Cost Management Insights: SG&A Expenses for Old Dominion Freight Line, Inc. and Avery Dennison Corporation

Navigating Cost Management: A Tale of Two Giants

In the competitive landscape of logistics and manufacturing, effective cost management is crucial. Old Dominion Freight Line, Inc. and Avery Dennison Corporation, two industry leaders, have demonstrated distinct strategies in managing their Selling, General, and Administrative (SG&A) expenses over the past decade. From 2014 to 2023, Avery Dennison's SG&A expenses have shown a steady increase, peaking in 2022 with a 15% rise from 2014. Meanwhile, Old Dominion Freight Line has seen a more dramatic growth, with expenses nearly doubling, reflecting a strategic expansion and investment in operational efficiencies. This comparison highlights the diverse approaches companies take in balancing growth and cost control. As businesses navigate the complexities of the modern economy, understanding these trends offers valuable insights into strategic financial management.