Old Dominion Sets $200 Million Stock Buyback

Mike

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Old Dominion Freight Line said Nov. 10 its board approved a stock repurchase program authorizing the company to repurchase up to $200 million of its outstanding common stock in the next 24 months.

“Our management team and [board] believe that Old Dominion is well-positioned to achieve further profitable growth while also generating significant cash flow from operations,” said CEO David Congdon.

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