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OPERATING SEGMENT DATA (Tables) | 3 Months Ended
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Mar. 31, 2025
OPERATING SEGMENT DATA |
Schedule of reportable operating segment information from continuing operations | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​
​ | ​ | March 31 | ​
​ |  | 2025 |  | 2024 |
​ | ​ | (in thousands)
REVENUES | ​ | ​ | ​ | ​ | ​ | ​ | ​
Asset-Based | ​ | $ | 646,294 | ​ | $ | 671,467 |
Asset-Light | ​ |  | 356,012 | ​ |  | 396,363 | ​
Other and eliminations | ​ |  | (35,229) | ​ |  | (31,411) | ​
Total consolidated revenues |  | $ | 967,077 |  | $ | 1,036,419 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
OPERATING EXPENSES | ​ | ​ | ​ | ​ | ​ | ​ | ​
Asset-Based | ​ | ​ | ​ | ​ | ​ | ​ | ​
Salaries, wages, and benefits | ​ | $ | 344,141 | ​ | $ | 344,999 |
Fuel, supplies, and expenses | ​ |  | 77,642 | ​ |  | 81,044 | ​
Operating taxes and licenses | ​ |  | 13,112 | ​ |  | 13,529 | ​
Insurance | ​ |  | 17,963 | ​ |  | 14,482 | ​
Communications and utilities | ​ |  | 5,810 | ​ |  | 4,799 | ​
Depreciation and amortization | ​ |  | 30,590 | ​ |  | 27,007 | ​
Rents and purchased transportation | ​ |  | 67,161 | ​ |  | 65,671 | ​
Shared services | ​ | ​ | 62,443 | ​ | ​ | 64,914 | ​
Loss on sale of property and equipment | ​ |  | 23 | ​ |  | 149 | ​
Other | ​ |  | 992 | ​ |  | 1,417 | ​
Total Asset-Based | ​ |  | 619,877 | ​ |  | 618,011 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Asset-Light | ​ | ​ | ​ | ​ | ​ | ​ | ​
Purchased transportation | ​ |  | 304,614 | ​ |  | 344,122 | ​
Salaries, wages, and benefits | ​ | ​ | 25,549 | ​ |  | 30,304 | ​
Supplies and expenses | ​ |  | 1,739 | ​ |  | 2,809 | ​
Depreciation and amortization(1) | ​ |  | 4,618 | ​ |  | 5,078 | ​
Shared services | ​ | ​ | 17,981 | ​ | ​ | 16,274 | ​
Contingent consideration(2) | ​ | ​ | — | ​ | ​ | 7,320 | ​
Other | ​ | ​ | 5,891 | ​ |  | 5,714 | ​
Total Asset-Light | ​ |  | 360,392 | ​ |  | 411,621 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Other and eliminations | ​ |  | (19,822) | ​ |  | (15,648) |
Total consolidated operating expenses | ​ | $ | 960,447 | ​ | $ | 1,013,984 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
OPERATING INCOME (LOSS) FROM CONTINUING OPERATIONS | ​ | ​ | ​ | ​ | ​ | ​ | ​
Asset-Based | ​ | $ | 26,417 | ​ | $ | 53,456 | ​
Asset-Light | ​ |  | (4,380) | ​ |  | (15,258) | ​
Other and eliminations | ​ |  | (15,407) | ​ |  | (15,763) | ​
Total consolidated operating income | ​ | $ | 6,630 | ​ | $ | 22,435 | ​
OTHER INCOME (COSTS) FROM CONTINUING OPERATIONS | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest and dividend income | ​ | $ | 1,150 | ​ | $ | 3,315 | ​
Interest and other related financing costs | ​ |  | (2,755) | ​ |  | (2,228) | ​
Other, net(3) | ​ |  | (851) | ​ |  | (28,199) | ​
Total other income (costs) | ​ |  | (2,456) | ​ |  | (27,112) | ​
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES | ​ | $ | 4,174 | ​ | $ | (4,677) | ​
(1) | Depreciation and amortization includes amortization of intangibles associated with acquired businesses.
(2) | Represents the change in fair value of the contingent earnout consideration related to the MoLo acquisition (see Note B).
(3) | The three months ended March 31, 2024 includes a noncash impairment charge to write off the Company’s equity investment in Phantom Auto, as previously discussed (see Note B).
​
Schedule of revenues from customers and intersegment revenues | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Three Months Ended | ​
​ | ​ | March 31 | ​
​ |  | 2025 |  | 2024 |
​ | ​ | (in thousands)
Revenues from customers | ​ | ​ | ​ | ​ | ​ | ​ | ​
Asset-Based | ​ | $ | 611,335 | ​ | $ | 640,576 |
Asset-Light | ​ |  | 354,568 | ​ |  | 394,825 | ​
Other | ​ |  | 1,174 | ​ |  | 1,018 | ​
Total consolidated revenues |  | $ | 967,077 |  | $ | 1,036,419 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Intersegment revenues | ​ | ​ | ​ | ​ | ​ | ​ | ​
Asset-Based | ​ | $ | 34,959 | ​ | $ | 30,891 | ​
Asset-Light | ​ | ​ | 1,444 | ​ | ​ | 1,538 | ​
Other and eliminations | ​ | ​ | (36,403) | ​ | ​ | (32,429) | ​
Total intersegment revenues | ​ | $ | — |  | $ | — |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total segment revenues | ​ | ​ | ​ | ​ | ​ | ​ | ​
Asset-Based | ​ | $ | 646,294 | ​ | $ | 671,467 | ​
Asset-Light | ​ | ​ | 356,012 | ​ | ​ | 396,363 | ​
Other and eliminations | ​ | ​ | (35,229) | ​ | ​ | (31,411) | ​
Total consolidated revenues | ​ | $ | 967,077 | ​ | $ | 1,036,419 | ​
Schedule of consolidated operating expenses by component | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Three Months Ended | ​
​ | ​ | March 31 | ​
​ |  | 2025 |  | 2024 |
​ |  | (in thousands) | ​
OPERATING EXPENSES | ​ | ​ | ​ | ​ | ​ | ​ | ​
Salaries, wages, and benefits | ​ | $ | 431,888 | ​ | $ | 439,523 | ​
Rents, purchased transportation, and other costs of services | ​ |  | 333,770 | ​ |  | 375,319 | ​
Fuel, supplies, and expenses | ​ |  | 105,946 | ​ |  | 109,522 | ​
Depreciation and amortization(1) | ​ |  | 39,964 | ​ |  | 36,833 | ​
Contingent consideration(2) | ​ | ​ | — | ​ | ​ | 7,320 | ​
Other | ​ |  | 48,879 | ​ |  | 45,467 | ​
​ | ​ | $ | 960,447 | ​ | $ | 1,013,984 | ​
(1) | Includes amortization of intangible assets.
(2) | Represents the change in fair value of the contingent earnout consideration related to the MoLo acquisition (see Note B).
​

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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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