Hunt’s Simpson, saying, “Market conditions for carriers might outperform our current outlook starting late this year as capacity could prove tighter than reflected in our forecast, potentially leading to stronger rates. He added that the industrial sector remains sluggish. The recent deceleration in consumer inflation certainly is a positive development, but we do not anticipate it will lead to any meaningful increase in consumption.” In a recent statement, Vise said, “The outlook for trucking conditions has changed little, and we still do not forecast any positive readings for the Trucking Conditions Index until late 2024. Overall, the industry may lag for the foreseeable future, as indicated by Avery Vise, an industry analyst and vice president of the trucking segment at FTR Transportation Intelligence.įTR publishes the Trucking Conditions Index, which tracks the changes in five significant conditions affecting the U.S. It’s a middle-of-the-pack industry whose price performance has worsened in the past three months. Hunt in both earnings and price performance, there’s still the question of whether the trucking industry is the best place to invest right now. Whether it’s on the road, on the docks, at a forklift rodeo, employee appreciation events, in the office, or at one of our cookouts or many celebrations, there’s a spirit of caring, sharing and being kind to each other. So where does that leave Old Dominion? While it’s among the better performers within the industry, passing J.B. We have established a great family culture at OD that is hard to find and replicate. If you have further questions about Expedited Services from Old Dominion Freight Line, email OD or simply call 1-86 to be connected to an Old Dominion account representative. Is Trucking The Best Place To Park Money Right Now? We provide you with the most powerful parcel tracking system for any post office. That still outpaced the broader index, which declined 2.47% as of Thursday’s close. Old Dominion Freight Line package tracking is easy with Ordertracker, all you have to do is to paste your tracking number in the above field to track a package or go to the track my package section. That doesn’t look so bad, but is pessimism setting in? Before Friday’s opening bell, the S&P transportation ETF was down 1.86% for the week. That index advanced 10.77% in the past three months and 9.41% in January. While it’s not a “pure play” trucking index, it offers a glimpse into what manufacturers are shipping to various business customers. It also tracks airlines, railroads, bulk shippers, and freight forwarders. Hunt, Old Dominion, and Landstar System, Inc (NASDAQ: LSTR), among other trucking and logistics companies. However, the SPDR S&P Transportation ETF (NYSEARCA: XTN) includes J.B. There’s no major index that tracks trucking in particular. In the earnings call, company president Shelly Simpson sought to ease investor concerns about a lengthy downturn, saying, “We have had good signals from our customers about Q2 starting up back to a more normalized or having a more normal environment.” Commodities excluded include household goods, personal effects, and other prohibited commodities identified in OD Rules 100 - Item 780.However, shares rallied as the company increased its dividend. "Add'l Cargo Liability" requests cannot exceed $250,000 for new commodities or $15,000 for used commodities without written approval from ODFL, and all shipments must be prepaid. The amount that you request for "Add'l Cargo Liability" (subject to the requirements and limitations of OD Rules 100 - Item 574) replaces in its entirety all other carrier cargo liability limitations, including any "per pound" limitations, set forth under OD Rules 100 - Item 594 or any applicable tariff or contract. "Add'l Cargo Liability" (i.e., a higher level of carrier cargo liability), as defined and governed by OD Rules 100 - Item 574, is the entire amount (starting at first dollar) being requested by you for carrier cargo liability on the shipment. Standard shipping times apply for all other shipments. Date and Time entries are only used for On Demand Shipments. Rates and times are based on the options you entered. Company Description: Old Dominion Freight Line is one of the largest North American less-than-truckload (LTL) motor carriers specializing in less-than-truckload (LTL) shipments (freight from multiple shippers consolidated into a single truckload). Users of the new website will see the new BOL PDF, while users still on the legacy website will remain on the old layout until they are migrated. The layout updates the following items and improves the documents readability. ODFL 100 Rules Tariff Total Charges are estimated based on information provided and may NOT include all applicable accessorial charges from the ODFL 100 Rules Tariff Transit times are approximate and may vary based on actual origin, destination and day of the week shipped. OD has released a new layout for the BOL document.
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