Quarterly report pursuant to Section 13 or 15(d)

Commitment and Contingencies (Tables)

v3.23.1
Commitment and Contingencies (Tables)
 3 Months Ended
Mar. 31, 2023
Commitments and Contingencies Disclosure [Abstract]  
Other Commitments Below is a summary of the Company’s risk retention on vehicle liability insurance coverage maintained by the Company up to $10,000 (in thousands):
Company
Risk Retention		 Frequency Layer Policy Term
Expedited Freight¹
LTL business $ 5,000  Occurrence/Accident²
$0 to $5,000
 10/1/2022 to 10/1/2023
Truckload business $ 2,000  Occurrence/Accident²
$0 to $2,000
 10/1/2022 to 10/1/2023
LTL, Truckload and Intermodal businesses $ 5,000  Policy Term Aggregate³
$5,000 to $10,000
 10/1/2022 to 10/1/2023
Intermodal $ 1,000  Occurrence/Accident²
$0 to $1,000
 10/1/2022 to 10/1/2023
¹ Excluding the Final Mile business, which is primarily a brokered service.
² For each and every accident/incident, the Company is responsible for damages and defense up to these amounts, regardless of the number of claims associated with any accident/incident.
³ During the Policy Term, the Company is responsible for damages and defense within the stated Layer up to the stated, aggregate amount of Risk Retention before insurance will continue.