Old Dominion Freight Line (ODFL) Q1 Earnings and Revenues Beat Estimates
- Old Dominion Freight Line (ODFL) came out with quarterly earnings of $1.19 per share, beating the Zacks Consensus Estimate of $1.15 per share. This compares to earnings of $1.34 per share a year ago.
- 04/23/2025
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Old Dominion Freight Line Reports First Quarter 2025 Earnings Per Diluted Share of $1.19
- THOMASVILLE, N.C.--(BUSINESS WIRE)--Old Dominion Freight Line, Inc. (Nasdaq: ODFL) today announced financial results for the three-month period ended March 31, 2025. Three Months Ended March 31, (In thousands, except per share amounts) 2025 2024 % Chg. Total revenue $ 1,374,858 $ 1,460,073 (5.8)% LTL services revenue $ 1,360,839 $ 1,446,733 (5.9)% Other services revenue $ 14,019 $ 13,340 5.1% Operating income $ 338,055 $ 386,426 (12.5)% Operating ratio 75.4 % .
- 04/23/2025
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Can These 4 Transportation Stocks Hit Q1 Earnings Targets?
- Investors interested in the Transportation sector can look forward to the first-quarter 2025 earnings reports of WAB, ODFL, UNP, and LUV.
- 04/22/2025
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Stay Ahead of the Game With Old Dominion (ODFL) Q1 Earnings: Wall Street's Insights on Key Metrics
- Beyond analysts' top -and-bottom-line estimates for Old Dominion (ODFL), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended March 2025.
- 04/21/2025
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Old Dominion: Light At The End Of The Tunnel
- The US trucking industry is facing prolonged challenges with declining freight volumes and pricing softness, despite slight recent improvements. Old Dominion stands out with superior capital allocation, minimal debt, and excellent customer service, maintaining a strong competitive position. The long-term outlook for the LTL segment remains positive, driven by anticipated economic and manufacturing growth, despite current uncertainties.
- 04/19/2025
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The 50/50 Dividend Strategy: One Of My Favorite Ways To Build Wealth
- The 50/50 strategy blends the simplicity of ETFs with the customization of individual dividend stocks, optimizing returns while managing risks. This approach suits a wide range of investors, from beginners to experienced, aiming to balance quality dividend growth with exposure to long-term trends. Investing should be creative, like playing with Lego bricks, allowing for personalized portfolios that align with specific financial goals.
- 04/18/2025
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ODFL's Q1 Earnings Coming Up: What's in the Offing for the Stock?
- ODFL's top line in the first quarter of 2025 is expected to have been significantly affected by high inflationary pressure and tariff-related uncertainties.
- 04/16/2025
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Old Dominion Freight Line (ODFL) Expected to Beat Earnings Estimates: Can the Stock Move Higher?
- Old Dominion (ODFL) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 04/16/2025
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Tariffied? 3 Of The Smartest Dividend Stocks To Buy Right Now
- Last week was extremely volatile, with significant market swings driven by political and macroeconomic news, leading to the highest volatility since the Great Financial Crisis. The market is currently in an event-driven correction due to tariffs, with a deeply bearish sentiment, which is a positive contrarian signal for buying. Policy support remains uncertain, but potential positive developments in tariff negotiations and growth rates could fuel a market recovery.
- 04/14/2025
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Buy, Buy, Bad Week. Time To Get Greedy
- This week has been one of the most intense of my career, with daily political headlines and market records being broken. I invested more than half my cash, expanding positions. While the market experienced extreme volatility, the recent 90-day tariff pause and lower inflation offer some relief. The drop in long-term yields could also provide more stability for the market. Although I'm not convinced we'll reach all-time highs anytime soon, I remain focused on quality dividend/value stocks, as strategic, long-term investing in this environment can offer great opportunities.
- 04/12/2025
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Is the Options Market Predicting a Spike in Old Dominion Freight Line (ODFL) Stock?
- Investors need to pay close attention to Old Dominion Freight Line (ODFL) stock based on the movements in the options market lately.
- 04/11/2025
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Chaos Breeds Bargains! Here's What I'm Buying
- My portfolio took a major hit on April 3 and 4, with losses surpassing previous records. Yet, despite the pain, I remain optimistic. Market corrections are essential for long-term wealth building. Though short-term declines are difficult, I view them as opportunities to improve my risk/reward and income potential. I'm eyeing undervalued opportunities, especially cyclical stocks. The current market weakness, amplified by tariffs, offers great buying potential for stocks like Union Pacific and Prologis, and many others.
- 04/06/2025
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My Top 15 High-Growth Dividend Stocks For April 2025
- My Top 15 High-Growth Dividend stocks outperformed SPY and VIG in March, posting a loss of 3.26% compared to SPY's 5.86% and VIG's 4.50%. The April 2025 list offers an average dividend yield of 1.25% and is potentially 31% undervalued, poised for strong long-term returns. Dollar cost averaging into the top 15 stocks each month shows a 68.54% success rate, with 61 out of 89 stocks leading to positive gains.
- 04/02/2025
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Old Dominion Freight Line to Webcast First Quarter 2025 Conference Call
- THOMASVILLE, N.C.--(BUSINESS WIRE)--Old Dominion Freight Line, Inc. (Nasdaq: ODFL) announced today that it plans to release its first quarter 2025 financial results before opening of trading on Wednesday, April 23, 2025. The Company will also hold a conference call to discuss its financial results and outlook at 10:00 a.m. (Eastern Time) on Wednesday, April 23, 2025. An online, real-time webcast of Old Dominion's quarterly conference call will be available at ir.odfl.com on Wednesday, April 23,.
- 03/26/2025
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Old Dominion: Getting Ready For A Recovery (Rating Upgrade)
- I update my fair price for Old Dominion to $191 per share, upgrading its rating from Hold to Buy. Despite the short-term reversion to the mean after the abnormal growth during the pandemic, fundamentals remain strong. Old Dominion keeps gaining market share in a tough environment for the LTL industry.
- 03/21/2025
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Old Dominion Freight Line: A Strong Player in a Competitive Trucking Market
- Explore the exciting world of Old Dominion Freight Line (ODFL -6.15%) with our expert analysts in this Motley Fool Scoreboard episode. Check out the video below to gain valuable insights into market trends and potential investment opportunities!
- 03/11/2025
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Old Dominion Posts Weak LTL Unit Performance for February
- ODFL's revenue per day fell 5% year over year in February 2025, owing to a 7.1% decrease in LTL tons per day, which was partially offset by an increase in LTL revenue per hundredweight.
- 03/05/2025
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Old Dominion Freight Line Provides Update for First Quarter 2025
- THOMASVILLE, N.C.--(BUSINESS WIRE)--Old Dominion Freight Line, Inc. (Nasdaq: ODFL) today reported certain less-than-truckload (“LTL”) operating metrics for February 2025. Revenue per day decreased 5.0% as compared to February 2024 due to a 7.1% decrease in LTL tons per day that was partially offset by an increase in LTL revenue per hundredweight. The decrease in LTL tons per day was attributable to a 5.9% decrease in LTL shipments per day and a 1.3% decrease in LTL weight per shipment. For the.
- 03/04/2025
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My Top 15 High-Growth Dividend Stocks For March 2025
- The SPDR S&P 500 ETF Trust stumbled in February but managed to maintain a positive return in 2025. The Top 15 dividend growth stocks for March 2025 offer an average dividend yield of 1.13% and appear to be about 25% undervalued based on dividend yield theory. Since its inception in September 2020, the watch list has achieved a 10.63% compound annual growth rate.
- 03/03/2025
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Old Dominion Freight Line: Just Getting Started
- Warren Buffett highlighted Enterprise Rent-A-Car's success through exceptional customer service, I suggest a similar moat for Old Dominion Freight Lines in the LTL trucking industry. ODFL's superior service quality, evidenced by a 99% on-time performance and low claim ratio, has driven significant market share gains and industry recognition. ODFL's strategic investments in service centers, fleet, and employee training have created a robust, profitable network, enabling sustained growth and high returns.
- 02/28/2025
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31 Upcoming Dividend Increases, Including 3 Kings
- This week sees 31 dividend increases, including three Dividend Kings: Genuine Parts, Commerce Bancshares, and Kimberly-Clark, showcasing impressive financial stability and growth. My investment strategy prioritizes companies with consistently rising dividends and outperforming benchmarks, aiming for long-term wealth accumulation and portfolio prosperity. I use data from the "U.S. Dividend Champions" spreadsheet and NASDAQ to identify companies with at least five years of dividend growth.
- 02/27/2025
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Stock Picker's Paradise - 3 Dividend Gems Built To Shine
- The market is shifting to a stock-picker's paradise, with high dispersion and low correlation creating opportunities for single-stock outperformance. Goldman Sachs supports this view, highlighting how fundamentals, not macro trends, now drive returns, making selective stock picking essential. I've identified three stocks with strong business models, growth potential, and attractive dividends poised to beat the market in this micro-driven era.
- 02/26/2025
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3 Truck Stocks Worth Keeping An Eye On Despite Industry Pressure
- The Zacks Industry Rank for the Transportation-Truck industry paints a dull picture, mainly owing to the slowdown in freight demand. We believe stocks like ODFL, ARCB and FWRD are better positioned to escape industry challenges.
- 02/25/2025
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Old Dominion: 5 Key Takeaways for Long-Term Investors
- Old Dominion Freight Line (ODFL 0.87%) held its fourth-quarter 2024 earnings call on February 5, 2025. While the less-than-truckload (LTL) carrier continues to face headwinds from a sluggish freight environment, management's commentary revealed important insights about the company's competitive positioning and long-term strategy.
- 02/24/2025
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The Power Of Patience - 3 Of My Favorite Dividend Growth Stocks
- Dividend growth investing requires patience but pays off. Low-yield stocks with strong growth potential can outperform high-yield picks over time, offering both income and capital appreciation. I focus on three stocks with fantastic business models, pricing power, and long-term growth potential. These picks align with my belief in balancing income and growth for a resilient portfolio. While not ideal for immediate income, these stocks are perfect for long-term investors. They offer compounding power, strong fundamentals, and the potential to beat the market.
- 02/18/2025
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All-In: The 23-Stock Six-Figure Dividend Portfolio I'm Betting My Future On
- Thank you to the Seeking Alpha community for your support! Reaching 40,000 followers is a dream come true. Your feedback fuels my work. I've invested 91% of my net worth in 23 high-conviction dividend stocks. Focused on wide-moat businesses, I prioritize quality and long-term growth over yield. My portfolio has outperformed the S&P 500, and I'm confident in its future. I expect a rotation to value stocks, and I'll keep sharing insights to grow together.
- 02/14/2025
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Old Dominion: Don't Be Too Intimidated With Valuation
- Old Dominion Freight Line, Inc. remains a solid company with stable revenues, impressive margins, and liquidity, despite a challenging LTL market environment. The stock appears overvalued with downside risks, but technical indicators suggest potential for range trading to balance risks and rewards. ODFL's efficient cost management and low borrowings enhance its resilience and adaptability to market volatility and recovery.
- 02/12/2025
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The Next Big Opportunity: My Favorite Dividend Stocks For The Shift Ahead
- I believe we're at a turning point for cyclical stocks, with improving indicators and global growth signaling potential outperformance in industrials, energy, and transportation. I'm positioning my portfolio for this shift, adding to railroads, machinery, and energy stocks. I'm confident these sectors will see strong returns and accelerating dividend growth. Of course, risks remain - geopolitical tensions, inflation, or economic slowdowns could derail this trend. But for now, the risk/reward looks favorable.
- 02/07/2025
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Live Markets: GOOGL, AMD, AMZN Weigh on Nasdaq
- Today’s trading reveals technology investors see the glass half empty at the moment. A tech malaise fueled by Google parent Alphabet (Nasdaq: GOOGL) and chipmaker AMD (Nasdaq: AMD) is pressuring the Nasdaq Composite and S&P 500 moderately lower while the Dow Jones Industrial Average is eking out a gain. The tech malaise can be blamed on Alphabet’s steep 8% drop, owing to a revenue shortfall coupled on top of an aggressive AI spending plan that didn’t sit well with Wall Street. AMD stock, a member of the Nasdaq Composite, is currently down 9% as of mid-morning. Amazon (Nasdaq: AMZN) shares are down in sympathy ahead of the company’s earnings report after the closing bell tomorrow. Key Points Tech is weighing on the Nasdaq Composite and S&P 500 while the Dow Jones Industrial Average is eking out modest gains. Google parent Alphabet stock is sinking 8% on aggressive AI capex plans despite a revenue miss. AMD shares are down a steep 9% on weak data center results, but Wall Street says the quarter was “better than feared.” Amazon shares are down in sympathy ahead of the company’s quarterly results on Thursday. Despite selling pressure the S&P 500 is managing to hover above the key 6,000 level, buoyed by stocks like Newmont Mining (NYSE: NEM) with a 4% gain and trucking company Old Dominion Freight Line (Nasdaq: ODFL) with a 6% jump in response to earnings. On the economic front, the economy appears to be humming as the workforce added a higher than expected 183,000 private payrolls in January, fueled by service providers, while wages rose, according to ADP data. Here’s a look at the performance as of morning trading: Dow Jones Industrial Average: up 38.57 (+0.09%) Nasdaq Composite: down 78.77 (-0.41%) S&P 500: down 7.76 (-0.13%) Tech Earnings Roundup Alphabet’s Q4 revenue missed consensus estimates while the company has earmarked a whopping $75 billion in AI capex, including the development of data centers, amid fierce competitive headwinds from the U.S. and China. Google’s YouTube was another drag as its ad revenue slowed. AMD’s stock is reeling after its data center revenue failed to meet high expectations. It shows how much AI is running the show, as AMD’s top and bottom lines came in better than expected. Wall Street Moves A slew of analysts responded to AMD’s earnings print. Among them, Citi described AMD’s results as “decent” but lacking on AI revenue guidance. Goldman Sachs analysts called the results “better than feared” while the data center performance fell short. As for Alphabet, Goldman Sachs maintains a “buy” rating with a $220 price target, while BofA said, “Street could be underestimating AI Overview benefits for Search monetization in 2025.” Grab Holdings (Nasdaq: GRAB) is down 6% on the heels of a JPMorgan analyst downgrade to a “neutral” rating from “overweight” with a $5.60 price target, saying they are looking to better entry levels on the stock. The post Live Markets: GOOGL, AMD, AMZN Weigh on Nasdaq appeared first on 24/7 Wall St..
- 02/05/2025
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Old Dominion Freight Line, Inc. (ODFL) Q4 2024 Earnings Call Transcript
- Old Dominion Freight Line, Inc. (NASDAQ:ODFL ) Q4 2024 Earnings Conference Call February 5, 2025 10:00 AM ET Company Participants Jack Atkins - Director of Finance, IR Marty Freeman - President and CEO Adam Satterfield - CFO Conference Call Participants Jason Seidl - TD Cowen Jordan Alliger - Goldman Sachs Chris Wetherbee - Wells Fargo Jon Chappell - Evercore ISI Daniel Imbro - Stephens Eric Morgan - Barclays Brian Ossenbeck - JP Morgan Ken Hoexter - Bank of America Scott Group - Wolfe Research Bruce Chan - Stifel Bascome Majors - Susquehanna Mike Triano - UBS Ari Rosa - Citigroup Ravi Shanker - Morgan Stanley Joe Hafling - Jefferies Tyler Brown - Raymond James Operator [Call Started Abruptly] Freight Line Fourth Quarter 2024 Earnings Conference Call. All participants will be in listen-only mode [Operator Instructions].
- 02/05/2025
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Old Dominion's Q4 Earnings Beat Estimates, Revenues Decrease Y/Y
- ODFL's revenues decline 7.3% year over year for the fourth quarter of 2024.
- 02/05/2025
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Compared to Estimates, Old Dominion (ODFL) Q4 Earnings: A Look at Key Metrics
- Although the revenue and EPS for Old Dominion (ODFL) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
- 02/05/2025
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Old Dominion Exceeds Expectations in Q4
- Old Dominion Freight Line (ODFL 7.29%), a leading less-than-truckload (LTL) carrier, reported Q4 2024 earnings on Wednesday, Feb. 5, that topped Wall Street's consensus estimates. EPS of $1.23 surpassed the forecast of $1.16.
- 02/05/2025
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Old Dominion Freight Line (ODFL) Beats Q4 Earnings and Revenue Estimates
- Old Dominion Freight Line (ODFL) came out with quarterly earnings of $1.23 per share, beating the Zacks Consensus Estimate of $1.17 per share. This compares to earnings of $1.47 per share a year ago.
- 02/05/2025
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Old Dominion Freight Line Reports Fourth Quarter 2024 Earnings Per Diluted Share of $1.23
- THOMASVILLE, N.C.--(BUSINESS WIRE)--Old Dominion Freight Line, Inc. (Nasdaq: ODFL) today announced financial results for the three-month and twelve-month periods ended December 31, 2024. All prior-period share and per share data in this release have been adjusted to reflect the Company's March 2024 two-for-one stock split. Three Months Ended Twelve Months Ended December 31, December 31, (In thousands, except per share amounts) 2024 2023 % Chg. 2024 2023 % Chg.
- 02/05/2025
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Unveiling Old Dominion (ODFL) Q4 Outlook: Wall Street Estimates for Key Metrics
- Besides Wall Street's top -and-bottom-line estimates for Old Dominion (ODFL), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended December 2024.
- 02/03/2025
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Analysts Estimate Old Dominion Freight Line (ODFL) to Report a Decline in Earnings: What to Look Out for
- Old Dominion (ODFL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 01/29/2025
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ODFL's Q4 Earnings Coming Up: What's in the Offing for the Stock?
- ODFL's fourth-quarter 2024 top line is expected to have suffered from the freight market downturn and economic uncertainties.
- 01/29/2025
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3 Trucking Stocks Leading the Way in Market Momentum
- Price action is typically the first sign of the market's sentiment toward a stock, industry, or group of stocks, which means that breakout stocks or ones that have seen favorable price action lately are bound to keep doing well just as long as the initial reason for a breakout is sustainable and rooted in strong fundamental themes. Today, this is the case for a list of transportation stocks, particularly in the trucking industry.
- 01/29/2025
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BlueGrace Logistics Announces 2024 LTL Carrier Award Winners: Southeastern Freight Lines and Old Dominion Freight Line
- Tampa, FL, Jan. 20, 2025 (GLOBE NEWSWIRE) -- BlueGrace Logistics (BlueGrace), a leading Third-Party Logistics (3PL) provider operating within North America, is excited to announce the recipients of its 2024 LTL (Less-Than-Truckload) Carrier Awards, honoring carriers who demonstrate exceptional service, reliability, and dedication to delivering value in the logistics industry. Following a comprehensive review of carrier performance over the past year, the company recognizes Southeastern Freight Lines as the Regional Carrier of the Year and Old Dominion Freight Line as the National Carrier of the Year, earning them both recognition for the second consecutive year.
- 01/20/2025
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Wedgewood Partners: Q4 And 2024 Top Performers And Detractors
- Texas Pacific Land and Taiwan Semiconductor Manufacturing were top contributors for both the quarter and the year, showcasing strong earnings growth and strategic market positioning. Despite Texas Pacific Land's strong performance, we sold our positions due to overvaluation driven by index additions, with plans to re-invest post-market correction. Edwards Lifesciences' EARLY TAVR trial results highlight significant potential for expanding aortic stenosis treatment, positioning the company for double-digit earnings growth in the coming years.
- 01/16/2025
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Ultra-High Conviction: My 3 Favorite Inflation Stocks
- Inflation remains a key concern, but I've identified three exceptional stocks that thrive in these conditions, offering growth, income, and resilience. These stocks are backed by strong fundamentals, pricing power, and a history of delivering value, making them ideal picks for inflationary times. With a long-term perspective, I'm confident these investments can weather economic challenges and compound returns for years to come.
- 01/10/2025
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Old Dominion Freight Line to Webcast Fourth Quarter and Year-End 2024 Conference Call
- THOMASVILLE, N.C.--(BUSINESS WIRE)--Old Dominion Freight Line, Inc. (Nasdaq: ODFL) announced today that it plans to release its fourth quarter and year-end 2024 financial results before opening of trading on Wednesday, February 5, 2025. The Company will also hold a conference call to discuss its financial results and outlook at 10:00 a.m. (Eastern Time) on Wednesday, February 5, 2025. An online, real-time webcast of Old Dominion's quarterly conference call will be available at ir.odfl.com on We.
- 01/08/2025
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Investing In 2025: Ignore Dividends At Your Own Peril
- Investing In 2025: Ignore Dividends At Your Own Peril
- 01/06/2025
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My Top 15 High Growth Dividend Stocks For January 2025
- The SPDR S&P 500 ETF Trust ended 2024 on a sour note, losing 2.41% in December and finishing the year up 24.89%. The Top 15 dividend growth stocks for January 2025 offer an average dividend yield of 1.21% and appear to be about 27% undervalued based on dividend yield theory. Since its inception in September 2020, the watch list has achieved a 10.33% compound annual growth rate.
- 01/02/2025
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Broughton Capital's Don Broughton gives his outlook for transports in 2025
- Don Broughton, Broughton Capital managing partner, joins 'The Exchange' to discuss his transports outlook in 2025.
- 12/24/2024
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Old Dominion Freight Line: A Dividend Grower That Should Benefit From Lower Interest Rates
- Old Dominion Freight Line faces headwinds from high interest rates, but resilient financials and expected earnings growth in 2025 and beyond make it a strong long-term investment. Despite higher operating costs, ODFL's solid dividend growth, low debt, and strong cash flow highlight its financial strength and astute capital allocation. The stock appears overvalued with a forward P/E of 37.01x, suggesting investors should consider adding on market corrections or crashes.
- 12/20/2024
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Where to Invest in 2025: Top Stock Picks for Maximum Gains
- When end-of-year liquidations and profit taking take place, investors sit on newly minted cash waiting to be put to work again. Out of all the investment trends in the market and all the stocks that could outperform, which ones could pose the best opportunity from now into 2025?
- 12/13/2024
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Buying No-Brainer Dividends For The 'Best Four Years Ever'
- Scott Bessent's predictions for a Trump presidency suggest economic growth, driven by tariffs as a threat, energy expansion, and manufacturing revival. Trump's second term may focus on broad economic growth, addressing inflation while boosting U.S. manufacturing, despite challenges like rising oil costs. I present several dividend picks I expect to perform well, as they come with income, dividend growth, secular tailwinds, and pricing power.
- 12/05/2024
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Old Dominion Posts Weak LTL Unit Performance for November
- ODFL reports revenue per day decline of 8.2% year over year in November 2024 due to an 8% decrease in LTL tons per day and a slight decrease in LTL revenue per hundredweight.
- 12/04/2024
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Old Dominion Freight Line Provides Update for Fourth Quarter 2024
- THOMASVILLE, N.C.--(BUSINESS WIRE)--Old Dominion Freight Line, Inc. (Nasdaq: ODFL) today reported certain less-than-truckload (“LTL”) operating metrics for November 2024. Revenue per day decreased 8.2% as compared to November 2023 due to an 8.0% decrease in LTL tons per day and a slight decrease in LTL revenue per hundredweight. The decrease in LTL tons per day was attributable to a 6.8% decrease in LTL shipments per day and a 1.2% decrease in LTL weight per shipment. For the quarter-to-date pe.
- 12/03/2024
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Do New Tariffs Signal Rising Inflation? A Technical Breakdown
- There are many views in the market today regarding the new potential tariffs being planned by the newly elected United States administration. Economists collectively agree that these tariffs will lead to a new wave of inflation in the economy, as the price of everyday goods will increase significantly.
- 12/03/2024
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3 Stocks to Ride the Manufacturing Sector's Big Comeback
- The financial markets have provided investors with their sentiment for the United States economy moving forward through price action in different asset classes like stocks, bonds, and commodities. From the way gold is making new all-time highs while bond yields are on the rise, investors could assume that one single theme is taking over the behavior coming out of the different markets.
- 11/29/2024
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Here's Why You Should Give Old Dominion Stock a Miss Now
- The combination of economic uncertainty, weak demand and cost escalation affect ODFL's investment prospects.
- 11/25/2024
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Old Dominion (ODFL) Up 13.9% Since Last Earnings Report: Can It Continue?
- Old Dominion (ODFL) reported earnings 30 days ago. What's next for the stock?
- 11/22/2024
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High-Conviction Investing - 4 Of The Best Dividend Stocks Money Can Buy
- The current market presents a complex mix of opportunities and risks, influenced by the Trump presidency, Fed policies, and elevated valuations. These factors require careful stock selection. I am focusing on sectors with strong recovery potential and long-term tailwinds, such as transportation and defense, while considering valuation and growth potential. My picks include high-quality, dividend-paying stocks positioned for growth, pricing power, and resilience, making them ideal investments for a volatile market.
- 11/18/2024
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Josh's breakout stocks: Old Dominion, T. Rowe Price and Amazon
- Josh Brown, CEO at Ritholtz Wealth Management, joins CNBC's "Halftime Report" to discuss the stocks that he believes are breaking out.
- 11/14/2024
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My 3 Favorite Dividend Stocks For What's Next
- The recent U.S. election has significant implications for portfolios, emphasizing the importance of politics in investment research. Market reactions to Trump's election suggest a bet on higher growth, but potential downsides like tariffs and immigration policies must be considered. Many of Trump's plans face legal challenges, making it essential to focus on stocks that benefit from his presidency without being overly dependent on him.
- 11/11/2024
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Can Old Dominion Freight Lines (ODFL) Double Under a Trump Presidency?
- Donald Trump's decisive victory in the presidential race is causing a dramatic response in the stock market as investors sort out the election winners and losers.
- 11/08/2024
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Old Dominion Sets Freight Standard As Rivals Trail Behind
- Old Dominion Freight Line Inc ODFL just reaffirmed its status as the gold standard in less-than-truckload (LTL) freight, according to JPMorgan analyst Brian Ossenbeck, who recently pored over insights from the 2024 Mastio Survey.
- 11/08/2024
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The Trump Dip - Here's What I'm Buying To Improve My Dividend Portfolio
- My portfolio gained significantly post-election, driven by industrial and energy stocks, while REITs and tariff-prone companies faced pressure from rising rates and trade uncertainties. I see value in stocks like Canadian Pacific and select REITs, which were sold off prematurely due to investor overreaction. Regardless of political changes, my focus remains on building a resilient portfolio with reliable income through value investments and all-weather stocks.
- 11/08/2024
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Old Dominion Freight Line Announces Partnership with Folds of Honor
- THOMASVILLE, N.C.--(BUSINESS WIRE)--Old Dominion Freight Line (OD) is proud to announce its partnership with Folds of Honor, a non-profit organization dedicated to providing educational scholarships to families of fallen or disabled US service members and first responders. OD's corporate donation will be directed to providing scholarship funding for students pursuing education in supply chain management, operations, transportation, or obtaining their commercial driver's license (CDL). In aligni.
- 11/08/2024
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Old Dominion: A Classy Operator But Not Quite Cheap Enough
- Old Dominion Freight Line is a cut above its competitors in LTL trucking, with 99% on-time delivery, 0.1% loss ratio and winning best national carrier 15 times in a row. This superiority is borne out in the financials with superior margins and ROIC, and a strong balance sheet. With plenty of room to grow and a successful culture powering constant improvement, the company has a bright future, notwithstanding normal cyclicality.
- 10/24/2024
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Old Dominion Freight Line, Inc. (ODFL) Q3 2024 Earnings Call Transcript
- Old Dominion Freight Line, Inc. (NASDAQ:ODFL ) Q3 2024 Earnings Conference Call October 23, 2024 10:00 AM ET Company Participants Jack Atkins - Director of Investor Relations Kevin Freeman - President and Chief Executive Officer Adam Satterfield - Executive Vice President and Chief Financial Officer Conference Call Participants Eric Morgan - Barclays Jason Seidl - TD Cowen Daniel Imbro - Stephens Inc. Scott Group - Wolfe Research Jordan Alliger - Goldman Sachs Jonathan Chappell - Evercore ISI Ken Hoexter - Bank of America Ravi Shanker - Morgan Stanley Chris Wetherbee - Wells Fargo Brian Ossenbeck - JPMorgan Ariel Rosa - Citigroup Stephanie Moore - Jefferies Bascome Majors - Susquehanna Thomas Wadewitz - UBS Bruce Chan - Stifel Jeffrey Kauffman - Vertical Research Partners Operator Good day and welcome to the Old Dominion Freight Line Third Quarter 2024 Earnings Conference Call. All participants will be in listen-only mode.
