Gross Profit Analysis: Comparing Old Dominion Freight Line, Inc. and TFI International Inc.

Gross Profit Trends in the Freight Industry

In the competitive landscape of the freight industry, Old Dominion Freight Line, Inc. and TFI International Inc. have shown remarkable growth over the past decade. From 2014 to 2023, Old Dominion's gross profit surged by approximately 202%, peaking in 2022. Meanwhile, TFI International experienced a robust 242% increase, with its highest gross profit recorded in the same year. This growth reflects the companies' strategic expansions and operational efficiencies.

Key Insights

• Old Dominion Freight Line, Inc.: Demonstrated consistent growth, with a notable jump in 2021, reaching a gross profit of over 1.7 billion USD.
• TFI International Inc.: Achieved significant gains, particularly in 2021, with a gross profit exceeding 1 billion USD for the first time.

These trends highlight the resilience and adaptability of these industry leaders in navigating economic challenges and capitalizing on market opportunities.