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Shares of Old Dominion Have Outrun the Competition So Far in 2020. Here's Why.

TheMotleyFool

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Shares of Old Dominion Have Outrun the Competition So Far in 2020. Here's Why.

Old Dominion Freight Line (NASDAQ: ODFL) has long been viewed as a best-of-breed trucking operation. The stock lived up to that reputation in the first half of 2020, gaining 34%, according to data provided by S&P Global Market Intelligence, despite difficult conditions.

By comparison, the S&P 500 was down 4% during that period, and the Dow Jones Transportation Index was off 15%.