v3.25.2
Condensed Consolidated Statements of Earnings (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
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
[1] Refer to the Condensed Consolidated Statements of Earnings for the reconciliation of consolidated operating income to earnings before income taxes.