Old Dominion Accelerates Network Expansion
Old Dominion Freight Line Inc. announced it has upgraded six service centers as it continues to expand its network of 233 locations.
The company will dedicate new, relocated and remodeled facilities in Birdsboro, Pa., Milton, Vt., Knoxville, Tenn., Commerce City, Colo., Abilene, Texas, and Anaheim, Calif.
Thomasville, N.C.-based Old Dominion completed the service network upgrades over the summer.
Old Dominion ranks No. 11 on the Transport Topics Top 100 list of the largest for-hire carriers in North America.
“As earnings this year have demonstrated, demand for our premium service remains high. Our customers expect a carrier that can channel their inventory,” Terry Hutchins, vice president of field services and real estate, said in a statement. “We have to be everywhere to help our customers keep their promises. So, this expansion reflects our strategy of measured continuous growth, building more efficiency in our network and increasing freight density and yield in order to exceed customer expectations.”
In its second quarter ending June 30, net income rose 66.1% to $163 million, or $1.99 per diluted share, compared with $98 million, or $1.19, a year earlier.
The less-than-truckload carrier noted it plans additional openings in the fourth quarter and will assess the logistics landscape for 2019.
