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BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 3 Months Ended
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Mar. 31, 2024
Accounting Policies [Abstract] |
Schedule of Property, Plant and Equipment, Useful Life | Property, plant and equipment and leasing equipment are stated at cost (inclusive of capitalized acquisition costs, where applicable) and depreciated using the straight-line method, over their estimated useful lives, to estimated residual values which are summarized as follows:
Asset |  | Range of Estimated Useful Lives |  | Residual Value Estimates
Railcars and locomotives |  | 40 - 50 years from date of manufacture |  | Scrap value at end of useful life
Track and track related assets |  | 15 - 50 years from date of manufacture |  | Scrap value at end of useful life
Land, site improvements and rights |  | N/A |  | N/A
Bridges and tunnels |  | 15 - 55 years |  | Scrap value at end of useful life
Buildings and site improvements |  | 20 - 30 years |  | Scrap value at end of useful life
Railroad equipment |  | 3 - 15 years from date of manufacture |  | Scrap value at end of useful life
Terminal machinery and equipment |  | 15 - 25 years from date of manufacture |  | Scrap value at end of useful life
Furniture and fixtures |  | 3 - 6 years from date of purchase |  | None
Computer hardware and software |  | 2 - 5 years from date of purchase |  | None
Construction in progress |  | N/A |  | N/A
Property, plant and equipment, net is summarized as follows:
| March 31, 2024 |  | December 31, 2023
Land, site improvements and rights | $ | 182,349 |  |  | $ | 182,319 |
Buildings and improvements | 18,833 |  |  | 18,769 |
Bridges and tunnels | 176,753 |  |  | 176,753 |
Terminal machinery and equipment | 1,207,802 |  |  | 1,215,197 |
Track and track related assets | 104,568 |  |  | 103,888 |
Railroad equipment | 8,999 |  |  | 8,999 |
Railcars and locomotives | 85,216 |  |  | 85,162 |
Computer hardware and software | 19,362 |  |  | 16,058 |
Furniture and fixtures | 1,887 |  |  | 1,887 |
Construction in progress | 80,888 |  |  | 76,491 |
Other | 21,746 |  |  | 21,613 |
| 1,908,403 |  |  | 1,907,136 |
Less: Accumulated depreciation | (297,672) |  |  | (276,307) |
Property, plant and equipment, net | $ | 1,610,731 |  |  | $ | 1,630,829 |
Depreciation expense for property, plant and equipment is summarized as follows:
| Three Months Ended March 31, |  |
| 2024 |  | 2023 |  |  |  |
Depreciation expense | $ | 18,304 |  |  | $ | 17,973 |  |  |  |  |

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- Definition Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 360 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482099/360-10-50-1 + Details
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