Basic business equates to success in this recession.
Old Dominion Freight Lines' revenue have increased at an impressive 15% rate over the last nine years while others are struggling or failing. Standard & Poors rates their stock as a "strong buy".
How did they do it?
David Congdon, CEO and President of Old Dominion says contributing factors are sticking to price discipline without losing customers and not allowing a single customer account to attribute more than 5% of revenues.
Excellent service, diversity and cost efficient operations. Basic business 101. It works.
