Is the Trucking sector outperforming S&P 500?
Trucking has outperformed S&P 500 by 33% over 52 weeks and 6.7% over 13 weeks. 13 of 14 covered companies beat the S&P 500 on Mansfield relative strength, while 5 of 14 beat the sector itself.
20-quarter listed-company comparison
Trucking Stocks
Trucking: XPO, Inc. owns the largest revenue base; RXO, Inc. has the fastest current growth.
The industry itself · before any single company
How has Trucking moved against S&P 500?
The line below covers 5.2 years. Over the most recent two of them this industry is 19% behind S&P 500. Earnings across its companies fell 25% on average over the last four reported quarters. It has been ahead of S&P 500 on a rolling three-month view for 12 weeks running.
FADING · −2 in 4w⚠Price down, no fundamental support8 of 14 companies ahead of S&P 500 by 5% or more over three months
RS ↑12w · 13/14 >200d (+0) · 8/14 lead (−2) · EPS 1/14↑
Trucking, equal-weighted, based at 200
S&P 500, same base, same start
trailing 12-month earnings per share rising
falling
Strength anatomy
Broad but lateHow much of the industry is participating, how recently, and whether the movers score well.
Together8 of 14 stocks moving
Fresh1 crossed in the last 4 weeks
Backed by scoresmovers score +3 vs the industry average
Down the cap ladder — bar is now, tick is four weeks ago
Large
1/30
Mid
4/50
Small
3/6−2
Participation is not spreading downward this month; the larger companies are still carrying most of it.
Both lines start at 200 in the same week, so the distance between them is the whole story: the industry line is an equal-weighted index of its 14 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member rebased to 100 at the start and the industry taking the median — so a price line pulling away from flat bars is a re-rating, not earnings. A bar turns red when that figure is lower than the quarter before. Rules are fixed and applied identically everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover any point to read both values and the gap. This is a description of what the numbers did, not advice.
Sector relative strength · before individual stocks
Is Trucking outperforming S&P 500?
Trucking has outperformed S&P 500 by 33% over the last 52 weeks. Over 13 weeks the gap is a lead of 6.7%. 13 of 14 covered companies currently beat the S&P 500 on Mansfield relative strength, so leadership inside the sector is selective. ArcBest Corporation is the strongest against the sector itself at +20%.
+6.7%Sector vs S&P 500 · 13 weeks
+33.0%Sector vs S&P 500 · 52 weeks
13/14Stocks leading S&P 500
5/14Stocks leading sector
Sector metric: — as of latest available · unclassified · direction unavailable.
The central tension: the companies with the most scale are not necessarily the companies creating the most change.
Start with scale. Then earnings trajectory. Then business quality. Only after those three agree should price leadership carry much weight.
Bottom line
Trucking has outperformed S&P 500 by 33% over 52 weeks and 6.7% over 13 weeks. 13 of 14 covered companies beat the S&P 500 on Mansfield relative strength, while 5 of 14 beat the sector itself. XPO, Inc. leads with revenue of $8,298 million, based on 11 of 14 comparable companies through Mar 2026.
Which Trucking company is largest by revenue?
XPO, Inc. leads with revenue of $8,298 million, based on 11 of 14 comparable companies through Mar 2026.
Which Trucking company is growing fastest?
RXO, Inc. has the fastest current revenue growth at 13.1%, across 11 of 14 comparable companies.
Which Trucking company has the strongest 4-Factor Sector Score?
ArcBest Corporation ranks first at 55.5/100 with 82% evidence confidence. The score prioritizes research; it is not a buy recommendation.
Which Trucking company reports the most CAPEX?
Knight-Swift Transportation Holdings Inc. reports the largest latest CAPEX at $130 million, with 14 of 14 companies comparable.
Which Trucking company has the least gross debt?
Marten Transport, Ltd. has the lowest comparable gross debt at $0 million. XPO, Inc. has the highest at $4,031 million.
Which Trucking company has the lowest comparable PEG?
Covenant Logistics Group, Inc. has the lowest comparable Guarded PEG at 0.25, among 6 of 14 companies that pass the metric’s comparability rules.
How much history does this Trucking comparison include?
The page compares up to 20 reported quarters per company for fundamentals, CAPEX, debt and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated.
How is the 4-Factor Sector Score calculated?
The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.
Companies
14
complete canonical membership
Combined market value
$125.2B
Old Dominion Freight Line, Inc.
Revenue growing
6/11
positive TTM year-on-year growth
Beating S&P 500
13/14
positive Mansfield relative strength
Global company selection
00 · research priority, made explicit
4-Factor Sector Score
An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.
Growth & earnings · 35%Capital efficiency · 25%Valuation · 20%Relative strength · 20%
ArcBest Corporation has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 82% evidence confidence.
ArcBest Corporation looks inexpensive relative to peers or its own history, but its earnings trajectory has not yet earned the valuation signal.
ArcBest Corporation has stronger price confirmation than earnings confirmation; that is a research prompt, not permission to chase.
Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is guarded: positive earnings, positive 5–60% three-year EPS growth, and a positive P/E are required.
1. ArcBest Corporation · ARCB
55.5/100 · Mixed-positive evidence · 82% evidence
Exact sum: 12.8 + 10 + 15 + 17.7 = 55.5
Decision use: Price leads the evidence: RS versus the benchmark is 41.7%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
12.8/35Growth & earnings
Revenue -1.6% · PAT -68.7% · OPM change -0.4 pp
83% evidence
10.0/25Capital efficiency
ROCE 0.2% · debt/equity 0.36×
80% evidence
15.0/20Valuation
P/E 40.5× · PEG 0.42
65% evidence
17.7/20Relative strength
RS sector 20% · RS bench 41.7% · 1Y 113.2%
100% evidence
2. Covenant Logistics Group, Inc. · CVLG
55.5/100 · Mixed-positive evidence · 76% evidence
Exact sum: 13.8 + 11.4 + 14 + 16.3 = 55.5
Decision use: Price leads the evidence: RS versus the benchmark is 41.1%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
13.8/35Growth & earnings
Revenue 7.2% · PAT -95.9% · OPM change -0.8 pp
83% evidence
11.4/25Capital efficiency
ROCE 0.8% · debt/equity 0.72×
80% evidence
14.0/20Valuation
P/E 181× · PEG 0.25
65% evidence
16.3/20Relative strength
RS sector 19.2% · RS bench 41.1% · 1Y 86.5%
70% evidence
3. Schneider National, Inc. · SNDR
53.0/100 · Mixed-positive evidence · 82% evidence
Exact sum: 17 + 14.1 + 6 + 15.9 = 53
Decision use: Price leads the evidence: RS versus the benchmark is 20.5%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
17.0/35Growth & earnings
Revenue 5.5% · PAT -22.4% · OPM change -0.6 pp
83% evidence
14.1/25Capital efficiency
ROCE 0.8% · debt/equity 0.13×
80% evidence
6.0/20Valuation
P/E 47.1× · PEG 4.49
65% evidence
15.9/20Relative strength
RS sector 0.1% · RS bench 20.5% · 1Y 50.2%
100% evidence
4. RXO, Inc. · RXO
50.6/100 · Mixed-positive evidence · 65% evidence
Exact sum: 20.7 + 5.8 + 8.5 + 15.6 = 50.6
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
20.7/35Growth & earnings
Revenue 13.1% · PAT — · OPM change 0.1 pp
62% evidence
5.8/25Capital efficiency
ROCE -1.2% · debt/equity 0.46×
80% evidence
8.5/20Valuation
P/E 775.3× · PEG —
15% evidence
15.6/20Relative strength
RS sector 0.6% · RS bench 20.1% · 1Y 50.9%
100% evidence
5. PAMT CORP · PAMT
50.3/100 · Thin evidence · provisional · 56% evidence
Exact sum: 19.7 + 5 + 10 + 15.6 = 50.3
Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
19.7/35Growth & earnings
Revenue -15.1% · PAT — · OPM change 5.7 pp
62% evidence
5.0/25Capital efficiency
ROCE 0% · debt/equity 1.53×
80% evidence
10.0/20Valuation
P/E — · PEG —
0% evidence
15.6/20Relative strength
RS sector 14% · RS bench 38.8% · 1Y 47.7%
70% evidence
6. Old Dominion Freight Line, Inc. · ODFL
50.2/100 · Mixed-positive evidence · 82% evidence
Exact sum: 13.8 + 18.9 + 5.5 + 12 = 50.2
Decision use: Strong business, demanding price: keep it on the quality list, but require either earnings upgrades or valuation compression.
13.8/35Growth & earnings
Revenue -4.8% · PAT -12.4% · OPM change -0.8 pp
83% evidence
18.9/25Capital efficiency
ROCE 6.3% · debt/equity 0.01×
80% evidence
5.5/20Valuation
P/E 40.9× · PEG 4.68
65% evidence
12.0/20Relative strength
RS sector -2.3% · RS bench 17.3% · 1Y 59.5%
100% evidence
7. XPO, Inc. · XPO
49.2/100 · Mixed-negative evidence · 82% evidence
Exact sum: 20.5 + 11.3 + 12.8 + 4.6 = 49.2
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
20.5/35Growth & earnings
Revenue 3.6% · PAT -10.5% · OPM change 0.6 pp
83% evidence
11.3/25Capital efficiency
ROCE 2.7% · debt/equity 2.18×
80% evidence
12.8/20Valuation
P/E 66.6× · PEG 0.84
65% evidence
4.6/20Relative strength
RS sector -6.6% · RS bench 12.1% · 1Y 72.3%
100% evidence
8. Heartland Express, Inc. · HTLD
45.2/100 · Thin evidence · provisional · 59% evidence
Exact sum: 18.3 + 7.6 + 9.5 + 9.8 = 45.2
Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
18.3/35Growth & earnings
Revenue -23.6% · PAT — · OPM change 4.9 pp
62% evidence
7.6/25Capital efficiency
ROCE -0.3% · debt/equity 0.2×
80% evidence
9.5/20Valuation
P/E 75.1× · PEG —
15% evidence
9.8/20Relative strength
RS sector -2.3% · RS bench 16.5% · 1Y 77.6%
70% evidence
9. TFI International Inc. · TFII
45.0/100 · Mixed-negative evidence · 72% evidence
Exact sum: 11.6 + 12.4 + 11.3 + 9.7 = 45
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
11.6/35Growth & earnings
Revenue -7.3% · PAT -22.8% · OPM change -0.8 pp
83% evidence
12.4/25Capital efficiency
ROCE 1.6% · debt/equity 1.2×
80% evidence
11.3/20Valuation
P/E 30.3× · PEG —
15% evidence
9.7/20Relative strength
RS sector -0.6% · RS bench 19.2% · 1Y 71.3%
100% evidence
10. Marten Transport, Ltd. · MRTN
44.8/100 · Thin evidence · provisional · 53% evidence
Exact sum: 14.8 + 14.5 + 9.3 + 6.2 = 44.8
Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
14.8/35Growth & earnings
Revenue — · PAT — · OPM change -1.8 pp
45% evidence
14.5/25Capital efficiency
ROCE 0.8% · debt/equity 0×
80% evidence
9.3/20Valuation
P/E 102.1× · PEG —
15% evidence
6.2/20Relative strength
RS sector -10% · RS bench 8.1% · 1Y 28.9%
70% evidence
11. Knight-Swift Transportation Holdings Inc. · KNX
44.7/100 · Thin evidence · provisional · 59% evidence
Exact sum: 15.6 + 12.1 + 8.7 + 8.3 = 44.7
Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
15.6/35Growth & earnings
Revenue — · PAT — · OPM change -2.2 pp
45% evidence
12.1/25Capital efficiency
ROCE 1% · debt/equity 0.38×
80% evidence
8.7/20Valuation
P/E 299.5× · PEG —
15% evidence
8.3/20Relative strength
RS sector -3.5% · RS bench 15.6% · 1Y 69.9%
100% evidence
12. Werner Enterprises, Inc. · WERN
43.3/100 · Mixed-negative evidence · 65% evidence
Exact sum: 19.6 + 7.8 + 10 + 5.9 = 43.3
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
19.6/35Growth & earnings
Revenue 3.3% · PAT -188.9% · OPM change 1.3 pp
62% evidence
7.8/25Capital efficiency
ROCE 0.1% · debt/equity 0.75×
80% evidence
10.0/20Valuation
P/E 64.2× · PEG —
15% evidence
5.9/20Relative strength
RS sector -8.9% · RS bench 9.7% · 1Y 42.7%
100% evidence
13. Saia, Inc. · SAIA
41.8/100 · Mixed-negative evidence · 82% evidence
Exact sum: 14.1 + 16.7 + 8.1 + 2.9 = 41.8
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
14.1/35Growth & earnings
Revenue 0.3% · PAT -20.8% · OPM change -0.6 pp
83% evidence
16.7/25Capital efficiency
ROCE 2.1% · debt/equity 0.1×
80% evidence
8.1/20Valuation
P/E 36.9× · PEG 2.77
65% evidence
2.9/20Relative strength
RS sector -12.1% · RS bench 5.9% · 1Y 39.9%
100% evidence
14. Universal Logistics Holdings, Inc. · ULH
33.9/100 · Thin evidence · provisional · 53% evidence
Exact sum: 11.7 + 7.7 + 11.5 + 3 = 33.9
Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
11.7/35Growth & earnings
Revenue — · PAT — · OPM change -3.8 pp
45% evidence
7.7/25Capital efficiency
ROCE 0.3% · debt/equity 1.73×
80% evidence
11.5/20Valuation
P/E 11× · PEG —
15% evidence
3.0/20Relative strength
RS sector -38.5% · RS bench -23.8% · 1Y -34.2%
70% evidence
01 · compare level, then change
Revenue Scale & Growth Durability
XPO, Inc. has the highest Revenue among the 14 Trucking companies compared here, at $8,298 million. TFI International Inc. is next at $7,870 million. RXO, Inc. has the highest Revenue growth at 13.1%, so level and change sit with different companies. 11 of 14 companies report a comparable reading, the latest through Mar 2026.
