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SEGMENT REPORTING (Tables)

9 Months Ended

Sep. 30, 2025

Segment Reporting [Abstract]

Summary of Segment Information

Reportable segment information is as follows for the three months ended September 30, 2025 and 2024 (dollars in thousands):

			Three Months Ended September 30, 2025
			NAST						Global Forwarding						Total
Revenues from external customers			$	2,965,694					$	786,347					$	3,752,041
Other revenues from external customers(1)															384,805
Total consolidated revenues															4,136,846
Less significant segment expenses:
Purchased transportation and related services (2)			2,521,555						594,592
Personnel expenses (2)			162,086						92,507
Other selling, general, and administrative expenses (2)			109,175						50,227
Segment operating income			172,878						49,021						221,899
Other operating income (loss)(1)															(1,063)
Total consolidated operating income															220,836
Interest and other income/expenses, net															(15,602)
Income before provision for income taxes															$	205,234

			Three Months Ended September 30, 2024
			NAST						Global Forwarding						Total
Revenues from external customers			$	2,934,617					$	1,141,190					$	4,075,807
Other revenues from external customers(1)															568,834
Total consolidated revenues															4,644,641
Less significant segment expenses:
Purchased transportation and related services (2)			2,513,953						906,554
Personnel expenses (2)			164,122						92,419
Other selling, general, and administrative expenses (2)			107,775						54,102
Segment operating income			148,767						88,115						236,882
Other operating income (loss)(1)															(56,763)
Total consolidated operating income															180,119
Interest and other income/expenses, net															(36,282)
Income before provision for income taxes															$	143,837

_______________________________________

(1) Other revenues from external customers 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 nine months ended September 30, 2025 and 2024 (dollars in thousands):

			Nine Months Ended September 30, 2025
			NAST						Global Forwarding						Total
Revenues from external customers			$	8,752,341					$	2,359,035					$	11,111,376
Other revenues from external customers(1)															1,208,753
Total consolidated revenues															12,320,129
Less significant segment expenses:
Purchased transportation and related services(2)			7,457,630						1,795,071
Personnel expenses(2)			483,070						268,295
Other selling, general, and administrative expenses(2)			331,101						152,375
Segment operating income			480,540						143,294						623,834
Other operating income (loss)(1)															(10,226)
Total consolidated operating income															613,608
Interest and other income/expenses, net															(57,679)
Income before provision for income taxes															$	555,929

			Nine Months Ended September 30, 2024
			NAST						Global Forwarding						Total
Revenues from external customers			$	8,924,839					$	2,921,050					$	11,845,889
Other revenues from external customers(1)															1,694,411
Total consolidated revenues															13,540,300
Less significant segment expenses:
Purchased transportation and related services(2)			7,687,408						2,322,302
Personnel expenses(2)			510,110						279,077
Other selling, general, and administrative expenses(2)			328,557						159,022
Segment operating income			398,764						160,649						559,413
Other operating income (loss)(1)															(74,071)
Total consolidated operating income															485,342
Interest and other income/expenses, net															(74,587)
Income before provision for income taxes															$	410,755

_______________________________________

(1) Other revenues from external customers 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 nine months ended 2025 and 2024 (dollars in thousands):

			NAST						Global Forwarding						All Other and Corporate						Consolidated
Three Months Ended September 30, 2025
Depreciation and amortization			$	4,874					$	2,250					$	18,705					$	25,829
Total assets(1)			2,978,317						1,233,692						1,015,845						5,227,854
Average employee headcount			5,187						4,245						3,127						12,559
			NAST						Global Forwarding						All Other and Corporate						Consolidated
Three Months Ended September 30, 2024
Depreciation and amortization			$	4,904					$	2,608					$	16,436					$	23,948
Total assets(1)			3,026,031						1,566,427						1,020,897						5,613,355
Average employee headcount			5,595						4,552						3,938						14,085
			NAST						Global Forwarding						All Other and Corporate						Consolidated
Nine Months Ended September 30, 2025
Depreciation and amortization			$	14,498					$	6,577					$	55,262					$	76,337
Total assets(1)			2,978,317						1,233,692						1,015,845						5,227,854
Average employee headcount			5,234						4,380						3,339						12,953
			NAST						Global Forwarding						All Other and Corporate						Consolidated
Nine Months Ended September 30, 2024
Depreciation and amortization			$	15,779					$	8,245					$	48,856					$	72,880
Total assets(1)			3,026,031						1,566,427						1,020,897						5,613,355
Average employee headcount			5,800						4,714						4,023						14,537

_________________________________________

(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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