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Segment Reporting (Tables) | 12 Months Ended
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Dec. 31, 2024
Segment Reporting [Abstract] |
Schedule of Segment Information |
Year Ended December 31, 2024 |  | Expedited Freight |  | Omni Logistics |  | Intermodal |  | Corporate |  | Consolidated
External revenues |  | $ | 1,044,938 |  |  | $ | 1,196,841 |  |  | $ | 232,319 |  |  | $ | 164 |  |  | $ | 2,474,262 |
Intersegment revenues |  | 70,225 |  |  | — |  |  | 513 |  |  | — |  |  | 70,738 |
|  | 1,115,163 |  |  | 1,196,841 |  |  | 232,832 |  |  | 164 |  |  | 2,545,000 |
Reconciliation of revenue |  |  |  |  |  |  |  |  |  |
Elimination of intersegmental revenues |  |  |  |  |  |  |  |  |  | (70,738) |
Total consolidated revenues |  |  |  |  |  |  |  |  |  | $ | 2,474,262 |
Less: |  |  |  |  |  |  |  |  |  |
Purchase transportation |  | 546,458 |  |  | 701,035 |  |  | 73,814 |  |  | — |  |  |
Salaries, wages and employee benefits |  | 242,411 |  |  | 215,518 |  |  | 58,714 |  |  | 19,764 |  |  |
Operating leases |  | 63,398 |  |  | 96,500 |  |  | 21,599 |  |  | 699 |  |  |
Depreciation and amortization |  | 41,858 |  |  | 83,542 |  |  | 18,440 |  |  | 139 |  |  |
Insurance and claims |  | 43,716 |  |  | 12,297 |  |  | 10,251 |  |  | (1,582) |  |  |
Fuel expense |  | 9,733 |  |  | 3,149 |  |  | 8,578 |  |  | — |  |  |
Other operating expenses |  | 99,638 |  |  | 101,206 |  |  | 22,511 |  |  | 86,153 |  |  |
Impairment of goodwill |  | — |  |  | 1,028,397 |  |  | — |  |  | — |  |  |
Segment profit (loss) |  | 67,951 |  |  | (1,044,803) |  |  | 18,925 |  |  | (105,009) |  |  | (1,062,936) |
Reconciliation of segment profit or loss |  |  |  |  |  |  |  |  |  |
Interest expense, net |  |  |  |  |  |  |  |  |  | 189,215 |
Foreign exchange loss (gain) |  |  |  |  |  |  |  |  |  | (1,093) |
Other operations |  |  |  |  |  |  |  |  |  | (1,226) |
Loss before income taxes |  |  |  |  |  |  |  |  |  | $ | (1,249,832) |
Year Ended December 31, 2023 |  | Expedited Freight |  |  |  | Intermodal |  | Corporate |  | Consolidated
External revenues |  | $ | 1,096,810 |  |  |  |  | $ | 273,925 |  |  | $ | — |  |  | $ | 1,370,735 |
Intersegment revenues |  | 148 |  |  |  |  | 118 |  |  | — |  |  | 266 |
|  | 1,096,958 |  |  |  |  | 274,043 |  |  | — |  |  | 1,371,001 |
Reconciliation of revenue |  |  |  |  |  |  |  |  |  |
Elimination of intersegmental revenues |  |  |  |  |  |  |  |  |  | (266) |
Total consolidated revenues |  |  |  |  |  |  |  |  |  | $ | 1,370,735 |
Less: |  |  |  |  |  |  |  |  |  |
Purchase transportation |  | 511,254 |  |  |  |  | 74,941 |  |  | — |  |  |
Salaries, wages and employee benefits |  | 226,528 |  |  |  |  | 66,925 |  |  | (5,621) |  |  |
Operating leases |  | 61,728 |  |  |  |  | 25,685 |  |  | — |  |  |
Depreciation and amortization |  | 37,414 |  |  |  |  | 19,991 |  |  | — |  |  |
Insurance and claims |  | 38,294 |  |  |  |  | 10,320 |  |  | 1,519 |  |  |
Fuel expense |  | 10,884 |  |  |  |  | 11,121 |  |  | — |  |  |
Other operating expenses |  | 94,545 |  |  |  |  | 39,733 |  |  | 57,530 |  |  |