What the numbers say: XPO, Inc. is the scale leader at $8,298 million, 5.4% ahead of TFI International Inc.. RXO, Inc.'s growth is 13.1% from a $5,734 million base, with 19 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.
LeaderXPO, Inc. · $8,298 million
Gap5.4% versus #2 · TFI International Inc.
Persistence6/8 recent comparable periods
Coverage11/14 companies · 264 observations
Investor read: XPO, Inc. is the scale benchmark; RXO, Inc. is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.
This conclusion weakens if: XPO, Inc.'s growth falls below RXO, Inc.'s for two consecutive comparable reports while operating margin also compresses.
Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.
Revenuelargest
1XPO, Inc. XPO$8.3B
2TFI International Inc. TFII$7.9B
3RXO, Inc. RXO$5.7B
4Schneider National, Inc. SNDR$5.7B
5Old Dominion Freight Line, Inc. ODFL$5.5B
Revenue growthfastest growers
1RXO, Inc. RXO13%
2Covenant Logistics Group, Inc. CVLG7.2%
3Schneider National, Inc. SNDR5.6%
4XPO, Inc. XPO3.6%
5Werner Enterprises, Inc. WERN3.3%
Revenue · company comparison
11/14 level · 11/14 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | Revenue | Revenue growth | Reported |
|---|---|---|---|
| XPO, Inc. XPO | $2.1B | 7.3% | Mar 2026 |
| TFI International Inc. TFII | $1.9B | -0.8% | Mar 2026 |
| Knight-Swift Transportation Holdings Inc. KNX | $1.9B | 1.4% | Jun 2026 |
| RXO, Inc. RXO | $1.4B | -0.6% | Mar 2026 |
| Schneider National, Inc. SNDR | $1.4B | -0.2% | Mar 2026 |
| Old Dominion Freight Line, Inc. ODFL | $1.3B | -2.9% | Mar 2026 |
| ArcBest Corporation ARCB | $999M | 3.3% | Mar 2026 |
| Werner Enterprises, Inc. WERN | $809M | 14% | Mar 2026 |
| Saia, Inc. SAIA | $806M | 2.3% | Mar 2026 |
| Universal Logistics Holdings, Inc. ULH | $368M | -6.6% | Jun 2026 |
| Covenant Logistics Group, Inc. CVLG | $307M | 14% | Mar 2026 |
| Marten Transport, Ltd. MRTN | $204M | -8.5% | Jun 2026 |
| Heartland Express, Inc. HTLD | $176M | -20% | Mar 2026 |
| PAMT CORP PAMT | $142M | -8.4% | Mar 2026 |
Full 20-quarter history · every available company
Revenue · reported quarter history
Showing the 12 largest of 14 companies with a series here. The remaining 2 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
ArcBest Corporation · ARCB
$1.0B
$1.2B
$1.3B
$1.3B
$1.3B
$1.2B
$1.1B
$1.1B
$1.1B
$1.1B
$1.0B
$1.1B
$1.1B
$1.0B
$967M
$1.0B
$1.0B
$973M
$999M
—
Covenant Logistics Group, Inc. · CVLG
$275M
$294M
$292M
$317M
$312M
$296M
$267M
$274M
$289M
$274M
$279M
$287M
$288M
$277M
$269M
$303M
$297M
$295M
$307M
—
Heartland Express, Inc. · HTLD
$153M
$148M
$151M
$188M
$274M
$355M
$331M
$306M
$295M
$275M
$270M
$275M
$260M
$243M
$219M
$210M
$197M
$179M
$176M
—
Knight-Swift Transportation Holdings Inc. · KNX
$1.6B
$1.8B
$1.8B
$2.0B
$1.9B
$1.7B
$1.6B
$1.6B
$2.0B
$1.9B
$1.8B
$1.8B
$1.9B
$1.9B
$1.8B
$1.9B
$1.9B
$1.9B
$1.9B
—
Marten Transport, Ltd. · MRTN
$251M
$267M
$287M
$330M
$324M
$323M
$298M
$286M
$280M
$268M
$250M
$246M
$237M
$230M
$223M
$230M
$220M
$210M
$204M
—
Old Dominion Freight Line, Inc. · ODFL
$1.4B
$1.4B
$1.5B
$1.7B
$1.6B
$1.5B
$1.4B
$1.4B
$1.5B
$1.5B
$1.5B
$1.5B
$1.5B
$1.4B
$1.4B
$1.4B
$1.4B
$1.3B
$1.3B
—
RXO, Inc. · RXO
$1.2B
$1.3B
$1.3B
$1.2B
$1.1B
$1.1B
$1.0B
$963M
$976M
$978M
$913M
$930M
$1.0B
$1.7B
$1.4B
$1.4B
$1.4B
$1.5B
$1.4B
—
Saia, Inc. · SAIA
$616M
$617M
$661M
$746M
$730M
$656M
$661M
$695M
$775M
$751M
$755M
$823M
$842M
$789M
$788M
$817M
$840M
$790M
$806M
—
Schneider National, Inc. · SNDR
$1.4B
$1.6B
$1.6B
$1.7B
$1.7B
$1.6B
$1.4B
$1.3B
$1.4B
$1.4B
$1.3B
$1.3B
$1.3B
$1.3B
$1.4B
$1.4B
$1.5B
$1.4B
$1.4B
—
TFI International Inc. · TFII
$2.1B
$2.1B
$2.2B
$2.4B
$2.2B
$2.0B
$1.9B
$1.8B
$1.9B
$2.0B
$1.9B
$2.3B
$2.2B
$2.1B
$2.0B
$2.0B
$2.0B
$1.9B
$1.9B
—
Werner Enterprises, Inc. · WERN
$703M
$765M
$765M
$836M
$828M
$861M
$833M
$811M
$818M
$822M
$769M
$761M
$746M
$755M
$712M
$753M
$771M
$738M
$809M
—
XPO, Inc. · XPO
$3.3B
$1.8B
$1.9B
$2.0B
$1.9B
$1.8B
$1.9B
$1.9B
$2.0B
$1.9B
$2.0B
$2.1B
$2.1B
$1.9B
$2.0B
$2.1B
$2.1B
$2.0B
$2.1B
—
Revenue growth · reported quarter history
Showing the 12 largest of 14 companies with a series here. The remaining 2 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
ArcBest Corporation · ARCB
—
—
—
39%
25%
-1.8%
-13%
-17%
-12%
-6.4%
-6.3%
-2.3%
-5.8%
-8.1%
-6.7%
-5.2%
-1.4%
-2.9%
3.3%
—
Covenant Logistics Group, Inc. · CVLG
—
—
—
24%
13%
0.7%
-8.6%
-14%
-7.4%
-7.4%
4.5%
4.7%
-0.4%
1.1%
-3.6%
5.6%
3.1%
6.5%
14%
—
Heartland Express, Inc. · HTLD
—
—
—
22%
79%
140%
119%
63%
7.7%
-23%
-18%
-10%
-12%
-12%
-19%
-24%
-24%
-26%
-20%
—
Knight-Swift Transportation Holdings Inc. · KNX
—
—
—
49%
16%
-4.0%
-10%
-21%
6.5%
11%
11%
19%
-7.1%
-3.5%
0.1%
0.8%
2.7%
-0.4%
1.4%
—
Marten Transport, Ltd. · MRTN
—
—
—
42%
29%
21%
3.8%
-13%
-14%
-17%
-16%
-14%
-15%
-14%
-11%
-6.5%
-7.2%
-8.7%
-8.5%
—
Old Dominion Freight Line, Inc. · ODFL
—
—
—
26%
15%
5.8%
-3.7%
-15%
-5.6%
0.3%
1.3%
6.1%
-3.0%
-7.4%
-5.8%
-6.1%
-4.3%
-5.7%
-2.9%
—
RXO, Inc. · RXO
—
—
—
12%
-5.0%
-16%
-23%
-21%
-14%
-13%
-9.6%
-3.4%
6.6%
70%
57%
53%
37%
-12%
-0.6%
—
Saia, Inc. · SAIA
—
—
—
31%
19%
6.3%
0.0%
-6.8%
6.2%
14%
14%
18%
8.7%
5.1%
4.4%
-0.7%
-0.2%
0.1%
2.3%
—
Schneider National, Inc. · SNDR
—
—
—
28%
16%
-0.8%
-12%
-23%
-19%
-12%
-7.7%
-2.2%
-2.7%
-2.4%
6.3%
7.9%
10%
4.6%
-0.2%
—
TFI International Inc. · TFII
—
—
—
32%
7.1%
-8.6%
-16%
-26%
-15%
0.6%
1.1%
26%
14%
5.5%
5.0%
-10%
-9.9%
-7.9%
-0.8%
—
Werner Enterprises, Inc. · WERN
—
—
—
29%
18%
13%
8.9%
-3.0%
-1.2%
-4.5%
-7.7%
-6.2%
-8.8%
-8.2%
-7.4%
-1.1%
3.4%
-2.3%
14%
—
XPO, Inc. · XPO
—
—
—
-36%
-40%
0.0%
0.7%
-6.4%
1.8%
6.0%
5.8%
8.5%
3.7%
-0.9%
-3.2%
0.1%
2.8%
4.6%
7.3%
—
02 · compare level, then change
Operating Economics & Margin Trend
Old Dominion Freight Line, Inc. has the highest OPM among the 14 Trucking companies compared here, at 23.8%. Saia, Inc. is next at 8.3%. PAMT CORP has the highest Margin change at +5.7 percentage points, so level and change sit with different companies. 14 of 14 companies report a comparable reading, the latest through Mar 2026.
What the numbers say: Old Dominion Freight Line, Inc. leads opm at 23.8%; PAMT CORP leads margin change at +5.7 percentage points.
LeaderOld Dominion Freight Line, Inc. · 23.8%
Gap186.7% versus #2 · Saia, Inc.
Persistence1/8 recent comparable periods
Coverage14/14 companies · 264 observations
Investor read: Old Dominion Freight Line, Inc. sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.
This conclusion weakens if: The next two comparable reports reverse the current margin change signal.
Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.