- 10/23/2024
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Old Dominion's Q3 Earnings Match Estimates, Decrease Year Over Year
- ODFL's revenues decline 3% year over year for the third quarter of 2024.
- 10/23/2024
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Old Dominion (ODFL) Reports Q3 Earnings: What Key Metrics Have to Say
- The headline numbers for Old Dominion (ODFL) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
- 10/23/2024
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Old Dominion Freight Line (ODFL) Q3 Earnings Match Estimates
- Old Dominion Freight Line (ODFL) came out with quarterly earnings of $1.43 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $1.55 per share a year ago.
- 10/23/2024
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Old Dominion Freight Line Faces Sluggish Industrial Demand, Analyst Downgrades Stock
- Old Dominion Freight Line, Inc. ODFL shares are trading slightly lower on Friday. BMO Capital Markets analyst Fadi Chamoun downgraded the company to Market Perform from Outperform and lowered the price target to $210 from $214.
- 10/18/2024
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Old Dominion (ODFL) Q3 Earnings on the Horizon: Analysts' Insights on Key Performance Measures
- Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Old Dominion (ODFL), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended September 2024.
- 10/18/2024
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Old Dominion Gears Up for Q3 Earnings: What's in Store?
- Old Domain's third-quarter performance is expected to have been adversely impacted by a weak freight market scenario.
- 10/17/2024
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Analysts Estimate Old Dominion Freight Line (ODFL) to Report a Decline in Earnings: What to Look Out for
- Old Dominion (ODFL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 10/16/2024
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Old Dominion Freight Line Named #1 National LTL Carrier for Quality by Mastio & Company for 15th Consecutive Year
- THOMASVILLE, N.C.--(BUSINESS WIRE)--Old Dominion Freight Line, Inc. (OD), a leading less-than-truckload (LTL) motor carrier, has been named the #1 National LTL Carrier for Quality by Mastio & Company for an unprecedented 15th consecutive year. The comprehensive industry study of LTL carriers ranked OD as the top carrier for quality according to logistics professionals surveyed on carrier performance for 15 straight years, dating back to 2010. Mastio & Company conducts an annual independ.
- 10/16/2024
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My Top 15 High Growth Dividend Stocks For October 2024
- The SPDR S&P 500 ETF Trust posted a gain of 2.10% in September as it continues marching on in 2024. The Top 15 dividend growth stocks for October 2024 offer an average dividend yield of 1.05% and appear to be about 20% undervalued based on dividend yield theory.
- 10/03/2024
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Here's Why Investors Should Give ODFL Stock a Miss Now
- Freight market downturn hurts Old Dominion's top line. Elevated operating expenses do not bode well for the company.
- 09/26/2024
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Old Dominion Freight Line to Webcast Third Quarter 2024 Conference Call
- THOMASVILLE, N.C.--(BUSINESS WIRE)--Old Dominion Freight Line, Inc. (Nasdaq: ODFL) announced today that it plans to release its third quarter 2024 financial results before opening of trading on Wednesday, October 23, 2024. 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 23, 2024. An online, real-time webcast of Old Dominion's quarterly conference call will be available at ir.odfl.com on Wednesday, Octob.
- 09/25/2024
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Old Dominion Stock Down 8% in Six Months: What's Next for Investors?
- As ODFL grapples with multiple challenges, we assess the investment worthiness of the stock at current levels.
- 09/18/2024
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Big Bets: The 5 New Dividend Stocks I Bet The House On This Year
- This year, I made bold investment moves by pouring almost all my funds into five promising dividend stocks. It was a high-risk, high-reward strategy. I chose these stocks based on their strong financials, attractive dividend yields, and growth potential. The aim was to maximize returns over time. Though these bets come with risk, I believe in the long-term value of these picks. I'll closely monitor their performance to adjust as needed.
- 09/10/2024
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Old Dominion Posts Weak LTL Unit Performance for August
- ODFL's revenue per day fell 5.2% year over year in August 2024, owing to a 6.1% decrease in LTL tons per day.
- 09/05/2024
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Bull Market Millionaires: 3 Dividend Stocks To Build A Fortune
- Investors with stock market exposure are thriving, widening the wealth gap as market valuations soar. Meanwhile, many struggle with inflation and rates. Despite high valuations and elevated sentiment, I'm focused on dividend stocks that offer strong growth potential and financial resilience. By targeting quality companies with robust business models, I'm strategically building my portfolio to reach long-term financial goals amidst market risks.
- 09/05/2024
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Old Dominion Freight Line Provides Update for Third Quarter 2024
- THOMASVILLE, N.C.--(BUSINESS WIRE)--Old Dominion Freight Line, Inc. (Nasdaq: ODFL) today reported certain less-than-truckload (“LTL”) operating metrics for August 2024. Revenue per day decreased 5.2% as compared to August 2023 due to a 6.1% decrease in LTL tons per day that was partially offset by an increase in LTL revenue per hundredweight. The change in LTL tons per day was attributable to a 5.0% decrease in LTL shipments per day and a 1.1% decrease in LTL weight per shipment. For the quarte.
- 09/04/2024
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Old Dominion University Unveils the Ellmer College of Health Sciences' New Home
- The three-story, state-of-the-art facility serves as a gateway for experiential learning, research and two public-facing clinics. The three-story, state-of-the-art facility serves as a gateway for experiential learning, research and two public-facing clinics.
- 09/04/2024
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My Top 15 High Growth Dividend Stocks For September 2024
- The SPDR S&P 500 ETF Trust posted a 2.34% gain in August, underperforming Vanguard's Dividend Appreciation Index Fund ETF Shares by +3.32%. The top 15 dividend growth stocks for September 2024 offer an average dividend yield of 1.23% and appear to be about 26% undervalued based on dividend yield theory. Since its inception in September 2020, the watchlist has achieved a 12.93% annualized return.
- 09/03/2024
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Why Is Old Dominion (ODFL) Down 2.3% Since Last Earnings Report?
- Old Dominion (ODFL) reported earnings 30 days ago. What's next for the stock?
- 08/23/2024
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Here's Why Investors Should Avoid Old Domain (ODFL) Stock Now
- Old Domain (ODFL) is grappling with elevated operating costs. Weakness in the economy also does not bode well for the company.
- 08/21/2024
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Why Old Dominion Freight Line Stock Hit the Accelerator in July
- Old Dominion topped quarterly earnings expectations despite a continued soft operating environment. It could take a while for the trucking slump to end, but Old Dominion is well positioned to survive and thrive when demand improves.
- 08/02/2024
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The Top 3 Transportation Stocks to Buy Now: Summer 2024
- Many investors find transportation stocks unique due to their inherent qualities and vital role in the economy. Whether it's people or goods, transportation is a fundamental service with demand that tends to be resilient, even in softer markets.
- 08/02/2024
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My Top 15 High-Growth Dividend Stocks For August 2024
- The SPDR S&P 500 ETF Trust posted a 1.21% gain in July, underperforming Vanguard's Dividend Appreciation Index Fund ETF Shares by +3.97%. The top 15 dividend growth stocks for August 2024 offer an average dividend yield of 1.49% and appear to be about 28% undervalued based on dividend yield theory. Since its inception in September 2020, the watchlist has achieved a 12.25% annualized return.
- 08/02/2024
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3 Industrial Stocks to Sell Before You Regret It
- Investors are getting excited about the changing monetary policy outlook. Fed Chairman Jerome Powell recently signaled that interest rate cuts are likely coming as soon as September.
- 08/01/2024
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Old Dominion: The Dividend Growth Stock That Keeps On Giving
- Old Dominion Freight Lines (ODFL) is a top dividend growth stock, excelling in the less-than-truckload ("LTL") segment with remarkable efficiency and service. In 2Q24, ODFL showcased strong pricing power, improved volumes, and a lowered operating ratio, reflecting its operational excellence and strategic investments. With minimal debt, proactive buybacks, and impressive dividend growth, ODFL stands out as a resilient investment, poised for long-term gains in any market condition.
- 07/28/2024
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Old Dominion, Jon Pardi and Megan Moroney Set to Take the Stage at the 35th Annual St. Jude Country Cares Seminar
- MEMPHIS, Tenn.--(BUSINESS WIRE)--6x ACM Award Group of Year Old Dominion will receive the 2024 Angels Among Us Award this October for outstanding commitment and service to the mission of St. Jude Children's Research Hospital®: Finding cures. Saving children.® Old Dominion joins an illustrious group of past recipients including Randy Owen, Brothers Osborne, Scotty McCreery, Florida Georgia Line, Lady A, Jake Owen, Brad Paisley and Darius Rucker. "It's truly humbling to be awarded the Angels Amon.
- 07/24/2024
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Old Dominion Earnings Growth Back in Double-Digits
- Earnings per share (EPS) of $1.48 beats analyst consensus estimates. Total revenue of $1.498 billion misses the estimate of $1.499 billion.
- 07/24/2024
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Old Dominion (ODFL) Q2 Earnings Beat Estimates, Rise Y/Y
- Old Dominion's (ODFL) revenues increase by 6..1% year over year in Q2.
- 07/24/2024
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Old Dominion (ODFL) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
- The headline numbers for Old Dominion (ODFL) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
- 07/24/2024
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Old Dominion Freight Line (ODFL) Tops Q2 Earnings Estimates
- Old Dominion Freight Line (ODFL) came out with quarterly earnings of $1.48 per share, beating the Zacks Consensus Estimate of $1.45 per share. This compares to earnings of $1.33 per share a year ago.
- 07/24/2024
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Old Dominion Freight Line Reports Second Quarter 2024 Earnings Per Diluted Share of $1.48
- THOMASVILLE, N.C.--(BUSINESS WIRE)--Old Dominion Freight Line, Inc. (Nasdaq: ODFL) today announced financial results for the three-month and six-month periods ended June 30, 2024. All prior-period share and per share data in this release have been adjusted to reflect the Company's March 2024 two-for-one stock split. Three Months Ended Six Months Ended June 30, June 30, (In thousands, except per share amounts) 2024 2023 % Chg. 2024 2023 % Chg. Total revenue $ 1,.
- 07/24/2024
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Winning With Trump: My Top Dividend Picks For Your Portfolio
- As the 2024 General Election nears, it's essential to understand the potential impact of a Trump presidency on our portfolios without bias. Trump's policies could affect sectors like energy, agriculture, and healthcare, shaping the broader economic landscape significantly. By staying informed and adaptable, we can better navigate these uncertain times and enhance our chances of success.
- 07/20/2024
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Betting The Farm - These 6 Dividend Stocks Dominate Our Family's Portfolios
- I focus on long-term investments, emphasizing macroeconomic insights and actionable stock ideas. My portfolio is built on high-conviction, rarely-sold stocks. Investing for decades, I follow Howard Marks' wisdom: predicting the future is impossible, so focus on businesses with strong long-term growth potential. My top picks span energy, transportation, and geopolitically-influenced sectors, chosen for their resilience and unique advantages, aiming for sustained shareholder value.
- 07/19/2024
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Old Dominion Freight Line (ODFL) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
- Old Dominion (ODFL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 07/17/2024
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Old Dominion (ODFL) Gears Up for Q2 Earnings: What's in Store?
- Old Dominion's (ODFL) second-quarter 2024 results are likely to be aided by low costs.
- 07/17/2024
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Here's Why You Should Avoid Old Domain Freight Line (ODFL)
- Old Domain Freight Line (ODFL) grapples with elevated operating costs. Weakness in the economy also does not bode well for the company.
- 07/09/2024
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Macon & Joan Brock Virginia Health Sciences at Old Dominion University Launches
- Virginia's largest and most complex academic health sciences center offers more than 50 academic programs Virginia's largest and most complex academic health sciences center offers more than 50 academic programs
- 07/08/2024
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Strong Buys - The 4 Dividend Gems I Trust With A Third Of My Net Worth
- I discuss key investment ideas on Seeking Alpha daily, emphasizing dividend growth opportunities and big-picture developments that impact portfolios. I hold just 22 stocks, emphasizing my best ideas for a concentrated portfolio. This article spotlights four top investments, which form 30% of my net worth. These high-conviction picks span critical sectors like energy, defense, and transportation. Each is chosen for potential market outperformance and consistent dividend growth.
- 07/08/2024
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My Top 15 High-Growth Dividend Stocks For July 2024
- The SPDR S&P 500 ETF Trust had a 3.53% gain in June, outperforming Vanguard's Dividend Appreciation Index Fund ETF Shares, +1.41%. The top 15 dividend growth stocks for July 2024 offer an average dividend yield of 1.56% and appear to be about 31% undervalued based on dividend yield theory. Since its inception in September 2020, the watchlist has achieved an 11.07% annualized return.
- 07/07/2024
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Old Dominion Freight Line: One Of My Favorite Dividend Growth Stocks Could Take Off
- Old Dominion Freight Line, Inc. is a standout in the trucking industry with unique strengths in the less-than-truckload segment. Impressive growth, efficient operations, and strong financials have positioned Old Dominion Freight Line for continued success despite the recent stock price dip. Potential demand recovery could lead to strong returns and dividend growth, making Old Dominion Freight Line stock a promising investment opportunity.
- 07/02/2024
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This Stock-Split Stock Is Up 269% Over the Past 5 Years. Here's Why It's a Buy Today.
- Old Dominion has room to raise its dividend. Old Dominion stock has been on a decade-long tear, but still has room to run.
- 06/29/2024
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Old Dominion Freight Line to Webcast Second Quarter 2024 Conference Call
- THOMASVILLE, N.C.--(BUSINESS WIRE)--Old Dominion Freight Line, Inc. (Nasdaq: ODFL) announced today that it plans to release its second quarter 2024 financial results before opening of trading on Wednesday, July 24, 2024. The Company will also hold a conference call to discuss its financial results and outlook at 10:00 a.m. (Eastern Time) on Wednesday, July 24, 2024. An online, real-time webcast of Old Dominion's quarterly conference call will be available at ir.odfl.com on Wednesday, July 24, 2.
- 06/26/2024
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Stock Picking Was 'Never' More Attractive: 3 Terrific Dividend Stocks To Buy
- Today's market is tough, with S&P 500 gains concentrated in a few stocks, raising diversification concerns and questioning long-term sustainability. Future growth is expected in sectors like healthcare and consumer discretionaries, making stock picking more attractive amid anticipated market shifts. I highlight three top picks with strong business models and high growth potential, poised to outperform the market in the years ahead.
- 06/24/2024
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Silence is Golden: 3 Overlooked Stocks Quietly Minting Millionaires
- We all know the headline stocks are running up the score when we look for stocks to buy. Nvidia (NASDAQ: NVDA ), Super Micro Computer (NASDAQ: SMCI ), and even Carvana (NASDAQ: CVNA ) have all turned in phenomenal performances over the past year that likely minted more than a few new millionaires.
- 06/20/2024
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3 Industrial Stocks Gearing Up for Sky-High Growth
- The market's recent focus on technology giants has led to relatively narrow growth. Record highs in indices have been due to a small group of companies outperforming.
- 06/11/2024
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2 No-Brainer Industrial Stocks to Buy With $200 Right Now
- Old Dominion Freight Lines' consistent profitability and strategic growth investments make it a resilient and promising long-term investment. Boeing's substantial backlog and proactive quality improvements indicate significant potential for recovery and future growth.
- 06/08/2024
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Old Dominion University and Eastern Virginia Medical School Commemorate Integration at Community Celebration with Historic Investments and Name Unveilings
- NORFOLK, Va, June 07, 2024 (GLOBE NEWSWIRE) -- Old Dominion University (ODU) and Eastern Virginia Medical School (EVMS) hosted a community celebration at Hilton Norfolk The Main on June 7 to commemorate the integration of EVMS into ODU. The celebration is a direct result of a community-inspired and collaboratively led journey to provide increased levels of support and visibility to EVMS and followed a more than two-year extensive planning process that involved hundreds of people from both campuses, as well as key partners, including the Commonwealth of Virginia and Sentara Health.
- 06/07/2024
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Why Old Dominion Stock Is Decelerating Today
- Old Dominion May revenue and shipments per day are on the rise, implying the worst might be over after a difficult period for transportation stocks. But the company's numbers are not as impressive as those of a rival.
- 06/06/2024
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Old Dominion (ODFL) Posts LTL Unit Performance for May
- Old Dominion's (ODFL) revenue per day improves 5.6% year over year in May 2024 due to an increase in LTL revenue per hundredweight.
- 06/06/2024
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Old Dominion Freight Line Provides Update for Second Quarter 2024
- THOMASVILLE, N.C.--(BUSINESS WIRE)--Old Dominion Freight Line, Inc. (Nasdaq: ODFL) today reported certain less-than-truckload (“LTL”) operating metrics for May 2024. Revenue per day increased 5.6% as compared to May 2023 due to a 1.5% increase in LTL tons per day and an increase in LTL revenue per hundredweight. The change in LTL tons per day was attributable to a 2.3% increase in LTL shipments per day that was partially offset by a 0.7% decrease in LTL weight per shipment. For the quarter-to-d.
- 06/05/2024
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3 Truck Stocks to Keep an Eye On in a Challenging Industry
- The Zacks Industry Rank for the Transportation-Truck industry paints a dull picture, mainly owing to the slowdown in freight demand. We believe stocks like ODFL, MRTN and PTSI are better positioned to escape industry challenges.
- 06/05/2024
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The 2 Most Important Charts I Want (Dividend) Investors To See
- Recent data indicates a heightened risk of stagflation, with slowing economic growth and persistent inflation. This poses challenges for the economy and portfolios, but also presents opportunities to buy beaten-down stocks with strong pricing power and growth potential. My focus remains on resilient dividend growth stocks and sectors like energy and healthcare, which are well-positioned for these conditions.
- 06/05/2024
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Why Saia and Old Dominion Stocks Are in the Fast Lane Today
- Shares of a number of truckers are up thanks to a Saia operational update that showed a strong year-over-year jump in demand. Investors have been waiting for signs that a down cycle in the sector has bottomed out.
- 06/04/2024
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The 4 Factor Dividend Growth Strategy - Cooling Off In The Second Half Of Fiscal Year 2
- The 4-factor dividend growth portfolio is a strategy that leverages the stock selection process of Schwab U.S. Dividend Equity ETF with a few minor twists. The portfolio gained 1.28% in May, trailing the S&P 500 by 3.68%. Since its inception, the portfolio has generated 0.11% of alpha over the S&P 500 and 16.15% of alpha over SCHD on an annualized basis.
- 06/04/2024
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My Top 15 High Growth Dividend Stocks For June 2024
- The SPDR S&P 500 ETF Trust had a 5.06% gain in May, outperforming Vanguard's Dividend Appreciation Index Fund ETF Shares, +3.33%. The top 15 dividend growth stocks for June 2024 offer an average dividend yield of 1.37% and appear to be about 28% undervalued based on dividend yield theory. Since its inception in September 2020, the watchlist has achieved an 11.12% annualized return, beating VIG by 0.10% but trailing SPY by 2.18%.
- 06/03/2024
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A New Portfolio Addition! I Just Bought These 2 Dividend Growers
- I recently added two stocks (one new addition) to my dividend growth portfolio, bringing the total to 21 stocks in 12 different industries. The S&P 500 is currently trading at a high valuation, which makes finding undervalued stocks challenging. It's also supported by a small number of stocks, indicating a lack of breadth. I bought two transportation companies, with one of them being the leader in a highly fragmented industry with a lot of long-term growth potential.
- 06/03/2024
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3 Low-Priced Stocks Poised for a 30% Breakout
- The stock market might be at an all-time high, but that doesn't mean there aren't bargains to be found. Many great companies have stocks that are on sale right now and ripe for the picking.
- 05/30/2024
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Old Dominion (ODFL) Rides on Dividends & Buyback, Costs Ail
- Consistent shareholder-friendly measures bode well for Old Dominion (ODFL). However, high capital expenditures are concerning as they are likely to keep the bottom line under pressure.
- 05/28/2024
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Why Is Old Dominion (ODFL) Down 12.8% Since Last Earnings Report?
- Old Dominion (ODFL) reported earnings 30 days ago. What's next for the stock?
- 05/24/2024
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Old Dominion Freight Line Announces $0.26 Per Share Quarterly Cash Dividend
- THOMASVILLE, N.C.--(BUSINESS WIRE)--Old Dominion Freight Line, Inc. (Nasdaq: ODFL) today announced that its Board of Directors has declared a quarterly cash dividend of $0.26 per share of common stock, payable on June 19, 2024, to shareholders of record at the close of business on June 5, 2024. After giving effect to the Company's March 2024 two-for-one stock split, this dividend payment represents a 30% increase to the quarterly cash dividend paid in June 2023. Forward-looking statements in th.
- 05/20/2024
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The 4 Factor Dividend Growth Strategy - Minor Turbulence In April
- The 4-factor dividend growth portfolio is a strategy that leverages the stock selection process of Schwab U.S. Dividend Equity ETF with a few minor twists.
- 05/04/2024
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My Top 15 High Growth Dividend Stocks For May 2024
- The SPDR S&P 500 ETF Trust had a 4.03% loss in April, slightly outperforming Vanguard's Dividend Appreciation Index Fund ETF Shares, -4.13%.
- 05/03/2024
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S&P Stocks To Trade In May
- For this month, the cycle/relative strength concept is applied. First, the S&P 500 stocks are ranked from the best performer to the worst by calculating the expected return in that month.
- 05/02/2024
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9 Stocks Can Make You Rich In May While Others Flee
- May is here. Tempted to sell your S&P 500 stocks and go away until November?
- 05/01/2024
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Old Dominion Freight Line: The Dividend Growth Stock That Keeps On Winning
- Old Dominion Freight Line is a compelling choice for both dividend and growth investors due to its impressive track record of organic growth and efficient operations. The company has a resilient growth strategy, consistently expanding its market share despite intense industry competition. ODFL's strong financials, including a healthy balance sheet and robust free cash flow generation, support its ability to navigate economic challenges and pursue strategic growth.
- 04/30/2024
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Why Old Dominion Freight Line Stock Crashed on Wednesday
- Old Dominion Freight Line hit its numbers for sales and earnings this morning -- but investors are still upset. Analysts have been forecasting 20%-plus growth rates for the company, but this quarter Old Dominion grew earnings just 4%.
- 04/24/2024
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Old Dominion (ODFL) Q1 Earnings Beat Estimates, Rise Y/Y
- Old Dominion's (ODFL) Q1 revenues increase 1.2% year over year.
- 04/24/2024
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Here's What Key Metrics Tell Us About Old Dominion (ODFL) Q1 Earnings
- Although the revenue and EPS for Old Dominion (ODFL) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
- 04/24/2024
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Old Dominion Freight Line Reports First Quarter 2024 Earnings Per Diluted Share of $1.34
- THOMASVILLE, N.C.--(BUSINESS WIRE)--Old Dominion Freight Line, Inc. (Nasdaq: ODFL) today announced financial results for the three-month period ended March 31, 2024. All prior-period share and per share data in this release have been adjusted to reflect the Company's March 2024 two-for-one stock split. Three Months Ended March 31, (In thousands, except per share amounts) 2024 2023 % Chg. Total revenue $ 1,460,073 $ 1,442,136 1.2 % LTL services revenue $ 1,446,7.
- 04/24/2024
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3 High-Quality Stocks That Will Never Put You in the Red
- Every portfolio needs a solid foundation of high-quality stocks that can provide steady returns through all market environments. While I often discuss more speculative growth and penny stock plays in my articles that some view as high-risk, high-reward bets, the core of your portfolio should revolve around a select few tried-and-true companies.
- 04/23/2024
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Old Dominion (ODFL) Q1 Earnings on the Horizon: Analysts' Insights on Key Performance Measures
- Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Old Dominion (ODFL), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended March 2024.
- 04/19/2024
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Why Old Dominion Freight Line Stock Is Falling Today
- Old Dominion and other truckers are falling today following an earnings miss from J.B. Hunt. Hunt, who is considered a good operator, was hit with soft demand and rising costs in the quarter.
- 04/17/2024
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Old Dominion (ODFL) Gears Up for Q1 Earnings: What's in Store?
- Revenues are likely to have been weak at Old Dominion (ODFL) in Q1 due to the downturn with respect to freight demand.
- 04/17/2024
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Old Dominion Freight Line (ODFL) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
- Old Dominion (ODFL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 04/17/2024
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Steering Your Portfolio: 3 Transportation Stocks in the Fast Lane
- Planes, trains and automobiles. They're what makes the world go round and they drive businesses large and small.
- 04/16/2024
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7 Stable Stocks for 50% Returns by Early 2025
- Investors who seek 50% returns in less than 12 months generally will have many choices within stable stocks. The general maxim regarding risk and return applies here: Risky, unstable stocks tend to offer much higher return potential.
- 04/15/2024
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Old Dominion Freight Line to Webcast First Quarter 2024 Conference Call
- THOMASVILLE, N.C.--(BUSINESS WIRE)--Old Dominion Freight Line, Inc. (Nasdaq: ODFL) announced today that it plans to release its first quarter 2024 financial results before opening of trading on Wednesday, April 24, 2024. The Company will also hold a conference call to discuss its financial results and outlook at 10:00 a.m. (Eastern Time) on Wednesday, April 24, 2024. An online, real-time webcast of Old Dominion's quarterly conference call will be available at ir.odfl.com on Wednesday, April 24,.
- 03/27/2024
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Here's Why You Should Avoid Old Dominion (ODFL) Stock Now
- High capex is likely to weigh on Old Dominion's (ODFL) bottom line.
- 03/18/2024
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Old Dominion (ODFL) Posts LTL Unit Performance for February
- Old Dominion's (ODFL) revenue per day improved 1.2% year over year in February 2024, owing to an increase in LTL revenue per hundredweight.
- 03/07/2024
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Why Old Dominion Freight Line Stock Is Down Today
- Old Dominion's February stats continued to reflect demand softness. The company is doing what it can to manage through a weak environment, but its upside is limited until its customers start shipping more goods.
- 03/05/2024
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My Top 15 High Growth Dividend Stocks For March 2024
- The SPDR S&P 500 ETF Trust had a 5.22% return in February, outperforming Vanguard's Dividend Appreciation Index Fund ETF Shares.
- 03/03/2024
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A Bull Market Is Here: 1 Stock-Split Growth Stock Up 48,400% Since 2000 to Buy and Hold Forever
- Old Dominion's upcoming 7th stock split in 21 years is evidence of it being a winner that keeps winning. It is the largest pure-play investment in its trucking niche, and its moat continues to grow.
- 03/02/2024
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Old Dominion (ODFL) Up 12.8% Since Last Earnings Report: Can It Continue?
- Old Dominion (ODFL) reported earnings 30 days ago. What's next for the stock?
- 03/01/2024
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27 Upcoming Dividend Increases Including A Dividend King
- A new list of 27 new dividend increases, including King Kimberly-Clark and three other champions.
- 02/29/2024
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Trucking Industry Rises 12.5% in 3 Months: More Room to Run?
- Consistent shareholder-friendly initiatives bode well for stocks like KNX, ODFL, JBHT and LSTR in the trucking industry.
- 02/22/2024
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4 Factor Dividend Growth Portfolio - Holding Steady
- The 4-factor dividend growth portfolio is a strategy that leverages the stock selection process of Schwab U.S. Dividend Equity ETF, with a few minor twists. The portfolio returned -2.01% in January, underperforming the S&P 500 by 3.69%.
- 02/05/2024
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3 high-quality dividend growers to buy on the dip
- Dividend growth stocks are attractive for many reasons, including their payments, increasing yield on capital, and insulation from market volatility, but there is a catch. These buy-and-hold names span all sectors but often come with higher-than-average valuations and lower-than-average yields, so buying them when the price is down is important.
