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Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2024

Accounting Policies [Abstract]

Disaggregated Revenue

The composition of our revenue is summarized below:

		Year Ended December 31,
(In thousands)		2024				2023				2022
LTL services		$	5,761,105			$	5,804,939			$	6,177,055
Other services			53,705				61,213				83,022
Total revenue		$	5,814,810			$	5,866,152			$	6,260,077

Estimated Useful Lives of Property and Equipment

The following table provides the estimated useful lives by asset type:

Structures		7 to 30 years
Revenue equipment		4 to 15 years
Other equipment		2 to 20 years
Leasehold improvements		Lesser of economic life or life of lease

Summary of Accelerated Repurchase Activity

The table below summarizes our accelerated share repurchase activity settled in 2024 and 2022. We did not enter into any accelerated share repurchase agreements during 2023.

						Agreement
Agreement			Settlement			Amount				Initial Shares				Shares Received				Total Shares
Date			Date			(In millions)				Received				at Settlement				Received
August 2021			January 2022			$	250.0				1,310,730				246,820				1,557,550
February 2022			April 2022			$	400.0				2,036,314				745,618				2,781,932
May 2024			November 2024			$	200.0				923,201				133,012				1,056,213

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Tabular disclosure of accelerated share repurchase (ASR) programs. An ASR is a combination of transactions that permits an entity to purchase a targeted number of shares immediately with the final purchase price of those shares determined by an average market price over a fixed period of time. An accelerated share repurchase program is intended to combine the immediate share retirement benefits of a tender offer with the market impact and pricing benefits of a disciplined daily open market stock repurchase program. ASRs can be disclosed as part of stockholders' equity.

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-Topic 505
-SubTopic 30
-Name Accounting Standards Codification
-Section 25
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Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation.

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-Name Accounting Standards Codification
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