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v3.23.2

Segment Reporting (Tables) | 6 Months Ended
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Jun. 30, 2023
Segment Reporting [Abstract] |
Summary of Segment Information | Segment results from operations for the three and six months ended June 30, 2023 and 2022 are as follows:
|  | Three Months Ended June 30, 2023
|  | Expedited Freight |  | Intermodal |  |  |  | Corporate |  | Eliminations |  | Consolidated
External revenues |  | $ | 337,957 |  |  | $ | 64,225 |  |  |  |  | $ | — |  |  | $ | — |  |  | $ | 402,182 |
Intersegment revenues |  | 39 |  |  | 26 |  |  |  |  | — |  |  | (65) |  |  | — |
Depreciation |  | 7,761 |  |  | 2,245 |  |  |  |  | — |  |  | — |  |  | 10,006 |
Amortization |  | 1,946 |  |  | 2,561 |  |  |  |  | — |  |  | — |  |  | 4,507 |
Income (loss) from operations |  | 30,949 |  |  | 4,312 |  |  |  |  | (5,050) |  |  | — |  |  | 30,211 |
Purchases of property and equipment |  | 10,399 |  |  | 387 |  |  |  |  | — |  |  | — |  |  | 10,786 |
|  | Three Months Ended June 30, 2022
|  | Expedited Freight |  | Intermodal |  |  |  | Corporate |  | Eliminations |  | Consolidated
External revenues |  | $ | 408,814 |  |  | $ | 106,405 |  |  |  |  | $ | — |  |  | $ | — |  |  | $ | 515,219 |
Intersegment revenues |  | 43 |  |  | 6 |  |  |  |  | — |  |  | (49) |  |  | — |
Depreciation |  | 6,007 |  |  | 1,644 |  |  |  |  | 62 |  |  | — |  |  | 7,713 |
Amortization |  | 1,810 |  |  | 2,072 |  |  |  |  | — |  |  | — |  |  | 3,882 |
Income (loss) from operations |  | 63,107 |  |  | 15,249 |  |  |  |  | (2,811) |  |  | — |  |  | 75,545 |
Purchases of property and equipment |  | 8,765 |  |  | — |  |  |  |  | — |  |  | — |  |  | 8,765 |
|  | Six Months Ended June 30, 2023
|  | Expedited Freight |  | Intermodal |  |  |  | Corporate |  | Eliminations |  | Consolidated - Continuing Operations
External revenues |  | $ | 676,861 |  |  | $ | 152,387 |  |  |  |  | $ | — |  |  | $ | — |  |  | $ | 829,248 |
Intersegment revenues |  | 69 |  |  | 33 |  |  |  |  | — |  |  | (102) |  |  | — |
Depreciation |  | 14,749 |  |  | 4,430 |  |  |  |  | — |  |  | — |  |  | 19,179 |
Amortization |  | 3,847 |  |  | 5,122 |  |  |  |  | — |  |  | — |  |  | 8,969 |
Income from operations |  | 63,947 |  |  | 15,515 |  |  |  |  | 1,258 |  |  | — |  |  | 80,720 |
Purchases of property and equipment |  | 17,012 |  |  | 563 |  |  |  |  | — |  |  | — |  |  | 17,575 |
|  | Six Months Ended June 30, 2022
|  | Expedited Freight |  | Intermodal |  |  |  | Corporate |  | Eliminations |  | Consolidated - Continuing Operations
External revenues |  | $ | 785,340 |  |  | $ | 196,840 |  |  |  |  | $ | — |  |  | $ | — |  |  | $ | 982,180 |
Intersegment revenues |  | 108 |  |  | 11 |  |  |  |  | — |  |  | (119) |  |  | — |
Depreciation |  | 11,679 |  |  | 2,984 |  |  |  |  | 101 |  |  | — |  |  | 14,764 |
Amortization |  | 3,619 |  |  | 4,342 |  |  |  |  | — |  |  | — |  |  | 7,961 |
Income (loss) from operations |  | 110,787 |  |  | 26,395 |  |  |  |  | (4,286) |  |  | — |  |  | 132,896 |
Purchases of property and equipment |  | 17,721 |  |  | 952 |  |  |  |  | — |  |  | — |  |  | 18,673 |
Total Assets |  |  |  |  |  |  |  |  |  |  |  |
As of June 30, 2023 |  | $ | 737,387 |  |  | $ | 282,077 |  |  |  |  | $ | 165,198 |  |  | $ | (89) |  |  | $ | 1,184,573 |
As of December 31, 2022 |  | 683,386 |  |  | 322,001 |  |  |  |  | 202,756 |  |  | (67) |  |  | 1,208,076 |
Revenue from the individual services within the Expedited Freight segment for the three and six months ended June 30, 2023 and 2022 are as follows:
|  | Three Months Ended |  | Six Months Ended
|  | June 30, 2023 |  | June 30, 2022 |  | June 30, 2023 |  | June 30, 2022
Expedited Freight revenues: |  |  |  |  |  |  |  |
Network |  | $ | 205,762 |  |  | $ | 251,872 |  |  | $ | 411,693 |  |  | $ | 485,572 |
Truckload |  | 40,432 |  |  | 60,144 |  |  | 82,176 |  |  | 116,052 |
Final Mile |  | 68,560 |  |  | 73,028 |  |  | 137,917 |  |  | 138,786 |
Other |  | 23,242 |  |  | 23,813 |  |  | 45,144 |  |  | 45,038 |
Total |  | $ | 337,996 |  |  | $ | 408,857 |  |  | $ | 676,930 |  |  | $ | 785,448 |

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