Old Dominion Freight Line Inc. is expanding its service offerings with the introduction of Vault Logistics, a neutral third-party provider of supply chain solutions.
Vault Logistics unites several existing business units within Old Dominion into an independent operating division that includes warehousing, business solutions, dedicated services (fleet and warehouse) and truckload brokerage units. Michael Venegoni, a 33-year veteran of the transportation and logistics industry, is Vault Logistics’ president.
While operating independently, the new division is built upon and backed by Old Dominion’s transportation and logistics capabilities.
The new division, based in Thomasville, N.C., will serve customers nationwide. Employees of Vault Logistics bring an average of 18 years’ experience in supply chain management and services.