Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Other Intangible Assets

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Goodwill and Other Intangible Assets
 9 Months Ended
Sep. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets Goodwill and Other Intangible Assets
Goodwill

Changes in the carrying amount of goodwill during the nine months ended September 30, 2021 are summarized as follows:
Expedited Freight Intermodal Consolidated
Balance as of December 31, 2020 $ 165,268  $ 79,714  $ 244,982 
Acquisitions 3,545  6,249  9,794 
Balance as of September 30, 2021 $ 168,813  $ 85,963  $ 254,776 

Goodwill is tested for impairment on an annual basis and more often if indications of impairment exist. The Company conducts its annual impairment analyses as of June 30 each year. Based on the current macroeconomic conditions, the Company assessed its goodwill and other intangible assets for indications of impairment as of September 30, 2021 and concluded there were no indicators of impairment during the three months ended September 30, 2021.

Other Intangible Assets

Changes in the carrying amount of acquired intangible assets during the nine months ended September 30, 2021 are summarized as follows:

Gross Carrying Amount
Customer Relationships1
Non-Compete Agreements Trade Names Total
Balance as of December 31, 2020 $ 228,416  $ 8,125  $ 1,500  $ 238,041 
Acquisitions 7,640  150  —  7,790 
Balance as of September 30, 2021 $ 236,056  $ 8,275  $ 1,500  $ 245,831 

Accumulated Amortization
Customer Relationships1
Non-Compete Agreements Trade Names Total
Balance as of December 31, 2020 $ 85,930  $ 5,579  $ 1,500  $ 93,009 
Amortization expense 9,652  974  —  10,626 
Balance as of September 30, 2021 $ 95,582  $ 6,553  $ 1,500  $ 103,635 
1 Carrying value as of September 30, 2021 and December 31, 2020 is inclusive of $16,501 of accumulated impairment.