OPMhighest
1Old Dominion Freight Line, Inc. ODFL24%
2Saia, Inc. SAIA8.3%
3XPO, Inc. XPO8.3%
4TFI International Inc. TFII5.0%
5Schneider National, Inc. SNDR2.4%
Margin changefastest expanders
1PAMT CORP PAMT+5.7 pp
2Heartland Express, Inc. HTLD+4.9 pp
3Werner Enterprises, Inc. WERN+1.3 pp
4XPO, Inc. XPO+0.6 pp
5RXO, Inc. RXO+0.1 pp
Operating margin · company comparison
14/14 level · 14/14 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | OPM | Margin change | Reported |
|---|---|---|---|
| Old Dominion Freight Line, Inc. ODFL | 24% | −0.8 pp | Mar 2026 |
| XPO, Inc. XPO | 8.3% | +0.6 pp | Mar 2026 |
| Saia, Inc. SAIA | 8.3% | −0.6 pp | Mar 2026 |
| TFI International Inc. TFII | 5.0% | −0.8 pp | Mar 2026 |
| Schneider National, Inc. SNDR | 2.4% | −0.6 pp | Mar 2026 |
| Covenant Logistics Group, Inc. CVLG | 2.0% | −0.8 pp | Mar 2026 |
| Knight-Swift Transportation Holdings Inc. KNX | 1.5% | −2.2 pp | Jun 2026 |
| Universal Logistics Holdings, Inc. ULH | 1.3% | −3.8 pp | Jun 2026 |
| Marten Transport, Ltd. MRTN | 0.8% | −1.8 pp | Jun 2026 |
| Werner Enterprises, Inc. WERN | 0.5% | +1.3 pp | Mar 2026 |
| ArcBest Corporation ARCB | 0.3% | −0.4 pp | Mar 2026 |
| PAMT CORP PAMT | -0.2% | +5.7 pp | Mar 2026 |
| Heartland Express, Inc. HTLD | -1.9% | +4.9 pp | Mar 2026 |
| RXO, Inc. RXO | -2.0% | +0.1 pp | Mar 2026 |
Full 20-quarter history · every available company
OPM · reported quarter history
Showing the 12 largest of 14 companies with a series here. The remaining 2 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
ArcBest Corporation · ARCB
8.6%
7.0%
7.3%
10%
9.0%
4.3%
1.9%
3.8%
4.0%
5.9%
2.2%
4.5%
13%
3.8%
0.7%
3.6%
5.2%
-0.8%
0.3%
—
Covenant Logistics Group, Inc. · CVLG
7.3%
6.2%
8.2%
8.5%
19%
3.7%
6.6%
4.3%
5.2%
5.2%
1.6%
5.4%
5.6%
3.1%
2.8%
3.8%
2.7%
-8.2%
2.0%
—
Heartland Express, Inc. · HTLD
22%
18%
15%
56%
13%
7.4%
6.9%
5.3%
-2.5%
3.9%
-5.3%
0.1%
-2.7%
0.4%
-6.8%
-5.9%
-3.7%
-13%
-1.9%
—
Knight-Swift Transportation Holdings Inc. · KNX
16%
19%
16%
17%
14%
12%
8.8%
6.1%
4.0%
0.9%
1.1%
3.4%
4.3%
4.2%
3.7%
3.9%
2.6%
1.4%
1.5%
—
Marten Transport, Ltd. · MRTN
11%
12%
13%
12%
10%
10%
9.7%
9.9%
6.2%
5.8%
4.9%
4.1%
1.8%
2.9%
2.6%
4.2%
1.2%
2.2%
0.8%
—
Old Dominion Freight Line, Inc. · ODFL
27%
26%
27%
31%
31%
29%
27%
28%
29%
28%
27%
28%
27%
24%
25%
25%
26%
23%
24%
—
RXO, Inc. · RXO
3.2%
4.1%
3.9%
4.7%
1.3%
-0.1%
0.5%
1.5%
0.6%
1.4%
-1.3%
0.0%
-1.9%
-1.4%
-2.1%
0.0%
-0.5%
-2.0%
-2.0%
—
Saia, Inc. · SAIA
17%
16%
16%
20%
18%
14%
15%
17%
17%
15%
16%
17%
15%
13%
8.9%
12%
14%
8.1%
8.3%
—
Schneider National, Inc. · SNDR
11%
11%
8.3%
10%
8.7%
9.2%
8.0%
7.7%
3.5%
2.3%
2.2%
3.9%
3.3%
3.2%
3.0%
3.9%
2.4%
2.6%
2.4%
—
TFI International Inc. · TFII
9.1%
10%
10%
16%
14%
11%
9.0%
11%
11%
10%
8.1%
9.1%
9.2%
7.7%
5.8%
8.4%
7.8%
6.6%
5.0%
—
Werner Enterprises, Inc. · WERN
10%
13%
11%
9.0%
9.2%
10%
6.4%
5.8%
4.6%
4.6%
2.0%
2.6%
2.4%
1.8%
-0.8%
8.8%
-1.7%
-4.9%
0.5%
—
XPO, Inc. · XPO
3.4%
0.2%
3.3%
8.4%
7.1%
0.2%
3.0%
5.6%
7.8%
6.1%
6.8%
9.5%
8.6%
7.8%
7.7%
9.5%
7.8%
7.1%
8.3%
—
Margin change · reported quarter history
Showing the 12 largest of 14 companies with a series here. The remaining 2 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
ArcBest Corporation · ARCB
—
—
—
+2.5 pp
+0.4 pp
−2.7 pp
−5.4 pp
−6.5 pp
−5.0 pp
+1.6 pp
+0.3 pp
+0.7 pp
+8.7 pp
−2.1 pp
−1.5 pp
−0.9 pp
−7.5 pp
−4.6 pp
−0.4 pp
—
Covenant Logistics Group, Inc. · CVLG
—
—
—
+1.3 pp
+11.6 pp
−2.5 pp
−1.6 pp
−4.2 pp
−13.7 pp
+1.5 pp
−5.0 pp
+1.1 pp
+0.4 pp
−2.1 pp
+1.2 pp
−1.6 pp
−2.9 pp
−11.3 pp
−0.8 pp
—
Heartland Express, Inc. · HTLD
—
—
—
+38.2 pp
−9.1 pp
−10.5 pp
−7.9 pp
−50.6 pp
−15.2 pp
−3.5 pp
−12.2 pp
−5.2 pp
−0.2 pp
−3.5 pp
−1.5 pp
−6.0 pp
−1.0 pp
−13.1 pp
+4.9 pp
—
Knight-Swift Transportation Holdings Inc. · KNX
—
—
—
+2.1 pp
−2.4 pp
−7.2 pp
−7.5 pp
−10.5 pp
−10.0 pp
−10.7 pp
−7.7 pp
−2.7 pp
+0.3 pp
+3.3 pp
+2.6 pp
+0.5 pp
−1.7 pp
−2.8 pp
−2.2 pp
—
Marten Transport, Ltd. · MRTN
—
—
—
+0.1 pp
−0.9 pp
−1.3 pp
−2.8 pp
−2.5 pp
−4.2 pp
−4.4 pp
−4.8 pp
−5.8 pp
−4.4 pp
−2.9 pp
−2.3 pp
+0.1 pp
−0.6 pp
−0.7 pp
−1.8 pp
—
Old Dominion Freight Line, Inc. · ODFL
—
—
—
+2.8 pp
+3.5 pp
+2.4 pp
−0.5 pp
−2.8 pp
−1.5 pp
−0.6 pp
−0.1 pp
+0.4 pp
−2.1 pp
−4.1 pp
−1.9 pp
−2.7 pp
−1.6 pp
−0.8 pp
−0.8 pp
—
RXO, Inc. · RXO
—
—
—
+0.4 pp
−1.9 pp
−4.2 pp
−3.4 pp
−3.2 pp
−0.7 pp
+1.5 pp
−1.8 pp
−1.5 pp
−2.5 pp
−2.8 pp
−0.8 pp
0.0 pp
+1.4 pp
−0.6 pp
+0.1 pp
—
Saia, Inc. · SAIA
—
—
—
+5.1 pp
+0.4 pp
−1.7 pp
−0.6 pp
−2.3 pp
−1.0 pp
+0.9 pp
+0.6 pp
−0.6 pp
−1.7 pp
−2.1 pp
−6.7 pp
−4.5 pp
−0.8 pp
−4.8 pp
−0.6 pp
—
Schneider National, Inc. · SNDR
—
—
—
+0.9 pp
−1.9 pp
−2.1 pp
−0.3 pp
−2.4 pp
−5.2 pp
−6.9 pp
−5.8 pp
−3.8 pp
−0.2 pp
+0.9 pp
+0.8 pp
0.0 pp
−0.9 pp
−0.6 pp
−0.6 pp
—
TFI International Inc. · TFII
—
—
—
−9.5 pp
+5.1 pp
+1.1 pp
−1.0 pp
−5.4 pp
−3.7 pp
−1.0 pp
−0.9 pp
−1.6 pp
−1.3 pp
−2.4 pp
−2.3 pp
−0.7 pp
−1.4 pp
−1.1 pp
−0.8 pp
—
Werner Enterprises, Inc. · WERN
—
—
—
−2.8 pp
−0.9 pp
−2.6 pp
−4.5 pp
−3.2 pp
−4.6 pp
−5.7 pp
−4.4 pp
−3.2 pp
−2.2 pp
−2.8 pp
−2.8 pp
+6.2 pp
−4.1 pp
−6.7 pp
+1.3 pp
—
XPO, Inc. · XPO
—
—
—
+2.4 pp
+3.7 pp
0.0 pp
−0.3 pp
−2.8 pp
+0.7 pp
+5.9 pp
+3.8 pp
+3.9 pp
+0.8 pp
+1.7 pp
+0.9 pp
0.0 pp
−0.8 pp
−0.7 pp
+0.6 pp
—
03 · compare level, then change
Profit Scale & Acceleration
Old Dominion Freight Line, Inc. has the highest Net profit among the 14 Trucking companies compared here, at $1,007 million. XPO, Inc. is next at $348 million. XPO, Inc. has the highest Profit growth at -10.5%, so level and change sit with different companies. 11 of 14 companies report a comparable reading, the latest through Mar 2026.
What the numbers say: Old Dominion Freight Line, Inc. leads with $1,007 million of TTM profit, 189.4% above XPO, Inc.. XPO, Inc. shows -10.5% growth from a $348 million profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.
LeaderOld Dominion Freight Line, Inc. · $1,007 million
Gap189.4% versus #2 · XPO, Inc.
Persistence1/8 recent comparable periods
Coverage11/14 companies · 264 observations
Investor read: Old Dominion Freight Line, Inc. sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.
This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.
Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.
