The destination creator: Trucking industry leader believes downtown High Point development project at crossroads

by: Neill McNeill

Posted: Jun 28, 2021 / 10:35 PM EDT

Updated: Jun 28, 2021 / 10:35 PM EDT

HIGH POINT, N.C. (WGHP) — If there’s any doubt David Congdon loves his hometown, look no further than an area off West English Road in High Point, just a few yards from the outfield of the city’s new downtown baseball stadium.

It’s a place in which he’s put both his heart and his pocketbook.

More than 80 years ago, it was a bustling Adams-Millis hosiery factory complex.

Today, it’s Congdon Yards. Congdon, through his family’s foundation, is pumping $40 million into it.

But, he says, it’s at a crossroads. More on that in a few paragraphs. First, a little more history.

I first profiled Congdon as a Newsmaker in 2008.

Back then, he was president and CEO of Old Dominion Freight Line, one of the world’s largest trucking and logistics companies now based in Thomasville.

Congdon’s grandparents founded the company in Virginia around the same time the High Point Adams-Millis factory was firing on all cylinders: 1934. Congdon’s father, Earl, moved Old Dominion to High Point in 1962. And this is where Congdon did most of his growing-up.

Today, Old Dominion has a new CEO, but Congdon remains as the company’s executive board chairman.

“We’re blessed,” he told me in a recent virtual interview from his home on the North Carolina coast. “We’ve had a very successful company. It’s all because of Old Dominion and the success of OD that we have the philanthropic dollars that we have today.”

And today, much of that money’s being spent on the development of Congdon Yards, which Congdon purchased in 2019 at a time when the city’s new baseball stadium was generating a lot more interest in High Point’s downtown — which normally bustled just twice a year during the fall and spring furniture markets.

“We felt like downtown High Point needed more than just a ballfield in order to create destination,” he said.

Today, Congdon Yards consists of two main buildings: “Plant 7” and “The Factory.”

The Factory is primarily an event/entertainment venue.

A large multi-room area on the top floor people can rent for events like weddings and parties is called “The Loft.” At least two restaurants are planned elsewhere in the building.

Plant 7 is what drew Congdon’s interest in the first place via his work with the local chamber of commerce.

“Some of the members of our chamber got involved in those organizations that were studying downtown transformations across the country, “ he said. “We wanted to crank something up and we thought about co-working spaces.”

Co-working is a concept in which workers of different companies share office space — allowing cost savings and convenience. And this is what most of Plant 7 is.

For instance, the consulting firm Change Often has office space in the building. And not too far away are the brand new offices of the High Point Community Foundation. And this isn’t all.

On the first floor, a place called “The Generator” makes industrial-grade woodworking machinery (it really looks like a modern furniture factory) accessible to furniture designers, makers and architects.

And “The Commons”— with all its furniture made by local companies — and its “Lil’s Coffee Bar” (named after Congdon’s grandfather) — is a community gathering space with free Wi-Fi that’s open to everyone.

Now to that “crossroads” part of the story.

“I would say we’re probably at least two to three years before we break ground on the event hall,” Congdon told me.

Yes, he wants to build an event hall/convention-like center in the parking lot (which he owns) next to The Factory. But can’t, he says, until High Point solves what he calls its “hotel problem.”

He describes it as a lack of upper-end hotel rooms in the city’s core.

The Red Lion (formerly The Radisson) Hotel currently closed and under renovation on Main Street isn’t enough.

“If we build an event hall and are hosting events at Congdon Yards, we really need something more like one block away or part of our property, not five blocks away.”

So, like the “take action” person he is, Congdon has purchased property across English Road from Congdon Yards at the site of the old Paul Robert Showroom. This is where he’d like to see a 120-140-room hotel. But he’s quick to point out he’s not a hotel developer.

But there is a team in place working on it. Congdon may eventually get a little more involved in that team’s work. He’s just not sure yet.

“We have some folks who are pulling the trigger now,” he said. “They are working with Marriott Hotels. (But) the brand selection is not finalized.”

So, in the meantime, Congdon will focus his attention on Congdon Yards, which the combined Business High Point/Chamber of Commerce manages, leases for $1 a year and is in the process of moving its headquarters into.

In other words, his love affair with his hometown continues.

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For more information on Congdon Yards, click here . 

For more information on Business High Point/Chamber of Commerce, click here . 

For more information on Old Dominion Freight Line, click here .

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Congdon to leave Old Dominion CEO post after decade of historic outperformance

David S. Congdon wasn't exactly dealt an ace-high hand when he became CEO in January 2008 of the less-than-truckload (LTL) carrier that his grandparents founded 74 years before.

The company, Old Dominion Freight Line Inc., was doing OK. But the macro environment was crumbling around it. A freight recession had been underway for two years. The financial pillars of the U.S. economy were starting to crack, leading to a full-blown financial crisis and the worst recession in 70 years. The LTL industry, already hammered by the downturn, would face indigenous turmoil during 2009 and 2010 as vicious rate wars broke out over grabs for market share and a concerted effort by other carriers to drive the ailing YRC Worldwide Inc., then the market leader by size, out of business.

