20-quarter listed-company comparison

Trucking Stocks

Trucking: RXO, Inc. owns the largest revenue base AND the fastest current growth.

01 · the industry itself · before any single company

How has Trucking moved against S&P 500?

The line below covers up to 5.2 years and opens on the 5Y view; the buttons cut it shorter. Over the most recent two of them this industry is 26% behind S&P 500. Earnings across its companies fell 25% on average over the last four reported quarters.

FADING · −4 in 4w⚠Price down, no fundamental support6 of 14 companies ahead of S&P 500 by 5% or more over three months

RS ↑1w · 13/14 >200d (+0) · 6/14 lead (−4) · EPS 1/14↑

Trucking, equal-weighted, based at 200 S&P 500, same base, same start trailing 12-month earnings per share rising falling

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.

02 · sector relative strength, before individual stocks

Is Trucking outperforming S&P 500?

Trucking has outperformed S&P 500 by 29.1% over the last 52 weeks. Over 13 weeks the gap is a lead of 7%. 12 of 14 covered companies currently beat the S&P 500 on Mansfield relative strength, so leadership inside the sector is selective. PAMT CORP is the strongest against the sector itself at +17.7%.

+7.0%Sector vs S&P 500 · 13 weeks

+29.1%Sector vs S&P 500 · 52 weeks

12/14Stocks leading S&P 500

4/14Stocks leading sector

Sector metric: — as of latest available · unclassified · direction unavailable.

The central tension: current leadership is concentrated, so durability matters more than rank.

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 29.1% over 52 weeks and 7% over 13 weeks. 12 of 14 covered companies beat the S&P 500 on Mansfield relative strength, while 4 of 14 beat the sector itself. RXO, Inc. leads with revenue of $5,734 million, based on 3 of 14 comparable companies through Mar 2026.

Companies

complete canonical membership

Combined market value

$122.2B

Old Dominion Freight Line, Inc.

Revenue growing

1/3

positive TTM year-on-year growth

Beating S&P 500

12/14

positive Mansfield relative strength

Comparing 3 of 14

03 · 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%

Old Dominion Freight Line, Inc. has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 55.5% evidence confidence.

Schneider National, Inc. has stronger price confirmation than earnings confirmation; that is a research prompt, not permission to chase.

How this score is built, and what the marks mean

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led S&P 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led S&P 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.

Company	Score	Price stage	Growth & earnings/35	Capital efficiency/25	Valuation/20	Relative strength/20
1Old Dominion Freight Line, Inc.ODFL	59.7/100Thin evidence · provisional56% evidence	TURNING	19.5/35 Revenue — · PAT — · OPM change -0.8 pp 39% evidence	17.9/25 ROCE 9.1% · OPM 23.8% 76% evidence	10.8/20 P/E 41.7× · PEG — 15% evidence	11.5/20 RS sector -4.6% · RS bench 8.9% · 1Y 51.8%4 of 12 weeks ahead 100% evidence
Exact sum: 19.5 + 17.9 + 10.8 + 11.5 = 59.7 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
2Schneider National, Inc.SNDR	57.3/100Thin evidence · provisional56% evidence	LEADER	17.3/35 Revenue — · PAT — · OPM change -0.6 pp 39% evidence	12.1/25 ROCE 1.7% · OPM 2.4% 76% evidence	10.5/20 P/E 57.1× · PEG — 15% evidence	17.4/20 RS sector 1.2% · RS bench 15.7% · 1Y 51.5%12 of 12 weeks ahead 100% evidence
Exact sum: 17.3 + 12.1 + 10.5 + 17.4 = 57.3 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
3XPO, Inc.XPO	51.0/100Thin evidence · provisional56% evidence	ASLEEP	19.9/35 Revenue — · PAT — · OPM change 0.6 pp 39% evidence	14.7/25 ROCE 4.1% · OPM 8.3% 76% evidence	10.2/20 P/E 60.6× · PEG — 15% evidence	6.2/20 RS sector -6.7% · RS bench 6.3% · 1Y 69.1%2 of 12 weeks ahead 100% evidence
Exact sum: 19.9 + 14.7 + 10.2 + 6.2 = 51 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
4TFI International Inc.TFII	48.2/100Thin evidence · provisional56% evidence	FADING	17.9/35 Revenue — · PAT — · OPM change -0.8 pp 39% evidence	14.0/25 ROCE 3.6% · OPM 5% 76% evidence	11.3/20 P/E 35.3× · PEG — 15% evidence	5.0/20 RS sector -7.4% · RS bench 5.5% · 1Y 56.4%9 of 12 weeks ahead 100% evidence
Exact sum: 17.9 + 14 + 11.3 + 5 = 48.2 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
5ArcBest CorporationARCB	46.4/100Thin evidence · provisional56% evidence	LEADER	14.3/35 Revenue — · PAT — · OPM change -0.4 pp 39% evidence	5.7/25 ROCE -1.2% · OPM 0.3% 76% evidence	9.3/20 P/E 208× · PEG — 15% evidence	17.1/20 RS sector 16% · RS bench 30.2% · 1Y 103.5%12 of 12 weeks ahead 100% evidence
Exact sum: 14.3 + 5.7 + 9.3 + 17.1 = 46.4 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
6Knight-Swift Transportation Holdings Inc.KNX	43.8/100Thin evidence · provisional56% evidence	LEADER	13.8/35 Revenue — · PAT — · OPM change -2.2 pp 39% evidence	9.2/25 ROCE 1% · OPM 1.5% 76% evidence	9.0/20 P/E 299.5× · PEG — 15% evidence	11.8/20 RS sector -1.1% · RS bench 12.7% · 1Y 74.2%11 of 12 weeks ahead 100% evidence
Exact sum: 13.8 + 9.2 + 9 + 11.8 = 43.8 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
7Saia, Inc.SAIA	43.5/100Thin evidence · provisional56% evidence	ASLEEP	17.3/35 Revenue — · PAT — · OPM change -0.6 pp 39% evidence	15.2/25 ROCE 3.8% · OPM 8.3% 76% evidence	11.0/20 P/E 40.6× · PEG — 15% evidence	0.0/20 RS sector -18.8% · RS bench -7% · 1Y 31.9%5 of 12 weeks ahead 100% evidence
Exact sum: 17.3 + 15.2 + 11 + 0 = 43.5 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
8RXO, Inc.RXO	42.2/100Thin evidence · provisional51% evidence	FADING	17.5/35 Revenue 13.1% · PAT — · OPM change 0.1 pp 40% evidence	5.6/25 ROCE -1.2% · OPM -2% 57% evidence	8.5/20 P/E 775.3× · PEG — 15% evidence	10.6/20 RS sector -0.8% · RS bench 12.6% · 1Y 51.9%10 of 12 weeks ahead 100% evidence
Exact sum: 17.5 + 5.6 + 8.5 + 10.6 = 42.2 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
9Werner Enterprises, Inc.WERN	39.4/100Thin evidence · provisional56% evidence	FADING	16.1/35 Revenue — · PAT — · OPM change 1.3 pp 39% evidence	7.5/25 ROCE 0.6% · OPM 0.5% 76% evidence	10.0/20 P/E 64.2× · PEG — 15% evidence	5.8/20 RS sector -8.2% · RS bench 5.1% · 1Y 44%9 of 12 weeks ahead 100% evidence
Exact sum: 16.1 + 7.5 + 10 + 5.8 = 39.4 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
10PAMT CORPPAMT	52.4/100Thin evidence · provisional42% evidence	BREAKING OUT	18.2/35 Revenue -15.1% · PAT — · OPM change 5.7 pp 40% evidence	7.2/25 ROCE 0% · OPM -0.2% 57% evidence	10.0/20 P/E — · PEG — 0% evidence	17.0/20 RS sector 17.7% · RS bench 36.1% · 1Y 40.8%11 of 12 weeks ahead 70% evidence
Exact sum: 18.2 + 7.2 + 10 + 17 = 52.4 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
11Covenant Logistics Group, Inc.CVLG	51.1/100Thin evidence · provisional50% evidence	FADING	17.1/35 Revenue — · PAT — · OPM change -0.8 pp 39% evidence	11.8/25 ROCE 2.1% · OPM 2% 76% evidence	8.7/20 P/E 401.6× · PEG — 15% evidence	13.5/20 RS sector 0.5% · RS bench 13.2% · 1Y 56.8%10 of 12 weeks ahead 70% evidence
Exact sum: 17.1 + 11.8 + 8.7 + 13.5 = 51.1 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
12Universal Logistics Holdings, Inc.ULH	45.2/100Thin evidence · provisional50% evidence	TURNING	18.3/35 Revenue — · PAT — · OPM change -3.8 pp 39% evidence	11.4/25 ROCE 2.8% · OPM 1.3% 76% evidence	11.5/20 P/E 11× · PEG — 15% evidence	4.0/20 RS sector -17.9% · RS bench -3.5% · 1Y -16.4%2 of 12 weeks ahead 70% evidence
Exact sum: 18.3 + 11.4 + 11.5 + 4 = 45.2 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
13Heartland Express, Inc.HTLD	42.6/100Thin evidence · provisional45% evidence	FADING	17.3/35 Revenue -23.6% · PAT — · OPM change 4.9 pp 40% evidence	6.5/25 ROCE -0.3% · OPM -1.9% 57% evidence	9.8/20 P/E 75.1× · PEG — 15% evidence	9.0/20 RS sector -6% · RS bench 6.5% · 1Y 66.6%10 of 12 weeks ahead 70% evidence
Exact sum: 17.3 + 6.5 + 9.8 + 9 = 42.6 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
14Marten Transport, Ltd.MRTN	40.0/100Thin evidence · provisional50% evidence	FADING	14.7/35 Revenue — · PAT — · OPM change -1.8 pp 39% evidence	10.2/25 ROCE 0.8% · OPM 0.8% 76% evidence	9.5/20 P/E 102.1× · PEG — 15% evidence	5.6/20 RS sector -10.5% · RS bench 2.1% · 1Y 26.4%10 of 12 weeks ahead 70% evidence
Exact sum: 14.7 + 10.2 + 9.5 + 5.6 = 40 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

Showing 10 of 14 companies

04 · what price has already done

Market action

ArcBest Corporation has the strongest one-year price move in Trucking at +103.5%. PAMT CORP leads on Mansfield relative strength against the S&P 500 at +36.1%. 12 of 14 covered companies are above zero on that measure. Every line covers 314 weekly closes through 2026-08-04.

