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Old Dominion Freight Line, Inc. traces its origins to 1934 when husband and wife Earl Congdon Sr. and Lillian Congdon (née Herbert) founded the company with a single straight truck running between Richmond and Norfolk, Virginia. [7] [8] The name is a reference to a common nickname for the Commonwealth of Virginia, the "Old Dominion." [9]
Old Dominion (ODFL) could produce exceptional returns because of its solid growth attributes.
Brutal acknowledgment. The stock was hammered. Old Dominion Freight Line ... Click here for in-depth analysis of the latest stock market news and events moving stock prices.
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The Dow Jones Transportation Average ( DJTA, also called the "Dow Jones Transports") is a U.S. stock market index from S&P Dow Jones Indices of the transportation sector, and is the most widely recognized gauge of the American transportation sector. It is the oldest stock index still in use, even older than its better-known relative, the Dow ...
Southeastern Freight Lines was founded in 1950 by William T. Cassels in Lexington, South Carolina. The company first had 14 trucks and 20 employees with a $5,000 loan. [4] In 1975 W. T. "Bill" Cassels, Jr. became President of Southeastern Freight.
Investors need to pay close attention to Old Dominion (ODFL) stock based on the movements in the options market lately.
Arkansas-Best changed its name to ABF Freight System Inc. in 1980 [7] and, by 1981, was the eighth largest trucking company in the US operating 106 terminals. [6] It acquired East Texas Motor Freight Lines, a subsidiary of Bright Industries Inc., in 1982, a move which added 44 new terminal cities increasing ABF's reach to a total of 158, [9 ...