Breaking: Oklahoma-Based Trucking Company Ceases Operations After 77 Years [Yahoo! Finance News]
Old Dominion Freight Line, Inc. (ODFL)
Last old dominion freight line, inc. earnings: 4/23 07:00 am
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Source: Yahoo! Finance News
Family-owned Beaver Express Services of Woodward, Oklahoma, notified drivers and employees on Monday that the less-than-truckload (LTL) carrier is ceasing operations after 77 years.Mike Stone, president of Beaver Express, told FreightWaves that the coronavirus outbreak, soaring insurance costs and oil prices plunging to around $32 per barrel in March was the "perfect storm" that forced the company to wind down operations.He admits the company has been struggling for about two years. Stone said he explored every avenue to stay afloat or find another LTL carrier willing to buy the company, but failed to find one in time."My grandfather helped start this business in 1943 and I am part of the third generation involved in operating the company, so this isn't a decision I came to lightly," Stone told FreightWaves late Sunday.Stone sent a letter to customers on Saturday alerting them of the company's plan to wind down operations. After it makes its last deliveries this Thursday, Stone told c
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- Old Dominion Freight Line, Inc. (NASDAQ: ODFL) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- Old Dominion Freight Line, Inc. (NASDAQ: ODFL) had its price target raised by analysts at Evercore ISI from $199.00 to $202.00. They now have an "in-line" rating on the stock.MarketBeat
ODFL
Earnings
- 2/5/25 - Beat
ODFL
Sec Filings
- 2/14/25 - Form 4
- 2/14/25 - Form 4
- 2/14/25 - Form SCHEDULE
- ODFL's page on the SEC website