Financial performance
The company primarily provides less-than-truckload (LTL) shipping throughout the United States, offering regional, inter-regional and national services. In addition, Old Dominion offers a variety of logistics services, full truckload shipping, and household moving services. Through their network of agents and alliances, Old Dominion are also able to offer services to various international locations in North America, Europe and Asia. In 2020, Old Dominion reported operating revenue of four billion U.S. dollars and shipped almost 8.8 million tons of LTL freight on 10.8 million shipments.Business segments
Once all their operations are taken into consideration, Old Dominion has a market value of 29.4 billion U.S. dollars as of April 2021. This makes them the second largest trucking company in the world. In terms of revenue from their core LTL services, Old Dominion are the second largest LTL provider in North America, behind FedEx Freight. XPO Logistics’ LTL operations are of a similar size, reporting LTL revenue of over 3.5 billion U.S. dollars in 2020. However, there is a considerable distance between Old Dominion and the sector leader, FedEx Freight, who generated over 8.1 billion U.S. dollars in LTL revenue in 2021.
