Old Dominant Transport Lane, Inc. (NASDAQ: ODFL) is a company that is less than a truckload (LTL). It offers regional, inter-regional and national LTL services. In addition to its core LTL services, the company offers logistics services including accelerated ground and air transportation, supply chain consultancy, transportation management, trucking intermediaries, container shipping and warehousing, as well as housekeeping services. It contracts with worldwide expedition services.
Video Old Dominion Freight Line
Histori
The company traced its origins to 1934 when Earl and Lillian Congdon founded the company with a truck that runs between Richmond and Norfolk, Virginia.
After Earl Congdon died, Lillian Congdon occupied the presidency and joined the sons of Earl Jr. and Jack. In 1957, Old Dominion expanded its operations into most markets in North Carolina and southern Virginia. Five years later, the company moved its headquarters to High Point, North Carolina, in 1962 and joined the Bottoms-Fiske trucking company.
Between 1969 and 1979, the company acquired a number of competing truck lanes. With the deregulation of the truck industry in the 1980s, Old Dominion expanded its service area to Florida, Tennessee and California and also began serving the major markets of Chicago and Dallas.
The company went public in 1991.
David Congdon, grandson of the company founder, named president and COO in 1997. Currently, he is Vice Chairman and CEO of the company. His father, Earl Congdon Jr., is the company's chief executive. Greg C. Gantt serves as President and Chief Operating Officer.
The company offers assembly and distribution services as well as LCL and FCL shipping services to and from across North America, Central America, South America and the Far East.
Maps Old Dominion Freight Line
Business segment
The company has five main product groups: Domestic, Accelerated, People, Global, Home Service, and Technology. The core business segment for Old Dominion is the LTL carrier shipping service. Global offerings include full container load (FCL) and less container loading (LCL) services to the Caribbean, Europe, Far East, Central America and South America. Old Dominion also offers mobile household services, and trade show deliveries as part of an accelerated division to accommodate all logistical needs.
The company operates more than 5,800 tractors and more than 22,500 trailers.
Sustainability
Old Dominion is part of SmartWay Transport Partnership, a collaboration between cargo shippers, operators, and logistics companies to voluntarily achieve improved fuel efficiency and reduce emissions from freight transport. These technologies include wide-based tires, reduced road speed, idle reduction, auto tire inflation, better delivery logistics, improved aerodynamics and longer combination vehicles.
Awards
Old Dominion has won numerous awards for its services and growth.
- In 2013, the Fortune magazine named the company on the list of "100 Fastest Growing Companies."
- Forbes magazine calls Old Dominion one of the 100 Most Valued Companies in America for three consecutive years and as one of America's Best Entrepreneurs.
- NASSTRAC honors the company as a carrier of 2015 for the third year in a row.
- SupplyChainBrain is named ODFL in its 2015 "List of Large Supply Chain" list.
- Inbound Logistics named the company with a list of 75 Green Supply Chain Partners (G75) for the fifth year in a row.
- For 5 consecutive years, Logistics Management rewards OD with Quest for Quality Award.
- Mastio & amp; The company placed Old Dominion as the No. 1 National LTL operator. 1 for the seventh year in a row.
- CIO magazine recognizes Old Dominion for IT Excellence with CIO 100 Award for the fifth year in a row.
References
External links
- Old Dominion Freight Line, Inc.
Source of the article : Wikipedia
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