- 02/02/2024
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Old Dominion (ODFL) Beats on Q4 Earnings, Hikes Dividend
- Old Dominion's (ODFL) fourth-quarter revenues increase marginally year over year.
- 01/31/2024
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Compared to Estimates, Old Dominion (ODFL) Q4 Earnings: A Look at Key Metrics
- Although the revenue and EPS for Old Dominion (ODFL) give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
- 01/31/2024
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Old Dominion Freight Line (ODFL) Q4 Earnings Top Estimates
- Old Dominion Freight Line (ODFL) came out with quarterly earnings of $2.94 per share, beating the Zacks Consensus Estimate of $2.86 per share. This compares to earnings of $2.92 per share a year ago.
- 01/31/2024
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Old Dominion (ODFL) Gears Up for Q4 Earnings: What's in Store?
- Old Dominion's (ODFL) fourth-quarter 2023 earnings are likely to have plunged from the year-ago levels.
- 01/29/2024
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Unveiling Old Dominion (ODFL) Q4 Outlook: Wall Street Estimates for Key Metrics
- Get a deeper insight into the potential performance of Old Dominion (ODFL) for the quarter ended December 2023 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
- 01/26/2024
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Our Top 10 Dividend Growth Stocks - January 2024
- This article focuses on selecting high-growth dividend stocks that have rapidly grown their dividends in the recent past rather than simply sport a high current yield. We use our proprietary models to rate quantitatively and qualitatively and select the top ten names from an initial list of nearly 400 dividend stocks. The article provides criteria for selecting high-growth dividend stocks. It offers a step-by-step guide on structuring a portfolio based on this strategy.
- 01/20/2024
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7 Steadfast Stocks That Are Unaffected by Interest Rate Changes
- Investors have been preoccupied with interest rates over the past year. The Federal Reserve raised interest rates at its fastest rate in many years.
- 01/17/2024
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Keep Your Eye On These 5 Dividend-Growth Masters
- As inflation calms down, these dividend stocks are going to fire up. I'm talking about five stocks with payouts popping between 33% and 100% per year.
- 01/15/2024
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Will Old Dominion (ODFL) Beat Estimates Again in Its Next Earnings Report?
- Old Dominion (ODFL) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
- 01/04/2024
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Old Dominion Freight Line to Webcast Fourth Quarter and Year-End 2023 Conference Call
- THOMASVILLE, N.C.--(BUSINESS WIRE)--Old Dominion Freight Line, Inc. (Nasdaq: ODFL) announced today that it plans to release its fourth quarter and year-end 2023 financial results before opening of trading on Wednesday, January 31, 2024. The Company will also hold a conference call to discuss its financial results and outlook at 10:00 a.m. (Eastern Time) on Wednesday, January 31, 2024. An online, real-time webcast of Old Dominion's quarterly conference call will be available at ir.odfl.com on We.
- 01/03/2024
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3 Truck Stocks to Keep an Eye on Despite Industry Weakness
- The Zacks Industry Rank for the Transportation-Truck industry paints a dull picture mainly due to the slowdown in freight demand. We believe that stocks like ODFL, KNX and ARCB are better positioned to escape industry challenges.
- 12/21/2023
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Our Top 10 Dividend Growth Stocks - December 2023
- We focus on selecting high-growth dividend stocks that have rapidly grown their dividends in the recent past rather than a high current yield. We use our proprietary models to rate quantitatively and qualitatively and select the top ten names from an initial list of nearly 400 dividend stocks. We provide criteria for selecting high-growth dividend stocks and offer a step-by-step guide on structuring a portfolio based on this strategy.
- 12/16/2023
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Old Dominion (ODFL) Posts LTL Unit Performance for November
- Old Dominion's (ODFL) revenue per day fell nearly 1% year over year in November 2023 due to a 2.3% decrease in LTL tons per day.
- 12/07/2023
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'Ten-bagger' stocks are the 'holy grail': Strategist
- As Wall Street weighs whether markets can sustain November's rally, investors are spotting opportunities. eToro Global Markets Strategist Ben Laidler joined Yahoo Finance Live to analyze high-growth "ten-bagger" stocks, which he calls "the holy grail for any investor.
- 12/06/2023
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Gasoline Prices Take a Dive: A Boon for Drivers and Investors
- With gasoline prices expected to stay relatively low all holiday season, stocks like HLT, VAC and ODFL could benefit.
- 11/28/2023
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Trucking Industry Up 29% Year to Date: More Room to Run?
- Improvement in freight demand, a decline in fuel prices and consistent shareholder-friendly initiatives bode well for the stocks in the trucking industry.
- 11/21/2023
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Here's Why Investors Should Retain Old Dominion (ODFL) Stock
- Old Dominion (ODFL) is hurt by lackluster freight-demand scenario. Efforts to reward its shareholders are, however, praiseworthy.
- 11/20/2023
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4 Factor Dividend Growth Portfolio: Year One Is On The Books
- The 4-factor dividend growth portfolio is a strategy that leverages the stock selection process of Schwab U.S. Dividend Equity ETF, with a few minor twists. The portfolio fell by 3.07% in October, underperforming the S&P 500 by 0.97%. Year-to-date, the portfolio is up 3.61%.
- 11/06/2023
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5 Relatively Secure And Cheap Dividend Stocks To Invest In - November 2023
- This article is part of our monthly series where we highlight five large-cap, relatively safe, dividend-paying companies offering large discounts to their historical norms. We go over our filtering process to select just five conservative DGI stocks from more than 7,500 companies that are traded on U.S. exchanges, including OTC networks. In addition to the primary list that yields just over 3%, we present two other groups of five DGI stocks each, with the goal of moderate to high yields.
- 11/04/2023
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Best High Growth Dividend Stocks - From The 4 Factor Strategy
- The 4 factor dividend growth strategy aims to blend the ease of investing in an ETF with the appeal of holding individual stocks. The strategy focuses on high-quality companies with above-average dividend yields to generate market-beating returns. The strategy has shown mixed results so far, outperforming the market in some months but underperforming in others.
- 10/26/2023
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Old Dominion CEO Marty Freeman on Q3 earnings: The stock should bounce back
- Marty Freeman, CEO at Old Dominions, joins 'Squawk on the Street' to discuss the company's latest quarter, why he believes the stock should bounce back, and more.
- 10/26/2023
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Old Dominion CEO Marty Freeman: The stock should bounce back
- Marty Freeman, CEO at Old Dominions, joins ‘Squawk on the Street' to discuss the company's latest quarter, why he believes the stock should bounce back, and more.
- 10/26/2023
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Old Dominion (ODFL) Q3 Earnings & Revenues Surpass Estimates
- Old Dominion's (ODFL) third-quarter 2023 earnings and revenues decline year over year.
- 10/25/2023
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Old Dominion Freight Line, Inc. (ODFL) Q3 2023 Earnings Call Transcript
- Old Dominion Freight Line, Inc. (NASDAQ:ODFL ) Q3 2023 Earnings Conference Call October 25, 2023 10:00 AM ET Company Participants Drew Andersen - Investor Relations Kevin Freeman - President and Chief Executive Officer Adam Satterfield - Executive Vice President of Finance and Chief Financial Officer Conference Call Participants Allison Poliniak - Wells Fargo Securities, LLC Jack Atkins - Stephens Inc. Ravi Shanker - Morgan Stanley Christian Wetherbee - Citigroup Inc. Scott Group - Wolfe Research, LLC Amit Mehrotra - Deutsche Bank Jonathan Chappell - Evercore ISI Thomas Wadewitz - UBS Jordan Alliger - Goldman Sachs Group Eric Morgan - Barclays Bank PLC Kenneth Hoexter - Bank of America Merrill Lynch Bascome Majors - Susquehanna Financial Group Bruce Chan - Stifel, Nicolaus & Company Stephanie Moore - Jefferies Operator Good morning, and welcome to the Old Dominion Freight Line Third Quarter 2023 Earnings Conference Call. All participants will be in a listen-only mode.
- 10/25/2023
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Old Dominion Freight Line (ODFL) Q3 Earnings and Revenues Top Estimates
- Old Dominion Freight Line (ODFL) came out with quarterly earnings of $3.09 per share, beating the Zacks Consensus Estimate of $2.89 per share. This compares to earnings of $3.36 per share a year ago.
- 10/25/2023
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Our Top 10 Picks For Dividend Growth Stocks - October 2023
- We pick high-growth dividend stocks that have rapidly grown their dividends in the recent past rather than offering a high current yield. We use our proprietary models to rate quantitatively and qualitatively and select the top ten names from an initial list of nearly 400 dividend stocks. We provide criteria for selecting high-growth dividend stocks, offering a step-by-step guide on structuring a portfolio based on this strategy.
- 10/21/2023
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Old Dominion Freight Line (ODFL) Is Up 1.05% in One Week: What You Should Know
- Does Old Dominion Freight Line (ODFL) have what it takes to be a top stock pick for momentum investors? Let's find out.
- 10/11/2023
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Old Dominion: Why This Dividend Grower Should Be On Your Radar
- Old Dominion has a 3 & 5-year dividend growth rate of 38.33% and 35.64% respectively. The company has grown its revenues & net income at a CAGR of 12.8% over the past two decades. They also have a very low Net debt to EBITDA making them well-prepared to navigate a higher for longer interest rate environment.
- 10/03/2023
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Here's Why Investors Should Add GATX Stock to Portfolio Now
- Gradual improvement in railcar leasing market is aiding GATX stock.
- 09/29/2023
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Is the Grinch Stealing This Year's Holiday Season Jobs?
- United Parcel Service Inc. NYSE: UPS is among logistics companies that are proceeding cautiously this year, in anticipation of a slower holiday season.
- 09/29/2023
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5 Reasons Why Investors Should Buy Old Dominion (ODFL) Stock
- Old Dominion's (ODFL) efforts to reward shareholders through dividends and share buybacks are impressive.
- 09/28/2023
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Old Dominion Freight Line to Webcast Third Quarter 2023 Conference Call
- THOMASVILLE, N.C.--(BUSINESS WIRE)--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, Octo.
- 09/27/2023
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Here's Why Investors Should Retain Old Dominion (ODFL) Now
- Investor-friendly steps and the LTL segment boost Old Dominion (ODFL).
- 09/21/2023
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Our Top 10 Picks For Dividend Growth Stocks - September 2023
- This monthly series of articles focuses on DGI stocks likely to provide a high rate of dividend growth rather than a high current yield. We use our proprietary models to rate quantitatively and qualitatively and select the top ten names from an initial list of nearly 400 dividend stocks. The article provides criteria for selecting high-growth dividend stocks. It offers a step-by-step guide on structuring a portfolio based on this strategy.
- 09/17/2023
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7 S&P 500 Stocks to Sell in September Before They Crash & Burn
- Year to date, the S&P 500 and other leading market indexes have been strong. However, thanks to interest rates, the Federal Reserve, and growing fears of a recession, we've seen some cracks in the armor.
- 09/05/2023
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3 Hot Nasdaq Stocks to Ride This Fall
- Even with this month's pullback, it's been a strong 2023 for the Nasdaq-100. The widely followed index is up more than 30% year-to-date and back within striking distance of its November 2021 all-time high.
- 08/24/2023
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Old Dominion (ODFL) Offers $1.5B for Yellow's Terminals
- Old Dominion (ODFL) offers higher price than another trucking company to acquire bankrupt Yellow Corporation's terminals.
- 08/21/2023
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YELLQ Stock Alert: Old Dominion Offers $1.5 Billion for Bankrupt Yellow
- The market vultures are once again closing in on a dying company. Ever since Yellow (OTCMKTS: YELLQ ) filed for Chapter 11 bankruptcy and delisted from the Nasdaq, shares of the company have been in a race to the bottom.
- 08/21/2023
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Our Top 10 Picks For Dividend Growth Stocks - August 2023
- This monthly series of articles focuses on DGI stocks that are likely to provide a high rate of dividend growth rather than a high current yield. We use our proprietary models to rate quantitatively and qualitatively and select the top ten names from an initial list of nearly 400 dividend stocks. The article provides criteria for selecting high-growth dividend stocks and offers a step-by-step guide on how to structure a portfolio based on this strategy.
- 08/19/2023
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Old Dominion Freight: Perfection At A Premium Price
- Old Dominion Freight Line is a highly successful trucking company with a strong competitive edge in the industry. The company's superior service and efficient operations have allowed it to gain market share and achieve impressive revenue growth. However, economic headwinds and a high valuation have led me to remain on the sidelines and wait for a better buying opportunity.
- 08/17/2023
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Yellow blames bankruptcy filing on ‘bullying' by Teamsters
- Yellow, the Nashville, Tenn.-based trucking company announced late Sunday that it had filed for bankruptcy, and pulled no punches in putting the blame squarely on the Teamsters union, saying the union drove the nearly 100-year-old company out of business, causing 30,000 Americans to lose their jobs.
- 08/07/2023
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Yellow's stock rockets toward its biggest-ever gain even after reports that bankruptcy is coming
- Shares of Yellow Corp. more than doubled Monday, putting them on track for their biggest-ever one-day gain, despite reports that the trucking company had shut its doors after nearly 100 years in service.
- 07/31/2023
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Old Dominion Freight Line Inc: A High-Performing Giant in the Transportation Industry
- Old Dominion Freight Line Inc ( ODFL , Financial), a leading player in the transportation industry, has been making waves in the stock market. As of July 28, 2023, the company's stock price stands at $425.6, with a market cap of $46.66 billion.
- 07/28/2023
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Old Dominion Freight Line (ODFL): A Modestly Overvalued Stock Worth Your Attention
- The stock of Old Dominion Freight Line Inc ( ODFL , Financial) recently reported a daily gain of 3.34%, with an Earnings Per Share (EPS) of 11.51. Given these numbers, the question arises: is the stock modestly overvalued?
- 07/28/2023
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The Road Ahead For UPS: Can Stock Deliver After Contract Deal?
- What's next for United Parcel Service Inc. NYSE: UPS stock after management and the Teamsters union came to an agreement on a new contract, averting a strike?
- 07/28/2023
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Old Dominion Freight Line, Inc. (ODFL) Q2 2023 Earnings Call Transcript
- Old Dominion Freight Line, Inc. (NASDAQ:ODFL ) Q2 2023 Earnings Conference Call July 26, 2023 10:00 AM ET Company Participants Drew Andersen - IR Kevin Freeman - President & CEO Adam Satterfield - EVP, Finance, CFO & Assistant Secretary Conference Call Participants Jordan Alliger - Goldman Sachs Group James Monigan - Wells Fargo Securities Jack Atkins - Stephens Inc. Jonathan Chappell - Evercore ISI Thomas Wadewitz - UBS Stephanie Moore - Jefferies Kenneth Hoexter - Bank of America Merrill Lynch Amit Mehrotra - Deutsche Bank Ravi Shanker - Morgan Stanley Bruce Chan - Stifel, Nicolaus & Company Bascome Majors - Susquehanna Financial Group Scott Group - Wolfe Research Christopher Kuhn - The Benchmark Company Christian Wetherbee - Citigroup Jason Seidl - TD Cowen Operator Hello, and welcome to the Old Dominion Freight Line Second Quarter 2023 Earnings Conference Call. [Operator Instructions].
- 07/26/2023
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Old Dominion (ODFL) Q2 Earnings Beat, Revenues Miss, Fall Y/Y
- Lackluster LTL revenues hurt Old Dominion's (ODFL) Q2 results. ODFL's board, meanwhile, clears a new share buyback program.
- 07/26/2023
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Old Dominion Freight Line (ODFL) Surpasses Q2 Earnings Estimates
- Old Dominion Freight Line (ODFL) came out with quarterly earnings of $2.65 per share, beating the Zacks Consensus Estimate of $2.63 per share. This compares to earnings of $3.30 per share a year ago.
- 07/26/2023
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Old Dominion Freight Line revenue falls below forecasts as a reflection of a soft economy, while new $3 billion stock buyback program announced
- Old Dominion Freight Line Inc. ODFL, +1.52% reported Wednesday second-quarter profit that topped expectations while revenue fell short, amid weakness in tons carried in its trucks per day and trucking rates. The trucking company also announced a new $3 billion stock repurchase program, which adds to the $376.9 million remaining in the old program.
- 07/26/2023
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Old Dominion (ODFL) Gears up for Q2 Earnings: What's in Store?
- Lackluster freight demand is likely to have hurt Old Dominion's (ODFL) revenue performance in Q2.
- 07/18/2023
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Markets Love Old Dominion Freight Line Stock: How You Can Benefit
- Three names stand out within the market's favorite industry: Old Dominion Freight Line NASDAQ: ODFL, Saia NASDAQ: SAIA and RXO NYSE: RXO are at the top of the "popular" list based on market sentiment and other metrics.
- 07/13/2023
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Why Old Dominion Freight Line Stock Gained 19% in June
- The potential bankruptcy of Yellow helped lift ODFL shares. The company reported a double-digit drop in revenue in May, but pricing remained strong.
- 07/07/2023
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Old Dominion Freight Line Stock Is Extremely Overvalued
- Old Dominion Freight Line, Inc.'s earnings have probably peaked this cycle, but the stock price is ignoring it. Even using generous assumptions, Old Dominion stock is overvalued based on long-term earnings expectations. This has been a great growth stock to own the past several years, but many of the catalysts for that growth were temporary.
- 07/06/2023
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Why LTL Stocks Were Surging This Week
- One report said Yellow, the nation's third-largest LTL carrier, could run out of liquidity in six weeks. If Yellow goes bankrupt, other carriers, like Saia, XPO, and Old Dominion, will likely pick up market share.
- 06/29/2023
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Old Dominion Freight Line to Webcast Second Quarter 2023 Conference Call
- THOMASVILLE, N.C.--(BUSINESS WIRE)--Old Dominion Freight Line, Inc. (Nasdaq: ODFL) announced today that it plans to release its second quarter 2023 financial results before opening of trading on Wednesday, July 26, 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, July 26, 2023. An online, real-time webcast of Old Dominion's quarterly conference call will be available at www.odfl.com on Wednesday, July 26,.
- 06/29/2023
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Analyst Upgrades Drive Old Dominion Freight Line 13.49% Higher
- Shares of Old Dominion Freight Line inc. NASDAQ: ODFL just keep on truckin' higher.
- 06/29/2023
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3 Stocks to Sell Now Before Overvaluation Kicks In
- The stock market is on a winning streak. A lot of good companies have enjoyed welcome recoveries after 2022's steep sell-offs.
- 06/20/2023
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Old Dominion's Gantt spells out how company came to dominate LTL industry
- NEW YORK — Greg Gantt, the CEO of Old Dominion Freight Lines, has led countless earnings calls and presentations to buy-side analysts in his career. On Wednesday, he did his final one.
- 06/09/2023
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Old Dominion's (ODFL) LTL Segment Numbers Decline in May
- Old Dominion's (ODFL) revenue per day fell 15.7% year over year in May 2023 due to a 14.4% decrease in less-than-truckload tons per day.
- 06/06/2023
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Old Dominion sees tonnage plummet again in May
- Less-than-truckload carrier Old Dominion Freight Line said Monday that there was no seasonal demand uptick in May, reporting volume metrics that were a little worse than those reported in April when factoring in the prior-year comparisons. Old Dominion (NASDAQ: ODFL) reported tonnage was down 14.4% year over year (y/y) in May, which followed a previously disclosed decline of 14.5% in April.
- 06/05/2023
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2 Nasdaq-100 Stocks to Double Down On in June
- CrowdStrike continues rapidly gaining market share from legacy cybersecurity providers. Old Dominion Freight Line's efficiency makes it the market leader in its less-than-truckload niche.
- 06/04/2023
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Old Dominion (ODFL) Falls 6% in the Past 3 Months: Here's How
- Escalating capital expenditure and driver shortages hurt Old Dominion (ODFL).
- 05/31/2023
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Why Is Old Dominion (ODFL) Down 1% Since Last Earnings Report?
- Old Dominion (ODFL) reported earnings 30 days ago. What's next for the stock?
- 05/26/2023
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This Stock Could Be the No. 1 Buy in a Recession
- Old Dominion Freight Line has grown its market share over the past two decades. The company's recent quarter showed signs of a softening economy.
- 05/07/2023
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7 Stocks That Analysts Agree You Should Dump ASAP
- The stock market is back on the upswing. Traders are feeling more optimistic, and perhaps with good reason.
- 05/02/2023
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Old Dominion's Q1 miss sends LTL stocks lower
- Share prices of less-than-truckload carriers fell on Wednesday following Old Dominion Freight Line's lackluster first-quarter result. The company said freight volumes have stabilized but that there hasn't been an uptick in demand this spring as originally expected earlier in the year.
- 04/26/2023
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Old Dominion Freight Line, Inc. (ODFL) Q1 2023 Earnings Call Transcript
- Old Dominion Freight Line, Inc. (ODFL) Q1 2023 Earnings Call Transcript.
- 04/26/2023
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Old Dominion (ODFL) Q1 Earnings & Revenues Miss, Fall Y/Y
- Old Dominion's (ODFL) Q1 revenues decline 3.7% year over year.
- 04/26/2023
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Old Dominion Freight Line (ODFL) Lags Q1 Earnings and Revenue Estimates
- Old Dominion Freight Line (ODFL) came out with quarterly earnings of $2.58 per share, missing the Zacks Consensus Estimate of $2.69 per share. This compares to earnings of $2.60 per share a year ago.
- 04/26/2023
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Old Dominion stock sinks to 3-month low after profit misses expectations the first time in 3 years
- Shares of Old Dominion Freight Line Inc. ODFL sank 5.1% toward a three-month low Wednesday, enough to pace the Dow Jones Transportation Average's DJT premarket decliners, after the trucking company missed quarterly profit expectations for the first time in three years, while revenue missed for a third-straight quarter. “Old Dominion's first quarter financial results reflect continued softness in the domestic economy and a challenging operating environment,” said Chief Executive Greg Gantt.
- 04/26/2023
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3 Fast-Growing Companies Near Buy Points. How One Executive Hire Sent This Stock Soaring
- XPO Logistics stock soared on news it landed a new Chief Operating Officer. The post 3 Fast-Growing Companies Near Buy Points.
- 04/25/2023
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4 Trucking Stocks to Keep Tabs on Amid Industry Challenges
- Escalating operating expenses are hurting the Zacks Transportation-Truck industry's prospects. However, stocks like ODFL, JBHT, KNX and LSTR appear better positioned to escape the industry challenges.
- 04/20/2023
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5 Stocks To Watch After Thursday's Inflation, Jobless Data: Why Netflix, 2 Gold Miners Are Moving
- Economic figures released at the start of trading on Thursday showed that producer price inflation (PPI) fell by 0.5% in March, below expectations of a flat number, and weekly jobless claims increased more than expected by 11,000 to 239,000. The two readings suggest that a cooling trend in pricing pressures and the labor market is already underway.
- 04/13/2023
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Old Dominion Freight Line to Webcast First Quarter 2023 Conference Call
- THOMASVILLE, N.C.--(BUSINESS WIRE)--Old Dominion Freight Line, Inc. (Nasdaq: ODFL) announced today that it plans to release its first quarter 2023 financial results before opening of trading on Wednesday, April 26, 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, April 26, 2023. An online, real-time webcast of Old Dominion's quarterly conference call will be available at www.odfl.
- 03/29/2023
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Old Dominion: A Solid And Well-Positioned But Overpriced LTL Contender
- Old Dominion Freight Line, Inc. maintained a solid performance amidst market headwinds. It has a sound financial positioning, which shows its sustainability.
- 03/28/2023
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Earn Double-Digit Income With Options (April 2023)
- We explain why selling cash-covered puts and covered calls are relatively safe choices for earning a high income. We will discuss how to formulate an options income strategy that's sustainable and repeatable.
- 03/27/2023
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3 Awesome Dividend Growth Stocks To Buy During A Bear Market
- Markets are in turmoil. Hence, in this article, we start with a discussion of the risks facing investors and why I believe in attractive buying opportunities this year. While I understand that investors often opt for higher-yielding investments, I will explain why investments in low-yielding dividend-growth stocks come with benefits.
- 03/14/2023
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6 Reasons Why You Should Buy Old Dominion (ODFL) Stock Now
- Old Dominion (ODFL) fourth-quarter 2022 revenues benefit from an increase in less-than-truckload revenue per hundredweight.
- 03/13/2023
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Yellow's yield-at-all-cost strategy may be ending
- Less-than-truckload carrier Yellow Corp. saw tonnage turn positive in February for the first time since May 2021. However, depressed comps from a year ago were the primary catalyst.
- 03/09/2023
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Old Dominion (ODFL) Posts Weak February LTL Unit Performance
- Old Dominion's (ODFL) revenue per day fell 2.9% year over year in February 2023 due to a decrease in LTL tons per day.
- 03/07/2023
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10 S&P 500 Stocks Are Practically Immune To More Fed Rate Hikes
- Is the Fed done jacking up interest rates or not? Angst over that question is torturing the stock market — but a handful of S&P 500 stocks aren't worried.
- 03/06/2023
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More evidence the U.S. economy is slowing, from trucking giant Old Dominion
- Old Dominion Freight Line Inc. provided on Friday a midquarter update on certain operating metrics, which showed continued weakness in demand.
- 03/03/2023
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Old Dominion says shipments ‘have largely stabilized'
- Less-than-truckload carrier Old Dominion Freight Line noted “continued softness” in demand during February but said shipment trends have likely stabilized. February tonnage was down 12.4% year over year (y/y), which was the combination of a 10.1% drop in shipments and a 2.5% dip in weight per shipment.
- 03/03/2023
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The Dividend Pyramid: Potentially Beat The Market With This 12-Stock Portfolio
- We start with a discussion of diversification theories based on the findings of a scientific article called "The Dividend Puzzle". While inexperienced investors should stick to ETFs, there's a clear case to be made for the behavioral approach, which is based on a mix of different dividend strategies.
- 03/03/2023
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24 Upcoming Dividend Increases
- All stocks have at least five fiscal years of dividend growth history and come from the U.S. Dividend Champions List. They have an average increase of 9.5% and a median increase of 6.5%.
- 02/23/2023
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Are You Looking for a Top Momentum Pick? Why Old Dominion Freight Line (ODFL) is a Great Choice
- Does Old Dominion Freight Line (ODFL) have what it takes to be a top stock pick for momentum investors? Let's find out.
- 02/23/2023
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A Bull Market Is Coming: 3 Reasons to Buy Old Dominion Stock
- There are few companies better positioned for a bull market than Old Dominion.
- 02/13/2023
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7 Stocks to Watch if You're Looking for the Next High Flyer
- While volatility persists, markets have managed to get off to a strong start in 2023. All three of the major U.S. stock indices are positive on the year, with the technology-laden Nasdaq leading the pack with a 14% year-to-date gain.
- 02/09/2023
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3 Trucking Stocks to Watch Amid Industry Challenges
- Escalating operating expenses are hurting the Zacks Transportation-Truck industry's prospects. However, stocks like ODFL, JBHT and ARCB appear better positioned to escape the industry challenges.
- 02/07/2023
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Old Dominion (ODFL) Q4 Earnings Top Estimates, Revenues Miss
- Old Dominion (ODFL) fourth-quarter 2022 revenues benefit from an increase in less-than-truckload revenue per hundredweight.
- 02/01/2023
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Old Dominion handily beats Q4 expectations; shares up 8%
- Management from less-than-truckload carrier Old Dominion Freight Line maintained the view that volumes will likely turn around by spring during a call with analysts on Wednesday. Before the market opened, the company announced that it had beat quarterly consensus expectations once again.
- 02/01/2023
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Old Dominion Freight Line, Inc. (ODFL) Q4 2022 Earnings Call Transcript
- Old Dominion Freight Line, Inc. (NASDAQ:ODFL ) Q4 2022 Earnings Conference Call February 1, 2023 10:00 AM ET Company Participants Drew Andersen - Senior Director, Product Management Greg Gantt - President and Chief Executive Officer Marty Freeman - Chief Operating Officer Adam Satterfield - Chief Financial Officer Conference Call Participants Jordan Alliger - Goldman Sachs Jack Atkins - Stephens Bascome Majors - Susquehanna Tom Wadewitz - UBS Christian Wetherbee - Citigroup Scott Group - Wolfe Research Allison Poliniak - Wells Fargo Jon Chappell - Evercore ISI Ravi Shanker - Morgan Stanley Ken Hoexter - Bank of America Amit Mehrotra - Deutsche Bank Ari Rosa - Credit Suisse Jeff Kauffman - Vertical Research Partners Operator Good day, and welcome to the Old Dominion Freight Line's Fourth Quarter 2022 Earnings Conference Call. All participants will be in listen-only mode.