Net profitlargest
1Old Dominion Freight Line, Inc. ODFL$1.0B
2XPO, Inc. XPO$348M
3TFI International Inc. TFII$298M
4Saia, Inc. SAIA$255M
5Schneider National, Inc. SNDR$97M
Profit growthfastest growers
1XPO, Inc. XPO-11%
2Old Dominion Freight Line, Inc. ODFL-12%
3Saia, Inc. SAIA-21%
4Schneider National, Inc. SNDR-22%
5TFI International Inc. TFII-23%
Net profit · company comparison
11/14 level · 7/14 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | Net profit | Profit growth | Reported |
|---|---|---|---|
| Old Dominion Freight Line, Inc. ODFL | $238M | -6.7% | Mar 2026 |
| XPO, Inc. XPO | $101M | 46% | Mar 2026 |
| Saia, Inc. SAIA | $50M | 0.0% | Mar 2026 |
| TFI International Inc. TFII | $43M | -23% | Mar 2026 |
| Schneider National, Inc. SNDR | $20M | -23% | Mar 2026 |
| Covenant Logistics Group, Inc. CVLG | $4M | -43% | Mar 2026 |
| Marten Transport, Ltd. MRTN | $1M | -75% | Jun 2026 |
| PAMT CORP PAMT | $0M | -400% | Mar 2026 |
| Knight-Swift Transportation Holdings Inc. KNX | $-1M | -103% | Jun 2026 |
| ArcBest Corporation ARCB | $-1M | -133% | Mar 2026 |
| Werner Enterprises, Inc. WERN | $-4M | -392% | Mar 2026 |
| Universal Logistics Holdings, Inc. ULH | $-4M | -150% | Jun 2026 |
| Heartland Express, Inc. HTLD | $-5M | -140% | Mar 2026 |
| RXO, Inc. RXO | $-36M | -1,350% | Mar 2026 |
Full 20-quarter history · every available company
Net profit · reported quarter history
Showing the 12 largest of 14 companies with a series here. The remaining 2 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
ArcBest Corporation · ARCB
$64M
$62M
$68M
$102M
$89M
$36M
$19M
$40M
$35M
$49M
$-3M
$47M
$100M
$29M
$3M
$26M
$39M
$-8M
$-1M
—
Covenant Logistics Group, Inc. · CVLG
$16M
$39M
$22M
$25M
$50M
$46M
$16M
$12M
$13M
$30M
$4M
$12M
$13M
$17M
$7M
$10M
$6M
$-18M
$4M
—
Heartland Express, Inc. · HTLD
$24M
$20M
$17M
$77M
$24M
$15M
$13M
$8M
$-11M
$5M
$-15M
$-3M
$-9M
$-2M
$-14M
$-11M
$-8M
$-19M
$-5M
—
Knight-Swift Transportation Holdings Inc. · KNX
$206M
$255M
$208M
$219M
$195M
$149M
$104M
$63M
$60M
$-11M
$-3M
$20M
$30M
$69M
$30M
$34M
$8M
$-7M
$-1M
—
Marten Transport, Ltd. · MRTN
$21M
$25M
$28M
$32M
$26M
$26M
$23M
$22M
$14M
$12M
$10M
$8M
$4M
$6M
$4M
$7M
$2M
$4M
$1M
—
Old Dominion Freight Line, Inc. · ODFL
$287M
$279M
$300M
$376M
$377M
$324M
$285M
$292M
$339M
$323M
$292M
$322M
$309M
$263M
$255M
$269M
$271M
$229M
$238M
—
RXO, Inc. · RXO
$33M
$42M
$39M
$44M
$13M
$-4M
$0M
$3M
$-1M
$2M
$-15M
$-7M
$-243M
$-25M
$-31M
$-9M
$-14M
$-34M
$-36M
—
Saia, Inc. · SAIA
$80M
$74M
$79M
$109M
$98M
$71M
$76M
$91M
$98M
$89M
$91M
$103M
$93M
$76M
$50M
$71M
$86M
$48M
$50M
—
Schneider National, Inc. · SNDR
$110M
$134M
$92M
$130M
$126M
$110M
$98M
$78M
$36M
$27M
$19M
$35M
$31M
$33M
$26M
$36M
$19M
$22M
$20M
—
TFI International Inc. · TFII
$132M
$144M
$148M
$277M
$245M
$153M
$112M
$128M
$133M
$131M
$93M
$116M
$126M
$88M
$56M
$98M
$85M
$72M
$43M
—
Werner Enterprises, Inc. · WERN
$65M
$78M
$55M
$74M
$56M
$61M
$36M
$30M
$24M
$23M
$6M
$9M
$7M
$12M
$-10M
$44M
$-21M
$-35M
$-4M
—
XPO, Inc. · XPO
$21M
$-36M
$32M
$96M
$92M
$-36M
$17M
$31M
$86M
$58M
$67M
$150M
$95M
$75M
$69M
$106M
$82M
$59M
$101M
—
Profit growth · reported quarter history
Showing the 12 largest of 14 companies with a series here. The remaining 2 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
ArcBest Corporation · ARCB
—
—
—
67%
39%
-42%
-72%
-61%
-61%
36%
-116%
18%
186%
-41%
—
-45%
-61%
-128%
-133%
—
Covenant Logistics Group, Inc. · CVLG
—
—
—
67%
213%
18%
-27%
-52%
-74%
-35%
-75%
0.0%
0.0%
-43%
75%
-17%
-54%
-206%
-43%
—
Heartland Express, Inc. · HTLD
—
—
—
267%
0.0%
-25%
-24%
-90%
-146%
-67%
-215%
-138%
—
-140%
—
—
—
—
—
—
Knight-Swift Transportation Holdings Inc. · KNX
—
—
—
43%
-5.3%
-42%
-50%
-71%
-69%
-107%
-103%
-68%
-50%
—
—
70%
-73%
-110%
-103%
—
Marten Transport, Ltd. · MRTN
—
—
—
52%
24%
4.0%
-18%
-31%
-46%
-54%
-57%
-64%
-71%
-50%
-60%
-13%
-50%
-33%
-75%
—
Old Dominion Freight Line, Inc. · ODFL
—
—
—
39%
31%
16%
-5.0%
-22%
-10%
-0.3%
2.5%
10%
-8.9%
-19%
-13%
-16%
-12%
-13%
-6.7%
—
RXO, Inc. · RXO
—
—
—
26%
-61%
-110%
-100%
-93%
-108%
—
—
-333%
—
-1,350%
—
—
—
—
—
—
Saia, Inc. · SAIA
—
—
—
76%
23%
-4.1%
-3.8%
-17%
0.0%
25%
20%
13%
-5.1%
-15%
-45%
-31%
-7.5%
-37%
0.0%
—
Schneider National, Inc. · SNDR
—
—
—
22%
15%
-18%
6.5%
-40%
-71%
-75%
-81%
-55%
-14%
22%
37%
2.9%
-39%
-33%
-23%
—
TFI International Inc. · TFII
—
—
—
-33%
86%
6.3%
-24%
-54%
-46%
-14%
-17%
-9.4%
-5.3%
-33%
-40%
-16%
-33%
-18%
-23%
—
Werner Enterprises, Inc. · WERN
—
—
—
2.8%
-14%
-22%
-35%
-59%
-57%
-62%
-83%
-70%
-71%
-48%
-267%
389%
-400%
-392%
—
—
XPO, Inc. · XPO
—
—
—
-15%
338%
—
-47%
-68%
-6.5%
—
294%
384%
10%
29%
3.0%
-29%
-14%
-21%
46%
—
04 · compare level, then change
Capacity Spending & Returns On It
Knight-Swift Transportation Holdings Inc. has the highest CAPEX among the 14 Trucking companies compared here, at $130 million. XPO, Inc. is next at $111 million. Heartland Express, Inc. has the highest CAPEX intensity at 10.2%, so level and change sit with different companies. 14 of 14 companies report a comparable reading, the latest through Jun 2026.
What the numbers say: Knight-Swift Transportation Holdings Inc. reports $130 million of CAPEX; Heartland Express, Inc. has the highest covered intensity at 10.2%. Coverage is only 14 of 14 companies and 264 reported observations, so this is partial evidence—not a complete sector rank.
LeaderKnight-Swift Transportation Holdings Inc. · $130 million
Gap17.1% versus #2 · XPO, Inc.
Persistence8/8 recent comparable periods
Coverage14/14 companies · 264 observations
Investor read: Use the CAPEX rank as a diligence queue. Verify commissioning, utilization, cash conversion and post-investment ROCE before treating spend as value creation.
This conclusion weakens if: CAPEX rises without higher utilization, operating cash flow or incremental returns.
CAPEX is cash spent on property, plant, equipment and other reported capital assets. CAPEX intensity divides that spend by revenue; high intensity is a reinvestment signal, not proof that the reinvestment will earn attractive returns.
CAPEXlargest spenders
1Knight-Swift Transportation Holdings Inc. KNX$130M
2XPO, Inc. XPO$111M
3Schneider National, Inc. SNDR$68M
4Saia, Inc. SAIA$66M
5Old Dominion Freight Line, Inc. ODFL$63M
CAPEX intensityhighest reinvestment intensity
1Heartland Express, Inc. HTLD10%
2PAMT CORP PAMT9.9%
3Saia, Inc. SAIA8.2%
4Knight-Swift Transportation Holdings Inc. KNX7.0%
5Werner Enterprises, Inc. WERN6.6%
Capital expenditure · company comparison
14/14 level · 14/14 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | CAPEX | CAPEX intensity | Reported |
|---|---|---|---|
| Knight-Swift Transportation Holdings Inc. KNX | $130M | 7.0% | Jun 2026 |
| XPO, Inc. XPO | $111M | 5.3% | Mar 2026 |
| Schneider National, Inc. SNDR | $68M | 4.9% | Mar 2026 |
| Saia, Inc. SAIA | $66M | 8.2% | Mar 2026 |
| Old Dominion Freight Line, Inc. ODFL | $63M | 4.7% | Mar 2026 |
| Werner Enterprises, Inc. WERN | $53M | 6.6% | Mar 2026 |
| TFI International Inc. TFII | $26M | 1.3% | Mar 2026 |
| Heartland Express, Inc. HTLD | $18M | 10% | Mar 2026 |
| RXO, Inc. RXO | $17M | 1.2% | Mar 2026 |
| PAMT CORP PAMT | $14M | 9.9% | Mar 2026 |
| Marten Transport, Ltd. MRTN | $12M | 5.9% | Jun 2026 |
| Covenant Logistics Group, Inc. CVLG | $11M | 3.6% | Mar 2026 |
| ArcBest Corporation ARCB | $10M | 1.0% | Mar 2026 |
| Universal Logistics Holdings, Inc. ULH | $10M | 2.7% | Jun 2026 |
Full 20-quarter history · every available company
CAPEX · reported quarter history
Showing the 12 largest of 14 companies with a series here. The remaining 2 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
ArcBest Corporation · ARCB
$18M
$15M
$19M
$30M
$26M
$72M
$35M
$49M
$47M
$89M
$55M
$50M
$65M
$53M
$15M
$27M
$65M
$8M
$10M
—
Covenant Logistics Group, Inc. · CVLG
$8M
$13M
$9M
$19M
$34M
$39M
$16M
$43M
$53M
$106M
$48M
$51M
$33M
$21M
$33M
$36M
$49M
$29M
$11M
—
Heartland Express, Inc. · HTLD
$46M
$39M
$22M
$29M
$41M
$69M
$42M
$66M
$69M
$32M
$5M
$11M
$11M
$83M
$24M
$34M
$49M
$49M
$18M
—
Knight-Swift Transportation Holdings Inc. · KNX
$142M
$146M
$165M
$131M
$201M
$304M
$261M
$258M
$335M
$219M
$192M
$181M
$220M
$227M
$122M
$209M
$311M
$154M
$130M
—
Marten Transport, Ltd. · MRTN
$60M
$39M
$12M
$47M
$62M
$56M
$44M
$78M
$53M
$65M
$30M
$65M
$79M
$58M
$19M
$57M
$49M
$19M
$12M
—
Old Dominion Freight Line, Inc. · ODFL
$179M
$165M
$94M
$229M
$182M
$270M
$235M
$245M
$172M
$106M
$120M
$238M
$243M
$171M
$88M
$187M
$94M
$46M
$63M
—
RXO, Inc. · RXO
$11M
$9M
$12M
$12M
$15M
$18M
$12M
$16M
$18M
$18M
$11M
$11M
$11M
$12M
$15M
$14M
$14M
$16M
$17M
—
Saia, Inc. · SAIA
$55M
$131M
$46M
$110M
$123M
$88M
$128M
$99M
$114M
$99M
$457M
$225M
$193M
$168M
$203M
$175M
$90M
$100M
$66M
—
Schneider National, Inc. · SNDR
$154M
$119M
$75M
$106M
$179M
$229M
$156M
$214M
$165M
$168M
$135M
$105M
$116M
$123M
$121M
$77M
$138M
$48M
$68M
—
TFI International Inc. · TFII
$69M
$102M
$90M
$75M
$74M
$112M
$76M
$84M
$121M
$81M
$78M
$119M
$124M
$73M
$35M
$84M
$72M
$83M
$26M
—
Werner Enterprises, Inc. · WERN
$103M
$75M
$74M
$154M
$153M
$127M
$162M
$200M
$169M
$69M
$58M
$140M
$134M
$81M
$24M
$88M
$53M
$86M
$53M
—
XPO, Inc. · XPO
$77M
$101M
$123M
$119M
$112M
$167M
$224M
$131M
$139M
$1.0B
$306M
$190M
$127M
$166M
$199M
$196M
$156M
$106M
$111M
—
CAPEX intensity · reported quarter history
Showing the 12 largest of 14 companies with a series here. The remaining 2 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
ArcBest Corporation · ARCB
1.8%
1.3%
1.5%
2.3%
2.0%
6.2%
3.2%
4.4%
4.2%
8.2%
5.3%
4.6%
6.1%
5.3%
1.6%
2.6%
6.2%
0.8%
1.0%
—
Covenant Logistics Group, Inc. · CVLG
2.9%
4.4%
3.1%
6.0%
11%
13%
6.0%
16%
18%
39%
17%
18%
12%
7.6%
12%
12%
17%
9.8%
3.6%
—
Heartland Express, Inc. · HTLD
30%
26%
15%
15%
15%
19%
13%
22%
23%
12%
1.9%
4.0%
4.2%
34%
11%
16%
25%
27%
10%
—
Knight-Swift Transportation Holdings Inc. · KNX
8.6%
8.0%
9.0%
6.7%
11%
17%
16%
17%
17%
11%
11%
9.8%
12%
12%
6.7%
11%
16%
8.3%
7.0%
—
Marten Transport, Ltd. · MRTN
24%
15%
4.2%
14%
19%
17%
15%
27%
19%
24%
12%
26%
33%
25%
8.5%
25%
22%
9.0%
5.9%
—
Old Dominion Freight Line, Inc. · ODFL
13%
12%
6.3%
14%
11%
18%
16%
17%
11%
7.1%
8.2%
16%
17%
12%
6.4%
13%
6.7%
3.5%
4.7%
—
RXO, Inc. · RXO
0.9%
0.7%
0.9%
1.0%
1.3%
1.6%
1.2%
1.7%
1.8%
1.8%
1.2%
1.2%
1.1%
0.7%
1.0%
1.0%
1.0%
1.1%
1.2%
—
Saia, Inc. · SAIA
8.9%
21%
7.0%
15%
17%
13%
19%
14%
15%
13%
61%
27%
23%
21%
26%
21%
11%
13%
8.2%
—
Schneider National, Inc. · SNDR
11%
7.6%
4.6%
6.1%
11%
15%
11%
16%
12%
12%
10%
8.0%
8.8%
9.2%
8.6%
5.4%
9.5%
3.4%
4.9%
—
TFI International Inc. · TFII
3.3%
4.8%
4.1%
3.1%
3.3%
5.7%
4.1%
4.7%
6.3%
4.1%
4.2%
5.3%
5.7%
3.5%
1.8%
4.1%
3.7%
4.3%
1.3%
—
Werner Enterprises, Inc. · WERN
15%
9.8%
9.7%
18%
19%
15%
19%
25%
21%
8.4%
7.5%
18%
18%
11%
3.4%
12%
6.9%
12%
6.6%
—
XPO, Inc. · XPO
2.4%
5.5%
6.5%
5.8%
5.8%
9.1%
12%
6.8%
7.0%
54%
15%
9.1%
6.2%
8.6%
10%
9.4%
7.4%
5.3%
5.3%
—
Annual capital allocation · 5-year view
14/14 capacity base · 14/14 OCF · 14/14 CAPEX · 14/14 FCF
Capacity base is net fixed assets plus capital work in progress, straight off the reported balance sheet. It is not cash spent, so it answers a narrower question than CAPEX — but it is reported for companies whose cash-flow CAPEX is not published, which is why it leads here. Missing years remain blank; annual values are never relabelled as quarters.