Through the maelstrom, Congdon and Old Dominion stood firm. It would not jump into the rate-cutting ditch with others. It kept pricing relatively firm, and when the economy and freight demand improved, it would not raise rates before it saw what others had done, and then would bring up prices to levels below its rivals.

Most important, Congdon and Old Dominion tuned out the noise and focused on the daily blocking and tackling that wins and keeps shipper and third-party logistics provider (3PL) business: reliable, damage-free deliveries at rates that the marketplace deemed fair and reasonable. In the process, a virtuous cycle was created where shippers would seek to associate with the carrier perceived as providing the gold standard of service.

Yesterday, Thomasville, N.C.-based Old Dominion said that Congdon, 60, would step down as CEO May 16 to become executive chairman, a position currently held by his father, Earl, who will then become senior executive chairman. Greg C. Gantt, Old Dominion's president, will add the CEO's title at that time.

Congdon steps away from the CEO role with a track record of success that will be hard to match, especially over a relatively short span. In 2007, Old Dominion posted revenue of $1.4 billion, operating income of $129 million, and net income of $71.8 million. In 2017, the company reported $3.35 billion in revenue, operating income of $575 million and net income of $463 million, the latter a remarkable increase of well over sixfold in just a decade. Old Dominion's operating ratio—the ratio of operating expenses over revenues, a key metric of operating efficiency and profitability—fell more than 800 basis points, to 82.9 percent, during Congdon's tenure, a sterling record given the complexity of synchronizing a national LTL network with dozens of terminals, multiple hand-offs, and so many things that could go wrong.

The company's performance has been reflected in the soaring value of its equity. Old Dominion shares, which on Jan. 1, 2008, traded at $12.96 a share (adjusted for three stock splits), closed Friday at $147.59 a share, a gain in percentage terms normally associated with a high-flying high-tech company instead of a well-established trucker.

Bradley S. Jacobs, chairman and CEO of Greenwich, Conn.-based transport and logistics provider XPO Logistics Inc., which acquired LTL and logistics giant Con-way Inc. in 2015, said in an e-mail that Congdon "created the benchmark (that) we measure our LTL performance against." Jacobs called Congdon's performance as CEO "stupendous."

C. Thomas Barnes, who ran Con-way's multi-modal transport unit earlier in the decade and today is president of project44, a Chicago-based logistics IT concern, said Old Dominion's operations were in good shape when Congdon became CEO. What Congdon brought to the role was "more focused leadership," Barnes said. Today, Old Dominion's yield-management practices are considered second to none, and it is widely regarded as the best among trucking firms when it comes to understanding costs. In yesterday's statement, Earl Congdon praised his son's "relentless execution" as a key factor in elevating the company to its current stature.

The elevation of Gantt to the CEO role marks the second time in less than two years that a big trucking concern with generations of family leadership has gone outside the bloodline. In May 2016, Omaha-based truckload and logistics provider Werner Enterprises, Inc. tapped Derek J. Leathers as CEO , ending a 60-year history of a Werner family member holding the job.

Gantt, who joined Old Dominion in 1994 as a regional vice president, is considered by many a natural fit to fill Congdon's big shoes. Gantt is "the best operator in LTL," said Barnes.

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Old dominion names gantt president; cfo frye to retire; congdon steps down from president post after 18 years, jack congdon dies at 80; was son of old dominion's founders, old dominion posts may tonnage gains; congdon says u.s. economy "improving".

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Old Dominion Freight Line, Inc. – David S. Congdon

Congdon, David S.

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From the Front Lines to the Boardroom

From the Front Lines to the Boardroom

David Congdon was 14 when he joined the family business: less-than-truckload (LTL) carrier Old Dominion Freight Line. “I started working on the dock in the summer,” he says. “Making $1.65 an hour beat the heck out of a $3 weekly allowance.”

Next Step: Advanced Algorithms

At 16, Congdon started traveling to service centers in the Old Dominion network, working the docks in Durham, N.C., Richmond, Va., and Baltimore, and riding with pickup and delivery drivers. “I also started working as a truck mechanic on the weekends and the next couple of summers,” he says.

After earning a Bachelor’s degree in business management, Congdon headed to the North Carolina Truck Driver Training School in Raleigh. “I had been driving trucks around the yard since I was 14. But at the school I learned how to be a professional driver, and then I did local and over-the-road driving for about nine months,” he says.

Having gained all that front-line experience, Congdon rose through the Old Dominion ranks by working in many different areas—industrial engineering, employee relations, fleet maintenance, and furniture hauling, among others—before the company named him president and chief operating officer in 1997. In 2008, he succeeded his father as chief executive officer. Congdon recently shared some insights about his role and leadership philosophy.

IL : Tell us about an experience early in your career that helped shape who you are as a leader.

