Profile: Old Dominion Freight Line Inc (ODFL.OQ)
14 Mar 2014
Old Dominion Freight Line, Inc. (Old Dominion), incorporated on March 22, 1999, is a less-than-truckload (LTL) motor carrier providing regional, inter-regional and national LTL service and logistics services. In addition to its LTL services, the Company offers its customers a range of logistics services, including ground and air expedited transportation, container delivery, truckload brokerage, supply chain consulting, warehousing and consumer household pickup and delivery services.
Service Center Operations
As of December 31, 2012, the Company operated 218 service centers, of which 150 were owned and 68 were leased. The Company operates 10 breakbulk facilities in Rialto, California; Atlanta, Georgia; Chicago, Illinois; Indianapolis, Indiana; Greensboro, North Carolina; Harrisburg, Pennsylvania; Memphis and Morristown, Tennessee; Dallas, Texas, and Salt Lake City, Utah, while using other service centers for limited breakbulk activity in order to serve its next-day markets. Each of its service centers is responsible for the pickup and delivery of freight within its service area. Each service center loads outbound freight for transport to other service centers for delivery. 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. Its systems offer access to information, such as freight tracking, shipping documents, rate quotes, rate databases and account activity.
Linehaul dispatchers control the movement of freight among service centers through integrated freight movement systems. It also utilizes load-planning software in its linehaul operations. The Company’s senior management monitors freight movements, transit times, load factors and other productivity measurements. It utilizes scheduled routes, and additional linehaul dispatches as necessary. The Company utilizes long-combination vehicles, such as triple 28-foot trailers and combinations of 48-foot and 28-foot trailers, in states where permitted.
Tractors, Trailers and Maintenance
As of December 31, 2012, the Company owned 6,099 tractors. The Company uses new tractors in linehaul operations for approximately three to five years and then transfer those tractors to pickup and delivery (P&D) operations. In many of its service centers, tractors perform P&D functions during the day and linehaul functions at night. As of December 31, 2012, Old Dominion owned 24,181 trailers. The Company primarily purchases new trailers for its operations; however, it purchases pre-owned equipment that meets the Company’s specifications. At December 31, 2012, the Company had maintenance operations at its service centers in Rialto, California; Denver, Colorado; Atlanta, Georgia; Indianapolis, Indiana; Kansas City and Parsons, Kansas; Greensboro, North Carolina; Columbus, Ohio; Harrisburg, Pennsylvania; Morristown and Memphis, Tennessee; Dallas, Texas; and Salt Lake City, Utah. In addition, 22 other service center locations are equipped to perform routine and preventive maintenance and repairs on our equipment.
Old Dominion Freight Line Inc
500 Old Dominion Way
THOMASVILLE NC 27360