Price and relative strength

Every company, the sector's own index and S&P 500 all start level on the left edge of the window, so only the distance between the lines counts — the highest line has risen the most since then, and the chart at the top of this page is drawn the same way. It opens on one year; the buttons beside it stretch that to three or five.

05 · compare level, then change

Revenue Scale & Growth Durability

RXO, Inc. has the highest Revenue among the 14 Trucking companies compared here, at $5,734 million. Heartland Express, Inc. is next at $762 million. The same company also holds the highest Revenue growth, at 13.1%. 3 of 14 companies report a comparable reading, the latest through Mar 2026. Its Revenue series carries 18 reported observations across the 20-quarter window.

What the numbers say: RXO, Inc. is the scale leader at $5,734 million, 652.5% ahead of Heartland Express, Inc.. RXO, Inc.'s growth is 13.1% from a $5,734 million base, with 18 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

LeaderRXO, Inc. · $5,734 million

Gap652.5% versus #2 · Heartland Express, Inc.

Persistence5/8 recent comparable periods

Coverage3/14 companies · 250 observations

Investor read: RXO, 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: RXO, 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

1RXO, Inc. RXO · older report$5.7B

2Heartland Express, Inc. HTLD · older report$762M

3PAMT CORP PAMT · older report$584M

Revenue growthfastest growers

1RXO, Inc. RXO · older report13%

2PAMT CORP PAMT · older report-15%

3Heartland Express, Inc. HTLD · older report-24%

Revenue · company comparison

3/14 level · 3/14 change

On every company-comparison chart on this page: solid lines show level, dotted lines show change when “Both” is selected, and a missing report breaks the line rather than being invented.

All-company data · latest reported quarter

In every all-company table on this page, each figure is the company’s latest single reported quarter. The rankings above them 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%	Jun 2026
TFI International Inc. TFII	$1.9B	-0.8%	Jun 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%	Jun 2026
Old Dominion Freight Line, Inc. ODFL	$1.3B	-2.9%	Jun 2026
ArcBest Corporation ARCB	$999M	3.3%	Jun 2026
Werner Enterprises, Inc. WERN	$809M	14%	Jun 2026
Saia, Inc. SAIA	$806M	2.3%	Jun 2026
Universal Logistics Holdings, Inc. ULH	$368M	-6.6%	Sep 2026
Covenant Logistics Group, Inc. CVLG	$307M	14%	Jun 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

