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Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2025

Segment Reporting [Abstract]

Schedule of Segment Information

Segment results from operations for the three months ended March 31, 2025 and 2024 are as follows:

For the Three Months Ended March 31, 2025						Expedited Freight						Omni Logistics						Intermodal						Corporate						Consolidated
External revenues						$	227,196					$	323,470					$	62,473					$	142					$	613,281
Intersegment revenues						22,185						—						19						—						22,204
						249,381						323,470						62,492						142						635,485
Reconciliation of revenue
Elimination of intersegmental revenues																														(22,204)
Total consolidated revenues																														$	613,281
Less:
Purchase transportation						120,680						185,734						20,176						(124)
Salaries, wages and employee benefits						52,577						56,783						15,931						16,624
Operating leases						15,433						27,090						5,778						491
Depreciation and amortization						10,379						22,230						4,720						31
Insurance and claims						10,308						2,615						2,791						(707)
Fuel expense						2,471						1,017						2,155						6
Other operating expenses						21,899						24,626						5,399						3,609
Segment profit (loss)						15,634						3,375						5,542						(19,788)						4,763
Reconciliation of segment profit or loss
Interest expense, net																														45,547
Foreign exchange loss (gain)																														922
Other operations																														(104)
Loss before income taxes																														$	(41,602)

For the Three Months Ended March 31, 2024						Expedited Freight						Omni Logistics						Intermodal						Corporate						Consolidated
External revenues						$	260,753					$	224,838					$	56,222					$	—					$	541,813
Intersegment revenues						12,542						—						70						—						12,612
						273,295						224,838						56,292						—						554,425
Reconciliation of revenue
Elimination of intersegmental revenues																														(12,612)
Total consolidated revenues																														$	541,813
Less:
Purchase transportation						127,760						144,424						17,443						—
Salaries, wages and employee benefits						62,553						48,775						15,082						2,457
Operating leases						14,982						19,127						4,692						2
Depreciation and amortization						10,290						16,869						4,627						—
Insurance and claims						10,652						2,053						2,606						(2,430)
Fuel expense						2,581						304						2,361						—
Other operating expenses						24,979						21,871						5,895						60,202
Segment profit (loss)						19,498						(28,585)						3,586						(60,231)						(65,732)
Reconciliation of segment profit or loss
Interest expense, net																														40,753
Foreign exchange loss (gain)																														668
Other operations																														(9)
Elimination of intersegment profits																														—
Loss before income taxes																														$	(107,144)

Omni Logistics revenues and segment loss in the above table represents the period from January 25, 2024 (the date of acquisition) through March 31, 2024.

Revenue from the individual services within the Expedited Freight segment for the three months ended March 31, 2025 and 2024 are as follows:

						Three Months Ended
						March 31, 2025						March 31, 2024
Expedited Freight revenues:
Network						$	190,162					$	214,493
Truckload						39,255						37,055
Other						19,964						21,747
Total						$	249,381					$	273,295

Total Assets						Expedited Freight						Intermodal						Omni Logistics						Corporate												Consolidated
As of March 31, 2025						$	688,846					$	258,905					$	1,733,307					$	122,784											$	2,803,842
As of December 31, 2024						691,369						257,323						1,726,088						127,861												2,802,641

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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

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- References

No definition available.

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