(ODFL) Old Dominion Freight Line - Ratings and Ratios

Old Dominion Freight Line (NASDAQ:ODFL) is a leading less-than-truckload (LTL) motor carrier operating across the United States and North America. With a focus on regional, inter-regional, and national LTL services, the company also offers expedited transportation solutions to meet urgent shipping needs. Beyond its core transportation services, Old Dominion provides a range of value-added offerings, including container drayage, truckload brokerage, and supply chain consulting, which enhance its ability to serve as a comprehensive logistics partner.

As of December 31, 2023, the company operates an extensive fleet of 10,791 tractors, 31,233 linehaul trailers, and 15,181 pickup and delivery trailers. This equipment is supported by 46 fleet maintenance centers and 257 service centers, ensuring efficient operations and maintenance across its network. Founded in 1934 and headquartered in Thomasville, North Carolina, Old Dominion has built a reputation for reliability and operational excellence in the freight transportation industry.

From a financial perspective, Old Dominion Freight Line commands a market capitalization of $42,101.81 million, reflecting its strong market position. The company currently trades at a P/E ratio of 35.72, with a forward P/E of 32.57, indicating expectations for continued growth. Its price-to-book (P/B) ratio of 9.85 highlights the premium investors place on its assets and future prospects. Additionally, the price-to-sales (P/S) ratio of 7.11 underscores its revenue generation capabilities in the competitive LTL sector.

For investors and fund managers, Old Dominions operational efficiency, extensive network, and diverse service offerings make it a standout player in the cargo ground transportation industry. Its ability to maintain high margins in a capital-intensive industry, coupled with its strategic focus on customer service and logistics optimization, positions it as a resilient investment opportunity in the evolving freight landscape.