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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]
J.B. Hunt Transport Services, Inc. is an American transportation and logistics company based in Lowell, Arkansas. It was founded by Johnnie Bryan Hunt and Johnelle Hunt in Arkansas on August 10, 1961. By 1983, J.B. Hunt had grown into the 80th largest trucking firm in the US, with $623.47 million in revenue.
The trucking industry employs 10 million people (out of a total national population of 300 million) [ 51 ] in jobs that relate directly to trucking. The trucking industry is the industry of small business, considering 93 percent of interstate motor carriers (over 500,000) operate 20 or fewer trucks. [ 52 ]
In July, Old Dominion, long considered to be among the best operators, delivered quarterly results that helped put investors at ease. The company earned $1.48 per share on sales of $1.5 billion, a ...
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Last quarter, Old Dominion Freight Line notched revenue of $532.6 million. GAAP reported sales were 7.1% higher than the prior-year quarter's $497.1 million. Source: S&P Capital IQ. Quarterly periods.
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