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Business Segment Information | 6 Months Ended
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Jun. 30, 2025
Segment Reporting [Abstract] |
Business Segment Information | Note 8. Business Segment Information The Company is organized functionally in geographic operating segments. Accordingly, when evaluating the effectiveness of geographic segments, management focuses its attention on revenues, directly related cost of transportation and other expenses for each of the Company’s three primary sources of revenues, as well as, salaries and related costs, other operating expenses, depreciation and amortization, operating income, identifiable assets, capital expenditures and equity generated in each of these geographical areas. The President and Chief Executive Officer was determined to be the CODM, as in his capacity he is responsible for setting company strategies and initiatives, establishing company policies, allocating company resources and assessing the performance of the Company’s business segments. Operating income is the primary measure of business segments' profit or loss that is most consistent with the measurement principles of U.S.GAAP and no items below operating income are allocated to segments. The CODM uses operating income to review financial performance, progress of the Company's strategic initiatives and to determine compensation of segment managers. Transactions among the Company’s various offices are conducted using the same arms-length pricing methodologies the Company uses when its offices transact business with independent agents. Certain costs are allocated among the segments based on the relative value of the underlying services, which can include allocation based on actual costs incurred or estimated cost plus a profit margin. There were no significant changes to allocate or measure expenses used to determine segment profit or loss. Financial information regarding the Company’s operations by geographic area is as follows:
|  | UNITED STATES |  | OTHER NORTH AMERICA |  |  | LATIN AMERICA |  |  | NORTH ASIA |  |  | SOUTH ASIA |  |  | EUROPE |  |  | MIDDLE EAST, AFRICA AND INDIA |  |  | ELIMI- NATIONS |  |  | CONSOLI- DATED |
For the three months ended June 30, 2025: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  | $ | 877,325 |  |  | 108,128 |  |  |  | 66,904 |  |  |  | 636,785 |  |  |  | 359,531 |  |  |  | 449,712 |  |  |  | 155,458 |  |  |  | (1,958 | ) |  |  | 2,651,885 |
Directly related cost of transportation and other expenses 1 |  | $ | 454,354 |  |  | 67,428 |  |  |  | 40,945 |  |  |  | 507,413 |  |  |  | 277,355 |  |  |  | 293,878 |  |  |  | 113,243 |  |  |  | (1,259 | ) |  |  | 1,753,357 |
Salaries and related costs |  | $ | 266,018 |  |  | 20,205 |  |  |  | 11,030 |  |  |  | 36,686 |  |  |  | 28,567 |  |  |  | 88,913 |  |  |  | 19,917 |  |  |  | — |  |  |  | 471,336 |
Other operating expenses 2 |  | $ | 31,859 |  |  | 16,726 |  |  |  | 9,745 |  |  |  | 36,820 |  |  |  | 28,117 |  |  |  | 41,878 |  |  |  | 15,015 |  |  |  | (704 | ) |  |  | 179,456 |
Operating income |  | $ | 125,094 |  |  | 3,769 |  |  |  | 5,184 |  |  |  | 55,866 |  |  |  | 25,492 |  |  |  | 25,043 |  |  |  | 7,283 |  |  |  | 5 |  |  |  | 247,736 |
