Old Dominion Freight Line Shares Remain Quiet Amidst Persistent Selling Pressure

Old Dominion Freight Line (ODFL) shares have edged up less than 1% recently, despite a year-to-date return of -20% and a 1-year total shareholder return of -38%. The valuation debate is back in focus, with a fair value estimate of $157.38, a premium to its last close of $139.90. However, persistent freight market softness and rising overhead costs could challenge profitability if economic conditions do not improve soon.