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OK I want you guys to listen to this if it weren't for -- and Lillian.
Thirteen thousand people today might not have the jobs that they had -- and William Compton founded a trucking company back in 1934.
With a single track.
That ran between Richmond Virginia and Norfolk Virginia it is now today a publicly traded company with a 3.2.
Billion dollar market cap.
And -- thirty per cent growth in its first quarter.
Their grandson David -- is now Old Dominion freight -- CEO and president joining me you know Fox Business exclusive from Thomasville North Carolina I was like to point out David.
You didn't just get this and that she started as as a mechanic and a driver correct.
That's it that's right lose.
Are you today I am well I and I like that his bed early Lilian made made their kids work and and really and -- the business.
From the ground up but you guys are hitting a new high today.
And this stock we love to look at this company because you are -- great proxy for how the economy is doing because you're afraid you were in trucking but.
Let's get right to it what really major profits jumped 30% this quarter that's rather significant.
Honestly Liz -- it's it's a combination of a lot of things and a lot of hard work over the last fifteen years.
Or are growing.
Because of our value proposition to.
To provide a premium -- free service at a fair and equitable price and that is winning market share for for us an Old Dominion.
And -- combination that that market share gains and good deficiencies.
Has led to the profit that she's -- the first quarter.
I began by saying that your good proxy for the economy it must mean companies or shipping more things and using -- -- And Old Dominion in your drivers as says that sort of conduit with your products -- If Fulmer opened up some of your trucks today what Sam -- who shifting the most these states.
Well -- where less than truckload general commodities ship first you -- see everything from.
Equipment that goes into it to a restaurant.
Drums of chemicals.
Just any thing and everything that you know the clothes are back from the close on those are back to the food that we.
You'll see on our on our trucks.
The general economy -- -- is still growing very very slowly.
And the only reason for our -- bull market growth is the market share gains because of that value proposition.
Right the value proposition your pricing certainly what has surprised you the most what products that your shipping.
Really caught you by surprise.
Well actually there there's no products in particular that have called -- -- -- we're.
Doing business with over 70000.
And and and we're seeing.
Nice orders a nice -- shipments across entire spectrum.
And we're continuing to see growth -- with our entire customer base.
There's a Gallup poll I thought of you guys immediately -- what we saw this that two thirds of people polled Americans polled said that they would vote against a gasoline tax even if it meant.
That they have to drive.
On roads that look even worse than the ones we see now and they didn't want to pay for repairing rickety bridges and patching potholes and what's your perspective on that kind of sort of attitude about Americans would your drivers are using those roads to really create jobs and to transport all -- the product.
Just will not fly.
Our cut our country.
Was built on the fact that we have a -- superior.
-- -- system.
And it is it is stretched to -- -- now and we need.
In order to.
Repair our -- ways and our bridges and to create additional capacity.
You know those the trucking industry.
Of all of product.
About -- -- this country and like 90%.
In terms of about value and there's no way that we cannot have our highway system.
Well David I hope you're truckers to stay safe and -- that your stock continues to -- up 17% year every year David Compton Old Dominion freight line CEO and president we'll see you next time thank you.
Thank you very much fifteen.
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