In the 1980s, I was studying Total Quality Management (TQM) and applying those principles during my tenure in equipment maintenance and the furniture division. TQM principles are a big part of who I am and how I lead. In 1992, at a weekend management retreat, the company’s president at the time declared that we needed to start a TQM process. My eyes lit up. On Monday morning, I was in his office and my dad’s, volunteering to spearhead that process for the company. I led that initiative until I became president in 1997.

As vice president of quality, I was also managing the cargo claims and claims prevention departments. I recognized that part of doing a quality job is to do things consistently from one terminal to the next. I created a team whose job was to ensure consistency of process across the company. This team-based problem solving and process improvement approach was different from the company’s style in the past.

IL : What’s your leadership style?

The most important element is communication: having an open-door policy, listening carefully to suggestions, trusting my team, and encouraging them to go ahead with good ideas.

Also, I always talk about WIIFM —What’s in it for me? You have to make sure your incentives are aligned with what you want to get done, so people can see what’s in it for them when they do things in a certain way.

IL : What qualities do you look for in your leadership team?

You have to surround yourself with people who embrace the company’s core values. Also, I look more toward soft skills than process skills. You can teach people how to do things, but if they don’t have good people skills, they cannot be successful in any business.

IL : Tell us a story that illustrates a principle that’s important to the way you lead.

In 1997, when I first became president and COO, we organized a long-range planning session for the entire leadership team. We wallpapered a whole room with all the ideas that became our vision for the company. At the time, Old Dominion was a regional carrier with just 75 service centers. We wanted to grow into a multi-regional, interregional, and national network. That meeting was a real turning point for the company, because of the way it got the team focused.

Over the years, I’ve come to the team with opportunities to acquire other companies. Each time, we weighed the pros and cons, and I listened to my team. If they thought it was not a good idea, and they articulated the reasons, often we’d drop the deal and move on to something else. It’s important to listen to everyone’s perspective. I can be swayed when I hear logical arguments for moving in a different direction.

IL : Which aspects of your job do you especially enjoy?

Interacting with people is always fun. I love to get out into the service centers when we do cookouts or open houses, and shake hands with the folks who are getting the job done on the front line. I also spend a lot of time talking with our shareholders. It’s fun being out there when you’re a leading company. We have the best operating margins in the industry, and our future for continued growth is strong. It feels great to share that story with our investment public.

IL : Who are some leaders you find most inspiring?

To my mind, the best leader is my father. He inspired me because of his focus on people and communications. Warren Buffet is also an inspiration—to be 86 years old and still have that clarity of thought. He has stuck to his core business principles and beliefs, and look where he is.

IL : When you’re not working, how do you spend your time?

I love boats and water sports, and I’ve been putting more time into fishing. I’m involved in a lot of activities and organizations in my hometown, High Point, N.C., including Business High Point and Forward High Point, a group focused on downtown. I’m also involved in various American Trucking Associations committees. On the philanthropic side, I work with our local United Way and with the Earl and Kathryn Congdon Family Foundation. One program my parents started through that foundation provides college scholarships to children of Old Dominion employees.

IL : What advice would you offer a young person starting out on a career in logistics?

Develop a good system for time management. Always surround yourself with people who are smarter than you are. And if you want to get ahead, always put out 110 percent. If you do more than is expected of you, your boss will notice, and you’ll get opportunities to grow and succeed.

Old Dominion Freight Line has implemented a lot of technology in the past 20 years. “We’re doing most of the important processes for moving LTL freight through a network,” Congdon says. “But there are still opportunities in optimizing line-haul operations.”

The company makes a daily plan for moving long-distance freight through the network. But on a given day, if greater-than-average volume is bound for a particular city, planners try to build a direct trailer. “Then it gets even more complicated as freight moves through the breakbulks, where trailers are coming in from all different directions,” Congdon says.

Supervisors and managers have tools that help them assess the situation and then figure out the best way to route each day’s line-haul freight. “They’ve got good heads, because they make it happen every day,” Congdon says. “But it could be optimized further.”

The solution probably lies in advanced algorithms, but “nobody has cracked that nut yet,” he says.

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From the fabric of our community comes a new legacy.

The dawn of a new downtown high point..

It began with a belief. The belief that downtown High Point was ready to become a different kind of place. A place that hums with energy and activity every single day of the year.

Fueled by this vision, Business High Point – Chamber of Commerce sparked the HP365 initiative to leverage our community’s global leadership and revitalize the local area.

At the heart of this effort would be a new cornerstone, built by and for the High Point community.

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Joining forces. Moving forward.

A coalition of city and community leaders including International Market Centers, business leader Bill Millis, High Point University, Blue Ridge Companies and interior design studio Barbour Spangle committed their time, talent and financial resources to this ambitious new vision. David Congdon and the Earl and Kathryn Congdon Family Foundation’s generous support anchors them all.

The Congdon family leads the charge.

