The Idiot Index
Shareholder Extraction in Transportation · FY 2023
3 of 30 companies · highest first- 18.8254× buybacks+dividends / R&Dverified
- 22.2363× buybacks+dividends / R&Dverified
- 32.2273× buybacks+dividends / R&Dverified
Not yet covered (27)
These companies are in the Transportation cohort but don't have a Shareholder Extraction computed for FY 2023. Either the underlying inputs aren't tagged in their XBRL filings, the DEF 14A pay-ratio narrative didn't parse cleanly, or this fiscal year hasn't been ingested for them yet.
- AALAmerican Airlines
- ALKAlaska Airlines
- CHRWC.H. Robinson
- CSXCSX
- DALDelta
- EXPDExpeditors
- FDXFedEx
- FWRDForward Air
- GATXGATX
- HUBGHub Group
- JBHTJ.B. Hunt
- JBLUJetBlue
- KEXKirby
- KNXKnight-Swift
- LSTRLandstar
- LUVSouthwest
- MATXMatson
- MRTNMarten Transport
- NSCNorfolk Southern
- ODFLOld Dominion
- RRyder
- SAIASaia
- TRNTrinity Industries
- UALUnited Airlines
- UNPUnion Pacific
- UPSUPS
- WERNWerner
What this measures
Full methodology →Dollars sent to shareholders for every dollar invested in R&D.
- Ratio
- Shareholder Extraction
- Sector
- Transportation
- Methodology version
- v1.0.0
Applied to airlines, parcel delivery, freight rail, and trucking. COGS captures fuel, crew, equipment maintenance, and direct operations. Capital intensity is high (fleets, terminals, networks); Operational Markup is the load-bearing signal because pure Markup ignores the depreciation and SG&A required to keep the network running. Labor Share is closely watched in this sector — most transport firms are unionized.
Whether the company invests in future productive capacity or extracts current value to shareholders. A ratio above 3.0 typically indicates an extraction-dominant capital allocation policy. A ratio below 1.0 indicates the company is investing more in its future than returning to shareholders.
Source data: PaymentsForRepurchaseOfCommonStock, PaymentsOfDividends, ResearchAndDevelopmentExpense (us-gaap) or equivalents in IFRS.