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Condensed Consolidated Statements of Earnings - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenues:        
Revenue from Contract with Customer, Excluding Assessed Tax $ 2,894,751 $ 3,000,131 $ 8,213,055 $ 7,645,810
Operating Expenses:        
Directly related cost of transportation and other expenses [1] 1,939,657 2,093,964 5,469,689 5,166,652
Salaries and related costs 490,437 450,308 1,419,710 1,289,901
Rent and occupancy 68,308 61,024 198,392 181,873
Depreciation and amortization 14,248 15,774 42,699 45,914
Selling and promotion 9,657 7,589 28,159 22,366
Other 84,402 69,948 252,770 198,885
Total operating expenses 2,606,709 2,698,607 7,411,419 6,905,591
Operating income 288,042 301,524 801,636 740,219
Other Income:        
Interest income 8,491 9,917 26,858 36,699
Other, net 1,640 973 3,529 4,599
Other income, net 10,131 10,890 30,387 41,298
Earnings before income taxes 298,173 312,414 832,023 781,517
Income tax expense 75,095 82,488 220,927 206,040
Net earnings 223,078 229,926 611,096 575,477
Less net earnings attributable to the noncontrolling interest 822 352 1,471 1,282
Net earnings attributable to shareholders $ 222,256 $ 229,574 $ 609,625 $ 574,195
Diluted earnings attributable to shareholders per share $ 1.64 $ 1.63 $ 4.46 $ 4.04
Basic earnings attributable to shareholders per share $ 1.65 $ 1.63 $ 4.47 $ 4.06
Weighted average diluted shares outstanding 135,285 141,027 136,790 142,288
Weighted average basic shares outstanding 134,956 140,417 136,346 141,540
Airfreight services        
Revenues:        
Revenue from Contract with Customer, Excluding Assessed Tax $ 1,020,258 $ 986,950 $ 2,873,805 $ 2,606,647
Operating Expenses:        
Directly related cost of transportation and other expenses 766,783 740,356 2,113,679 1,923,115
Ocean freight and ocean services        
Revenues:        
Revenue from Contract with Customer, Excluding Assessed Tax 746,120 1,017,618 2,203,567 2,240,079
Operating Expenses:        
Directly related cost of transportation and other expenses 542,304 783,827 1,599,680 1,675,931
Customs brokerage and other services        
Revenues:        
Revenue from Contract with Customer, Excluding Assessed Tax 1,128,373 995,563 3,135,683 2,799,084
Operating Expenses:        
Directly related cost of transportation and other expenses $ 630,570 $ 569,781 $ 1,756,330 $ 1,567,606
[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.