XML 30 R16.htm IDEA: XBRL DOCUMENT v3.23.1
REVENUE FROM CONTRACTS WITH CUSTOMERS
3 Months Ended
Mar. 31, 2023
Revenue from Contract with Customer [Abstract]  
REVENUE FROM CONTRACTS WITH CUSTOMERS REVENUE FROM CONTRACTS WITH CUSTOMERS
A summary of our total revenues disaggregated by major service line and timing of revenue recognition is presented below for each of our reportable segments (in thousands):
Three Months Ended March 31, 2023
NASTGlobal ForwardingAll Other and CorporateTotal
Major Service Lines
Transportation and logistics services(1)
$3,304,187 $789,978 $233,800 $4,327,965 
Sourcing(2)
— — 283,705 283,705 
Total$3,304,187 $789,978 $517,505 $4,611,670 
Three Months Ended March 31, 2022
NASTGlobal ForwardingAll Other and CorporateTotal
Major Service Lines
Transportation and logistics services(1)
$4,114,889 $2,194,397 $219,065 $6,528,351 
Sourcing(2)
— — 287,602 287,602 
Total$4,114,889 $2,194,397 $506,667 $6,815,953 
____________________________________________
(1) Transportation and logistics services performance obligations are completed over time.
(2) Sourcing performance obligations are completed at a point in time.
We typically do not receive consideration and amounts are not due from our customers prior to the completion of our performance obligation and as such contract liabilities, as of March 31, 2023, and revenue recognized in the three months ended March 31, 2023 and 2022 resulting from contract liabilities, were not significant. Contract assets and accrued expenses-transportation expense fluctuate from period to period primarily based upon shipments in-transit at period end and the timing of customer invoicing.