Old Dominion Freight Line, Inc. · NASDAQ:ODFL
Old Dominion Freight Line — Investor Presentation (August 2026)
19 slides from Old Dominion Freight Line's investor presentation, August 2026
Slide 1: Old Dominion Freight Line
OLD DOMINION FREIGHT LINE August 2026
Slide 2: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS This presentation and discussion may contain forward- looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “expects,” “anticipates,” “intends,” “estimates” or similar expressions are intended to identify these forward
Slide 3: Company Overview
COMPANY OVERVIEW 20,108 10,291 Full-Time Tractors Active Non-Union Employees 45,135 Trailers 2nd Largest LTL ~12% market share 261 Service Centers in ~$44B Market Cap 48 States $5.5B 2025 Revenue *Note: All data is as of June 30, 2026, except for the number of service centers and market capitalizati
Slide 4: Full Menu of Services
• Regional, inter- regional and long- • Time-sensitive haul LTL from a and appointment single-source shipments operation FULL MENU OD PEOPLE OF SERVICES OD TECHNOLOGY • LTL • Container • Canada, Drayage Mexico, Puerto • Truckload Rico and other Brokerage locations • Approximately 1% of total company
Slide 5: History of Profitable Growth
HISTORY OF PROFITABLE GROWTH $7,000 2005-2025 Compound Annual Growth Rate: $1,600 • Revenue: 8.6% $6,000 • Net Income: 15.9% $1,400 • Diluted Earnings Per Share: 16.9% $1,200 $5,000 Revenue (Millions) Net Income (Millions) $1,000 $4,000 $800 $3,000 $600 $2,000 $400 $1,000 $200 $0 2014 $0 2005 2006 2
Slide 6: Strategic Foundation for Success
STRATEGIC FOUNDATION FOR SUCCESS Focus on Growing > Approximately 70% of Shipments are Next or 2nd Day Market Segments > Unique Network also allows for growth in longer-haul lanes > On-time service has improved from 94% in 2002 to 99% in 2025 Deliver Superior > Cargo claims ratio has declined from 1
Slide 7: Superior On-Time Service
SUPERIOR ON-TIME SERVICE ON-TIME DELIVERIES AS % OF TOTAL 100.0% 99.0% 98.0% 97.0% 96.0% 95.0% 94.0% 93.0% 92.0% 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021* 2022 2023 2024 2025 *Note: December 2021 data – YTD average for 2021 was 98% 7
Slide 8: Exceptional Cargo Claims Ratio
EXCEPTIONAL CARGO CLAIMS RATIO CARGO CLAIMS AS % OF REVENUE 2.00% 1.50% 1.00% 0.50% 0.00% 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 8
Slide 9: 2025 Competitive Value Map
2025 COMPETITIVE VALUE MAP ◼ Named the #1 National LTL Carrier for 16 consecutive years ◼ Third-party data validates our value proposition and opportunities for market share growth Fair Value Line Copyright 2025 Mastio & Company: US LTL Study 21st Edition 9
Slide 10: Consistent Pricing Strategy
CONSISTENT PRICING STRATEGY ◼ Long-term and consistent pricing philosophy that is fair for all customers ◼ Target LTL Revenue per Shipment to exceed cost per shipment each year to support further investments in our business LTL REVENUE PER SHIPMENT, INCLUDING FUEL SURCHARGES $500 $450 $400 $350 $300
Slide 11: Investing for Growth
INVESTING FOR GROWTH $900 CAPITAL EXPENDITURES $750 • Significant real estate purchases from 2016-2025 of $2.4 billion $600 to expand and improve the service ($ in millions) center network $450 • Capital expenditures are typically between 10% to 15% of total annual revenue $300 • Tractor and trailer
Slide 12: Service Center Capacity
SERVICE CENTER CAPACITY • Service center capacity for the LTL industry has consistently declined over the past 10 years • Industry shipments per day per service center are only modestly below 2022 levels, indicating that industry capacity remains limited • This creates a tremendous opportunity for u
Slide 13: Capital Allocation
CAPITAL ALLOCATION 2,250 40% 2,000 1,750 30% 1,500 (% Debt / Cap) ($ in millions) 1,250 20% 1,000 750 10% 500 250 - 0% 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Operating Cash Flow Net Capex M&A Share Repurchases Dividends Debt / Cap 13
Slide 14: What's Ahead for ODFL?
WHAT’S AHEAD FOR ODFL? 14
Slide 15: Long-Term Market Share Gains
LONG-TERM MARKET SHARE GAINS MIDWE ST PACIFIC N ORTHWE ST $14.0B 2010 – 5.6% $1.4B 2015 – 9.0% NORTHE AST 2010 – 6.9% 2020 – 11.2% 2015 – 11.1% 2025 – 12.1% $6.1B 2020 – 12.8% 2010 – 6.4% 2025 – 14.9% 2015 – 9.3% 2020 – 10.7% 2025 –11.9% WE ST $6.5B 2010 – 7.3% 2015 – 9.8% 2020 – 11.3% 2025 – 13.4%
Slide 16: Long Term Operating Ratio Improvement
LONG TERM OPERATING RATIO IMPROVEMENT $29,500 100.0% 95.0% $24,500 90.0% Operating Ratio Service Center Revenue per (thousands) $19,500 85.0% 80.0% $14,500 75.0% $9,500 70.0% $4,500 65.0% 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Revenue per Service Center Operating Ratio 16
Slide 17: Best Positioned LTL Carrier
BEST POSITIONED LTL CARRIER • History of significant revenue growth and profitability • Ongoing Opportunity to Win Market Share • Superior customer service delivered at a fair price • Capacity to grow supported by an unmatched investment in our network and equipment • Experienced and motivated team
Slide 18: Thank You
THANK YOU 18
Slide 19: Updated Financial Metrics
UPDATED FINANCIAL METRICS 2Q26 2 Q 2 6 O P E R AT I N G 2025 FINANCIAL S TAT I S T I C S FINANCIAL HIGHLIGHTS HIGHLIGHTS • Revenue increased 10.4% • LTL tons per day decreased 4.1% • Revenue decreased 5.5% • Operating ratio improved • LTL shipments per day decreased • Operating Ratio increased 450 b
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