Quarterly report pursuant to Section 13 or 15(d)

Segment Reporting (Tables)

v3.24.2.u1
Segment Reporting (Tables)
 6 Months Ended
Jun. 30, 2024
Segment Reporting [Abstract]  
Schedule of Segment Information
Segment results from operations for the three and six months ended June 30, 2024 and 2023 are as follows:

  Three Months Ended June 30, 2024
  Expedited Freight Intermodal Omni Logistics Corporate Eliminations Consolidated
External revenues $ 272,600  $ 59,210  $ 311,856  $ —  $ 643,666 
Intersegment revenues 18,682  89  —  —  (18,771) — 
Depreciation 9,240  2,148  3,521  —  —  14,909 
Amortization 1,452  2,564  29,714  —  —  33,730 
Income (loss) from operations 21,946  5,317  (1,105,871) (17,147) —  (1,095,755)
Purchases of property and equipment 7,663  28  6,735  —  —  14,426 
  Three Months Ended June 30, 2023
  Expedited Freight Intermodal Omni Logistics Corporate Eliminations Consolidated
External revenues $ 269,397  $ 64,225  $ —  $ —  $ —  $ 333,622 
Intersegment revenues 39  26  —  —  (65) — 
Depreciation 7,436  2,245  —  —  —  9,681 
Amortization 1,003  2,561  —  —  —  3,564 
Income (loss) from operations 27,063  4,312  —  (5,050) —  26,325 
Purchases of property and equipment 9,930  387  —  —  —  10,317 

Revenue from the individual services within the Expedited Freight segment for the three and six months ended June 30, 2024 and 2023 are as follows:

  Three Months Ended Six Months Ended
  June 30, 2024 June 30, 2023 June 30, 2024 June 30, 2023
Expedited Freight revenues:    
Network $ 223,334  $ 205,762  $ 437,827  $ 411,693 
Truckload 44,678  40,432  81,732  82,176 
Other 23,270  23,242  45,018  45,144 
Total $ 291,282  $ 269,436  $ 564,577  $ 539,013 
  Six Months Ended June 30, 2024
  Expedited Freight Intermodal Omni Logistics Corporate Eliminations Consolidated
External revenues $ 533,353  $ 115,432  $ 536,694  $ —  $ 1,185,479 
Intersegment revenues 31,224  159  —  —  (31,383) — 
Depreciation 18,253  4,215  6,119  28,587 
Amortization 2,729  5,124  43,985  51,838 
Income (loss) from operations 41,444  8,903  (1,134,456) (77,378) —  (1,161,487)
Purchases of property and equipment 8,925  1,550  8,921  —  —  19,396 
  Six Months Ended June 30, 2023
  Expedited Freight Intermodal Omni Logistics Corporate Eliminations Consolidated
External revenues $ 538,944  $ 152,387  $ —  $ —  $ —  $ 691,331 
Intersegment revenues 69  33  —  —  (102) — 
Depreciation 14,105  4,430  —  —  —  18,535 
Amortization 1,960  5,122  —  —  —  7,082 
Income (loss) from operations 56,748  15,515  —  1,258  —  73,521 
Purchases of property and equipment 16,273  563  —  —  —  16,836 
Total Assets
As of June 30, 2024 $ 657,434  $ 261,170  $ 1,959,593  $ 189,133  $ (14) $ 3,067,316 
As of December 31, 2023 661,270  270,421  —  2,047,901  (59) 2,979,533