| Schedule of Segment Information |
Segment results from operations for the three months ended March 31, 2024 and 2023 are as follows:
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Three Months Ended March 31, 2024 |
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Expedited Freight |
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Intermodal |
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Omni Logistics |
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Corporate |
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Eliminations |
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Consolidated |
| External revenues |
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$ |
260,753 |
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$ |
56,222 |
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$ |
224,838 |
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$ |
— |
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$ |
— |
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$ |
541,813 |
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| Intersegment revenues |
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12,542 |
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70 |
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— |
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— |
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(12,612) |
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— |
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| Depreciation |
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9,013 |
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2,066 |
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|
2,598 |
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— |
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— |
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13,677 |
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| Amortization |
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1,277 |
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|
2,561 |
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14,271 |
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— |
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— |
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18,109 |
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| Income (loss) from operations |
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19,498 |
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3,586 |
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(28,585) |
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(60,231) |
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— |
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(65,732) |
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| Purchases of property and equipment |
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1,262 |
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1,522 |
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2,186 |
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— |
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— |
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4,970 |
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Three Months Ended March 31, 2023 |
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Expedited Freight |
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Intermodal |
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Omni Logistics |
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Corporate |
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Eliminations |
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Consolidated |
| External revenues |
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$ |
269,547 |
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$ |
88,162 |
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$ |
— |
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$ |
— |
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$ |
— |
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$ |
357,709 |
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| Intersegment revenues |
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30 |
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7 |
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— |
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— |
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(37) |
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— |
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| Depreciation |
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6,668 |
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2,186 |
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— |
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— |
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— |
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8,854 |
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| Amortization |
|
958 |
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2,560 |
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— |
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— |
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— |
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3,518 |
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| Income (loss) from operations |
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29,685 |
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11,203 |
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— |
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6,308 |
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— |
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47,196 |
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| Purchases of property and equipment |
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6,343 |
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176 |
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— |
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— |
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— |
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6,519 |
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| Total Assets |
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Expedited Freight |
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Intermodal |
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Omni Logistics |
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Corporate |
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Eliminations |
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Consolidated |
| As of March 31, 2024 |
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$ |
661,183 |
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$ |
264,203 |
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$ |
2,799,145 |
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$ |
234,740 |
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$ |
(11) |
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$ |
3,959,260 |
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| As of December 31, 2023 |
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661,270 |
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270,421 |
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— |
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2,047,901 |
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(59) |
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2,979,533 |
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Revenue from the individual services within the Expedited Freight segment for the three months ended March 31, 2024 and 2023 are as follows:
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Three Months Ended |
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March 31, 2024 |
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March 31, 2023 |
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| Expedited Freight revenues: |
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| Network |
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$ |
214,493 |
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$ |
205,931 |
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| Truckload |
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37,055 |
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41,744 |
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| Other |
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21,747 |
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21,902 |
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| Total |
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$ |
273,295 |
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$ |
269,577 |
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