LTL Carrier Profile: Old Dominion
Old Dominion is the fifth largest less than truckload (LTL) carrier with approximately $2.1B in sales (estimated 2012). Old Dominion has 6% of the less than truckload (LTL) market. Old Dominion is based in Thomasville, North Carolina.
The company has five primary product groups: OD-Domestic, OD-Expedited, OD-People, OD-Global and OD-Technology. The core business segment for Old Dominion is “LTL” or “Less than Truckload” carrier.
Old Dominion also provide ocean freight service including full container load (FCL) and less-than-container load (LCL) service offerings. Old Dominion also provides household moving services, white glove services, and trade show shipping as part of their expedited division.
LTL Carrier Profile: Old Dominion History
The company traces its origins to 1934 when Earl and Lillian Congdon founded the company with a single truck running between Richmond and Norfolk, Virginia.
After Earl Congdon died, Lillian Congdon assumed the presidency and was joined by sons Earl Jr. and Jack. In 1957, Old Dominion extended its operations to most major markets in North Carolina and southern Virginia. Five years later, the company relocated its headquarters to High Point, North Carolina, in 1962 and merged with Bottoms-Fiske trucking company.
Between 1969 and 1979, the company entered a period of expansion, acquiring a number of competing trucking lines. With the deregulation of the trucking industry in the 1980s, Old Dominion extended its service area into Florida, Tennessee and California and also started serving the major markets of Chicago and Dallas.
The company went public in 1991.
David Congdon, son of Earl Congdon Jr. and grandson of the company’s founders, was named president and COO in 1997. Today, he serves as the company’s president and CEO. Earl Congdon Jr. continues to serve with the company as executive chairman of the board.
In the mid-2000s, Old Dominion launched international offerings to Canada and China. Today, in addition to domestic less-than-truckload services, the company offers assembly and distribution services and LCL and FCL delivery services to and from all of North America, Central America, South America and the Far East.
LTL Carrier Profile: Old Dominion Equipment & People
Old Dominion has 6,072 tractors; 24,008 trailers and 220 service centers. Old Dominion Inc. has 12,952 employees worldwide.
LTL Carrier Profile: Old Dominion Service Area
Old Dominion operates as a less-than-truckload (LTL) carrier primarily in the United States and North America. It provides regional, inter-regional, and national LTL services.
Old Dominion’s service area includes all of the United States including Alaska, Hawaii, Puerto Rico, U.S. Virgin Islands and Guam. Old Dominion also offers a super regional.
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