11 Best Logistics Stocks to Invest in Right Now

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8. Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Number of Hedge Funds: 38

Old Dominion Freight Line, Inc. (NASDAQ:ODFL) is one of the largest North American less-than-truckload motor carriers. The firm offers regional, inter-regional and national LTL services through a single integrated, union-free organization. ODFL also offers a range of value-added services including container drayage, truckload brokerage and supply chain consulting, other than its core LTL services.

The firm is a leading national LTL carrier, with third-party data validating its value proposition and opportunities for market share growth. The market share opportunity for Old Dominion Freight Line, Inc. (NASDAQ:ODFL) in the LTL market stays massive. The company is not just the leading but is deemed the best-positioned LTL carrier, with a solid history of significant revenue growth and profitability, superior customer service delivered at a fair price, ongoing opportunity to win market share, as well as an experienced and motivated team.

Furthermore, Old Dominion Freight Line, Inc. (NASDAQ:ODFL) continues to invest to keep moving forward, building on the aforementioned progress. The firm made significant real estate purchases from 2014 to 2023 of $2.1 billion to expand and improve the service center network. The capacity to grow supported by an unmatched investment in its network and equipment further reiterates the firm’s strong positioning.

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