Old Dominion Freight Line Signs Definitive Agreement to Purchase UW Freight Line; Gains Initial Operations in Two New States and Expands Full-State Coverage to Four Additional States

THOMASVILLE, N.C.--Jan. 1, 20067, 2006---Old Dominion Freight Line, Inc. today announced that it has signed a definitive agreement to purchase assets of UW Freight Line, a less-than truckload carrier headquartered in Salt Lake City, Utah. UW Freight, which produced revenues of approximately $23 million for its fiscal year ended June 30, 2005, operates 18 service centers and one inland port in five states and has one service center under construction. Old Dominion expects to complete the transaction, which includes the purchase of accounts receivables, all revenue equipment, office equipment, information systems, all service centers owned and under construction and the corporate office, by the end of January.

As a result of the purchase, Old Dominion plans to expand its network of 154 service centers with 16 of UW's service centers, including the service center under construction, and to consolidate the operations of the remaining three with the Company's existing service centers. The geographic coverage provided by these new service centers will give the Company its initial direct service in Idaho and Wyoming, increasing the numbers of states in which it operates to 46. It will also enable Old Dominion to launch full-state coverage in Colorado, Idaho, Nevada and Utah, bringing the number of states with full-state coverage to 37.

Earl E. Congdon, Chairman and Chief Executive Officer, remarked, "We are very pleased to begin 2006 with the purchase of a strong, high quality LTL operation like UW Freight. This transaction enhances our current service offering in the Western States Region of the US, as well as our inter-regional capabilities, and we intend to continue the outstanding intrastate and interstate service that UW Freight has provided its customers.

"This transaction is also representative of our continuing ability to expand our market share through accretive acquisitions, in addition to our primary organic growth strategies. With an extensive record of successfully completing and integrating similar acquisitions and with the financial resources to pursue appropriate transactions aggressively, we will continue to evaluate additional potential transactions."

Forward-looking statements in this news release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties that could cause actual events and results to be materially different from those expressed or implied herein, including, but not limited to, the following: (1) the Company's ability to complete and successfully integrate the asset purchase of UW Freight Line and produce the anticipated benefits from the transaction; (2) the competitive environment with respect to industry capacity and pricing; (3) the negative impact of any unionization of the Company's employees; (4) the challenges associated with executing the Company's growth strategy; (5) the Company's compliance with legislation requiring companies to evaluate their internal control over financial operations and reporting; (6) various economic factors such as economic recessions and downturns in customers' business cycles and shipping requirements; (7) the availability and cost of fuel; (8) difficulty in attracting or retaining qualified drivers; (9) the Company's exposure to claims related to cargo loss and damage, property damage, personal injury, workers' compensation, long-term disability and group health and the cost of insurance coverage above retention levels; (10) the Company's significant ongoing cash requirements; (11) the availability and cost of new equipment; (12) the costs of compliance with, or liability for, violation of existing or future governmental regulation; (13) seasonal trends in the industry, including the possibility of harsh weather conditions; (14) the Company's dependence on key employees; (15) changes in the Company's goals and strategies, which are subject to change at any time at the discretion of the Company; and (16) other risks and uncertainties indicated from time to time in the Company's filings with the Securities and Exchange Commission.

Old Dominion Freight Line, Inc. is a less-than-truckload multi-regional motor carrier providing one-to-five day service among five regions in the United States and next-day and second-day service within these regions. Through its four product groups, OD-Domestic, OD-Expedited, OD-Global and OD-Technology, the Company offers an array of innovative products and services that provide direct service to 44 states within the Southeast, South Central, Northeast, Midwest and West regions of the country, including 33 states within which it provides full-state coverage. In addition, through marketing and carrier relationships, Old Dominion provides service to and from the remaining states as well as international services around the globe.