As founders of Old Dominion Freight Line, which grew from a single truck running a 94-mile route from Richmond to Norfolk, Virgina into a multibillion-dollar global freight leader, the Congdon family understands the level of commitment it takes to turn an idea into action, and action into enduring vitality. With a philanthropic commitment exceeding $40 million dollars, the Earl and Kathryn Congdon Family Foundation drove our ambitious vision into action.

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A foundation for the future. Rooted in our city’s history.

Development plans honed in on Plant 7 and The Factory, which once housed the Adams-Millis Hosiery Mill, an industrial leader at the turn of the century. Through the vision and support of our community, we transformed these historic buildings into a dynamic new space that defines the future of downtown High Point.

FALL 2020 Office space is available for lease at Plant 7
DECEMBER 2020 First tenant moved in
JANUARY 2021 Plant 7 construction complete
SPRING 2021 Plant 7 grand opening including The Generator & Lil's Coffee Bar
MAY 2021 Factory Phase 1 construction begins
2022 Start of construction of Flagship hotel
3RD QUARTER OF 2022 Opening of Earls Landing in Factory Building
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1ST QUARTER OF 2023 Opening of Distillery/Pizza Pub in Factory Building
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Management Team

David s. congdon.

Executive Chairman of the Board

David S. Congdon was appointed Executive Chairman of the Board effective May 2018, having previously served as Vice Chairman of the Board and Chief Executive Officer from May 2015 to May 2018, and President and Chief Executive Officer from January 2008 to April 2015. He was our President and Chief Operating Officer from May 1997 to December 2007 and served in various positions in operations, maintenance and engineering between 1978 and 1997. He was first elected a director in 1998 and is the cousin of John R. Congdon, Jr., who also serves on the Board. Mr. Congdon, through his more than 40 years of service to us, including 26 years of service as an executive officer of Old Dominion, has played a critical role in helping us develop our strategic plan and grow our operations through geographic expansion and acquisitions. He has experience leading us through difficult operating conditions and has helped guide Old Dominion to sustained profitability and significant growth in shareholder value. The Board benefits from Mr. Congdon’s critical knowledge of the less-than-truckload (“LTL”) industry, his leadership in cultivating our unique OD Family Culture, and his deep understanding of the operational and regulatory complexities that we must address as a publicly-traded transportation company.

Kevin "Marty" Freeman

President and Chief Executive Officer

Kevin "Marty" Freeman was appointed President and Chief Executive Officer effective July 1, 2023, after serving as our Executive Vice President and Chief Operating Officer since May 2018. He also served as our Senior Vice President – Sales from January 2011 to May 2018 and Vice President of Field Sales from May 1997 to December 2010. Mr. Freeman has 43 years of experience in the transportation industry, and has held various positions in operations and sales with Old Dominion since joining us in February 1992.

Kevin M. Freeman was first elected as a director in 2024. Mr. Freeman was appointed President and Chief Executive Officer effective July 2023 after serving as our Executive Vice President and Chief Operating Officer since May 2018. He also served as our Senior Vice President – Sales from January 2011 to May 2018 and Vice President of Field Sales from May 1997 to December 2010. Mr. Freeman has 44 years of experience in the transportation industry and has held various positions in operations and sales with Old Dominion since joining us in February 1992. Mr. Freeman, through his ever-increasing roles and responsibilities with us over the past 32 years, has played a critical role in the development of our operational and sales plans and brings to the Board significant expertise in LTL industry leadership, customer relations and business strategy.

Gregory B. Plemmons

Executive Vice President and Chief Operating Officer

Gregory B. Plemmons was appointed Executive Vice President and Chief Operating Officer effective July 1, 2023, after serving as our Senior Vice President – Sales since January 2019. He also served as our Vice President – Field Sales from September 2013 to January 2019 and as our Vice President – OD Global from December 2002 to September 2013. Mr. Plemmons has 34 years of experience in the transportation industry, and has served Old Dominion in various other positions in operations and sales since joining us in April 1997.

Adam N. Satterfield

Executive Vice President – Finance, Chief Financial Officer and Assistant Secretary

Adam N. Satterfield was appointed Executive Vice President – Finance, Chief Financial Officer and Assistant Secretary effective July 1, 2023, after serving as our Senior Vice President - Finance, Chief Financial Officer and Assistant Secretary since January 2016. Mr. Satterfield also served as our Vice President - Treasurer from June 2011 to January 2016, as our Director - Finance and Accounting from August 2007 to June 2011 and as our Manager - SEC Reporting from October 2004 to August 2007. Prior to joining us in October 2004, he was an Audit Manager with KPMG LLP, a global accounting firm. Mr. Satterfield is a Certified Public Accountant.

Christopher T. Brooks

Senior Vice President - Human Resources & Safety

Christopher T. Brooks was appointed Senior Vice President - Human Resources & Safety effective January 1, 2018 after serving as our Vice President - Human Resources from June 2015 to December 2017. Prior to joining us, he served as Senior Vice President of Human Resources at National General Insurance (which was acquired by The Allstate Corporation in 2021) from January 2015 to June 2015 after serving as that company’s Vice President of Human Resources from January 2010 to December 2014.