- 02/01/2023
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Old Dominion Freight Line (ODFL) Surpasses Q4 Earnings Estimates
- Old Dominion (ODFL) delivered earnings and revenue surprises of 8.96% and 1.07%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
- 02/01/2023
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Old Dominion appoints new president and CEO
- Old Dominion Freight Line announced Tuesday that Kevin “Marty” Freeman will succeed Greg Gantt as president and CEO effective July 1. Freeman has been with the less-than-truckload carrier for 31 years, currently serving as executive vice president and chief operating officer since 2018.
- 01/31/2023
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Old Dominion Stock Downgraded Ahead Of Trucking Earnings With Gains To Lose Steam
- ODFL stock and SAIA stock were downgraded on Monday with trucking, shipping firms Old Dominion, SAIA and ArcBest to report results this week. The post Old Dominion Stock Downgraded Ahead Of Trucking Earnings With Gains To Lose Steam appeared first on Investor's Business Daily.
- 01/30/2023
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4 Top Stocks With High Dividend Growth to Buy in 2023 and Hold Forever
- These businesses offer powerful passive income potential, growing their dividends between 178% and 481% over the last five years.
- 01/28/2023
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Will Old Dominion (ODFL) Beat Estimates Again in Its Next Earnings Report?
- Old Dominion (ODFL) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
- 01/27/2023
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Is a Beat Likely for Old Dominion (ODFL) in Q4 Earnings?
- High operating expenses are likely to have hurt Old Dominion's (ODFL) bottom-line performance in the fourth quarter of 2022.
- 01/27/2023
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4 Transportation Stocks Likely to Surpass Q4 Earnings Estimates
- Transportation companies like JetBlue (JBLU), Norfolk Southern (NSC), Old Dominion Freight Line (ODFL) and American Airlines (AAL) are expected to beat fourth-quarter earnings estimates.
- 01/24/2023
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Does Old Dominion Show That Trucking Is Hitting The Brakes?
- S&P 500 component Old Dominion is among the top performers in the trucking industry, but there are signs that it, as well as industry peers, are slowing down.
- 01/21/2023
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Travel And Transportation Stocks Catch Interest As They Build Bases, Profits
- Travel and transportation stocks are catching the eyes of investors as they build bases and profits. The post Travel And Transportation Stocks Catch Interest As They Build Bases, Profits appeared first on Investor's Business Daily.
- 01/20/2023
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Bank of America bullish on TL stocks as ‘truck demand near floor'
- Bank of America said Tuesday it was more bullish on truckload stocks in 2023 as truck demand appears to have bottomed. BofA Securities (NYSE: BAC) research analyst Ken Hoexter made a rare two-step rating upgrade to “buy” from “underperform” on the shares of Schneider National (NYSE: SNDR) and Werner Enterprises (NASDAQ: WERN).
- 01/17/2023
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Here's A Better Pick Over CSX Stock
- There is more to the comparison, and in the sections below, we discuss why we believe ODFL stock will offer better returns than CSX stock in the next three years.
- 01/10/2023
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Old Dominion Freight Line to Webcast Fourth Quarter and Year-End 2022 Conference Call
- THOMASVILLE, N.C.--( BUSINESS WIRE )--Old Dominion Freight Line, Inc. (Nasdaq: ODFL) announced today that it plans to release its fourth quarter and year-end 2022 financial results before opening of trading on Wednesday, February 1, 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, February 1, 2023.
- 01/06/2023
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LSTR vs. ODFL: Which Stock Should Value Investors Buy Now?
- LSTR vs. ODFL: Which Stock Is the Better Value Option?
- 01/05/2023
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Options Income Series - Earn Double-Digit Income (January 2023)
- We explain why selling cash-covered puts and covered calls are relatively safe choices for earning a high income. We will discuss how to formulate an options income strategy that's sustainable and repeatable.
- 12/31/2022
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Old Dominion Freight Line announces general rate increase of 4.9% effective Jan. 3
- Old Dominion Freight Line Inc. on Thursday announced a general rate increase of 4.9% effective Jan. 3. "The general rate increase is based on the Company's economic forecast and expectations for the operating environment," said Todd Polen, vice president for pricing services at the Thomasville, N.C.
- 12/15/2022
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Old Dominion (ODFL) Posts Solid November LTL Unit Performance
- Old Dominion's (ODFL) revenue per day rises 7.3% year over year in November 2022 on an increase in LTL revenue per hundredweight.
- 12/07/2022
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Buying The Old Dominion Freight Line Dividend In 2023
- Old Dominion Freight Line is one of my favorite dividend growth stocks, thanks to its ability to dominate the LTL industry while generating high free cash flow. The company is a total return star, which is now running into economic weakness. While pricing remains strong, demand softness is set to worsen going into 2023.
- 12/06/2022
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Old Dominion Freight Line (ODFL) Just Reclaimed the 20-Day Moving Average
- Should investors be excited or worried when a stock crosses above the 20-day simple moving average?
- 12/01/2022
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Old Dominion Freight Line (ODFL) is a Top-Ranked Growth Stock: Should You Buy?
- Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.
- 11/02/2022
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3 Trucking Stocks to Watch Amid Industry Challenges
- Escalating oil prices and supply-chain disruptions are hurting the Zacks Transportation-Services industry's prospects. However, stocks like ODFL, JBHT and ARCB appear better positioned to escape the industry challenges.
- 11/01/2022
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Old Dominion Proves Its Excellence, Yet Headwinds Call For Patience
- We start this article by taking a closer look at the trucking industry in the United States, which has become weaker with a high chance of further contraction. Old Dominion Freight Line, the nation's largest LTL trucking company, did rather well, offsetting both inflation and weakness in volumes.
- 10/30/2022
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5 High-Quality S&P 500 Stocks Outperforming Markets in October
- In light of U.S. gross domestic product surging at a rate higher than the Dow Jones consensus estimate, five Standard & Poor's 500 index stocks that have high quality and have outperformed the benchmark during October are Intuitive Surgical Inc. ( ISRG , Financial), CoStar Group Inc. ( CSGP , Financial), Visa Inc. ( V , Financial), Cisco Systems Inc. ( CSCO , Financial) and Old Dominion Freight Line Inc. ( ODFL , Financial) according to the All-in-One Screener, a Premium feature of GuruFocus.
- 10/27/2022
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Old Dominion Freight Line, Inc. (ODFL) Q3 2022 Earnings Call Transcript
- Old Dominion Freight Line, Inc. (NASDAQ:ODFL ) Q3 2022 Earnings Conference Call October 26, 2022 10:00 AM ET Company Participants Drew Andersen - Senior Director, Product Management Greg Gantt - President, CEO & Director Adam Satterfield - SVP, Finance, CFO & Assistant Secretary Conference Call Participants Jack Atkins - Stephens Inc. James Monigan - Wells Fargo Securities Jordan Alliger - Goldman Sachs Scott Group - Wolfe Research Jonathan Chappell - Evercore ISI Todd Fowler - KeyBanc Capital Markets Amit Mehrotra - Deutsche Bank Thomas Wadewitz - UBS Kenneth Hoexter - Bank of America Merrill Lynch Bascome Majors - Susquehanna Ravi Shanker - Morgan Stanley Christian Wetherbee - Citigroup Jason Seidl - Cowen and Company Operator Good day, and welcome to the Old Dominion Freight Line Third Quarter 2022 Earnings Conference Call. [Operator Instructions].
- 10/26/2022
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Old Dominion (ODFL) Q3 Earnings Top Estimates, Revenues Miss
- Old Dominion (ODFL) third-quarter 2022 revenues benefit from an increase in less-than-truckload revenue per hundredweight.
- 10/26/2022
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Old Dominion says volume weakness could clear by spring
- Less-than-truckload carrier Old Dominion Freight Line saw earnings climb again in the third quarter even as volumes declined. The company's management team said it is hopeful that demand trends will turn by the time spring rolls around.
- 10/26/2022
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Old Dominion Freight Line (ODFL) Q3 Earnings Beat Estimates
- Old Dominion (ODFL) delivered earnings and revenue surprises of 9.80% and 0.71%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?
- 10/26/2022
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What's in the Cards for Old Dominion (ODFL) in Q3 Earnings?
- Old Dominion (ODFL) third-quarter 2022 earnings and revenues are expected to have improved year over year.
- 10/24/2022
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Old Dominion Freight Looks Good For The Long Haul
- Old Dominion's earnings has been growing since 2009, and reported new records in the last quarter. The company is disciplined with its balance sheet and carries very little debt.
- 10/18/2022
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Why Old Dominion (ODFL) is Poised to Beat Earnings Estimates Again
- Old Dominion (ODFL) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
- 10/12/2022
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Down by 24% to 38%, These 3 S&P 500 Stocks Offer Discounted Passive Income Potential
- When share prices drop, dividend yields rise, which make these companies worth a long look for income investors.
- 10/08/2022
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Old Dominion Freight Line to Webcast Third Quarter 2022 Conference Call
- THOMASVILLE, N.C.--(BUSINESS WIRE)--Old Dominion Freight Line, Inc. (Nasdaq: ODFL) announced today that it plans to release its third quarter 2022 financial results before opening of trading on Wednesday, October 26, 2022. 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 26, 2022. An online, real-time webcast of Old Dominion's quarterly conference call will be available at www.odfl.com on Wednesday, Octo
- 09/28/2022
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5 High-Quality S&P 500 Stocks With Price Cuts in September
- As investors continue grappling with fears that the Federal Reserve's aggressive interest rate hikes may result in economic downturn, five Standard & Poor's 500 Index stocks with high financial strength and profitability and price declines of at least 15% are Monolithic Power Systems Inc. ( MPWR , Financial), EPAM Systems Inc. ( EPAM , Financial), Old Dominion Freight Line Inc. ( ODFL , Financial), Accenture PLC ( ACN , Financial) and Copart Inc. ( CPRT , Financial) according to the All-in-One Screener, a Premium GuruFocus feature.
- 09/23/2022
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3 Large-Cap Transportation Stocks in View Despite Market Ruckus
- Investors should tap transportation stocks like Old Dominion (ODFL), Delta (DAL) and Expeditors (EXPD) for handsome returns.
- 09/20/2022
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What Drove A Massive 3x Rise In Old Dominion Freight Line Stock?
- Old Dominion Freight Line stock (NASDAQ: ODFL) has seen a 28% fall this year, underperforming the broader S&P500 index, down 18%.
- 09/19/2022
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3 Stocks That Would Look Great in Warren Buffett's Portfolio
- Trading at reasonable valuations, these steady, shareholder-friendly businesses look like Warren Buffett's type of investments.
- 09/10/2022
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SAIA or ODFL: Which Is the Better Value Stock Right Now?
- SAIA vs. ODFL: Which Stock Is the Better Value Option?
- 09/09/2022
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10 Companies Raise Their Juicy Dividends Like Crazy
- What's better than a big fat S&P 500 dividend? One that's rising fast.
- 09/08/2022
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Old Dominion (ODFL) Posts Solid August LTL Unit Performance
- Old Dominion's (ODFL) revenue per day climbs 14.5% year over year in August 2022 on an increase in LTL revenue per hundredweight.
- 09/07/2022
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This Trucking Company Is Likely A Better Pick Over Norfolk Southern Stock
- There is more to the comparison, and in the sections below, we discuss why we believe ODFL stock will offer better returns than NSC stock in the next three years.
- 09/06/2022
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Here's Why Old Dominion Freight Line (ODFL) is a Strong Growth Stock
- Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.
- 09/05/2022
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Why I Will Be Buying Old Dominion Dividends Quite Aggressively
- In this article, I explain why I'm changing my mind and deciding to add trucking to my long-term dividend (growth) portfolio. Old Dominion Freight Line is the single-best stock in the industry thanks to high profitability, strong organic growth, and sky-high dividend growth (but a low yield).
- 08/29/2022
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JBHT vs. ODFL: Which Stock Should Value Investors Buy Now?
- JBHT vs. ODFL: Which Stock Is the Better Value Option?
- 08/08/2022
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Old Dominion Freight Line, Inc. (ODFL) CEO Greg Gantt on Q2 2022 Results - Earnings Call Transcript
- Old Dominion Freight Line, Inc. (NASDAQ:ODFL ) Q2 2022 Earnings Conference Call July 27, 2022 10:00 AM ET Company Participants Drew Anderson - Senior Director, Product Management Greg Gantt - President & Chief Executive Officer Adam Satterfield - Chief Financial Officer Conference Call Participants Jordan Alliger - Goldman Sachs Jon Chappell - Evercore ISI Jack Atkins - Stephens Ravi Shanker - Morgan Stanley Tom Wadewitz - UBS Chris Wetherbee - Citigroup Scott Group - Wolfe Research Todd Fowler - KeyBanc Capital Markets Ken Hoexter - Bank of America Amit Mehrotra - Deutsche Bank Bruce Chan - Stifel Ari Rosa - Credit Suisse Bascome Majors - Susquehanna James Monigan - Wells Fargo Operator Good day and welcome to the Old Dominion Freight Line Second Quarter 2022 Earnings Conference Call. All participants will be in a listen-only mode.
- 07/27/2022
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Old Dominion posts industry record sub-70% OR in Q2
- Old Dominion Freight Line reported record results for the 2022 second quarter on Wednesday. The less-than-truckload carrier achieved a watershed moment for the industry, posting a 69.5% operating ratio (30.5% operating margin) during the period.
- 07/27/2022
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Old Dominion (ODFL) Q2 Earnings & Revenues Top, Grow Y/Y
- Old Dominion Freight (ODFL) second-quarter 2022 revenues benefit from increase in LTL (Less-Than-Truckload) tons per day and rise in LTL revenue per hundredweight.
- 07/27/2022
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4 Top Trucking Stocks to Benefit From Strong Freight Demand
- The Zacks Transportation Truck industry is gaining from favorable freight environment. This bodes well for stocks like ODFL, JBHT, ARCB and USAK.
- 07/21/2022
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ARCB or ODFL: Which Is the Better Value Stock Right Now?
- ARCB vs. ODFL: Which Stock Is the Better Value Option?
- 07/21/2022
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Is a Beat in Store for Old Dominion (ODFL) in Q2 Earnings?
- Operating ratio is likely to have improved in Q2 at Old Dominion (ODFL).
- 07/21/2022
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Old Dominion Freight Line (ODFL): This Dividend Growth Stock Deserves Your Attention
- ODFL has a surging dividend growth rate and is rapidly buying back its shares. It's a rare company that has very strong cash flows and a negative net debt, which allows it to return an increasing amount of value back to investors for three consecutive financial years.
- 07/13/2022
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Why Old Dominion (ODFL) Could Beat Earnings Estimates Again
- Old Dominion (ODFL) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
- 07/11/2022
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ARCB vs. ODFL: Which Stock Is the Better Value Option?
- ARCB vs. ODFL: Which Stock Is the Better Value Option?
- 07/05/2022
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Old Dominion testing simplified LTL pricing program
- Old Dominion Freight Line Inc. has begun a trial program in which it offers one all-in rate to LTL shippers before their freight is picked up, a step the carrier said represents a major advancement in the backwater processes of costing, pricing and paying for LTL transportation. Old Dominion (NASDAQ: ODFL) is testing the program, called One Rate, One Time, with one of its third-party logistics provider customers, Todd Polen, the company's vice president of pricing services, said in an interview with FreightWaves on Friday.
- 07/01/2022
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Old Dominion Freight Line to Webcast Second Quarter 2022 Conference Call
- THOMASVILLE, N.C.--(BUSINESS WIRE)--Old Dominion Freight Line, Inc. (Nasdaq: ODFL) announced today that it plans to release its second quarter 2022 financial results before opening of trading on Wednesday, July 27, 2022. The Company will also hold a conference call to discuss its financial results and outlook at 10:00 a.m. (Eastern Time) on Wednesday, July 27, 2022. An online, real-time webcast of Old Dominion's quarterly conference call will be available at www.odfl.com on Wednesday, July 27,
- 06/29/2022
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Old Dominion's Potential As A Dividend Growth Stock Is Phenomenal
- I start this article by sharing my view on the macroeconomic situation as we're dealing with a post-pandemic bullwhip effect and lower demand. Then, I explain why Old Dominion is a top-tier dividend growth stock thanks to its business model and ability to generate shareholder value.
- 06/24/2022
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Solid LTL Segment Aids Old Dominion (ODFL), High Costs Ail
- Strong performance of the LTL segment and an improved operating ratio boosts Old Dominion (ODFL). However, increased operating expenses are a concern.
- 06/20/2022
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These Dividend Stocks Can Double Your Money in Under 5 Years
- These exceptional stocks represent the convergence of rising revenues, growing dividends, and unique operating niches.
- 06/08/2022
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Old Dominion (ODFL) Posts Solid May LTL Unit Performance
- Old Dominion's (ODFL) revenue per day climbs 26% year over year in May 2022 on a 2.3% increase in LTL tons per day and a rise in LTL revenue per hundredweight.
- 06/07/2022
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Old Dominion update points to strong Q2
- Old Dominion Freight Line announced Monday that revenue increased 26% year-over-year on a per-day basis in May. The carrier previously disclosed a 29.1% increase for the month of April.
- 06/06/2022
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Why Is Old Dominion (ODFL) Down 10.7% Since Last Earnings Report?
- Old Dominion (ODFL) reported earnings 30 days ago. What's next for the stock?
- 05/27/2022
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Here's Why Old Dominion Freight Line (ODFL) is a Strong Growth Stock
- Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.
- 05/05/2022
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Old Dominion Freight Line, Inc. (ODFL) CEO Greg Gantt on Q1 2022 Results - Earnings Call Transcript
- Old Dominion Freight Line, Inc. (NASDAQ:ODFL ) Q1 2022 Earnings Conference Call April 27, 2022 10:00 AM ET Company Participants Drew Anderson - Senior Director, Product Management Greg Gantt - President and Chief Executive Officer Adam Satterfield - Senior Vice President, Finance, Chief Financial Officer and Assistant Secretary Conference Call Participants Jon Chappell - Evercore ISI Jack Atkins - Stephens Inc. Chris Wetherbee - Citi Scott Group - Wolfe Research Jordan Alliger - Goldman Sachs Todd Fowler - KeyBanc Capital Markets Ravi Shankar - Morgan Stanley Amit Mehrotra - Deutsche Bank Ken Hoexter - Bank of America Merrill Lynch Tom Wadewitz - UBS Bascome Majors - Susquehanna International Group Tyler Brown - Raymond James Operator Hello and welcome to the Old Dominion Freight Line, Inc. First Quarter 2022 Earnings Conference Call. [Operator instructions] Please note, today's event is being recorded.
- 04/27/2022
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Old Dominion's (ODFL) Q1 Earnings Beat Estimates, Rise Y/Y
- The year-over-year rise in Old Dominion's (ODFL) revenues during Q1 owing to increased LTL tons per day and LTL revenue per hundredweight bodes well.
- 04/27/2022
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LSTR vs. ODFL: Which Stock Is the Better Value Option?
- LSTR vs. ODFL: Which Stock Is the Better Value Option?
- 04/27/2022
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Old Dominion Freight Line (ODFL) Q1 Earnings and Revenues Surpass Estimates
- Old Dominion (ODFL) delivered earnings and revenue surprises of 9.70% and 2.97%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?
- 04/27/2022
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Why It's a Great Time to Pick Up This Logistics Stock
- GXO Logistics stock is down, making it a good entry point for investors.
- 04/27/2022
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Is a Beat in Store for Old Dominion (ODFL) in Q1 Earnings?
- Gradual recovery in the freight environment is anticipated to have aided Old Dominion's (ODFL) first-quarter 2022 performance.
- 04/20/2022
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Scoop Up 3 Trucking Stocks With Dividend Hikes to Aid Portfolio
- J.B. Hunt Transport (JBHT), Old Dominion (ODFL) and Forward Air (FWRD) should be attractive picks given their dividend-paying ability.
- 04/11/2022
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Why Old Dominion (ODFL) is Poised to Beat Earnings Estimates Again
- Old Dominion (ODFL) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
- 04/08/2022
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Here's Why Old Dominion (ODFL) is Poised for a Turnaround After Losing 14.4% in 4 Weeks
- The heavy selling pressure might have exhausted for Old Dominion (ODFL) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.
- 04/07/2022
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Here's Why Old Dominion (ODFL) Should Grace Your Portfolio
- Strong performance of the LTL segment, owing to improved freight market conditions, bodes well for Old Dominion (ODFL). The company's efforts to reward shareholders are encouraging.
- 04/05/2022
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Old Dominion (ODFL) Boosts Capacity to Meet Increased Demand
- Old Dominion (ODFL) announces that it intends to open 8-10 service centers this year.
- 03/31/2022
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Can Old Dominion (ODFL) Stock Continue to Grow Earnings?
- If you are looking for a fast-growing stock that is still seeing plenty of opportunities on the horizon, make sure to consider Old Dominion (ODFL).
- 03/31/2022
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3 Reasons Why Growth Investors Shouldn't Overlook Old Dominion (ODFL)
- Old Dominion (ODFL) could produce exceptional returns because of its solid growth attributes.
- 03/30/2022
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Old Dominion Freight Line to Webcast First Quarter 2022 Conference Call
- THOMASVILLE, N.C.--(BUSINESS WIRE)---- $ODFL--Old Dominion Freight Line, Inc. (NASDAQ: ODFL) announced today that it plans to release its first quarter 2022 financial results before opening of trading on Wednesday, April 27, 2022. The Company will also hold a conference call to discuss its financial results and outlook at 10:00 a.m. (Eastern Time) on Wednesday, April 27, 2022. An online, real-time webcast of Old Dominion's quarterly conference call will be available at www.odfl.com on Wednesday, April 27
- 03/30/2022
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Is Old Dominion Freight (ODFL) Stock a Solid Choice Right Now?
- Old Dominion Freight (ODFL) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.
- 03/24/2022
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4 Top Trucking Stocks to Gain From Strong Freight Demand
- Strong freight demand and higher rates favor the Zacks Transportation - Truck industry's near-term prospects. Amid this positivity, ODFL, FWRD, ARCB and USAK are poised for growth.
- 03/21/2022
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3 Resilient Stocks to Help Solidify Your Portfolio
- Owning strong, resilient companies can help smooth out market volatility and stabilize portfolios.
- 03/19/2022
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3 Red-Hot Stocks That Could Continue to Beat the Market
- These companies have consistently grown their revenue throughout many economic periods.
- 03/16/2022
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Looking for a Growth Stock? 3 Reasons Why Old Dominion (ODFL) is a Solid Choice
- Old Dominion (ODFL) is well positioned to outperform the market, as it exhibits above-average growth in financials.
- 03/14/2022
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Why Is Old Dominion (ODFL) Down 1% Since Last Earnings Report?
- Old Dominion (ODFL) reported earnings 30 days ago. What's next for the stock?
- 03/04/2022
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21 Upcoming Dividend Increases Including One Dividend King
- All stocks have at least five fiscal years of dividend growth history and come from the U.S. Dividend Champions List. They have an average increase of 9.6% and a median increase of 6.25%. I've tracked 118 increases in 2022. There are twenty-one increases for next week, up from eighteen last week.
- 02/25/2022
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Old Dominion Freight Line: I Expect Long-Term Outperformance
- Old Dominion Freight Line: I Expect Long-Term Outperformance
- 02/22/2022
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Down 7% In A Month, Will Old Dominion Freight Line Stock (ODFL) Rebound?
- Earlier this month, ODFL reported its Q4 results, which topped the street estimates, resulting in higher levels for its stock.
- 02/10/2022
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Why Are Old Dominion Freight Line Shares Trading Lower Today?
- Wells Fargo analyst Allison Poliniak-Cusic raised the price target on Old Dominion Freight Line Inc (NASDAQ: ODFL) to $348 (an upside of 12.5%) from $335 and maintained an Equal Weight rating on the shares. The analyst notes that as the best-in-class LTL provider, Q4 results reflected the strength in its growth and execution strategy.
- 02/04/2022
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Why Old Dominion Shares Hit the Fast Lane This Week
- Earnings came in better than expected.
- 02/03/2022
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Old Dominion Freight Line, Inc. (ODFL) CEO Greg Gantt on Q4 2021 Results - Earnings Call Transcript
- Old Dominion Freight Line, Inc. (ODFL) CEO Greg Gantt on Q4 2021 Results - Earnings Call Transcript
- 02/02/2022
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Old Dominion's (ODFL) Q4 Earnings Surpass Estimates, Rise Y/Y
- The year-over-year improvement in the operating ratio at Old Dominion (ODFL) in Q4 bodes well.
- 02/02/2022
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Old Dominion Freight Line Clocks 31% Revenue Growth In Q4, Tops Street View
- Old Dominion Freight Line Inc ODFL reported fourth-quarter revenue growth of 31.4% year-over-year to $1.41 billion, beating the consensus of $1.38 billion. Revenue growth reflects a 16.1% growth in LTL revenue per hundredweight and a 14.3% increase in LTL tons per day.
- 02/02/2022
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Old Dominion eyes operating ratio in the 60s
- Less-than-truckload carrier Old Dominion Freight Line raised its long-term margin target Wednesday. The company now expects its operating ratio to improve to 70% (30% operating margin) over time, potentially dipping into the 60s, versus the prior target of 75% (25% operating margin).
- 02/02/2022
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Old Dominion Freight Line (ODFL) Q4 Earnings and Revenues Top Estimates
- Old Dominion (ODFL) delivered earnings and revenue surprises of 7.59% and 2.76%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?
- 02/02/2022
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Old Dominion Freight Line: Supply Chain Shortage Is A Continued Opportunity
- Old Dominion Freight Line's EPS and Revenue have faced immense growth, as have share prices. While it now trades well under all-time highs, fundamentals are showing no signs of weakness.
- 01/30/2022
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Will Rising Expenses Dent Old Dominion's (ODFL) Q4 Earnings?
- Old Dominion's (ODFL) fourth-quarter performance is likely to reflect a rise in fuel costs, salaries, wages and benefits.
- 01/27/2022
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Old Dominion CEO: Zoning authorities stingy with LTL carrier permits
- LTL carriers have experienced trouble getting local governments to approve zoning permits for terminal facilities, a persistent and widespread problem that could blunt plans to expand their networks, said Greg C. Gantt, president and CEO of LTL carrier Old Dominion Freight Line Inc. Speaking at the SMC3 annual winter meeting in Atlanta on Monday, Gantt said that local officials appear to have a degree of animus toward trucking firms, for reasons he could not explain or rationalize.
- 01/26/2022
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Sustainability report: Old Dominion Freight Line makes progress on emissions
- Old Dominion Freight Line's first environmental, social and governance report shows emissions-reduction progress and includes sustainability data from 2018 to 2020. The Thomasville, North Carolina-based less-than-truckload service provider reported that its direct (scope 1) and indirect (scope 2) greenhouse gas emissions decreased by about 12% from 2018 to 2020.
- 01/24/2022
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Old Dominion Freight Line to Webcast Fourth Quarter and Year-End 2021 Conference Call
- THOMASVILLE, N.C.--(BUSINESS WIRE)---- $ODFL--Old Dominion Freight Line, Inc. (Nasdaq: ODFL) announced today that it plans to release its fourth quarter and year-end 2021 financial results before opening of trading on Wednesday, February 2, 2022. The Company will also hold a conference call to discuss its financial results and outlook at 10:00 a.m. (Eastern Time) on Wednesday, February 2, 2022. An online, real-time webcast of Old Dominion's quarterly conference call will be available at www.odfl.com on W
- 01/05/2022
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3 Stocks to Keep an Eye on for Superb Earnings Growth
- Marten Transport (MRTN), Saia (SAIA) & Old Dominion Freight Line (ODFL) currently have striking earnings growth and positive estimate revisions.
