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Higher LTL revenues are likely to have aided Old Dominion (ODFL) in the third quarter.
Unlike last year, when investors were monitoring the extent of the COVID-19 pandemic and the benefits of a vaccine, this quarter is all about big picture macroeconomic factors. Inflation, interest rates, supply chain challenges, and labor shortages headline this quarter's list of important themes. Although these topics have their relevance over the short term, they shouldn't detract from a company's long-term growth trajectory.