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Goodwill (Tables)
9 Months Ended
Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Changes in Carrying Amount of Goodwill
Goodwill represents the excess of the purchase price of acquisitions over the fair value of the identifiable net assets acquired. Our goodwill balance as of September 30, 2024 and December 31, 2023 was $331.7 million and was comprised of $317.5 million and $14.2 million in our Truckload and Logistics segments, respectively. As of September 30, 2024 and December 31, 2023, our Truckload segment had accumulated goodwill impairment charges of $34.6 million.
Schedule of Finite-Lived Intangible Assets
September 30, 2024December 31, 2023
(in millions)Gross
Carrying
Amount
Accumulated AmortizationNet
Carrying
Amount
Gross
Carrying
Amount
Accumulated AmortizationNet
Carrying
Amount
Customer relationships$43.5 $4.0 $39.5 $43.5 $1.8 $41.7 
Trademarks10.9 2.2 8.7 10.9 1.5 9.4 
Non-compete agreements5.4 1.3 4.1 5.4 0.4 5.0 
Total intangible assets$59.8 $7.5 $52.3 $59.8 $3.7 $56.1 
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense
Estimated future amortization expense related to intangible assets is as follows:
(in millions)September 30, 2024
Remaining 2024$1.2 
20255.0 
20265.0 
20275.0 
20284.6 
2029 and thereafter31.5 
Total$52.3