Weak Freight Market Reflected on Old Dominion Freight Line’s (ODFL) Performance in Q4

The London Company, an investment management company, released “The London Company Mid Cap Strategy” fourth quarter 2023 investor letter. A copy of the same can be downloaded here. Q4 saw a remarkable broadening of market strength, with small and mid-cap companies posting robust increases. In Q4, the fund gained 12.9% (12.8, net) vs a 12.8% gain for the Russell Midcap Index. Positive stock selection boosted the fund’s outperformance in the quarter, partly offset by headwinds from sector...