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Understanding Old Dominion's Competitive Moat
This chapter explores the concept of a business's 'moat' as a key competitive advantage, using Old Dominion as a case study to illustrate successful strategies in the transportation industry. It highlights the company's effective capital allocation, leadership continuity, and unique operational efficiencies that contribute to its market strength. The chapter also addresses the challenges and risks posed by an evolving industry landscape, alongside the evaluation of executive compensation structures in relation to company performance.