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Old Dominion Freight Line, Inc. (ODFL) is one of the largest North American less-than-truckload (LTL) motor carriers, offering regional, inter-regional, and national LTL services through a single integrated, union-free organization . The company provides expedited transportation, container drayage, truckload brokerage, and supply chain consulting, supported by a vast network of service centers across the continental United States and strategic alliances for broader North American coverage . More than 98% of ODFL's revenue is historically derived from transporting LTL shipments, with demand generally tied to industrial production and the overall health of the U.S. domestic economy .
- Less-Than-Truckload (LTL) Services - Offers regional, inter-regional, and national LTL transportation services, forming the core of the company's operations and revenue.
- Expedited Transportation - Provides fast and reliable transportation solutions for time-sensitive shipments.
- Container Drayage - Facilitates the movement of containers between ports and inland destinations.
- Truckload Brokerage - Connects shippers with carriers for full truckload transportation needs.
- Supply Chain Consulting - Offers expert advice and strategies to optimize supply chain operations.
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
David S. Congdon ExecutiveBoard | Executive Chairman of the Board | None | Joined ODFL in 1978; former CEO (2008–2015); became Executive Chairman in May 2018; key contributor to ODFL's strategic growth and "OD Family Culture". | |
Kevin M. Freeman ExecutiveBoard | President and Chief Executive Officer | None | Joined ODFL in 1992; previously EVP & COO (2018–2023); became CEO in July 2023; 44 years of transportation industry experience. | View Report → |
Adam N. Satterfield Executive | EVP and Chief Financial Officer | None | CFO since 2015; responsible for financial strategy and reporting; no external roles disclosed. | |
Cecil E. Overbey, Jr. Executive | SVP – Strategic Development | None | Joined ODFL in 1995; leads strategic initiatives; no external roles disclosed. | |
Christopher J. Kelley Executive | SVP – Operations | None | Joined ODFL in 2002; became SVP – Operations in May 2023; 32 years of transportation industry experience. | |
Christopher T. Brooks Executive | SVP – Human Resources & Safety | None | Joined ODFL in 2015; leads HR and safety initiatives; no external roles disclosed. | |
Clayton G. Brinker Executive | VP – Accounting and Finance, Principal Accounting Officer | None | Joined ODFL in 2016; became VP and Principal Accounting Officer in August 2024; CPA with prior experience at SunEdison and PwC. | |
Gregory B. Plemmons Executive | EVP and Chief Operating Officer | None | Joined ODFL in 1997; previously SVP – Sales (2019–2023); became COO in July 2023; significant contributions to sales and operations. | |
Ross H. Parr Executive | SVP – Legal Affairs, General Counsel, and Secretary | None | Senior legal advisor at ODFL; no external roles disclosed. | |
Steven W. Hartsell Executive | SVP – Sales | None | Joined ODFL in 1998; became SVP – Sales in July 2023; extensive experience in sales leadership. | |
Andrew S. Davis Board | Director | SVP, Strategy and Investments at Cox Enterprises; Board Member at Wheels Up Experience Inc. | Director since 2023; extensive experience in transportation sector investments and advisory roles. | |
Bradley R. Gabosch Board | Director | Private Investor | Director since 2016; 43 years of public accounting experience, including 29 years as an audit partner; expertise in financial oversight and risk management. | |
Cheryl S. Miller Board | Director | Board Member at Tyson Foods, Inc. and Celsius Holdings, Inc. | Director since 2023; former CEO of AutoNation; extensive experience in finance and leadership; chairs audit and compensation committees at external boards. | |
John D. Kasarda Board | Director | CEO of Aerotropolis Business Concepts LLC; President of Aerotropolis Institute China | Director since 2008; leading developer of the aerotropolis concept; faculty member at UNC Kenan-Flagler Business School. | |
Leo H. Suggs Board | Lead Independent Director | None | Director since 2009; retiring at the 2025 Annual Meeting; former CEO of Overnite Transportation and UPS Freight; expertise in LTL operations and M&A. | |
Sherry A. Aaholm Board | Director | VP and Chief Digital Officer at Cummins, Inc.; Board Member at nVent Electric PLC | Director since 2018; expertise in IT, digital transformation, and corporate governance; NACD Directorship Certified. | |
Thomas A. Stith, III Board | Director | CEO of The Michael Thomas Group; Professor at UNC Kenan-Flagler Business School | Director since 2021; extensive experience in public policy, diversity, and governance; NACD Directorship Certified. | |
Wendy T. Stallings Board | Director | President and CEO of TPI Event Solutions, Inc. | Director since 2020; real estate investor and entrepreneur; co-founded and sold Excel Learning Centers. |
- Given the ongoing decrease in revenue and the increase in your operating ratio to 72.7% this quarter, are there any plans to cut costs or shed excess capacity to improve margins, especially as fixed costs are pressuring the industry?
- How do you plan to address the impact of recent hurricanes on your network operations and customer shipments, and do you expect this disruption to affect your fourth-quarter performance?
- With the uncertainty around the upcoming election causing customers to pause, can you differentiate between temporary pauses and ongoing industrial macro headwinds, and how are you planning for potential demand fluctuations?
- Your tonnage has declined due to continued economic softness; what specific strategies are you implementing to improve volumes, and where are you seeing pockets of weaker-than-expected activity in your customer base?
- Considering the substantial increase in your share repurchase program compared to last year and the modest dividend yield, can you explain the rationale for favoring buybacks over dividends, and does this indicate that you believe the stock is undervalued?
Recent press releases and 8-K filings for ODFL.
- Revenue declined to $1.37 billion (-5.8% YoY) with total revenue of $1,374,858K.
- Diluted EPS stood at $1.19.
- Operating ratio increased to 75.4%, with operating income of $338,055K and net income of $254,660K.
- Revised capital investment plans to approximately $450 million for the year, including $88.1M in Q1 capital expenditures.
- Delivered shareholder returns with $201.1 million in share repurchases and $59.5 million in dividends during Q1.