Identifiable assets at period end |  | $ | 2,554,090 |  |  | 186,248 |  |  |  | 105,069 |  |  |  | 523,858 |  |  |  | 354,318 |  |  |  | 789,514 |  |  |  | 286,466 |  |  |  | (13,082 | ) |  |  | 4,786,481 |
Capital expenditures |  | $ | 6,146 |  |  | 257 |  |  |  | 274 |  |  |  | 4,545 |  |  |  | 1,189 |  |  |  | 1,928 |  |  |  | 1,536 |  |  |  | — |  |  |  | 15,875 |
Depreciation and amortization |  | $ | 7,896 |  |  | 499 |  |  |  | 253 |  |  |  | 1,176 |  |  |  | 622 |  |  |  | 2,791 |  |  |  | 610 |  |  |  | — |  |  |  | 13,847 |
Equity |  | $ | 1,475,449 |  |  | 57,602 |  |  |  | 37,810 |  |  |  | 192,012 |  |  |  | 119,338 |  |  |  | 191,551 |  |  |  | 162,159 |  |  |  | (38,638 | ) |  |  | 2,197,283 |
For the three months ended June 30, 2024: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  | $ | 779,170 |  |  | 110,723 |  |  |  | 45,314 |  |  |  | 637,351 |  |  |  | 287,943 |  |  |  | 409,455 |  |  |  | 170,349 |  |  |  | (1,304 | ) |  |  | 2,439,001 |
Directly related cost of transportation and other expenses 1 |  | $ | 423,102 |  |  | 65,374 |  |  |  | 24,640 |  |  |  | 512,146 |  |  |  | 223,238 |  |  |  | 262,451 |  |  |  | 128,949 |  |  |  | (492 | ) |  |  | 1,639,408 |
Salaries and related costs |  | $ | 238,974 |  |  | 19,976 |  |  |  | 8,860 |  |  |  | 35,955 |  |  |  | 24,463 |  |  |  | 80,088 |  |  |  | 18,115 |  |  |  | — |  |  |  | 426,431 |
Other operating expenses 2 |  | $ | 24,701 |  |  | 14,363 |  |  |  | 5,691 |  |  |  | 34,807 |  |  |  | 18,621 |  |  |  | 39,625 |  |  |  | 12,237 |  |  |  | (802 | ) |  |  | 149,243 |
Operating income |  | $ | 92,393 |  |  | 11,010 |  |  |  | 6,123 |  |  |  | 54,443 |  |  |  | 21,621 |  |  |  | 27,291 |  |  |  | 11,048 |  |  |  | (10 | ) |  |  | 223,919 |
Identifiable assets at period end |  | $ | 2,566,053 |  |  | 173,764 |  |  |  | 93,967 |  |  |  | 626,892 |  |  |  | 336,598 |  |  |  | 738,068 |  |  |  | 284,672 |  |  |  | (31,673 | ) |  |  | 4,788,341 |
Capital expenditures |  | $ | 2,948 |  |  | 575 |  |  |  | 129 |  |  |  | 355 |  |  |  | 1,955 |  |  |  | 1,094 |  |  |  | 887 |  |  |  | — |  |  |  | 7,943 |
Depreciation and amortization |  | $ | 9,106 |  |  | 535 |  |  |  | 278 |  |  |  | 1,098 |  |  |  | 419 |  |  |  | 2,784 |  |  |  | 759 |  |  |  | — |  |  |  | 14,979 |
Equity |  | $ | 1,546,936 |  |  | 32,700 |  |  |  | 41,135 |  |  |  | 163,913 |  |  |  | 129,886 |  |  |  | 151,165 |  |  |  | 153,155 |  |  |  | (40,463 | ) |  |  | 2,178,427 |
|  | UNITED STATES |  | OTHER NORTH AMERICA |  |  | LATIN AMERICA |  |  | NORTH ASIA |  |  | SOUTH ASIA |  |  | EUROPE |  |  | MIDDLE EAST, AFRICA AND INDIA |  |  | ELIMI- NATIONS |  |  | CONSOLI- DATED |
For the six months ended June 30, 2025: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  | $ | 1,731,774 |  |  | 224,613 |  |  |  | 129,293 |  |  |  | 1,331,793 |  |  |  | 724,108 |  |  |  | 872,507 |  |  |  | 308,330 |  |  |  | (4,114 | ) |  |  | 5,318,304 |
Directly related cost of transportation and other expenses 1 |  | $ | 906,271 |  |  | 140,621 |  |  |  | 77,380 |  |  |  | 1,061,907 |  |  |  | 558,850 |  |  |  | 565,594 |  |  |  | 222,091 |  |  |  | (2,682 | ) |  |  | 3,530,032 |
Salaries and related costs |  | $ | 524,107 |  |  | 39,797 |  |  |  | 21,468 |  |  |  | 77,047 |  |  |  | 56,639 |  |  |  | 170,462 |  |  |  | 39,753 |  |  |  | — |  |  |  | 929,273 |