- 01/04/2022
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4 Trucking Stocks to Buy as Supply-Chain Woes to Persist in 2022
- Trucking rates are expected to continue increasing, in turn boosting the top lines of companies like Old Dominion (ODFL), J.B. Hunt (JBHT), Landstar (LSTR) and ArcBest (ARCB).
- 12/21/2021
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5 Most Promising Trucking Stocks to Buy as We Roll Into 2022
- The trucking industry is big business and a vital part of America's economic engine, which is why these stocks are outstanding prospects. The post 5 Most Promising Trucking Stocks to Buy as We Roll Into 2022 appeared first on InvestorPlace.
- 12/21/2021
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Nasdaq Undercuts Lows Amid Broad Selling; Nvidia, Old Dominion, S&P Global In Focus
- Nasdaq Undercuts Lows Amid Broad Selling; Nvidia, Old Dominion, S&P Global In Focus Investor's Business Daily has been helping people invest smarter results by providing exclusive stock lists, investing data, stock market research, education and the latest financial and business news to help investors make more money in the stock market. Learn more.
- 12/20/2021
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Old Dominion Freight Line Plans General Rate Increase Of 4.9%
- Old Dominion Freight Line Inc (NASDAQ: ODFL) announced a general rate increase (GRI) of 4.9% applicable to rates established under the existing ODFL 559, 670, and 550 tariffs, effective January 3, 2022. The company expects the rate increase to partially offset the rising costs of real estate, new equipment, technology investments, and competitive employee wage and benefit packages.
- 12/16/2021
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We believe bond yields will go up gradually: Wells Fargo's Michael Schumacher
- Barry James, president of James Investment Research, and Michael Schumacher, head of macro strategy at Wells Fargo, join 'The Exchange' to discuss views on bond yields. Sign up and learn more about the CNBC Investing Club with Jim Cramer https://cnb.cx/3Ei22n4 » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC Turn to CNBC TV for the latest stock market news and analysis.
- 12/10/2021
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Old Dominion Freight Line Stock (ODFL): $365 Price Target From Susquehanna
- The shares of Old Dominion Freight Line Inc (NASDAQ: ODFL) have received a price target of $365 from Susquehanna. These are the details.
- 12/10/2021
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Old Dominion (ODFL) Posts Solid November LTL Unit Performance
- Old Dominion's (ODFL) revenue per day climbs 29.9% year over year in November due to 11.5% increase in LTL tons per day and rise in LTL revenue per hundredweight.
- 12/07/2021
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Old Dominion's Q4 update leads pack
- Old Dominion Freight Line saw a continuation of robust growth rates during November. The less-than-truckload carrier credited a strong economy and its efforts to win market share as the reasons.
- 12/07/2021
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Old Dominion Freight Line Clocks 30% Increase In November LTL Revenue Per Day
- Old Dominion Freight Line Inc (NASDAQ: ODFL) reported less-than-truckload (LTL) operating metrics for November 2021. LTL Revenue per day increased 29.9% compared to November 2020, reflecting an 11.5% increase in LTL tons per day and LTL revenue per hundredweight.
- 12/06/2021
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Old Dominion Freight Line (ODFL) Surges 82% YTD: Here's Why
- Improved freight market conditions are benefiting Old Dominion Freight Line (ODFL).
- 12/01/2021
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Is Old Dominion Freight Line (ODFL) Outperforming Other Transportation Stocks This Year?
- Here is how Old Dominion Freight Line (ODFL) and Ryder (R) have performed compared to their sector so far this year.
- 12/01/2021
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KeyBanc Bumps Up Old Dominion Price Target By 7%
- KeyBanc analyst Todd Fowler raised Old Dominion Freight Line Inc's (NASDAQ:ODFL) price target to $375 (an upside of 5%) from $350 and maintained an Overweight rating on the shares. The analyst anticipates favorable near-term tonnage given a step-up in the two-year stack in October and positive macro indicators; comparisons become more challenging in late Q1 2022, with terminal expansion likely for the first time in a decade.
- 11/30/2021
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Trucking Stocks: The ‘Driver Shortage' News Pressuring JBHT, ODFL, KNX Stocks
- More than 60 members of Congress have signed a letter requesting funding for the trucking industry. Trucking stocks responded in kind.
- 11/19/2021
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4 Prominent Stocks From the Prospering Trucking Industry
- With strong freight demand and high trucking rates pointing to a healthy near-term outlook for the Zacks Transportation - Truck industry, ODFL, JBHT, KNX and ARCB are expected to make the most of the upbeat scenario.
- 11/12/2021
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Top-Performing Stocks From the High Quality Low CAPEX Model Portfolio
- In GuruFocus' High Quality Low CAPEX model portfolio, the companies with the biggest year-to-date returns are Fortinet Inc. ( FTNT , Financial), Nvidia Corp. ( NVDA , Financial), Old Dominion Freight Line Inc. ( ODFL , Financial), Alphabet Inc. ( GOOGL , Financial) and Bio-Techne Corp. ( TECH , Financial).
- 10/29/2021
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Old Dominion Freight Line, Inc. (ODFL) CEO Greg Gantt on Q3 2021 Results - Earnings Call Transcript
- Old Dominion Freight Line, Inc. (ODFL) CEO Greg Gantt on Q3 2021 Results - Earnings Call Transcript
- 10/28/2021
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Old Dominion Freight Line Q3 Results Top Street View, Operating Margin Expands
- Old Dominion Freight Line Inc (NYSE: ODLF) reported third-quarter revenue growth of 32.3% year-over-year to $1.4 billion, beating the consensus of $1.37 billion. Revenue growth reflects a 15.7% LTL revenue per hundredweight increase and a 13.7% increase in LTL tons.
- 10/27/2021
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Old Dominion's (ODFL) Q3 Earnings Surpass Estimates, Up Y/Y
- Improvement in operating ratio drives Old Dominion's (ODFL) third-quarter 2021 financials.
- 10/27/2021
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Old Dominion Freight Line (ODFL) Q3 Earnings and Revenues Surpass Estimates
- Old Dominion (ODFL) delivered earnings and revenue surprises of 4.22% and 2.92%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?
- 10/27/2021
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Investing in This ETF Right Now Could Make You a Millionaire Retiree
- If you stick with it and have enough time, you can retire a millionaire.
- 10/23/2021
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BofA Bumps Price Target For Saia, ArcBest, Old Dominion
- BofA analyst Ken Hoexter raised the price target for Rail & Road companies Saia, ArcBest, and Old Dominion. Hoexter increased estimates on a carry forward of pricing strength into early 2022 due to higher rates.
- 10/19/2021
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Retailers Chartering Their Own Supply Ships May Not Stop Shortages This Christmas
- This is a problem that could get much worse before it ever hopes to get better.
- 10/16/2021
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Stock Market Rally Caps Decisive Week; Analyzing Expedia, Goldman, Old Dominion Freight Line
- Stock market rally caps decisive week; Analyzing Expedia, Goldman, Old Dominion Freight Line. Investor's Business Daily has been helping people invest smarter results by providing exclusive stock lists, investing data, stock market research, education and the latest financial and business news to help investors make more money in the stock market.
- 10/15/2021
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ARCB vs. ODFL: Which Stock Should Value Investors Buy Now?
- ARCB vs. ODFL: Which Stock Is the Better Value Option?
- 10/14/2021
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Will the Bull Run Continue for U.S. Trucking Industry?
- At this stage some trucking stocks are available at attractive valuation. These are ARCB, CVLG, LSTR, ODFL, SAIA and JBHT.
- 10/14/2021
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5 High-Quality Stocks Outperforming the S&P 500
- In light of increasing market volatility, five stocks with high business quality and have outperformed the Standard & Poor's 500 index in the year to date are Alphabet Inc. ( GOOGL , Financial)( GOOG , Financial), Old Dominion Freight Line ( ODFL , Financial), West Pharmaceutical Services Inc. ( WST , Financial), The Descartes Systems Group Inc. ( DSGX , Financial) and LeMaitre Vascular Inc. ( LMAT , Financial) according to the High Quality Low CapEx Screener, a Premium screen nested within GuruFocus' All-in-One Screener.
- 10/05/2021
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First day of the month is still volatile for stocks
- Barry James, president and portfolio manager at James Investment Research, joins The Exchange to discuss the markets and what sectors he expects to do well this month. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic Turn to CNBC TV for the latest stock market news and analysis.
- 10/01/2021
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Old Dominion Price Target Raised By 12% At Raymond James - Read Why
- Raymond James analyst Patrick Tyler Brown raised Old Dominion Freight Line Inc (NYSE:ODFL) price target to $315 (implying an upside of 7.4%) from $280 and maintained an Outperform rating on the shares. Brown continues to see durability in the firm's secular LTL pricing thesis.
- 09/29/2021
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Supply chain woes still plague freight industry
- Transfix CEO and President Lily Shen joins The Exchange to discuss the state of the freight and shipping markets and how stretched supply chains are right now. Shen also discusses her company's upcoming SPAC.
- 09/21/2021
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KNX vs. ODFL: Which Stock Is the Better Value Option?
- KNX vs. ODFL: Which Stock Is the Better Value Option?
- 09/15/2021
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Old Dominion says share gains drive tonnage, revenue higher in Q3
- Less-than-truckload carrier Old Dominion Freight Line announced Tuesday that volumes and yields grew at an accelerated clip during August. The Thomasville, North Carolina-based carrier saw revenue increase 29.1% year-over-year during the month, following a 36.7% growth rate in July.
- 09/07/2021
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Old Dominion Freight Line Provides Update for Third-Quarter 2021
- THOMASVILLE, N.C.--(BUSINESS WIRE)--Old Dominion Freight Line, Inc. (Nasdaq: ODFL) today reported certain less-than-truckload (“LTL”) operating metrics for August 2021. Revenue per day increased 29.1% as compared to August 2020 due to a 10.9% increase in LTL tons per day and an increase in LTL revenue per hundredweight. The change in LTL tons per day was attributable to a 17.3% increase in LTL shipments per day that was partially offset by a 5.5% decrease in LTL weight per shipment. For the qua
- 09/07/2021
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Old Dominion (ODFL) Stock Hits 52-Week High: What's Aiding It?
- Improving freight conditions bode well for Old Dominion Freight Line (ODFL).
- 08/30/2021
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KNX vs. ODFL: Which Stock Is the Better Value Option?
- KNX vs. ODFL: Which Stock Is the Better Value Option?
- 08/30/2021
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KNX vs. ODFL: Which Stock Should Value Investors Buy Now?
- KNX vs. ODFL: Which Stock Is the Better Value Option?
- 08/12/2021
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Old Dominion Freight Line Is A Beast
- ODFL has added almost 40% since my January 2021 article thanks to high demand and its ability to generate value. The company remains in a good place despite a challenging labor market and fierce competition.
- 08/01/2021
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Old Dominion Freight Line's (ODFL) CEO Greg Gantt on Q2 2021 Results - Earnings Call Transcript
- Old Dominion Freight Line's (ODFL) CEO Greg Gantt on Q2 2021 Results - Earnings Call Transcript
- 07/28/2021
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Old Dominion's (ODFL) Q2 Earnings Beat Estimates, Increase Y/Y
- Increase in LTL tons and LTL revenue per hundredweight aids Old Dominion's (ODFL) Q2 results.
- 07/28/2021
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Old Dominion Freight Beats Q2 Estimates, Plans $2B Share Repurchase Program
- Old Dominion Freight Line Inc (NASDAQ: ODFL) reported second-quarter revenue growth of 47.2% year-over-year to $1.32 billion, beating the consensus of $1.23 billion. Revenue growth reflects a 28.1% increase in LTL tons and a 14.9% increase in LTL revenue per hundredweight.
- 07/28/2021
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Old Dominion shatters record with 72.3% operating ratio in Q2
- Can a sub-70% operating ratio be far behind? That's a question being asked after Old Dominion Freight Line Inc. (NASDAQ:ODFL) posted Wednesday morning an operating ratio of 72.3% in its second quarter.
- 07/28/2021
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Old Dominion Freight Line (ODFL) Q2 Earnings and Revenues Surpass Estimates
- Old Dominion (ODFL) delivered earnings and revenue surprises of 6.45% and 6.34%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?
- 07/28/2021
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Old Dominion Freight Line: Q2 Earnings Insights
- Shares of Old Dominion Freight Line (NASDAQ:ODFL) were unchanged after the company reported Q2 results. Quarterly Results Earnings per share rose 84.80% year over year to $2.31, which beat the estimate of $2.09.
- 07/28/2021
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Trucking Stocks Are Still Going Places
- Trucking is a rather attractive market right now.
- 07/27/2021
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What's in the Offing for Old Dominion (ODFL) in Q2 Earnings?
- Rise in operating expenses is expected to hurt Old Dominion's (ODFL) second-quarter performance. However, improvement in operating ratio due to higher revenues might have aided.
- 07/23/2021
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Old Dominion (ODFL) is an Incredible Growth Stock: 3 Reasons Why
- Old Dominion (ODFL) could produce exceptional returns because of its solid growth attributes.
- 07/14/2021
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3 Stocks That Turned $1,000 Into Half a Million Dollars
- A look at why these stocks have outperformed and what investors can take away from them.
- 07/08/2021
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WERN or ODFL: Which Is the Better Value Stock Right Now?
- WERN vs. ODFL: Which Stock Is the Better Value Option?
- 07/05/2021
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4 Top Trucking Stocks to Gain From Improved Freight Demand
- 4 Top Trucking Stocks to Gain From Improved Freight Demand
- 07/05/2021
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Can Old Dominion (ODFL) Stock Continue to Grow Earnings?
- If you are looking for a fast-growing stock that is still seeing plenty of opportunities on the horizon, make sure to consider Old Dominion (ODFL).
- 06/29/2021
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Top-Performing Stocks With High Quality and Low Capital Expenditures
- As of Friday, GuruFocus' “High Quality, Low CapEx” model portfolio has returned approximately 15.69% in the year to date, outperforming the Standard & Poor's 500 index benchmark's return of approximately 12.93%. The top-performing five stocks in the portfolio are Fortinet Inc. ( FTNT , Financial), Nvidia Corp. ( NVDA , Financial), Alphabet Inc. ( GOOGL , Financial)( GOOG , Financial), Bio-Techne Corp. ( TECH , Financial) and Old Dominion Freight Line Inc. ( ODFL , Financial).
- 06/25/2021
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Looking for a Growth Stock? 3 Reasons Why Old Dominion (ODFL) is a Solid Choice
- Old Dominion (ODFL) is well positioned to outperform the market, as it exhibits above-average growth in financials.
- 06/24/2021
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Old Dominion (ODFL): Strong Industry, Solid Earnings Estimate Revisions
- Old Dominion (ODFL) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.
- 06/15/2021
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Old Dominion Freight Line: Best Price-Positioned Trucking Stock, As Seen By Market-Makers
- Risk~reward tradeoffs and net payoffs offered by this group are ordinary compared to many S&P500 Index stocks but a few are better than several other Market-Maker [MM] forecast securities. They also outdo the prospects of many stocks widely held by Seeking Alpha readers, contributors, and commenters.
- 06/14/2021
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3 Reasons Why Growth Investors Shouldn't Overlook Old Dominion (ODFL)
- Old Dominion (ODFL) could produce exceptional returns because of its solid growth attributes.
- 06/08/2021
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4 Trucking Stocks to Buy as Freight Scene Continues to Improve
- With the freight scenario continuing to improve and trucking rates rising, stocks like Landstar (LSTR), Covenant Logistics (CVLG), Old Dominion (ODFL) and J.B. Hunt (JBHT) should continue to benefit.
- 06/08/2021
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Old Dominion (ODFL) Lays Out Solid Update on LTL Segment
- ld Dominion (ODFL) reports 28.3% year-over-year increase in LTL tons per day in May.
- 06/04/2021
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Old Dominion reports strong demand continued through May
- Old Dominion Freight Line (NASDAQ: ODFL) reported Thursday that the high-demand environment continued through May. The less-than-truckload carrier said May revenue per day was up 47.6% year-over-year, which followed a more than 50% increase in April.
- 06/03/2021
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Can Old Dominion Freight Line (ODFL) Stock Continue to Grow Earnings?
- If you are looking for a fast-growing stock that is still seeing plenty of opportunities on the horizon, make sure to consider Old Dominion Freight Line (ODFL).
- 06/01/2021
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Transportation Sector on the Road to Recovery: 3 Stocks to Buy
- Stocks like Expeditors (EXPD), UPS and Old Dominion Freight Line (ODFL) are well-poised to gain from the bullishness surrounding the recovering transportation sector.
- 05/21/2021
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David Rolfe's Top 6 Trades of the 1st Quarter
- Wedgewood Partners Chief Investment Officer David Rolfe (Trades, Portfolio) disclosed his portfolio for the first quarter of 2021 earlier this week.
- 05/18/2021
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Boost Your Future Income With These Fast Growing Dividends
- Fast growing dividends may have low initial yields but will grow rapidly over time.
- 05/12/2021
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3 Stocks Warren Buffett Would Love
- Buying them might even give you an advantage over the tycoon.
- 05/05/2021
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Old Dominion Freight Line, Inc. (ODFL) CEO Greg Gantt on Q1 2021 Results - Earnings Call Transcript
- Old Dominion Freight Line, Inc. (ODFL) CEO Greg Gantt on Q1 2021 Results - Earnings Call Transcript
- 04/22/2021
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Old Dominion poised for more records in 2021
- Less-than-truckload carrier Old Dominion Freight Line (NASDAQ: ODFL) said it is in “good position” to continue capturing market share. The carrier said it took share in the first quarter of 2021 in route to its highest-revenue quarter ever.
- 04/22/2021
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Old Dominion posts best first quarter ever
- Less-than-truckload carrier Old Dominion Freight Line (NASDAQ: ODFL) reported first-quarter earnings per share of $1.70, 12 cents better than the consensus estimate and significantly ahead of the year-ago result of $1.11. The Thomasville, North Carolina-based company reported a 14.1% year-over-year increase in revenue as tonnage increased 8.3% and shipments grew 6.9%.
- 04/22/2021
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Recap: Old Dominion Freight Line Q1 Earnings
- Shares of Old Dominion Freight Line (NASDAQ:ODFL) were unchanged after the company reported Q1 results. Quarterly Results Earnings per share rose 53.15% year over year to $1.70, which beat the estimate of $1.58.
- 04/22/2021
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Earnings Preview for Old Dominion Freight
- Old Dominion Freight (NASDAQ:ODFL) announces its next round of earnings this Thursday, April 22. Here is Benzinga's everything-that-matters guide for this Thursday's Q1 earnings announcement.
- 04/21/2021
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What's in Store for Old Dominion (ODFL) in Q1 Earnings?
- Improvement in operating ratio is likely to have aided Old Dominion's (ODFL) first-quarter 2021 performance. However, sluggish freight environment is a major concern.
- 04/19/2021
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Top Stocks To Buy Today Amid Another Winning Week
- The DOW gained 200 points after crossing the 34,000 level for the first time, and the S&P 500 rose 0.3% to hit yet another record high. In the meantime, Q.ai's deep learning algorithms have crunched the numbers to bring you today's top buys.
- 04/16/2021
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Top Stocks To Buy Today As The Carnage Continues
- Investors may be facing another sell-off today. But Q.ai's deep learning algorithms can help you make the most of the market with today's top buys.
- 03/25/2021
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Old Dominion Freight Line To Broadcast First Quarter 2021 Conference Call On The Internet
- THOMASVILLE, N.C., March 25, 2021 /PRNewswire/ -- Old Dominion Freight Line, Inc. (Nasdaq: ODFL) announced today that it plans to release its first quarter 2021 financial results before opening of trading on Thursday, April 22, 2021.
- 03/25/2021
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Analysts all in on transportation stocks; transition to services spending no threat
- A couple of bullish reports this week highlight reasons to favor transportation stocks moving forward. The outlooks call for favorable freight fundamentals around demand, utilization and pricing to remain in place for the foreseeable future.
- 03/19/2021
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Is Old Dominion (ODFL) Stock a Solid Choice Right Now?
- Old Dominion (ODFL) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.
- 03/15/2021
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7 of the Top Transportation Stocks to Buy Right Now
- As the global economy starts to reawaken, transportation stocks are looking like the ones to buy. Let's take a look at seven here.
- 03/08/2021
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Old Dominion Freight Line on Push to Hire 800 Class A CDL Truck Drivers Over the Next Three Months
- THOMASVILLE, N.C.--(BUSINESS WIRE)--Old Dominion Freight Line, Inc. (Nasdaq: ODFL) anticipates hiring 800 Class A Commercial Driver's License (CDL) truck drivers over the next three months to accommodate business growth. The new job openings are in response to a strong economic recovery with robust freight demand, tighter capacity and Old Dominion's continual investment in its workforce. More than 1,200 jobs are currently open, including drivers, dock workers, and clerical positions. Applicants
- 03/04/2021
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ARCB vs. ODFL: Which Stock Is the Better Value Option?
- ARCB vs. ODFL: Which Stock Is the Better Value Option?
- 03/03/2021
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Old Dominion Freight Line Provides Update for First-Quarter 2021
- THOMASVILLE, N.C.--(BUSINESS WIRE)---- $ODFL--Old Dominion Freight Line, Inc. (Nasdaq: ODFL) today reported certain less-than-truckload (“LTL”) operating metrics for February 2021. Revenue per day increased 9.2% as compared to February 2020 due to a 5.9% increase in LTL tons per day and an increase in LTL revenue per hundredweight. The change in LTL tons per day was attributable to a 4.1% increase in LTL weight per shipment and a 1.8% increase in LTL shipments per day. For the quarter-to-date period, LTL
- 03/02/2021
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Old Dominion Freight Line, Inc. Announces General Rate Increase
- THOMASVILLE, N.C.--(BUSINESS WIRE)--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 March 1, 2021. Todd A. Polen, Old Dominion's Vice President – Pricing Services, commented, "At Old Dominion, we are committed to delivering our premium value proposition of on-time, claims-free service at a fair price. To satisfy our customers' expectations and d
- 02/15/2021
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Dividend Increases: January 30-February 5, 2021
- Dividend Increases: January 30-February 5, 2021
- 02/14/2021
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Old Dominion Freight Line, Inc. (ODFL) CEO Greg Gantt on Q4 2020 Results - Earnings Call Transcript
- Old Dominion Freight Line, Inc. (ODFL) CEO Greg Gantt on Q4 2020 Results - Earnings Call Transcript
- 02/04/2021
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Old Dominion's (ODFL) Q4 Earnings Beat Estimates, Rise Y/Y
- Old Dominion's (ODFL) Q4 results reflect a strong performance of the Less-Than-Truckload services segment.
- 02/04/2021
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Old Dominion Freight Line (ODFL) Q4 Earnings and Revenues Top Estimates
- Old Dominion (ODFL) delivered earnings and revenue surprises of 2.55% and 3.23%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?
- 02/04/2021
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Old Dominion Freight Line: Q4 Earnings Insights
- Shares of Old Dominion Freight Line (NASDAQ:ODFL) remained unaffected after the company reported Q4 results. Quarterly Results Earnings per share fell 10.56% over the past year to $1.61, which beat the estimate of $1.57.
- 02/04/2021
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Old Dominion Freight Line Reports Fourth Quarter 2020 Earnings Per Diluted Share Of $1.61
- THOMASVILLE, N.C.--(BUSINESS WIRE)---- $ODFL--Old Dominion Freight Line, Inc. (Nasdaq: ODFL) today announced financial results for the three-month and twelve-month periods ended December 31, 2020. The financial results for the fourth quarter of 2020 include $9.6 million of expense related to special employee bonus payments made in December. These bonus payments were provided to non-executive employees in appreciation for their extraordinary efforts to provide superior customer service during the difficul
- 02/04/2021
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What's in the Offing for Old Dominion (ODFL) in Q4 Earnings?
- Old Dominion's (ODFL) fourth-quarter 2020 performance is expected to have benefited from improvement in the freight environment.
- 02/01/2021
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Old Dominion Freight Line: A Great Dividend Growth Stock
- Old Dominion Freight Line is one of the fastest-growing transportation stocks on the market (almost exclusively organic growth). So far, this has resulted in an extremely healthy balance sheet and strong free cash flow, providing investors with rapidly rising buybacks and dividends.
- 01/31/2021
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5 Companies Growing Earnings Fast
- Investors may be interested in the following companies, as they have expanded their revenue per share and Ebitda per share by more than 10% over the trailing five-year and 10-year periods through Jan. 18.
- 01/18/2021
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December LTL volumes ‘remain healthy'
- Less-than-truckload volumes appeared to remain elevated during December, according to Amit Mehrotra, managing director and head of transportation and shipping research at Deutsche Bank (NYSE: DB). The December data indicates the sequential monthly trends were in line with “typical seasonality,” however off of a higher base.
- 01/11/2021
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Old Dominion Freight Line's Fourth Quarter And Year-End 2020 Conference Call On The Internet
- THOMASVILLE, N.C., Jan. 6, 2021 /PRNewswire/ -- Old Dominion Freight Line, Inc. (Nasdaq: ODFL) announced today that it plans to release its fourth quarter and year-end 2020 financial results before opening of trading on Thursday, February 4, 2021. The Company will also hold a conference...
- 01/06/2021
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7 Cheap Stocks That Are Poised to Pop
- With earnings season around the corner, these seven stocks are looking up.
- 01/05/2021
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Declining LTL Tonnage Hurts Old Dominion (ODFL) Amid Low Debt
- Lower volumes due to soft freight demand is a concern for Old Dominion (ODFL). Meanwhile, the company's strong liquidity aids.
- 12/18/2020
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Old Dominion: Well-Run Company Poised To Deliver Long-Term Results
- Old Dominion has a large Economic Moat due to Network effects. The company's Return on Assets (ROA) absolutely blows out its industry peers.
- 11/18/2020
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After A 65% Rally Old Dominion Freight Line Stock Looks Expensive
- Old Dominion Freight Line stock is up 48% since the start of the year and it has gained around 65% from its March lows. Old Dominion Freight Line, an American less than truckload shipping company, faces downside risk as the company's revenues in the last two quarters have declined by 8%.
- 11/03/2020
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Old Dominion Freight Line, Inc. (ODFL) CEO Greg Gantt on Q3 2020 Results - Earnings Call Transcript
- Old Dominion Freight Line, Inc. (ODFL) CEO Greg Gantt on Q3 2020 Results - Earnings Call Transcript
- 10/27/2020
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Old Dominion sets record with 74.5% operating ratio
- Less-than-truckload (LTL) carrier Old Dominion Freight Line (NASDAQ: ODFL) set a new operating record during the third quarter of 2020, posting a 74.5% operating ratio (OR). On Tuesday the Thomasville, North Carolina-based company reported earnings per share of $1.71, 19 cents better than the consensus estimate and 34 cents better than the year-ago period.
- 10/27/2020
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Recap: Old Dominion Freight Line Q3 Earnings
- Shares of Old Dominion Freight Line (NASDAQ:ODFL) rose 0.3% in pre-market trading after the company reported Q3 results.
- 10/27/2020
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Industrials lead market sell-off, but these stocks could be about to bounce back
- As industrials slide Monday, Ari Wald of Oppenheimer and Michael Bapis of Vios Advisors at Rockefeller Capital share their top rebound picks.
- 10/26/2020
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Why Stocks Could Be Ready To Rally
- The market indexes pulled back significantly in the past week, with the NASDAQ 100 ETF losing 11% from its September high to its low this week.
- 09/11/2020
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The Sell-Off Accelerates, What To Do Now
- The S&P 500's sell-off accelerates. The best sectors and stocks to consider when it bottoms.
- 09/03/2020
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Old Dominion Rockets Higher As The Downturn Eases
- Old Dominion posted a double-digit decline in tonnage that was below some peers, and revenue was a tiny miss, but the company hit a new record for operating ratio.
- 08/31/2020
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You Can Still Buy Industrial And Technology Stocks, But Risk Controls Are Key
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50 Best S&P 500 Stocks Since February Peak
- The S&P 500 has rebounded to an all-time high, but stock-level dispersion is also quite high with meaningful laggards and strong outperformers.
