Old Dominion Freight Line Inc Ordinary Shares

ODFL: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$661.00	Scwfszt	Hcllypkbcy

Old Dominion Earnings: Share Gains From Failed Yellow Offset Otherwise Soft Underlying Demand

Matthew Young

Oct 25, 2023

Narrow-moat less-than-truckload specialist Old Dominion's top line fell 5.5% year over year, though this is much better than the 15% decline last quarter thanks to the freight diversions from bankrupt peer Yellow. Revenue was largely in line with our forecast, as we've already been baking in a meaningful sequential uptick in volumes.

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