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OLD DOMINION FREIGHT LINE (ODFL)

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 .

  1. Less-Than-Truckload (LTL) Services - Offers regional, inter-regional, and national LTL transportation services, forming the core of the company's operations and revenue.
  2. Expedited Transportation - Provides fast and reliable transportation solutions for time-sensitive shipments.
  3. Container Drayage - Facilitates the movement of containers between ports and inland destinations.
  4. Truckload Brokerage - Connects shippers with carriers for full truckload transportation needs.
  5. Supply Chain Consulting - Offers expert advice and strategies to optimize supply chain operations.

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NamePositionExternal RolesShort 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.

  1. 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?
  2. 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?
  3. 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?
  4. 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?
  5. 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?

Research analysts who have asked questions during OLD DOMINION FREIGHT LINE earnings calls.

Bascome Majors

Susquehanna Financial Group

6 questions for ODFL

Also covers: CHRW, CNI, CSX +19 more

Daniel Imbro

Stephens Inc.

6 questions for ODFL

Also covers: ARCB, CHRW, CNI +23 more

Jason Seidl

TD Cowen

6 questions for ODFL

Also covers: ARCB, CHRW, CSX +17 more

J. Bruce Chan

Stifel

6 questions for ODFL

Also covers: ARCB, CHRW, FDX +13 more

Jonathan Chappell

Evercore ISI

6 questions for ODFL

Also covers: ASC, CHRW, CNI +20 more

Jordan Alliger

Goldman Sachs

6 questions for ODFL

Also covers: ARCB, CSX, FDX +12 more

Ken Hoexter

BofA Securities

6 questions for ODFL

Also covers: ARCB, CHRW, CNI +21 more

Ravi Shanker

Morgan Stanley

6 questions for ODFL

Also covers: AAL, ALGT, ALK +26 more

Scott Group

Wolfe Research

6 questions for ODFL

Also covers: AAL, ALGT, ALK +35 more

Christian Wetherbee

Wells Fargo

4 questions for ODFL

Also covers: ARCB, CHRW, CNI +14 more

Eric Morgan

Barclays

4 questions for ODFL

Also covers: CSX, KNX, SAIA +2 more

Richa Harnain

Deutsche Bank

4 questions for ODFL

Also covers: CHRW, CSX, FDX +5 more

Stephanie Benjamin Moore

Jefferies

3 questions for ODFL

Also covers: APG, ARCB, ARMK +22 more

Stephanie Moore

Jefferies

3 questions for ODFL

Also covers: APG, ARCB, BFAM +25 more

Thomas Wadewitz

UBS

3 questions for ODFL

Also covers: ALK, ARCB, CHRW +20 more

Tom Wadewitz

UBS Group

3 questions for ODFL

Also covers: ARCB, CHRW, CNI +16 more

Ariel Rosa

Citigroup

2 questions for ODFL

Also covers: ARCB, CHRW, CNI +14 more

Ari Rosa

Citigroup

2 questions for ODFL

Also covers: CNI, CP, CSX +8 more

Brandon Oglenski

Barclays

2 questions for ODFL

Also covers: AAL, ALGT, ALK +18 more

Brian Ossenbeck

JPMorgan Chase & Co.

2 questions for ODFL

Also covers: ARCB, CHRW, CNI +18 more

Chris Wetherbee

Wells Fargo

2 questions for ODFL

Also covers: ARCB, CHRW, CNI +12 more

Jeffrey Kauffman

Vertical Research Partners

1 question for ODFL

Also covers: ARCB, CHRW, CMI +11 more

Tyler Brown

Raymond James Financial, Inc.

1 question for ODFL

Also covers: CLH, CWST, MLM +7 more
Program DetailsProgram 1Program 2
Approval DateJuly 28, 2021 July 26, 2023
End Date/DurationCompleted in May 2024 No expiration date
Total additional amount$2.0 billion $3.0 billion
Remaining authorizationN/A (Program completed) $2.44 billion
DetailsProgram completed $2.40 billion uncommitted, reflecting a $40.0 million forward stock purchase contract under the ASR Agreement
YearAmount Due (Millions)Debt TypeInterest Rate (%)% of Total Debt
202420.0Series B Notes3.1033.4% = (20.0 / 59.985) * 100
202520.0Series B Notes3.1033.4% = (20.0 / 59.985) * 100
202620.0Series B Notes3.1033.4% = (20.0 / 59.985) * 100
202720.0Series B Notes3.1033.4% = (20.0 / 59.985) * 100
NameStart DateEnd DateReason for Change
Ernst & Young LLP1994 PresentCurrent auditor

Recent press releases and 8-K filings for ODFL.

Old Dominion Reports Second Quarter 2025 Operating Metrics
·$ODFL
Guidance Update
Demand Weakening
  • CFO Adam N. Satterfield led the update on operating metrics for May 2025, providing key details on LTL performance.
  • The update noted a 5.8% decline in revenue per day versus May 2024, driven by an 8.4% decrease in LTL tons per day, which itself was due to a 6.8% drop in shipments per day and a 1.9% reduction in weight per shipment.
  • For the quarter-to-date, there were increases of 3.2% in LTL revenue per hundredweight and 5.6% when excluding fuel surcharges compared to the same period last year.
Jun 4, 2025, 12:00 AM
Old Dominion Freight Line Announces Quarterly Dividend
·$ODFL
Dividends
  • The Board of Directors declared a quarterly cash dividend of $0.28 per share as announced by the Executive Vice President and Chief Financial Officer, Adam N. Satterfield.
  • This dividend represents a 7.7% increase over the dividend paid in June 2024, with a payment date of June 18, 2025 and a record date of June 4, 2025.
May 22, 2025, 12:00 AM
Old Dominion Freight Line Q1 2025 Earnings Call Results Summary
·$ODFL
Earnings
Dividends
Share Buyback
  • 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.
Apr 23, 2025, 2:01 PM