As the Q4 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the transportation and logistics industry, including CSX (NASDAQ: CSX) and its peers.

The growth of e-commerce and global trade continues to drive demand for shipping services, presenting opportunities for transportation and logistics companies. The industry continues to invest in advanced technologies such as automated sorting systems and real-time tracking solutions to enhance operational efficiency. Companies that win in this space boast speed, reach, reliability, and last-mile efficiency while those who do not see their market shares diminish. Like other industrials companies, transportation and logistics companies are at the whim of economic cycles. Consumer spending, for example, can greatly impact the demand for these companies’ offerings while fuel costs influence profit margins.

The 28 transportation and logistics stocks we track reported a slower Q4. As a group, revenues were in line with analysts’ consensus estimates.

Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 8.2% since the latest earnings results.

CSX (NASDAQ: CSX)

Established as part of the Chessie System and Seaboard Coast Line Industries merger, CSX (NASDAQ: CSX) is a transportation company specializing in freight rail services.

CSX reported revenues of $3.51 billion, flat year on year. This print fell short of analysts’ expectations by 0.9%. Overall, it was a disappointing quarter for the company with a significant miss of analysts’ adjusted operating income estimates and a significant miss of analysts’ EBITDA estimates.

Interestingly, the stock is up 10% since reporting and currently trades at $39.37.

Read our full report on CSX here, it’s free.

Best Q4: XPO (NYSE: XPO)

Owning a mobile game simulating freight operations for the Tour de France, XPO (NYSE: XPO) is a transportation company specializing in expedited shipping services.

XPO reported revenues of $2.01 billion, up 4.7% year on year, outperforming analysts’ expectations by 2.9%. The business had an exceptional quarter with a solid beat of analysts’ adjusted operating income estimates and an impressive beat of analysts’ revenue estimates.

The market seems content with the results as the stock is up 1.2% since reporting. It currently trades at $181.72.

Is now the time to buy XPO? Access our full analysis of the earnings results here, it’s free.

Weakest Q4: Werner (NASDAQ: WERN)

Conducting business in over a 100 countries, Werner (NASDAQ: WERN) offers full-truckload, less-than-truckload, and intermodal delivery services.

Werner reported revenues of $737.6 million, down 2.3% year on year, falling short of analysts’ expectations by 2.8%. It was a disappointing quarter as it posted a significant miss of analysts’ revenue estimates and a significant miss of analysts’ adjusted operating income estimates.

As expected, the stock is down 27.1% since the results and currently trades at $27.63.

Read our full analysis of Werner’s results here.

Covenant Logistics (NYSE: CVLG)

Started with 25 trucks and 50 trailers, Covenant Logistics (NASDAQ: CVLG) is a provider of expedited long haul freight services, offering a range of logistics solutions.

Covenant Logistics reported revenues of $295.4 million, up 6.5% year on year. This print missed analysts’ expectations by 1.3%. It was a disappointing quarter as it also logged a significant miss of analysts’ adjusted operating income estimates and a significant miss of analysts’ EBITDA estimates.

The stock is down 4.7% since reporting and currently trades at $24.63.

Read our full, actionable report on Covenant Logistics here, it’s free.

Old Dominion Freight Line (NASDAQ: ODFL)

With its name deriving from the Commonwealth of Virginia’s nickname, Old Dominion (NASDAQ: ODFL) delivers less-than-truckload (LTL) and full-container load freight.

Old Dominion Freight Line reported revenues of $1.31 billion, down 5.7% year on year. This result met analysts’ expectations. Overall, it was a strong quarter as it also put up a decent beat of analysts’ adjusted operating income estimates and a decent beat of analysts’ EBITDA estimates.

The stock is down 6.9% since reporting and currently trades at $176.61.

Read our full, actionable report on Old Dominion Freight Line here, it’s free.

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