Selling, General, and Administrative Costs: PACCAR Inc vs Old Dominion Freight Line, Inc.

A Comparative Analysis of SG&A Expenses: PACCAR Inc vs Old Dominion Freight Line, Inc.

In the competitive landscape of the transportation industry, understanding the financial dynamics of key players is crucial. This analysis delves into the Selling, General, and Administrative (SG&A) expenses of PACCAR Inc and Old Dominion Freight Line, Inc. from 2014 to 2023. Over this period, PACCAR Inc consistently reported higher SG&A expenses, peaking at approximately $785 million in 2023, reflecting a 40% increase from 2014. In contrast, Old Dominion Freight Line, Inc. saw a more dramatic rise, with expenses growing by nearly 94%, reaching around $281 million in 2023. This trend highlights Old Dominion's aggressive expansion and operational scaling. Notably, 2024 data for Old Dominion is missing, indicating potential reporting delays or strategic shifts. Such insights are invaluable for investors and analysts seeking to understand cost management strategies in the transportation sector.