Steven W. Hartsell

Senior Vice President – Sales

Steven W. Hartsell was appointed Senior Vice President – Sales effective July 1, 2023, after serving as our Vice President – Field Sales since January 2019. Mr. Hartsell also served as the Company’s Director – Expedited Sales & Service from May 2008 to January 2019 and as one of the Company’s Regional Sales Directors from March 2002 to May 2008. Mr. Hartsell previously served in various other positions in operations and sales since joining the Company in January 1998.

Christopher J. Kelley

Senior Vice President – Operations

Christopher J. Kelley was appointed Senior Vice President – Operations effective May 1, 2023, after serving as our Vice President – Central States Region since November 2011. He also served as one of our Regional Sales Directors from 2004-2011. Mr. Kelley has 31 years of experience in the transportation industry, and has served Old Dominion in various other positions in sales since joining us in July 2002.

Cecil E. Overbey, Jr.

Senior Vice President - Strategic Development

Cecil E. Overbey, Jr. was appointed Senior Vice President - Strategic Development in January 2011 after serving as our Vice President of National Accounts and Marketing since July 2000. Mr. Overbey has 37 years of experience in the transportation and distribution industries, and since joining us in June 1995 as a National Account Executive, has held various other management positions in sales and marketing with Old Dominion.

Ross H. Parr

Senior Vice President - Legal Affairs, General Counsel and Secretary

Ross H. Parr was appointed Senior Vice President - Legal Affairs, General Counsel and Secretary effective January 1, 2016, after serving as our Vice President - Legal Affairs, General Counsel and Secretary since May 2012. Mr. Parr joined us in August 2011 and served as our Vice President, Deputy General Counsel and Assistant Secretary until May 2012. From August 2003 to December 2007 Mr. Parr was an associate, and from January 2008 to August 2011 he was a member, at the law firm Womble Carlyle Sandridge & Rice (now known as Womble Bond Dickinson (US) LLP).

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David s. congdon, president and ceo of old dominion freight line inc. (odfl), interviews with the wall street transcript.

67 WALL STREET, New York - August 18, 2014 - The Wall Street Transcript has just published its Transportation & Logistics Report offering a timely review of the sector to serious investors and industry executives. This special feature contains expert industry commentary through in-depth interviews with public company CEOs and Equity Analysts. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online .

Topics covered: Regulatory Issues in the Trucking Industry - Trucking Pricing & Capacity Dynamics - Truckload, LTL, Parcel, Rail and Intermodal - Technology Adoption and Infrastructure Investments - Retail and Industrial Transportation Demand - Trucking Labor Shortage - Tight Truckload Capacity

Companies include: Old Dominion Freight Line (ODFL) and many more.

In the following excerpt from the Transportation & Logistics Report , the President and CEO of Old Dominion Freight Line Inc. (ODFL) discusses company strategy and the outlook for this vital industry:

TWST: Among your core services, which have contributed most to Old Dominion's recent strong performance? And overall, what do you attribute this strong performance to?

Mr. Congdon: We are first and foremost a less-than-truckload - LTL - company. We handle 97% LTL freight, which means we carry loads from as many as 20 different shippers in a single truck. The trucks travel to hubs throughout the country, where the shipments are offloaded to other trucks that deliver the shipments to their destinations. We are able to continually build upon our growing customer base by staying true to our founding principles of delivering a premium service . We also constantly invest in our employees, infrastructure, technology and real estate to sustain this growth.

TWST: Can you give us a closer look at how the LTL segment compares with full truckload?

Mr. Congdon: The LTL segment makes up about 5% of the overall freight industry. The LTL segment is estimated at approximately $35 billion in annual revenue . We operate very differently from the largest segment of the industry, the full truckload companies, which are comprised of fleets hauling one customer per trailer. Alternatively, LTL companies transport multiple customers per truckload to keep prices down .

TWST: How would you characterize Old Dominion's business model or anything unique about your corporate culture?

Mr. Congdon: Our corporate-culture focus, ever since we've been in business, is to serve our customers with the premium less-than-truckload service at a fair price. And we adopted a culture of helping the world keep promises about two or three years ago so that each and every shipment that moves is not just a shipment or freight, it is a promise that the manufacturer of the widget has made to his customer as well .

TWST: Has the company been faced with the driver shortage? And if so, how has the challenge of recruiting and retaining drivers been met?

For more of this interview and many others visit the Wall Street Transcript - a unique service for investors and industry researchers - providing fresh commentary and insight through verbatim interviews with CEOs, portfolio managers and research analysts. This special issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online .

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david congdon yacht

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David Congdon

  • David Congdon

Chairman at OLD DOMINION FREIGHT LINE, INC.

Net worth: 2 029 M $ as of 2024-05-30

Presently, David S. Congdon holds the position of Executive Chairman at Old Dominion Freight Line, Inc. Mr. Congdon is also on the board of High Point Chamber of Commerce and Business High Point Inc.

