Old Dominion Freight Line

Governance Leaders Donna F. Zarcone and Thomas A. Stith III Elected to NACD Corporate Directors Institute's Board of Directors

Retrieved on: 
Tuesday, March 5, 2024

WASHINGTON, March 5, 2024 /PRNewswire/ -- The NACD Corporate Directors Institute® (CDI), the independent sister organization to the National Association of Corporate Directors® (NACD), today announced that Donna F. Zarcone and Thomas A. Stith III have been elected to its board of directors.

Key Points: 
  • WASHINGTON, March 5, 2024 /PRNewswire/ -- The NACD Corporate Directors Institute® (CDI), the independent sister organization to the National Association of Corporate Directors® (NACD), today announced that Donna F. Zarcone and Thomas A. Stith III have been elected to its board of directors.
  • Donna F. Zarcone, NACD.DC, is an experienced CEO and board director who currently serves on four corporate boards: CDW Corporation, Cigna Group, Duchossois Capital Management, and Quinnox.
  • "Donna and Thomas are outstanding directors with deep governance, public policy, and leadership experience who will add significant value to the growing NACD certification program," said Peter Gleason, NACD president and CEO.
  • "Thanks to the dedication of the CDI Board, NACD is setting the standard of what it means to be a well-educated director.

ATRI Seeks Truck Driver Input on Challenges Encountered by Women Drivers

Retrieved on: 
Wednesday, January 3, 2024

WASHINGTON, Jan. 3, 2024 /PRNewswire/ -- The American Transportation Research Institute (ATRI) today launched a new survey to identify what both women and men truck drivers believe to be the barriers to entry for women truck drivers.

Key Points: 
  • WASHINGTON, Jan. 3, 2024 /PRNewswire/ -- The American Transportation Research Institute (ATRI) today launched a new survey to identify what both women and men truck drivers believe to be the barriers to entry for women truck drivers.
  • The research will also capture other challenges that truck drivers encounter while training, on the road, and at parking facilities.
  • The research will utilize responses from both women and men drivers to identify and contrast the unique challenges faced by women drivers.
  • The survey asks for driver perspectives and experiences:
    when considering a career as a truck driver;
    regarding challenges encountered as a truck driver; and
    for those who no longer drive a truck, why they left the industry.

Old Dominion Freight Line Provides Update for Fourth Quarter 2023

Retrieved on: 
Tuesday, December 5, 2023

Old Dominion Freight Line, Inc. (Nasdaq: ODFL) today reported certain less-than-truckload (“LTL”) operating metrics for November 2023.

Key Points: 
  • Old Dominion Freight Line, Inc. (Nasdaq: ODFL) today reported certain less-than-truckload (“LTL”) operating metrics for November 2023.
  • Marty Freeman, President and Chief Executive Officer of Old Dominion, commented, “The decrease in our November revenue reflects continued softness in the domestic economy.
  • We undertake no obligation to publicly update any forward-looking statement to reflect developments occurring after the statement is made, except as otherwise required by law.
  • Old Dominion Freight Line, Inc. is one of the largest North American LTL motor carriers and provides regional, inter-regional and national LTL services through a single integrated, union-free organization.

MyCarrier Ranks Among the FreightTech Top 25 for Second Year in a Row

Retrieved on: 
Tuesday, November 14, 2023

MyCarrier, a transformative shipping management platform, announced today that the company placed #11 on FreightWaves' prestigious FreightTech 25 list.

Key Points: 
  • MyCarrier, a transformative shipping management platform, announced today that the company placed #11 on FreightWaves' prestigious FreightTech 25 list.
  • The company, which partners with the industry’s largest LTL carriers to automate shipping, has experienced a 116% platform growth year over year.
  • MyCarrier’s cofounder and CEO, Michael Bookout commented on the recognition, saying, "We’re honored to once again be chosen as a FreightTech 25 winner.
  • We look forward to the future success of our partnership and congratulate the MyCarrier team on being selected for FreightTech 25."

Old Dominion Freight Line, Inc. Announces General Rate Increase

Retrieved on: 
Monday, November 13, 2023

Old Dominion Freight Line, Inc. (Nasdaq: ODFL) today announced a general rate increase (GRI) of 4.9 percent applicable to rates established under the existing ODFL 559, 670, and 550 tariffs, effective December 4, 2023.

Key Points: 
  • Old Dominion Freight Line, Inc. (Nasdaq: ODFL) today announced a general rate increase (GRI) of 4.9 percent applicable to rates established under the existing ODFL 559, 670, and 550 tariffs, effective December 4, 2023.
  • Todd A. Polen, Old Dominion Freight Line’s Vice President – Pricing Services, commented, “In line with our economic forecast and expectations for the anticipated operating environment, OD is implementing a general rate increase to ensure the continued enhancement of our high-quality service network and systems.
  • While the GRI’s impact will vary based on individual shipment lanes and distances traveled, it aligns with our long-term yield management strategy.
  • The GRI also includes nominal increases in minimum charges for intrastate, interstate, and cross-border lanes.”
    For more information about Old Dominion Freight Line, visit www.odfl.com or call (800) 432-6335.

