Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Old Dominion Freight Line (NASDAQ: ODFL) and the best and worst performers in the ground transportation industry.

The growth of e-commerce and global trade continues to drive demand for shipping services, especially last-mile delivery, presenting opportunities for ground transportation companies. The industry continues to invest in data, analytics, and autonomous fleets to optimize efficiency and find the most cost-effective routes. Despite the essential services this industry provides, ground transportation companies are still at the whim of economic cycles. Consumer spending, for example, can greatly impact the demand for these companies’ offerings while fuel costs can influence profit margins.

The 15 ground transportation stocks we track reported a softer Q4. As a group, revenues missed analysts’ consensus estimates by 1.1%.

Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 13.2% since the latest earnings results.

Old Dominion Freight Line (NASDAQ: ODFL)

With its name deriving from the Commonwealth of Virginia’s nickname, Old Dominion (NASDAQ: ODFL) delivers less-than-truckload (LTL) and full-container load freight.

Old Dominion Freight Line reported revenues of $1.31 billion, down 5.7% year on year. This print was in line with analysts’ expectations, and overall, it was a strong quarter for the company with a decent beat of analysts’ adjusted operating income estimates and a decent beat of analysts’ EBITDA estimates.

Marty Freeman, President and Chief Executive Officer of Old Dominion, commented, “Old Dominion’s fourth quarter financial results reflect our ongoing commitment to revenue quality and cost discipline in what remains a challenging operating environment. Although our revenue and earnings per diluted share both decreased in the fourth quarter, our team continued to focus on executing the fundamental elements of our long-term strategic plan. The cornerstone of our plan remains our commitment to providing our customers with superior service at a fair price. As a result of the dedication of our OD Family of employees, we were pleased to once again provide our customers with 99% on-time service and a cargo claims ratio of 0.1%.

Unsurprisingly, the stock is down 6.9% since reporting and currently trades at $176.63.

Is now the time to buy Old Dominion Freight Line? Access our full analysis of the earnings results here, it’s free.

Best Q4: XPO (NYSE: XPO)

Owning a mobile game simulating freight operations for the Tour de France, XPO (NYSE: XPO) is a transportation company specializing in expedited shipping services.

XPO reported revenues of $2.01 billion, up 4.7% year on year, outperforming analysts’ expectations by 2.9%. The business had an exceptional quarter with a solid beat of analysts’ adjusted operating income estimates and an impressive beat of analysts’ revenue estimates.

XPO scored the biggest analyst estimates beat among its peers. The market seems content with the results as the stock is up 3.4% since reporting. It currently trades at $185.64.

Is now the time to buy XPO? Access our full analysis of the earnings results here, it’s free.

Weakest Q4: Schneider (NYSE: SNDR)

Employing thousands of drivers across the country to make deliveries, Schneider (NYSE: SNDR) makes full truckload and intermodal deliveries regionally and across borders.

Schneider reported revenues of $1.4 billion, up 4.5% year on year, falling short of analysts’ expectations by 3.7%. It was a disappointing quarter as it posted full-year EPS guidance missing analysts’ expectations significantly and a significant miss of analysts’ revenue estimates.

As expected, the stock is down 20% since the results and currently trades at $23.78.

Read our full analysis of Schneider’s results here.

RXO (NYSE: RXO)

With access to millions of trucks, RXO (NYSE: RXO) offers full-truckload, less-than-truckload, and last-mile deliveries.

RXO reported revenues of $1.47 billion, down 11.9% year on year. This result lagged analysts' expectations by 0.7%. It was a disappointing quarter as it also logged a significant miss of analysts’ adjusted operating income estimates and a significant miss of analysts’ EBITDA estimates.

The stock is down 27.4% since reporting and currently trades at $12.04.

Read our full, actionable report on RXO here, it’s free.

Avis Budget Group (NASDAQ: CAR)

The parent company of brands such as Zipcar and Budget Truck Rental, Avis (NASDAQ: CAR) is a provider of car rental and mobility solutions.

Avis Budget Group reported revenues of $2.66 billion, down 1.7% year on year. This number came in 2.9% below analysts' expectations. Overall, it was a disappointing quarter as it also recorded a significant miss of analysts’ revenue estimates and a significant miss of analysts’ adjusted operating income estimates.

The stock is down 19.7% since reporting and currently trades at $99.00.

Read our full, actionable report on Avis Budget Group here, it’s free.

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