ODFL · 10-Q · 2026Q2 · Full report

Manufacturing and Capacity

OLD DOMINION FREIGHT LINE, INC. · 2026-08-05 · Importance 58 · Surprise 42

ODFL’s growth strategy emphasizes increasing density within its existing service-center network to improve asset utilization and labor productivity. The company expects 2026 capital expenditures to remain below its historical 10% to 15% of revenue range because it is utilizing available capacity in the existing network. Planned 2026 spending of approximately $380 million includes $180 million for service-center purchases, new construction and expansions, $155 million for tractors and trailers, and $45 million for technology and other assets. The company expects the network and fleet investments to support long-term market share growth and anticipated tonnage and shipment growth.