Quarterly report pursuant to Section 13 or 15(d)

Segment Reporting (Tables)

v3.24.3
Segment Reporting (Tables)
 9 Months Ended
Sep. 30, 2024
Segment Reporting [Abstract]  
Schedule of Segment Information
Segment results from operations for the three and nine months ended September 30, 2024 and 2023 are as follows:

  Three Months Ended September 30, 2024
  Expedited Freight Intermodal Omni Logistics Corporate Eliminations Consolidated
External revenues $ 264,129  $ 57,270  $ 334,538  $ —  $ —  $ 655,937 
Intersegment revenues 20,578  142  —  —  (20,720) — 
Depreciation 9,029  2,020  3,346  —  —  14,395 
Amortization 1,452  2,562  7,484  —  —  11,498 
Income (loss) from operations 19,269  4,091  1,136  (1,799) —  22,697 
Purchases of property and equipment 7,577  79  2,758  —  —  10,414 
  Three Months Ended September 30, 2023
  Expedited Freight Intermodal Omni Logistics Corporate Eliminations Consolidated
External revenues $ 278,841  $ 62,135  $ —  $ —  $ —  $ 340,976 
Intersegment revenues 34  48  —  —  (82) — 
Depreciation 8,018  2,626  —  —  —  10,644 
Amortization 1,004  2,561  —  —  —  3,565 
Income (loss) from operations 32,547  4,744  —  (25,602) —  11,689 
Purchases of property and equipment 5,223  21  —  —  —  5,244 

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

  Three Months Ended Nine Months Ended
  September 30, 2024 September 30, 2023 September 30, 2024 September 30, 2023
Expedited Freight revenues:    
Network $ 217,289  $ 216,977  $ 655,116  $ 628,670 
Truckload 43,635  38,800  125,368  120,976 
Other 23,783  23,098  68,800  68,242 
Total $ 284,707  $ 278,875  $ 849,284  $ 817,888 
  Nine Months Ended September 30, 2024
  Expedited Freight Intermodal Omni Logistics Corporate Eliminations Consolidated
External revenues $ 797,483  $ 172,701  $ 871,232  $ —  $ —  $ 1,841,416 
Intersegment revenues 51,801  302  —  —  (52,103) — 
Depreciation 27,282  6,234  9,468  —  —  42,984 
Amortization 4,181  7,687  51,469  —  —  63,337 
Income (loss) from operations 60,713  12,994  (1,133,323) (79,175) —  (1,138,791)
Purchases of property and equipment 16,502  1,629  11,679  —  —  29,810 
  Nine Months Ended September 30, 2023
  Expedited Freight Intermodal Omni Logistics Corporate Eliminations Consolidated
External revenues $ 817,785  $ 214,522  $ —  $ —  $ —  $ 1,032,307 
Intersegment revenues 103  81  —  —  (184) — 
Depreciation 22,123  7,056  —  —  —  29,179 
Amortization 2,964  7,683  —  —  —  10,647 
Income (loss) from operations 89,295  20,259  —  (24,344) —  85,210 
Purchases of property and equipment 21,496  584  —  —  —  22,080 
Total Assets
As of September 30, 2024 $ 674,896  $ 261,081  $ 1,971,503  $ 148,378  $ (18) $ 3,055,840 
As of December 31, 2023 661,270  270,421  —  2,047,901  (59) 2,979,533