- 08/28/2020
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Old Dominion: Great Execution Yet Moving To Neutral Following Significant Rally And Higher Valuation
- Old Dominion is one of the best execution stories in the transportation sector. I recommended buying it in early March and it is up more than 50% since then.
- 08/25/2020
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The Best Stocks To Buy On A Sell-Off
- We're seeing shifts in sector leadership that are worth watching. Our overbought indicator suggests reigning in risk.
- 08/25/2020
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Why I'm Worrying Over A Market Drop
- Our overbought indicator reaches rarefied air. It could be a good time to rein in risk by reducing margin and avoiding short-term calls.
- 08/17/2020
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Watch this level in FedEx for signs of a larger breakout, Piper Sandler says
- FedEx shares were lower Tuesday after hitting a record high earlier in the session. Craig Johnson of Piper Sandler is watching one level for a sign of more upside.
- 08/11/2020
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Can college football season be saved? Trump joins call to play this fall, despite pandemic risks
- President Donald Trump on Monday joined a U.S. senator and a number of coaches calling to save the college football season from a pandemic-forced shutdown as...
- 08/10/2020
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Trump, coaches push for college football as cracks emerge
- President Donald Trump joined a U.S. senator and a number of coaches hoping to save the college football season from a pandemic-forced shutdown
- 08/10/2020
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Cambridge Investment Research Advisors Inc. Increases Stake in Old Dominion Freight Line (NASDAQ:ODFL)
- Cambridge Investment Research Advisors Inc. increased its stake in Old Dominion Freight Line (NASDAQ:ODFL) by 14.6% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,457 shares of the transportation company’s stock after purchasing an additional 950 shares during the quarter. Cambridge Investment […]
- 08/09/2020
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These 4 Measures Indicate That Old Dominion Freight Line (NASDAQ:ODFL) Is Using Debt Reasonably Well
- Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
- 08/05/2020
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Old Dominion Footprint Expands; 9 Terminals Added So Far In 2020
- Old Dominion Freight Line (NASDAQ: ODFL) has already opened nine new less-than-truckload (LTL) terminals so far in 2019, it announced Monday. The Thomasville, North Carolina-based carrier's network of service centers now stands at 238.The facilities have been added in new and existing markets in efforts to expand capacity and improve shipping times."Even during an unprecedented time, we will continue to invest in our network and look for additional ways to improve our operations. Our goal is to build capacity to win market share, while shortening response time and transit times. Our investments align with our long-term strategic plan of investing in our business," Senior Vice President of Strategic Planning Chip Overbey said in a news release.The company reiterated its 2020 capital outlay of $195 million for real estate and expansion projects in its second-quarter earnings release last week. On its second-quarter earnings call, management noted several opportunities to increase its market share. They said that some of the freight the carrier had lost to lower prices early in the quarter was coming back to their network as shippers appear more willing to pay a premium for service.Old Dominion originally expected terminal projects to total $245 million at the beginning of the year before COVID-19 cast uncertainty on freight markets.On the call, management said revenue per day was down 19.3% year-over-year in April, the peak of the COVID downturn, but improved as the quarter progressed. The year-over-year revenue decline was 11.4% in June, with July only seeing a 3% dip as manufacturers have resumed operations and supply chains restock depleted inventories.The new facilities, representing nearly 500 doors, are located in Montana, Iowa, Texas, Arkansas, Indiana, Georgia, New York and two in Illinois. The bulk of the new door space is incremental, and the facilities have been constructed with the ability to expand in the future."Our customers are having to adapt to these rapidly changing times. Our newest service centers are integral to Old Dominion Freight Line's operations, accommodating unique customer needs and shipping higher volumes of goods. We will continue to invest in long-term solutions to help our customers keep their promises," concluded Overbey.Click for more FreightWaves articles by Todd Maiden. * Forward Air to expand pursuit of traditional less-than-truckload market * Intermodal growth here to stay, says Hub Group * Schneider eyes deployment of growing cash balanceSee more from Benzinga * Canadian Railways Expect Steady Grain Carload Volumes In 2020-2021 * Funding Go-Ahead For Mississippi River Deepening Seen As Boon For Exports * Isaias Disrupting East Coast Markets – FreightWaves NOW(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- 08/03/2020
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Old Dominion Freight Line Grows Service Center Network in 2020
- Leading LTL carrier invests in service center capacity to continue award-winning service THOMASVILLE, N.C., Aug. 03, 2020 (GLOBE NEWSWIRE) -- Old Dominion Freight Line, Inc. expands its network by adding nine service centers in new and existing markets during the first half of 2020. The steady growth solidifies the company’s strong presence across the United States, bringing total nationwide service center count to 238. The less-than-truckload (LTL) carrier’s new facilities include, Butte, Mont., Cedar Rapids, Iowa, Conroe, Texas, Jonesboro, Ark., Lafayette, Ind., LaGrange, Ga., Rochester, N.Y, Rock Island, Ill. and University Park, Ill.The nine new and renovated service centers are strategically placed for operational efficiency and designed with innovative technology. The Company’s investment in each market will support capacity needs, improve shipping time, and enhance delivery flexibility, allowing Old Dominion to better serve customers.“Even during an unprecedented time, we will continue to invest in our network and look for additional ways to improve our operations,” said Chip Overbey, senior vice president of strategic planning. “Our goal is to build capacity to win market share, while shortening response time and transit times. Our investments align with our long-term strategic plan of investing in our business.”Old Dominion selects new locations with the intent of better serving customers. Each service center is built with future growth in mind, including room to increase door-count, potential to hire additional employees, and equipped to leverage the latest technology. The new facilities allow the company to operate with a high standard of excellence and a commitment to employee growth, who are the backbone of each operation.“Our customers are having to adapt to these rapidly changing times. Our newest service centers are integral to Old Dominion Freight Line’s operations, accommodating unique customer needs and shipping higher volumes of goods. We will continue to invest in long-term solutions to help our customers keep their promises,” said Overbey.Old Dominion’s service center openings include: * Butte, Mont. – Butte is strategically located near two major highways, I-90 and I-15, and in close proximity to two class I railroads, the Union Pacific Railroad and Burlington Northern Sante Fe Railroad. In addition, the port of Montana provides a variety of services. This 20.25-acre and 42-door service center is a critical gateway to improve deliveries to Canada's international border. As one of six service centers in Montana, this location allows Old Dominion to improve service offerings, shipping times, and better serve customers. * Cedar Rapids, Iowa – Located on nine acres, the Cedar Rapids service center operates with 44 doors and room to increase by up to 20 doors in the future. The facility will service the surrounding communities, including Cedar Rapids, Waterloo, Cedar Falls, Iowa City, Mt. Pleasant, Manchester, and Dyersville, where “Field of Dreams” from the 1989 movie is located. * Conroe, Texas – As the Houston metro area continues to see sustained growth, Old Dominion adds an additional service center to the market. This facility has 63 doors on nearly 25 acres and is equipped to expand by up to 100 more doors if needed. The Conroe service center currently has 27 employees. * Jonesboro, Ark. – Just three miles from its previous location, the new Jonesboro service center is one of the largest LTL facilities in Northeast Arkansas and the Missouri Bootheel. The new facility is sixty-four percent larger than the previous location, sitting on 14.67 acres of land, with 44 doors and the potential to add over 30 more doors. As one of four Old Dominion service centers in Arkansas, the Company has proudly served this community for over 12 years. * Lafayette, Ind. – Old Dominion opened the Lafayette service center to accommodate the region’s recent growth. The new facility sits on 23.1 acres with 42 doors and space to double the door count in the future. As the sixth service center in Indiana, the Lafayette location will increase capacity in the area and help OD to provide faster response and service times. The service center immediately created eight new jobs. * LaGrange, Ga. – Located near the Georgia and Alabama border, the move to the new 63-door service center sits in a prime location by two major interstates, I-85 and I-185, and near major retail distribution centers and industrial manufacturers. The LaGrange location is one of ten service centers in the Peach State. * Rochester, N.Y. – Old Dominion returns to the Rochester area after moving operations to a nearby community in the early 2000s. This service center brought 17 new jobs to the community. The remodeled facility has 28 doors and sits in a central location to offer closer proximity to customers. The Rochester location plays a critical role in delivering shipments to and from Canada. * Rock Island, Ill. – The Rock Island service center serves major markets like Chicago, Milwaukee, Minneapolis, Des Moines, Kansas City, St. Louis, Omaha and Indianapolis. Located only a few minutes from the second-longest interstate in the country, I-80, the 77-door facility was built on 24 acres. Over the last five years, the economic strength in the Quad-Cities region increased by 5.2 percent. * University Park, Ill. – Out of all of the new service centers this year, the University Park facility has the highest door count with 86 doors. It is strategically placed to provide easy access to the state's major interstates, I-57, I-355, I-80, I-294, and I-94. A high door count and ideal location allows the Company to reduce stem time to the customers and adds more capacity. The new facility moves a variety of essential products like food, cleaning supplies, tires, over-length items and more. This service center also has a unique feature where the dock has trailer bumpers, which helps keep the elements out of the dock.The newest service centers are examples of Old Dominion’s investment and commitment to its customers as the Company continues to enter new markets, operate with efficiency to meet high standards and further solidify OD’s promise of transporting shipments on-time and in-full.For more information about Old Dominion, visit www.odfl.com or call (800) 432-6335. On Twitter: @ODFL_Inc and Facebook: Old Dominion Freight Line Inc. About Old Dominion Freight Line, Inc.Old Dominion Freight Line, Inc. is a leading, less-than-truckload (“LTL”), union-free motor carrier providing regional, inter-regional and national LTL services through a single integrated organization. Our service offerings, which include expedited transportation, are provided through an expansive network of service centers located throughout the continental United States. Through strategic alliances, the Company also provides LTL services throughout North America. In addition to its core LTL services, the Company offers a range of value-added services including container drayage, truckload brokerage and supply chain consulting.Attachment * Cedar Rapids, IA Service Center CONTACT: Kate Redding Old Dominion Freight Line 404-266-7578 kredding@webershandwick.com
- 08/03/2020
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Old Dominion Makes Its Favored LTL Benchmark Clear: Revenue Per Shipment
- With numerous metrics to determine how a less-than-truckload (LTL) company is doing, the CFO at Old Dominion Freight Line, Inc. (NYSE: ODFL) talked this week about the measurement that his company likes to look at: revenue per shipment.In a conference call with earnings analysts following the release of the company's strong second-quarter earnings report, ODFL CFO Adam Satterfield said that metric is one that the company favors as a barometer of the strength of the business. "We believe revenue per shipment is a better measurement, as we focus internally on maintaining a positive spread between our revenue and cost per shipment," Satterfield said.Focusing on that spread is vital, Satterfield said. "Managing those two factors [revenue and cost per shipment] has really been a key contributor to our long-term ratio improvement," he said. Old Dominion's operating ratio was 10 basis points improved in the quarter. It's a small amount, but it stands in sharp contrast to XPO, where the OR in its LTL division shot up about 10 percentage points, depending on the measuring stick. While some of ODFL's metrics were down in the challenging second quarter, revenue per shipment was up. Old Dominion's revenue per shipment excluding fuel was $321.47, up from $306.37, a gain of 4.9%. Satterfield said that rate of increase was "relatively consistent with the change in the first quarter of 2020, as well as our long-term trends." The gain in revenue per shipment stood in contrast to some other key LTL metrics that declined (yet the company's OR improved regardless). Old Dominion's revenue per hundredweight, another key metric, was down to $21.85 from $22.72.But Satterfield noted that revenue per hundredweight has some flaws. According to a transcript of the earnings call supplied by SeekingAlpha, Satterfield said that metric is subject to "multiple factors" that can have a "significant impact" on its calculation. He specified average length of haul and weight per shipment as two of those factors. The relationship between changes in revenue per hundredweight and changes in Old Dominion's mix of freight are not "linear," Satterfield said. "As a result, revenue per hundredweight is a tough measure to evaluate, when the mix of our business changes so significantly like it did during the second quarter," he said.Weight per shipment was volatile during the second quarter for Old Dominion, one of the reasons why Satterfield suggested revenue per hundredweight was a less-than-stellar barometer. Satterfield said Old Dominion's weight per shipment was about 1,600 pounds in January and February and then climbed to 1,677 pounds in April. It worked its way back toward 1,600 pounds in June. View more earnings on ODFLWeight per shipment, depending on the mix, is a double-edged sword for LTL carriers. Depending on what is driving the gains, higher is not necessarily better. Satterfield said one of the reasons it reached the 1,670-pound level is that in the early days of the pandemic, national accounts continued to be consistent users of Old Dominion's services but some smaller accounts did not. Some of those smaller accounts are returning to the fold, Satterfield said, bringing the number back to 1,600. That bigger is not always better was evident in this answer from Satterfield to an analyst's question: "We're happy to see it kind of coming back to the 1,600-pound range. If we can see that stay around that sort of level for the time being, that would be a good trend and contributor too to the overall revenue per shipment that we're seeing."Price negotiations are more positive than revenue per hundredweight indicatesSatterfield, noting that drop in revenue per hundredweight, said that could be construed as a sign of a weakening market. But the CFO said that is not the case. "While the change in revenue per hundredweight might suggest otherwise, we continue to negotiate rate increases during the second quarter and believe underlying pricing trends remained relatively consistent," he said. Satterfield, in response to an analyst's question, said Old Dominion did lose some business earlier in the year as it stuck to the line on pricing. "In the early part of this quarter, that may have impacted some of our volumes as well," he said. "But ... we are starting to see some volumes coming back to us. That's been an encouraging trend."CEO Greg Gantt echoed Satterfield, noting the return of some lost business. "We did see customers more likely to put out bids and rebid the freight, and that was definitely a challenge for us," Gantt said. But he added that Old Dominion did gain some business from competitors, "and fortunately, we are gaining back some revenue that we lost earlier, because they couldn't meet the service standards they had with us."On a separate issue, Gantt said Old Dominion has "somewhat of an appetite for an acquisition. I just don't know who that is or exactly what that is." He added that ODFL is "not looking at anything currently."More articles by John KingstonRyder sees weak market for used vehicles lingering, and it has a glut of themU.S. Xpress has strong second quarterDrilling Deep: The LTL model adapts to the COVID-19 worldSee more from Benzinga * Old Dominion Held The Line On Costs, Has Slight Uptick In OR Even As Volume Dropped * Geofencing Data: Less-Than-Truckload Boost Carries Into June * Trying To Make Sense Of The YRC Bailout(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- 07/31/2020
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Old Dominion Freight Line Inc (ODFL) Q2 2020 Earnings Call Transcript
- This conference call may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements, among others, regarding Old Dominion's expected financial and operating performance. You are hereby cautioned that these statements may be affected by the important factors, among others, set forth in Old Dominion's filings with the Securities and Exchange Commission and in this morning's news release. At this time for opening remarks, I would like to turn the conference over to the company's President and Chief Executive Officer, Mr. Greg Gantt.
- 07/31/2020
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Old Dominion Makes Its Favored LTL Benchmark Clear: Revenue Per Shipment
- With numerous metrics to determine how a less-than-truckload (LTL) company is doing, the CFO at Old Dominion Freight Line, Inc. (NYSE: ODFL) talked this week about the measurement...
- 07/31/2020
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Old Dominion's (ODFL) Q2 Earnings Top Estimates, Decline Y/Y
- Dismal performance of the Less-Than-Truckload Services unit dents Old Dominion's (ODFL) Q2 results. Lower expenses, however, offer some relief.
- 07/30/2020
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Old Dominion Freight Line, Inc. (ODFL) CEO Greg Gantt on Q2 2020 Results - Earnings Call Transcript
- Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Q2 2020 Earnings Conference Call July 30, 2020, 09:00 AM ET Company Participants Greg Gantt - President and CEO Adam Satterfield - CFO Conference Call Participants Jack Atkins - Stephens Todd Fowler - KeyBanc Capital Markets Chris Wetherbee - Citi Allison Landry - Credit Suisse Jason Seidl - Cowen Scott Group - Wolfe Research David Ross - Stifel Ari Rosa - Bank of America Amit Mehrotra - Deutsche Bank Jordan Alliger - Goldman Presentation Operator Good morning.
- 07/30/2020
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Old Dominion Held The Line On Costs, Has Slight Uptick In OR Even As Volume Dropped
- Less-than-truckload (LTL) carrier Old Dominion Freight Line, Inc. (NASDAQ: ODFL) turned in a second quarter that saw it actually improve its operating ratio (OR), though several metrics on the volume side of the ledger were down.Total revenue for the company was down 15.5% to $896.2 million from $1.06 billion, a drop of 15.5%. The LTL services revenue line of $884.0 million made up the bulk of that, down 15.6% from the year-ago period.Operating income fell at a pace roughly in line with the decline in revenue. Operating income was down 15.1% to $199.1 million, down from $234.4 million. But the company's OR ticked up 10 basis points to 77.8% from 77.9%. Where Old Dominion saw big changes was in its costs. Operating expenses for salaries, wages and benefits dropped to $460.9 million from $532.5 million, a decrease of 11.7%. Since such expenses are generally viewed as "sticky," that sort of decline against a revenue drop of 15.5% is a significant accomplishment. The numbers on average full-time employees tell the story – there were 17,911 employees in the second quarter of 2020 and 20,735 in the second quarter of 2019. The transportation analysis team at Deutsche Bank was impressed. In a quick analysis of the earnings put out soon after the Old Dominion numbers were released, the team led by Amit Mehrotra wrote that ODFL "exhibited very strong cost performance in a very difficult top-line environment," the Deutsche Bank report said. The overall cost decline was 15.6% against a drop in revenues of 15.5%, allowing for the slight improvement in OR. View more earnings on ODFLThe Deutsche report noted that the cost line of "operating supplies and expenses" was just 8.4% of sales, which the report said is likely the smallest in company history. Operating supplies and expenses plummeted to $75.4 million from $122.4 million, a drop of a whopping 38%."Clearly ODFL took a hard line on discretionary costs in the quarter, which together with best-in-class management of the other aspects of its cost structure, equated to a nice bottom-line beat," Deutsche wrote.More articles by John KingstonRyder sees weak market for used vehicles lingering and it has a lot of themUS Xpress has strong second quarterNew Jersey court ruling victory for employers seeking to compel arbitrationSee more from Benzinga * Geofencing Data: Less-Than-Truckload Boost Carries Into June * Trying To Make Sense Of The YRC Bailout * April The Bottom For Less-Than-Truckload?(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- 07/30/2020
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Old Dominion Freight Line (ODFL) Q2 Earnings and Revenues Surpass Estimates
- Old Dominion (ODFL) delivered earnings and revenue surprises of 21.36% and 0.14%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?
- 07/30/2020
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Recap: Old Dominion Freight Line Q2 Earnings
- Shares of Old Dominion Freight Line (NASDAQ:ODFL) rose 1.1% in pre-market trading after the company reported Q2 results.Quarterly Results Earnings per share decreased 42.13% year over year to $1.25, which beat the estimate of $1.08.Revenue of $896,210,000 declined by 15.53% from the same period last year, which missed the estimate of $900,350,000.Guidance Old Dominion Freight Line hasn't issued any earnings guidance for the time being.Old Dominion Freight Line hasn't issued any revenue guidance for the time being.How To Listen To The Conference Call Date: Jul 30, 2020View more earnings on ODFLTime: 10:00 AMET Webcast URL: https://www.webcaster4.com/Webcast/Page/1053/35633Recent Stock Performance 52-week high: $227.2152-week low: $119.01Price action over last quarter: Up 30.17%Company Profile Old Dominion Freight Line is the third- largest less-than-truckload carrier in the United States, with more than 235 service centers and 9,200-plus tractors. OD is by far one of the most disciplined and efficient providers in the trucking industry, and its profitability and capital returns stand head and shoulders above its peers. Strategic initiatives revolve around increasing network density through market share gains and maintaining industry- leading levels of service through consistent infrastructure investment.See more from Benzinga * Earnings Scheduled For July 30, 2020(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- 07/30/2020
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Old Dominion Freight Line Reports Second Quarter 2020 Earnings Per Diluted Share of $1.25
- Old Dominion Freight Line, Inc. (Nasdaq: ODFL) today announced financial results for the three-month and six-month periods ended June 30, 2020.
- 07/30/2020
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Nikola vs. Tesla Stock: Comparing the Two Electric-Vehicle Makers
- Batman versus Superman. Yankees-Red Sox. Nikola Tesla versus Thomas Edison. These are some of the greatest rivalries of all time. Nikola bulls hope
- 07/27/2020
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Rising Risk? Here's What You Can Buy
- Volatility caused by dismal economic data creates opportunities. Our overbought reading is heating up, suggesting you proactively pick entry points.
- 07/24/2020
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Will Coronavirus Woes Hurt Old Dominion's (ODFL) Q2 Earnings?
- Decline in LTL tons per day and LTL revenue per hundredweight is likely to get reflected in Old Dominion's (ODFL) second-quarter 2020 performance.
- 07/24/2020
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Tesla's Stock Is 28% Overvalued (And It's Not Alone), Analysts Say
- Tesla's blowout profit justifies some of its stock run-up. It also ups the S&P 500 inclusion odds. But analysts think Tesla shares are grossly overvalued.
- 07/24/2020
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Earnings Preview: Old Dominion Freight Line (ODFL) Q2 Earnings Expected to Decline
- Old Dominion (ODFL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 07/23/2020
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Old Dominion Freight Line Announces $0.15 Per Share Quarterly Cash Dividend
- Old Dominion Freight Line, Inc. (Nasdaq: ODFL) today announced that its Board of Directors has declared a quarterly cash dividend of $0.15 per share of common stock, payable on September 16, 2020, to shareholders of record at the close of business on September 2, 2020. After giving effect to the Company’s March 2020 three-for-two stock split, this dividend represents a 32.4% increase over the dividend paid in September 2019.
- 07/23/2020
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ARCB vs. ODFL: Which Stock Is the Better Value Option?
- ARCB vs. ODFL: Which Stock Is the Better Value Option?
- 07/22/2020
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XPO Logistics Has More Room To Run
- XPO Logistics stands to benefit from the improving demand trends across different markets. The company has a resilient business model.
- 07/22/2020
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Ex-student pleads to swatting conspiracy with neo-Nazi
- A former Old Dominion University student who targeted his school with a fake bomb threat so he could skip class has pleaded guilty to a swatting conspiracy that ended up encompassing a neo-Nazi leader
- 07/21/2020
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American Tower Corp. - The Top Pick In ESG Infrastructure Investing
- We conducted an in-depth study on the infrastructure sector with an ESG lens concluding that our number one pick is American Tower Corp.
- 07/16/2020
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Top Stocks To Buy On A Sell-Off
- Let your winners continue winning, but begin compiling a watch list to buy on a pullback. These top-ranked industries are the best hunting ground for ideas.
- 07/13/2020
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Forward Air Corporation Announces New LTL Service in Savannah, Georgia
- Forward Air Corporation (NASDAQ: FWRD) (the “Company or “Forward”) is executing a growth strategy that involves organic infrastructure investments as
- 07/13/2020
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Stocks To Watch: Bank Earnings And SPAC Deals Blaze In
- Welcome to Seeking Alpha's Stocks to Watch - a preview of key events scheduled for the next week. Follow this account and turn the e-mail alert on to receive this article in your inbox every Saturday morning.
- 07/11/2020
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Were Hedge Funds Right About Old Dominion Freight Line, Inc. (ODFL)?
- We know that hedge funds generate strong, risk-adjusted returns over the long run, which is why imitating the picks that they are collectively bullish on can be a profitable strategy for retail investors. With billions of dollars in assets, professional investors have to conduct complex analyses, spend many resources and use tools that are not […]
- 07/10/2020
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Shares of Old Dominion Have Outrun the Competition So Far in 2020. Here's Why. | The Motley Fool
- The trucking giant used strong cost discipline to drive through the COVID-19 crisis.
- 07/06/2020
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Geofencing Data: Less-Than-Truckload Boost Carries Into June
- Less-than-truckload (LTL) volumes continued to improve throughout May and into the first week of June, said Deutsche Bank (NYSE: DB) analyst Amit Mehrotra in a note to clients.He reported that in the first week of June, LTL activity levels improved 7% versus the average levels seen in May and were up 8% compared to the last week of May. Mehrotra believes that Old Dominion Freight Line (NASDAQ: ODFL) and SAIA (NASDAQ: SAIA) outperformed the average increase and United Parcel Service, Inc. (NYSE: UPS) and YRC Worldwide (NASDAQ: YRCW) underperformed.The investment firm has mapped approximately 1,000 LTL service sites, providing it with a high-frequency geolocation dataset for the LTL industry. The geofencing data covers all regions for major public and private LTL carriers, including all of Old Dominion's more than 200 facilities. The week-by-week analysis evaluates shipment trends for both regional and national carriers. The note said that the firm hasn't mapped XPO Logistics (NYSE: XPO) facilities yet.The regional data showed "sharp inflections." The Midwest saw activity improve 19% and the Northeast climbed 28% in the first week of June compared to the last week of May. The data shows that activity "stabilized at lower levels" in the Southwest. Chart: dbDIG Primary ResearchThe PMI, a survey of manufacturing supply executives, jumped 9.5 percentage points in June to a level of 52.6%. A reading above 50% implies expansion in the U.S. manufacturing sector. This was the second consecutive monthly improvement in the survey. The New Orders Index increased 24.6 percentage points from May to 56.4%, with the Production Index climbing 24.1 percentage points to 57.3%.Manufactured goods can represent nearly 85% of total tonnage for some LTL carriers.The early June data is a continuation of a meaningful recovery from the COVID-19-induced lows seen in April. Many LTL carriers highlighted improving tonnage and revenue trends from April to May in their midquarter reports.ArcBest Corp. (NASDAQ: ARCB) and Old Dominion reported year-over-year revenue declines of around 20% in April and in the mid- to high teens in May. SAIA reported a 12.9% year-over-year decline in April tonnage, with May tonnage down only 8.8%. SAIA doesn't provide midquarter yield metrics."Our observations are positive for our overall bullish stance on LTL industry and pricing dynamics, with our top picks remaining XPO and SAIA, and only valuation keeping us on the sidelines with respect to ODFL," concluded Mehrotra.Click for more FreightWaves articles by Todd Maiden. * Trying to make sense of the YRC bailout * YRC gives government 30% stake in its latest financial bailout * million financing keeps Workhorse's share surge hummingSee more from Benzinga * Current Volume Level Is Likely Unsustainable, But Just How High Can We Expect Throughput To Be Post-Fourth? * Pandemic Prompts DHL To Beef Up Expedited LCL Services * Fourth of July, 2020: U.S. Fireworks Industry Annual Revenue(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- 07/03/2020
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Old Dominion Freight Line's Second Quarter 2020 Conference Call On The Internet
- Old Dominion Freight Line, Inc. (Nasdaq: ODFL) announced today that it plans to release its second quarter 2020 financial results before opening of trading on Thursday, July 30, 2020. The Company will also hold a conference call to discuss its financial results and outlook at 10:00 a.m. (Eastern Time) on Thursday, July 30, 2020.
- 07/02/2020
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JBHT vs. ODFL: Which Stock Is the Better Value Option?
- JBHT vs. ODFL: Which Stock Is the Better Value Option?
- 07/01/2020
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A Trucking Company You Never Heard of Just Borrowed Money From the Government. Why Its Stock Has Doubled.
- Trucking company YRC Worldwide shares are up 130% in premarket trading after getting a huge loan from the government. The move shows that it pays to have friends in high places.
- 07/01/2020
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Old Dominions (ODFL) Gains From Strength in Liquidity Position
- Old Dominion's shareholder friendly measures and liquidity position are aiding the stock. Meanwhile, supply chain disruptions are a headwind.
