NEW YORK (TheStreet) -- The trucking industry is a minefield of companies going broke and rolling over. One example is Yellow Freight, now part of YRC Worldwide (YRCW - Get Report).

But one company that hasn't stopped trucking just yet is Old Dominion Freight Line (ODFL - Get Report) of Thomasville, N.C., which I wrote about back in September.

Data from Best Stocks Now App

Not only was ODFL one of my top stocks in 2013, it was recently awarded "Fleet of the Year."  But this recent award is not why I'm tooting ODFL's horn yet again. It's because the stock is hitting new highs again.

ODFL is a $4.6 billion mid-cap growth company. It started out in 1934 with only one truck making deliveries between Richmond and Norfolk, Va. Today ODFL has more than 30,000 tractors and trailers as well as nearly 13,000 employees all across the country.


Data from Best Stocks Now App

Over the past 10 years ODFL has delivered more than 30% to investors. Over the last five years it has delivered 40% while during that same timeframe the market has returned a measly 5%. That even takes into account the year 2008. How could a stock possibly make 40% returns even accounting for 2008?

Well, ODFL turned on its windshield wipers and drove a bit more cautiously and returned 23% to investors the same year the market was down 38.5%

Over the past three years ODFL has more than tripled the returns of the market delivering an incredible 60% while over the last 12 months ODFL has almost doubled.

ODFL gets a performance grade of A+. Truckin' indeed.


I know some investors are cautious about buying stocks that are hitting new highs. This is why we look to valuation.

Data from Best Stocks Now App

ODFL comes in with a PEG ratio of 1 and 89% upside potential still. It gets a valuation grade of B+.

Stock Chart

But performance plus valuation alone is not enough. Let's check that stock chart.

As you can see, ODFL keeps on delivering the goods to its shareholders.

Data from Best Stocks Now App

When I look at the 3,637 stocks in my Best Stocks Now App database, many of them much sexier than ODFL, I come up with a stock that's ranked #64 and it earns a proprietary Gunderson Stock Grade of A+.

It is also a stock in which I have a big position in Gunderson Capital Management.

This article represents the opinion of a contributor and not necessarily that of TheStreet or its editorial staff.