Dec 2021$1.2B

Mar 2022$1.3B

Jun 2022$1.3B

Sep 2022$1.3B

Dec 2022$1.2B

Mar 2023$1.1B

Jun 2023$1.1B

Sep 2023$1.1B

Dec 2023$1.1B

Mar 2024$1.0B

Jun 2024$1.1B

Sep 2024$1.1B

Dec 2024$1.0B

Mar 2025$967M

Jun 2025$1.0B

Sep 2025$1.0B

Dec 2025$973M

Mar 2026$999M

Jun 2026—

Sep 2026—

Covenant Logistics Group, Inc. · CVLG

Dec 2021$294M

Mar 2022$292M

Jun 2022$317M

Sep 2022$312M

Dec 2022$296M

Mar 2023$267M

Jun 2023$274M

Sep 2023$289M

Dec 2023$274M

Mar 2024$279M

Jun 2024$287M

Sep 2024$288M

Dec 2024$277M

Mar 2025$269M

Jun 2025$303M

Sep 2025$297M

Dec 2025$295M

Mar 2026$307M

Jun 2026—

Sep 2026—

Heartland Express, Inc. · HTLD

Dec 2021$148M

Mar 2022$151M

Jun 2022$188M

Sep 2022$274M

Dec 2022$355M

Mar 2023$331M

Jun 2023$306M

Sep 2023$295M

Dec 2023$275M

Mar 2024$270M

Jun 2024$275M

Sep 2024$260M

Dec 2024$243M

Mar 2025$219M

Jun 2025$210M

Sep 2025$197M

Dec 2025$179M

Mar 2026$176M

Jun 2026—

Sep 2026—

Knight-Swift Transportation Holdings Inc. · KNX

Dec 2021$1.8B

Mar 2022$1.8B

Jun 2022$2.0B

Sep 2022$1.9B

Dec 2022$1.7B

Mar 2023$1.6B

Jun 2023$1.6B

Sep 2023$2.0B

Dec 2023$1.9B

Mar 2024$1.8B

Jun 2024$1.8B

Sep 2024$1.9B

Dec 2024$1.9B

Mar 2025$1.8B

Jun 2025$1.9B

Sep 2025$1.9B

Dec 2025$1.9B

Mar 2026$1.9B

Jun 2026—

Sep 2026—

Marten Transport, Ltd. · MRTN

Dec 2021$267M

Mar 2022$287M

Jun 2022$330M

Sep 2022$324M

Dec 2022$323M

Mar 2023$298M

Jun 2023$286M

Sep 2023$280M

Dec 2023$268M

Mar 2024$250M

Jun 2024$246M

Sep 2024$237M

Dec 2024$230M

Mar 2025$223M

Jun 2025$230M

Sep 2025$220M

Dec 2025$210M

Mar 2026$204M

Jun 2026—

Sep 2026—

Old Dominion Freight Line, Inc. · ODFL

Dec 2021$1.4B

Mar 2022$1.5B

Jun 2022$1.7B

Sep 2022$1.6B

Dec 2022$1.5B

Mar 2023$1.4B

Jun 2023$1.4B

Sep 2023$1.5B

Dec 2023$1.5B

Mar 2024$1.5B

Jun 2024$1.5B

Sep 2024$1.5B

Dec 2024$1.4B

Mar 2025$1.4B

Jun 2025$1.4B

Sep 2025$1.4B

Dec 2025$1.3B

Mar 2026$1.3B

Jun 2026—

Sep 2026—

RXO, Inc. · RXO

Dec 2021$1.3B

Mar 2022$1.3B

Jun 2022$1.2B

Sep 2022$1.1B

Dec 2022$1.1B

Mar 2023$1.0B

Jun 2023$963M

Sep 2023$976M

Dec 2023$978M

Mar 2024$913M

Jun 2024$930M

Sep 2024$1.0B

Dec 2024$1.7B

Mar 2025$1.4B

Jun 2025$1.4B

Sep 2025$1.4B

Dec 2025$1.5B

Mar 2026$1.4B

Jun 2026—

Sep 2026—

Saia, Inc. · SAIA

Dec 2021$617M

Mar 2022$661M

Jun 2022$746M

Sep 2022$730M

Dec 2022$656M

Mar 2023$661M

Jun 2023$695M

Sep 2023$775M

Dec 2023$751M

Mar 2024$755M

Jun 2024$823M

Sep 2024$842M

Dec 2024$789M

Mar 2025$788M

Jun 2025$817M

Sep 2025$840M

Dec 2025$790M

Mar 2026$806M

Jun 2026—

Sep 2026—

Schneider National, Inc. · SNDR

Dec 2021$1.6B

Mar 2022$1.6B

Jun 2022$1.7B

Sep 2022$1.7B

Dec 2022$1.6B

Mar 2023$1.4B

Jun 2023$1.3B

Sep 2023$1.4B

Dec 2023$1.4B

Mar 2024$1.3B

Jun 2024$1.3B

Sep 2024$1.3B

Dec 2024$1.3B

Mar 2025$1.4B

Jun 2025$1.4B

Sep 2025$1.5B

Dec 2025$1.4B

Mar 2026$1.4B

Jun 2026—

Sep 2026—

TFI International Inc. · TFII

Dec 2021$2.1B

Mar 2022$2.2B

Jun 2022$2.4B

Sep 2022$2.2B

Dec 2022$2.0B

Mar 2023$1.9B

Jun 2023$1.8B

Sep 2023$1.9B

Dec 2023$2.0B

Mar 2024$1.9B

Jun 2024$2.3B

Sep 2024$2.2B

Dec 2024$2.1B

Mar 2025$2.0B

Jun 2025$2.0B

Sep 2025$2.0B

Dec 2025$1.9B

Mar 2026$1.9B

Jun 2026—

Sep 2026—

Werner Enterprises, Inc. · WERN

Dec 2021$765M

Mar 2022$765M

Jun 2022$836M

Sep 2022$828M

Dec 2022$861M

Mar 2023$833M

Jun 2023$811M

Sep 2023$818M

Dec 2023$822M

Mar 2024$769M

Jun 2024$761M

Sep 2024$746M

Dec 2024$755M

Mar 2025$712M

Jun 2025$753M

Sep 2025$771M

Dec 2025$738M

Mar 2026$809M

Jun 2026—

Sep 2026—

XPO, Inc. · XPO

Dec 2021$1.8B

Mar 2022$1.9B

Jun 2022$2.0B

Sep 2022$1.9B

Dec 2022$1.8B

Mar 2023$1.9B

Jun 2023$1.9B

Sep 2023$2.0B

Dec 2023$1.9B

Mar 2024$2.0B

Jun 2024$2.1B

Sep 2024$2.1B

Dec 2024$1.9B

Mar 2025$2.0B

Jun 2025$2.1B

Sep 2025$2.1B

Dec 2025$2.0B

Mar 2026$2.1B

Jun 2026—

Sep 2026—

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

Dec 2021—

Mar 2022—

Jun 202239%

Sep 202225%

Dec 2022-1.8%

Mar 2023-13%

Jun 2023-17%

Sep 2023-12%

Dec 2023-6.4%

Mar 2024-6.3%

Jun 2024-2.3%

Sep 2024-5.8%

Dec 2024-8.1%

Mar 2025-6.7%

Jun 2025-5.2%

Sep 2025-1.4%

Dec 2025-2.9%

Mar 20263.3%

Jun 2026—

Sep 2026—

Covenant Logistics Group, Inc. · CVLG

Dec 2021—

Mar 2022—

Jun 202224%

Sep 202213%

Dec 20220.7%

Mar 2023-8.6%

Jun 2023-14%

Sep 2023-7.4%

Dec 2023-7.4%

Mar 20244.5%

Jun 20244.7%

Sep 2024-0.4%

Dec 20241.1%

Mar 2025-3.6%

Jun 20255.6%

Sep 20253.1%

Dec 20256.5%

Mar 202614%

Jun 2026—

Sep 2026—

Heartland Express, Inc. · HTLD

Dec 2021—

Mar 2022—

Jun 202222%

Sep 202279%

Dec 2022140%

Mar 2023119%

Jun 202363%

Sep 20237.7%

Dec 2023-23%

Mar 2024-18%

Jun 2024-10%

Sep 2024-12%

Dec 2024-12%

Mar 2025-19%

Jun 2025-24%

Sep 2025-24%

Dec 2025-26%

Mar 2026-20%

Jun 2026—

Sep 2026—

Knight-Swift Transportation Holdings Inc. · KNX

Dec 2021—

Mar 2022—

Jun 202249%

Sep 202216%

Dec 2022-4.0%

Mar 2023-10%

Jun 2023-21%

Sep 20236.5%

Dec 202311%

Mar 202411%

Jun 202419%

Sep 2024-7.1%

Dec 2024-3.5%

Mar 20250.1%

Jun 20250.8%

Sep 20252.7%

Dec 2025-0.4%

Mar 20261.4%

Jun 2026—

Sep 2026—

Marten Transport, Ltd. · MRTN

Dec 2021—

Mar 2022—

Jun 202242%

Sep 202229%

Dec 202221%

Mar 20233.8%

Jun 2023-13%

Sep 2023-14%

Dec 2023-17%

Mar 2024-16%

Jun 2024-14%

Sep 2024-15%

Dec 2024-14%

Mar 2025-11%

Jun 2025-6.5%

Sep 2025-7.2%

Dec 2025-8.7%

Mar 2026-8.5%

Jun 2026—

Sep 2026—

Old Dominion Freight Line, Inc. · ODFL

Dec 2021—

Mar 2022—

Jun 202226%

Sep 202215%

Dec 20225.8%

Mar 2023-3.7%

Jun 2023-15%

Sep 2023-5.6%

Dec 20230.3%

Mar 20241.3%

Jun 20246.1%

Sep 2024-3.0%

Dec 2024-7.4%

Mar 2025-5.8%

Jun 2025-6.1%

Sep 2025-4.3%

Dec 2025-5.7%

Mar 2026-2.9%

Jun 2026—

Sep 2026—

RXO, Inc. · RXO

Dec 2021—

Mar 2022—

Jun 202212%

Sep 2022-5.0%

Dec 2022-16%

Mar 2023-23%

Jun 2023-21%

Sep 2023-14%

Dec 2023-13%

Mar 2024-9.6%

Jun 2024-3.4%

Sep 20246.6%

Dec 202470%

Mar 202557%

Jun 202553%

Sep 202537%

Dec 2025-12%

Mar 2026-0.6%

Jun 2026—

Sep 2026—

Saia, Inc. · SAIA

Dec 2021—

Mar 2022—

Jun 202231%

Sep 202219%

Dec 20226.3%

Mar 20230.0%

Jun 2023-6.8%

Sep 20236.2%

Dec 202314%

Mar 202414%

Jun 202418%

Sep 20248.7%

Dec 20245.1%

Mar 20254.4%

Jun 2025-0.7%

Sep 2025-0.2%

Dec 20250.1%

Mar 20262.3%

Jun 2026—

Sep 2026—

Schneider National, Inc. · SNDR

Dec 2021—

Mar 2022—

Jun 202228%

Sep 202216%

Dec 2022-0.8%

Mar 2023-12%

Jun 2023-23%

Sep 2023-19%

Dec 2023-12%

Mar 2024-7.7%

Jun 2024-2.2%

Sep 2024-2.7%

Dec 2024-2.4%

Mar 20256.3%

Jun 20257.9%

Sep 202510%

Dec 20254.6%

Mar 2026-0.2%

Jun 2026—

Sep 2026—

TFI International Inc. · TFII

Dec 2021—

Mar 2022—

Jun 202232%

Sep 20227.1%

Dec 2022-8.6%

Mar 2023-16%

Jun 2023-26%

Sep 2023-15%

Dec 20230.6%

Mar 20241.1%

Jun 202426%

Sep 202414%

Dec 20245.5%

Mar 20255.0%

Jun 2025-10%

Sep 2025-9.9%

Dec 2025-7.9%

Mar 2026-0.8%

Jun 2026—

Sep 2026—

Werner Enterprises, Inc. · WERN

Dec 2021—

Mar 2022—

Jun 202229%

Sep 202218%

Dec 202213%

Mar 20238.9%

Jun 2023-3.0%

Sep 2023-1.2%

Dec 2023-4.5%

Mar 2024-7.7%

Jun 2024-6.2%

Sep 2024-8.8%

Dec 2024-8.2%

Mar 2025-7.4%

Jun 2025-1.1%

Sep 20253.4%

Dec 2025-2.3%

Mar 202614%

Jun 2026—

Sep 2026—

XPO, Inc. · XPO

Dec 2021—

Mar 2022—

Jun 2022-36%

Sep 2022-40%

Dec 20220.0%

Mar 20230.7%

Jun 2023-6.4%

Sep 20231.8%

Dec 20236.0%

Mar 20245.8%

Jun 20248.5%

Sep 20243.7%

Dec 2024-0.9%

Mar 2025-3.2%

Jun 20250.1%

Sep 20252.8%

Dec 20254.6%

Mar 20267.3%

Jun 2026—

Sep 2026—

06 · 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 Jun 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 · 250 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 · older report+5.7 pp

2Heartland Express, Inc. HTLD · older report+4.9 pp

3Werner Enterprises, Inc. WERN+1.3 pp

4XPO, Inc. XPO+0.6 pp

5RXO, Inc. RXO · older report+0.1 pp

Operating margin · company comparison

14/14 level · 14/14 change

All-company data · latest reported quarter

Company	OPM	Margin change	Reported
Old Dominion Freight Line, Inc. ODFL	24%	−0.8 pp	Jun 2026
XPO, Inc. XPO	8.3%	+0.6 pp	Jun 2026
Saia, Inc. SAIA	8.3%	−0.6 pp	Jun 2026
TFI International Inc. TFII	5.0%	−0.8 pp	Jun 2026
Schneider National, Inc. SNDR	2.4%	−0.6 pp	Jun 2026
Covenant Logistics Group, Inc. CVLG	2.0%	−0.8 pp	Jun 2026
Knight-Swift Transportation Holdings Inc. KNX	1.5%	−2.2 pp	Jun 2026
Universal Logistics Holdings, Inc. ULH	1.3%	−3.8 pp	Sep 2026
Marten Transport, Ltd. MRTN	0.8%	−1.8 pp	Jun 2026
Werner Enterprises, Inc. WERN	0.5%	+1.3 pp	Jun 2026
ArcBest Corporation ARCB	0.3%	−0.4 pp	Jun 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