Segment profit (loss) |  | 116,311 |  |  |  |  | 25,327 |  |  | (53,428) |  |  | 88,210 |
Reconciliation of segment profit or loss |  |  |  |  |  |  |  |  |  |
Interest expense, net |  |  |  |  |  |  |  |  |  | (31,571) |
Foreign exchange loss (gain) |  |  |  |  |  |  |  |  |  | — |
Other operations |  |  |  |  |  |  |  |  |  | — |
Income before income taxes |  |  |  |  |  |  |  |  |  | $ | 56,639 |
Year Ended December 31, 2022 |  | Expedited Freight |  |  |  | Intermodal |  | Corporate |  | Consolidated
External revenues |  | $ | 1,259,936 |  |  |  |  | $ | 419,698 |  |  | $ | — |  |  | $ | 1,679,634 |
Intersegment revenues |  | 185 |  |  |  |  | 20 |  |  | — |  |  | 205 |
|  | 1,260,121 |  |  |  |  | 419,718 |  |  | — |  |  | 1,679,839 |
Reconciliation of revenue |  |  |  |  |  |  |  |  |  |
Elimination of intersegmental revenues |  |  |  |  |  |  |  |  |  | (205) |
Total consolidated revenues |  |  |  |  |  |  |  |  |  | 1,679,839 |
|  |  |  |  |  |  |  |  |  | $ | 1,679,634 |
Less: |  |  |  |  |  |  |  |  |  |
Purchase transportation |  | 624,994 |  |  |  |  | 105,656 |  |  | 34 |  |  |
Salaries, wages and employee benefits |  | 233,876 |  |  |  |  | 73,406 |  |  | 4,523 |  |  |
Operating leases |  | 53,339 |  |  |  |  | 31,950 |  |  | (1) |  |  |
Depreciation and amortization |  | 27,058 |  |  |  |  | 15,393 |  |  | (101) |  |  |
Insurance and claims |  | 33,924 |  |  |  |  | 9,087 |  |  | (4,468) |  |  |
Fuel expense |  | 10,962 |  |  |  |  | 15,993 |  |  | — |  |  |
Other operating expenses |  | 83,385 |  |  |  |  | 111,359 |  |  | (1,853) |  |  |
Segment profit (loss) |  | 192,583 |  |  |  |  | 56,874 |  |  | (1,866) |  |  | 247,591 |
Reconciliation of segment profit or loss |  |  |  |  |  |  |  |  |  |
Interest expense, net |  |  |  |  |  |  |  |  |  | (5,138) |
Foreign exchange loss (gain) |  |  |  |  |  |  |  |  |  | — |
Other operations |  |  |  |  |  |  |  |  |  | — |
Income before income taxes |  |  |  |  |  |  |  |  |  | $ | 242,453 |
Revenue from the individual services within the Expedited Freight segment for the years ended December 31, 2024, 2023 and 2022 were as follows:
|  | Year Ended
|  | December 31, 2024 |  | December 31, 2023 |  | December 31, 2022 |  |
Expedited Freight revenues: |  |  |  |  |  |  |  |
Network |  | $ | 854,138 |  |  | $ | 845,949 |  |  | $ | 947,817 |  |  |
Truckload |  | 170,455 |  |  | 159,513 |  |  | 221,979 |  |  |
Other |  | 90,570 |  |  | 91,496 |  |  | 90,325 |  |  |
Total |  | $ | 1,115,163 |  |  | $ | 1,096,958 |  |  | $ | 1,260,121 |  |  |
Assets from each segment for the years ended December 31, 2024, 2023 were as follows:
|  | December 31, 2024 |  | December 31, 2023
Expedited Freight |  | $ | 691,369 |  |  | $ | 661,270 |
Omni Logistics |  | 1,726,088 |  |  | — |
Intermodal |  | 257,323 |  |  | 270,421 |
Corporate |  | 127,861 |  |  | 2,047,901 |
Eliminations |  | — |  |  | (59) |
Consolidated total assets |  | $ | 2,802,641 |  |  | $ | 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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