Gross Profit Analysis: Comparing FedEx Corporation and Old Dominion Freight Line, Inc.

Gross Profit Trends: FedEx vs. Old Dominion Freight Line

In the competitive landscape of logistics and freight, understanding the financial health of industry giants like FedEx Corporation and Old Dominion Freight Line, Inc. is crucial. Over the past decade, FedEx has consistently outperformed Old Dominion in terms of gross profit, with FedEx's figures peaking at approximately $20 billion in 2022, a remarkable 115% increase from 2014. In contrast, Old Dominion's gross profit grew by 228% over the same period, reaching around $2.3 billion in 2022. This growth trajectory highlights Old Dominion's aggressive expansion strategy, despite its smaller scale compared to FedEx.

Interestingly, 2023 saw a slight dip in FedEx's gross profit, dropping by about 6% from the previous year, while Old Dominion's data for 2024 remains unavailable. These trends underscore the dynamic nature of the logistics industry, where market conditions and strategic decisions can significantly impact financial outcomes.