Why Old Dominion Freight Line Stock Hit the Accelerator in July

The company's quarterly results highlight the resilience of the business. The trucking recession isn't over, but Old Dominion Freight Line (ODFL -4.65%) provided a reminder last month that it is a best-in-class operator able to navigate through the slowdown. Shares of Old Dominion climbed 19% in July, according to data provided by S&P Global Market Intelligence, after the company generated a better-than-expected second-quarter profit. Cost controls drive an earnings beat It has been a tough year for truckin ...