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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables) | 6 Months Ended
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Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Goodwill | The change in carrying amount of goodwill is as follows (in thousands):
| NAST |  | Global Forwarding |  | All Other and Corporate |  | Total
Balance, December 31, 2023 | $ | 1,188,813 |  |  | $ | 207,599 |  |  | $ | 77,188 |  |  | $ | 1,473,600 |
Foreign currency translation | (2,486) |  |  | (1,830) |  |  | (679) |  |  | (4,995) |
Balance, June 30, 2024 | $ | 1,186,327 |  |  | $ | 205,769 |  |  | $ | 76,509 |  |  | $ | 1,468,605 |
Schedule of Intangible Assets | Identifiable intangible assets consisted of the following (in thousands):
| June 30, 2024 |  | December 31, 2023
| Cost |  | Accumulated Amortization |  | Net |  | Cost |  | Accumulated Amortization |  | Net
Finite-lived intangibles |  |  |  |  |  |  |  |  |  |  |
Customer relationships | $ | 92,366 |  |  | $ | (64,203) |  |  | $ | 28,163 |  |  | $ | 93,499 |  |  | $ | (58,437) |  |  | $ | 35,062 |
Indefinite-lived intangibles |  |  |  |  |  |  |  |  |  |  |
Trademarks | 8,600 |  |  | — |  |  | 8,600 |  |  | 8,600 |  |  | — |  |  | 8,600 |
Total intangibles | $ | 100,966 |  |  | $ | (64,203) |  |  | $ | 36,763 |  |  | $ | 102,099 |  |  | $ | (58,437) |  |  | $ | 43,662 |
Schedule of Amortization Expense | Amortization expense for other intangible assets is as follows (in thousands):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Amortization expense | $ | 3,303 |  |  | $ | 5,773 |  |  | $ | 6,616 |  |  | $ | 11,588 |
Schedule of Future Amortization of Finite-Lived Intangible Assets | Finite-lived intangible assets, by reportable segment, as of June 30, 2024, will be amortized over their remaining lives as follows (in thousands):
| NAST |  | Global Forwarding |  | All Other and Corporate |  | Total
Remainder of 2024 | $ | 3,966 |  |  | $ | 1,473 |  |  | $ | 538 |  |  | $ | 5,977 |
2025 | 7,857 |  |  | 2,279 |  |  | 1,076 |  |  | 11,212 |
2026 | 7,857 |  |  | 372 |  |  | 736 |  |  | 8,965 |
2027 | 1,310 |  |  | — |  |  | 493 |  |  | 1,803 |
2028 | — |  |  | — |  |  | 206 |  |  | 206 |
Total |  |  |  |  |  |  | $ | 28,163 |

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