Old Dominion Freight Line posted large third-quarter increases in profits and revenue as it took advantage of tight freight capacity and focused on transitioning to more profitable accounts.

Old Dominion Freight Line Inc.’s profit and revenue rose in the third quarter as freight demand picked up as the economy started to rebound from the COVID-19 pandemic recession.

Old Dominion Freight Line Inc. reported a dip in fourth-quarter profits and revenue as it contended with what the motor carrier called a challenging operating environment.

Old Dominion Freight Line cited slowing economic growth for third-quarter financial results that declined on a year-over-year basis and missed Wall Street expectations.

Old Dominion Freight Line Inc. will open or remodel six service centers in the first half of 2019, the company said in a news release.

The Federal Motor Carrier Safety Administration has granted Old Dominion Freight Line Inc. and the Motion Picture Association of America exemptions from hours-of-service regulations pertaining to the electronic logging device mandate.

When Old Dominion Freight Line Inc. landed an advertising and marketing contract with Major League Baseball earlier this year, it was part of a long-term strategy to grow its business, representatives of the Thomasville, N.C.,-based trucking and logistics company said.

Old Dominion Freight Line Inc. officially cut the ribbon on its eighth service center in Illinois on Sept. 21, occupied with 117 employees and 103 doors at the cross dock.

Averitt Express and Old Dominion Freight Line Inc. are the country's highest-rated privately held and publicly traded less-than-truckload carriers, respectively, according to a survey of more than 2,000 shippers in the United States that Mastio & Co. conducted last year.

Old Dominion Freight Line Inc. reported profits rose 9.1% in the first quarter, a positive start for the major less-than-truckload companies scheduled to report earnings by May 5.