Borderlands Mexico: Nearshoring boom brings more production closer to US [Yahoo! Finance]
Old Dominion Freight Line, Inc. (ODFL)
Last old dominion freight line, inc. earnings: 4/23 07:00 am
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Source: Yahoo! Finance
This week: Nearshoring boom bringing more production closer to US; Mexican and US officials sign agreement to expand international bridge; Old Dominion Freight Line receives approval for new terminal near Phoenix; and construction begins for 785,000-square-foot logistics park in Houston. Nearshoring boom bringing more production closer to US Mexico registered a record $36 billion in foreign direct investment last year, a 2% year-over-year increase compared to 2022, according to data from the country's Economy Ministry Nearshoring — the relocation of production and manufacturing operations from one country to another to be closer to end consumers — has been fueling manufacturing growth across Mexico as shippers look for supply chains that are closer, cheaper and more favorable to doing business with the U.S. Mike Burkhart, C.H. Robinson's vice president of North America surface transportation, said he is already seeing the results of the nearshoring of supply chains to Mexico.
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News
- Old Dominion Freight Line First Quarter 2024 Earnings: In Line With Expectations [Yahoo! Finance]Yahoo! Finance
- Old Dominion Freight Line, Inc. (NASDAQ: ODFL) had its price target lowered by analysts at TD Cowen from $209.00 to $206.00. They now have a "hold" rating on the stock.MarketBeat
- Old Dominion Freight Line, Inc. (NASDAQ: ODFL) had its price target lowered by analysts at Barclays PLC from $210.00 to $205.00. They now have an "equal weight" rating on the stock.MarketBeat
- Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Old Dominion Freight Line, Inc. (NASDAQ: ODFL) had its price target lowered by analysts at JPMorgan Chase & Co. from $231.00 to $219.00. They now have a "neutral" rating on the stock.MarketBeat
ODFL
Earnings
- 4/24/24 - Beat
ODFL
Sec Filings
- 4/24/24 - Form 8-K
- 4/22/24 - Form PX14A6G
- 4/15/24 - Form ARS
- ODFL's page on the SEC website