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OLD DOMINION FREIGHT LINE INC

For the period ended Dec 31, 2024. Filed Feb 25, 2025.

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About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Feb 25, 2025

ODFL$164.92-3.3%Stored close · as of Nov 6, 2026
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-K

For the fiscal year ended December 31,2024

OR

☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ____________ to ____________.

Commission File Number:0-19582

(Exact name of registrant as specified in its charter)

Virginia56-0751714
(State or other jurisdiction ofincorporation or organization)(I.R.S. EmployerIdentification No.)
500 Old Dominion WayThomasville, North Carolina27360
(Address of principal executive offices)(Zip Code)

(336)889-5000

(Registrant’s telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Stock ($0.10 par value)ODFLThe Nasdaq Stock Market LLC

Securities registered pursuant to Section 12(g) of the Act: None

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☒ No ☐

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes ☐No ☒

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer☒Accelerated filer☐Emerging growth company☐
Non-accelerated filer☐Smaller reporting company☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C.7262(b)) by the registered public accounting firm that prepared or issued its audit report.☒

If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements.☐

Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b). ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes☐ No ☒

The aggregate market value of voting stock held by non-affiliates of the registrant as of June 30, 2024 was $33,407,884,515, based on the closing sales price as reported on the Nasdaq Global Select Market.

As of February 21, 2025, the registrant had 212,545,079 outstanding shares of Common Stock ($0.10 par value).

DOCUMENTS INCORPORATED BY REFERENCE

Certain portions of the Company’s Proxy Statement for the 2025 Annual Meeting of Shareholders are incorporated by reference into Part III of this report.

INDEX

Forward-Looking Information1
Part I1
Item 1Business1
Item 1ARisk Factors6
Item 1BUnresolved Staff Comments18
Item 1CCybersecurity18
Item 2Properties19
Item 3Legal Proceedings19
Item 4Mine Safety Disclosures19
Part II20
Item 5Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities20
Item 6[Reserved]21
Item 7Management’s Discussion and Analysis of Financial Condition and Results of Operations22
Item 7AQuantitative and Qualitative Disclosures about Market Risk30
Item 8Financial Statements and Supplementary Data31
Item 9Changes in and Disagreements With Accountants on Accounting and Financial Disclosure49
Item 9AControls and Procedures49
Item 9BOther Information51
Item 9CDisclosure Regarding Foreign Jurisdictions that Prevent Inspections51
Part III51
Item 10Directors, Executive Officers and Corporate Governance51
Item 11Executive Compensation51
Item 12Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters51
Item 13Certain Relationships and Related Transactions, and Director Independence51
Item 14Principal Accounting Fees and Services51
Part IV52
Item 15Exhibits, Financial Statement Schedules52
Exhibit Index53
Signatures57

FORWARD-LOOKIN

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.