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Consolidated Statements of Earnings - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Operating revenues $ 9,165,258 $ 8,614,874 $ 7,189,568
Operating expenses:      
Rents and purchased transportation 4,528,812 4,434,540 3,650,806
Salaries, wages and employee benefits 2,167,851 1,926,213 1,608,378
Depreciation and amortization 499,145 435,893 383,518
Fuel and fuel taxes 463,195 459,011 347,573
Operating supplies and expenses 333,113 303,529 257,239
General and administrative expenses, net of asset dispositions 191,933 163,270 125,878
Insurance and claims 157,251 129,406 123,579
Operating taxes and licenses 55,336 51,080 44,825
Communication and utilities 34,797 30,911 23,983
Total operating expenses 8,431,433 7,933,853 6,565,779
Operating income 733,825 681,021 623,789
Interest income 1,754 224 235
Interest expense 54,684 40,427 28,785
Earnings before income taxes 680,895 640,818 595,239
Income taxes 164,575 151,233 (91,024)
Net earnings $ 516,320 $ 489,585 $ 686,263
Weighted average basic shares outstanding (in shares) 107,329 109,375 109,987
Basic earnings per share (in dollars per share) $ 4.81 $ 4.48 $ 6.24
Weighted average diluted shares outstanding (in shares) 108,307 110,428 111,049
Diluted earnings per share (in dollars per share) $ 4.77 $ 4.43 $ 6.18
Dividends declared per common share (in dollars per share) $ 1.04 $ 0.96 $ 0.92
Service Excluding Fuel Surcharge [Member]      
Operating revenues $ 8,122,600 $ 7,557,648 $ 6,435,858
Fuel Surcharge [Member]      
Operating revenues $ 1,042,658 $ 1,057,226 $ 753,710