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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Net cash provided by operating activities    
Net income $ 84.4 $ 211.1
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 307.2 281.8
Gains on sales of property and equipment—net (2.8) (29.2)
Proceeds from lease receipts 46.3 57.7
Deferred income taxes (27.0) 51.7
Long-term incentive and share-based compensation expense 9.3 13.4
Losses (gains) on investments in equity securities—net 0.2 (20.5)
Other noncash items—net 1.7 0.8
Changes in operating assets and liabilities:    
Receivables 71.0 (5.0)
Other assets (22.7) (39.9)
Claims reserves and receivables—net 24.3 0.4
Payables (42.7) (24.5)
Other liabilities 37.4 (11.7)
Net cash provided by operating activities 486.6 486.1
Investing Activities:    
Purchases of transportation equipment (328.1) (500.6)
Purchases of other property and equipment (27.8) (33.9)
Proceeds from sale of property and equipment 81.3 106.2
Proceeds from sale of off-lease inventory 27.5 24.1
Purchases of lease equipment (45.5) (95.0)
Proceeds from government grants 2.2 0.0
Proceeds from marketable securities 7.8 5.2
Purchases of marketable securities (1.9) (16.2)
Investments in equity securities and equity method investment (0.1) (17.1)
Investments in notes receivable (2.5) (10.0)
Acquisition of business, net of cash acquired 0.0 239.5
Net cash used in investing activities (287.1) (776.8)
Financing Activities:    
Proceeds from lines of credit 65.0 166.0
Repayments of lines of credit (100.0) (75.0)
Proceeds from Issuance of Long-Term Debt 0.0 50.0
Payments of debt and finance lease obligations (3.4) (72.8)
Dividends paid (49.9) (47.7)
Repurchases of common stock (29.5) (51.0)
Other financing activities (5.1) (6.0)
Net cash used in financing activities (122.9) (36.5)
Net increase (decrease) in cash and cash equivalents 76.6 (327.2)
Cash and Cash Equivalents:    
Cash and cash equivalents, beginning balance 102.4 385.7
Cash and cash equivalents, ending balance 179.0 58.5
Noncash investing and financing activity:    
Transportation and lease equipment purchases in accounts payable 18.7 40.3
Dividends declared but not yet paid 17.3 17.0
Sale of assets in exchange for notes receivable 1.5 0.0
Noncash equity method investment 0.0 3.3
Cash paid (refunded) during the period for:    
Interest 12.3 7.8
Income taxes—net of refunds $ (1.9) $ 65.1