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Old Dominion, $ODFL, stands out among transportation businesses
Capital allocation, operational execution, management / ownership all top notch
Below from their most recent deck
Capital allocation, operational execution, management / ownership all top notch
Below from their most recent deck
More on ODFL from their 2020-08-19 Investor Deck
1/ The top 25 Less-than-truckload ("LTL") shippers have grown their share of the total LTL market by 4.4% pa from 2002-2019
ODFL has gained 7.3% of market share in that time
1/ The top 25 Less-than-truckload ("LTL") shippers have grown their share of the total LTL market by 4.4% pa from 2002-2019
ODFL has gained 7.3% of market share in that time
2/ Since 2011, ODFL has increased their service center count by 9% while their competition in aggregate has reduced their service centers by (2%)
In that same time, ODFL has increased shipments by 58% compared to +2% for the competition
In that same time, ODFL has increased shipments by 58% compared to +2% for the competition
3/ ODFL's consistent and transparent revenue model has resulted in consistent pricing power
4/ The Company has achieved >99% on-time deliveries each year since 2013
5/ ODFL has reduced their Operating Ratio, 1 - EBIT Margin, by 1100bps since 2010
6/ The Company is a family business;
- Earl Congdon, the son of one of ODFLs founders, is the Senior Executive Chairman
- David Congdon, Earl's son, is the Executive Chairman
- John Congdon, Earl's nephew, is a director
Combined, they own 12.4% of shares, worth $2.87B
- Earl Congdon, the son of one of ODFLs founders, is the Senior Executive Chairman
- David Congdon, Earl's son, is the Executive Chairman
- John Congdon, Earl's nephew, is a director
Combined, they own 12.4% of shares, worth $2.87B
7/ Compared to other LTL carriers, $FDX, $UPS, $XPO as well as J.B. Hunt /$JBHT, another well managed transportation business, ODFL's EV / EBITDA - Capex valuation is reasonable; http://snt.io/C6Fh1VnzK
8/ Over the last three years, ODFL's total return of 218% is by far the best among the group, with UPS and XPO next best at 55% and 49% http://snt.io/DeFh1VsSU
