Old Dominion remains well positioned for growth in the years ahead.
In the first quarter, less-than-truckload carrier Old Dominion Freight Line’s total revenue increased an impressive 23% year over year on a continued acceleration in tonnage and rates. The top line came in slightly ahead of our expectations, and thus we have raised our 2018 and, to a lesser degree, 2019 revenue forecasts. Increased lane density drove up first-quarter margins, which were largely in line with our expected run rate. We expect to raise our fair value estimate to $90 per share from $...Old Dominion Freight Line is a less-than-truckload (LTL) motor carrier providing regional, inter-regional and national LTL services, which include expedited transportation. In addition to the company's primary LTL services, the company provides a range of services including container drayage, truckload brokerage and supply chain consulting. The company also provides access to its systems through multiple gateways that provide its customers and employees flexibility and access to information. The company employs vehicle safety systems, on-board and hand-held computer systems, freight handling systems and logistics technology to reduce costs and transit times.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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