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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:      
Net earnings $ 570,886 $ 728,287 $ 969,351
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation and amortization 761,141 737,954 644,520
Noncash lease expense 100,178 97,666 83,797
Share-based compensation 65,686 79,189 77,535
(Gain)/loss on sale of revenue equipment and other 14,557 27,806 (25,422)
Deferred income taxes (89,848) 65,566 175,089
Changes in operating assets and liabilities:      
Trade accounts receivable 110,746 259,449 (13,950)
Income taxes receivable or payable (26,182) 12,165 (69,025)
Other current assets 94,639 (39,351) (83,892)
Trade accounts payable (109,806) (48,346) (23,838)
Claims accruals 48,137 18,429 117,887
Accrued payroll and other accrued expenses (56,978) (194,196) (75,170)
Net cash provided by operating activities 1,483,156 1,744,618 1,776,882
Cash flows from investing activities:      
Additions to property and equipment (865,373) (1,862,431) (1,540,796)
Proceeds from sale of equipment 190,967 262,216 108,901
Proceeds from sale of investment 6,929 0 0
Business acquisitions 3,785 (85,000) (118,175)
Net cash used in investing activities (663,692) (1,685,215) (1,550,070)
Cash flows from financing activities:      
Payments on long-term debt (250,000) 0 (350,000)
Proceeds from revolving lines of credit and other 3,070,600 2,223,600 1,738,100
Payments on revolving lines of credit and other (2,920,600) (1,911,100) (1,420,600)
Purchase of treasury stock (513,924) (159,576) (300,030)
Stock repurchased for payroll taxes and other (36,358) (37,012) (31,180)
Dividends paid (175,543) (173,898) (166,724)
Net cash used in financing activities (825,825) (57,986) (530,434)
Net (decrease)/increase in cash and cash equivalents (6,361) 1,417 (303,622)
Cash and cash equivalents at beginning of year 53,344 51,927 355,549
Cash and cash equivalents at end of year 46,983 53,344 51,927
Supplemental disclosure of cash flow information:      
Interest 80,861 65,561 50,433
Income taxes 305,103 135,385 195,827
Noncash investing activities      
Accruals for equipment received $ 73,906 $ 44,692 $ 107,474