Thomasville-based Old Dominion Freight Line Inc. has launched a new third-party logistics division designed to help customers manage their supply chains.

The company’s “Vault Logistics" division unites several Old Dominion business units under one umbrella including warehousing, business solutions, dedicated truck services and truckload brokerage units.

Michael Venegoni, who has more than three decades of experience in the transportation and logistics industry, is the president of Vault Logistics, which is based in Thomasville.

“Vault Logistics is a significant investment in our future and expansion of our capabilities to help our customers thrive in the new economy,” said David Congdon, president and CEO of Old Dominion in a statement.