Old Dominion Freight Line Inc
NASDAQ:ODFL

  • LAST PRICE
    174.3700
  • TODAY'S CHANGE (%)
    -1.6700 (-0.9486%)
  • Bid / Lots
    172.5000/ 1
  • Ask / Lots
    174.6600/ 1
  • Open / Previous Close
    175.9200 / 176.0400
  • Day Range
    173.6500
    177.2000
  • 52 Week Range
    165.4900
    227.8000
  • Volume
    1,150,715

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  • Yesterday

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    • 11:55AM ET on Wednesday Jun 26, 2024 by Dow Jones
      Companies Mentioned: FDX, ODFL, SAIA, XPO

      1154 ET - FedEx spinning out its freight business could unlock meaningful value, say analysts at UBS in a research note. The delivery company on Tuesday said management and the board are conducting an assessment of the role of FedEx Freight in its portfolio and potential steps to further unlock shareholder value. The analysts note that a spin out of less-than-truckload business could unlock value, particularly when considering the much higher valuation of other leading non-union LTL companies including Old Dominion Freight Line, Saia and XPO Logistics. They add that FedEx's cost reduction efforts and delivery of improving overall margins supports upside for FedEx's stock while the potential spin of its freight business provides a path for a further step up; their analysis points to potential upside to $387 for FedEx if there's a spin-out. (denny.jacob@wsj.com; @pennedbyden)

    • 11:20AM ET on Wednesday Jun 26, 2024 by Dow Jones
      Companies Mentioned: FDX, ODFL, SAIA, XPO

      1120 ET - FedEx's review of its freight business could unlock significant value, says BMO Capital Markets analyst Fadi Chamoun, in a research note. FedEx on Tuesday said management and the board are conducting an assessment of FedEx Freight and potential steps to further unlock shareholder value. The division is the largest less-than-truckload business and has an operating ratio of 80% that is second only to Old Dominion Freight Line. Chamoun says that given FedEx has historically traded at 8.5x EV/EBITDA and that peers including Saia and XPO Logistics, which have higher operating ratios, trade in the low to mid-teens, they expect a significant re-rating of valuation higher should FedEx Freight trade as a standalone company or be sold. Shares jump 15% to $293.98, boosted in part by modest improvement in 4Q revenue that reversed six straight quarters of declines. (denny.jacob@wsj.com; @pennedbyden)

    • 11:06AM ET on Wednesday Jun 26, 2024 by Dow Jones
      Companies Mentioned: ODFL

      Old Dominion Freight Line to Webcast Second Quarter 2024 Conference Call
      THOMASVILLE, N.C.--(BUSINESS WIRE)--June 26, 2024--
      Old Dominion Freight Line, Inc. (Nasdaq: ODFL) announced today that it plans to release its second quarter 2024 financial results before opening of trading on Wednesday, July 24, 2024. The Company will also hold a conference call to discuss its financial results and outlook at 10:00 a.m. (Eastern Time) on Wednesday, July 24, 2024.

    • 11:00AM ET on Wednesday Jun 26, 2024 by Business Wire
      Companies Mentioned: ODFL

      Old Dominion Freight Line, Inc. (Nasdaq: ODFL) announced today that it plans to release its second quarter 2024 financial results before opening of trading on Wednesday, July 24, 2024. The Company will also hold a conference call to discuss its financial results and outlook at 10:00 a.m. (Eastern Time) on Wednesday, July 24, 2024.

    • 11:00AM ET on Wednesday Jun 26, 2024 by Dow Jones
      Companies Mentioned: ODFL
      THOMASVILLE, N.C.--(BUSINESS WIRE)--June 26, 2024--
      Old Dominion Freight Line, Inc. (Nasdaq: ODFL) announced today that it plans to release its second quarter 2024 financial results before opening of trading on Wednesday, July 24, 2024. The Company will also hold a conference call to discuss its financial results and outlook at 10:00 a.m. (Eastern Time) on Wednesday, July 24, 2024.

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