How Is Old Dominion Freight Line’s Stock Performance Compared to Other Transportation Stocks?

With a market cap of $33.9 billion, Old Dominion Freight Line, Inc. (ODFL) is a top-tier less-than-truckload (LTL) freight carrier headquartered in Thomasville, NC. It operates over 260 service centers across 48 states, supported by a fleet of approximately 58,000 tractors and trailers and a workforce of around 21,900 employees

Companies worth $10 billion or more are generally described as “large-cap stocks,” Old Dominion fits right into that category, with its market cap exceeding this threshold, reflecting its substantial size, influence, and dominance in the trucking industry.

Its nationwide, company-owned network of over 260 service centers ensures tight control over service quality and transit times. The company maintains strong pricing power through disciplined yield management and a premium service model, even during volume downturns.

Despite its strengths, ODFL stock has retreated 31.3% from its 52-week high of $233.26 touched on Nov. 11, 2024. Meanwhile, ODFL has dropped 1.7% over the past three months, outperforming the SPDR S&P Transportation ETF’s (XTN) 4.1% rise over the same time frame.

ODFL stock has dipped 9.2% in 2025 and 7.4% over the past 52 weeks, compared to XTN’s 12% fall in this year and marginal plunge over the past year.

While ODFL has traded mostly below its 200-day moving average since early late February, it has climbed above its 50-day moving average since mid-May. 

Following the release of its better-than-expected Q1 results on April 23, Old Dominion Freight Line’s stock recorded a marginal rise. Although the company continued to face volume declines amid a persistently soft macroeconomic environment, revenue fell 5.8% year-over-year to $1.4 billion, still exceeding Street estimates. Margin pressures were evident, with net income declining 12.9% to $254.7 million. 

However, earnings per share came in at $1.19, surpassing consensus expectations by 3.5%, underscoring the company’s strong cost discipline and operational resilience despite ongoing industry headwinds.

Meanwhile, Old Dominion has also underperformed its peer XPO, Inc.’s (XPO) 8.2% drop on a YTD basis and a 17% rise over the past year.

Among the 22 analysts covering the ODFL stock, the consensus rating is a “Moderate Buy.” Its mean price target of $169.82 suggests a 6% upside potential from current price levels.