Old Dominion Freight Line vs Convoy
Side-by-side comparison of AI visibility scores, market position, and capabilities
Thomasville NC #2 LTL freight carrier (NASDAQ: ODFL) at $5.8B 2024 revenue; 15th consecutive #1 Mastio Quality Award, 99% on-time, 74% operating ratio, 260+ service centers competing with FedEx Freight and XPO for premium LTL.
About
Old Dominion Freight Line, Inc. (ODFL) is a Thomasville, North Carolina-based less-than-truckload (LTL) freight carrier — publicly traded on NASDAQ (NASDAQ: ODFL) as an S&P 500 and NASDAQ-100 component — operating a single integrated, union-free LTL network of 260+ service centers across all 50 US states, Canada, and Puerto Rico with a fleet of 11,284 tractors, 31,451 linehaul trailers, and 15,263 pickup and delivery trailers through approximately 23,000 employees. In fiscal year 2024, Old Dominion reported revenues of approximately $5.8 billion while maintaining a 99% on-time delivery rate, 0.1% cargo claims ratio (99.7% claim-free), and an operating ratio of approximately 74% — demonstrating best-in-class LTL service quality metrics that justify premium pricing over competitors. Old Dominion was named the #1 National LTL Carrier for Quality by Mastio & Company for the 15th consecutive year in 2024, ranking in the top spot across 23 of 28 performance attributes. Founded in 1934 by Earl Congdon Sr. and Lillian Congdon with a single truck running freight between Richmond and Norfolk, Virginia (named for Virginia's historic "Old Dominion" nickname), the company grew from a regional southeastern carrier to the second-largest US LTL carrier by revenue following FedEx Freight through organic network expansion and disciplined service center investment rather than acquisition.
Convoy was the digital freight marketplace that reached $3.8B valuation before shutting down in October 2023; assets were acquired by Flexport as the US trucking industry's digital transformation continues.
About
Convoy was a Seattle-based digital freight network that operated an automated matching platform connecting shippers with trucking carriers, aiming to bring Uber-style efficiency to the highly fragmented US trucking industry. Founded in 2015 by Dan Lewis and Grant Goodale, Convoy raised over $900M from investors including Google, Jeff Bezos, and T. Rowe Price, reaching a peak valuation of $3.8 billion as it grew to handle hundreds of thousands of loads per month across a network of hundreds of thousands of trucks.
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