Old Dominion Freight Line Adds Capacity Via New, Expanded Facilities

Old Dominion Freight Line Inc ODFL revealed its expansion efforts with service center growth in seven cities in 4Q21 and 1Q22.
The less-than-truckload (LTL) carrier's new or improved facilities include Alliance, Texas; Byhalia, Mississippi; Clear Lake, Iowa; Kernersville, North Carolina; Marysville, Washington; West Columbia, South Carolina; and Westfield, Massachusetts.
The company specified that the strategic locations reduce shipping time, enhance delivery flexibility, and increase capacity in key metropolitan areas.
In its quarterly earnings call in February, Old Dominion disclosed plans to open eight to ten new service centers in FY22.
Price Action: ODFL shares are trading lower by 0.18% at $315.37 on the last check Tuesday.