Dec 20217.0%

Mar 20227.3%

Jun 202210%

Sep 20229.0%

Dec 20224.3%

Mar 20231.9%

Jun 20233.8%

Sep 20234.0%

Dec 20235.9%

Mar 20242.2%

Jun 20244.5%

Sep 202413%

Dec 20243.8%

Mar 20250.7%

Jun 20253.6%

Sep 20255.2%

Dec 2025-0.8%

Mar 20260.3%

Jun 2026—

Sep 2026—

Covenant Logistics Group, Inc. · CVLG

Dec 20216.2%

Mar 20228.2%

Jun 20228.5%

Sep 202219%

Dec 20223.7%

Mar 20236.6%

Jun 20234.3%

Sep 20235.2%

Dec 20235.2%

Mar 20241.6%

Jun 20245.4%

Sep 20245.6%

Dec 20243.1%

Mar 20252.8%

Jun 20253.8%

Sep 20252.7%

Dec 2025-8.2%

Mar 20262.0%

Jun 2026—

Sep 2026—

Heartland Express, Inc. · HTLD

Dec 202118%

Mar 202215%

Jun 202256%

Sep 202213%

Dec 20227.4%

Mar 20236.9%

Jun 20235.3%

Sep 2023-2.5%

Dec 20233.9%

Mar 2024-5.3%

Jun 20240.1%

Sep 2024-2.7%

Dec 20240.4%

Mar 2025-6.8%

Jun 2025-5.9%

Sep 2025-3.7%

Dec 2025-13%

Mar 2026-1.9%

Jun 2026—

Sep 2026—

Knight-Swift Transportation Holdings Inc. · KNX

Dec 202119%

Mar 202216%

Jun 202217%

Sep 202214%

Dec 202212%

Mar 20238.8%

Jun 20236.1%

Sep 20234.0%

Dec 20230.9%

Mar 20241.1%

Jun 20243.4%

Sep 20244.3%

Dec 20244.2%

Mar 20253.7%

Jun 20253.9%

Sep 20252.6%

Dec 20251.4%

Mar 20261.5%

Jun 2026—

Sep 2026—

Marten Transport, Ltd. · MRTN

Dec 202112%

Mar 202213%

Jun 202212%

Sep 202210%

Dec 202210%

Mar 20239.7%

Jun 20239.9%

Sep 20236.2%

Dec 20235.8%

Mar 20244.9%

Jun 20244.1%

Sep 20241.8%

Dec 20242.9%

Mar 20252.6%

Jun 20254.2%

Sep 20251.2%

Dec 20252.2%

Mar 20260.8%

Jun 2026—

Sep 2026—

Old Dominion Freight Line, Inc. · ODFL

Dec 202126%

Mar 202227%

Jun 202231%

Sep 202231%

Dec 202229%

Mar 202327%

Jun 202328%

Sep 202329%

Dec 202328%

Mar 202427%

Jun 202428%

Sep 202427%

Dec 202424%

Mar 202525%

Jun 202525%

Sep 202526%

Dec 202523%

Mar 202624%

Jun 2026—

Sep 2026—

RXO, Inc. · RXO

Dec 20214.1%

Mar 20223.9%

Jun 20224.7%

Sep 20221.3%

Dec 2022-0.1%

Mar 20230.5%

Jun 20231.5%

Sep 20230.6%

Dec 20231.4%

Mar 2024-1.3%

Jun 20240.0%

Sep 2024-1.9%

Dec 2024-1.4%

Mar 2025-2.1%

Jun 20250.0%

Sep 2025-0.5%

Dec 2025-2.0%

Mar 2026-2.0%

Jun 2026—

Sep 2026—

Saia, Inc. · SAIA

Dec 202116%

Mar 202216%

Jun 202220%

Sep 202218%

Dec 202214%

Mar 202315%

Jun 202317%

Sep 202317%

Dec 202315%

Mar 202416%

Jun 202417%

Sep 202415%

Dec 202413%

Mar 20258.9%

Jun 202512%

Sep 202514%

Dec 20258.1%

Mar 20268.3%

Jun 2026—

Sep 2026—

Schneider National, Inc. · SNDR

Dec 202111%

Mar 20228.3%

Jun 202210%

Sep 20228.7%

Dec 20229.2%

Mar 20238.0%

Jun 20237.7%

Sep 20233.5%

Dec 20232.3%

Mar 20242.2%

Jun 20243.9%

Sep 20243.3%

Dec 20243.2%

Mar 20253.0%

Jun 20253.9%

Sep 20252.4%

Dec 20252.6%

Mar 20262.4%

Jun 2026—

Sep 2026—

TFI International Inc. · TFII

Dec 202110%

Mar 202210%

Jun 202216%

Sep 202214%

Dec 202211%

Mar 20239.0%

Jun 202311%

Sep 202311%

Dec 202310%

Mar 20248.1%

Jun 20249.1%

Sep 20249.2%

Dec 20247.7%

Mar 20255.8%

Jun 20258.4%

Sep 20257.8%

Dec 20256.6%

Mar 20265.0%

Jun 2026—

Sep 2026—

Werner Enterprises, Inc. · WERN

Dec 202113%

Mar 202211%

Jun 20229.0%

Sep 20229.2%

Dec 202210%

Mar 20236.4%

Jun 20235.8%

Sep 20234.6%

Dec 20234.6%

Mar 20242.0%

Jun 20242.6%

Sep 20242.4%

Dec 20241.8%

Mar 2025-0.8%

Jun 20258.8%

Sep 2025-1.7%

Dec 2025-4.9%

Mar 20260.5%

Jun 2026—

Sep 2026—

XPO, Inc. · XPO

Dec 20210.2%

Mar 20223.3%

Jun 20228.4%

Sep 20227.1%

Dec 20220.2%

Mar 20233.0%

Jun 20235.6%

Sep 20237.8%

Dec 20236.1%

Mar 20246.8%

Jun 20249.5%

Sep 20248.6%

Dec 20247.8%

Mar 20257.7%

Jun 20259.5%

Sep 20257.8%

Dec 20257.1%

Mar 20268.3%

Jun 2026—

Sep 2026—

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

Dec 2021—

Mar 2022—

Jun 2022+2.5 pp

Sep 2022+0.4 pp

Dec 2022−2.7 pp

Mar 2023−5.4 pp

Jun 2023−6.5 pp

Sep 2023−5.0 pp

Dec 2023+1.6 pp

Mar 2024+0.3 pp

Jun 2024+0.7 pp

Sep 2024+8.7 pp

Dec 2024−2.1 pp

Mar 2025−1.5 pp

Jun 2025−0.9 pp

Sep 2025−7.5 pp

Dec 2025−4.6 pp

Mar 2026−0.4 pp

Jun 2026—

Sep 2026—

Covenant Logistics Group, Inc. · CVLG

Dec 2021—

Mar 2022—

Jun 2022+1.3 pp

Sep 2022+11.6 pp

Dec 2022−2.5 pp

Mar 2023−1.6 pp

Jun 2023−4.2 pp

Sep 2023−13.7 pp

Dec 2023+1.5 pp

Mar 2024−5.0 pp

Jun 2024+1.1 pp

Sep 2024+0.4 pp

Dec 2024−2.1 pp

Mar 2025+1.2 pp

Jun 2025−1.6 pp

Sep 2025−2.9 pp

Dec 2025−11.3 pp

Mar 2026−0.8 pp

Jun 2026—

Sep 2026—

Heartland Express, Inc. · HTLD

Dec 2021—

Mar 2022—

Jun 2022+38.2 pp

Sep 2022−9.1 pp

Dec 2022−10.5 pp

Mar 2023−7.9 pp

Jun 2023−50.6 pp

Sep 2023−15.2 pp

Dec 2023−3.5 pp

Mar 2024−12.2 pp

Jun 2024−5.2 pp

Sep 2024−0.2 pp

Dec 2024−3.5 pp

Mar 2025−1.5 pp

Jun 2025−6.0 pp

Sep 2025−1.0 pp

Dec 2025−13.1 pp

Mar 2026+4.9 pp

Jun 2026—

Sep 2026—

Knight-Swift Transportation Holdings Inc. · KNX

Dec 2021—

Mar 2022—

Jun 2022+2.1 pp

Sep 2022−2.4 pp

Dec 2022−7.2 pp

Mar 2023−7.5 pp

Jun 2023−10.5 pp

Sep 2023−10.0 pp

Dec 2023−10.7 pp

Mar 2024−7.7 pp

Jun 2024−2.7 pp

Sep 2024+0.3 pp

Dec 2024+3.3 pp

Mar 2025+2.6 pp

Jun 2025+0.5 pp

Sep 2025−1.7 pp

Dec 2025−2.8 pp

Mar 2026−2.2 pp

Jun 2026—

Sep 2026—

Marten Transport, Ltd. · MRTN

Dec 2021—

Mar 2022—

Jun 2022+0.1 pp

Sep 2022−0.9 pp

Dec 2022−1.3 pp

Mar 2023−2.8 pp

Jun 2023−2.5 pp

Sep 2023−4.2 pp

Dec 2023−4.4 pp

Mar 2024−4.8 pp

Jun 2024−5.8 pp

Sep 2024−4.4 pp

Dec 2024−2.9 pp

Mar 2025−2.3 pp

Jun 2025+0.1 pp

Sep 2025−0.6 pp

Dec 2025−0.7 pp

Mar 2026−1.8 pp

Jun 2026—

Sep 2026—

Old Dominion Freight Line, Inc. · ODFL

Dec 2021—

Mar 2022—

Jun 2022+2.8 pp

Sep 2022+3.5 pp

Dec 2022+2.4 pp

Mar 2023−0.5 pp

Jun 2023−2.8 pp

Sep 2023−1.5 pp

Dec 2023−0.6 pp

Mar 2024−0.1 pp

Jun 2024+0.4 pp

Sep 2024−2.1 pp

Dec 2024−4.1 pp

Mar 2025−1.9 pp

Jun 2025−2.7 pp

Sep 2025−1.6 pp

Dec 2025−0.8 pp

Mar 2026−0.8 pp

Jun 2026—

Sep 2026—

RXO, Inc. · RXO

Dec 2021—

Mar 2022—

Jun 2022+0.4 pp

Sep 2022−1.9 pp

Dec 2022−4.2 pp

Mar 2023−3.4 pp

Jun 2023−3.2 pp

Sep 2023−0.7 pp

Dec 2023+1.5 pp

Mar 2024−1.8 pp

Jun 2024−1.5 pp

Sep 2024−2.5 pp

Dec 2024−2.8 pp

Mar 2025−0.8 pp

Jun 20250.0 pp

Sep 2025+1.4 pp

Dec 2025−0.6 pp

Mar 2026+0.1 pp

Jun 2026—

Sep 2026—

Saia, Inc. · SAIA

Dec 2021—

Mar 2022—

Jun 2022+5.1 pp

Sep 2022+0.4 pp

Dec 2022−1.7 pp

Mar 2023−0.6 pp

Jun 2023−2.3 pp

Sep 2023−1.0 pp

Dec 2023+0.9 pp

Mar 2024+0.6 pp

Jun 2024−0.6 pp

Sep 2024−1.7 pp

Dec 2024−2.1 pp

Mar 2025−6.7 pp

Jun 2025−4.5 pp

Sep 2025−0.8 pp

Dec 2025−4.8 pp

Mar 2026−0.6 pp

Jun 2026—

Sep 2026—

Schneider National, Inc. · SNDR

Dec 2021—

Mar 2022—

Jun 2022+0.9 pp

Sep 2022−1.9 pp

Dec 2022−2.1 pp

Mar 2023−0.3 pp

Jun 2023−2.4 pp

Sep 2023−5.2 pp

Dec 2023−6.9 pp

Mar 2024−5.8 pp

Jun 2024−3.8 pp

Sep 2024−0.2 pp

Dec 2024+0.9 pp

Mar 2025+0.8 pp

Jun 20250.0 pp

Sep 2025−0.9 pp

Dec 2025−0.6 pp

Mar 2026−0.6 pp

Jun 2026—

Sep 2026—

TFI International Inc. · TFII

Dec 2021—

Mar 2022—

Jun 2022−9.5 pp

Sep 2022+5.1 pp

Dec 2022+1.1 pp

Mar 2023−1.0 pp

Jun 2023−5.4 pp

Sep 2023−3.7 pp

Dec 2023−1.0 pp

Mar 2024−0.9 pp

Jun 2024−1.6 pp

Sep 2024−1.3 pp

Dec 2024−2.4 pp

Mar 2025−2.3 pp

Jun 2025−0.7 pp

Sep 2025−1.4 pp

Dec 2025−1.1 pp

Mar 2026−0.8 pp

Jun 2026—

Sep 2026—

Werner Enterprises, Inc. · WERN

Dec 2021—

Mar 2022—

Jun 2022−2.8 pp

Sep 2022−0.9 pp

Dec 2022−2.6 pp

Mar 2023−4.5 pp

Jun 2023−3.2 pp

Sep 2023−4.6 pp

Dec 2023−5.7 pp

Mar 2024−4.4 pp

Jun 2024−3.2 pp

Sep 2024−2.2 pp

Dec 2024−2.8 pp

Mar 2025−2.8 pp

Jun 2025+6.2 pp

Sep 2025−4.1 pp

Dec 2025−6.7 pp

Mar 2026+1.3 pp

Jun 2026—

Sep 2026—

XPO, Inc. · XPO

Dec 2021—

Mar 2022—

Jun 2022+2.4 pp

Sep 2022+3.7 pp

Dec 20220.0 pp

Mar 2023−0.3 pp

Jun 2023−2.8 pp

Sep 2023+0.7 pp

Dec 2023+5.9 pp

Mar 2024+3.8 pp

Jun 2024+3.9 pp

Sep 2024+0.8 pp

Dec 2024+1.7 pp

Mar 2025+0.9 pp

Jun 20250.0 pp

Sep 2025−0.8 pp

Dec 2025−0.7 pp

Mar 2026+0.6 pp

Jun 2026—

Sep 2026—

07 · compare level, then change

Profit Scale & Acceleration

Heartland Express, Inc. has the highest Net profit among the 14 Trucking companies compared here, at $43 million net cash. PAMT CORP is next at $45 million net cash. 3 of 14 companies report a comparable reading, the latest through Mar 2026. Its Net profit series carries 18 reported observations across the 20-quarter window.

