Old Dominion Freight Line Raises Expectations for First-Quarter Tonnage Growth to Range of 4.5% to 5.0%

  Old Dominion Freight Line Raises Expectations for First-Quarter Tonnage
  Growth to Range of 4.5% to 5.0%

Affirms Expectations for First-Quarter Increase in Revenue per Hundredweight,
              Excluding Fuel Surcharge, in Range of 2.5% to 3.0%

Business Wire

THOMASVILLE, N.C. -- March 22, 2013

Old Dominion Freight Line, Inc. (NASDAQ: ODFL) today updated its expectations
for growth in first-quarter 2013 total tons and revenue per hundredweight,
excluding fuel surcharge, in preparation for its attendance at the Morgan
Stanley Chicago Freight Transport & Airlines Summit on Tuesday, March 26,
2013. The Company has raised its expectations for growth in total tons for the
first quarter to a range of 4.5% to 5.0%, compared with the first quarter of
2012, from its previous range of 4.0% to 4.5%. In addition, Old Dominion has
affirmed its previously discussed expectations for an increase in
first-quarter 2013 revenue per hundredweight, excluding fuel surcharge, in a
range of 2.5% to 3.0% compared with the first quarter of 2012. Based on the
expected increase in total tons and pricing, Old Dominion also expects
improvement in its operating ratio for the first quarter of 2013 compared with
the first quarter last year.

Forward-looking statements in this news release are made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act of 1995.
Investors are cautioned that such forward-looking statements involve risks and
uncertainties that could cause actual events and results to be materially
different from those expressed or implied herein, including, but not limited
to, the following: (1) the competitive environment with respect to industry
capacity and pricing, including the use of fuel surcharges, such that our
total overall pricing is sufficient to cover our operating expenses; (2) our
ability to collect fuel surcharges and the effectiveness of those fuel
surcharges in mitigating the impact of fluctuating prices for fuel and other
petroleum-based products; (3) the negative impact of any unionization, or the
passage of legislation or regulations that could facilitate unionization, of
our employees; (4) the challenges associated with executing our growth
strategy, including the inability to successfully consummate and integrate
acquisitions, if any; (5) changes in our goals and strategies, which are
subject to change at any time at our discretion; (6) various economic factors
such as economic recessions and downturns in customers' business cycles and
shipping requirements; (7) increases in driver compensation or difficulties
attracting and retaining qualified drivers to meet freight demand; (8) our
exposure to claims related to cargo loss and damage, property damage, personal
injury, workers' compensation, long-term disability and group health,
including increased premiums, adverse loss development, increased self-insured
retention levels, and claims in excess of coverage levels; (9) potential cost
increases associated with recent healthcare legislation; (10) the availability
and cost of capital for our significant ongoing cash requirements; (11) the
availability and cost of replacement parts and new equipment, particularly in
light of regulatory changes and supply constraints impacting the cost of these
assets; (12) decreases in demand for, and the value of, used equipment; (13)
the availability and cost of diesel fuel; (14) the costs and potential
liabilities related to compliance with, or violations of, existing or future
governmental laws and regulations, including environmental laws, engine
emissions standards, hours-of-service for our drivers, driver fitness
requirements and new safety standards for drivers and equipment; (15)
litigation and governmental proceedings; (16) the costs and potential adverse
impact of non-compliance with rules issued by the Federal Motor Carrier Safety
Administration; (17)seasonal trends in the industry, including the
possibility of harsh weather conditions; (18) our dependence on key employees;
(19) the concentration of our stock ownership with the Congdon family; (20)
the costs and potential adverse impact associated with potential future
changes in accounting standards or practices; (21) the impact caused by
potential disruptions to our information technology systems or our service
center network; (22) damage to our reputation from the misuse of social media
outlets; (23) dilution to existing shareholders caused by any issuance of
additional equity; and (24) other risks and uncertainties indicated from time
to time in our filings with the Securities and Exchange Commission. Our
forward-looking statements are based upon our beliefs and assumptions using
information available at the time the statements are made. We caution the
reader not to place undue reliance on our forward-looking statements (i)as
these statements are neither a prediction nor a guarantee of future events or
circumstances and (ii)the assumptions, beliefs, expectations and projections
about future events may differ materially from actual results. We undertake no
obligation to publicly update any forward-looking statement to reflect
developments occurring after the statement is made, except as otherwise
required by law.

Old Dominion Freight Line, Inc. is a leading, less-than-truckload (“LTL”),
union-free motor carrier providing regional, inter-regional and national LTL
service and value-added logistics services. In addition to its core LTL
services, the Company offers its customers a broad range of value-added
services including ground and air expedited transportation, container
delivery, truckload brokerage, supply chain consulting, warehousing and
consumer household pickup and delivery services. The Company also offers
worldwide freight forwarding services.

Contact:

Old Dominion Freight Line, Inc.
J. Wes Frye, 336-822-5305
Senior Vice President, Finance and
Chief Financial Officer
 
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