Full annual capacity base, operating cash flow, CAPEX and free cash flow history
Capacity base · net fixed assets + CWIP · fiscal-year history
Showing the 12 largest of 14 companies with a series here. The remaining 2 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
ArcBest Corporation · ARCB
$803M
$967M
$1.1B
$1.3B
$1.4B
Covenant Logistics Group, Inc. · CVLG
$346M
$408M
$515M
$525M
$513M
Heartland Express, Inc. · HTLD
$488M
$994M
$903M
$772M
$669M
Knight-Swift Transportation Holdings Inc. · KNX
$3.7B
$4.0B
$5.1B
$5.1B
$5.0B
Marten Transport, Ltd. · MRTN
$682M
$728M
$792M
$829M
$777M
Old Dominion Freight Line, Inc. · ODFL
$3.2B
$3.7B
$4.1B
$4.5B
$4.5B
RXO, Inc. · RXO
$239M
$278M
$319M
$276M
$238M
Saia, Inc. · SAIA
$1.4B
$1.6B
$1.9B
$2.7B
$3.0B
Schneider National, Inc. · SNDR
$2.1B
$2.3B
$2.6B
$2.9B
$2.7B
TFI International Inc. · TFII
$2.9B
$2.5B
$2.8B
$3.4B
$3.4B
Werner Enterprises, Inc. · WERN
$1.6B
$1.8B
$2.0B
$1.9B
$1.8B
XPO, Inc. · XPO
$2.4B
$2.6B
$3.8B
$4.1B
$4.4B
Operating cash flow · fiscal-year history
Showing the 12 largest of 14 companies with a series here. The remaining 2 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
ArcBest Corporation · ARCB
$324M
$471M
$322M
$286M
$229M
Covenant Logistics Group, Inc. · CVLG
$73M
$159M
$85M
$123M
$114M
Heartland Express, Inc. · HTLD
$123M
$195M
$165M
$144M
$89M
Knight-Swift Transportation Holdings Inc. · KNX
$1.2B
$1.4B
$1.2B
$799M
$1.3B
Marten Transport, Ltd. · MRTN
$171M
$219M
$164M
$135M
$93M
Old Dominion Freight Line, Inc. · ODFL
$1.2B
$1.7B
$1.6B
$1.7B
$1.4B
RXO, Inc. · RXO
$155M
$310M
$89M
$-12M
$51M
Saia, Inc. · SAIA
$383M
$473M
$578M
$584M
$595M
Schneider National, Inc. · SNDR
$566M
$856M
$680M
$686M
$637M
TFI International Inc. · TFII
$855M
$972M
$1.0B
$1.1B
$978M
Werner Enterprises, Inc. · WERN
$333M
$449M
$474M
$330M
$182M
XPO, Inc. · XPO
$721M
$832M
$682M
$808M
$986M
CAPEX · reported cash flow · fiscal-year history
Showing the 12 largest of 14 companies with a series here. The remaining 2 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
ArcBest Corporation · ARCB
$58M
$148M
$219M
$223M
$115M
Covenant Logistics Group, Inc. · CVLG
$35M
$100M
$218M
$153M
$148M
Heartland Express, Inc. · HTLD
$133M
$161M
$209M
$110M
$156M
Knight-Swift Transportation Holdings Inc. · KNX
$535M
$801M
$1.1B
$820M
$796M
Marten Transport, Ltd. · MRTN
$199M
$177M
$241M
$233M
$145M
Old Dominion Freight Line, Inc. · ODFL
$550M
$775M
$757M
$771M
$415M
RXO, Inc. · RXO
$39M
$57M
$64M
$45M
$59M
Saia, Inc. · SAIA
$286M
$367M
$440M
$1.0B
$568M
Schneider National, Inc. · SNDR
$449M
$588M
$702M
$479M
$385M
TFI International Inc. · TFII
$269M
$351M
$362M
$393M
$273M
Werner Enterprises, Inc. · WERN
$371M
$507M
$599M
$414M
$250M
XPO, Inc. · XPO
$269M
$521M
$1.5B
$789M
$657M
Free cash flow · fiscal-year history
Showing the 12 largest of 14 companies with a series here. The remaining 2 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
ArcBest Corporation · ARCB
$265M
$323M
$103M
$63M
$114M
Covenant Logistics Group, Inc. · CVLG
$38M
$59M
$-133M
$-30M
$-34M
Heartland Express, Inc. · HTLD
$-9M
$34M
$-43M
$35M
$-67M
Knight-Swift Transportation Holdings Inc. · KNX
$655M
$635M
$89M
$-21M
$470M
Marten Transport, Ltd. · MRTN
$-28M
$43M
$-76M
$-98M
$-51M
Old Dominion Freight Line, Inc. · ODFL
$663M
$916M
$812M
$888M
$955M
RXO, Inc. · RXO
$116M
$253M
$25M
$-57M
$-8M
Saia, Inc. · SAIA
$97M
$106M
$138M
$-460M
$27M
Schneider National, Inc. · SNDR
$117M
$268M
$-22M
$207M
$253M
TFI International Inc. · TFII
$587M
$621M
$652M
$670M
$705M
Werner Enterprises, Inc. · WERN
$-38M
$-59M
$-124M
$-84M
$-69M
XPO, Inc. · XPO
$452M
$311M
$-851M
$19M
$329M
05 · compare level, then change
Debt Load & Balance-Sheet Headroom
Marten Transport, Ltd. has the lowest Gross debt among the 14 Trucking companies compared here, at $0 million. Old Dominion Freight Line, Inc. is next at $40 million. Old Dominion Freight Line, Inc. has the lowest Net debt at $248 million net cash, so level and change sit with different companies.
What the numbers say: Old Dominion Freight Line, Inc. has the clearest covered balance-sheet capacity with $248 million net cash and gross debt of $40 million. Absolute debt alone does not identify the strongest balance sheet because company scale differs; net debt and debt-to-equity carry more information.
LeaderMarten Transport, Ltd. · $0 million
Gap100% versus #2 · Old Dominion Freight Line, Inc.
Persistence8/8 recent comparable periods
Coverage14/14 companies · 266 observations
Investor read: Prioritize net-cash capacity and leverage relative to operating scale, not the smallest absolute rupee debt.
This conclusion weakens if: Net debt rises faster than revenue and profit for two consecutive reported periods.
Gross debt shows contractual borrowings. Net debt subtracts reported cash; a negative value means net cash. Lower debt can create capacity, but should be read against the scale and capital intensity of the business.
Gross debtlowest gross debt
1Marten Transport, Ltd. MRTN$0M
2Old Dominion Freight Line, Inc. ODFL$40M
3Heartland Express, Inc. HTLD$153M
4Saia, Inc. SAIA$262M
5Covenant Logistics Group, Inc. CVLG$292M
Net debtlowest net debt
1Old Dominion Freight Line, Inc. ODFL$-248M
2Marten Transport, Ltd. MRTN$-104M
3Heartland Express, Inc. HTLD$109M
4Schneider National, Inc. SNDR$134M
5Saia, Inc. SAIA$223M
Debt and balance-sheet capacity · company comparison
14/14 level · 14/14 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | Gross debt | Net debt | Reported |
|---|---|---|---|
| XPO, Inc. XPO | $4.0B | $3.8B | Mar 2026 |
| TFI International Inc. TFII | $3.2B | $3.0B | Mar 2026 |
| Knight-Swift Transportation Holdings Inc. KNX | $2.7B | $2.4B | Jun 2026 |
| Werner Enterprises, Inc. WERN | $1.0B | $979M | Mar 2026 |
| Universal Logistics Holdings, Inc. ULH | $931M | $913M | Jun 2026 |
| RXO, Inc. RXO | $699M | $678M | Mar 2026 |
| ArcBest Corporation ARCB | $460M | $374M | Mar 2026 |
| Schneider National, Inc. SNDR | $399M | $134M | Mar 2026 |
| PAMT CORP PAMT | $321M | $240M | Mar 2026 |
| Covenant Logistics Group, Inc. CVLG | $292M | $281M | Mar 2026 |
| Saia, Inc. SAIA | $262M | $223M | Mar 2026 |
| Heartland Express, Inc. HTLD | $153M | $109M | Mar 2026 |
| Old Dominion Freight Line, Inc. ODFL | $40M | $-248M | Mar 2026 |
| Marten Transport, Ltd. MRTN | $0M | $-104M | Jun 2026 |
Full 20-quarter history · every available company
Gross debt · reported quarter history
Showing the 12 largest of 14 companies with a series here. The remaining 2 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
ArcBest Corporation · ARCB
$354M
$337M
$389M
$354M
$424M
$439M
$449M
$438M
$446M
$438M
$418M
$422M
$406M
$413M
$463M
$491M
$461M
$465M
$460M
—
Covenant Logistics Group, Inc. · CVLG
$85M
$74M
$90M
$110M
$135M
$180M
$173M
$251M
$242M
$293M
$292M
$318M
$316M
$297M
$278M
$311M
$309M
$339M
$292M
—
Heartland Express, Inc. · HTLD
$0M
$0M
$0M
$74M
$489M
$434M
$384M
$363M
$355M
$317M
$278M
$249M
$216M
$209M
$206M
$198M
$161M
$161M
$153M
—
Knight-Swift Transportation Holdings Inc. · KNX
$2.2B
$2.2B
$2.1B
$2.2B
$2.0B
$2.1B
$2.0B
$2.4B
$3.2B
$3.2B
$3.2B
$3.1B
$3.4B
$2.8B
$2.8B
$2.7B
$3.2B
$2.7B
$2.7B
$2.7B
Marten Transport, Ltd. · MRTN
$0M
$0M
$0M
$0M
$0M
$0M
$0M
$0M
$0M
$0M
$0M
$0M
$0M
$0M
$0M
$0M
$0M
$0M
$0M
$0M
Old Dominion Freight Line, Inc. · ODFL
$100M
$100M
$100M
$100M
$100M
$100M
$100M
$80M
$80M
$80M
$80M
$60M
$60M
$60M
$60M
$170M
$85M
$40M
$40M
—
RXO, Inc. · RXO
$135M
$135M
$140M
$174M
$177M
$617M
$610M
$621M
$629M
$558M
$571M
$600M
$703M
$664M
$685M
$679M
$682M
$670M
$699M
—
Saia, Inc. · SAIA
$162M
$160M
$151M
$147M
$145M
$155M
$145M
$135M
$149M
$139M
$209M
$300M
$309M
$324M
$418M
$444M
$348M
$305M
$262M
—
Schneider National, Inc. · SNDR
$308M
$270M
$212M
$212M
$213M
$215M
$215M
$216M
$289M
$302M
$306M
$265M
$264M
$527M
$577M
$526M
$522M
$402M
$399M
—
TFI International Inc. · TFII
$2.0B
$2.0B
$2.1B
$2.1B
$1.7B
$1.7B
$1.7B
$1.7B
$2.0B
$2.3B
$2.9B
$3.2B
$3.2B
$3.0B
$3.0B
$3.0B
$3.0B
$3.2B
$3.2B
—
Werner Enterprises, Inc. · WERN
$350M
$428M
$426M
$451M
$574M
$694M
$691M
$652M
$705M
$649M
$598M
$670M
$690M
$650M
$640M
$725M
$725M
$752M
$1.0B
—
XPO, Inc. · XPO
$4.4B
$4.3B
$4.4B
$3.7B
$3.7B
$3.2B
$3.3B
$3.2B
$3.2B
$4.1B
$4.1B
$4.1B
$4.2B
$4.1B
$4.1B
$4.2B
$4.1B
$4.1B
$4.0B
—
Net debt · reported quarter history
Showing the 12 largest of 14 companies with a series here. The remaining 2 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
ArcBest Corporation · ARCB
$-114M
$212M
$288M
$150M
$123M
$113M
$83M
$198M
$105M
$108M
$177M
$162M
$215M
$256M
$364M
$351M
$328M
$341M
$374M
—
Covenant Logistics Group, Inc. · CVLG
$63M
$66M
$83M
$106M
$76M
$111M
$118M
$243M
$235M
$291M
$289M
$317M
$281M
$261M
$267M
$311M
$306M
$334M
$281M
—
Heartland Express, Inc. · HTLD
$-180M
$-158M
$-187M
$-98M
$424M
$385M
$328M
$317M
$335M
$289M
$254M
$225M
$185M
$196M
$182M
$175M
$143M
$143M
$109M
—
Knight-Swift Transportation Holdings Inc. · KNX
$1.9B
$1.9B
$1.7B
$1.8B
$1.7B
$1.7B
$1.6B
$1.9B
$2.8B
$2.7B
$2.9B
$2.8B
$3.1B
$2.5B
$2.4B
$2.4B
$2.9B
$2.4B
$2.4B
$2.4B
Marten Transport, Ltd. · MRTN
$-84M
$-57M
$-67M
$-68M
$-71M
$-81M
$-96M
$-81M
$-68M
$-53M
$-74M
$-77M
$-43M
$-17M
$-40M
$-35M
$-49M
$-43M
$-70M
$-104M
Old Dominion Freight Line, Inc. · ODFL
$-465M
$-617M
$-441M
$-321M
$-276M
$-136M
$-132M
$25M
$-127M
$-354M
$-501M
$-45M
$-14M
$-49M
$-37M
$146M
$38M
$-80M
$-248M
—
RXO, Inc. · RXO
$106M
$106M
$94M
$-38M
$-10M
$519M
$489M
$497M
$525M
$553M
$564M
$593M
$648M
$629M
$669M
$661M
$657M
$653M
$678M
—
Saia, Inc. · SAIA
$40M
$53M
$10M
$9M
$-5M
$-32M
$-21M
$-100M
$-100M
$-157M
$197M
$289M
$295M
$305M
$401M
$425M
$312M
$285M
$223M
—
Schneider National, Inc. · SNDR
$-242M
$-24M
$-109M
$-165M
$-181M
$-217M
$-228M
$-88M
$174M
$142M
$182M
$108M
$32M
$361M
$423M
$321M
$286M
$159M
$134M
—
TFI International Inc. · TFII
$1.9B
$2.0B
$2.1B
$2.1B
$1.6B
$1.6B
$1.6B
$1.6B
$1.9B
$2.0B
$2.0B
$3.2B
$3.1B
—
$2.9B
$3.0B
$3.0B
$3.0B
$3.0B
—
Werner Enterprises, Inc. · WERN
$305M
$374M
$300M
$397M
$448M
$587M
$561M
$605M
$662M
$587M
$538M
$600M
$635M
$609M
$588M
$674M
$674M
$692M
$979M
—
XPO, Inc. · XPO
$4.1B
$4.0B
$3.4B
$3.3B
$3.2B
$2.8B
$3.0B
$2.9B
$2.9B
$3.7B
$3.9B
$3.9B
$3.8B
$3.9B
$3.9B
$3.9B
$3.8B
$3.8B
$3.8B
—
06 · compare level, then change
Return On Capital Employed
Old Dominion Freight Line, Inc. has the highest ROCE among the 14 Trucking companies compared here, at 6.3%. XPO, Inc. is next at 2.7%. PAMT CORP has the highest ROCE change at +1.5 percentage points, so level and change sit with different companies. 14 of 14 companies report a comparable reading, the latest through Mar 2026.
