My goal for each of these “deep dive” pieces is to explore individual freight transportation companies within the context of their sector, with a particular emphasis on the relevant fundamental drivers of each business. I chose to start with Old Dominion as it is one of the best-run businesses in the entire freight transportation industry with attractive financial metrics and a solid (and widening) competitive advantage.
Great post! Quick question, how do you know that legacy industrials is 55/60% of ODFL revenues?
Sorry it took so long to respond. It’s been a few years but I think they said it at one of the bank conferences