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Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2025

Segment Reporting [Abstract]

Schedule of our financial and operating data by segment

The following tables summarize our financial and operating data by segment for the three months ended June 30, 2025 and June 30, 2024 (in thousands):

Three Months Ended
June 30, 2025
	ITS			Logistics			Eliminations			Total
Operating revenue	$	528,184		$	404,310		$	(26,846	)	$	905,648
Operating expenses
Purchased transportation and warehousing		364,048			318,409			(26,553	)
Salaries and benefits		87,716			32,556			-
Depreciation and amortization		19,140			8,250			-
Insurance and claims		9,423			868			(293	)
General and administrative		8,298			6,233			-
Corporate allocations		25,018			18,053			-
(Gain) / loss on sale of assets, net		134			-			-
Total operating expenses		513,777			384,369			(26,846	)		871,300
Operating income	$	14,407		$	19,941		$	-		$	34,348

Three Months Ended
June 30, 2024
	ITS			Logistics			Eliminations			Total
Operating revenue	$	561,033		$	459,088		$	(33,626	)	$	986,495
Operating expenses
Purchased transportation and warehousing		397,129			363,424			(33,292	)
Salaries and benefits		84,157			35,029			-
Depreciation and amortization		24,045			8,021			-
Insurance and claims		10,012			1,542			(334	)
General and administrative		7,249			5,872			-
Corporate allocations		25,184			19,345			-
(Gain) / loss on sale of assets, net		(382	)		(34	)		-
Total operating expenses		547,394			433,199			(33,626	)		946,967
Operating income	$	13,639		$	25,889		$	-		$	39,528

The following tables summarize our financial and operating data by segment for the six months ended June 30, 2025 and June 30, 2024 (in thousands):

Six Months Ended
June 30, 2025
	ITS			Logistics			Eliminations			Total
Operating revenue	$	1,058,206		$	815,311		$	(52,653	)	$	1,820,864
Operating expenses
Purchased transportation and warehousing		727,962			637,929			(52,066	)
Salaries and benefits		177,247			67,412			-
Depreciation and amortization		38,089			16,536			-
Insurance and claims		18,323			2,460			(587	)
General and administrative		16,869			10,720			-
Corporate allocations		51,191			37,027			-
(Gain) / loss on sale of assets, net		68			(3	)		-
Total operating expenses		1,029,749			772,081			(52,653	)		1,749,177
Operating income	$	28,457		$	43,230		$	-		$	71,687

Six Months Ended
June 30, 2024
	ITS			Logistics			Eliminations			Total
Operating revenue	$	1,113,066		$	939,312		$	(66,390	)	$	1,985,988
Operating expenses
Purchased transportation and warehousing		785,334			747,850			(65,722	)
Salaries and benefits		169,558			69,737			-
Depreciation and amortization		48,103			16,841			-
Insurance and claims		19,855			3,327			(668	)
General and administrative		14,092			11,708			-
Corporate allocations		50,337			39,886			-
(Gain) / loss on sale of assets, net		(883	)		(34	)		-
Total operating expenses		1,086,396			889,315			(66,390	)		1,909,321
Operating income	$	26,670		$	49,997		$	-		$	76,667

The “Eliminations” column primarily relates to revenues for transportation management services provided to the Logistics segment and recognized as revenues in the ITS segment, and operating expenses incurred by the Logistics segment for these intercompany services.

Schedule of revenues from External Customers by Geographic Region

The following table summarizes our revenue from external customers by geographic region (in thousands):

	Three Months Ended								Six Months Ended
	June 30,								June 30,
	2025				2024				2025				2024
United States	$	878,479			$	986,362			$	1,769,045			$	1,985,740
Mexico		27,169				133				51,819				248
Revenue from external customers	$	905,648			$	986,495			$	1,820,864			$	1,985,988

X

- Definition

Tabular disclosure of revenue from external customers by geographic areas attributed to the entity's country of domicile and to foreign countries from which the entity derives revenue.

+ References

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-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 41
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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
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-Paragraph 30
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