Strong LTL Backdrop Drives Impressive Results in Old Dominion’s 3Q; Raising FVE.
Less-than-truckload carrier Old Dominion’s third-quarter total revenue increased 11.5% on impressive tonnage growth, solid core pricing gains, and increased fuel surcharges. Revenue growth once again came in ahead of our expected run rate, as demand conditions across the broader trucking industry (including strength in industrial end markets) have accelerated and Old Dominion continues to grab market share on top of that. The firm’s solid top-line showing also lifted network density, and profita...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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