Stock events for Old Dominion Freight Line, Inc. (ODFL)
Old Dominion Freight Line's stock price has declined significantly over the past six months. Key events impacting the stock include a two-for-one stock split in March 2024, a Q2 2025 earnings report with earnings per diluted share of $1.27, missing the consensus estimate of $1.29, and quarterly revenue falling short of expectations. An update for Q3 2025 indicated a decrease in revenue per day and a drop in LTL shipment volume for August 2025, attributed to economic softness and lower fuel prices. As of October 4, 2025, the consensus opinion on ODFL stock from analysts is predominantly "Hold."
Demand Seasonality affecting Old Dominion Freight Line, Inc.’s stock price
Demand for Old Dominion Freight Line's services can exhibit seasonal patterns. LTL volume tends to experience a seasonal dip in August. LTL capacity constraints leading up to the holiday season can result in seasonal demand spikes. March typically sees an increase in tonnage compared to February. Recent reports indicate that Q2 2025 revenue and LTL tons per day fell short of historical seasonality, attributed to tariff uncertainty and broader domestic economic softness.
Overview of Old Dominion Freight Line, Inc.’s business
Old Dominion Freight Line, Inc. (ODFL) is a less-than-truckload (LTL) motor carrier providing regional, inter-regional, and national LTL services. The company operates in the Transportation sector and the Cargo Ground Transportation industry. ODFL offers value-added services including expedited shipping, logistics and supply chain solutions, household moving services, container drayage, and truckload brokerage. Its global offerings extend to full container load (FCL) and less-than-container load (LCL) services to various regions.
ODFL’s Geographic footprint
Old Dominion Freight Line operates across all 50 U.S. states, Canada, Puerto Rico, and the US Virgin Islands. The company maintains a network of over 260 service centers. Its corporate headquarters are located in Thomasville, North Carolina.
ODFL Corporate Image Assessment
Old Dominion Freight Line maintains a strong brand reputation, recognized for its premium service, efficiency, and customer satisfaction. The company was recognized on Forbes America's Best Large Employers List 2025 for the sixth time. It received the MASTIO Quality Award as the No. 1 National LTL Carrier for the 15th consecutive year in 2024. ODFL was also named to Newsweek America's Greatest Workplaces for Diversity 2024.
Ownership
Old Dominion Freight Line, Inc. has a diverse ownership structure, with a significant portion held by institutional investors, between 74.89% and 90% of the company's shares. Major institutional owners include Vanguard Group Inc., BlackRock, Inc., Price T Rowe Associates Inc /md/, State Street Corp, Bank of New York Mellon Corp, and Geode Capital Management, Llc. Individual ownership includes Old Dominion Freight Line insiders, who collectively own 26.10% of the company, with David S. Congdon being the largest individual shareholder. The Congdon family also holds a notable stake. Retail investors hold a smaller percentage, approximately 0.00% to 27.26% depending on the reporting source.
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$135.43