Exhibit 99.1

FOR IMMEDIATE RELEASE           Contact:  J. Wes Frye
                                          Treasurer and Chief Financial Officer
                                          (336) 822-5305


        OLD DOMINION FREIGHT LINE REPORTS $7.4 MILLION IN ADDITIONAL NET
           PROCEEDS FROM STOCK OFFERING, AS UNDERWRITERS EXERCISE THE
                    OVER-ALLOTMENT OPTION FOR 355,000 SHARES
                            _______________________

      Adjusts Earnings Guidance for the Effect of the Over-Allotment Shares

THOMASVILLE, N.C. (November 25, 2002) - Old Dominion Freight Line, Inc. (Nasdaq:
ODFL) today announced the sale of 355,000 shares of common stock through the
exercise of the underwriters' over-allotment option granted in connection with
the Company's common stock offering of 3,045,000 shares on November 12, 2002.
The additional shares were sold by the Company for $22.00 per share, the same
offering price as the shares sold on November 12th. Net proceeds to the Company
from the exercise of the over-allotment option were approximately $7.4 million,
which the Company intends to use in combination with the net proceeds of
approximately $40.5 million from the November 12th offering to retire certain
debt; purchase additional service centers, tractors and trailers; and fund its
growth strategy.

     Credit Suisse First Boston Corporation served as lead manager of the
underwriting, and BB&T Capital Markets and Legg Mason Wood Walker, Incorporated
served as co-managers.

     Due to the dilutive effect of the increased shares outstanding resulting
from the offering, including the exercise of the over-allotment, Old Dominion
has recalculated its previously issued diluted earnings per share guidance. The
Company now estimates that its diluted earnings per share for 2002 will be
between $1.98 and $2.08, compared with the previously announced range of $2.05
to $2.15. Old Dominion estimates fourth quarter diluted earnings per share will
be between $.43 and $.51, compared with the previously reported range of $.49 to
$.59. These projections are based upon the Company's performance through the
first nine months of 2002, as well as its assessment of current and near-term
business conditions. Based on the Company's expectations that current business
conditions extend into 2003, the Company now estimates that 2003 earnings per
diluted share, recalculated to reflect the increase in shares, will be between
$2.46 and $2.54, compared with the previously announced range of $2.56 to $2.64.

     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

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ODFL Reports Exercise of Over-Allotment Option
Page 2
November 25, 2002


and results to be materially different from those expressed or implied herein,
including, but not limited to, the following: (1) the competitive environment
with respect to industry capacity and pricing; (2) unionization of the Company's
employees; (3) various economic factors such as economic recessions and
downturns in customers' business cycles and shipping requirements; (4) the
availability and cost of fuel; (5) difficulty in attracting or retaining
qualified drivers; (6) the Company's exposure to claims related to cargo loss
and damage, property damage, personal injury and workers' compensation and the
costs of insurance; (7) the Company's significant ongoing cash requirements; (8)
the availability and cost of new equipment; (9) the costs of compliance with, or
liability for violation of, existing or future government regulation; (10)
seasonal trends in the industry, including the possibility of harsh weather
conditions; (11) the Company's dependence on key employees; (12) changes in the
Company's goals and strategies, which are subject to change at any time at the
discretion of the Company; and (13) 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 four day service among five regions in the United
States and next-day and second-day service within these regions. The Company
provides direct service to 38 states within the Southeast, South Central,
Northeast, Midwest and West regions of the country including 24 states within
which it provides full-state coverage. In addition, through marketing and
carrier relationships, Old Dominion provides service to and from the remaining
12 states, as well as Canada, Mexico and Puerto Rico.

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