Known holdings in public companies

CompanyDateNumber of sharesValuationValuation date
OLD DOMINION FREIGHT LINE, INC. 2024-03-06 11,577,512 ( 5.33% ) 2 029 M $ 2024-05-30

David Congdon active positions

CompaniesPositionStart
OLD DOMINION FREIGHT LINE, INC. Chairman 2018-05-15
Business High Point Inc. Commercial Services

Business High Point Inc. operates as a chamber of commerce. It offers chamber calendar, signature events, networking programs, sponsorship, and community calendar. The company was founded in August 2015 and is headquartered in High Point, NC.

Director/Board Member -
High Point Chamber of Commerce Commercial Services

High Point Chamber of Commerce operates as a chamber of commerce. It specializes in business advocacy-small and large, networking, workforce development, education development and economic development. The company was founded in 1919 and is headquartered in High Point, NC.

Director/Board Member -

Former positions of David Congdon

CompaniesPositionEnd
American Transportation Research Institute, Inc. Commercial Services

American Transportation Research Institute engages in transportation studies and operational tests. The firm focuses on the trucking’s essential role in a safe, secure and efficient transportation system. The company was founded in 1954 and is headquartered in Arlington, VA.

Director/Board Member -

Experiences Positions held

Listed companies

Private companies

Connections

1st degree connections

1st degree companies

Members of the board

Linked companies

1
OLD DOMINION FREIGHT LINE, INC.

Transportation

3 Business High Point Inc. Commercial Services

Business High Point Inc. operates as a chamber of commerce. It offers chamber calendar, signature events, networking programs, sponsorship, and community calendar. The company was founded in August 2015 and is headquartered in High Point, NC.

American Transportation Research Institute, Inc. Commercial Services

American Transportation Research Institute engages in transportation studies and operational tests. The firm focuses on the trucking’s essential role in a safe, secure and efficient transportation system. The company was founded in 1954 and is headquartered in Arlington, VA.

High Point Chamber of Commerce Commercial Services

High Point Chamber of Commerce operates as a chamber of commerce. It specializes in business advocacy-small and large, networking, workforce development, education development and economic development. The company was founded in 1919 and is headquartered in High Point, NC.

Commercial Services

Commercial Services

Commercial Services

  • Stock Market
> > >
North Carolina Secretary Of State Business Registration · Updated 6/17/2024
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is a North Carolina Domestic Limited-Liability Company filed on September 18, 2013. The company's filing status is listed as Current-Active and its File Number is .

The Registered Agent on file for this company is Congdon, David S. and is located at 1030 Rockford Road, High Point, NC 27262. The company's principal address is 1030 Rockford Road, High Point, NC 27262 and its mailing address is 1030 Rockford Road, High Point, NC 27262.

The company has 1 contact on record. The contact is David S. Congdon from High Point NC.

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Company Information
Company Name:  
Entity Type:  NORTH CAROLINA DOMESTIC LIMITED-LIABILITY COMPANY
File Number:  
Filing State:  North Carolina (NC)
Filing Status:  Current-Active
Filing Date:  September 18, 2013
Company Age:  10 Years, 9 Months
Registered Agent:  
Congdon, David S.
High Point, NC 27262
Contact Information
Phone Number:  There is a phone number on file for this company, however, it's only available to our and subscribers.
Email Address:  There is an email address on file for this company, however, it's only available to our and subscribers.
Company Contacts
S. CONGDON
Managing Member
High Point, NC 27262
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david congdon yacht

David Congdon Biography and Net Worth

What is david s. congdon's net worth.

The estimated net worth of David S. Congdon is at least $265.76 million as of November 10th, 2023. Mr. Congdon owns 1,533,508 shares of Old Dominion Freight Line stock worth more than $265,756,936 as of June 20th. This net worth estimate does not reflect any other assets that Mr. Congdon may own. Additionally, Mr. Congdon receives a salary of $5,510,000.00 as Chairman at Old Dominion Freight Line. Learn More about David S. Congdon's net worth.

How old is David S. Congdon?

Mr. Congdon is currently 67 years old. There are 7 older executives and no younger executives at Old Dominion Freight Line. Learn More on David S. Congdon's age .

What is David S. Congdon's salary?

As the Chairman of Old Dominion Freight Line, Inc., Mr. Congdon earns $5,510,000.00 per year. The highest earning executive at Old Dominion Freight Line is Mr. Kevin M. Freeman, President & CEO, who commands a salary of $6,150,000.00 per year. Learn More on David S. Congdon's salary.

How do I contact David S. Congdon?

The corporate mailing address for Mr. Congdon and other Old Dominion Freight Line executives is 500 OLD DOMINION WAY, THOMASVILLE NC, 27360. Old Dominion Freight Line can also be reached via phone at (336) 889-5000 and via email at [email protected] . Learn More on David S. Congdon's contact information.

