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Stock impact report

Did Old Dominion Freight Line, Inc. (ODFL)'s Q1 Performance Impress the Analysts? [Yahoo! Finance]

Old Dominion Freight Line, Inc. (ODFL) 
Last old dominion freight line, inc. earnings: 4/23 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: odfl.com/financials
Company Research Source: Yahoo! Finance
Line, Inc. (NASDAQ:ODFL) stands against the other logistics stocks. You can also check out the 20 Biggest Logistics Companies in the US here. The logistics industry is experiencing major developments, which bring both risks and opportunities. These changes are being driven by new technology, more competitors, changing customer expectations, and new business models. The global logistics market was valued at nearly $ trillion in 2022. The market is projected to grow to $4.5 trillion by 2027, expanding at a compound annual growth rate of 11.5%. Meanwhile, the US Freight and Logistics Market is predicted to reach a value of $ trillion by 2030. The domestic market is seeing expansion due to an increase in e-commerce trade within the country. The e-commerce sector saw a growth of over 14% year-over-year in 2023 to reach $925 billion. The number of e-commerce users is predicted to increase from 264.5 million in 2021 to 289.9 million by 2027. There is rising demand for logistical services Show less Read more
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