Old Dominion Freight Plummets 2.42% as Sector Struggles with Weak Demand and Volatility $290M Volume Ranks 376th in U.S. Equities

On October 9, 2025, Old Dominion Freight (ODFL) closed down 2.42% with a trading volume of $290 million, ranking 376th among U.S. equities by dollar value. The decline came amid mixed signals from logistics sector fundamentals and broader market volatility. Analysts noted muted demand for regional freight services, though no major earnings or operational updates were disclosed for the company on this day.

Market participants observed that ODFL's underperformance aligned with broader weakness in transportation stocks, driven by softening retail inventories and cautious consumer spending. The stock's liquidity profile remained stable despite the drop, with the volume representing a typical intraday level for the name. No corporate actions or regulatory developments specific to Old Dominion were reported in the latest news cycle.

To implement this back-test rigorously, key parameters require clarification: exchange scope for universe construction, rebalancing timing (close-to-close or open-to-close), weighting methodology (equal-weight or otherwise), and transaction cost assumptions. Performance metrics of interest include time-series equity curves with standard indicators like CAGR, volatility, Sharpe ratio, and maximum drawdown. The back-test period will span from January 1, 2022, to October 9, 2025.