Skip to content
Search AI Powered
Human content, AI powered search.

Latest Stories

newsworthy

Old Dominion plans three-for-two stock split

Effective March 24, split will lower stock price, increase outstanding shares.

DC Velocity Staff
By DC Velocity StaffFeb 21, 2020
DC Velocity Staff
See Full Bio

Old Dominion Freight Line, Inc. said its Board of Directors approved a three-for-two stock split on Friday, lowering the share price and increasing the company's number of outstanding shares. The split is effective March 24 for shareholders registered as of March 10.

Old Dominion's share price opened at $225.72 on Friday, just below its 52-week high of $227.21. Its 52-week low is $130.87. The three-for-two split, in which stockholders receive one additional share of common stock for every two shares held, would reduce the share price to $150.48.

The split will increase Old Dominion's outstanding shares to about 119.5 million, the company said.

ArticleTruckingOther ServicesTransportationSC Services
old dominion freight line
ArticleTruckingOther ServicesTransportationSC Services
old dominion freight line

The Latest

office workers talk at computer
Article

Mid-market businesses stumble in rush to AI

chart of global supplier capacity
Article

Suppliers report spare capacity for fourth straight month

container ship at sea
Article

Hapag-Lloyd orders 24 new container ships

high-tech warehouse illustration
Material Handling

Robotics Roundtable: Automation drives forward

More Stories

ITS Logistics truck carrying Sherwin Williams products
ITS Logistics

Transportation challenges, solved

Sometimes, all you need is the right partner to solve your logistics problems.

In 2021, global paint supplier Sherwin Williams faced driver and hazardous material (hazmat) capacity constraints: There simply weren’t enough hazmat drivers available in its fleet to maintain the company’s 90% fleet utilization rate expectations for key partner store deliveries while also meeting growing demand for service. Those challenges threatened to become even more acute in the future, as a competing paint supply company began to scale back its operations in the Pacific Northwest, leaving Sherwin Williams with an opportunity to fill the gap.

Keep ReadingShow less

Featured

seegrid CEO and pallet AMRs
Internal Movement

Seegrid to end AMR sales through Raymond

port of vancouver
Article

West coast dockworker strike could dent Canadian economy

Stampin’ Up!’s Riverton, Utah, distribution center
Article

Picking reimagined

laptops and cables for hackers
Article

TSA rule would require cyber risk management for railroads

DHL graphic on online shopping marketplaces
Article

DHL report shows seven factors about American online shoppers

drone flying through warehouse

Robotic revolution

Robots are revolutionizing factories, warehouses, and distribution centers (DCs) around the world, thanks largely to heavy investments in the technology between 2019 and 2021. And although investment has slowed since then, the long-term outlook calls for steady growth over the next four years. According to data from research and consulting firm Interact Analysis, revenues from shipments of industrial robots are forecast to grow nearly 4% per year, on average, between 2024 and 2028 (see Exhibit 1).

market forecast for industrial robots - revenues graphEXHIBIT 1: Market forecast for industrial robots - revenuesInteract Analysis

Keep ReadingShow less
Freight Science dashboard screen
Freight Science

High-tech solution helps truckload carrier drive change

The trucking industry faces a range of challenges these days, particularly when it comes to load planning—a resource-intensive task that often results in suboptimal decisions, unnecessary empty miles, late deliveries, and inefficient asset utilization. What’s more, delays in decision-making due to a lack of real-time insights can hinder operational efficiency, making cost management a constant struggle.

Truckload carrier Paper Transport Inc. (PTI) experienced this firsthand when the company sought to expand its over the-road (OTR), intermodal, and brokerage offerings to include dedicated fleet services for high-volume shippers—adding a layer of complexity to the business. The additional personnel required for such a move would be extremely costly, leading PTI to investigate technology solutions that could help close the gap.

Keep ReadingShow less
indigo software screenshot WMS

Aptean adds British WMS vendor in latest acquisition

The Georgia-based enterprise software vendor Aptean today said it had acquired Indigo Software Ltd., a British provider of purpose-built warehouse management and logistics software solutions.

Terms of the deal were not disclosed, but Aptean said the move will add new capabilities to its warehouse management and supply chain management offerings for manufacturers, wholesalers, distributors, retailers, and 3PLs. Aptean currently provides enterprise resource planning (ERP), transportation management systems (TMS), and product lifecycle management (PLM) platforms.

Keep ReadingShow less
schneider app screenshot for owner operators

Schneider seeks more business with owner-operators

Transportation and logistics service provider Schneider National Inc. is reaching out to owner-operators, encouraging them to do more business with the Wisconsin company using an updated digital platform.

Schneider says its FreightPower platform now offers owner-operators significantly more access to Schneider’s range of freight options. That can help drivers to generate revenue and strengthen their business through: increased access to freight, high drop and hook rates of over 95% of loads, and a trip planning feature that calculates road miles.

Keep ReadingShow less
Copyright ©2024.