Profile: Old Dominion Freight Line Inc (ODFL.O)

Old Dominion Freight Line, Inc. (Old Dominion), incorporated in 1950, is a less-than-truckload (LTL) multi-regional motor carrier providing timely one- to five-day service among six regions in the United States, and next-day and second-day service within these regions. The Company offers its products and services through four branded product groups: OD-Domestic, OD-Expedited, OD-Global and OD-Technology. The Company offers container delivery services to and from all of North America, Central America, South America and the Far East. It also offers a range of expedited, logistical and warehousing services for both its domestic and global markets.

As of December 31, 2008, the Company conducted operations through 206 service center locations, of which it owned 108 and leased 98. The Company operates major break-bulk facilities in Atlanta, Georgia; Rialto, California; Indianapolis, Indiana; Greensboro, North Carolina; Harrisburg, Pennsylvania; Memphis and Morristown, Tennessee, and Dallas, Texas, while using some smaller service centers for limited break-bulk activity in order to serve next-day markets.

Each of the Company's service centers is responsible for the pickup and delivery of freight for its service area. All inbound freight received by the service center in the evening or during the night is scheduled for local delivery the next business day, unless a customer requests a different delivery schedule. Each service center loads the freight by destination the day it is picked up. As of December 31, 2008, Old Dominion operated 5,058 tractors. It generally uses new tractors in line haul operations for approximately 3 to 5 years and then transfers those tractors to pickup and delivery operations for the remainder of the assets useful lives. In a number of the Company's service centers, tractors perform pickup and delivery functions during the day and line haul functions at night to maximize tractor utilization. As of December 31, 2008, Old Dominion operated a fleet of 20,067 trailers. As of December 31, 2008, the Company had maintenance operations at service centers in Los Angeles and Rialto, California; Denver, Colorado; Atlanta, Georgia; Chicago, Illinois; Indianapolis, Indiana; Kansas City and Parsons, Kansas; Jersey City, New Jersey; Greensboro, North Carolina; Columbus, Ohio; Harrisburg, Pennsylvania; Morristown and Memphis, Tennessee; Dallas, Texas and Salt Lake City, Utah.