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SEGMENTS (Tables)

12 Months Ended

Dec. 31, 2024

Segment Reporting [Abstract]

Reportable Segment Information

Reportable segment information is as follows (in thousands):

			Transportation Solutions						Parts & Services												Corporate and Eliminations						Consolidated
2024
Net sales
External customers			$	1,747,039					$	199,701											$	—					$	1,946,740
Intersegment sales			8,094						5,361												(13,455)						—
Total net sales			1,755,133						205,062												(13,455)						1,946,740
Cost of sales			1,537,515						157,608												(13,455)						1,681,668
Gross profit			217,618						47,454												—						265,072
Other operating expenses (1)			69,341						12,037												539,798						621,176
Segment income (loss) from operations			148,277						35,417												(539,798)						(356,104)
Product liability matter			—						—												450,000						450,000
Consolidated income (loss) from operations			$	148,277					$	35,417											$	(89,798)					$	93,896
Depreciation and amortization			$	49,987					$	2,681											$	4,317					$	56,985
2023
Net sales
External customers			$	2,320,274					$	216,226											$	—					$	2,536,500
Intersegment sales			18,330						4,647												(22,977)						—
Total net sales			2,338,604						220,873												(22,977)						2,536,500
Cost of sales			1,898,740						162,550												(22,977)						2,038,313
Gross profit			439,864						58,323												—						498,187
Other operating expenses (1)			72,936						13,674												99,628						186,238
Consolidated income (loss) from operations			$	366,928					$	44,649											$	(99,628)					$	311,949
Depreciation and amortization			$	40,443					$	2,201											$	2,676					$	45,320
2022
Net sales
External customers			$	2,312,637					$	189,492											$	—					$	2,502,129
Intersegment sales			8,277						3,984												(12,261)						—
Total net sales			2,320,914						193,476												(12,261)						2,502,129
Cost of sales			2,043,072						148,627												(12,261)						2,179,438
Gross profit			277,842						44,849												—						322,691
Other operating expenses (1)			67,900						14,291												73,858						156,049
Consolidated income (loss) from operations			$	209,942					$	30,558											$	(73,858)					$	166,642
Depreciation and amortization			$	41,187					$	2,717											$	3,065					$	46,969

—————————

(1)Other operating expenses include General and administrative expenses, Selling expenses, Amortization of intangible assets and Impairment and other, net.

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):

Year ended December 31, 2024						Transportation Solutions						Parts & Services												Eliminations						Consolidated
New trailers						$	1,335,902					$	—											$	(3,978)					$	1,331,924					68.4%
Used trailers						71						4,012												(71)						4,012						0.2%
Components, parts and services						—						128,565												—						128,565						6.6%
Equipment and other						419,160						72,485												(9,406)						482,239						24.8%
Total net external sales						$	1,755,133					$	205,062											$	(13,455)					$	1,946,740					100.0%

Year ended December 31, 2023						Transportation Solutions						Parts & Services												Eliminations						Consolidated
New trailers						$	1,924,700					$	—											$	(5,901)					$	1,918,799					75.7%
Used trailers						—						4,978												—						4,978						0.2%
Components, parts and services						—						148,256												—						148,256						5.8%
Equipment and other						413,904						67,639												(17,076)						464,467						18.3%
Total net external sales						$	2,338,604					$	220,873											$	(22,977)					$	2,536,500					100.0%

Year ended December 31, 2022						Transportation Solutions						Parts & Services												Eliminations						Consolidated
New trailers						$	2,012,428					$	1,722											$	(1,286)					$	2,012,864					80.4%
Used trailers						—						2,905												—						2,905						0.1%
Components, parts and services						—						139,762												—						139,762						5.6%
Equipment and other						308,486						49,087												(10,975)						346,598						13.9%
Total net external sales						$	2,320,914					$	193,476											$	(12,261)					$	2,502,129					100.0%

X

- Definition

Tabular disclosure of entity-wide revenues from external customers for each product or service or each group of similar products or services if the information is not provided as part of the reportable operating segment information.

+ References

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-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-Publisher FASB
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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
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-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
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-Name Accounting Standards Codification
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