Why Old Dominion Freight Line (ODFL) Is One of the Best Freight Stocks to Buy Now?

Insider Monkey12-18

We recently published a list of 11 Best Freight Stocks To Buy Now. In this article, we are going to look at where Old Dominion Freight Line, Inc. (NASDAQ:ODFL) stands against other best freight stocks...

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(NASDAQ:ODFL) stands against other best freight stocks...</p>\n\n<a href=\"https://finance.yahoo.com/news/why-old-dominion-freight-line-131910569.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Old Dominion Freight Line (ODFL) Is One of the Best Freight Stocks to Buy Now?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Old Dominion Freight Line (ODFL) Is One of the Best Freight Stocks to Buy Now?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-18 21:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/why-old-dominion-freight-line-131910569.html><strong>Insider Monkey</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>We recently published a list of 11 Best Freight Stocks To Buy Now. In this article, we are going to look at where Old Dominion Freight Line, Inc. (NASDAQ:ODFL) stands against other best freight stocks...</p>\n\n<a href=\"https://finance.yahoo.com/news/why-old-dominion-freight-line-131910569.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4566","symbol_name":"资本集团","start_time":0,"source_url":"https://finance.yahoo.com/news/why-old-dominion-freight-line-131910569.html","article_id":"2492186855","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/Tl4BAqDz1F52kLStlsAQDA--~B/aD04MTY7dz0xNDU2O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/insidermonkey.com/43d5a11f2c82b2ae180135ba3b2dea03"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2492186855","pubTimestamp":1734527950,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"We recently published a list of 11 Best Freight Stocks To Buy Now. In this article, we are going to look at where Old Dominion Freight Line, Inc.  stands against other best freight stocks to buy now.While logistics oversees the overall supply chain strategy, including inventory management, warehousing, and customer service, the freight market refers to the industry involved in the transportation of goods from one location to another using various modes such as road, rail, air, and sea. According to a report by Precedence Research, the global freight transport market is valued at $34.53 billion in 2024 and is expected to reach $100.81 billion by 2034, representing a compound annual growth rate  of 11.31%. North America is estimated to have a market size of $11.74 billion in 2024 and is forecasted to grow at a robust CAGR of 11.45% during the same period. Trade within the North American region, particularly between the United States, Mexico, and Canada, plays a vital role.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4566":"资本集团","TSYW.SI":"TESLA 3xLongSG261006","USAW.SI":"AMZN 3xLongSG261006","TQQQ":"纳指三倍做多ETF","LTL":"PROSHARES ULTRA COMMUNICATION SERVICES","BK4588":"碎股",".IXIC":"NASDAQ Composite","QID":"纳指两倍做空ETF","PSQ":"纳指反向ETF","NVIW.SI":"NVDA 3xLongSG261006","QLD":"纳指两倍做多ETF","BK4022":"陆运","USJW.SI":"ALPHAB 3xLongSG261006","BK4504":"桥水持仓","CAGR":"California Grapes International, Inc.","BK4232":"货物陆运","SQQQ":"纳指三倍做空ETF","IE0008368304.USD":"STEWART INVESTORS WORLDWIDE LEADERS SUSTAINABILITY FUND \"I\" (USD) ACC","ODFL":"Old Dominion Freight Line","BK4585":"ETF&股票定投概念","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4159":"经销商"},"translate_title":"为什么Old Dominion Freight Line(ODFL)是现在最值得购买的货运股票之一？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CAGR":1,"ODFL":1,"LTL":1,".IXIC":0.9,"USJW.SI":0.6,"USAW.SI":0.6,"TSYW.SI":0.6,"TQQQ":0.6,"SQQQ":0.6,"QLD":0.6,"QID":0.6,"PSQ":0.6,"NVIW.SI":0.6,"NQmain":0.6,"MNQmain":0.6},"content_text":"We recently published a list of 11 Best Freight Stocks To Buy Now. In this article, we are going to look at where Old Dominion Freight Line, Inc. (NASDAQ:ODFL) stands against other best freight stocks to buy now.\nWhile logistics oversees the overall supply chain strategy, including inventory management, warehousing, and customer service, the freight market refers to the industry involved in the transportation of goods from one location to another using various modes such as road, rail, air, and sea. According to a report by Precedence Research, the global freight transport market is valued at $34.53 billion in 2024 and is expected to reach $100.81 billion by 2034, representing a compound annual growth rate (CAGR) of 11.31%. North America is estimated to have a market size of $11.74 billion in 2024 and is forecasted to grow at a robust CAGR of 11.45% during the same period. Trade within the North American region, particularly between the United States, Mexico, and Canada, plays a vital role.\nIn 2023, the US transborder freight flows with these countries totaled $1.57 trillion. Several factors, such as increasing international trade, the expansion retail industry, and the growth of e-commerce platforms are boosting the demand for secure and faster freight services. Similar to other industries, the freight market is also witnessing a rise in sustainability efforts and technological integration. Artificial intelligence, in particular, is revolutionizing the industry by enhancing efficiency and optimizing operations. AI applications, such as real-time inventory monitoring, smart warehousing, traffic management, and freight-matching platforms, are streamlining freight processes.