Condensed Consolidated Statements of Earnings (Unaudited) - USD ($) shares in Thousands, $ in Thousands |
3 Months Ended | 6 Months Ended | ||||
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Jun. 30, 2025 |
Jun. 30, 2024 |
Jun. 30, 2025 |
Jun. 30, 2024 |
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Operating revenues | $ 2,928,181 | $ 2,928,685 | $ 5,849,573 | $ 5,872,685 | ||
Operating expenses: | ||||||
Rents and purchased transportation | 1,266,908 | 1,274,011 | 2,560,236 | 2,554,998 | ||
Salaries, wages and employee benefits | 816,941 | 803,047 | 1,616,588 | 1,610,931 | ||
Depreciation and amortization | 176,980 | 184,658 | 356,456 | 367,655 | ||
Fuel and fuel taxes | 153,710 | 164,291 | 313,643 | 337,817 | ||
Operating supplies and expenses | 128,245 | 120,425 | 251,698 | 243,416 | ||
Insurance and claims | 84,838 | 73,222 | 169,856 | 148,908 | ||
General and administrative expenses, net of asset dispositions | 74,876 | 74,707 | 147,847 | 151,490 | ||
Operating taxes and licenses | 17,770 | 17,575 | 35,250 | 35,110 | ||
Communication and utilities | 10,639 | 11,040 | 22,045 | 22,282 | ||
Total operating expenses | 2,730,907 | 2,722,976 | 5,473,619 | 5,472,607 | ||
Operating income | [1] | 197,274 | 205,709 | 375,954 | 400,078 | |
Net interest expense | 21,285 | 20,198 | 39,882 | 35,847 | ||
Earnings before income taxes | 175,989 | 185,511 | 336,072 | 364,231 | ||
Income taxes | 47,365 | 49,638 | 89,708 | 100,865 | ||
Net earnings | $ 128,624 | $ 135,873 | $ 246,364 | $ 263,366 | ||
Weighted average basic shares outstanding (in shares) | 97,448 | 102,386 | 98,670 | 102,814 | ||
Basic earnings per share (in dollars per share) | $ 1.32 | $ 1.33 | $ 2.5 | $ 2.56 | ||
Weighted average diluted shares outstanding (in shares) | 97,976 | 103,146 | 99,226 | 103,626 | ||
Diluted earnings per share (in dollars per share) | $ 1.31 | $ 1.32 | $ 2.48 | $ 2.54 | ||
Service Excluding Fuel Surcharge [Member] | ||||||
Operating revenues | $ 2,576,319 | $ 2,545,023 | $ 5,136,048 | $ 5,097,508 | ||
Fuel Surcharge [Member] | ||||||
Operating revenues | $ 351,862 | $ 383,662 | $ 713,525 | $ 775,177 | ||
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- Definition Maintenance and other operating supplies costs incurred and directly related to services rendered by an entity during the reporting period. No definition available.
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- Definition Costs of purchased transportation and other third-party services incurred to service customers. No definition available.
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- Definition Total costs of sales and operating expenses for the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate costs of direct communications and utilities incurred during the reporting period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of tax incurred and cost of license directly related to good produced or service rendered. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Fuel costs incurred that are directly related to goods produced and sold and services rendered during the reporting period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of interest expense classified as nonoperating. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of expense for salary, wage, profit sharing; incentive and equity-based compensation; and other employee benefit. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Insurance and claims costs directly related to goods produced and sold, or services rendered, during the reporting period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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