Old Dominion Conference Call Transcript

Discussion in 'Old Dominion' started by Victor_V, Feb 9, 2015.

  1. Victor_V

    Victor_V Road Train Member

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    It's that time when listed carriers put out their 10-K reports and sum it all up for the last year and the 4th quarter. ODFL just had its conference call and it's a barn burner.

    http://www.nasdaq.com/aspx/call-tra...odfl-q4-2014-results-earnings-call-transcript

    ODFL is the country's 5th largest and here's an analysis of ODFL and how it grew to 5th largest: http://marketrealist.com/analysis/s...s/?featured_post=234523&featured_chart=235256

    According to another article I read this morning, trucking represents 5% of GDP (Gross Domestic Product), consumes 52 billion gallons of diesel and dwarfs rail transportation at 84% of all transportation compared with just 6% for rail. To my mind, ODFL represents the best in the industry--well paid drivers and 99% on-time delivery across a national network.
     
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  3. 2BucTruck

    2BucTruck Medium Load Member

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    All I can say is that I love working for ODFL. I intend on staying my entire career.
     
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  4. Victor_V

    Victor_V Road Train Member

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    Earl Congdon, Executive Chairman led off:

    Absorbed 20% improvement in LTL tonnage in 4th Quarter with almost 50% increased earnings per share... okay, that's an attention-getter!
     
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  5. sdaniel

    sdaniel Road Train Member

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    Times are good !
     
  6. Shaggy

    Shaggy Road Train Member

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    Good for OD. Sweet, Now they can pay Overtime after 40.
    I like OD don't take this the wrong way, But heck, Pay some dang overtime after 40 or after 8. Sheesh.
     
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  7. Lonesome

    Lonesome Mr. Sarcasm

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    OD Leasing is hit or miss. Around here, they pay their mechanics skwat and are always looking for employees.
     
  8. blairandgretchen

    blairandgretchen Road Train Member

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    At our barn, the mechanics are prohibited from signing on as drivers - always found this wierd. Yet they'll get 20 something year old kids off the dock and throw them through training school and out on the road. From what I've seen, I don't have a lot of faith in their training, so far as real world skills are concerned.

    Their emplyment criteria are strict, and guarded. A team was very nearly not hired for failing to disclose an animal strike. Another, (user on here) had the door slammed in their faces and refused any explanation of why, after repeated attempts. I suspect bigotry played a part, and even my attempts at closure were shut down.

    After more than 7 years, we've never met, or heard from - anybody higher than terminal level. Friday willl be our last day, and I'll look back on it as no more than just another job.

    Don't get me wrong - they're a good company to work for, their compensation is more than fair, and we've rode the company stock in the 401k from $17/share to over $70. But they're just another company - among many others.
     
  9. Shaggy

    Shaggy Road Train Member

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    Pat yourself on the back, Stand up fella blair, Always talked highly of OD. OD Has it's quirks, Have fun on your next adventure my friend. OD ambassador lol
     
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  10. Victor_V

    Victor_V Road Train Member

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    CEO David Congdon added:

    Employee count increased 16.8%... yeah, still hiring!!
     
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  11. Victor_V

    Victor_V Road Train Member

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    ODFL top financial guy, J. Wes Frye says weight of shipments are up some, but that's a long-term positive, short term hill to cross.

    Frye expects a strong 2015, too.

    2014 was good, 2015 should be just as good...

     
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