Has David S. Congdon been buying or selling shares of Old Dominion Freight Line?

David S. Congdon has not been actively trading shares of Old Dominion Freight Line during the past quarter. Most recently, David S. Congdon sold 48,200 shares of the business's stock in a transaction on Friday, November 10th. The shares were sold at an average price of $195.2950, for a transaction totalling $9,413,219.00. Following the completion of the sale, the chairman now directly owns 1,533,508 shares of the company's stock, valued at $299,486,444.86. Learn More on David S. Congdon's trading history.

Who are Old Dominion Freight Line's active insiders?

Old Dominion Freight Line's insider roster includes David Bates (SVP), David Congdon (Chairman), Bradley Gabosch (Director), Steven Hartsell (SVP), John Kasarda (Director), Thomas Stith, III (Director), and Leo Suggs (Director). Learn More on Old Dominion Freight Line's active insiders.

Are insiders buying or selling shares of Old Dominion Freight Line?

Information on this page was last updated on 2/27/2024.

David S. Congdon Insider Trading History at Old Dominion Freight Line

Transaction DateBuy/SellNumber of SharesAverage Share PriceTotal TransactionShares Held After TransactionDetails
11/10/2023Sell48,200$195.30$9,413,219.001,533,508   
11/8/2023Sell24,000$195.08$4,681,800.001,602,008   
11/11/2022Sell64,000$156.98$10,046,400.001,717,722   
8/2/2022Sell12,492$150.07$1,874,674.441,619,138   
11/18/2021Sell34,000$176.83$6,012,220.00   
8/20/2019Sell60,300$82.76$4,990,126.5026,770   
8/15/2017Sell1,150$48.92$56,252.2519,032   
11/21/2016Sell4,800$43.28$207,744.0010,668   
11/16/2016Sell80,000$42.64$3,410,800.0010,668   
11/1/2016Sell1,630$37.34$60,856.0510,668   
8/16/2016Sell3,320$34.89$115,818.2010,668   
5/10/2016Sell4,400$32.71$143,902.00   
2/23/2015Sell4,520$38.68$174,811.00   
11/18/2014Sell7,000$38.58$270,060.00   

David S. Congdon Buying and Selling Activity at Old Dominion Freight Line

This chart shows David S Congdon's buying and selling at Old Dominion Freight Line by year and by quarter.

Old Dominion Freight Line Company Overview

Old Dominion Freight Line logo

Today's Range

50 day range, 2 week range, average volume, market capitalization, dividend yield.

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COMMENTS

  1. The destination creator: Trucking industry leader believes downtown

    HIGH POINT, N.C. (WGHP) — If there's any doubt David Congdon loves his hometown, look no further than an area off West English Road in High Point, just a few yards from the outfield of the ci…

  2. Congdon to leave Old Dominion CEO post after decade of historic

    David S. Congdon wasn't exactly dealt an ace-high hand when he became CEO in January 2008 of the less-than-truckload (LTL) ... Congdon steps away from the CEO role with a track record of success that will be hard to match, especially over a relatively short span. In 2007, Old Dominion posted revenue of $1.4 billion, operating income of $129 ...

  3. Rooted in Richmond: How Virginia's capital spawned 3 LTL giants

    Estes Express Lines is one of three trucking companies whose Richmond, Virginia, roots and aggressive expansions laid the groundwork for becoming giants in today's lucrative LTL sector. Permission granted by Estes Express Line. When J. Harwood Cochrane, husband and wife Lillian and Earl Congdon Sr., and W.W. Estes each founded family trucking ...

  4. Board of Directors :: Old Dominion Freight Line, Inc. (ODFL)

    John R. Congdon, Jr. Director. John R. Congdon, Jr. was first elected as a director in 1998. He is the cousin of David S. Congdon, the Company's Executive Chairman of the Board. Prior to their acquisition by Penske Truck Leasing in July 2017, Mr. Congdon served as the Chairman of the Board of Directors and Chief Executive Officer for each of ...

  5. Third Generation Drives Old Dominion

    David Congdon returned recently to UNCW, his alma mater, and provided a tutorial on the trucking industry, including the entrepreneurial journey of Old Dominion Freight Line. University of North Carolina Wilmington business students filled the Burney Center Sept. 14 and heard Congdon describe his company's rise from a one-truck operation in 1934 to a $3 billion company with 8,500 trucks with ...

  6. Old Dominion Freight Line, Inc.

    David S. Congdon is the Vice Chairman of the board and CEO of Old Dominion Freight Line, Inc., a transportation and logistics corporation founded by his grandparents. Mr. Congdon led the company ...

  7. From the Front Lines to the Boardroom

    David Congdon, CEO, Old Dominion Freight Line. David Congdon was 14 when he joined the family business: less-than-truckload (LTL) carrier Old Dominion Freight Line. "I started working on the dock in the summer," he says. "Making $1.65 an hour beat the heck out of a $3 weekly allowance." ...

