Oil prices sitting in the $60 to $80 range change the maths for companies that burn a lot of fuel, and that includes many airlines and transportation stocks in this screener. Lower input costs can support margins, but volatile energy markets can quickly flip the story. This article looks at 3 stocks exposed to the latest oil market news and already meeting size and quality filters, so you are not just chasing headlines. By the end, you will have a clearer view of which businesses could be relatively better placed, and which risks still deserve your attention.

XPO (XPO)

Overview: XPO is a freight transportation company that focuses on less than truckload (LTL) shipping in North America and a broad mix of trucking, brokerage, and logistics services across Europe, helping businesses move goods domestically and across borders on reliable schedules.

Operations: XPO generates about US$4.9b from its North American LTL segment and US$3.4b from European Transportation, with most revenue coming from the United States, followed by France and the United Kingdom.

Market Cap: US$23.1b

Investors watching oil prices may find XPO interesting because lower fuel costs directly affect one of its biggest expenses and could support profitability as the freight backdrop improves. The company is pushing AI driven routing and a younger tractor fleet to seek more productivity from each mile. At the same time, high debt, a rich P/E multiple and exposure to cyclical U.S. freight and rising labor costs mean the stock carries downside risk if conditions soften again. The key question for investors is whether XPO’s execution and cost discipline are enough to offset those pressures and justify its valuation.

XPO’s AI routing and younger fleet could be masking an even bigger story about how much profit potential is already priced into the stock. Before fuel and freight conditions shift again, review the 2 key rewards and 1 important warning sign

TFI International (TSX:TFII)

Overview: TFI International is a large North American transportation and logistics company that moves freight across the United States, Canada, and Mexico through less than truckload, truckload, and asset light logistics services, including brokerage and parcel delivery.

Operations: TFI International generates about US$3.3b from Less Than Truckload, US$3.1b from Truckload and US$1.6b from Logistics. Most revenue comes from the United States at US$5.5b, with the balance from Canada at about US$2.4b.

Market Cap: CA$16.7b

TFI International stands out in this screener because a drop in oil prices directly eases one of its biggest costs at the same time it is working on efficiency, digital tools, and higher value freight to support margins. Analysts expect faster earnings and revenue growth than the broader Canadian market. However, the company is carrying high debt, has recently reported falling earnings, and has seen meaningful insider selling, all of which raise questions about how much risk is already reflected in the current price. For investors, the tension between potential margin upside from lower fuel costs and freight recovery, and the pressure from leverage, pricing, and underutilized assets is where the real opportunity and risk sit.

TFI International’s push on efficiency and higher value freight could be quietly resetting its earnings profile, but the real story sits in how its balance sheet, pricing power, and oil exposure fit together in the analyst forecasts for TFI International

Schneider National (SNDR)

Overview: Schneider National is a large U.S. based trucking and logistics company that moves freight across North America through truckload, intermodal rail and container services, and asset light logistics such as brokerage, warehousing, and supply chain management.

Operations: Schneider National generates about US$2.5b from Truckload, US$1.3b from Logistics, US$1.1b from Intermodal and US$0.4b from Other activities, with revenue concentrated in the United States at about US$5.7b.

Market Cap: US$6.1b

Schneider National offers a diversified trucking, intermodal, and logistics business that is highly exposed to fuel costs, at a time when oil prices have eased and analysts expect earnings to grow quickly from a low base. Investments in technology, safety, and intermodal partnerships are intended to support more resilient margins as freight markets gradually tighten. A relatively low net debt leverage ratio has provided room for dividends and share buybacks. However, the stock already trades on a rich P/E and recent earnings and margins have been soft, so expectations are high and execution on cost control and pricing discipline is important. The key question is whether Schneider’s mix of recurring dedicated contracts and growth in intermodal will be sufficient to justify that optimism as conditions evolve.

Schneider National’s relatively high P/E ratio alongside its low leverage profile suggests the market might be overlooking how its earnings power could shift as freight and fuel conditions change, and the real twist sits inside the analyst forecasts for Schneider National

The three airlines and transportation stocks in this article are only a starting point. The full Airlines and Transportation Stocks screener surfaces 21 more large companies in the sector with equally compelling fuel, freight, and balance sheet narratives. Use Simply Wall St to identify, filter, and analyze the specific catalysts and stories that fit your view so you can focus on the highest conviction opportunities in this space.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.