Annual report pursuant to Section 13 and 15(d)

Segment Reporting (Tables)

v3.24.0.1
Segment Reporting (Tables)
 12 Months Ended
Dec. 31, 2023
Segment Reporting [Abstract]  
Schedule of Segment Information
Segment results from operations for the years ended December 31, 2023, 2022 and 2021 were as follows:
Year Ended December 31, 2023 Expedited Freight Intermodal Corporate Eliminations Consolidated - Continuing Operations
External revenues $ 1,096,484  $ 273,925  $ —  $ —  $ 1,370,409 
Intersegment revenues 474  118  —  (266) 326 
Depreciation 31,626  9,740  —  —  41,366 
Amortization 5,788  10,251  —  —  16,039 
Income (loss) from continuing operations 116,040  25,327  (53,157) —  88,210 
Purchases of property and equipment 29,928  797  —  —  30,725 

Year Ended December 31, 2022 Expedited Freight Intermodal Corporate Eliminations Consolidated - Continuing Operations
External revenues $ 1,260,414  $ 419,698  $ —  $ —  $ 1,680,112 
Intersegment revenues (293) 20  —  (205) (478)
Depreciation 23,597  6,641  101  —  30,339 
Amortization 3,461  8,752  —  —  12,213 
Income (loss) from continuing operations 192,583  56,874  (1,866) —  247,591 
Purchases of property and equipment 37,984  1,270  —  —  39,254 

Year Ended December 31, 2021 Expedited Freight Intermodal Corporate Eliminations Consolidated - Continuing Operations
External revenues $ 1,098,847  $ 289,171  $ —  $ —  $ 1,388,018 
Intersegment revenues 223  43  —  (1,057) (791)
Depreciation 20,826  3,538  63  —  24,427 
Amortization 3,430  7,109  —  —  10,539 
Income (loss) from continuing operations 127,045  30,117  (10,137) —  147,025 
Purchases of property and equipment 35,630  2,745  —  —  38,375 
Total Assets
As of December 31, 2023 $ 661,270  $ 270,421  $ 2,047,901  $ (59) $ 2,979,533 
As of December 31, 2022 547,417  322,001  202,756  (67) 1,072,107 
A reconciliation from the segment information to the consolidated balances for revenues and total assets is set forth below:

Year Ended
December 31,
2023		 December 31,
2022		 December 31,
2021
Intersegment revenues - continuing operations $ 326  $ (478) $ (791)
Intersegment revenues - discontinued operations (326) 478  791 
Consolidated intersegment revenues $ —  $ —  $ — 

December 31,
2023		 December 31,
2022
Segment assets - continuing operations $ 2,979,533  $ 1,072,107 
Current assets held for sale —  34,942 
Noncurrent assets held for sale —  101,027 
Consolidated total assets $ 2,979,533  $ 1,208,076 

Revenue from the individual services within the Expedited Freight segment for the years ended December 31, 2023, 2022 and 2021 were as follows:

  Year Ended
  December 31, 2023 December 31, 2022 December 31, 2021
Expedited Freight revenues:    
Network $ 845,949  $ 947,817  $ 805,015 
Truckload 159,513  221,979  223,026 
Other 91,496  90,325  71,029 
Total $ 1,096,958  $ 1,260,121  $ 1,099,070