ATA Names 36 Professional Drivers as Finalists for 2024-2025 America's Road Team

Retrieved on: 
Friday, October 27, 2023

WASHINGTON, Oct. 27, 2023 /PRNewswire/ -- Today, American Trucking Associations released the list of 36 professional truck drivers named as finalists for the 2024-2025 America's Road Team.

Key Points: 
  • WASHINGTON, Oct. 27, 2023 /PRNewswire/ -- Today, American Trucking Associations released the list of 36 professional truck drivers named as finalists for the 2024-2025 America's Road Team.
  • America's Road Team, a group of professional truck drivers with superior safety records, was created in 1986 to represent the trucking industry and is sponsored by Volvo Trucks.
  • The 36 finalists advance to the final round of the selection process, which will be held this January in Washington.
  • "Being named a finalist for America's Road Team is a major achievement for professional truck drivers and ATA congratulates each of them for this accomplishment," said ATA Chief Operating Officer Sarah Rajtik.

Old Dominion Freight Line Receives Prestigious Mastio Quality Award for the 14th Consecutive Year

Retrieved on: 
Tuesday, October 24, 2023

Old Dominion Freight Line, Inc. (OD), a leading national Less-Than-Truckload carrier, has been named the winner of the Mastio Quality Award for the 14th consecutive year.

Key Points: 
  • Old Dominion Freight Line, Inc. (OD), a leading national Less-Than-Truckload carrier, has been named the winner of the Mastio Quality Award for the 14th consecutive year.
  • This esteemed award, determined by logistics professionals, is presented annually to the #1 national LTL carrier for quality by Mastio & Company.
  • These performance criteria are utilized to calculate the prestigious Mastio Quality Award recipient.
  • For the 14th consecutive year, we are delighted to again recognize Old Dominion as the #1 national LTL carrier based on their performance in the 2023 Mastio Customer Preference and Carrier Performance Study.

Old Dominion Freight Line Announces $0.40 Per Share Quarterly Cash Dividend

Retrieved on: 
Thursday, October 19, 2023

Old Dominion Freight Line, Inc. (Nasdaq: ODFL) today announced that its Board of Directors has declared a quarterly cash dividend of $0.40 per share of common stock, payable on December 20, 2023, to shareholders of record at the close of business on December 6, 2023.

Key Points: 
  • Old Dominion Freight Line, Inc. (Nasdaq: ODFL) today announced that its Board of Directors has declared a quarterly cash dividend of $0.40 per share of common stock, payable on December 20, 2023, to shareholders of record at the close of business on December 6, 2023.
  • This dividend represents a 33.3% increase over the dividend paid in December 2022.
  • Forward-looking statements in this news release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.
  • Old Dominion Freight Line, Inc. is one of the largest North American less-than-truckload (“LTL”) motor carriers and provides regional, inter-regional and national LTL services through a single integrated, union-free organization.

Old Dominion Freight Line to Webcast Third Quarter 2023 Conference Call

Retrieved on: 
Wednesday, September 27, 2023

Old Dominion Freight Line, Inc. (Nasdaq: ODFL) announced today that it plans to release its third quarter 2023 financial results before opening of trading on Wednesday, October 25, 2023.

Key Points: 
  • Old Dominion Freight Line, Inc. (Nasdaq: ODFL) announced today that it plans to release its third quarter 2023 financial results before opening of trading on Wednesday, October 25, 2023.
  • The Company will also hold a conference call to discuss its financial results and outlook at 10:00 a.m. (Eastern Time) on Wednesday, October 25, 2023.
  • An online, real-time webcast of Old Dominion’s quarterly conference call will be available at www.odfl.com on Wednesday, October 25, 2023, at 10:00 a.m. (Eastern Time).
  • Old Dominion Freight Line, Inc. is one of the largest North American less-than-truckload (“LTL”) motor carriers and provides regional, inter-regional and national LTL services through a single integrated, union-free organization.

Old Dominion Freight Line Provides Update for Third Quarter 2023

Retrieved on: 
Wednesday, September 6, 2023

Old Dominion Freight Line, Inc. (Nasdaq: ODFL) today reported certain less-than-truckload (“LTL”) operating metrics for August 2023.

Key Points: 
  • Old Dominion Freight Line, Inc. (Nasdaq: ODFL) today reported certain less-than-truckload (“LTL”) operating metrics for August 2023.
  • Marty Freeman, President and Chief Executive Officer of Old Dominion, commented, “The decrease in Old Dominion’s tonnage for August reflects continued softness in the domestic economy as well as a change in the mix of our freight.
  • We undertake no obligation to publicly update any forward-looking statement to reflect developments occurring after the statement is made, except as otherwise required by law.
  • Old Dominion Freight Line, Inc. is one of the largest North American LTL motor carriers and provides regional, inter-regional and national LTL services through a single integrated, union-free organization.