What the numbers say: Heartland Express, Inc. leads net profit at $43 million net cash; the second comparison lacks enough current evidence.

LeaderHeartland Express, Inc. · $43 million net cash

Gap4.4% versus #2 · PAMT CORP

Persistence0/8 recent comparable periods

Coverage3/14 companies · 250 observations

Investor read: Heartland Express, 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

1Heartland Express, Inc. HTLD · older report$-43M

2PAMT CORP PAMT · older report$-45M

3RXO, Inc. RXO · older report$-93M

Profit growthfastest growers

—Not enough comparable data—

Net profit · company comparison

3/14 level · 0/14 change

All-company data · latest reported quarter

Company	Net profit	Profit growth	Reported
Old Dominion Freight Line, Inc. ODFL	$238M	-6.7%	Jun 2026
XPO, Inc. XPO	$101M	46%	Jun 2026
Saia, Inc. SAIA	$50M	0.0%	Jun 2026
TFI International Inc. TFII	$43M	-23%	Jun 2026
Schneider National, Inc. SNDR	$20M	-23%	Jun 2026
Covenant Logistics Group, Inc. CVLG	$4M	-43%	Jun 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%	Jun 2026
Werner Enterprises, Inc. WERN	$-4M	-392%	Jun 2026
Universal Logistics Holdings, Inc. ULH	$-4M	-150%	Sep 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

