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BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

3 Months Ended

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