What the numbers say: Old Dominion Freight Line, Inc. leads ROCE at 6.3%, 3.6 percentage points above XPO, Inc.. PAMT CORP has the strongest latest improvement at +1.5 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.
LeaderOld Dominion Freight Line, Inc. · 6.3%
Gap133.3% versus #2 · XPO, Inc.
Persistence0/8 recent comparable periods
Coverage14/14 companies · 265 observations
Investor read: Old Dominion Freight Line, Inc. sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.
This conclusion weakens if: The next two comparable reports reverse the current roce change signal.
ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.
ROCEhighest
1Old Dominion Freight Line, Inc. ODFL6.3%
2XPO, Inc. XPO2.7%
3Saia, Inc. SAIA2.1%
4TFI International Inc. TFII1.6%
5Knight-Swift Transportation Holdings Inc. KNX1.0%
ROCE changefastest improvers
1PAMT CORP PAMT+1.5 pp
2Heartland Express, Inc. HTLD+0.9 pp
3RXO, Inc. RXO+0.5 pp
4Knight-Swift Transportation Holdings Inc. KNX+0.3 pp
5Werner Enterprises, Inc. WERN+0.3 pp
Return on capital · company comparison
14/14 level · 14/14 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | ROCE | ROCE change | Reported |
|---|---|---|---|
| Old Dominion Freight Line, Inc. ODFL | 6.3% | −0.4 pp | Mar 2026 |
| XPO, Inc. XPO | 2.7% | +0.2 pp | Mar 2026 |
| Saia, Inc. SAIA | 2.1% | −0.5 pp | Mar 2026 |
| TFI International Inc. TFII | 1.6% | −0.3 pp | Mar 2026 |
| Knight-Swift Transportation Holdings Inc. KNX | 1.0% | +0.3 pp | Jun 2026 |
| Schneider National, Inc. SNDR | 0.8% | −0.2 pp | Mar 2026 |
| Marten Transport, Ltd. MRTN | 0.8% | −0.3 pp | Jun 2026 |
| Covenant Logistics Group, Inc. CVLG | 0.8% | −0.2 pp | Mar 2026 |
| Universal Logistics Holdings, Inc. ULH | 0.3% | −1.2 pp | Jun 2026 |
| ArcBest Corporation ARCB | 0.2% | −0.2 pp | Mar 2026 |
| Werner Enterprises, Inc. WERN | 0.1% | +0.3 pp | Mar 2026 |
| PAMT CORP PAMT | 0.0% | +1.5 pp | Mar 2026 |
| Heartland Express, Inc. HTLD | -0.3% | +0.9 pp | Mar 2026 |
| RXO, Inc. RXO | -1.2% | +0.5 pp | Mar 2026 |
Full 20-quarter history · every available company
ROCE · reported quarter history
Showing the 12 largest of 14 companies with a series here. The remaining 2 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
ArcBest Corporation · ARCB
6.7%
6.2%
6.8%
9.6%
7.6%
3.2%
1.3%
2.5%
2.6%
3.7%
1.3%
2.8%
7.7%
2.2%
0.4%
2.1%
3.1%
-0.5%
0.2%
—
Covenant Logistics Group, Inc. · CVLG
3.9%
3.5%
4.5%
5.2%
11%
1.9%
3.1%
1.9%
2.3%
2.0%
0.6%
2.0%
2.1%
1.1%
1.0%
1.4%
1.0%
-2.9%
0.8%
—
Heartland Express, Inc. · HTLD
3.9%
3.1%
2.6%
11%
2.9%
2.2%
2.0%
1.3%
-0.5%
0.7%
-1.0%
0.0%
-0.5%
0.1%
-1.2%
-1.0%
-0.6%
-2.0%
-0.3%
—
Knight-Swift Transportation Holdings Inc. · KNX
3.2%
4.0%
3.5%
3.7%
2.7%
2.1%
1.5%
0.9%
0.8%
0.2%
0.2%
0.6%
0.7%
0.7%
0.6%
0.7%
0.4%
0.2%
0.3%
1.0%
Marten Transport, Ltd. · MRTN
3.7%
4.0%
4.7%
5.2%
4.3%
4.1%
3.5%
3.4%
2.0%
1.8%
1.4%
1.1%
0.5%
0.8%
0.7%
1.1%
0.3%
0.5%
0.2%
0.8%
Old Dominion Freight Line, Inc. · ODFL
9.7%
8.9%
10%
12%
12%
9.9%
9.0%
9.1%
10%
9.1%
8.1%
9.1%
8.4%
6.7%
6.7%
7.3%
7.3%
6.1%
6.3%
—
RXO, Inc. · RXO
3.0%
4.4%
8.3%
8.2%
1.2%
-0.1%
0.4%
1.1%
0.5%
1.2%
-1.0%
0.0%
-1.1%
-1.4%
-1.7%
0.0%
-0.3%
-1.3%
-1.2%
—
Saia, Inc. · SAIA
7.7%
7.0%
7.1%
9.5%
7.9%
5.4%
5.6%
6.4%
6.4%
5.4%
5.4%
5.9%
5.1%
3.9%
2.6%
3.4%
4.0%
2.1%
2.1%
—
Schneider National, Inc. · SNDR
4.7%
5.7%
4.3%
5.4%
4.3%
4.1%
3.2%
2.8%
1.2%
0.8%
0.8%
1.3%
1.1%
1.0%
1.0%
1.3%
0.8%
0.9%
0.8%
—
TFI International Inc. · TFII
5.3%
5.6%
5.2%
8.6%
7.4%
4.8%
3.5%
4.0%
4.2%
4.1%
2.9%
3.8%
3.5%
2.8%
1.9%
2.8%
2.5%
2.0%
1.6%
—
Werner Enterprises, Inc. · WERN
3.5%
4.7%
3.9%
3.3%
3.2%
3.5%
2.1%
1.8%
1.4%
1.4%
0.6%
0.7%
0.6%
0.5%
-0.2%
2.5%
-0.5%
-1.4%
0.1%
—
XPO, Inc. · XPO
1.2%
0.0%
0.7%
2.0%
2.3%
0.1%
1.1%
2.0%
2.8%
2.2%
2.6%
3.6%
3.1%
2.4%
2.5%
3.1%
2.5%
2.2%
2.7%
—
ROCE change · reported quarter history
Showing the 12 largest of 14 companies with a series here. The remaining 2 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
ArcBest Corporation · ARCB
—
—
—
—
+0.9 pp
−3.0 pp
−5.5 pp
−7.1 pp
−5.0 pp
+0.5 pp
0.0 pp
+0.3 pp
+5.1 pp
−1.5 pp
−0.9 pp
−0.7 pp
−4.6 pp
−2.7 pp
−0.2 pp
—
Covenant Logistics Group, Inc. · CVLG
—
—
—
—
+6.9 pp
−1.6 pp
−1.4 pp
−3.3 pp
−8.5 pp
+0.1 pp
−2.5 pp
+0.1 pp
−0.2 pp
−0.9 pp
+0.4 pp
−0.6 pp
−1.1 pp
−4.0 pp
−0.2 pp
—
Heartland Express, Inc. · HTLD
—
—
—
—
−1.0 pp
−0.9 pp
−0.6 pp
−10.0 pp
−3.4 pp
−1.5 pp
−3.0 pp
−1.3 pp
0.0 pp
−0.6 pp
−0.2 pp
−1.0 pp
−0.1 pp
−2.1 pp
+0.9 pp
—
Knight-Swift Transportation Holdings Inc. · KNX
—
—
—
—
−0.5 pp
−1.9 pp
−2.0 pp
−2.8 pp
−1.9 pp
−1.9 pp
−1.3 pp
−0.3 pp
−0.1 pp
+0.5 pp
+0.4 pp
+0.1 pp
−0.3 pp
−0.5 pp
−0.3 pp
+0.3 pp
Marten Transport, Ltd. · MRTN
—
—
—
—
+0.6 pp
+0.1 pp
−1.2 pp
−1.8 pp
−2.3 pp
−2.3 pp
−2.1 pp
−2.3 pp
−1.5 pp
−1.0 pp
−0.7 pp
0.0 pp
−0.2 pp
−0.3 pp
−0.5 pp
−0.3 pp
Old Dominion Freight Line, Inc. · ODFL
—
—
—
—
+2.3 pp
+1.0 pp
−1.2 pp
−3.3 pp
−2.0 pp
−0.8 pp
−0.9 pp
0.0 pp
−1.6 pp
−2.4 pp
−1.4 pp
−1.8 pp
−1.1 pp
−0.6 pp
−0.4 pp
—
RXO, Inc. · RXO
—
—
—
—
−1.8 pp
−4.5 pp
−7.9 pp
−7.1 pp
−0.7 pp
+1.3 pp
−1.4 pp
−1.1 pp
−1.6 pp
−2.6 pp
−0.7 pp
0.0 pp
+0.8 pp
+0.1 pp
+0.5 pp
—
Saia, Inc. · SAIA
—
—
—
—
+0.2 pp
−1.6 pp
−1.5 pp
−3.1 pp
−1.5 pp
0.0 pp
−0.2 pp
−0.5 pp
−1.3 pp
−1.5 pp
−2.8 pp
−2.5 pp
−1.1 pp
−1.8 pp
−0.5 pp
—
Schneider National, Inc. · SNDR
—
—
—
—
−0.4 pp
−1.6 pp
−1.1 pp
−2.6 pp
−3.1 pp
−3.3 pp
−2.4 pp
−1.5 pp
−0.1 pp
+0.2 pp
+0.2 pp
0.0 pp
−0.3 pp
−0.1 pp
−0.2 pp
—
TFI International Inc. · TFII
—
—
—
—
+2.1 pp
−0.8 pp
−1.7 pp
−4.6 pp
−3.2 pp
−0.7 pp
−0.6 pp
−0.2 pp
−0.7 pp
−1.3 pp
−1.0 pp
−1.0 pp
−1.0 pp
−0.8 pp
−0.3 pp
—
Werner Enterprises, Inc. · WERN
—
—
—
—
−0.3 pp
−1.2 pp
−1.8 pp
−1.5 pp
−1.8 pp
−2.1 pp
−1.5 pp
−1.1 pp
−0.8 pp
−0.9 pp
−0.8 pp
+1.8 pp
−1.1 pp
−1.9 pp
+0.3 pp
—
XPO, Inc. · XPO
—
—
—
—
+1.1 pp
+0.1 pp
+0.4 pp
0.0 pp
+0.5 pp
+2.1 pp
+1.5 pp
+1.6 pp
+0.3 pp
+0.2 pp
−0.1 pp
−0.5 pp
−0.6 pp
−0.2 pp
+0.2 pp
—
07 · compare level, then change
Valuation Against Growth & Quality
Covenant Logistics Group, Inc. has the lowest Guarded PEG among the 14 Trucking companies compared here, at 0.25×. ArcBest Corporation is next at 0.42×. Universal Logistics Holdings, Inc. has the lowest P/E at 11×, so level and change sit with different companies. 6 of 14 companies report a comparable reading, the latest through Mar 2026.
