Old Dominion Freight Line Inc Ordinary Shares

ODFL: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$955.00	Lkgkln	Nkkkscckj

Old Dominion Earnings: Underlying Less-Than-Truckload Demand Stabilizing; 2024 Outlook Positive

Matthew Young

Jan 31, 2024

Narrow moat less-than-truckload specialist Old Dominion's top line came in roughly flat year over year, though this is better than the 8% decline posted during the first nine months of 2023, thanks to easing comparisons and freight diversions from bankrupt peer Yellow. Revenue was largely in line with our forecast.

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