Gross Profit Analysis: Comparing Old Dominion Freight Line, Inc. and Expeditors International of Washington, Inc.

A Decade of Growth: Old Dominion vs. Expeditors International

In the competitive world of freight and logistics, Old Dominion Freight Line, Inc. and Expeditors International of Washington, Inc. have been key players. Over the past decade, both companies have shown remarkable growth in gross profit, reflecting their strategic prowess and market adaptability. From 2014 to 2023, Old Dominion's gross profit surged by approximately 201%, peaking in 2022. Meanwhile, Expeditors International experienced a 184% increase, with its highest gross profit also recorded in 2022. Notably, Old Dominion outpaced Expeditors in 2023, with a gross profit of $2.07 billion compared to Expeditors' $1.25 billion. This shift highlights Old Dominion's resilience and strategic positioning in the logistics sector. As the industry continues to evolve, these companies' financial trajectories offer valuable insights into market dynamics and future opportunities.