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SEGMENT REPORTING (Tables)

6 Months Ended

Jun. 30, 2025

Segment Reporting [Abstract]

Summary of Segment Information

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
			NAST						Global Forwarding						Total
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 income			163,991						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
			NAST						Global Forwarding						Total
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 income			141,102						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
			NAST						Global Forwarding						Total
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 income			307,662						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
			NAST						Global Forwarding						Total
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 income			249,997						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):

			NAST						Global Forwarding						All Other and Corporate						Consolidated
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 headcount			5,283						4,436						3,139						12,858
			NAST						Global Forwarding						All Other and Corporate						Consolidated
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 headcount			5,868						4,652						3,954						14,474
			NAST						Global Forwarding						All Other and Corporate						Consolidated
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 headcount			5,283						4,469						3,414						13,166
			NAST						Global Forwarding						All Other and Corporate						Consolidated
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 headcount			5,929						4,770						4,032						14,731

_________________________________________

(1) All cash and cash equivalents are included in All Other and Corporate.

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

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- References

No definition available.

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