Old Dominion Freight Line, Inc.
Leadership History
5 leaders · 2016 to present
Kevin M. "Marty" Freeman is the CEO of Old Dominion, in the role since 2023. The first chief executive was Greg Gantt, from 2018.
| Name | Role | From | To | Years in role |
|---|---|---|---|---|
| Kevin M. "Marty" Freeman | President and Chief Executive Officer | 2023 | Present | 3 |
| Gregory B. Plemmons | Executive Vice President and Chief Operating Officer | 2023 | Present | 3 |
| David S. Congdon | Executive Chairman | 2018 | Present | 8 |
| Greg Gantt | President and Chief Executive Officer | 2018 | 2023 | 5 |
| Adam N. Satterfield | Executive Vice President and Chief Financial Officer | 2016 | Present | 10 |
Old Dominion Freight Line moves partial-trailer shipments, typically a few pallets of industrial or retail goods, for business customers across the United States, with cross-border service to Canada and Mexico through partners. It has grown from a single Virginia truck route in 1934 into one of the largest U.S. LTL carriers by revenue, with 20,591 employees at the end of 2025. The company is headquartered in Thomasville, North Carolina. Old Dominion Freight Line was founded in 1934 in Richmond, Virginia, by Earl Congdon Sr. and Lillian Congdon with a single truck, growing over nine decades under the Congdon family into North America's premier less-than-truckload (LTL) motor carrier headquartered in Thomasville, North Carolina.
President and Chief Executive Officer
2023 – Present
3 years (current)
Held yield discipline through the 2024-2025 freight downturn and kept investing in capacity, then raised 2026 capex to about $380 million as demand improved.
Joined Old Dominion in 1992 and worked in customer relations, sales and operations; served as Executive Vice President and COO from 2018 before becoming CEO in July 2023.
Executive Vice President and Chief Operating Officer
2023 – Present
3 years (current)
Plemmons aggressively manages the massive sales organization, strictly training the sales force to sell on absolute premium service reliability rather than discounting freight rates.
As COO, he ensures the incredibly complex terminal network operates with absolute military precision, maintaining the industry's lowest claims ratio for damaged freight.
Executive Chairman
2018 – Present
8 years (current)
Congdon led the absolutely critical, multi-decade expansion from a regional Southeast carrier into a massive national LTL behemoth, successfully navigating the brutal deregulation of the trucking industry in the 1980s.
As the grandson of the founders, he served as CEO during the company's absolute most explosive growth phase, cementing its reputation as the premier LTL carrier in North America.
President and Chief Executive Officer
2018 – 2023
5 years
Gantt executed the highly successful strategy of completely refusing to handle massive, unprofitable freight from Amazon, ensuring the network remained perfectly optimized for high-margin industrial shippers.
Serving as CEO from 2018 to 2023, he guided the company through the severe supply chain shocks of the pandemic, maintaining absolutely unparalleled operational margins.
Executive Vice President and Chief Financial Officer
2016 – Present
10 years (current)
Satterfield successfully manages the incredibly strict, highly disciplined pricing model that prevents Old Dominion from engaging in the catastrophic price wars that regularly destroy its competitors' margins.
As CFO, he oversees the massive capital expenditure required to continuously expand the company's vital network of service centers, ensuring the company never runs out of capacity.
Old Dominion's main risks are weak industrial freight demand (tons per day were still down 4.1% in Q2 2026), pricing competition from carriers that bought Yellow terminals, labor and equipment cost inflation, and fuel price swings.
Kevin M. "Marty" Freeman has been President and CEO since July 1, 2023. He joined Old Dominion in 1992 and was EVP and COO from 2018.
David S. Congdon (2008-2018), Greg C. Gantt (2018-2023) and Marty Freeman (2023-present).
Gantt led Old Dominion during the 2021-2022 freight boom, when revenue reached a record $6.26 billion and net income $1.38 billion in 2022.
CFO Adam N. Satterfield, COO Gregory B. Plemmons and Executive Chairman David S. Congdon.
Marty Freeman was appointed President and CEO of Old Dominion in July 2023. Freeman is a 30-year veteran of the company who started in operations and served as Chief Operating Officer from 2018 to 2023, ensuring seamless cultural and operational continuity.
During Greg Gantt's five-year tenure as CEO, Old Dominion expanded annual revenues by over 50%, drove the Operating Ratio to historic industry lows near 70%, navigated the COVID-19 supply chain shocks, and established the company's market valuation near $40 billion.
Old Dominion maintains a strict promote-from-within philosophy. Virtually all senior executives—including CEO Marty Freeman, CFO Adam Satterfield, and VP of Operations—began their careers in dock operations, terminal management, or local dispatch, ensuring deep operational mastery.
Executive bonuses and long-term incentives are tied directly to growth in operating profit, operating ratio improvements, and Return on Invested Capital (ROIC), heavily disincentivizing unprofitable volume growth or reckless debt-funded acquisitions.
Compare executive leadership tenures and strategic transitions
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