Old Dominion Freight Line, Inc. (ODFL) Bundle
An Overview of Old Dominion Freight Line, Inc. (ODFL)
General Summary of Old Dominion Freight Line, Inc. (ODFL)
Old Dominion Freight Line, Inc. is a less-than-truckload (LTL) motor carrier headquartered in Thomasville, North Carolina. Founded in 1934, the company provides comprehensive national and regional transportation services.
| Company Metric | 2024 Data |
|---|---|
| Total Operating Revenues | $6.12 billion |
| Number of Service Centers | 259 |
| Total Trucks | 10,462 |
| Total Employees | 24,763 |
Financial Performance
Old Dominion Freight Line reported significant financial results in its latest reporting period.
| Financial Metric | 2024 Performance |
|---|---|
| Net Income | $1.42 billion |
| Operating Ratio | 63.4% |
| Diluted Earnings Per Share | $13.57 |
Industry Leadership
Old Dominion Freight Line is recognized as a top-tier transportation and logistics provider.
- Ranked #1 in LTL carrier customer satisfaction by J.D. Power
- Consistently outperforms industry average in on-time delivery
- Maintains advanced technology infrastructure for tracking and logistics
Key Service Offerings:
- Less-than-truckload (LTL) shipping
- Expedited transportation
- Dedicated transportation solutions
- International freight services
Mission Statement of Old Dominion Freight Line, Inc. (ODFL)
Mission Statement of Old Dominion Freight Line, Inc. (ODFL)
Old Dominion Freight Line, Inc. mission statement focuses on delivering superior transportation and logistics services through operational excellence and customer-centric approaches.
Core Components of Mission Statement
Service Commitment
ODFL's service commitment is demonstrated through key operational metrics:
| Performance Metric | 2024 Data |
|---|---|
| On-Time Delivery Rate | 99.1% |
| Claims Resolution Time | 3.2 days |
| Customer Satisfaction Score | 4.7/5 |
Operational Excellence
ODFL's operational capabilities include:
- Fleet Size: 10,432 tractors
- Service Centers: 243 locations
- Total Employees: 28,642
- Annual Revenue: $8.76 billion
Technology Integration
Technology investments supporting mission statement:
| Technology Investment Area | 2024 Allocation |
|---|---|
| Digital Platform Development | $127 million |
| Tracking Systems Upgrade | $42.3 million |
| Logistics Software Enhancement | $38.5 million |
Vision Statement of Old Dominion Freight Line, Inc. (ODFL)
Vision Statement of Old Dominion Freight Line, Inc. (ODFL)
Strategic Vision OverviewOld Dominion Freight Line's vision focuses on leadership in less-than-truckload (LTL) transportation and logistics services across North America.
Key Vision Components
Market Leadership Metrics| Metric | 2024 Value |
|---|---|
| Total Revenue | $9.19 billion |
| Operating Ratio | 73.4% |
| Network Coverage | 48 states |
- Continuous operational efficiency improvement
- Technology-driven logistics solutions
- Sustainable transportation practices
- Customer-centric service delivery
ODFL maintains a $500 million annual investment in technological infrastructure and digital transformation initiatives.
Performance Indicators
| Performance Metric | 2024 Performance |
|---|---|
| On-Time Delivery Rate | 99.1% |
| Customer Satisfaction Score | 94.6% |
| Digital Platform Engagement | 87% of customers |
Carbon emissions reduction target: 25% by 2030 through fleet modernization and alternative fuel technologies.
Core Values of Old Dominion Freight Line, Inc. (ODFL)
Core Values of Old Dominion Freight Line, Inc. (ODFL)
Safety First Culture
Old Dominion Freight Line maintains a rigorous safety commitment across its operations.
| Safety Metric | 2023 Performance |
|---|---|
| Total Recordable Injury Rate | 1.38 per 100 workers |
| DOT Preventable Accident Rate | 0.73 per million miles |
Customer Service Excellence
ODFL prioritizes exceptional customer experience through multiple service channels.
- On-time delivery rate: 99.1%
- Customer satisfaction score: 4.7/5
- 24/7 customer support availability
Operational Integrity
ODFL demonstrates commitment to operational efficiency and transparency.
| Operational Metric | 2023 Performance |
|---|---|
| Total Revenue | $9.4 billion |
| Operating Ratio | 78.3% |
Employee Development
ODFL invests significantly in workforce training and professional growth.
- Annual training hours per employee: 42
- Internal promotion rate: 65%
- Employee retention rate: 87%
Environmental Responsibility
ODFL commits to sustainable transportation practices.
| Environmental Initiative | 2023 Progress |
|---|---|
| Fleet Fuel Efficiency Improvement | 7.2% reduction in carbon emissions |
| Hybrid/Electric Vehicle Investments | 42 alternative fuel vehicles deployed |
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