- 06/30/2020
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Monday’s TSX breakouts: A rising dividend stock displaying a bullish ‘golden cross’
- This industrial company is well-liked by analysts on the Street
- 06/29/2020
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10 Semi-Controversial Traits Of Some Of The Best Stocks
- About 25% of stocks are responsible for all of the market gains. If you want to generate alpha, you have to look for them, buy them and hold them for as long as
- 06/28/2020
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Morgan Stanley Increases Stock Holdings in Old Dominion Freight Line (NASDAQ:ODFL)
- Morgan Stanley lifted its holdings in shares of Old Dominion Freight Line (NASDAQ:ODFL) by 106.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 254,413 shares of the transportation company’s stock after acquiring an additional 131,271 shares during the period. […]
- 06/27/2020
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Don't Buy Falling Financials, Buy These Stocks Instead
- Stress test results put the brakes on banking stocks. Healthcare and technology are better sectors for alpha-generating ideas. Top stocks to add to watch lists
- 06/26/2020
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In Ohio, a Glint of Hope Among Heartbreak - BNN Bloomberg
- In a cavernous Northeast Ohio factory that General Motors Co. abandoned last year, a small group of engineers is coaxing dormant robots back to life -- one by one -- in a long-shot bid to build a new type of pickup truck.
- 06/24/2020
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Kenny Chesney 2020 Chillaxification Rescheduled Shows
- The Messina Touring Group announces the rescheduled stadium dates for Chesney's Chillaxification Tour which will visit 18 venues.
- 06/17/2020
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Alliancebernstein L.P. Has $19.64 Million Stake in Old Dominion Freight Line (NASDAQ:ODFL)
- Alliancebernstein L.P. boosted its position in shares of Old Dominion Freight Line (NASDAQ:ODFL) by 6.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 149,588 shares of the transportation company’s stock after purchasing an additional 8,830 shares during the quarter. Alliancebernstein L.P. owned 0.13% of […]
- 06/17/2020
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Who will be next Giants player to get 10 sacks? Oshane Ximines, Leonard Williams among 6 candidates
- The New York Giants will likely rely on edge rushers Oshane Ximines, Lorenzo Carter and Kyler Fackrell to generate a pass rush in 2020.
- 06/16/2020
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Chesney Fans Can Get Reimbursed For Concert | PYMNTS.com
- Kenny Chesney's Chillaxification Tour's stop at Inglewood's SoFi Stadium will be rescheduled, and fans can receive refunds or attend next year's concert.
- 06/16/2020
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Kenny Chesney reschedules 'Chillaxification' tour to 2021
- Kenny Chesney shared new dates for his "Chillaxification" tour with Florida Georgia Line, Old Dominion and Michael Franti & Spearhead.
- 06/15/2020
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Old Dominion Freight Lines: It's About the Price
- A fast-growing Buffett-Munger stock with a high price tag Continue reading...
- 06/12/2020
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Victory Capital Management Inc. Has $59.06 Million Position in Old Dominion Freight Line (NASDAQ:ODFL)
- Victory Capital Management Inc. boosted its holdings in Old Dominion Freight Line (NASDAQ:ODFL) by 125.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 449,924 shares of the transportation company’s stock after buying an additional 249,995 shares during the period. Victory Capital Management Inc. […]
- 06/10/2020
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Big East Conference announces divisions, regional schedule for fall sports
- As athletic departments navigate the economic fallout of the COVID-19 pandemic, the Big East is already taking steps to reduce travel.
- 06/09/2020
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The Highest-Growth Stock in Every Sector
- Barron’s screened each sector of the S&P; 500 for stocks with the highest long-term growth rate, paired with year-to-date returns.
- 06/09/2020
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Should You Avoid Old Dominion Freight Line, Inc. (ODFL)?
- In this article we will take a look at whether hedge funds think Old Dominion Freight Line, Inc. (NASDAQ:ODFL) is a good investment right now. We check hedge fund and billionaire investor sentiment before delving into hours of research. Hedge funds spend millions of dollars on Ivy League graduates, unconventional data sources, expert networks, and […]
- 06/03/2020
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April The Bottom For Less-Than-Truckload?
- Old Dominion Freight Line (NASDAQ: ODFL) reported a 16.2% year-over-year decline in revenue per day during May as tonnage declined 12.1% and revenue per hundredweight, or yield, moved lower.The less-than-truckload (LTL) carrier reported the May tonnage decline was the combination of a 16.7% decline in shipments, partially offset by a 5.4% increase in weight per shipment.So far through the second quarter of 2020, revenue per hundredweight is down 4.7% year-over-year, 1.4% lower excluding fuel surcharges, compared to the same period in 2019.The May declines are less severe than the 19.3% year-over-year decline in revenue per day during April, which was the result of a 15.3% decline in tonnage (shipments down 22% with weight per shipment 8.5% higher) and a 4.8% decline in revenue per hundredweight, down 2% excluding fuel."Old Dominion's revenue results for May reflect the significant decline in the domestic economy as well as a decrease in fuel surcharge revenue. While economic uncertainty continues, we are encouraged by the gradual improvement in our daily revenue trend throughout the month of May," said President and CEO Greg Gantt.The year-over-year revenue decline is partly due to the precipitous drop in diesel fuel prices, which has resulted in lower fuel surcharge revenue for the carrier. Average diesel prices have moved more than 20% lower in the quarter compared to the same period of 2019. However, the spread between wholesale and retail diesel prices has widened in the second quarter, which presents a tailwind for earnings.Chart: SONAR: DOE.USAGantt's reference to improvement in revenue trends as May progressed was noted by Deutsche Bank AG (NYSE: DB) analyst Amit Mehrotra on a conference call with clients on June 1. The investment firm has been monitoring activity levels at Old Dominion's more than 200 terminal locations using geofencing technology. Mehrotra said the data showed activity around the carrier's facilities improved 21% from the first week of May to the last.Johns Creek, Georgia-based LTL carrier Saia Inc (NASDAQ: SAIA) provided a mid-quarter update on Wednesday, June 3, as well. The carrier reported a 16.2% year-over-year decline in shipments during April as tonnage dropped 12.9%, partially offset by a 4% increase in weight per shipment. May's results were better with shipments down 9.2% and tonnage off 8.8% compared to May 2019.During Mehrotra's conference call, he said the Old Dominion data, which showed activity improving 15% from April to May in the Northeast, would bode well for Saia's May results. Saia has significantly added terminal capacity in the region over the last three years. In a note out to client's today, Mehrotra said, "To be sure, June will be more telling, but we remain optimistic that LTL volumes (and freight volumes more broadly) bottomed in April and will see a steady improvement, which has positive implications for transportation equities and valuation. In this context we're encouraged by both ODFL and SAIA's update today."Shares of ODFL are up less than 1% in early trading with shares of SAIA moving nearly 3% higher. ArcBest Corp's (NASDAQ: ARCB) shares are up nearly 8% on a rating upgrade from Bank of America Corp (NYSE: BAC).See more from Benzinga * Drayage update: The Future Of EDI (With Video) * APL England Master Charged Following Loss Of Containers * Truckers On Edge As Civil Unrest Rages In Major U.S. Cities(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- 06/03/2020
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Old Dominion Freight Line Provides Update for Second-Quarter 2020
- Old Dominion Freight Line, Inc. (Nasdaq: ODFL) today reported certain less-than-truckload ("LTL") operating metrics for May 2020. Revenue per day decreased 16.2% as compared to May 2019 due to a 12.1% decrease in LTL tons per day and a decrease in LTL revenue per hundredweight. The change in LTL tons per day was attributable to a 16.7% decrease in LTL shipments per day that was partially offset by a 5.4% increase in LTL weight per shipment. For the quarter-to-date period, LTL revenue per hundredweight and LTL revenue per hundredweight excluding fuel surcharges decreased 4.7% and 1.4%, respectively, as compared to the same period last year.
- 06/03/2020
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April The Bottom For Less-Than-Truckload?
- Old Dominion Freight Line (NASDAQ: ODFL) reported a 16.2% year-over-year decline in revenue per day during May as tonnage declined 12.1% and revenue per hundredweight, or yield,...
- 06/03/2020
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Top Industrial Stocks for June 2020
- The industrial sector includes companies that produce machinery, equipment, and supplies that are used in construction and manufacturing, as well as providing related services. Well-known companies in this group include Honeywell International Inc. (HON), Lockheed Martin Corp. (LMT), and 3M Co. (MMM). The industrial sector also includes companies that provide air transportation services such as American Airlines Group Inc. (AAL).
- 05/28/2020
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A Tale Of Two Cities And How They're Welcoming Trucking Facilities
- Trucking facilities tend to leave a sizable footprint in the communities where they operate. Their construction and expansion can become a flashpoint and set off local political battles.Love's Travel Stops is facing some of that opposition in its attempt to build a truck stop in Glendale, Arizona, on what had been farmland. More than halfway across the country, Old Dominion Freight is trying to build a new terminal in Youngstown, Ohio, where it already has one. There, the company appears likely to receive tax breaks to support its efforts.The opponents don't always win. Consider the case about 18 months ago of a new Pilot J travel center in the Los Angeles region, with the prospect of almost 200 new parking spots. It ultimately was approved.In the case of Love's in Glendale, a spokesman for the city said, "Some neighbors in the area have raised concerns. The city has provided opportunities for them to voice concerns at council meetings, public hearings and a neighborhood meeting."In a news report about the dispute carried by KNXV, the local ABC affiliate in Phoenix, a resident named CJ Unzen said of those opposed to the Love's facility that the group is worried about potential crime, safety issues and diesel fumes. "We're not against the trucking industry, we're not against truckers and we're not even against truck stops," she said. "We just do not believe that this is the right location — we do not believe that they should be near any neighborhoods."The area where the former farmland is targeted for the travel center had been in an unincorporated section near Glendale. But it has since been annexed by the city.The story also said city planning staff had made a presentation on the project late last year, identifying the travel center as being in line with current uses in the area, which is near a major highway, Loop 303, which links Interstate 10 west of Phoenix with north-south Interstate 17. "City staff cited the growing number of warehouses and industrial buildings built or planned for the area near where the travel center would be built," the news report said. There is no other truck stop in Glendale. A spokesman for Love's in the story published by KNXV said if the Love's was built, it would be the 13th in the state for the chain.In response to an email from FreightWaves, a Love's spokeswoman said the company did not yet know how many parking spaces would be part of the project. The spokeswoman also confirmed comments in the KNXV story from Love's spokesman Chad Previch, who was quoted as saying that the city has worked with a traffic engineer on a study that is being reviewed by Glendale and the state. He also said Love's would take up 10-12 acres of the site.In Ohio, Old Dominion Freight Line wants to build a second terminal in Warren County in the northwest portion of that state. According to a story in the Tribune Chronicle, the LTL carrier is seeking a property tax break on the site, which would be built in Lordstown. The local newspaper said approval for the tax request "seems likely." It also said the tax break would result in a drop of about 60% in ODFL's tax bill over 10 years. Although the project is slated at $6 million, the size of the tax bill can't be known yet. But the Tribune Chronicleestimated it would be about $27,500 per year compared to the levy if there was no break offered. .Lordstown is the location of a shuttered GM plant that was bought late last year by Lordstown Motors, which has plans to build battery-powered pickup trucks at the site. GM, however, is planning on building a battery plant in Lordstown and the planned ODFL site is adjacent to that, according to the Tribune Chronicle.See more from Benzinga * Getting Crews On And Off Ships And Airplanes * US Rail Volumes Rise On A Week-To-Week Basis * E-commerce Drives Multi-Pronged Expansion At UPS Airlines(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- 05/27/2020
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Old Dominion's Board Approves Dividend of 15 Cents Per Share (Revised)
- Despite coronavirus concerns, Old Dominion's (ODFL) commitment to reward its shareholders is encouraging.
- 05/27/2020
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Old Dominion (ODFL) Up 12.4% Since Last Earnings Report: Can It Continue?
- Old Dominion (ODFL) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
- 05/23/2020
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Old Dominion Slashes Dividend by 35% Amid Coronavirus Woes
- Amid coronavirus concerns, Old Dominion (ODFL) cuts quarterly dividend by approximately 35% to 15 cents per share.
- 05/22/2020
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Which fans can attend a CFB game this fall?
- A look at how schools will approach which fans will be able to attend games this fall.
- 05/21/2020
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Old Dominion Freight Line Announces $0.15 Per Share Quarterly Cash Dividend
- Old Dominion Freight Line, Inc. (Nasdaq: ODFL) today announced that its Board of Directors has declared a quarterly cash dividend of $0.15 per share of common stock, payable on June 17, 2020, to shareholders of record at the close of business on June 3, 2020.
- 05/21/2020
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Are Strong Financial Prospects The Force That Is Driving The Momentum In Old Dominion Freight Line, Inc.'s NASDAQ:ODFL) Stock?
- Old Dominion Freight Line's's (NASDAQ:ODFL) stock is up by a considerable 12% over the past month. Since the market...
- 05/14/2020
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As transports tumble, technical analyst sees one winner and one loser in the space
- Transports have tumbled this year. Ari Wald of Oppenheimer reveals which names to avoid and which to give a second look.
- 05/12/2020
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YRC Worldwide Inc. (YRCW) CEO Darren Hawkins on Q1 2020 Results - Earnings Call Transcript
- YRC Worldwide Inc. (NASDAQ:YRCW) Q1 2020 Results Conference Call Mau 11, 2020 05:00 PM ET Company Participants Eric Berg - VP, IR Darren Hawkins - CEO Jamie Pie
- 05/12/2020
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OmniTRAX is First Railroad in Georgia Pacific’s Point A Center for Supply Chain Innovation
- OmniTRAX is the first railroad to join Georgia-Pacific’s Point A Center for Supply Chain Innovation.
- 05/07/2020
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Triad trucking firm announces $700 million stock repurchase program
- Old Dominion Freight Line's board of directors has authorized a two-year, $700 million stock repurchase plan.
- 05/01/2020
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Old Dominion Freight Line Announces New $700 Million Stock Repurchase Program
- Old Dominion Freight Line, Inc. (Nasdaq: ODFL) today announced that its Board of Directors has approved a new two-year stock repurchase program authorizing the repurchase of up to $700 million of its outstanding common stock. This new repurchase program will commence upon the completion, expiration or
- 05/01/2020
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Why trucking companies secretly hate rock-bottom fuel prices
- The dip in fuel is actually hurting some trucking companies — thanks to a pricing quirk that allows some companies to benefit from high fuel prices.
- 05/01/2020
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Wrestling: Northern Iowa adds Junior All-American to 2020 recruiting class
- Dajun Johnson had originally signed with Old Dominion. Now he's coming to Cedar Falls.
- 04/29/2020
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Old Dominion Will Prove Its Superiority Through The Downturn, But The Price Gives Pause
- Old Dominion once again demonstrated excellent cost control, with a 60bp improvement in operating ratio on flat revenue and decreased shipment volume. Managemen
- 04/28/2020
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Next 10 S&P 500 Stocks That Rose In The Crisis: It’s A Market Of Stocks: Part 2
- In part 1 of this 3 part series I provided a quick cursory look at 10 of 30 stocks that MarketWatch pointed out have done very well in spite of the coronavirus market crash. In that first group of 10, there were several names that were reasonably valued.
- 04/27/2020
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Old Dominion Freight Line to Post Q2 2020 Earnings of $1.03 Per Share, KeyCorp Forecasts (NASDAQ:ODFL)
- Old Dominion Freight Line (NASDAQ:ODFL) – Equities researchers at KeyCorp dropped their Q2 2020 EPS estimates for Old Dominion Freight Line in a note issued to investors on Thursday, April 23rd. KeyCorp analyst T. Fowler now forecasts that the transportation company will post earnings per share of $1.03 for the quarter, down from their previous […]
- 04/27/2020
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Old Dominion Freight Line (NASDAQ:ODFL) PT Raised to $150.00
- Old Dominion Freight Line (NASDAQ:ODFL) had its price target upped by investment analysts at Stephens from $135.00 to $150.00 in a report released on Friday, AnalystRatings.com reports. The brokerage presently has an “overweight” rating on the transportation company’s stock. Stephens’ target price would suggest a potential upside of 5.91% from the stock’s current price. Several […]
- 04/26/2020
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Old Dominion Freight Line (NASDAQ:ODFL) PT Lowered to $138.00
- Old Dominion Freight Line (NASDAQ:ODFL) had its price target cut by equities research analysts at Cowen from $205.00 to $138.00 in a research note issued to investors on Friday, AnalystRatings.com reports. The firm presently has a “market perform” rating on the transportation company’s stock. Cowen’s target price would indicate a potential downside of 2.56% from […]
- 04/26/2020
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Old Dominion Freight Line Target of Unusually High Options Trading (NASDAQ:ODFL)
- Old Dominion Freight Line (NASDAQ:ODFL) was the recipient of some unusual options trading activity on Thursday. Stock investors acquired 2,870 put options on the company. This is an increase of 1,335% compared to the typical daily volume of 200 put options. A number of brokerages recently weighed in on ODFL. Credit Suisse Group raised their […]
- 04/25/2020
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Analysts Are Bullish on These Services Stocks: Old Dominion Freight (ODFL), Union Pacific (UNP)
- There's a lot to be optimistic about in the Services sector as 2 analysts just weighed in on Old Dominion Freight (ODFL) and Union Pacific (UNP) with
- 04/24/2020
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S&P 500 Stocks That Rose In The Crisis: It’s A Market Of Stocks - Part 2
- An overview of ten out of the thirty stocks that have gone against the grain.
- 04/24/2020
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Analysts Offer Insights on Services Companies: Old Dominion Freight (ODFL), Patterson-UTI (PTEN) and WW Grainger (GWW)
- Analysts have been eager to weigh in on the Services sector with new ratings on Old Dominion Freight (ODFL), Patterson-UTI (PTEN) and WW Grainger (GWW).
- 04/24/2020
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Old Dominion's Conundrum: Revenue Falls As Weight Per Shipment Soars
- A sharp decline in the amount of freight hauled by Old Dominion Freight Line, Inc. (NASDAQ: ODFL) this month has been accompanied by an unexpected shift: a big increase in the weight per shipment.For an LTL carrier like ODFL, that increase can create problems for maintaining its yield as measured by
- 04/24/2020
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Analysts Offer Insights on Services Companies: Domino's Pizza (DPZ), Old Dominion Freight (ODFL) and Pool (POOL)
- There's a lot to be optimistic about in the Services sector as 3 analysts just weighed in on Domino's Pizza (DPZ), Old Dominion Freight (ODFL) and Pool
- 04/24/2020
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Analysts Offer Insights on Services Companies: Domino’s Pizza (NYSE: DPZ), Old Dominion Freight (NASDAQ: ODFL) and Pool (NASDAQ: POOL)
- There’s a lot to be optimistic about in the Services sector as 3 analysts just weighed in on Domino’s Pizza
- 04/24/2020
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Old Dominion seen trading at peak valuation
- Credit Suisse calls Old Dominion Freight Line (NASDAQ:ODFL) one of the best run companies in its coverage universe, but stays on the sidelines due to valuation following a 38% 52-week gain."While
- 04/24/2020
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Old Dominion Freight Line Sees Unusually High Options Volume (NASDAQ:ODFL)
- Old Dominion Freight Line (NASDAQ:ODFL) was the target of some unusual options trading on Thursday. Stock investors bought 3,442 call options on the company. This represents an increase of 712% compared to the typical volume of 424 call options. In other Old Dominion Freight Line news, SVP David J. Bates sold 339 shares of the […]
- 04/24/2020
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Triad freight hauler pays $10M in Covid-19 bonuses as revenues decline slightly in Q1
- Old Dominion Freight Line has adapted to changing demand resulting from Covid-19 as year-over-year revenues declined just 0.3% in first quarter 2020.
- 04/24/2020
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Edited Transcript of ODFL earnings conference call or presentation 23-Apr-20 2:00pm GMT
- Q1 2020 Old Dominion Freight Line Inc Earnings Call
- 04/24/2020
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Old Dominion Freight Line, Inc. (ODFL) CEO Greg Gantt on Q1 2020 Results - Earnings Call Transcript
- Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Q1 2020 Results Earnings Conference Call April 23, 2020 11:00 AM ET Company Participants Greg Gantt - President &a
- 04/23/2020
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Old Dominion Freight Line Inc (ODFL) Q1 2020 Earnings Call Transcript
- ODFL earnings call for the period ending March 31, 2020.
- 04/23/2020
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Why Shares of Old Dominion Freight Line Are Up Today
- The company is performing well despite the pandemic.
- 04/23/2020
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Old Dominion's (ODFL) Q1 Earnings In Line, Revenues Lag
- Weakness in the LTL services segment hurts Old Dominion's (ODFL) Q1 results.
- 04/23/2020
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Old Dominion's (ODFL) Q1 Earnings In Line, Revenues Lag
- Weakness in the LTL services segment hurts Old Dominion's (ODFL) Q1 results.
- 04/23/2020
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Old Dominion Posts Highest 1Q OR Despite Drop In Revenue
- Even as business began to slide in the second half of March, and most measurements of volume were down for the three months, Old Dominion Freight Lines (NASDAQ: ODFL) posted a first quarter in which it reached a record operating ratio (OR) for that calendar period.The first quarter's OR was 81.4%, a 60 basis point improvement over 2019's 82%. This occurred even as several barometers of volumes all pointed lower: intercity miles (down 2.3%); total tons (down 2.4%); tonnage per day (down 3.9%); shipments (down 3.6%); and shipments per day (down 5.1%).But revenue barometers were all higher. Revenue per intercity mile was up 2.5%. Other indicators: revenue per hundredweight, up 2.6%; same statistic, excluding fuel, up 3.3%; revenue per shipment, up 3.9%; same statistic, excluding fuel, up 4.6%. In a prepared statement accompanying the earning release, President and CEO Greg C. Gantt said demand for ODFL services "declined in the last half of March, however, due to the widespread effects of the COVID‑19 pandemic on the domestic economy."Wall Street liked the earnings. At approximately 10:45 a.m., ODFL stock was up 7.48%, a gain of $9.59 to $137.84.Weight per shipment was up 1.3% for the quarter but looked to be rising as the quarter ended and rolled into April. "We experienced a significant increase in our average weight per shipment and this trend has also continued into April," Gantt said. "While this helped offset the decline in shipments per day, an increase in average weight per shipment generally has the effect of reducing revenue per hundredweight," he said. View more earnings on ODFLRevenue per hundredweight is known as a less-than-truckload (LTL) company's yield. For the quarter, it was $22.68, up 2.6% from $22.10. But in an interim report published in early March, ODFL said yield through that point in the quarter was up 4.3%. In turn, yield is impacted by weight per shipment, which was up 1.3%. The interim report had it down 1.5%. In a report after the earnings release, the transportation analysis team at Deutsche Bank led by Amit Mehrotra noted that in its release, ODFL indicated its approach toward pricing was stable. The trend then in yield, Deutsche wrote, "(indicates) this was more mix-driven rather than indicative of deteriorating pricing dynamics."The Deutsche Bank team also wrote, "The company was very clear in the release that decelerating yield is not a reflection of pricing but rather higher weight per shipment (i.e. higher weight = less $ per hundredweight but it is positive for mix/margin)...which we take as a positive indication of industry pricing trends."The improved barometers in revenue per hundredweight and shipment even in the face of declining revenue led the company overall to post net income of $133.1 million for the quarter, down just about $150,000 from the first quarter of 2019. Operating income rose to $183.1 million from $178.4 million. Revenue declined to $987.36 million from $990.78 million in the first quarter of 2019. On the company's earnings call, one analyst said she believed it was the first sequential decline in revenue for ODFL in 20 years. Salaries, wages and benefits rose to $524.4 million, up slightly from $522.3 million. But in a period in which complaints of rising insurance costs are prevalent in every sector of the trucking industry, Old Dominion's "insurance & claims" expense line actually fell to $9.85 million from $11.17 million in the corresponding quarter of 2019.Other notable statistics in the earnings report: * The Deutsche team said the report was better than expectations. "Relative to our expectations...revenue was $13M better while expenses were exactly in line, translating into a $13M/7% underlying EBIT beat." * ODFL's cash stockpile dropped to $356.97 million from $403.57 million. Its long-term debt is $45 million, up from essentially zero at the end of last year. * Its capital expenditures for the quarter were $52.2 million. That includes a drop in real estate spending of about $50 million in the first quarter, "as certain projects will be deferred to a future period due to the current trend for shipments." Capital expenditures in 2020 are expected to be $265 million. * The net income figures do not reflect a $10.1 million bonus paid to drivers as part of a pandemic relief/reward announced in March.See more from Benzinga * YRC Receives Grace Period For Union Benefits Amid 'Sharp Decline' * Trucking Stocks Are Doing About As Miserable As The Broader Stock Market * Less-Than-Truckload Headwinds Continue, Old Dominion Sees Small Decline(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- 04/23/2020
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Old Dominion Freight Line (ODFL) Q1 Earnings Meet Estimates
- Old Dominion (ODFL) delivered earnings and revenue surprises of 0.00% and -0.25%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
- 04/23/2020
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Old Dominion Freight Line (ODFL) Q1 Earnings Meet Estimates
- Old Dominion (ODFL) delivered earnings and revenue surprises of 0.00% and -0.25%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
- 04/23/2020
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Old Dominion reports Q1 EPS $1.11, consensus $1.12 ODFL
- Old Dominion reports Q1 EPS $1.11, consensus $1.12 ODFL
- 04/23/2020
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Old Dominion: 1Q Earnings Snapshot
- THOMASVILLE, N.C. (AP) _ Old Dominion Freight Line Inc. (ODFL) on Thursday reported first-quarter profit of $133.2 million.
On a per-share basis, the Thomasville, North Carolina-based company said it had net income of $1.11.
The results matched Wall
- 04/23/2020
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Old Dominion Freight Line Reports First Quarter 2020 Earnings Per Diluted Share Of $1.11
- Old Dominion Freight Line, Inc. (Nasdaq: ODFL) today announced financial results for the three-month period ended March 31, 2020. The financial results for the first quarter of 2020 include $10.1 million of expense related to special employee bonus payments made in March. These bonus payments were provided to non-executive employees in appreciation for their extraordinary effort in responding to the COVID-19 pandemic.
- 04/23/2020
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Old Dominion Freight Line Q1 2020 Earnings Preview
- Old Dominion Freight Line (NASDAQ:ODFL) is scheduled to announce Q1 earnings results on Thursday, April 23rd, before market open.The consensus EPS Estimate is $1.12 (-31.7% Y/Y) and the consensus Reve
- 04/22/2020
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Delta's (DAL) Q1 Loss Narrower-Than-Expected, Revenues Down
- Low air-travel demand dents Delta's (DAL) passenger revenues in Q1, thereby hurting the carrier's overall performance.
- 04/22/2020
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SiriusXM and Stagecoach: California's Country Music Festival Showcase "Stagecouch Weekend"
- SiriusXM and Goldenvoice announced today the broadcast of SiriusXM's Stagecouch Weekend, a special broadcast taking place over the original scheduled weekend for Stagecoach: California's Country Music Festival.
- 04/22/2020
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Old Dominion Freight Line (NASDAQ:ODFL) PT Lowered to $125.00
- Old Dominion Freight Line (NASDAQ:ODFL) had its price objective lowered by research analysts at Deutsche Bank from $181.00 to $125.00 in a research note issued on Monday, The Fly reports. The firm presently has a “hold” rating on the transportation company’s stock. Deutsche Bank’s price objective indicates a potential upside of 0.67% from the stock’s […]
- 04/22/2020
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Should You Be Concerned About Old Dominion Freight Line, Inc.’s (NASDAQ:ODFL) Earnings Growth?
- For investors, increase in profitability and industry-beating performance can be essential considerations in an...
- 04/21/2020
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7 of the Best Large-Cap Stocks to Buy Now
- In times like this, investors are better off focusing on large-cap stocks that offer size, capital and products the economy truly relies on.
- 04/21/2020
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Bank of America Downgrades Old Dominion Freight Line (NASDAQ:ODFL) to Underperform
- Old Dominion Freight Line (NASDAQ:ODFL) was downgraded by equities research analysts at Bank of America from a “neutral” rating to an “underperform” rating in a research note issued to investors on Sunday, Benzinga reports. ODFL has been the topic of a number of other research reports. KeyCorp dropped their price objective on Old Dominion Freight […]
- 04/21/2020
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If colleges cut sports programs, could new models emerge?