Dec 2021$62M

Mar 2022$68M

Jun 2022$102M

Sep 2022$89M

Dec 2022$36M

Mar 2023$19M

Jun 2023$40M

Sep 2023$35M

Dec 2023$49M

Mar 2024$-3M

Jun 2024$47M

Sep 2024$100M

Dec 2024$29M

Mar 2025$3M

Jun 2025$26M

Sep 2025$39M

Dec 2025$-8M

Mar 2026$-1M

Jun 2026—

Sep 2026—

Covenant Logistics Group, Inc. · CVLG

Dec 2021$39M

Mar 2022$22M

Jun 2022$25M

Sep 2022$50M

Dec 2022$46M

Mar 2023$16M

Jun 2023$12M

Sep 2023$13M

Dec 2023$30M

Mar 2024$4M

Jun 2024$12M

Sep 2024$13M

Dec 2024$17M

Mar 2025$7M

Jun 2025$10M

Sep 2025$6M

Dec 2025$-18M

Mar 2026$4M

Jun 2026—

Sep 2026—

Heartland Express, Inc. · HTLD

Dec 2021$20M

Mar 2022$17M

Jun 2022$77M

Sep 2022$24M

Dec 2022$15M

Mar 2023$13M

Jun 2023$8M

Sep 2023$-11M

Dec 2023$5M

Mar 2024$-15M

Jun 2024$-3M

Sep 2024$-9M

Dec 2024$-2M

Mar 2025$-14M

Jun 2025$-11M

Sep 2025$-8M

Dec 2025$-19M

Mar 2026$-5M

Jun 2026—

Sep 2026—

Knight-Swift Transportation Holdings Inc. · KNX

Dec 2021$255M

Mar 2022$208M

Jun 2022$219M

Sep 2022$195M

Dec 2022$149M

Mar 2023$104M

Jun 2023$63M

Sep 2023$60M

Dec 2023$-11M

Mar 2024$-3M

Jun 2024$20M

Sep 2024$30M

Dec 2024$69M

Mar 2025$30M

Jun 2025$34M

Sep 2025$8M

Dec 2025$-7M

Mar 2026$-1M

Jun 2026—

Sep 2026—

Marten Transport, Ltd. · MRTN

Dec 2021$25M

Mar 2022$28M

Jun 2022$32M

Sep 2022$26M

Dec 2022$26M

Mar 2023$23M

Jun 2023$22M

Sep 2023$14M

Dec 2023$12M

Mar 2024$10M

Jun 2024$8M

Sep 2024$4M

Dec 2024$6M

Mar 2025$4M

Jun 2025$7M

Sep 2025$2M

Dec 2025$4M

Mar 2026$1M

Jun 2026—

Sep 2026—

Old Dominion Freight Line, Inc. · ODFL

Dec 2021$279M

Mar 2022$300M

Jun 2022$376M

Sep 2022$377M

Dec 2022$324M

Mar 2023$285M

Jun 2023$292M

Sep 2023$339M

Dec 2023$323M

Mar 2024$292M

Jun 2024$322M

Sep 2024$309M

Dec 2024$263M

Mar 2025$255M

Jun 2025$269M

Sep 2025$271M

Dec 2025$229M

Mar 2026$238M

Jun 2026—

Sep 2026—

RXO, Inc. · RXO

Dec 2021$42M

Mar 2022$39M

Jun 2022$44M

Sep 2022$13M

Dec 2022$-4M

Mar 2023$0M

Jun 2023$3M

Sep 2023$-1M

Dec 2023$2M

Mar 2024$-15M

Jun 2024$-7M

Sep 2024$-243M

Dec 2024$-25M

Mar 2025$-31M

Jun 2025$-9M

Sep 2025$-14M

Dec 2025$-34M

Mar 2026$-36M

Jun 2026—

Sep 2026—

Saia, Inc. · SAIA

Dec 2021$74M

Mar 2022$79M

Jun 2022$109M

Sep 2022$98M

Dec 2022$71M

Mar 2023$76M

Jun 2023$91M

Sep 2023$98M

Dec 2023$89M

Mar 2024$91M

Jun 2024$103M

Sep 2024$93M

Dec 2024$76M

Mar 2025$50M

Jun 2025$71M

Sep 2025$86M

Dec 2025$48M

Mar 2026$50M

Jun 2026—

Sep 2026—

Schneider National, Inc. · SNDR

Dec 2021$134M

Mar 2022$92M

Jun 2022$130M

Sep 2022$126M

Dec 2022$110M

Mar 2023$98M

Jun 2023$78M

Sep 2023$36M

Dec 2023$27M

Mar 2024$19M

Jun 2024$35M

Sep 2024$31M

Dec 2024$33M

Mar 2025$26M

Jun 2025$36M

Sep 2025$19M

Dec 2025$22M

Mar 2026$20M

Jun 2026—

Sep 2026—

TFI International Inc. · TFII

Dec 2021$144M

Mar 2022$148M

Jun 2022$277M

Sep 2022$245M

Dec 2022$153M

Mar 2023$112M

Jun 2023$128M

Sep 2023$133M

Dec 2023$131M

Mar 2024$93M

Jun 2024$116M

Sep 2024$126M

Dec 2024$88M

Mar 2025$56M

Jun 2025$98M

Sep 2025$85M

Dec 2025$72M

Mar 2026$43M

Jun 2026—

Sep 2026—

Werner Enterprises, Inc. · WERN

Dec 2021$78M

Mar 2022$55M

Jun 2022$74M

Sep 2022$56M

Dec 2022$61M

Mar 2023$36M

Jun 2023$30M

Sep 2023$24M

Dec 2023$23M

Mar 2024$6M

Jun 2024$9M

Sep 2024$7M

Dec 2024$12M

Mar 2025$-10M

Jun 2025$44M

Sep 2025$-21M

Dec 2025$-35M

Mar 2026$-4M

Jun 2026—

Sep 2026—

XPO, Inc. · XPO

Dec 2021$-36M

Mar 2022$32M

Jun 2022$96M

Sep 2022$92M

Dec 2022$-36M

Mar 2023$17M

Jun 2023$31M

Sep 2023$86M

Dec 2023$58M

Mar 2024$67M

Jun 2024$150M

Sep 2024$95M

Dec 2024$75M

Mar 2025$69M

Jun 2025$106M

Sep 2025$82M

Dec 2025$59M

Mar 2026$101M

Jun 2026—

Sep 2026—

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

Dec 2021—

Mar 2022—

Jun 202267%

Sep 202239%

Dec 2022-42%

Mar 2023-72%

Jun 2023-61%

Sep 2023-61%

Dec 202336%

Mar 2024-116%

Jun 202418%

Sep 2024186%

Dec 2024-41%

Mar 2025—

Jun 2025-45%

Sep 2025-61%

Dec 2025-128%

Mar 2026-133%

Jun 2026—

Sep 2026—

Covenant Logistics Group, Inc. · CVLG

Dec 2021—

Mar 2022—

Jun 202267%

Sep 2022213%

Dec 202218%

Mar 2023-27%

Jun 2023-52%

Sep 2023-74%

Dec 2023-35%

Mar 2024-75%

Jun 20240.0%

Sep 20240.0%

Dec 2024-43%

Mar 202575%

Jun 2025-17%

Sep 2025-54%

Dec 2025-206%

Mar 2026-43%

Jun 2026—

Sep 2026—

Heartland Express, Inc. · HTLD

Dec 2021—

Mar 2022—

Jun 2022267%

Sep 20220.0%

Dec 2022-25%

Mar 2023-24%

Jun 2023-90%

Sep 2023-146%

Dec 2023-67%

Mar 2024-215%

Jun 2024-138%

Sep 2024—

Dec 2024-140%

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026—

Jun 2026—

Sep 2026—

Knight-Swift Transportation Holdings Inc. · KNX

Dec 2021—

Mar 2022—

Jun 202243%

Sep 2022-5.3%

Dec 2022-42%

Mar 2023-50%

Jun 2023-71%

Sep 2023-69%

Dec 2023-107%

Mar 2024-103%

Jun 2024-68%

Sep 2024-50%

Dec 2024—

Mar 2025—

Jun 202570%

Sep 2025-73%

Dec 2025-110%

Mar 2026-103%

Jun 2026—

Sep 2026—

Marten Transport, Ltd. · MRTN

Dec 2021—

Mar 2022—

Jun 202252%

Sep 202224%

Dec 20224.0%

Mar 2023-18%

Jun 2023-31%

Sep 2023-46%

Dec 2023-54%

Mar 2024-57%

Jun 2024-64%

Sep 2024-71%

Dec 2024-50%

Mar 2025-60%

Jun 2025-13%

Sep 2025-50%

Dec 2025-33%

Mar 2026-75%

Jun 2026—

Sep 2026—

Old Dominion Freight Line, Inc. · ODFL

Dec 2021—

Mar 2022—

Jun 202239%

Sep 202231%

Dec 202216%

Mar 2023-5.0%

Jun 2023-22%

Sep 2023-10%

Dec 2023-0.3%

Mar 20242.5%

Jun 202410%

Sep 2024-8.9%

Dec 2024-19%

Mar 2025-13%

Jun 2025-16%

Sep 2025-12%

Dec 2025-13%

Mar 2026-6.7%

Jun 2026—

Sep 2026—

RXO, Inc. · RXO

Dec 2021—

Mar 2022—

Jun 202226%

Sep 2022-61%

Dec 2022-110%

Mar 2023-100%

Jun 2023-93%

Sep 2023-108%

Dec 2023—

Mar 2024—

Jun 2024-333%

Sep 2024—

Dec 2024-1,350%

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026—

Jun 2026—

Sep 2026—

Saia, Inc. · SAIA

Dec 2021—

Mar 2022—

Jun 202276%

Sep 202223%

Dec 2022-4.1%

Mar 2023-3.8%

Jun 2023-17%

Sep 20230.0%

Dec 202325%

Mar 202420%

Jun 202413%

Sep 2024-5.1%

Dec 2024-15%

Mar 2025-45%

Jun 2025-31%

Sep 2025-7.5%

Dec 2025-37%

Mar 20260.0%

Jun 2026—

Sep 2026—

Schneider National, Inc. · SNDR

Dec 2021—

Mar 2022—

Jun 202222%

Sep 202215%

Dec 2022-18%

Mar 20236.5%

Jun 2023-40%

Sep 2023-71%

Dec 2023-75%

Mar 2024-81%

Jun 2024-55%

Sep 2024-14%

Dec 202422%

Mar 202537%

Jun 20252.9%

Sep 2025-39%

Dec 2025-33%

Mar 2026-23%

Jun 2026—

Sep 2026—

TFI International Inc. · TFII

Dec 2021—

Mar 2022—

Jun 2022-33%

Sep 202286%

Dec 20226.3%

Mar 2023-24%

Jun 2023-54%

Sep 2023-46%

Dec 2023-14%

Mar 2024-17%

Jun 2024-9.4%

Sep 2024-5.3%

Dec 2024-33%

Mar 2025-40%

Jun 2025-16%

Sep 2025-33%

Dec 2025-18%

Mar 2026-23%

Jun 2026—

Sep 2026—

Werner Enterprises, Inc. · WERN

Dec 2021—

Mar 2022—

Jun 20222.8%

Sep 2022-14%

Dec 2022-22%

Mar 2023-35%

Jun 2023-59%

Sep 2023-57%

Dec 2023-62%

Mar 2024-83%

Jun 2024-70%

Sep 2024-71%

Dec 2024-48%

Mar 2025-267%

Jun 2025389%

Sep 2025-400%

Dec 2025-392%

Mar 2026—

Jun 2026—

Sep 2026—

XPO, Inc. · XPO

Dec 2021—

Mar 2022—

Jun 2022-15%

Sep 2022338%

Dec 2022—

Mar 2023-47%

Jun 2023-68%

Sep 2023-6.5%

Dec 2023—

Mar 2024294%

Jun 2024384%

Sep 202410%

Dec 202429%

Mar 20253.0%

Jun 2025-29%

Sep 2025-14%

Dec 2025-21%

Mar 202646%

Jun 2026—

Sep 2026—

08 · 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 9.1%. XPO, Inc. is next at 4.1%. Universal Logistics Holdings, Inc. has the highest ROCE change at +11.5 percentage points, 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: Old Dominion Freight Line, Inc. leads ROCE at 9.1%, 5 percentage points above XPO, Inc.. Universal Logistics Holdings, Inc. has the strongest latest improvement at +11.5 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. · 9.1%

Gap122% versus #2 · XPO, Inc.

Persistence1/8 recent comparable periods

Coverage14/14 companies · 261 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. ODFL9.1%

2XPO, Inc. XPO4.1%

3Saia, Inc. SAIA3.8%

4TFI International Inc. TFII3.6%

5Universal Logistics Holdings, Inc. ULH2.8%

ROCE changefastest improvers

1Universal Logistics Holdings, Inc. ULH+11.5 pp

2Old Dominion Freight Line, Inc. ODFL+1.8 pp

3PAMT CORP PAMT · older report+1.5 pp

4XPO, Inc. XPO+1.0 pp

5Heartland Express, Inc. HTLD · older report+0.9 pp

Return on capital · company comparison

14/14 level · 14/14 change

All-company data · latest reported quarter

Company	ROCE	ROCE change	Reported
Old Dominion Freight Line, Inc. ODFL	9.1%	+1.8 pp	Jun 2026
XPO, Inc. XPO	4.1%	+1.0 pp	Jun 2026
Saia, Inc. SAIA	3.8%	+0.4 pp	Jun 2026
TFI International Inc. TFII	3.6%	+0.8 pp	Jun 2026
Universal Logistics Holdings, Inc. ULH	2.8%	+11.5 pp	Sep 2026
Covenant Logistics Group, Inc. CVLG	2.1%	+0.7 pp	Jun 2026
Schneider National, Inc. SNDR	1.7%	+0.4 pp	Jun 2026
Knight-Swift Transportation Holdings Inc. KNX	1.0%	+0.3 pp	Jun 2026
Marten Transport, Ltd. MRTN	0.8%	−0.3 pp	Jun 2026
Werner Enterprises, Inc. WERN	0.6%	−1.9 pp	Jun 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
ArcBest Corporation ARCB	-1.2%	−3.3 pp	Jun 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

