Why Old Dominion Stock Is Decelerating Today

Trucking company Old Dominion Freight Line (ODFL -2.98%) is seeing an uptick in activity, but not quite at the levels that investors had hoped. Old Dominion and other truckers have been moving in the wrong direction of late. The company's shares are down 25% from their 2024 highs due to soft demand. Shipping customers are worried about the health of the U.S. economy and are trimming inventories as a result. Is Old Dominion stock a buy? Old Dominion historically has been among the industry's top performers, ...