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SEGMENTS (Tables)
9 Months Ended
Sep. 30, 2024
Segment Reporting [Abstract]  
Reportable Segment Information
Reportable segment information is as follows (in thousands):
Three Months Ended September 30, 2024Transportation SolutionsParts & ServicesCorporate and
Eliminations
Consolidated
Net sales
External customers$413,321 $50,719 $— $464,040 
Intersegment sales2,185 1,605 (3,790)— 
Total net sales$415,506 $52,324 $(3,790)$464,040 
Income (loss) from operations$29,162 $8,316 $(470,506)$(433,028)
Three Months Ended September 30, 2023Transportation SolutionsParts & ServicesCorporate and
Eliminations
Consolidated
Net sales
External customers$577,232 $55,596 $— $632,828 
Intersegment sales5,638 845 (6,483)— 
Total net sales$582,870 $56,441 $(6,483)$632,828 
Income (loss) from operations$89,413 $12,358 $(24,134)$77,637 
Nine Months Ended September 30, 2024Transportation SolutionsParts & ServicesCorporate and
Eliminations
Consolidated
Net sales
External customers$1,377,544 $152,382 $— $1,529,926 
Intersegment sales7,095 4,077 (11,172)— 
Total net sales$1,384,639 $156,459 $(11,172)$1,529,926 
Income (loss) from operations$130,335 $30,923 $(520,948)$(359,690)
Nine Months Ended September 30, 2023Transportation SolutionsParts & ServicesCorporate and
Eliminations
Consolidated
Net sales
External customers$1,778,246 $162,154 $— $1,940,400 
Intersegment sales13,377 3,493 (16,870)— 
Total net sales$1,791,623 $165,647 $(16,870)$1,940,400 
Income (loss) from operations$292,335 $34,504 $(75,992)$250,847 
Major Product Categories and Percentage of Consolidated Net Sales The following table sets forth the major product categories and their percentage of consolidated net sales (dollars in thousands):
Three Months Ended September 30, 2024Transportation SolutionsParts & ServicesEliminationsConsolidated
New trailers$308,577 $— $(1,661)$306,916 66.1 %
Used trailers71 396 (71)396 0.1 %
Components, parts and services— 31,539 — 31,539 6.8 %
Equipment and other106,858 20,389 (2,058)125,189 27.0 %
Total net sales$415,506 $52,324 $(3,790)$464,040 100.0 %
Three Months Ended September 30, 2023Transportation SolutionsParts & ServicesEliminationsConsolidated
New trailers$477,802 $— $(2,216)$475,586 75.2 %
Used trailers— 1,340 — 1,340 0.2 %
Components, parts and services— 38,091 — 38,091 6.0 %
Equipment and other105,068 17,010 (4,267)117,811 18.6 %
Total net sales$582,870 $56,441 $(6,483)$632,828 100.0 %
Nine Months Ended September 30, 2024Transportation SolutionsParts & ServicesEliminationsConsolidated
New trailers$1,057,880 $— $(3,162)$1,054,718 68.9 %
Used trailers71 2,884 (71)2,884 0.2 %
Components, parts and services— 101,622 — 101,622 6.6 %
Equipment and other326,688 51,953 (7,939)370,702 24.2 %
Total net sales$1,384,639 $156,459 $(11,172)$1,529,926 100.0 %
Nine Months Ended September 30, 2023Transportation SolutionsParts & ServicesEliminationsConsolidated
New trailers$1,486,587 $— $(4,580)$1,482,007 76.4 %
Used trailers— 2,396 — 2,396 0.1 %
Components, parts and services— 113,567 — 113,567 5.9 %
Equipment and other305,036 49,684 (12,290)342,430 17.6 %
Total net sales$1,791,623 $165,647 $(16,870)$1,940,400 100.0 %