THOMASVILLE, NC–(BUSINESS WIRE)–Old Dominion Freight Line, Inc. (Nasdaq: ODFL) today announced the release of its 2021 Environmental, Social and Governance (ESG) Data Supplement. The 2021 ESG Data Supplement uses the Sustainability Accounting Standard of road transport from the Sustainability Accounting Standards Board (SASB). The ESG Data Supplement is available in the Corporate Responsibility section of the Company’s Investors website at ir.odfl.com.
The forward-looking statements contained in this press release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. We caution the reader that such forward-looking statements involve risks and uncertainties that could result in events and actual results. different from those expressed or implied herein, including, but not limited to, the following: (1) challenges associated with executing our growth strategy and developing, marketing and the consistent delivery of high quality services that meet customer expectations; (2) various risks related to public health outbreaks, pandemics and similar epidemics, including the continued impact of the COVID-19 pandemic; (3) changes in our relationships with major customers; (4) our exposure to claims relating to loss and damage of cargo, property damage, personal injury, workers’ compensation and health care, increased self-insured retention or deductible levels or premiums for excess coverage, and claims exceeding insured coverage levels; (5) the availability and cost of new equipment, including regulatory changes and supply constraints that could impact the cost of these assets; (6) the availability and cost of third party transportation used to complete our labor and equipment needs; (7) the availability and price of diesel fuel and our ability to collect fuel surcharges and the effectiveness of such fuel surcharges in mitigating the impact of fluctuations in the prices of diesel fuel and other petroleum-based products; (8) seasonal trends in the LTL industry, including severe weather and disasters; (9) the availability and cost of capital for our continued large cash requirements; (10) decrease in demand and value for used equipment; (11) our ability to complete and integrate acquisitions; (12) potential costs and liabilities related to our international business relationships; (13) the costs and potential adverse impact of compliance with anti-terrorism measures on our business; (14) the competitive environment in our industry, including pricing pressures; (15) various economic factors such as recessions, economic downturns, global uncertainty and instability, changes in international trade policies, changes in social, political and regulatory conditions in the United States or disruption in financial markets, which may reduce demand for our services or increase our costs; (16) the negative impact of any unionization, or the adoption of laws or regulations that may facilitate unionization, of our employees; (17) increases in the cost of employee compensation and benefits used to address general labor market challenges and to attract or retain qualified employees, including drivers and service technicians; (18) our ability to retain our key employees and continue to effectively execute our succession plan; (19) potential costs and liabilities associated with cyber incidents and other risks related to our IT systems or those of our third-party service providers, including system failures, security breaches, disruptions caused by malware or ransomware or other damage; (20) the inability to adapt to new technologies implemented by our competitors in the LTL and transportation industry, which could adversely affect our ability to compete; (21) failure to keep pace with technological developments, any disruptions to our technology infrastructure, or failures of essential services upon which our technology platforms rely, which could cause us to incur costs or cause a loss of business; (22) the Federal Motor Carrier Safety Administration’s (“FMCSA”) Compliance, Safety, Accountability initiative could negatively impact our ability to hire qualified drivers, meet our growth projections and maintain our relationships with our clients ; (23) the costs and potential adverse impact of complying with or violating current and future rules issued by the Department of Transportation, FMCSA, and other regulatory agencies; (24) potential costs and liabilities related to compliance with or violation of existing or future governmental laws and regulations, including environmental laws; (25) the effects of legal, regulatory or market responses to climate change concerns; (26) increased costs associated with health care legislation and other mandatory benefits; (27) costs and potential liabilities related to legal proceedings and claims, government inquiries, notices and investigations; (28) the impact of changes in tax laws, rates, guidelines and interpretations; (29) the concentration of our shareholding with the Congdon family; (30) the ability or inability to declare future cash dividends; (31) fluctuations in the amount and frequency of our share buybacks; (32) volatility in the market value of our common stock; (33) the impact of certain provisions of our articles of incorporation, bylaws, and Virginia law that could discourage, delay, or prevent a change in our control or a change in our management; and (34) other risks and uncertainties described in our most recent Annual Report on Form 10-K and other filings with the SEC. Our forward-looking statements are based on our beliefs and assumptions using information available at the time the statements are made. We caution readers not to place undue reliance on our forward-looking statements because (i) such statements do not constitute a prediction or guarantee of future events or circumstances and (ii) assumptions, beliefs, expectations and projections regarding future events future results may differ materially from actual results. We undertake no obligation to publicly update any forward-looking statement to reflect developments after the statement is made, except as otherwise required by law.
Old Dominion Freight Line, Inc. is one of North America’s largest LTL (“LTL”) trucking carriers and provides regional, inter-regional and national LTL services through a single, integrated, non-union organization. Our service offerings, which include expedited shipping, are provided through an extensive network of service centers located throughout the continental United States. The Company also maintains strategic alliances with other carriers to provide LTL services throughout North America. In addition to its core LTL services, the Company offers a range of value-added services, including container drayage, truckload brokerage and supply chain consulting.