Other operating expenses 2 |  | $ | 54,407 |  |  | 31,554 |  |  |  | 19,659 |  |  |  | 74,566 |  |  |  | 51,402 |  |  |  | 85,237 |  |  |  | 30,043 |  |  |  | (1,463 | ) |  |  | 345,405 |
Operating income |  | $ | 246,989 |  |  | 12,641 |  |  |  | 10,786 |  |  |  | 118,273 |  |  |  | 57,217 |  |  |  | 51,214 |  |  |  | 16,443 |  |  |  | 31 |  |  |  | 513,594 |
Identifiable assets at period end |  | $ | 2,554,090 |  |  | 186,248 |  |  |  | 105,069 |  |  |  | 523,858 |  |  |  | 354,318 |  |  |  | 789,514 |  |  |  | 286,466 |  |  |  | (13,082 | ) |  |  | 4,786,481 |
Capital expenditures |  | $ | 14,553 |  |  | 483 |  |  |  | 499 |  |  |  | 5,050 |  |  |  | 2,063 |  |  |  | 3,084 |  |  |  | 3,295 |  |  |  | — |  |  |  | 29,027 |
Depreciation and amortization |  | $ | 16,834 |  |  | 996 |  |  |  | 504 |  |  |  | 2,232 |  |  |  | 1,192 |  |  |  | 5,437 |  |  |  | 1,256 |  |  |  | — |  |  |  | 28,451 |
Equity |  | $ | 1,475,449 |  |  | 57,602 |  |  |  | 37,810 |  |  |  | 192,012 |  |  |  | 119,338 |  |  |  | 191,551 |  |  |  | 162,159 |  |  |  | (38,638 | ) |  |  | 2,197,283 |
For the six months ended June 30, 2024: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  | $ | 1,530,713 |  |  | 217,573 |  |  |  | 89,806 |  |  |  | 1,182,292 |  |  |  | 515,662 |  |  |  | 807,772 |  |  |  | 304,455 |  |  |  | (2,594 | ) |  |  | 4,645,679 |
Directly related cost of transportation and other expenses 1 |  | $ | 827,051 |  |  | 132,084 |  |  |  | 49,104 |  |  |  | 938,620 |  |  |  | 387,262 |  |  |  | 516,970 |  |  |  | 222,741 |  |  |  | (1,144 | ) |  |  | 3,072,688 |
Salaries and related costs |  | $ | 472,287 |  |  | 38,882 |  |  |  | 17,707 |  |  |  | 70,897 |  |  |  | 47,380 |  |  |  | 157,660 |  |  |  | 34,780 |  |  |  | — |  |  |  | 839,593 |
Other operating expenses 2 |  | $ | 47,096 |  |  | 28,541 |  |  |  | 13,608 |  |  |  | 67,125 |  |  |  | 36,616 |  |  |  | 79,141 |  |  |  | 24,036 |  |  |  | (1,460 | ) |  |  | 294,703 |
Operating income |  | $ | 184,279 |  |  | 18,066 |  |  |  | 9,387 |  |  |  | 105,650 |  |  |  | 44,404 |  |  |  | 54,001 |  |  |  | 22,898 |  |  |  | 10 |  |  |  | 438,695 |
Identifiable assets at period end |  | $ | 2,566,053 |  |  | 173,764 |  |  |  | 93,967 |  |  |  | 626,892 |  |  |  | 336,598 |  |  |  | 738,068 |  |  |  | 284,672 |  |  |  | (31,673 | ) |  |  | 4,788,341 |
Capital expenditures |  | $ | 8,476 |  |  | 1,974 |  |  |  | 282 |  |  |  | 637 |  |  |  | 2,099 |  |  |  | 3,312 |  |  |  | 1,344 |  |  |  | — |  |  |  | 18,124 |
Depreciation and amortization |  | $ | 18,126 |  |  | 1,032 |  |  |  | 567 |  |  |  | 2,191 |  |  |  | 967 |  |  |  | 5,754 |  |  |  | 1,503 |  |  |  | — |  |  |  | 30,140 |
Equity |  | $ | 1,546,936 |  |  | 32,700 |  |  |  | 41,135 |  |  |  | 163,913 |  |  |  | 129,886 |  |  |  | 151,165 |  |  |  | 153,155 |  |  |  | (40,463 | ) |  |  | 2,178,427 |
1 Directly related cost of transportation and other expenses totals operating expenses from airfreight services, ocean freight and ocean services and customs brokerage and other services as shown in the condensed consolidated statements of earnings. 2 Other operating expenses totals rent and occupancy, depreciation and amortization, selling and promotion and other as shown in the consolidated statements of earnings.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name 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