Old Dominion Freight Line Inc - Company Profile

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Old Dominion Freight Line Inc: Segment Analysis

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Business Description

Old Dominion Freight Line Inc (Old Dominion) is a provider of LTL (less-than-truckload) motor carrier services. It offers a wide range of transportation and logistics services such as expedited transportation, supply chain consulting, truckload brokerage, container delivery, and warehousing services. As of December 31, 2022, the company owned 11,274 tractors, 31,252 linehaul trailers and 14,315 pickups and delivery (P&D) trailers and operated 255 service centers, of which 231 were owned and 24 were leased. The company classifies its services into six categories: OD-Domestic, OD-Expedited, OD-People, OD-Global, OD-Truckload , OD- Container Drayage, and OD Specialized Services. Through the OD-domestic category, the company offers LTL freight shipping in the US. It provides inter and intra-regional shipment services. It also offers next and second-day service for the Gulf Coast, Central States, Northeast, Southeast, Midwest, Central and West regions of the US. The company provides truckload and special services. OD- truckload freight brokerage service supports the truckload shipments throughout North America. Under the OD-expedited category, the company delivers customer-defined requirements through speed services. Its services provide guaranteed on-time delivery within normal transit times. It also offers on-demand time-specific delivery for shipments requiring more expedient service.The company offers time-specific air freight services globally; and provides security divider service with locked freight security, household shipping, OD weekend promise, on time in full and trade show shipping services. The company, through the OD-global category, offers global supply chain services including less-than-container load (LCL) and full-container load (FCL) services, and national container drayage. In North America, the company provides direct service to Canada, Hawaii, Alaska, Puerto Rico and Mexico, and superior shipping service across the Caribbean, the Far East, Central America, Europe and South America. These services provide customers with reduced handling cost of goods and less inventory and warehouse cost. OD offers drayage services from multiple locations on the East Coast, including loading, unloading, short-term warehousing and backhaul services.



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