Quarterly report [Sections 13 or 15(d)]

Segment Reporting (Tables)

v3.26.1
Segment Reporting (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Schedule of Segment Information
Disaggregated external revenues and results from operations by segment are as follows:
Three Months Ended June 30, 2026 Expedited Freight Omni Logistics Intermodal Corporate and Eliminations Total
External revenues:
Ground $ 275,861  $ 132,854  $ —  $ —  $ 408,715 
Contract Logistics —  112,332  —  —  112,332 
Air and Ocean —  93,361  —  —  93,361 
Intermodal —  —  58,628  —  58,628 
Total external revenues 275,861  338,547  58,628  —  673,036 
Intersegment revenues 43,201  —  1,096  (44,297) — 
Total consolidated revenues 319,062  338,547  59,724  (44,297) 673,036 
Less:
Purchased transportation 167,936  190,166  22,087  (44,297) 335,892
Salaries, wages and employee benefits 57,568  62,226  13,783  (3,537) 130,040
Operating leases 16,416  27,466  6,100  270  50,252
Depreciation and amortization 8,495  23,878  3,882  2,007  38,262
Insurance and claims 10,018  276  1,799  1,585  13,678
Fuel expense 3,668  457  2,541  (22) 6,644
Other operating expenses 20,068  20,082  3,431  11,993  55,574
Impairment of goodwill —  244,006  —  —  244,006 
Segment profit (loss) $ 34,893  $ (230,010) $ 6,101  $ (12,296) $ (201,312)
Interest expense, net (43,721)
Foreign exchange (loss) gain (566)
Other income (expense), net 1,569 
Loss from continuing operations before income taxes $ (244,030)
Three Months Ended June 30, 2025 Expedited Freight Omni Logistics Intermodal Corporate and Eliminations Total
External revenues:
Ground $ 231,823  $ 155,430  $ —  $ (142) $ 387,111 
Contract Logistics —  97,469  —  —  97,469 
Air and Ocean —  75,417  —  —  75,417 
Intermodal —  —  58,847  —  58,847 
Total external revenues
 231,823  328,316  58,847  (142) 618,844 
Intersegment revenues 25,873  —  299  (26,172) — 
Total consolidated revenues 257,696  328,316  59,146  (26,314) 618,844 
Less:
Purchased transportation 124,448  185,040  20,049  (26,237) 303,300 
Salaries, wages and employee benefits 53,938  61,584  15,385  14,583  145,490 
Operating leases 17,355  25,686  5,336  1,128  49,505 
Depreciation and amortization 10,357  22,419  4,502  (472) 36,806 
Insurance and claims 10,693  1,248  3,147  448  15,536 
Fuel expense 2,518  888  1,857  15  5,278 
Other operating expenses 18,892  24,265  4,455  (4,205) 43,407 
Segment profit (loss) $ 19,495  $ 7,186  $ 4,415  $ (11,574) $ 19,522 
Interest expense, net (45,326)
Foreign exchange (loss) gain (4,653)
Other income (expense), net (6,656)
Loss from continuing operations before income taxes $ (37,113)
Six Months Ended June 30, 2026 Expedited Freight Omni Logistics Intermodal Corporate and Eliminations Total
External revenues:
Ground $ 503,034  $ 268,841  $ —  $ —  $ 771,875 
Contract Logistics —  216,498  —  —  216,498 
Air and Ocean —  155,626  —  —  155,626 
Intermodal —  —  111,083  —  111,083 
Total external revenues
 503,034  640,965  111,083  —  1,255,082 
Intersegment revenues 88,735  —  1,733  (90,468) — 
Total consolidated revenues 591,769  640,965  112,816  (90,468) 1,255,082 
Less:
Purchased transportation 309,619  359,089  41,429  (90,468) 619,669 
Salaries, wages and employee benefits 113,218  115,622  27,446  (10,670) 245,616 
Operating leases 31,944  55,168  11,881  972  99,965 
Depreciation and amortization 16,807  48,369  8,035  3,572  76,783 
Insurance and claims 20,178  744  4,570  1,684  27,176 
Fuel expense 5,721  961  4,911  (22) 11,571 
Other operating expenses 39,343  46,286  7,219  18,319  111,167 
Impairment of goodwill —  244,006  —  —  244,006 
Segment profit (loss) $ 54,939  $ (229,280) $ 7,325  $ (13,855) $ (180,871)
Interest expense, net (87,308)
Foreign exchange (loss) gain 1,132 
Other income (expense), net (15,388)
Loss from continuing operations before income taxes $ (282,435)
Six Months Ended June 30, 2025 Expedited Freight Omni Logistics Intermodal Corporate and Eliminations Total
External revenues:
Ground $ 459,019  $ 327,524  $ —  $ —  $ 786,543 
Contract Logistics —  177,597  —  —  177,597 
Air and Ocean —  146,665  —  —  146,665 
Intermodal —  —  121,320  —  121,320 
Total external revenues
 459,019  651,786  121,320  —  1,232,125 
Intersegment revenues 48,058  —  318  (48,376) — 
Total consolidated revenues 507,077  651,786  121,638  (48,376) 1,232,125 
Less:
Purchased transportation 245,128  370,774  40,225  (48,565) 607,562
Salaries, wages and employee benefits 106,515  118,367  31,316  31,207  287,405
Operating leases 32,788  52,776  11,114  1,620  98,298
Depreciation and amortization 20,736  44,649  9,222  (441) 74,166
Insurance and claims 21,001  3,863  5,938  (260) 30,542
Fuel expense 4,989  1,905  4,012  21  10,927
Other operating expenses 40,791  48,891  9,854  (596) 98,940
Segment profit (loss) $ 35,129  $ 10,561  $ 9,957  $ (31,362) $ 24,285 
Interest expense, net (90,873)
Foreign exchange (loss) gain (5,575)
Other income (expense), net (6,552)
Loss from continuing operations before income taxes $ (78,715)
Operating revenues from the individual services within the Expedited Freight segment are further sub-disaggregated in the table below:
Three Months Ended Six Months Ended
June 30, June 30,
2026 2025 2026 2025
Expedited Freight revenues:
Network (1)
$ 225,971  $ 193,829  $ 414,148  $ 383,991 
Truckload 69,237  42,636  131,781  81,891 
Other 23,854  21,231  45,840  41,195 
Total Expedited Freight revenues $ 319,062  $ 257,696  $ 591,769  $ 507,077 
(1)Network revenue is comprised of all revenue, including linehaul, pickup and/or delivery, and fuel surcharge revenue, excluding accessorial and Truckload revenue.