SG&A Efficiency Analysis: Comparing Waste Management, Inc. and Old Dominion Freight Line, Inc.

SG&A Efficiency: A Tale of Two Giants

In the world of logistics and waste management, understanding operational efficiency is crucial. This analysis compares the Selling, General, and Administrative (SG&A) expenses of two industry leaders: Old Dominion Freight Line, Inc. and Waste Management, Inc., from 2014 to 2023. Over this period, Old Dominion Freight Line, Inc. demonstrated a steady increase in SG&A expenses, starting at approximately $145 million in 2014 and reaching around $281 million by 2023. This represents a growth of nearly 94%, reflecting their expanding operations and market reach.

Conversely, Waste Management, Inc. maintained a more stable SG&A expense profile, with figures hovering around $1.4 billion to $1.9 billion. This stability, despite economic fluctuations, underscores their robust cost management strategies. By 2023, Waste Management's SG&A expenses were about 6.8 times higher than Old Dominion's, highlighting the scale and complexity of their operations. This comparison offers valuable insights into the strategic financial management of these industry titans.