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v3.23.3

Segment Reporting (Tables) | 9 Months Ended
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Sep. 30, 2023
Segment Reporting [Abstract] |
Schedule of Segment Information | Segment results from operations for the three and nine months ended September 30, 2023 and 2022 are as follows:
|  | Three Months Ended September 30, 2023
|  | Expedited Freight |  | Intermodal |  |  |  | Corporate |  | Eliminations |  | Consolidated
External revenues |  | $ | 351,312 |  |  | $ | 62,135 |  |  |  |  | $ | — |  |  | $ | — |  |  | $ | 413,447 |
Intersegment revenues |  | 34 |  |  | 48 |  |  |  |  | — |  |  | (82) |  |  | — |
Depreciation |  | 8,372 |  |  | 2,626 |  |  |  |  | — |  |  | — |  |  | 10,998 |
Amortization |  | 1,947 |  |  | 2,561 |  |  |  |  | — |  |  | — |  |  | 4,508 |
Income (loss) from operations |  | 36,351 |  |  | 4,744 |  |  |  |  | (25,602) |  |  | — |  |  | 15,493 |
Purchases of property and equipment |  | 5,822 |  |  | 21 |  |  |  |  | — |  |  | — |  |  | 5,843 |
|  | Three Months Ended September 30, 2022
|  | Expedited Freight |  | Intermodal |  |  |  | Corporate |  | Eliminations |  | Consolidated
External revenues |  | $ | 395,607 |  |  | $ | 114,416 |  |  |  |  | $ | — |  |  | $ | — |  |  | $ | 510,023 |
Intersegment revenues |  | 28 |  |  | 5 |  |  |  |  | — |  |  | (33) |  |  | — |
Depreciation |  | 6,331 |  |  | 1,782 |  |  |  |  | — |  |  | — |  |  | 8,113 |
Amortization |  | 1,809 |  |  | 2,347 |  |  |  |  | — |  |  | — |  |  | 4,156 |
Income (loss) from operations |  | 56,304 |  |  | 16,610 |  |  |  |  | (1,249) |  |  | — |  |  | 71,665 |
Purchases of property and equipment |  | 6,434 |  |  | 294 |  |  |  |  | — |  |  | — |  |  | 6,728 |
|  | Nine Months Ended September 30, 2023
|  | Expedited Freight |  | Intermodal |  |  |  | Corporate |  | Eliminations |  | Consolidated
External revenues |  | $ | 1,028,173 |  |  | $ | 214,522 |  |  |  |  | $ | — |  |  | $ | — |  |  | $ | 1,242,695 |
Intersegment revenues |  | 103 |  |  | 81 |  |  |  |  | — |  |  | (184) |  |  | — |
Depreciation |  | 23,121 |  |  | 7,056 |  |  |  |  | — |  |  | — |  |  | 30,177 |
Amortization |  | 5,794 |  |  | 7,683 |  |  |  |  | — |  |  | — |  |  | 13,477 |
Income (loss) from operations |  | 100,298 |  |  | 20,259 |  |  |  |  | (24,344) |  |  | — |  |  | 96,213 |
Purchases of property and equipment |  | 22,834 |  |  | 584 |  |  |  |  | — |  |  | — |  |  | 23,418 |
|  | Nine Months Ended September 30, 2022
|  | Expedited Freight |  | Intermodal |  |  |  | Corporate |  | Eliminations |  | Consolidated
External revenues |  | $ | 1,180,947 |  |  | $ | 311,256 |  |  |  |  | $ | — |  |  | $ | — |  |  | $ | 1,492,203 |
Intersegment revenues |  | 136 |  |  | 16 |  |  |  |  | — |  |  | (152) |  |  | — |
Depreciation |  | 18,010 |  |  | 4,766 |  |  |  |  | 101 |  |  | — |  |  | 22,877 |
Amortization |  | 5,428 |  |  | 6,689 |  |  |  |  | — |  |  | — |  |  | 12,117 |
Income (loss) from operations |  | 167,091 |  |  | 43,005 |  |  |  |  | (5,535) |  |  | — |  |  | 204,561 |
Purchases of property and equipment |  | 24,155 |  |  | 1,246 |  |  |  |  | — |  |  | — |  |  | 25,401 |
Total Assets |  |  |  |  |  |  |  |  |  |  |  |
As of September 30, 2023 |  | $ | 811,940 |  |  | $ | 277,629 |  |  |  |  | $ | 101,082 |  |  | $ | (70) |  |  | $ | 1,190,581 |
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 nine months ended September 30, 2023 and 2022 are as follows:
|  | Three Months Ended |  | Nine Months Ended
|  | September 30, 2023 |  | September 30, 2022 |  | September 30, 2023 |  | September 30, 2022
Expedited Freight revenues: |  |  |  |  |  |  |  |
Network |  | $ | 216,977 |  |  | $ | 240,482 |  |  | $ | 628,670 |  |  | $ | 726,054 |
Truckload |  | 38,800 |  |  | 55,607 |  |  | 120,976 |  |  | 171,659 |
Final Mile |  | 72,471 |  |  | 76,822 |  |  | 210,388 |  |  | 215,608 |
Other |  | 23,098 |  |  | 22,724 |  |  | 68,242 |  |  | 67,762 |
Total |  | $ | 351,346 |  |  | $ | 395,635 |  |  | $ | 1,028,276 |  |  | $ | 1,181,083 |

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