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Segment Information
 3 Months Ended
Mar. 31, 2024
Segment Reporting [Abstract]  
Segment Information Segment Information
Our principal operations are organized into three reportable segments: Warehouse, Transportation and Third-party managed. Our reportable segments are strategic business units separated by service offerings. Each reportable segment is managed separately and requires different operational and marketing strategies.
Our chief operating decision maker uses revenues and segment contribution to evaluate segment performance. We calculate segment contribution as earnings before interest expense, taxes, depreciation and amortization, and excluding corporate selling, general and administrative expense, acquisition, cyber incident and other expense, impairment of long-lived assets, gain or loss on sale of real estate and all components of non-operating other income and expense. Selling, general and administrative functions support all the business segments. Therefore,
the related expense is not allocated to segments as the chief operating decision maker does not use it to evaluate segment performance.
Segment contribution is not a measurement of financial performance under U.S. GAAP, and may not be comparable to similarly titled measures of other companies. Therefore, segment contribution should not be considered an alternative to operating income determined in accordance with U.S. GAAP.
The following table presents segment revenues and contributions with a reconciliation to loss from continuing operations before income taxes for the three months ended March 31, 2024 and 2023 (in thousands):
Three Months Ended March 31,
20242023
Segment revenues:
Warehouse$597,710 $595,052 
Transportation56,853 68,078 
Third-party managed10,417 13,359 
Total revenues664,980 676,489 
Segment contribution:
Warehouse197,131 174,827 
Transportation11,522 11,660 
Third-party managed2,183 1,079 
Total segment contribution210,836 187,566 
Reconciling items:
Depreciation and amortization(92,095)(85,024)
Selling, general, and administrative(65,426)(62,855)
Acquisition, cyber incident, and other, net(14,998)(7,147)
Gain (loss) on sale of real estate3,514 (191)
Interest expense(33,430)(34,423)
Other, net9,526 1,433 
Loss on debt extinguishment and termination of derivative instruments(5,182)(545)
Loss from investments in partially owned entities(949)(648)
Income (loss) from continuing operations before income taxes$11,796 $(1,834)