Tax-loss harvesting alternatives for LSTR

Among the 9 Cargo Ground Transportation peers screened, WERN (Werner Enterprises) has tracked LSTR most closely over the past year, with a return correlation of 0.68. The strongest fund stand-in is XTN (SPDR S&P Transportation ETF) at 0.62 over the past year. Correlations are computed from daily closing-price returns aligned by trading day.

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STOCKS

Single-name peers

Ticker	Name	Sub-industry	1Y	3Y	5Y	10Y
WERN	Werner Enterprises	Cargo Ground Transportation	0.68	0.72	0.73	0.72
MRTN	Marten Transport, Ltd.	Cargo Ground Transportation	0.64	0.70	0.66	0.66
RXO	RXO, Inc.	Cargo Ground Transportation	0.64	0.64	0.61	—
HTLD	Heartland Express, Inc.	Cargo Ground Transportation	0.63	0.64	0.64	0.65
ARCB	ArcBest Corp.	Cargo Ground Transportation	0.63	0.64	0.64	0.60
SNDR	Schneider National	Cargo Ground Transportation	0.59	0.67	0.70	0.68
KNX	Knight-Swift	Cargo Ground Transportation	0.56	0.66	0.69	0.68
R	Ryder	Cargo Ground Transportation	0.52	0.57	0.55	0.58
FDXF	FedEx Freight	Cargo Ground Transportation	—	—	—	—

ETFS

Fund stand-ins

An ETF is generally not 'substantially identical' to a single stock, which is why funds are the standard wash-sale-aware replacement.

Ticker	Name	Focus	Match	1Y	3Y	5Y	10Y
XTN	SPDR S&P Transportation ETF	Transportation	INDUSTRY	0.62	0.69	0.68	0.70
IYT	iShares Transportation Average	Transportation	INDUSTRY	0.56	0.65	0.66	0.70
IYJ	iShares US Industrials ETF	Industrials Sector	SECTOR	0.39	0.51	0.55	0.61
PAVE	Global X US Infrastructure	Infrastructure	SECTOR	0.38	0.51	0.54	0.61
VIS	Vanguard Industrials ETF	Industrials Sector	SECTOR	0.37	0.50	0.55	0.61
FIDU	Fidelity MSCI Industrials ETF	Industrials Sector	SECTOR	0.36	0.50	0.55	0.61
XLI	Industrial Select Sector SPDR	Industrials Sector	SECTOR	0.35	0.49	0.54	0.60
JETS	US Global Jets ETF	Airlines	SUB-IND	0.27	0.40	0.40	0.43
XAR	SPDR S&P Aerospace & Defense	Aerospace & Defense (Equal Wt)	INDUSTRY	0.19	0.30	0.36	0.47
PPA	Invesco Aerospace & Defense ETF	Aerospace & Defense	INDUSTRY	0.19	0.31	0.37	0.48
BOTZ	Global X Robotics & AI	Robotics & AI	SECTOR	0.18	0.31	0.39	0.46
ITA	iShares Aerospace & Defense ETF	Aerospace & Defense	INDUSTRY	0.15	0.26	0.32	0.44

NEXT STEPS

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Replacement research for LSTR's peers

WERN MRTN RXO HTLD ARCB SNDR KNX R FDXF

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Method: Pearson correlation of daily closing-price returns, Yahoo Finance data, series aligned by trading day, refreshed weekly. A cell is blank when overlapping history covers less than 60% of its window. Correlation is descriptive, not predictive. Wash-sale treatment depends on facts and circumstances — confirm with a tax professional. Not investment advice.