Old Dominion topped quarterly earnings expectations despite a continued soft operating environment. It could take a while for the trucking slump to end, but Old Dominion is well positioned to survive and thrive when demand improves.

Many investors find transportation stocks unique due to their inherent qualities and vital role in the economy. Whether it's people or goods, transportation is a fundamental service with demand that tends to be resilient, even in softer markets.

The SPDR S&P 500 ETF Trust posted a 1.21% gain in July, underperforming Vanguard's Dividend Appreciation Index Fund ETF Shares by +3.97%. The top 15 dividend growth stocks for August 2024 offer an average dividend yield of 1.49% and appear to be about 28% undervalued based on dividend yield theory. Since its inception in September 2020, the watchlist has achieved a 12.25% annualized return.

Investors are getting excited about the changing monetary policy outlook. Fed Chairman Jerome Powell recently signaled that interest rate cuts are likely coming as soon as September.

Old Dominion Freight Lines (ODFL) is a top dividend growth stock, excelling in the less-than-truckload ("LTL") segment with remarkable efficiency and service. In 2Q24, ODFL showcased strong pricing power, improved volumes, and a lowered operating ratio, reflecting its operational excellence and strategic investments. With minimal debt, proactive buybacks, and impressive dividend growth, ODFL stands out as a resilient investment, poised for long-term gains in any market condition.

MEMPHIS, Tenn.--(BUSINESS WIRE)--6x ACM Award Group of Year Old Dominion will receive the 2024 Angels Among Us Award this October for outstanding commitment and service to the mission of St. Jude Children's Research Hospital®: Finding cures. Saving children.® Old Dominion joins an illustrious group of past recipients including Randy Owen, Brothers Osborne, Scotty McCreery, Florida Georgia Line, Lady A, Jake Owen, Brad Paisley and Darius Rucker. "It's truly humbling to be awarded the Angels Amon.

Earnings per share (EPS) of $1.48 beats analyst consensus estimates. Total revenue of $1.498 billion misses the estimate of $1.499 billion.

Old Dominion's (ODFL) revenues increase by 6..1% year over year in Q2.

The headline numbers for Old Dominion (ODFL) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Old Dominion Freight Line (ODFL) came out with quarterly earnings of $1.48 per share, beating the Zacks Consensus Estimate of $1.45 per share. This compares to earnings of $1.33 per share a year ago.

THOMASVILLE, N.C.--(BUSINESS WIRE)--Old Dominion Freight Line, Inc. (Nasdaq: ODFL) today announced financial results for the three-month and six-month periods ended June 30, 2024. All prior-period share and per share data in this release have been adjusted to reflect the Company's March 2024 two-for-one stock split.   Three Months Ended       Six Months Ended       June 30,       June 30,     (In thousands, except per share amounts) 2024   2023   % Chg.   2024   2023   % Chg. Total revenue $ 1,.

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