Dec 20216.2%

Mar 20226.8%

Jun 20229.6%

Sep 20227.6%

Dec 20223.2%

Mar 20231.3%

Jun 20232.5%

Sep 20232.6%

Dec 20233.7%

Mar 20241.3%

Jun 20242.8%

Sep 20247.7%

Dec 20242.2%

Mar 20250.4%

Jun 20252.1%

Sep 20253.1%

Dec 2025-0.5%

Mar 20260.2%

Jun 2026-1.2%

Sep 2026—

Covenant Logistics Group, Inc. · CVLG

Dec 20213.5%

Mar 20224.5%

Jun 20225.2%

Sep 202211%

Dec 20221.9%

Mar 20233.1%

Jun 20231.9%

Sep 20232.3%

Dec 20232.0%

Mar 20240.6%

Jun 20242.0%

Sep 20242.1%

Dec 20241.1%

Mar 20251.0%

Jun 20251.4%

Sep 20251.0%

Dec 2025-2.9%

Mar 20260.8%

Jun 20262.1%

Sep 2026—

Heartland Express, Inc. · HTLD

Dec 20213.1%

Mar 20222.6%

Jun 202211%

Sep 20222.9%

Dec 20222.2%

Mar 20232.0%

Jun 20231.3%

Sep 2023-0.5%

Dec 20230.7%

Mar 2024-1.0%

Jun 20240.0%

Sep 2024-0.5%

Dec 20240.1%

Mar 2025-1.2%

Jun 2025-1.0%

Sep 2025-0.6%

Dec 2025-2.0%

Mar 2026-0.3%

Jun 2026—

Sep 2026—

Knight-Swift Transportation Holdings Inc. · KNX

Dec 20214.0%

Mar 20223.5%

Jun 20223.7%

Sep 20222.7%

Dec 20222.1%

Mar 20231.5%

Jun 20230.9%

Sep 20230.8%

Dec 20230.2%

Mar 20240.2%

Jun 20240.6%

Sep 20240.7%

Dec 20240.7%

Mar 20250.6%

Jun 20250.7%

Sep 20250.4%

Dec 20250.2%

Mar 20260.3%

Jun 20261.0%

Sep 2026—

Marten Transport, Ltd. · MRTN

Dec 20214.0%

Mar 20224.7%

Jun 20225.2%

Sep 20224.3%

Dec 20224.1%

Mar 20233.5%

Jun 20233.4%

Sep 20232.0%

Dec 20231.8%

Mar 20241.4%

Jun 20241.1%

Sep 20240.5%

Dec 20240.8%

Mar 20250.7%

Jun 20251.1%

Sep 20250.3%

Dec 20250.5%

Mar 20260.2%

Jun 20260.8%

Sep 2026—

Old Dominion Freight Line, Inc. · ODFL

Dec 20218.9%

Mar 202210%

Jun 202212%

Sep 202212%

Dec 20229.9%

Mar 20239.0%

Jun 20239.1%

Sep 202310%

Dec 20239.1%

Mar 20248.1%

Jun 20249.1%

Sep 20248.4%

Dec 20246.7%

Mar 20256.7%

Jun 20257.3%

Sep 20257.3%

Dec 20256.1%

Mar 20266.3%

Jun 20269.1%

Sep 2026—

RXO, Inc. · RXO

Dec 20214.4%

Mar 20228.3%

Jun 20228.2%

Sep 20221.2%

Dec 2022-0.1%

Mar 20230.4%

Jun 20231.1%

Sep 20230.5%

Dec 20231.2%

Mar 2024-1.0%

Jun 20240.0%

Sep 2024-1.1%

Dec 2024-1.4%

Mar 2025-1.7%

Jun 20250.0%

Sep 2025-0.3%

Dec 2025-1.3%

Mar 2026-1.2%

Jun 2026—

Sep 2026—

Saia, Inc. · SAIA

Dec 20217.0%

Mar 20227.1%

Jun 20229.5%

Sep 20227.9%

Dec 20225.4%

Mar 20235.6%

Jun 20236.4%

Sep 20236.4%

Dec 20235.4%

Mar 20245.4%

Jun 20245.9%

Sep 20245.1%

Dec 20243.9%

Mar 20252.6%

Jun 20253.4%

Sep 20254.0%

Dec 20252.1%

Mar 20262.1%

Jun 20263.8%

Sep 2026—

Schneider National, Inc. · SNDR

Dec 20215.7%

Mar 20224.3%

Jun 20225.4%

Sep 20224.3%

Dec 20224.1%

Mar 20233.2%

Jun 20232.8%

Sep 20231.2%

Dec 20230.8%

Mar 20240.8%

Jun 20241.3%

Sep 20241.1%

Dec 20241.0%

Mar 20251.0%

Jun 20251.3%

Sep 20250.8%

Dec 20250.9%

Mar 20260.8%

Jun 20261.7%

Sep 2026—

TFI International Inc. · TFII

Dec 20215.6%

Mar 20225.2%

Jun 20228.6%

Sep 20227.4%

Dec 20224.8%

Mar 20233.5%

Jun 20234.0%

Sep 20234.2%

Dec 20234.1%

Mar 20242.9%

Jun 20243.8%

Sep 20243.5%

Dec 20242.8%

Mar 20251.9%

Jun 20252.8%

Sep 20252.5%

Dec 20252.0%

Mar 20261.6%

Jun 20263.6%

Sep 2026—

Werner Enterprises, Inc. · WERN

Dec 20214.7%

Mar 20223.9%

Jun 20223.3%

Sep 20223.2%

Dec 20223.5%

Mar 20232.1%

Jun 20231.8%

Sep 20231.4%

Dec 20231.4%

Mar 20240.6%

Jun 20240.7%

Sep 20240.6%

Dec 20240.5%

Mar 2025-0.2%

Jun 20252.5%

Sep 2025-0.5%

Dec 2025-1.4%

Mar 20260.1%

Jun 20260.6%

Sep 2026—

XPO, Inc. · XPO

Dec 20210.0%

Mar 20220.7%

Jun 20222.0%

Sep 20222.3%

Dec 20220.1%

Mar 20231.1%

Jun 20232.0%

Sep 20232.8%

Dec 20232.2%

Mar 20242.6%

Jun 20243.6%

Sep 20243.1%

Dec 20242.4%

Mar 20252.5%

Jun 20253.1%

Sep 20252.5%

Dec 20252.2%

Mar 20262.7%

Jun 20264.1%

Sep 2026—

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

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022−3.0 pp

Mar 2023−5.5 pp

Jun 2023−7.1 pp

Sep 2023−5.0 pp

Dec 2023+0.5 pp

Mar 20240.0 pp

Jun 2024+0.3 pp

Sep 2024+5.1 pp

Dec 2024−1.5 pp

Mar 2025−0.9 pp

Jun 2025−0.7 pp

Sep 2025−4.6 pp

Dec 2025−2.7 pp

Mar 2026−0.2 pp

Jun 2026−3.3 pp

Sep 2026—

Covenant Logistics Group, Inc. · CVLG

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022−1.6 pp

Mar 2023−1.4 pp

Jun 2023−3.3 pp

Sep 2023−8.5 pp

Dec 2023+0.1 pp

Mar 2024−2.5 pp

Jun 2024+0.1 pp

Sep 2024−0.2 pp

Dec 2024−0.9 pp

Mar 2025+0.4 pp

Jun 2025−0.6 pp

Sep 2025−1.1 pp

Dec 2025−4.0 pp

Mar 2026−0.2 pp

Jun 2026+0.7 pp

Sep 2026—

Heartland Express, Inc. · HTLD

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022−0.9 pp

Mar 2023−0.6 pp

Jun 2023−10.0 pp

Sep 2023−3.4 pp

Dec 2023−1.5 pp

Mar 2024−3.0 pp

Jun 2024−1.3 pp

Sep 20240.0 pp

Dec 2024−0.6 pp

Mar 2025−0.2 pp

Jun 2025−1.0 pp

Sep 2025−0.1 pp

Dec 2025−2.1 pp

Mar 2026+0.9 pp

Jun 2026—

Sep 2026—

Knight-Swift Transportation Holdings Inc. · KNX

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022−1.9 pp

Mar 2023−2.0 pp

Jun 2023−2.8 pp

Sep 2023−1.9 pp

Dec 2023−1.9 pp

Mar 2024−1.3 pp

Jun 2024−0.3 pp

Sep 2024−0.1 pp

Dec 2024+0.5 pp

Mar 2025+0.4 pp

Jun 2025+0.1 pp

Sep 2025−0.3 pp

Dec 2025−0.5 pp

Mar 2026−0.3 pp

Jun 2026+0.3 pp

Sep 2026—

Marten Transport, Ltd. · MRTN

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022+0.1 pp

Mar 2023−1.2 pp

Jun 2023−1.8 pp

Sep 2023−2.3 pp

Dec 2023−2.3 pp

Mar 2024−2.1 pp

Jun 2024−2.3 pp

Sep 2024−1.5 pp

Dec 2024−1.0 pp

Mar 2025−0.7 pp

Jun 20250.0 pp

Sep 2025−0.2 pp

Dec 2025−0.3 pp

Mar 2026−0.5 pp

Jun 2026−0.3 pp

Sep 2026—

Old Dominion Freight Line, Inc. · ODFL

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022+1.0 pp

Mar 2023−1.2 pp

Jun 2023−3.3 pp

Sep 2023−2.0 pp

Dec 2023−0.8 pp

Mar 2024−0.9 pp

Jun 20240.0 pp

Sep 2024−1.6 pp

Dec 2024−2.4 pp

Mar 2025−1.4 pp

Jun 2025−1.8 pp

Sep 2025−1.1 pp

Dec 2025−0.6 pp

Mar 2026−0.4 pp

Jun 2026+1.8 pp

Sep 2026—

RXO, Inc. · RXO

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022−4.5 pp

Mar 2023−7.9 pp

Jun 2023−7.1 pp

Sep 2023−0.7 pp

Dec 2023+1.3 pp

Mar 2024−1.4 pp

Jun 2024−1.1 pp

Sep 2024−1.6 pp

Dec 2024−2.6 pp

Mar 2025−0.7 pp

Jun 20250.0 pp

Sep 2025+0.8 pp

Dec 2025+0.1 pp

Mar 2026+0.5 pp

Jun 2026—

Sep 2026—

Saia, Inc. · SAIA

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022−1.6 pp

Mar 2023−1.5 pp

Jun 2023−3.1 pp

Sep 2023−1.5 pp

Dec 20230.0 pp

Mar 2024−0.2 pp

Jun 2024−0.5 pp

Sep 2024−1.3 pp

Dec 2024−1.5 pp

Mar 2025−2.8 pp

Jun 2025−2.5 pp

Sep 2025−1.1 pp

Dec 2025−1.8 pp

Mar 2026−0.5 pp

Jun 2026+0.4 pp

Sep 2026—

Schneider National, Inc. · SNDR

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022−1.6 pp

Mar 2023−1.1 pp

Jun 2023−2.6 pp

Sep 2023−3.1 pp

Dec 2023−3.3 pp

Mar 2024−2.4 pp

Jun 2024−1.5 pp

Sep 2024−0.1 pp

Dec 2024+0.2 pp

Mar 2025+0.2 pp

Jun 20250.0 pp

Sep 2025−0.3 pp

Dec 2025−0.1 pp

Mar 2026−0.2 pp

Jun 2026+0.4 pp

Sep 2026—

TFI International Inc. · TFII

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022−0.8 pp

Mar 2023−1.7 pp

Jun 2023−4.6 pp

Sep 2023−3.2 pp

Dec 2023−0.7 pp

Mar 2024−0.6 pp

Jun 2024−0.2 pp

Sep 2024−0.7 pp

Dec 2024−1.3 pp

Mar 2025−1.0 pp

Jun 2025−1.0 pp

Sep 2025−1.0 pp

Dec 2025−0.8 pp

Mar 2026−0.3 pp

Jun 2026+0.8 pp

Sep 2026—

Werner Enterprises, Inc. · WERN

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022−1.2 pp

Mar 2023−1.8 pp

Jun 2023−1.5 pp

Sep 2023−1.8 pp

Dec 2023−2.1 pp

Mar 2024−1.5 pp

Jun 2024−1.1 pp

Sep 2024−0.8 pp

Dec 2024−0.9 pp

Mar 2025−0.8 pp

Jun 2025+1.8 pp

Sep 2025−1.1 pp

Dec 2025−1.9 pp

Mar 2026+0.3 pp

Jun 2026−1.9 pp

Sep 2026—

XPO, Inc. · XPO

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022+0.1 pp

Mar 2023+0.4 pp

Jun 20230.0 pp

Sep 2023+0.5 pp

Dec 2023+2.1 pp

Mar 2024+1.5 pp

Jun 2024+1.6 pp

Sep 2024+0.3 pp

Dec 2024+0.2 pp

Mar 2025−0.1 pp

Jun 2025−0.5 pp

Sep 2025−0.6 pp

Dec 2025−0.2 pp

Mar 2026+0.2 pp

Jun 2026+1.0 pp

Sep 2026—

09 · compare level, then change

Valuation Against Growth & Quality

No company in this Trucking comparison reports a valuation figure this section can compare, so the PEG rank is empty. On P/E, Universal Logistics Holdings, Inc. is lowest at 11×, across 13 of 14 companies with a usable reading. PEG asks what price is being paid for growth; P/E keeps that answer anchored to the actual earnings multiple.

What the numbers say: There is not enough comparable evidence to name a reliable peg leader.

LeaderNo comparable leader

GapNot enough peers

PersistenceNot enough history

Coverage0/14 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 feeds agreed. Where any of that fails the ratio is left out rather than printed: a P/E divided by a loss, or by growth measured off a tiny base, is a number that looks precise and means nothing.