What the numbers say: Covenant Logistics Group, Inc. has the lowest comparable Guarded PEG at 0.25×, 40.5% below ArcBest Corporation. Only 6 of 14 companies pass the guard, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.
LeaderCovenant Logistics Group, Inc. · 0.25×
Gap40.5% versus #2 · ArcBest Corporation
Persistence0/8 recent comparable periods
Coverage6/14 companies · 15 observations
Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.
This conclusion weakens if: The next two comparable reports reverse the current p/e signal.
PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data sources reconciled. A missing PEG is more honest than a low-base fiction.
Guarded PEGlowest PEG
1Covenant Logistics Group, Inc. CVLG0.3
2ArcBest Corporation ARCB0.4
3XPO, Inc. XPO0.8
4Saia, Inc. SAIA2.8
5Schneider National, Inc. SNDR4.5
P/Elowest P/E
1Universal Logistics Holdings, Inc. ULH11.0
2TFI International Inc. TFII30.3
3Saia, Inc. SAIA36.9
4ArcBest Corporation ARCB40.5
5Old Dominion Freight Line, Inc. ODFL40.9
Valuation · company comparison
6/14 level · 13/14 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | Guarded PEG | P/E | Reported |
|---|---|---|---|
| Old Dominion Freight Line, Inc. ODFL | 4.7 | 40.9 | Mar 2026 |
| Schneider National, Inc. SNDR | 4.5 | 47.1 | Mar 2026 |
| Saia, Inc. SAIA | 2.8 | 36.9 | Mar 2026 |
| Marten Transport, Ltd. MRTN | 1.2 | 102.1 | Jun 2026 |
| Knight-Swift Transportation Holdings Inc. KNX | 1.2 | 299.5 | Jun 2026 |
| XPO, Inc. XPO | 0.8 | 66.6 | Mar 2026 |
| ArcBest Corporation ARCB | 0.4 | 40.5 | Mar 2026 |
| Covenant Logistics Group, Inc. CVLG | 0.3 | 181.0 | Mar 2026 |
| Heartland Express, Inc. HTLD | 0.2 | 75.1 | Mar 2026 |
| TFI International Inc. TFII | — | 30.3 | Mar 2026 |
| RXO, Inc. RXO | — | 775.3 | Mar 2026 |
| Werner Enterprises, Inc. WERN | — | 64.2 | Mar 2026 |
| Universal Logistics Holdings, Inc. ULH | — | 11.0 | Jun 2026 |
Full 20-quarter history · every available company
Guarded PEG · reported quarter history
ArcBest Corporation · ARCB
—
—
—
—
—
—
0.4
—
—
—
—
—
1.4
—
0.2
0.4
—
—
—
—
Covenant Logistics Group, Inc. · CVLG
—
—
—
—
—
—
—
0.3
—
—
—
—
—
—
—
—
—
—
—
—
Heartland Express, Inc. · HTLD
—
—
—
—
—
—
0.2
—
—
—
—
—
—
—
—
—
—
—
—
—
Knight-Swift Transportation Holdings Inc. · KNX
—
—
—
—
—
—
—
—
—
—
—
—
—
—
1.2
—
—
—
—
—
Marten Transport, Ltd. · MRTN
—
—
—
—
—
—
1.2
—
—
—
—
—
—
—
—
—
—
—
—
—
Old Dominion Freight Line, Inc. · ODFL
—
—
—
—
—
—
1.2
4.7
—
—
—
—
—
—
—
—
—
—
—
—
Saia, Inc. · SAIA
—
—
—
—
—
—
1.0
—
—
—
—
2.6
2.8
—
—
—
—
—
—
—
Schneider National, Inc. · SNDR
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
4.5
—
—
—
—
XPO, Inc. · XPO
—
—
—
—
—
—
—
—
—
—
—
—
—
—
0.8
—
—
—
—
—
P/E · reported quarter history
Showing the 12 largest of 13 companies with a series here. The remaining 1 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
ArcBest Corporation · ARCB
12.8
14.5
8.3
6.2
5.8
6.0
7.9
10.5
13.8
15.2
28.7
20.2
13.4
12.8
9.3
11.5
16.6
28.3
40.5
—
Covenant Logistics Group, Inc. · CVLG
19.9
7.7
5.1
5.1
3.9
5.0
5.1
7.0
11.3
11.5
14.9
16.0
17.4
21.0
16.0
18.4
18.2
81.6
181.0
—
Heartland Express, Inc. · HTLD
16.7
16.8
13.5
8.0
8.2
9.1
9.7
21.3
45.9
75.1
—
—
—
—
—
—
—
—
—
—
Knight-Swift Transportation Holdings Inc. · KNX
13.6
13.7
10.3
8.7
9.2
11.1
13.7
17.6
21.6
43.0
82.1
121.8
234.6
72.7
46.3
43.4
44.9
127.5
274.2
299.5
Marten Transport, Ltd. · MRTN
16.0
16.8
15.4
13.1
14.3
14.7
16.1
18.2
19.1
24.4
26.0
34.2
42.1
47.3
50.8
50.0
44.4
54.2
69.1
102.1
Old Dominion Freight Line, Inc. · ODFL
35.4
40.3
30.5
23.8
21.3
23.3
28.0
32.1
36.4
36.0
38.6
30.3
34.7
32.2
31.0
31.7
28.3
32.4
40.9
—
RXO, Inc. · RXO
—
—
—
—
—
21.8
42.7
206.1
—
775.3
—
—
—
—
—
—
—
—
—
—
Saia, Inc. · SAIA
28.9
35.6
22.1
14.7
14.1
15.7
20.5
27.2
31.7
33.1
42.4
33.4
31.2
33.7
29.1
25.3
28.2
34.3
36.9
—
Schneider National, Inc. · SNDR
11.6
11.8
10.2
8.5
7.5
9.1
10.3
12.5
15.4
19.0
25.7
37.2
46.0
44.4
32.6
34.5
33.1
45.0
47.1
—
TFI International Inc. · TFII
14.0
14.2
12.1
10.7
10.3
11.1
13.7
15.8
21.3
23.4
28.3
26.3
25.1
27.3
17.1
20.7
22.7
27.8
30.3
—
Werner Enterprises, Inc. · WERN
12.4
12.5
10.3
9.6
9.5
10.8
13.1
15.7
16.7
24.1
29.9
36.2
52.9
65.3
101.0
31.8
64.2
—
—
—
XPO, Inc. · XPO
49.3
15.7
8.1
5.1
3.9
20.9
24.9
80.8
233.3
54.7
52.4
32.2
31.9
40.6
33.1
43.7
46.5
51.5
66.6
—
08 · compare level, then change
Enterprise Value & Book Value
Schneider National, Inc. has the lowest EV/EBITDA among the 14 Trucking companies compared here, at 7.82×. Heartland Express, Inc. is next at 8.55×. PAMT CORP has the lowest P/BV at 0.84×, so level and change sit with different companies. 14 of 14 companies report a comparable reading, the latest through Mar 2026.
What the numbers say: Schneider National, Inc. leads ev/ebitda at 7.82×; PAMT CORP leads p/bv at 0.84×.
LeaderSchneider National, Inc. · 7.82×
Gap8.5% versus #2 · Heartland Express, Inc.
Persistence0/8 recent comparable periods
Coverage14/14 companies · 247 observations
Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.
This conclusion weakens if: The next two comparable reports reverse the current p/bv signal.
EV/EBITDA includes debt in enterprise value and is useful across different capital structures. P/BV prices the company against its own book. Both are market multiples on reported figures, not intrinsic-value estimates and not forecasts.
