A North Carolina-based trucking company with a long history in the Tri-Cities has opened a new and larger shipping facility north of Pasco.

Old Dominion Freight Line Inc. recently announced it had moved into its new 65-door facility in the Port of Pasco’s PIC395 industrial park. The building has a value of more than $7 million, according to property records.

The 32,000-square foot facility is located at 5220 Industrial Way.

“This new state-of-the-art facility adds capacity to our LTL network to support our customers’ future growth,” the company said in a statement, adding that the facility is “strategically located to improve service times and to continue being your trusted LTL carrier in Southeast Washington.”

Old Dominion specializes in transporting partial truck loads, or “less-than-load” in industry parlance. It also offers container drayage, truckload brokerage and supply chain consulting services as its clients are generally tied to industrial production.

The shipping company bought the property from the port in 2023 for $2.55 million, with the intention of replacing the smaller facility it operated in the Pasco Processing Center since 2011. The new location puts it near Darigold’s new processing facility that began operating in mid-July.

The freight and shipping industry has generally fared well in recent years with the rise of e-commerce, according to StockStory. However, volatile factors such as consumer spending and fuel costs can influence margins, and Old Dominion hasn’t been immune.

The company reported fourth quarter revenues of $1.31 billion, down 5.7% year over year. That was in line with analyst expectations and represented a still strong quarter.

“Although our revenue and earnings per diluted share both decreased in the fourth quarter, our team continued to focus on executing the fundamental elements of our long-term strategic plan,” said Marty Freeman, Old Dominion’s president and CEO, in a statement.  

“The cornerstone of our plan remains our commitment to providing our customers with superior service at a fair price. As a result of the dedication of our OD Family of employees, we were pleased to once again provide our customers with 99% on-time service and a cargo claims ratio of 0.1%.”