- College sports programs are already being cut and more are likely on the chopping block. The coronavirus pandemic has triggered fears of an economic meltdown on campuses around the country. The cancellation of the NCAA men's basketball tournament cost schools $375 million and more losses are expected, especially if football season is disrupted in the fall. In tough times, athletic administrators often drop sports programs to save money. In the past few weeks, Old Dominion said it will drop wrestling and Cincinnati will no longer have men's soccer. Warnings of tough times ahead have come from all over college athletics, even some of the wealthiest Power Five schools. “To say it’s not going to have any economic impact — that, I would say, would be grossly naïve," said Oklahoma athletic director Joe Castiglione, who oversees a program that had $148 million in operating revenue in 2017-18 and boasts of 20 straight years of balanced budgets. "We’re just hoping to minimize it,” he said. Paving the way for more cuts to come, the commissioners of five Bowl Subdivision conferences have asked the NCAA to waive over the next four years a slew of requirements for Division I membership, including the minimum number (16) of sports a school must sponsor. Some observers see the coming crisis as a chance for schools to consider radical changes to how athletic departments are run or for new development paths to emerge for young athletes. “Budgets reflect our values,” said Arne Duncan, a former U.S. education secretary and now co-chair of the Knight Commission on Intercollegiate Athletics. “I think we’ll see now whether in a time of cutbacks, what gets prioritized. Is it the interest of adults and unbelievably high salaries? Or is it the interest of student-athletes...
- 04/20/2020
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If colleges cut sports programs, could new models emerge?
- College sports programs are already being cut and more are likely on the chopping block. The coronavirus pandemic has triggered fears of an economic meltdown on campuses around the country. The cancellation of the NCAA men's basketball tournament cost schools $375 million and more losses are expected, especially if football season is disrupted in the fall. In tough times, athletic administrators often drop sports programs to save money. In the past few weeks, Old Dominion said it will drop wrestling and Cincinnati will no longer have men's soccer. Warnings of tough times ahead have come from all over college athletics, even some of the wealthiest Power Five schools. “To say it’s not going to have any economic impact -- that, I would say, would be grossly naïve," said Oklahoma athletic director Joe Castiglione, who oversees a program that had $148 million in operating revenue in 2017-18 and boasts of 20 straight years of balanced budgets. "We’re just hoping to minimize it,” he said. Paving the way for more cuts to come, the commissioners of five Bowl Subdivision conferences have asked the NCAA to waive over the next four years a slew of requirements for Division I membership, including the minimum number (16) of sports a school must sponsor. Some observers see the coming crisis as a chance for schools to consider radical changes to how athletic departments are run or for new development paths to emerge for young athletes. “Budgets reflect our values,” said Arne Duncan, a former U.S. education secretary and now co-chair of the Knight Commission on Intercollegiate Athletics. “I think we’ll see now whether in a time of cutbacks, what gets prioritized. Is it the interest of adults and unbelievably high salaries? Or is it the interest of student-athletes...
- 04/20/2020
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YRC Receives Grace Period For Union Benefits Amid 'Sharp Decline'
- In a letter to rank and file members, the negotiating committee of the International Brotherhood of Teamsters informed members that YRC Worldwide (NASDAQ: YRCW) was given a grace period on health and welfare and pension fund contributions due to volume declines associated with the coronavirus.The letter
- 04/17/2020
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Picking Winners And Losers: Best Stocks To Buy Now
- The market rally should become more selective going forward. Risk reward continues to favor buying down days. Here are the top stocks to buy now.
- 04/17/2020
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Coronavirus has hit the trucking industry ‘like a brick wall’
- The $800 billion trucking industry scrambles to keep supply chains moving as coronavirus triggers skyrocketing demand for necessities.
- 04/17/2020
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What's in Store for Old Dominion (ODFL) in Q1 Earnings?
- Decline in LTL tonnage and soft freight demand is likely to get reflected in Old Dominion's (ODFL) first-quarter 2020 performance
- 04/17/2020
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What's in Store for Old Dominion (ODFL) in Q1 Earnings?
- Decline in LTL tonnage and soft freight demand is likely to get reflected in Old Dominion's (ODFL) first-quarter 2020 performance
- 04/17/2020
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Old Dominion Freight Line (ODFL) Earnings Expected to Grow: Should You Buy?
- Old Dominion (ODFL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 04/16/2020
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Old Dominion Freight Line (ODFL) Earnings Expected to Grow: Should You Buy?
- Old Dominion (ODFL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 04/16/2020
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Old Dominion Freight Line (NASDAQ:ODFL) Receives Consensus Rating of "Hold" from Analysts
- Shares of Old Dominion Freight Line (NASDAQ:ODFL) have earned an average recommendation of “Hold” from the fifteen research firms that are currently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. […]
- 04/16/2020
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Old Dominion Freight Line (ODFL) to Release Quarterly Earnings on Thursday
- Old Dominion Freight Line (NASDAQ:ODFL) is scheduled to announce its earnings results before the market opens on Thursday, April 23rd. Analysts expect the company to announce earnings of $1.12 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link. Old Dominion Freight Line (NASDAQ:ODFL) […]
- 04/16/2020
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College commissioners to VP Pence: No football before campuses re-open
- Conference heads held 30-minute conference call with Pence on Wednesday
- 04/15/2020
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XPO Logistics: A Logical Investment
- XPO is a high quality, cash generative logistics business with technology and scale advantages over competitors. Despite having many counter-cyclical characteri
- 04/15/2020
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Industries That Thrive During Recessions
- With the COVID-19 crisis sending the U.S. economy in a recession, we're looking at what companies managed to thrive during the last recession for guidance.
- 04/15/2020
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University of Cincinnati drops men's soccer in virus fallout
- CINCINNATI (AP) — The University of Cincinnati eliminated its men's soccer program Tuesday as other colleges weighed cutbacks because of budget problems resulting from the coronavirus pandemic. College are grappling with revenue losses from spring sports cancellations, including the NCAA basketball tournament. Eliminating sports is considered a last resort by athletic directors who face difficult choices. Earlier this month, Old Dominion eliminated wrestling as part of its response to the pandemic. Cincinnati athletic director John Cunningham expects other schools to face similar choices because of the uncertainty over fall sports, including football. “I've spoken to other athletic directors and everything is on the table at this point,” Cunningham said in a phone interview. “There will be different sorts of cuts and pullbacks that schools are going to make, and it's definitely possible that will include sports offered." Cincinnati began offering men's soccer in 1973. If the football season is affected by virus precautions, schools that rely on football will be forced to consider deeper cuts, Villanova athletic director Mark Jackson said Tuesday. “Our revenue center is in basketball — we’re not dependent on football,” Jackson said in a Zoom interview with reporters. “But the closer we move to fall, as you’ve read, and the more that football is impacted in a lot of different Division I programs, I think the decisions are going to become more drastic, I really do.” Schools have made cutbacks in athletic staffing and expenses. Eliminating a sport is at the bottom of the list of options, Cunningham said. “It's the last thing you want to do as an athletic director,” he said. Both Cincinnati and Old Dominion tried to lessen the impact on students...
- 04/14/2020
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University of Cincinnati drops men's soccer in virus fallout
- CINCINNATI (AP) — The University of Cincinnati eliminated its men's soccer program Tuesday as other colleges weighed cutbacks because of budget problems resulting from the coronavirus...
- 04/14/2020
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‘Mrs. America’ Review: Cate Blanchett Strong In ERA Battle Series, But More Would Have Been More
- Debuting tomorrow on FX on Hulu, Mrs. America is good, but the crafted saga of the rise and fall of the Equal Rights Amendment could have used a lot more runway to truly take off. Though I often be…
- 04/14/2020
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Gaming machines get possible reprieve because of pandemic
- RICHMOND, Va. (AP) — Unregulated betting machines in gas stations and bars have been granted a possible 11th hour reprieve in Virginia thanks to the coronavirus. And casino legalization in the Old Dominion has taken a big step forward. Virginia Gov. Ralph Northam took action on several gambling-related pieces of legislation over the weekend, including a bill that would have banned so-called “gray machines," which have proliferated in restaurants, bars and convenience stores in recent years. The governor is now asking lawmakers to delay the ban, saying the impact of the coronavirus on the economy requires a new approach. Northam wants to tax the machines and use the revenue to fund a virus relief plan aimed at helping small businesses and improving social services for individuals. Northam's chief of staff Clark Mercer said banning the machines now would hurt the restaurants that rely on the extra revenue from the games and have been hit hard by mandated closures due to the coronavirus. “Clearly, our restaurants have been hurting," Mercer said. The machines are called gray machines because they operate in a gray area of the law. The games look and play like slot machines, though the manufacturers say there is an element of skill involved. Companies that make and distribute the machines spent heavily on campaign donations and lobbying to keep the machines legal in Virginia. “We appreciate the governor's leadership in this matter as he worked to address a revenue stream which greatly assists local small businesses and their employees,” said Mike Barley, a spokesman for Pace-O-Matic. Northam also took action on high-profile legislation to legalize casinos in five cities — Bristol, Danville, Richmond, Portsmouth and Norfolk. Virginia is one of only a handful of...
- 04/13/2020
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25 Blue Chips With Brawny Balance Sheets
- In the midst of an economic scare as severe as this one, investors should look to blue-chip stocks to weather the storm. Many of these companies have massive financial resources that will allow them to not only keep the lights on while the economy grinds to a standstill, but get aggressive on the upswing
- 04/13/2020
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Trucking index starts to crack in March
- The Cass Freight Index fell 9.2% Y/Y in March. On a two-year stacked basis, the index was off 10.1%. Cass says the April mark will undoubtedly show an even bigger drop and likely be the worst month i
- 04/13/2020
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Barron's doubles down on 12 YTD winners
- Barron's is out with a simple stock screen today that is pretty simple, but also fairly intriguing.The publication ran a screen for S&P 500 companies who have outperformed the index by at least 13
- 04/13/2020
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Weekend Sports in Brief
- COLLEGE HOCKEY Minnesota Duluth defenseman Scott Perunovich won the Hobey Baker Memorial Award as college hockey’s top player, becoming the Bulldogs’ record sixth...
- 04/13/2020
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Mississippi State hires Nikki McCray-Penson as women's coach
- Mississippi State hired former Old Dominion women’s basketball coach Nikki McCray-Penson to replace Vic Schaefer as the Bulldogs’ head coach.
- 04/13/2020
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Old Dominion Freight Line (NASDAQ:ODFL) Downgraded to Underperform at Bank of America
- Bank of America cut shares of Old Dominion Freight Line (NASDAQ:ODFL) from a neutral rating to an underperform rating in a research note issued to investors on Wednesday morning, Briefing.com Automated Import reports. Bank of America currently has $120.00 price objective on the transportation company’s stock. Several other brokerages have also recently weighed in on […]
- 04/12/2020
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Mississippi State hires Nikki McCray-Penson as women's coach
- STARKVILLE, Miss. (AP) — Mississippi State hired former Old Dominion women’s basketball coach Nikki McCray-Penson to replace Vic Schaefer as the Bulldogs’ head coach. Athletic director John Cohen called McCray-Penson “a proven winner who will lead one of the best programs in the nation” on the department’s website. McCray-Penson, a former Tennessee star and Women’s Basketball Hall of Famer, said it’s been a dream to coach in the Southeastern Conference and she’s “grateful and blessed for this incredible honor and opportunity.” McCray-Penson was 53-40 the past three years at Old Dominion, her first head coaching job with the storied program following nine seasons as a South Carolina assistant under Dawn Staley. The Lady Monarchs posted consecutive 20-win seasons under McCray, including 24-6 overall and 14-4 in Conference USA last season, when she was conference coach of the year. McCray’s challenge in Starkville is keeping the powerhouse program in Southeastern Conference and national championship contention after Schaefer led the Bulldogs to consecutive runner-up appearances in 2017 and ’18. She owns an impressive pedigree as a college and pro player, coupled with her vast coaching resume and initial success at ODU. She helped Staley lead South Carolina to its first Women’s Final Four in 2015 and to the NCAA title in 2017. A two-time SEC Player of the Year at Tennessee under Hall of Famer Pat Summitt from 1991-95, McCray helped the U.S. Women win gold medals at the 1996 and 2000 Summer Olympics. She became a three-time WNBA All-Star in eight seasons. McCray also played two seasons in the ABL, winning the 1997 Most Valuable Player award while leading the Columbus Quest to the first of two championships. McCray was inducted into Women’s...
- 04/11/2020
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Mississippi State hires Nikki McCray-Penson as women’s coach
- STARKVILLE, Miss. (AP) — Mississippi State has hired former Old Dominion women’s basketball coach Nikki McCray-Penson to replace Vic Schafer as the Bulldogs’ head coach. Athletic director John Cohen called McCray-Penson “a proven winner who will lead one of the...
- 04/11/2020
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Mississippi State hires Nikki McCray-Penson as women's coach
- STARKVILLE, Miss. (AP) — Mississippi State hired former Old Dominion women’s basketball coach Nikki McCray-Penson to replace Vic Schaefer as the Bulldogs’ head coach. Athletic director John...
- 04/11/2020
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Rough road seen for trucking sector
- Bank of America's Truck Shipper Survey fell another 14% last week to an all-time low reading.Analyst Ken Hoexter says the drop suggests an accelerating decline in demand outlook as surge consumable d
- 04/11/2020
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Northam signs gun-control bills into law
- RICHMOND, Va. (AP) — Virginia Gov. Ralph Northam has signed several new gun restrictions he championed during this year's legislative session, cementing gains by gun control advocates they hope will serve as a “blueprint” for states around the country. The...
- 04/10/2020
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Old Dominion Freight Line to Post Q2 2020 Earnings of $1.14 Per Share, KeyCorp Forecasts (NASDAQ:ODFL)
- Old Dominion Freight Line (NASDAQ:ODFL) – Stock analysts at KeyCorp dropped their Q2 2020 earnings per share (EPS) estimates for Old Dominion Freight Line in a note issued to investors on Tuesday, April 7th. KeyCorp analyst T. Fowler now forecasts that the transportation company will post earnings of $1.14 per share for the quarter, down […]
- 04/10/2020
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Analysts Issue Forecasts for Old Dominion Freight Line's Q1 2020 Earnings (NASDAQ:ODFL)
- Old Dominion Freight Line (NASDAQ:ODFL) – Stock analysts at KeyCorp decreased their Q1 2020 EPS estimates for Old Dominion Freight Line in a research report issued to clients and investors on Tuesday, April 7th. KeyCorp analyst T. Fowler now expects that the transportation company will post earnings of $1.09 per share for the quarter, down […]
- 04/10/2020
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Is There Now An Opportunity In Old Dominion Freight Line, Inc. (NASDAQ:ODFL)?
- Today we're going to take a look at the well-established Old Dominion Freight Line, Inc. (NASDAQ:ODFL). The company's...
- 04/08/2020
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Analysts Offer Insights on Services Companies: Old Dominion Freight (ODFL), Wingstop (WING) and CSX (CSX)
- There's a lot to be optimistic about in the Services sector as 3 analysts just weighed in on Old Dominion Freight (ODFL), Wingstop (WING) and CSX (CSX)
- 04/08/2020
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Should Old Dominion Freight Line, Inc.'s (NASDAQ:ODFL) Recent Earnings Worry You?
- Assessing Old Dominion Freight Line, Inc.'s (NasdaqGS:ODFL) past track record of performance is an insightful exercise...
- 04/08/2020
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Top Analyst Upgrades and Downgrades: AMC, Amex, Apache, Apple, Beyond Meat, BP, Charles Schwab, CSX, Disney, GM, Pinterest, Wingstop and More
- Wednesday's top analyst upgrades and downgrades included AMC, American Express, Apache, Apple, Beyond Meat, BP, Charles Schwab, CSX, General Motors, Pinterest, Walt Disney and Wingstop.
- 04/08/2020
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Limited upside seen on Old Dominion Freight Line
- Bank of America drops Old Dominion Freight Line (NASDAQ:ODFL) to an Underperform rating after having the trucker slotted at Neutral.The firm notes that ODFL has "outsized" exposure to the indu
- 04/08/2020
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Maybe We Can Climb The Great Wall Of Worry
- The short- and long-term outlook is good, but mid-term risks are high. Here's what you can do now. Healthcare, consumer goods, and financials are the best secto
- 04/07/2020
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Georgia’s Katrina McClain ‘may be the best power player to ever play’
- The award for the nation’s top power forward is named after legendary Georgia Bulldog Katrina McClain.
- 04/07/2020
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Why UPS, FedEx, and Old Dominion Freight Line Stocks Are Surging Today
- Investors predict the end of the pandemic, and rush back into stocks.
- 04/06/2020
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Short High Yield Credit To Hedge Your Stocks Portfolio
- After another week of volatile trading in the US stock market, shorting high yield credit might be the best way to hedge your portfolio. We explain why.
- 04/04/2020
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Old Dominion Freight Line (NASDAQ:ODFL) Expected to Post Earnings of $1.12 Per Share
- Analysts expect that Old Dominion Freight Line (NASDAQ:ODFL) will post $1.12 earnings per share for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Old Dominion Freight Line’s earnings, with the highest EPS estimate coming in at $1.15 and the lowest estimate coming in at $1.09. Old Dominion Freight Line reported […]
- 04/04/2020
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BidaskClub Downgrades Old Dominion Freight Line (NASDAQ:ODFL) to Buy
- Old Dominion Freight Line (NASDAQ:ODFL) was downgraded by BidaskClub from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Saturday, BidAskClub reports. ODFL has been the subject of several other research reports. Morgan Stanley raised Old Dominion Freight Line from an “equal weight” rating to an “overweight” […]
- 04/04/2020
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Traders Purchase High Volume of Old Dominion Freight Line Call Options (NASDAQ:ODFL)
- Old Dominion Freight Line (NASDAQ:ODFL) saw some unusual options trading on Friday. Stock traders acquired 4,513 call options on the company. This is an increase of 1,182% compared to the typical daily volume of 352 call options. In other Old Dominion Freight Line news, SVP David J. Bates sold 339 shares of Old Dominion Freight […]
- 04/04/2020
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Old Dominion shares 'Some People Do' music video
- Country music group Old Dominion released a video for "Some People Do," a single from its most recent, self-titled album.
- 04/03/2020
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Old Dominion Freight Line's First Quarter 2020 Conference Call On The Internet
- Old Dominion Freight Line, Inc. (Nasdaq: ODFL) announced today that it plans to release its first quarter 2020 financial results before opening of trading on Thursday, April 23, 2020. The Company will also hold a conference call to discuss its financial results and outlook at 10:00 a.m. (Eastern Time) on Thursday, April 23, 2020.
- 04/02/2020
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Completion of downtown building pushed back until 2021
- The opening of the first new building of a much-anticipated downtown development in the Triad has been pushed back. Tim Elliott of Elliott Sidewalk Communities, master planner of The Outfields, a multi-use development behind the outfield wall at BB&T; Point stadium in High Point, said the project's first building, 275 North Elm, is "now looking at a first quarter 2021 completion date." The first floor of 275 North Elm is slated to house the Stock + Grain Assembly, a food hall with several vendors offering a variety of fare.
- 04/02/2020
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How to Replace Lost Dividends With Stock Options
- Investors can create “conditional dividends” by selling downside put options or upside call options on stocks that they own.
- 04/02/2020
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6 Transportation Stocks Growing Earnings
- These companies also have a high margin of safety Continue reading...
- 04/01/2020
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6 Transportation Stocks Growing Earnings
- 6 Transportation Stocks Growing Earnings, Stocks: TFII,RYAAY,PAC,ODFL,NSC,MRTN, release date:Apr 01, 2020
- 04/01/2020
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Morgan Stanley: 2 Stocks to Buy (and 1 to Stay Away From)
- The most recent quarter marked the worst first quarter on record for both the S&P; 500 and the Dow Jones. For investors in search of a bright spot, investing firm Morgan Stanley sees plenty of compelling opportunities being presented as a result of the market’s COVID-19-driven sell-off. Morgan Stanley's chief U.S. equity strategist Mike Wilson stated, “We like these prices a lot.” He added, “We’ve been scaling back into stocks over the last two, three or four weeks...We think this is probably the best risk-reward we’ve seen for investors in two years.”Heeding Wilson’s advice, we used TipRanks’ database to take a closer look at stocks covered by Morgan Stanley’s analysts in the hope of finding some exciting plays to catch on recent weakness. It turns out that two of the firm’s recently upgraded picks have received significant support from other members of the Street, with the Buy-rated tickers also offering some impressive upside potential. That being said, one name stands out as being an investment to avoid, falling out of favor with Morgan Stanley as well as the broader analyst community. Let's take a closer look.Old Dominion Freight Line (ODFL)Back in 1934, Old Dominion Freight Line opened up shop with only one truck running a 94-mile route in Virginia. Now, the company is one of the top LTL trucking players. Unlike the broader market, the last month has gone easy on this stock, with it down by only 1.6%, and Morgan Stanley is betting that substantial growth is on the horizon.According to analyst Ravi Shanker, who covers the ticker for the firm, even though COVID-19 might make fundamentals worse before they get better, the risk/reward profile for the industry as a whole is becoming more stable. First and foremost, retail supply chains being stretched by consumers getting ready for lockdown has spurred an improvement in trucking data.On top of this, Shanker stated, “While many parts of the manufacturing complex and other industries (airlines, hospitality) may be required to shut down completely in a national lockdown, the supply chains for consumer staples will likely continue to run, putting trucking, at least, toward the defensive end of industry exposure.” Once supply chains resume normal activity, freight transportation will be needed to restock, with this potentially causing tightness in supply and significant rate inflation.Specifically explaining why ODFL represents an exciting play, the four-star analyst said, “We see ODFL as a best-in-class trucking asset and the most defensive company within Freight Transportation. This should protect the multiple better than at peers, in our view... We also note that ODFL arguably has more room to cut costs in a down cycle compared to other fixed cost businesses (like the Rails, for example) since their record margins in recent quarters have been driven by strong yields rather than cost cutting.”As a result, Shanker upgraded the stock from Equal-weight to Overweight, but dropped the price target from $220 to $205. Should this target be met, a twelve-month gain of 56% could still be in store. (To watch Shanker’s track record, click here)With 2 Buys and 6 Holds assigned in the last three months, the word on the Street is that ODFL is a Moderate Buy. Not to mention the $199.50 average price target brings the upside potential to 52%. (See Old Dominion stock analysis on TipRanks)Virgin Galactic Holdings (SPCE)Operating as part of the Virgin Group, Sir Richard Branson’s spaceline and vertically integrated aerospace company wants to expand access to outer space, developing and operating a new generation of space vehicles to achieve this goal. While some investors might see Virgin Galactic’s steep drop in the last month as a negative, Morgan Stanley argues the opposite.Weighing in on the stock for the firm, analyst Adam Jonas wrote in a note to clients that the recent weakness doesn’t change his underlying bullish thesis. Acknowledging that the space tourism space could see a modest decline, he points out that the company maintains a “healthy” cash position, which lands around $500 million. He adds, “... its expected ~$16 million per month cash burn (MSe $180 million in 2020) positions it well to navigate any near-term headwinds.”Going forward, Jonas notes management has stated that each step in the testing process is important and with each mission, continuous refinement, like fatigue dynamics and stress testing, of the spacecraft can be performed for reusability, quick turn-around, cost and safety. Expounding on this, the five-star analyst commented, “We expect this process of continuous refinement will ultimately be measured in years and will continue concurrently with the early commercial missions...”Having said that, given the COVID-19-induced sell-off, there’s a risk that demand for luxury experiences will drop. However, Jonas argues, “All that being said, the company's estimates conservatively assume an under penetrated high net worth (HNW) market (<0.1% of those with $10 million-plus net worth) and the space tourism capacity it expects to deliver has been expected to fall short of demand. Lastly, the story and mission remain unchanged, where the space tourism business serves to incubate the hypersonic P2P opportunity.”With the share price reflecting a space tourism business delay and early credit for the hypersonic opportunity, Jonas joins the bulls, upgrading his call to Overweight. Even though he cut the price target to $24, this still leaves room for 62% growth to the upside. (To watch Jonas’ track record, click here)Looking at the consensus breakdown, 2 Buys and 1 Hold issued in the last three months add up to a Moderate Buy consensus rating. At $29.67, the average price target implies shares could soar 101% in the next year. (See Virgin Galactic stock analysis on TipRanks)Cognex Corporation (CGNX)As for Cognex, Morgan Stanely is much less optimistic when it comes to the maker of advanced machine vision and industrial barcode reader systems, with shares taking a fall in the last month.Writing for the firm, analyst Joshua Pokrzywinski acknowledges that the company has experienced multiple expansion over the last few years as a result of investors deeming the current year as a “trough”. However, he believes that the flattening of demand after the 2017 OLED boom and decline in automotive and consumer electronics markets has delayed a rebound by several years.“Given meaningful weakness in automotive production and demand this year, we see another year of double-digit declines. Weaker consumer demand also weighs on our outlook for consumer electronics for CGNX, though multiple weak years softens the blow,” Pokrzywinski commented.There is some good news. Pokrzywinski thinks Amazon’s COVID-19-driven throughput challenges could fuel significant growth for CGNX in the logistics market. However, he foresees “many other customers to defer spending as cash in traditional retail markets grows extremely tight in the short-term due to both lower consumer spending and the lack of brick-and-mortar foot traffic.”Also concerning, the company saw negative operating leverage on 5% revenue growth in 2018 as well as a 97% decremental margin in 2019. “The company has a small, highly skilled employee base and we believe management will rightfully prioritize retention, but that it will drive a similarly high decremental margin in 2020,” Pokrzywinski explained.In line with his pessimistic take, Pokrzywinski gave CGNX a thumbs down, downgrading the rating from Equal-weight to Underweight. The price target gets a haircut as well, to $36 from $42. The new target puts the downside potential at 15%. (To watch Pokrzywinski’s track record, click here)Turning to the rest of the Street, other analysts take a cautious approach. Based on 1 Buy, 3 Holds and a single Sell published in the last three months, CGNX earns a Hold analyst consensus. In addition, the $44.25 average price target implies modest upside potential of 5%. (See Cognex stock analysis on TipRanks)To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.
- 04/01/2020
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S&P 500 Dividends Will Fall 25% This Year, Analysts Say
- S&P 500 dividends will fall by 25% this year as the coronavirus crisis drives companies across many sectors to conserve cash, Goldman Sachs said in note Monday.
- 03/30/2020
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AP Sportlight
- March 31 1909 — Baseball's National Commission rules that players who jump contracts will be suspended for five years. Players joining outlaw organizations will be suspended for three years as punishment for going outside organized baseball. 1923 — The Ottawa...
- 03/30/2020
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U.S. Postal Service gets $10 billion from coronavirus stimulus legislation
- The $2 trillion stimulus package includes a $10 billion loan for the U.S. Postal Service. It’s a smart move because logistics—including the daily mail—are...
- 03/29/2020
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The U.S. Postal Service Gets $10 Billion In the Stimulus Act. It Needs The Help.
- The $2 trillion stimulus package includes a $10 billion loan for the U.S. Postal Service. It’s a smart move because logistics—including the daily mail—are the life blood of any economy.
- 03/29/2020
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Don't Chase The Sugar High
- The short- and long-term outlook is good, but mid-term risks are high. Here's what you can do now. Top sectors and stocks you ought to be considering for portfo
- 03/27/2020
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Pedal to the Metal: Old Dominion Freight Is In The Passing Lane
- Find out how a trucking company is able to increase market share while increasing prices.
- 03/27/2020
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Old Dominion Freight Line Target of Unusually High Options Trading (NASDAQ:ODFL)
- Old Dominion Freight Line (NASDAQ:ODFL) was the recipient of some unusual options trading activity on Thursday. Investors acquired 2,606 put options on the company. This is an increase of 2,090% compared to the typical daily volume of 119 put options. Several brokerages recently issued reports on ODFL. Goldman Sachs Group initiated coverage on shares of […]
- 03/27/2020
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Carriers In Strongest Pricing Power Position Since 2018, But It Won't Last
- This week's DHL Supply Chain Pricing Power Index: 65 (Carriers)
Last week's DHL Supply Chain Pricing Power Index: 55 (Carriers)
Three-month DHL Supply Chain Pricing Power Index...
- 03/26/2020
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