EV/EBITDAlowest EV/EBITDA
1Schneider National, Inc. SNDR7.8
2Heartland Express, Inc. HTLD8.6
3Werner Enterprises, Inc. WERN8.8
4ArcBest Corporation ARCB9.8
5Covenant Logistics Group, Inc. CVLG10.0
P/BVlowest P/BV
1PAMT CORP PAMT0.8
2Universal Logistics Holdings, Inc. ULH1.1
3Heartland Express, Inc. HTLD1.1
4Werner Enterprises, Inc. WERN1.3
5Schneider National, Inc. SNDR1.5
Enterprise and book valuation · company comparison
14/14 level · 14/14 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | EV/EBITDA | P/BV | Reported |
|---|---|---|---|
| Marten Transport, Ltd. MRTN | 82.9 | 1.9 | Jun 2026 |
| Knight-Swift Transportation Holdings Inc. KNX | 71.8 | 1.8 | Jun 2026 |
| RXO, Inc. RXO | 68.6 | 1.6 | Mar 2026 |
| Old Dominion Freight Line, Inc. ODFL | 23.7 | 9.2 | Mar 2026 |
| XPO, Inc. XPO | 22.1 | 12.4 | Mar 2026 |
| Universal Logistics Holdings, Inc. ULH | 20.8 | 1.1 | Jun 2026 |
| PAMT CORP PAMT | 16.8 | 0.8 | Mar 2026 |
| Saia, Inc. SAIA | 16.0 | 3.6 | Mar 2026 |
| TFI International Inc. TFII | 10.3 | 3.4 | Mar 2026 |
| Covenant Logistics Group, Inc. CVLG | 10.0 | 1.7 | Mar 2026 |
| ArcBest Corporation ARCB | 9.8 | 1.7 | Mar 2026 |
| Werner Enterprises, Inc. WERN | 8.8 | 1.3 | Mar 2026 |
| Heartland Express, Inc. HTLD | 8.6 | 1.1 | Mar 2026 |
| Schneider National, Inc. SNDR | 7.8 | 1.5 | Mar 2026 |
Full 20-quarter history · every available company
EV/EBITDA · reported quarter history
Showing the 12 largest of 14 companies with a series here. The remaining 2 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
ArcBest Corporation · ARCB
5.7
8.0
4.8
3.5
3.4
3.4
5.0
7.0
8.4
9.2
11.0
8.2
6.6
6.2
5.2
5.6
6.3
7.7
9.8
—
Covenant Logistics Group, Inc. · CVLG
4.6
4.2
3.2
3.4
2.6
3.3
3.4
5.0
6.5
6.9
7.4
7.5
7.3
7.5
6.3
6.9
6.8
9.3
10.0
—
Heartland Express, Inc. · HTLD
5.2
5.6
4.4
3.5
5.2
5.0
4.6
5.7
5.8
5.9
5.9
6.5
6.5
6.7
5.8
6.1
6.0
8.3
8.6
—
Knight-Swift Transportation Holdings Inc. · KNX
7.6
7.8
5.9
5.0
5.1
5.8
6.7
7.9
8.8
11.2
12.0
11.2
12.1
10.7
8.8
8.8
8.9
10.8
12.2
71.8
Marten Transport, Ltd. · MRTN
5.7
6.2
6.0
5.3
5.8
5.8
6.2
6.7
6.6
7.7
7.3
8.1
8.6
8.3
7.5
7.2
5.9
6.6
7.8
82.9
Old Dominion Freight Line, Inc. · ODFL
21.2
24.6
18.7
14.7
13.3
14.7
17.7
20.3
22.7
22.3
23.9
18.8
21.5
19.9
19.0
19.2
16.9
18.9
23.7
—
RXO, Inc. · RXO
—
—
—
—
—
12.1
17.4
27.9
29.2
30.9
36.0
51.0
101.0
145.3
131.0
77.1
53.0
73.7
68.6
—
Saia, Inc. · SAIA
14.7
18.7
12.0
8.3
8.0
8.8
11.5
14.8
17.1
18.0
23.7
18.7
17.2
18.0
14.8
12.3
13.2
15.0
16.0
—
Schneider National, Inc. · SNDR
5.0
5.7
4.9
4.0
3.5
4.2
4.9
5.7
6.5
6.8
6.9
7.8
9.0
9.5
7.3
7.4
6.4
7.8
7.8
—
TFI International Inc. · TFII
9.2
9.0
7.8
6.4
6.0
6.5
7.9
8.6
10.8
11.2
13.0
12.3
11.3
11.1
7.3
8.3
8.4
9.8
10.3
—
Werner Enterprises, Inc. · WERN
6.0
6.2
5.0
4.8
4.7
5.3
6.0
6.2
6.0
7.0
7.0
7.0
8.0
8.1
7.4
6.3
6.6
8.5
8.8
—
XPO, Inc. · XPO
9.8
13.4
10.2
8.5
7.9
8.6
8.6
13.6
15.5
15.9
18.7
15.2
14.7
16.7
14.2
16.0
16.1
16.7
22.1
—
P/BV · reported quarter history
Showing the 12 largest of 14 companies with a series here. The remaining 2 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
ArcBest Corporation · ARCB
2.2
3.2
2.0
1.6
1.6
1.5
1.9
2.0
2.0
2.3
2.7
2.1
2.0
1.7
1.3
1.4
1.2
1.3
1.7
—
Covenant Logistics Group, Inc. · CVLG
1.4
1.3
1.0
1.1
1.1
1.2
1.2
1.5
1.4
1.5
1.5
1.6
1.6
1.7
1.3
1.5
1.3
1.4
1.7
—
Heartland Express, Inc. · HTLD
1.8
1.8
1.5
1.3
1.3
1.4
1.5
1.5
1.4
1.3
1.1
1.2
1.2
1.1
0.9
0.9
0.9
0.9
1.1
—
Knight-Swift Transportation Holdings Inc. · KNX
1.4
1.6
1.3
1.1
1.2
1.2
1.3
1.3
1.1
1.3
1.3
1.2
1.2
1.2
1.0
1.0
0.9
1.2
1.3
1.8
Marten Transport, Ltd. · MRTN
2.1
2.2
2.2
2.1
2.3
2.3
2.4
2.4
2.1
2.3
2.0
2.0
1.9
1.7
1.5
1.4
1.1
1.2
1.4
1.9
Old Dominion Freight Line, Inc. · ODFL
9.6
11.2
9.7
8.1
7.8
8.6
10.0
10.6
11.0
10.4
10.8
9.2
10.2
8.9
8.3
8.1
6.9
7.6
9.2
—
RXO, Inc. · RXO
—
—
—
—
—
3.4
3.9
4.5
3.9
4.6
4.4
5.3
2.7
2.4
2.0
1.6
1.6
1.4
1.6
—
Saia, Inc. · SAIA
5.5
7.3
5.0
3.5
3.3
3.5
4.4
5.2
5.7
6.0
7.7
5.9
5.2
5.2
3.9
3.0
3.2
3.4
3.6
—
Schneider National, Inc. · SNDR
1.8
2.0
1.8
1.5
1.3
1.5
1.6
1.7
1.7
1.5
1.4
1.4
1.7
1.7
1.3
1.4
1.2
1.5
1.5
—
TFI International Inc. · TFII
4.5
4.5
4.3
3.0
3.4
3.5
4.1
3.8
4.2
4.4
5.2
4.7
4.2
4.3
2.5
2.8
2.7
3.2
3.4
—
Werner Enterprises, Inc. · WERN
2.3
2.4
2.0
1.8
1.7
1.8
2.0
1.9
1.6
1.8
1.6
1.5
1.7
1.5
1.3
1.2
1.1
1.3
1.3
—
XPO, Inc. · XPO
5.3
4.6
3.1
1.9
1.7
3.8
3.5
6.1
7.2
8.0
10.7
8.2
7.6
9.6
7.7
8.4
8.3
8.5
12.4
—
09 · let price answer last
Market action
ArcBest Corporation has the strongest one-year price move in Trucking at +113.2%. It also leads on Mansfield relative strength against the S&P 500 at +41.7%. 13 of 14 covered companies are above zero on that measure. Every line covers 314 weekly closes through 2026-07-28.
Every price line is indexed to 100 over the chosen window. Mansfield relative strength compares a price ratio with its own 52-week average; zero separates leadership from lagging.
Price and relative strength
Price is rebased to 100 inside the selected window. Pair ratio rebases each selected company against one chosen denominator.
Before the conclusion · check the blind spots
What can make this comparison misleading?
This Trucking comparison names 4 specific ways its own evidence can mislead, all listed below. All 14 companies here report on comparable dates, so no rank carries a stale marker. A high growth rate can still be a low-base artefact.
Keep these limits visible
- A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
- A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
- The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
- An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
10 · the complete set
Which companies are included?
All 14 companies in the canonical Trucking membership are listed below, largest market value first — nothing is silently dropped, even where a company reports too little to rank. The charts above default to a selective view; this register is the complete set, with each company's own latest reporting date beside it.
AHEAD means the company is beating the index by 5% or more over three months. LAGGING, FUNDAMENTALS UP means it is 20% or more behind over a year while its trailing twelve-month earnings grew 20% or more. Both rules are fixed and applied the same way in every sector.
| Company | Market value | Price | Priced to | Latest fundamentals |
|---|---|---|---|---|
| Old Dominion Freight Line, Inc. ODFLAHEAD21/26 WEEKS | $47.1B | $226 | 2026-07-28 | Mar 2026 |
| XPO, Inc. XPO | $24.0B | $205 | 2026-07-28 | Mar 2026 |
| TFI International Inc. TFII24/26 WEEKS | $12.0B | $146 | 2026-07-28 | Mar 2026 |
| Knight-Swift Transportation Holdings Inc. KNXAHEAD25/26 WEEKS | $11.4B | $70.2 | 2026-07-28 | Jun 2026 |
| Saia, Inc. SAIA21/26 WEEKS | $10.9B | $410 | 2026-07-28 | Mar 2026 |
| Schneider National, Inc. SNDRAHEAD21/26 WEEKS | $6.3B | $36.2 | 2026-07-28 | Mar 2026 |
| RXO, Inc. RXOAHEAD24/26 WEEKS | $3.7B | $22.6 | 2026-07-28 | Mar 2026 |
| ArcBest Corporation ARCBAHEAD26/26 WEEKS | $3.3B | $149 | 2026-07-28 | Mar 2026 |
| Werner Enterprises, Inc. WERNAHEAD20/26 WEEKS | $2.3B | $38.3 | 2026-07-28 | Mar 2026 |
| Marten Transport, Ltd. MRTN25/26 WEEKS | $1.2B | $15.3 | 2026-07-28 | Jun 2026 |
| Covenant Logistics Group, Inc. CVLGAHEAD26/26 WEEKS | $1.1B | $43.4 | 2026-07-28 | Mar 2026 |
| Heartland Express, Inc. HTLD25/26 WEEKS | $1.0B | $13.4 | 2026-07-28 | Mar 2026 |
| Universal Logistics Holdings, Inc. ULH | $393M | $14.9 | 2026-07-28 | Jun 2026 |
| PAMT CORP PAMTAHEAD | $360M | $17.2 | 2026-07-28 | Mar 2026 |
Evidence and freshness
How was this comparison built?
This comparison is built from the reported filings of 14 Trucking companies, normalized to a common $ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Jun 2026 and market data through 2026-07-28. A second data feed fills gaps only after identity and scale reconciliation, and missing observations are never interpolated.
FundamentalsThrough Jun 2026 · up to 20 quarters per company
Market dataThrough 2026-07-28 · weekly price and relative-strength history
Derived metricsGrowth, changes, CAPEX intensity, net debt, guarded PEG and P/BV÷ROE are calculated only when their inputs are comparable.
Score confidenceMissing and stale evidence reduces confidence and pulls the 0–100 research-priority score toward neutral.
Questions investors ask · short, speakable answers
Trucking company comparison FAQs
These 18 answers restate the Trucking comparison above in question form. Every one is computed from the same 14 companies and the same reported filings as the rankings and charts, current through Jun 2026. Price and relative-strength answers run through 2026-07-28. Nothing here is estimated, and none of it is a recommendation.
Which Trucking company is the biggest?
XPO, Inc. is the largest, with trailing-twelve-month revenue of $8,298 million, ahead of TFI International Inc. at $7,870 million. That covers 11 of 14 companies with comparable reporting through Mar 2026.
Which Trucking company is growing fastest?
RXO, Inc. has the fastest revenue growth at 13.1% year on year, across 11 of 14 comparable companies. Fast growth off a small base is not the same as proven scale — check whether the rate holds across several quarters on the chart above before treating it as a trend.
Which Trucking company has the best profit margins?
Old Dominion Freight Line, Inc. has the highest operating margin at 23.8%, from 14 of 14 comparable companies. PAMT CORP shows the biggest recent improvement, at +5.7 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.
Which Trucking company makes the most profit?
Old Dominion Freight Line, Inc. earns the most, at $1,007 million of trailing-twelve-month net profit, from 11 of 14 comparable companies. XPO, Inc. has the fastest profit growth at -10.5%, though growth off a small or recovering profit base overstates how much has actually changed.
Which Trucking company earns the highest return on capital?
Old Dominion Freight Line, Inc. leads on return on capital employed at 6.3%, across 14 of 14 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.
Which Trucking stock is the cheapest?
On guarded PEG — where a LOWER number is cheaper — Covenant Logistics Group, Inc. screens cheapest at 0.25×. Only 6 of 14 companies pass the comparability guard, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.
Which Trucking company has the strongest balance sheet?
Marten Transport, Ltd. carries the lowest comparable gross debt at $0 million, from 14 of 14 companies. Absolute rupee debt alone does not settle it, because company scale differs — net debt and debt-to-equity in the chart above carry more information, and a very low-debt balance sheet can also mean under-investment.
Which Trucking company is investing most in new capacity?
Knight-Swift Transportation Holdings Inc. reports the largest capital spending at $130 million, across 14 of 14 companies. Spending consumes cash before it earns anything, so treat the ranking as a diligence queue: check commissioning, utilisation and the return earned on the completed assets before reading spend as value creation.
Is the Trucking sector beating the market?
Trucking has outperformed S&P 500 by 33% over the last 52 weeks and 6.7% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 13 of 14 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.
Which Trucking stock has the strongest price momentum?
ArcBest Corporation has the strongest relative strength against S&P 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.
Which Trucking company scores highest for research priority?
ArcBest Corporation scores 55.5 out of 100 with 82% evidence confidence, from 12.8 points on growth and earnings, 10 on capital efficiency, 15 on valuation and 17.7 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.
How many Trucking companies does this comparison cover, and over what period?
It compares 14 listed companies over up to 20 reported quarters of fundamentals and 5 fiscal years of capital allocation, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.
What is the total market cap of the Trucking sector?
The 14 Trucking companies on this page carry $125,214 million of combined market value. Old Dominion Freight Line, Inc. is the largest at $47,059 million, about 38% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-07-28.
What is the Trucking sector's P/E ratio?
The median price-to-earnings ratio across the 14 Trucking companies on this page is 64.2×, measured on the 13 that report a comparable figure. A sector-level history for this multiple is not held here, so this is a cross-section of today, not a comparison with the sector’s own past. Figures are as of 2026-07-28.
How is the Trucking sector performing?
13 of the 14 covered Trucking companies are beating S&P 500 on Mansfield relative strength. The sector itself is 33% ahead of S&P 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-07-28.
How many Trucking stocks are listed in the US?
This comparison covers 14 listed Trucking companies in the US, each above the size floor the site applies. The full ranked list is on this page, with reported fundamentals through Jun 2026. Membership is the full industry list — nothing is dropped for having thin data.
Why are some values on this page blank?
A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.
Is this investment advice?
No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.