Schedule of Segment Information |
Segment results from operations for the three months ended March 31, 2025 and 2024 are as follows:
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For the Three Months Ended March 31, 2025 |
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Expedited Freight |
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Omni Logistics |
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Intermodal |
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Corporate |
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Consolidated |
External revenues |
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$ |
227,196 |
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$ |
323,470 |
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$ |
62,473 |
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$ |
142 |
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$ |
613,281 |
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Intersegment revenues |
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22,185 |
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— |
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19 |
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— |
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22,204 |
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249,381 |
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323,470 |
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62,492 |
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142 |
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635,485 |
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Reconciliation of revenue |
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Elimination of intersegmental revenues |
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(22,204) |
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Total consolidated revenues |
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$ |
613,281
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Less: |
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Purchase transportation |
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120,680 |
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185,734 |
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20,176 |
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(124) |
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Salaries, wages and employee benefits |
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52,577 |
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56,783 |
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15,931 |
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16,624 |
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Operating leases |
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15,433 |
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27,090 |
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|
5,778 |
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|
491 |
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Depreciation and amortization |
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10,379 |
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22,230 |
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4,720 |
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31 |
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Insurance and claims |
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10,308 |
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2,615 |
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2,791 |
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(707) |
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Fuel expense |
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2,471 |
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1,017 |
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2,155 |
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6 |
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Other operating expenses |
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21,899 |
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24,626 |
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5,399 |
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3,609 |
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Segment profit (loss) |
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15,634 |
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3,375 |
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5,542 |
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(19,788) |
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4,763 |
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Reconciliation of segment profit or loss |
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Interest expense, net |
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45,547 |
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Foreign exchange loss (gain) |
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922 |
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Other operations |
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(104) |
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Loss before income taxes |
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$ |
(41,602) |
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For the Three Months Ended March 31, 2024 |
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Expedited Freight |
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Omni Logistics |
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Intermodal |
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Corporate |
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Consolidated |
External revenues |
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$ |
260,753 |
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$ |
224,838 |
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$ |
56,222 |
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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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— |
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70 |
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— |
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12,612 |
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273,295 |
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224,838 |
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56,292 |
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— |
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554,425 |
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Reconciliation of revenue |
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Elimination of intersegmental revenues |
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(12,612) |
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Total consolidated revenues |
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$ |
541,813
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Less: |
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Purchase transportation |
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127,760 |
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144,424 |
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17,443 |
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— |
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Salaries, wages and employee benefits |
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62,553 |
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48,775 |
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15,082 |
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2,457 |
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Operating leases |
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14,982 |
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19,127 |
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4,692 |
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2 |
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Depreciation and amortization |
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10,290 |
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16,869 |
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4,627 |
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— |
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Insurance and claims |
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10,652 |
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2,053 |
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2,606 |
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(2,430) |
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Fuel expense |
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2,581 |
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|
304 |
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2,361 |
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— |
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Other operating expenses |
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24,979 |
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21,871 |
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5,895 |
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60,202 |
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Segment profit (loss) |
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19,498 |
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(28,585) |
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3,586 |
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(60,231) |
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(65,732) |
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Reconciliation of segment profit or loss |
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Interest expense, net |
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40,753 |
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Foreign exchange loss (gain) |
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|
668 |
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Other operations |
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(9) |
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Elimination of intersegment profits |
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— |
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Loss before income taxes |
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$ |
(107,144) |
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Omni Logistics revenues and segment loss in the above table represents the period from January 25, 2024 (the date of acquisition) through March 31, 2024.
Revenue from the individual services within the Expedited Freight segment for the three months ended March 31, 2025 and 2024 are as follows:
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Three Months Ended |
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March 31, 2025 |
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March 31, 2024 |
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Expedited Freight revenues: |
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Network |
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$ |
190,162 |
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$ |
214,493 |
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Truckload |
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39,255 |
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37,055 |
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Other |
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19,964 |
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21,747 |
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Total |
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$ |
249,381 |
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$ |
273,295 |
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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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Consolidated |
As of March 31, 2025 |
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$ |
688,846 |
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$ |
258,905 |
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$ |
1,733,307 |
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$ |
122,784 |
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$ |
2,803,842 |
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As of December 31, 2024 |
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691,369 |
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|
257,323 |
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1,726,088 |
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127,861 |
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2,802,641 |
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