Old Dominion views Amazon's LTL service as not posing a threat.
by Web Administrator
Apr 25, 2025 10:40
Old Dominion Freight Line's CEO, Marty Freeman, believes that Amazon's new less-than-truckload (LTL) service will not disrupt the domestic market, viewing it instead as an opportunity to assist Amazon's suppliers with logistics. Old Dominion, which derives 25-30% of its business from retail, sees potential growth in LTL services due to increasing e-commerce. Despite a 5.8% revenue decline to $1.37 billion in Q1 2025, the company remains optimistic about leveraging its strong service reputation and adapting to changes in the retail supply chain.