Old Dominion Freight Line(ODFL) - 2023 Q2 - Earnings Call Presentation

Financial Performance & Market Position - ODFL's 2022 revenue was $626 billion, positioning it as the 2nd largest LTL carrier with approximately 12% market share[71] - In Q2 2023, ODFL's operating ratio decreased by 280 bps to 723%[46] - For the year-to-date 2023, diluted earnings per share decreased by 114%[46] - Revenue decreased 152% in Q2 2023[34] Strategic Investments & Capacity - Capital expenditures typically range between 10% to 15% of total annual revenue[8] - From 2013 to 2022, ODFL invested $20 billion in real estate to expand and improve its service center network[64] - Since the beginning of 2013, the company has invested $21 billion in service center additions and expansions, adding 38 service centers (a 17% increase) and increasing door count by 51%[56] Service & Operational Excellence - On-time service has improved from 94% in 2002 to 99% in 2022[56] - Cargo claims ratio has declined from 15% in 2002 to 01% in 2022[56] Market Share & Growth - The North America LTL market is valued at $525 billion, with ODFL having a CAGR of 51%[9] - ODFL's market share in various regions ranges from 115% to 151% in 2023[68]