TacticScaleWhat Old Dominion Freight Line Does & How It Makes Money (ODFL)
Updated October 2026 · reflects Old Dominion Freight Line's latest reported financials
U.S. less-than-truckload freight carrier moving shared-load shipments nationwide. It earns freight revenue by charging shippers to carry less-than-truckload shipments on its own fleet of tractors and trailers, including premium pricing for expedited service.
How Old Dominion Freight Line makes money
It earns freight revenue by charging shippers to carry less-than-truckload shipments on its own fleet of tractors and trailers, including premium pricing for expedited service. It also makes additional revenue from value-added services such as container drayage, truckload brokerage and supply chain consulting.
What Old Dominion Freight Line does
Old Dominion Freight Line is a U.S. less-than-truckload (LTL) motor carrier. It combines smaller shipments from many customers onto shared trucks and offers regional, inter-regional and national LTL service across the United States and North America, plus expedited transportation. Founded in 1934 and headquartered in Thomasville, North Carolina, the company runs an asset-based network. As of December 31, 2025, it owned and operated 10,184 tractors, 30,824 linehaul trailers and 14,313 pickup and delivery trailers. Alongside its core LTL freight business, Old Dominion provides value-added services including container drayage, truckload brokerage and supply chain consulting. It also operates fleet maintenance centers for its equipment.
Products & services
- Regional, inter-regional and national LTL services
- Expedited transportation
- Container drayage
- Truckload brokerage
- Supply chain consulting
What is Old Dominion Freight Line worth?
On an owner-earnings DCF, Old Dominion Freight Line's most-likely value is about $152 versus a recent price near $182 (17% above fair value). But TacticScale only calls a stock undervalued when the price sits below its conservative no-growth floor (~$60) with a margin of safety — so the honest verdict here is “Fairly priced — no edge.” Fair value earns its keep only at the extremes, not in the wide middle.
Price sits in the normal range — fair value isn't actionable here; it earns its keep only when price drops below the no-growth floor, or runs to roughly double the optimistic case.
Analysis, not advice. Fair value is a margin-of-safety estimate from a deterministic owner-earnings DCF, not a price target or recommendation. See the full breakdown →
Related companies
FedEx Freight Holding (FDXF) · XPO (XPO) · RXO (RXO) · Norfolk Southern (NSC)