Old Dominion Freight Line Adds Capacity Via New, Expanded Facilities

by Akanksha Bakshi, Benzinga Editor
March 29, 2022 11:49 AM | 1 min read |
  • 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.
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