  8. David Congdon

    Liked by David Congdon. Experience Old Dominion Freight Line Thomasville, North Carolina, United States -Education UNC Wilmington 1974 - 1978. View David's full profile ...

  9. Our Story

    David Congdon and the Earl and Kathryn Congdon Family Foundation's generous support anchors them all. The Congdon family leads the charge. As founders of Old Dominion Freight Line, which grew from a single truck running a 94-mile route from Richmond to Norfolk, Virgina into a multibillion-dollar global freight leader, the Congdon family ...

  10. PDF Line's

    David S. Congdon is the Executive Chairman of Old Dominion Freight Line Inc., the nation's third largest and arguably most successful LTL transportation company, founded by his grandparents. Mr. Congdon led the company as its president from May of 1997 until May of 2015, and was its CEO from 2008 until May 2018. ...

  11. david congdon yacht

    David Congdon is more than the President of The Earl and Kathryn Congdon Family Foundation.... David S. Congdon is the Executive Chairman of Old Dominion Freight Line Inc., the nation's third largest and arguably most successful LTL transportation company, founded by his grandparents. Mr. Congdon led the company as its president from May of ...

  12. Management Team :: Old Dominion Freight Line, Inc. (ODFL)

    David S. Congdon was appointed Executive Chairman of the Board effective May 2018, having previously served as Vice Chairman of the Board and Chief Executive Officer from May 2015 to May 2018, and President and Chief Executive Officer from January 2008 to April 2015. He was our President and Chief Operating Officer from May 1997 to December ...

  13. Old Dominion Freight Line Announces Leadership Transition

    Greg Gantt is succeeding David Congdon as CEO of Old Dominion Freight Line as of May 16 as part of the less-than-truckload company's designed succession plan. David Congdon, who has served as ...

  14. David S. Congdon, President and CEO of Old Dominion Freight Line Inc

    David S. Congdon, President and CEO of Old Dominion Freight Line Inc. (ODFL), Interviews with The Wall Street Transcript Wall Street Transcript Mon, Aug 18, 2014, 12:48 PM

  15. Biography of David Congdon

    Career. David Congdon joined Old Dominion Freight Line in 2008. David served as Chief Operating Officer and President for Old Dominion Freight Line. David Congdon is currently Executive Chairman of the Board at Old Dominion Freight Line - View - Old Dominion Freight Line org chart. Create your alert.

  16. Triad Power Player: David Congdon, Old Dominion Freight Line, Congdon

    David Congdon is helping revitalize downtown High Point through a $40-million-plus investment in Congdon Yards, the two 100,000-square-foot buildings next to Truist Point baseball stadium, one of ...

  17. Old Dominion Freight Line

    Old Dominion Freight Line, Inc. traces its origins to 1934 when husband and wife Earl Congdon Sr. and Lillian Congdon (née Herbert) founded the company with a single straight truck running between Richmond and Norfolk, Virginia. [7] [8] The name is a reference to a common nickname for the Commonwealth of Virginia, the "Old Dominion." [9]

  18. David S Congdon, Old Dominion Freight Line Inc: Profile and Biography

    David S Congdon is Chairman at Old Dominion Freight Line Inc. See David S Congdon's compensation, career history, education, & memberships.

  19. David Congdon: Positions, Relations and Network

    The firm focuses on the trucking's essential role in a safe, secure and efficient transportation system. The company was founded in 1954 and is headquartered in Arlington, VA. Chairman at Old Dominion Freight Line, Inc., Discover David Congdon's known position history, network and 89 relationships. Find out about his known public assets.

  20. 18 REELER, LLC in High Point, NC

    18 REELER, LLC. 18 REELER, LLC is a North Carolina Domestic Limited-Liability Company filed on September 18, 2013. The company's filing status is listed as Current-Active and its File Number is 1338523. The Registered Agent on file for this company is Congdon, David S. and is located at 1030 Rockford Road, High Point, NC 27262.

  21. Earl Congdon Net Worth (2024)

    The estimated Net Worth of Earl E Congdon is at least $130 Million dollars as of 31 October 2019. Mr. Congdon owns over 23,500 units of Old Dominion Freight Line stock worth over $107,632,325 and over the last 20 years he sold ODFL stock worth over $18,129,540. In addition, he makes $4,334,670 as Senior Executive Chairman of the Board at Old ...

  22. David Congdon Net Worth, Biography, and Insider Trading

    Congdon owns 1,533,508 shares of Old Dominion Freight Line stock worth more than $276,307,471 as of May 6th. This net worth estimate does not reflect any other assets that Mr. Congdon may own. Additionally, Mr. Congdon receives a salary of $5,510,000.00 as Chairman at Old Dominion Freight Line. Learn More about David S. Congdon's net worth.

  23. Roles of Earl and David Congdon to be reduced at Old Dominion Freight

    Also on the effective date, David Congdon's base salary and PIP factor will each be reduced by 15% from their 2020 levels. His 2020 base salary is $751,900. The target/grant date values of any ...