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Old Dominion Freight Line, Inc. traces its origins to 1934 when husband and wife Earl Congdon Sr. and Lillian Congdon (née Herbert) founded the company with a single straight truck running between Richmond and Norfolk, Virginia. [7] [8] The name is a reference to a common nickname for the Commonwealth of Virginia, the "Old Dominion."
Old Dominion Freight Line, Inc. (NASDAQ:ODFL) shares are trading slightly lower on Friday. BMO Capital Markets analyst Fadi Chamoun downgraded the company to Market Perform from Outperform and ...
Old Dominion Freight (ODFL) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.
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The S&P 500 is a stock market index maintained by S&P Dow Jones Indices. It comprises 503 common stocks which are issued by 500 large-cap companies traded on the American stock exchanges (including the 30 companies that compose the Dow Jones Industrial Average). The index includes about 80 percent of the American market by capitalization.
Dow Jones Transportation Average 1896–2012. The index is a running average of the stock prices of twenty transportation corporations, with each stock's price weighted to adjust for stock splits and other factors. [1]
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.
Old Dominion was established in 1913 in Norfolk, Virginia by the Worsham Family. [6] The company manufactures and markets peanut, cashew and pecan candies as well as its main product, peanut brittle. [2] [7] In October 2007, one of Old Dominion's candy and peanut brittle manufacturing buildings in Norfolk caught fire.
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