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SEGMENT REPORTING
 6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
SEGMENT REPORTING SEGMENT REPORTING
Our segments are based on our method of internal reporting, which generally segregates the segments by service line and the primary services they provide to our customers. The internal reporting of segments is aligned with the reporting and review process used by our chief operating decision maker (“CODM”), our Chief Executive Officer. We do not report our intersegment revenues by segment to our CODM and do not believe they are a meaningful metric for evaluating the performance of our reportable segments.
Our CODM utilizes segment operating income as the primary measure to evaluate the performance of our reportable segments. Operating income is an important measure of our ability to optimize our cost structure through innovation of our proprietary operating systems and accelerating the capabilities of our workforce. It also guides the allocation of resources, including employees, technology investments, and capital resource investments to each segment. Additionally, operating income is also an important measure of our ability to maintain pricing discipline and driving profitable growth while effectively serving our customers and contract carriers. We consider operating income to be our primary performance metric. The review of segment performance and the allocation of resources occurs primarily in the annual budgeting process and through a regular cadence of operating reviews to monitor the progress of strategic initiatives included in our enterprise balanced scorecard. We identify two reportable segments with all other segments included in “All Other and Corporate” as follows:
•North American Surface Transportation—NAST provides freight transportation services across North America through a network of offices in the United States, Canada, and Mexico. The primary services provided by NAST are truckload and less than truckload (“LTL”) transportation services.
•Global Forwarding—Global Forwarding provides global logistics services through an international network of offices in North America, Asia, Europe, Oceania, South America, and the Middle East and also contracts with independent agents worldwide. The primary services provided by Global Forwarding include ocean freight services, air freight services, and customs brokerage.
•All Other and Corporate—All Other and Corporate includes our Robinson Fresh and Managed Solutions segments, as well as Other Surface Transportation outside of North America and other miscellaneous revenues and unallocated corporate expenses. Robinson Fresh provides sourcing services including the buying, selling, and/or marketing of fresh fruits, vegetables, and other value-added perishable items. Managed Solutions provides Transportation Management Services, or Managed TMS. Other Surface Transportation revenues were primarily earned by our Europe Surface Transportation segment which was sold effective February 1, 2025. Europe Surface Transportation provided transportation and logistics services including truckload and LTL transportation services across Europe. Refer to Note 14, Divestitures, for further discussion related to the sale of our Europe Surface Transportation business.
The accounting policies of our reportable segments are the same as those described in the summary of significant accounting policies located in Note 1 of the Notes to Consolidated Financial Statements in our Annual Report on Form 10-K for the year ended December 31, 2024.
Reportable segment information is as follows for the three months ended June 30, 2025 and 2024 (dollars in thousands):

 
Three Months Ended June 30, 2025
NASTGlobal ForwardingTotal
Revenues from external customers$2,918,227 $797,800 $3,716,027 
Other revenues(1)
420,516 
Total consolidated revenues
4,136,543 
Less significant segment expenses:
Purchased transportation and related services (2)
2,485,979 610,219 
Personnel expenses (2)
158,174 88,059 
Other selling, general, and administrative expenses (2)
110,083 48,192 
Segment operating income163,991 51,330 215,321 
Other operating income (loss)(1)
598 
Total consolidated operating income
215,919 
Interest and other income/expenses, net
(22,026)
Income before provision for income taxes
$193,893 
 
Three Months Ended June 30, 2024
NASTGlobal ForwardingTotal
Revenues from external customers$2,989,909 $921,223 $3,911,132 
Other revenues(1)
572,216 
Total consolidated revenues
4,483,348 
Less significant segment expenses:
Purchased transportation and related services (2)
2,570,252 737,156 
Personnel expenses (2)
170,363 90,195 
Other selling, general, and administrative expenses (2)
108,192 52,890 
Segment operating income141,102 40,982 182,084 
Other operating income (loss)(1)
(3,994)
Total consolidated operating income
178,090 
Interest and other income/expenses, net
(21,525)
Income before provision for income taxes
$156,565 
_______________________________________
(1) Other revenues and other operating income (loss) are attributable to our Robinson Fresh and Managed Solutions segments, as well as Other Surface Transportation outside of North America and other miscellaneous revenues and unallocated corporate expenses.
(2) The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM.
Reportable segment information is as follows for the six months ended June 30, 2025 and 2024 (dollars in thousands):

 
Six Months Ended June 30, 2025
NASTGlobal ForwardingTotal
Revenues from external customers$5,786,647 $1,572,688 $7,359,335 
Other revenues(1)
823,948 
Total consolidated revenues
8,183,283 
Less significant segment expenses:
Purchased transportation and related services(2)
4,936,075 1,200,479 
Personnel expenses(2)
320,984 175,788 
Other selling, general, and administrative expenses(2)
221,926 102,148 
Segment operating income307,662 94,273 401,935 
Other operating income (loss)(1)
(9,163)
Total consolidated operating income
392,772 
Interest and other income/expenses, net
(42,077)
Income before provision for income taxes
$350,695 
 
Six Months Ended June 30, 2024
NASTGlobal ForwardingTotal
Revenues from external customers$5,990,222 $1,779,860 $7,770,082 
Other revenues(1)
1,125,577 
Total consolidated revenues
8,895,659 
Less significant segment expenses:
Purchased transportation and related services(2)
5,173,455 1,415,748 
Personnel expenses(2)
345,988 186,658 
Other selling, general, and administrative expenses(2)
220,782 104,920 
Segment operating income249,997 72,534 322,531 
Other operating income (loss)(1)
(17,308)
Total consolidated operating income
305,223 
Interest and other income/expenses, net
(38,305)
Income before provision for income taxes
$266,918 
_______________________________________
(1) Other revenues and other operating income (loss) are attributable to our Robinson Fresh and Managed Solutions segments, as well as Other Surface Transportation outside of North America and other miscellaneous revenues and unallocated corporate expenses.
(2) The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM.
Reportable segment information is as follows for the three and six months ended 2025 and 2024 (dollars in thousands):

NASTGlobal ForwardingAll Other and CorporateConsolidated
Three Months Ended June 30, 2025
Depreciation and amortization$4,815 $2,188 $17,863 $24,866 
Total assets(1)
2,971,926 1,332,889 1,017,096 5,321,911 
Average employee headcount5,283 4,436 3,139 12,858 
NASTGlobal ForwardingAll Other and CorporateConsolidated
Three Months Ended June 30, 2024
Depreciation and amortization$5,525 $2,793 $16,736 $25,054 
Total assets(1)
3,053,769 1,306,075 1,152,502 5,512,346 
Average employee headcount5,868 4,652 3,954 14,474 
NASTGlobal ForwardingAll Other and CorporateConsolidated
Six Months Ended June 30, 2025
Depreciation and amortization$9,624 $4,327 $36,557 $50,508 
Total assets(1)
2,971,926 1,332,889 1,017,096 5,321,911 
Average employee headcount5,283 4,469 3,414 13,166 
NASTGlobal ForwardingAll Other and CorporateConsolidated
Six Months Ended June 30, 2024
Depreciation and amortization$10,875 $5,637 $32,420 $48,932 
Total assets(1)
3,053,769 1,306,075 1,152,502 5,512,346 
Average employee headcount5,929 4,770 4,032 14,731 
_________________________________________
(1) All cash and cash equivalents are included in All Other and Corporate.