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Why Old Dominion Freight Line Stock Hit the Accelerator in July
FRGTFr8Tech(FRGT) The Motley Fool·2024-08-03 02:11

The company's quarterly results highlight the resilience of the business. The trucking recession isn't over, but Old Dominion Freight Line (ODFL -4.65%) provided a reminder last month that it is a best-in-class operator able to navigate through the slowdown. Shares of Old Dominion climbed 19% in July, according to data provided by S&P Global Market Intelligence, after the company generated a better-than-expected second-quarter profit. Cost controls drive an earnings beat It has been a tough year for truckin ...