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Segment Reporting (Tables) | 6 Months Ended
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Jun. 30, 2024
Segment Reporting [Abstract] |
Schedule of Segment Information | Segment results from operations for the three and six months ended June 30, 2024 and 2023 are as follows:
|  | Three Months Ended June 30, 2024
|  | Expedited Freight |  | Intermodal |  | Omni Logistics |  | Corporate |  | Eliminations |  | Consolidated
External revenues |  | $ | 272,600 |  |  | $ | 59,210 |  |  | $ | 311,856 |  |  | $ | — |  |  |  |  | $ | 643,666 |
Intersegment revenues |  | 18,682 |  |  | 89 |  |  | — |  |  | — |  |  | (18,771) |  |  | — |
Depreciation |  | 9,240 |  |  | 2,148 |  |  | 3,521 |  |  | — |  |  | — |  |  | 14,909 |
Amortization |  | 1,452 |  |  | 2,564 |  |  | 29,714 |  |  | — |  |  | — |  |  | 33,730 |
Income (loss) from operations |  | 21,946 |  |  | 5,317 |  |  | (1,105,871) |  |  | (17,147) |  |  | — |  |  | (1,095,755) |
Purchases of property and equipment |  | 7,663 |  |  | 28 |  |  | 6,735 |  |  | — |  |  | — |  |  | 14,426 |
|  | Three Months Ended June 30, 2023
|  | Expedited Freight |  | Intermodal |  | Omni Logistics |  | Corporate |  | Eliminations |  | Consolidated
External revenues |  | $ | 269,397 |  |  | $ | 64,225 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 333,622 |
Intersegment revenues |  | 39 |  |  | 26 |  |  | — |  |  | — |  |  | (65) |  |  | — |
Depreciation |  | 7,436 |  |  | 2,245 |  |  | — |  |  | — |  |  | — |  |  | 9,681 |
Amortization |  | 1,003 |  |  | 2,561 |  |  | — |  |  | — |  |  | — |  |  | 3,564 |
Income (loss) from operations |  | 27,063 |  |  | 4,312 |  |  | — |  |  | (5,050) |  |  | — |  |  | 26,325 |
Purchases of property and equipment |  | 9,930 |  |  | 387 |  |  | — |  |  | — |  |  | — |  |  | 10,317 |
Revenue from the individual services within the Expedited Freight segment for the three and six months ended June 30, 2024 and 2023 are as follows:
|  | Three Months Ended |  | Six Months Ended
|  | June 30, 2024 |  | June 30, 2023 |  | June 30, 2024 |  | June 30, 2023
Expedited Freight revenues: |  |  |  |  |  |  |  |
Network |  | $ | 223,334 |  |  | $ | 205,762 |  |  | $ | 437,827 |  |  | $ | 411,693 |
Truckload |  | 44,678 |  |  | 40,432 |  |  | 81,732 |  |  | 82,176 |
Other |  | 23,270 |  |  | 23,242 |  |  | 45,018 |  |  | 45,144 |
Total |  | $ | 291,282 |  |  | $ | 269,436 |  |  | $ | 564,577 |  |  | $ | 539,013 |
|  | Six Months Ended June 30, 2024
|  | Expedited Freight |  | Intermodal |  | Omni Logistics |  | Corporate |  | Eliminations |  | Consolidated
External revenues |  | $ | 533,353 |  |  | $ | 115,432 |  |  | $ | 536,694 |  |  | $ | — |  |  |  |  | $ | 1,185,479 |
Intersegment revenues |  | 31,224 |  |  | 159 |  |  | — |  |  | — |  |  | (31,383) |  |  | — |
Depreciation |  | 18,253 |  |  | 4,215 |  |  | 6,119 |  |  |  |  |  |  | 28,587 |
Amortization |  | 2,729 |  |  | 5,124 |  |  | 43,985 |  |  |  |  |  |  | 51,838 |
Income (loss) from operations |  | 41,444 |  |  | 8,903 |  |  | (1,134,456) |  |  | (77,378) |  |  | — |  |  | (1,161,487) |
Purchases of property and equipment |  | 8,925 |  |  | 1,550 |  |  | 8,921 |  |  | — |  |  | — |  |  | 19,396 |
|  | Six Months Ended June 30, 2023
|  | Expedited Freight |  | Intermodal |  | Omni Logistics |  | Corporate |  | Eliminations |  | Consolidated
External revenues |  | $ | 538,944 |  |  | $ | 152,387 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 691,331 |
Intersegment revenues |  | 69 |  |  | 33 |  |  | — |  |  | — |  |  | (102) |  |  | — |
Depreciation |  | 14,105 |  |  | 4,430 |  |  | — |  |  | — |  |  | — |  |  | 18,535 |
Amortization |  | 1,960 |  |  | 5,122 |  |  | — |  |  | — |  |  | — |  |  | 7,082 |
Income (loss) from operations |  | 56,748 |  |  | 15,515 |  |  | — |  |  | 1,258 |  |  | — |  |  | 73,521 |
Purchases of property and equipment |  | 16,273 |  |  | 563 |  |  | — |  |  | — |  |  | — |  |  | 16,836 |
Total Assets |  |  |  |  |  |  |  |  |  |  |  |
As of June 30, 2024 |  | $ | 657,434 |  |  | $ | 261,170 |  |  | $ | 1,959,593 |  |  | $ | 189,133 |  |  | $ | (14) |  |  | $ | 3,067,316 |
As of December 31, 2023 |  | 661,270 |  |  | 270,421 |  |  | — |  |  | 2,047,901 |  |  | (59) |  |  | 2,979,533 |

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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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