Industries › Railroads, airlines, trucking and car rental
18 transportation stocks on Buyback Radar have each retired at least a tenth of their own shares since their peak. Avis Budget Group leads, with 67.1% of its shares gone since 2012. 3 of the 18 have retired half of themselves or more. Every count comes from the cover pages of the companies' own 10-K and 10-Q filings with the SEC, split adjusted, so it is net of the new shares handed to employees. The list is rebuilt every Monday.
| # | Company | Retired since peak | Peak | 5 years | 12 months | Market value |
|---|---|---|---|---|---|---|
| 1 | Avis Budget GroupCAR | −67.1% | 2012 | −46.9% | +0.4% | $3.6B |
| 2 | CSXCSX | −53.3% | 2005 | −16.9% | −1.0% | $89.7B |
| 3 | Landstar SystemLSTR | −53.2% | 1999 | −11.3% | −2.1% | $5.8B |
| 4 | Norfolk SouthernNSC | −45.5% | 2005 | −7.7% | +0.1% | $73.4B |
| 5 | Union PacificUNP | −45.1% | 2006 | −7.6% | +0.2% | $171.8B |
| 6 | J.B. HuntJBHT | −42.5% | 2004 | −11.2% | −2.1% | $21.3B |
| 7 | Ryder SystemR | −41.1% | 2003 | −28.8% | −5.3% | $9.1B |
| 8 | SkywestSKYW | −39.7% | 2006 | −22.9% | −3.8% | $3.6B |
| 9 | Southwest AirlinesLUV | −39.2% | 2005 | −17.3% | −5.3% | $19.3B |
| 10 | GATXGATX | −33.4% | 2006 | −0.6% | −0.8% | $5.8B |
| 11 | C. H. Robinson WorldwideCHRW | −32.6% | 2005 | −11.3% | −1.0% | $16.3B |
| 12 | Alaska Air GroupALK | −30.8% | 2006 | −10.9% | −3.2% | $3.9B |
| 13 | United Parcel ServiceUPS | −29.7% | 1999 | −2.3% | +0.4% | $82.9B |
| 14 | FedexFDX | −25.4% | 2011 | −11.5% | +0.3% | $69.4B |
| 15 | Werner EnterprisesWERN | −24.9% | 2001 | −11.7% | +0.2% | $2.0B |
| 16 | Delta Air LinesDAL | −22.7% | 2012 | +2.8% | +0.8% | — |
| 17 | Old Dominion Freight LineODFL | −19.8% | 2011 | −10.5% | −1.3% | $38.9B |
| 18 | United AirlinesUAL | −15.4% | 2014 | +0.3% | +0.4% | $31.2B |
On Buyback Radar in October 2026, Avis Budget Group (CAR) has retired 67.1% of its shares since 2012, followed by CSX (53.3%) and Landstar System (53.2%).
Ryder System (R), with 5.3% fewer shares than twelve months ago. 10 of the 18 have a lower share count than a year ago.
A company can spend billions on buybacks and still end the year with more shares, because it hands new stock to employees. The share count on the cover of the filing shows what actually disappeared. Every share retired makes the remaining shares a bigger slice of the same business.
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All 467 companies: the full Radar · Best buyback stocks · What is a cannibal stock
Updated 2026-10-24 from SEC filings. Grouped by the industry code each company files with the SEC. Not investment advice. How we count.