Trane Technologies plc or Old Dominion Freight Line, Inc.: Who Manages SG&A Costs Better?

Managing SG&A Costs: A Tale of Two Giants

In the competitive landscape of logistics and climate solutions, Old Dominion Freight Line, Inc. and Trane Technologies plc stand out for their strategic management of Selling, General, and Administrative (SG&A) expenses. From 2014 to 2023, Old Dominion Freight Line, Inc. demonstrated a steady increase in SG&A costs, peaking at approximately 281 million in 2023, reflecting a 94% rise over the decade. Meanwhile, Trane Technologies plc, with a more substantial SG&A base, saw its expenses grow by 18% over the same period, reaching nearly 2.96 billion in 2023. This comparison highlights Old Dominion's rapid expansion and Trane's consistent cost management. As businesses navigate economic fluctuations, understanding these trends offers valuable insights into operational efficiency and strategic growth. The data underscores the importance of balancing cost management with growth ambitions in today's dynamic market.