PEGlowest PEG

—Not enough comparable data—

P/Elowest P/E

1Universal Logistics Holdings, Inc. ULH11.0

2TFI International Inc. TFII35.3

3Saia, Inc. SAIA40.6

4Old Dominion Freight Line, Inc. ODFL41.7

5Schneider National, Inc. SNDR57.1

Valuation · company comparison

0/14 level · 13/14 change

All-company data · latest reported quarter

Company	PEG	P/E	Reported
Old Dominion Freight Line, Inc. ODFL	4.7	41.7	Jun 2026
Schneider National, Inc. SNDR	4.5	57.1	Jun 2026
Saia, Inc. SAIA	2.8	40.6	Jun 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	60.6	Jun 2026
ArcBest Corporation ARCB	0.4	208.0	Jun 2026
Covenant Logistics Group, Inc. CVLG	0.3	401.6	Jun 2026
Heartland Express, Inc. HTLD	0.2	75.1	Mar 2026
TFI International Inc. TFII	—	35.3	Jun 2026
RXO, Inc. RXO	—	775.3	Mar 2026
Werner Enterprises, Inc. WERN	—	64.2	Jun 2026
Universal Logistics Holdings, Inc. ULH	—	11.0	Sep 2026

Full 20-quarter history · every available company

PEG · reported quarter history

ArcBest Corporation · ARCB

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 20230.4

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 20241.4

Dec 2024—

Mar 20250.2

Jun 20250.4

Sep 2025—

Dec 2025—

Mar 2026—

Jun 2026—

Sep 2026—

Covenant Logistics Group, Inc. · CVLG

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 20230.3

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026—

Jun 2026—

Sep 2026—

Heartland Express, Inc. · HTLD

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 20230.2

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026—

Jun 2026—

Sep 2026—

Knight-Swift Transportation Holdings Inc. · KNX

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 20251.2

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026—

Jun 2026—

Sep 2026—

Marten Transport, Ltd. · MRTN

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 20231.2

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

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Mar 2026—

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Sep 2026—

Old Dominion Freight Line, Inc. · ODFL

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 20231.2

Jun 20234.7

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026—

Jun 2026—

Sep 2026—

Saia, Inc. · SAIA

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 20231.0

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 20242.6

Sep 20242.8

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025—

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Sep 2026—

Schneider National, Inc. · SNDR

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 20254.5

Sep 2025—

Dec 2025—

Mar 2026—

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Sep 2026—

XPO, Inc. · XPO

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 20250.8

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026—

Jun 2026—

Sep 2026—

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

Dec 202114.5

Mar 20228.3

Jun 20226.2

Sep 20225.8

Dec 20226.0

Mar 20237.9

Jun 202310.5

Sep 202313.8

Dec 202315.2

Mar 202428.7

Jun 202420.2

Sep 202413.4

Dec 202412.8

Mar 20259.3

Jun 202511.5

Sep 202516.6

Dec 202528.3

Mar 202640.5

Jun 2026208.0

Sep 2026—

Covenant Logistics Group, Inc. · CVLG

Dec 20217.7

Mar 20225.1

Jun 20225.1

Sep 20223.9

Dec 20225.0

Mar 20235.1

Jun 20237.0

Sep 202311.3

Dec 202311.5

Mar 202414.9

Jun 202416.0

Sep 202417.4

Dec 202421.0

Mar 202516.0

Jun 202518.4

Sep 202518.2

Dec 202581.6

Mar 2026181.0

Jun 2026401.6

Sep 2026—

Heartland Express, Inc. · HTLD

Dec 202116.8

Mar 202213.5

Jun 20228.0

Sep 20228.2

Dec 20229.1

Mar 20239.7

Jun 202321.3

Sep 202345.9

Dec 202375.1

Mar 2024—

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Sep 2026—

Knight-Swift Transportation Holdings Inc. · KNX

Dec 202113.7

Mar 202210.3

Jun 20228.7

Sep 20229.2

Dec 202211.1

Mar 202313.7

Jun 202317.6

Sep 202321.6

Dec 202343.0

Mar 202482.1

Jun 2024121.8

Sep 2024234.6

Dec 202472.7

Mar 202546.3

Jun 202543.4

Sep 202544.9

Dec 2025127.5

Mar 2026274.2

Jun 2026299.5

Sep 2026—

Marten Transport, Ltd. · MRTN

Dec 202116.8

Mar 202215.4

Jun 202213.1

Sep 202214.3

Dec 202214.7

Mar 202316.1

Jun 202318.2

Sep 202319.1

Dec 202324.4

Mar 202426.0

Jun 202434.2

Sep 202442.1

Dec 202447.3

Mar 202550.8

Jun 202550.0

Sep 202544.4

Dec 202554.2

Mar 202669.1

Jun 2026102.1

Sep 2026—

Old Dominion Freight Line, Inc. · ODFL

Dec 202140.3

Mar 202230.5

Jun 202223.8

Sep 202221.3

Dec 202223.3

Mar 202328.0

Jun 202332.1

Sep 202336.4

Dec 202336.0

Mar 202438.6

Jun 202430.3

Sep 202434.7

Dec 202432.2

Mar 202531.0

Jun 202531.7

Sep 202528.3

Dec 202532.4

Mar 202640.9

Jun 202641.7

Sep 2026—

RXO, Inc. · RXO

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 202221.8

Mar 202342.7

Jun 2023206.1

Sep 2023—

Dec 2023775.3

Mar 2024—

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Sep 2024—

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Sep 2026—

Saia, Inc. · SAIA

Dec 202135.6

Mar 202222.1

Jun 202214.7

Sep 202214.1

Dec 202215.7

Mar 202320.5

Jun 202327.2

Sep 202331.7

Dec 202333.1

Mar 202442.4

Jun 202433.4

Sep 202431.2

Dec 202433.7

Mar 202529.1

Jun 202525.3

Sep 202528.2

Dec 202534.3

Mar 202636.9

Jun 202640.6

Sep 2026—

Schneider National, Inc. · SNDR

Dec 202111.8

Mar 202210.2

Jun 20228.5

Sep 20227.5

Dec 20229.1

Mar 202310.3

Jun 202312.5

Sep 202315.4

Dec 202319.0

Mar 202425.7

Jun 202437.2

Sep 202446.0

Dec 202444.4

Mar 202532.6

Jun 202534.5

Sep 202533.1

Dec 202545.0

Mar 202647.1

Jun 202657.1

Sep 2026—

TFI International Inc. · TFII

Dec 202114.2

Mar 202212.1

Jun 202210.7

Sep 202210.3

Dec 202211.1

Mar 202313.7

Jun 202315.8

Sep 202321.3

Dec 202323.4

Mar 202428.3

Jun 202426.3

Sep 202425.1

Dec 202427.3

Mar 202517.1

Jun 202520.7

Sep 202522.7

Dec 202527.8

Mar 202630.3

Jun 202635.3

Sep 2026—

Werner Enterprises, Inc. · WERN

Dec 202112.5

Mar 202210.3

Jun 20229.6

Sep 20229.5

Dec 202210.8

Mar 202313.1

Jun 202315.7

Sep 202316.7

Dec 202324.1

Mar 202429.9

Jun 202436.2

Sep 202452.9

Dec 202465.3

Mar 2025101.0

Jun 202531.8

Sep 202564.2

Dec 2025—

Mar 2026—

Jun 2026—

Sep 2026—

XPO, Inc. · XPO

Dec 202115.7

Mar 20228.1

Jun 20225.1

Sep 20223.9

Dec 202220.9

Mar 202324.9

Jun 202380.8

Sep 2023233.3

Dec 202354.7

Mar 202452.4

Jun 202432.2

Sep 202431.9

Dec 202440.6

Mar 202533.1

Jun 202543.7

Sep 202546.5

Dec 202551.5

Mar 202666.6

Jun 202660.6

Sep 2026—

10 · before the conclusion, check the blind spots

What can make this comparison misleading?

This Trucking comparison names 6 specific ways its own evidence can mislead, all listed below. 3 of the 14 companies report on an older date than the sector's freshest reporters, so their ranks are marked stale. 1 of the 5 ranked sections has fewer than three usable current readings. 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.
3 companies have older fundamental reporting dates than the sector’s freshest reporters; their ranks carry a stale marker.
Thin comparisons: Valuation have fewer than three usable current readings.

11 · 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 Sep 2026 and market data through 2026-08-04. A second data feed fills gaps only after identity and scale reconciliation, and missing observations are never interpolated.

FundamentalsThrough Sep 2026 · up to 20 quarters per company

Market dataThrough 2026-08-04 · weekly price and relative-strength history

Derived metricsGrowth, changes and PEG 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.

12 · questions investors ask, short speakable answers

Trucking company comparison FAQs

These 20 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 Sep 2026. Price and relative-strength answers run through 2026-08-04. Nothing here is estimated, and none of it is a recommendation.

Is the Trucking sector outperforming S&P 500?

Trucking has outperformed S&P 500 by 29.1% over 52 weeks and 7% over 13 weeks. 12 of 14 covered companies beat the S&P 500 on Mansfield relative strength, while 4 of 14 beat the sector itself.

Which Trucking company is largest by revenue?

RXO, Inc. leads with revenue of $5,734 million, based on 3 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 3 of 14 comparable companies.

Which Trucking company has the strongest 4-Factor Sector Score?

Old Dominion Freight Line, Inc. ranks first at 59.7/100 with 55.5% evidence confidence. The score prioritizes research; it is not a buy recommendation.

How much history does this Trucking comparison include?

The page compares up to 20 reported quarters per company for fundamentals, returns and valuation, ending Sep 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.

Which Trucking company is the biggest?

RXO, Inc. is the largest, with trailing-twelve-month revenue of $5,734 million, ahead of Heartland Express, Inc. at $762 million. That covers 3 of 14 companies with comparable reporting through Mar 2026.

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?

Heartland Express, Inc. earns the most, at $43 million of trailing-twelve-month net profit, from 3 of 14 comparable companies.

Which Trucking company earns the highest return on capital?

Old Dominion Freight Line, Inc. leads on return on capital employed at 9.1%, 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.

Is the Trucking sector beating the market?

Trucking has outperformed S&P 500 by 29.1% over the last 52 weeks and 7% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 12 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?

PAMT CORP 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?

Old Dominion Freight Line, Inc. scores 59.7 out of 100 with 55.5% evidence confidence, from 19.5 points on growth and earnings, 17.9 on capital efficiency, 10.8 on valuation and 11.5 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, ending Sep 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 $122,222 million of combined market value. Old Dominion Freight Line, Inc. is the largest at $45,612 million, about 37% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-08-04.

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 2026-08-04.

How is the Trucking sector performing?

12 of the 14 covered Trucking companies are beating S&P 500 on Mansfield relative strength. The sector itself is 29.1% ahead of S&P 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-08-04.

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 Sep 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.