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Segment Reporting (Tables) | 9 Months Ended
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Sep. 30, 2025
Segment Reporting [Abstract] |
Schedule of Financial and Operating Data by Segment | The following tables summarize our financial and operating data by segment for the three months ended September 30, 2025 and September 30, 2024 (in thousands):
Three Months Ended |
September 30, 2025 |
| ITS |  | Logistics |  | Eliminations |  | Total |
Operating revenue | $ | 561,487 |  | $ | 402,399 |  | $ | (29,390 | ) | $ | 934,496 |
Operating expenses |  |  |  |  |  |  |  |
Purchased transportation and warehousing |  | 396,632 |  |  | 316,125 |  |  | (29,099 | ) |  |
Salaries and benefits |  | 88,277 |  |  | 31,916 |  |  |  |  |
Depreciation and amortization |  | 17,970 |  |  | 8,248 |  |  |  |  |
Insurance and claims |  | 8,839 |  |  | 1,170 |  |  | (291 | ) |  |
General and administrative |  | 8,768 |  |  | 4,133 |  |  |  |  |
Corporate allocations |  | 25,678 |  |  | 17,232 |  |  |  |  |
(Gain) / loss on sale of assets, net |  | (545 | ) |  |  |  |  |  |
Total operating expenses |  | 545,619 |  |  | 378,824 |  |  | (29,390 | ) |  | 895,053 |
Operating income | $ | 15,868 |  | $ | 23,575 |  | $ | - |  | $ | 39,443 |
Three Months Ended |
September 30, 2024 |
| ITS |  | Logistics |  | Eliminations |  | Total |
Operating revenue | $ | 559,968 |  | $ | 460,847 |  | $ | (33,923 | ) | $ | 986,892 |
Operating expenses |  |  |  |  |  |  |  |
Purchased transportation and warehousing |  | 401,482 |  |  | 372,185 |  |  | (33,603 | ) |  |
Salaries and benefits |  | 85,575 |  |  | 34,750 |  |  |  |  |
Depreciation and amortization |  | 17,896 |  |  | 8,565 |  |  |  |  |
Insurance and claims |  | 7,848 |  |  | 1,443 |  |  | (320 | ) |  |
General and administrative |  | 7,861 |  |  | 5,139 |  |  |  |  |
Corporate allocations |  | 26,059 |  |  | 19,966 |  |  |  |  |
(Gain) / loss on sale of assets, net |  | (269 | ) |  | 216 |  |  |  |  |
Total operating expenses |  | 546,452 |  |  | 442,264 |  |  | (33,923 | ) |  | 954,793 |
Operating income | $ | 13,516 |  | $ | 18,583 |  | $ | - |  | $ | 32,099 |
The following tables summarize our financial and operating data by segment for the nine months ended September 30, 2025 and September 30, 2024 (in thousands):
Nine Months Ended |
September 30, 2025 |
| ITS |  | Logistics |  | Eliminations |  | Total |
Operating revenue | $ | 1,619,693 |  | $ | 1,217,710 |  | $ | (82,043 | ) | $ | 2,755,360 |
Operating expenses |  |  |  |  |  |  |  |
Purchased transportation and warehousing |  | 1,124,594 |  |  | 954,053 |  |  | (81,165 | ) |  |
Salaries and benefits |  | 265,524 |  |  | 99,329 |  |  |  |  |
Depreciation and amortization |  | 56,059 |  |  | 24,784 |  |  |  |  |
Insurance and claims |  | 27,162 |  |  | 3,629 |  |  | (878 | ) |  |
General and administrative |  | 25,637 |  |  | 14,853 |  |  |  |  |
Corporate allocations |  | 76,869 |  |  | 54,258 |  |  |  |  |
(Gain) / loss on sale of assets, net |  | (477 | ) |  |  |  |  |  |
Total operating expenses |  | 1,575,368 |  |  | 1,150,906 |  |  | (82,043 | ) |  | 2,644,231 |
Operating income | $ | 44,325 |  | $ | 66,804 |  | $ | - |  | $ | 111,129 |
Nine Months Ended |
September 30, 2024 |
| ITS |  | Logistics |  | Eliminations |  | Total |
Operating revenue | $ | 1,673,034 |  | $ | 1,400,159 |  | $ | (100,313 | ) | $ | 2,972,880 |
Operating expenses |  |  |  |  |  |  |  |
Purchased transportation and warehousing |  | 1,186,816 |  |  | 1,120,035 |  |  | (99,325 | ) |  |
Salaries and benefits |  | 255,132 |  |  | 104,486 |  |  |  |  |
Depreciation and amortization |  | 65,999 |  |  | 25,406 |  |  |  |  |
Insurance and claims |  | 27,703 |  |  | 4,770 |  |  | (988 | ) |  |
General and administrative |  | 21,953 |  |  | 16,847 |  |  |  |  |
Corporate allocations |  | 76,397 |  |  | 59,853 |  |  |  |  |
(Gain) / loss on sale of assets, net |  | (1,152 | ) |  | 182 |  |  |  |  |
Total operating expenses |  | 1,632,848 |  |  | 1,331,579 |  |  | (100,313 | ) |  | 2,864,114 |
Operating income | $ | 40,186 |  | $ | 68,580 |  | $ | - |  | $ | 108,766 |
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 |  |  | Nine Months Ended |
| September 30, |  |  | September 30, |
| 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
United States | $ | 905,799 |  |  | $ | 986,746 |  |  | $ | 2,674,843 |  |  | $ | 2,972,486 |
Mexico |  | 28,697 |  |  |  | 146 |  |  |  | 80,517 |  |  |  | 394 |
Revenue from external customers | $ | 934,496 |  |  | $ | 986,892 |  |  | $ | 2,755,360 |  |  | $ | 2,972,880 |

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- 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 + Details
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