\nCompanies Brace for Tariff-Induced Challenges\nPresident-elect Donald Trump’s proposed tariffs on key trade partners such as China, Mexico, and Canada could severely impact the US transportation industry. Sector experts warn that these tariffs could undermine the growth of North American trade and warned that the proposed trade policies could inadvertently harm the US businesses Trump aims to support. Jason Miller, interim chair of supply-chain management at Michigan State University, explained that higher tariffs would drive up prices, reducing demand and leading to a decline in freight movement. This trend could pose revenue risks for major companies dependent on freight activity.\nOn December 13, Reuters reported that Trump’s tariff strategy, aimed at creating jobs and compensating for lost revenue from planned tax cuts, effectively acts as a new tax on consumers, whose spending drives the US economy. According to Mary Lovely, a senior fellow at the Peterson Institute for International Economics, the tariffs could significantly disrupt trade flows. She predicts that the new administration could implement these measures as early as the second or third quarter of 2025.\nTrucking, which accounts for about one-third of U.S. transportation, has been particularly vulnerable to tariff-induced economic slowdowns. Dean Croke, principal analyst at DAT Freight and Analytics, noted that tariffs imposed during Trump’s previous term led to a trucking recession throughout most of 2019. The industry is already experiencing its longest downturn, driven by flat industrial production and overcapacity from the pandemic-era shipping boom. Cross-border trade between the U.S., Mexico, and Canada remains one of the few bright spots for the trucking sector. In September 2024, the value of cargo transported across these borders reached $88.5 billion, a 7.7% increase from the previous year. However, new tariffs could jeopardize growth opportunities. The proposed tariffs could also derail railroad companies’ plans for growth.\nFreight remains an uncertain yet essential industry, serving as a cornerstone for global trade and a vital base for manufacturing. If manufacturing gains momentum in the US, the freight sector may play an even more critical role in supporting supply chains and economic growth.\n\nOur Methodology\nTo compile our list of the 11 best freight stocks to buy now, we scanned transportation ETF plus online rankings to compile an initial list of 25 companies that offer freight services. Then we used Insider Monkey’s Hedge Fund database to rank 11 stocks according to the largest number of hedge fund holders, as of Q3 2024. The list is sorted in ascending order of hedge fund sentiment.\nWhy do we care about what hedge funds do? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).\nOld Dominion Freight Line, Inc. (NASDAQ:ODFL)\nNumber of Hedge Fund Investors: 38\nOld Dominion Freight Line, Inc. (NASDAQ:ODFL) is a leading provider of less-than-truckload (LTL) freight transportation services in North America. The company’s extensive network of 250 service centers and terminals spans the United States, Canada, and Mexico. The company offers a wide range of logistics solutions, including expedited, and intermodal services. Old Dominion Freight Line, Inc. (NASDAQ:ODFL) is known for its high standards of service, with 15 consecutive years of being named the number one national LTL provider by Mastio & Company.\nTo sustain its growth and maintain its market leadership, Old Dominion Freight Line, Inc. (NASDAQ:ODFL) is leveraging technology to enhance operational efficiency, improve customer experience, and drive cost savings. The company is implementing advanced systems for route optimization, real-time tracking, and data analytics, which aims to significantly improve its ability to manage shipments and provide customers with transparent, real-time information. Old Dominion Freight Line (NASDAQ:ODFL) has also announced a 4.9% general rate increase, effective December 2, to offset rising costs and support ongoing investments in service quality and technology.\nDespite current economic challenges, Old Dominion Freight Line, Inc.’s (NASDAQ:ODFL) management remains confident in the company’s ability to capitalize on future growth opportunities. The company’s disciplined approach to pricing and yield management allows it to consistently improve its yields, offsetting cost inflation and supporting additional investments in capacity and technology.\nOverall, ODFL ranks 11th on our list of best freight stocks to buy now. While we acknowledge the potential of ODFL to grow, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than ODFL but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.\nREAD NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock.\nDisclosure: None. This article is originally published at Insider Monkey.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2492186855"}