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Discontinued Operations and Held for Sale | 12 Months Ended
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Dec. 31, 2024
Discontinued Operations and Disposal Groups [Abstract] |
Discontinued Operations and Held for Sale | Discontinued Operations and Held for Sale Sale of Final Mile On December 20, 2023, the Company completed the sale of the Final Mile business for estimated total cash consideration of $260,916. The results of operations of Final Mile, have been presented under the caption “Income (loss) from discontinued operations, net of tax” in the Consolidated Statements of Comprehensive Income for the years ended December 31, 2024, 2023 and 2022. A final net working capital settlement of $6,387 was the only activity during the year ended December 31, 2024. A summary of the results of operations classified as a discontinued operations, net of tax, in the Consolidated Statements of Comprehensive Income for the years ended December 31, 2023 and 2022 is as follows:
|  | Year Ended |  |
|  |  |  |  | December 31, 2023 |  | December 31, 2022 |  |
Operating revenue |  |  |  |  | $ | 273,873 |  |  | $ | 293,769 |  |  |
Operating expenses: |  |  |  |  |  |  |  |  |
Purchased transportation |  |  |  |  | 158,233 |  |  | 176,137 |  |  |
Salaries, wages and employee benefits |  |  |  |  | 51,304 |  |  | 45,211 |  |  |
Operating leases |  |  |  |  | 12,325 |  |  | 11,804 |  |  |
Depreciation and amortization |  |  |  |  | 5,212 |  |  | 4,834 |  |  |
Insurance and claims |  |  |  |  | 2,586 |  |  | 2,281 |  |  |
Fuel expense |  |  |  |  | 305 |  |  | 627 |  |  |
Other operating expenses |  |  |  |  | 36,842 |  |  | 34,490 |  |  |
Total operating expenses |  |  |  |  | 266,807 |  |  | 275,384 |  |  |
Income from discontinued operations |  |  |  |  | 7,066 |  |  | 18,385 |  |  |
Gain (loss) on sale of business |  |  |  |  | 155,829 |  |  | — |  |  |
Income from discontinued operations before income taxes |  |  |  |  | 162,895 |  |  | 18,385 |  |  |
Income tax expense |  |  |  |  | 38,347 |  |  | 4,608 |  |  |
Income (loss) from discontinued operations, net of tax |  |  |  |  | $ | 124,548 |  |  | $ | 13,777 |  |  |

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- Definition The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/205-20/tableOfContent Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/360/tableOfContent + Details
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