Who Generates More Revenue? Fastenal Company or Old Dominion Freight Line, Inc.

Revenue Race: Fastenal vs. Old Dominion Freight Line

In the competitive landscape of American business, Fastenal Company and Old Dominion Freight Line, Inc. have been vying for revenue supremacy over the past decade. From 2014 to 2023, Fastenal consistently outpaced Old Dominion, with a notable 97% increase in revenue, peaking at approximately $7.35 billion in 2023. Meanwhile, Old Dominion saw a robust 110% growth, reaching around $6.26 billion in 2022, before a slight dip in 2023.

Fastenal's revenue growth trajectory has been steady, with a significant leap in 2022, marking a 16% increase from the previous year. Old Dominion, on the other hand, experienced its most substantial growth between 2020 and 2021, with a 31% surge. As we look to the future, the absence of Old Dominion's 2024 data leaves room for speculation on whether they can close the gap with Fastenal.