Old Dominion Freight Line Inc.'s board has approved the repurchase of up to $200 million shares of its outstanding stock over the next 24 months.
The buyback program may be suspended or discontinued at any time.
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Old Dominion Freight, a trucking company, is based in Thomasville, North Carolina.
Its shares finished at $75.12 per share last week. They are up almost 58 percent over the past year.