Quarterly report [Sections 13 or 15(d)]

Segment Reporting (Tables)

v3.26.3
Segment Reporting (Tables)
 9 Months Ended
Sep. 30, 2026
Segment Reporting [Abstract]  
Schedule of Segment Information
Disaggregated results from operations by segment are as follows:
Three Months Ended September 30, 2026
Expedited Freight Omni Logistics Intermodal Corporate and Eliminations Total
External revenues $ 299,216  $ 312,313  $ 62,332  $ —  $ 673,861 
Intersegment revenues 38,191  —  1,121  (39,312) — 
Total operating revenues 337,407  312,313  63,453  (39,312) 673,861 
Operating expenses:
Purchased transportation 179,504  179,156  24,225  (39,312) 343,573
Salaries, wages and employee benefits 56,370  46,780  13,055  6,759  122,964
Operating leases 17,577  25,221  6,867  110  49,775
Depreciation and amortization 8,563  23,124  3,861  1,991  37,539
Insurance and claims 10,355  930  2,999  (1,033) 13,251
Fuel expense 3,343  461  2,535  —  6,339
Other operating expenses 25,234  24,435  4,725  2,131  56,525
Segment profit (loss) $ 36,461  $ 12,206  $ 5,186  $ (9,958) $ 43,895 
Interest expense, net (44,096)
Foreign exchange loss (1,344)
Other income (expense), net 10,680 
Income (loss) from continuing operations before income taxes $ 9,135 
Three Months Ended September 30, 2025
Expedited Freight Omni Logistics Intermodal Corporate and Eliminations Total
External revenues $ 234,383  $ 339,584  $ 57,796  $ —  $ 631,763 
Intersegment revenues 24,171  —  536  (24,707) — 
Total operating revenues 258,554  339,584  58,332  (24,707) 631,763 
Operating expenses:
Purchased transportation 125,265  196,312  19,331  (24,518) 316,390 
Salaries, wages and employee benefits 54,403  58,373  14,198  4,935  131,909 
Operating leases 15,797  29,979  6,288  86  52,150 
Depreciation and amortization 10,160  22,832  4,382  374  37,748 
Insurance and claims 10,415  (59) 2,900  (537) 12,719 
Fuel expense 2,155  874  1,999  1  5,029 
Other operating expenses 20,914  21,524  5,132  13,241  60,811 
Segment profit (loss) $ 19,445  $ 9,749  $ 4,102  $ (18,289) $ 15,007 
Interest expense, net (44,775)
Foreign exchange loss (539)
Other income (expense), net 6,935 
Income (loss) from continuing operations before income taxes $ (23,372)
Nine Months Ended September 30, 2026
Expedited Freight Omni Logistics Intermodal Corporate and Eliminations Total
External revenues $ 802,250  $ 953,278  $ 173,415  $ —  $ 1,928,943 
Intersegment revenues 126,926  —  2,854  (129,780) — 
Total operating revenues 929,176  953,278  176,269  (129,780) 1,928,943 
Operating expenses:
Purchased transportation 489,123  538,245  65,654  (129,780) 963,242 
Salaries, wages and employee benefits 169,588  162,402  40,501  (3,911) 368,580 
Operating leases 49,521  80,389  18,748  1,082  149,740 
Depreciation and amortization 25,370  71,493  11,896  5,563  114,322 
Insurance and claims 30,533  1,674  7,569  651  40,427 
Fuel expense 9,064  1,422  7,446  (22) 17,910 
Other operating expenses 64,577  70,721  11,944  20,450  167,692 
Impairment of goodwill —  244,006  —  —  244,006 
Segment profit (loss) $ 91,400  $ (217,074) $ 12,511  $ (23,813) $ (136,976)
Interest expense, net (131,404)
Foreign exchange loss (212)
Other income (expense), net (4,708)
Income (loss) from continuing operations before income taxes $ (273,300)
Nine Months Ended September 30, 2025
Expedited Freight Omni Logistics Intermodal Corporate and Eliminations Total
External revenues $ 693,402  $ 991,370  $ 179,116  $ —  $ 1,863,888 
Intersegment revenues 72,229  —  854  (73,083) — 
Total operating revenues 765,631  991,370  179,970  (73,083) 1,863,888 
Operating expenses:
Purchased transportation 370,393  567,086  59,556  (73,083) 923,952
Salaries, wages and employee benefits 160,918  176,740  45,514  36,142  419,314
Operating leases 48,585  82,755  17,402  1,706  150,448
Depreciation and amortization 30,896  67,481  13,604  (67) 111,914
Insurance and claims 31,416  3,804  8,838  (797) 43,261
Fuel expense 7,144  2,779  6,011  22  15,956
Other operating expenses 61,705  70,415  14,986  12,645  159,751
Segment profit (loss) $ 54,574  $ 20,310  $ 14,059  $ (49,651) $ 39,292 
Interest expense, net (135,648)
Foreign exchange loss (6,114)
Other income (expense), net 383 
Income (loss) from continuing operations before income taxes $ (102,087)
Disaggregated external revenues by segment are as follows:
Three Months Ended September 30, 2026
Expedited Freight Omni Logistics Intermodal Total
External revenues:
Ground $ 299,216  $ 106,043  $ —  $ 405,259 
Contract Logistics —  109,436  —  109,436 
Air and Ocean —  96,834  —  96,834 
Intermodal —  —  62,332  62,332 
Total external revenues $ 299,216  $ 312,313  $ 62,332  $ 673,861 
Three Months Ended September 30, 2025
Expedited Freight Omni Logistics Intermodal Total
External revenues:
Ground $ 234,383  $ 164,591  $ —  $ 398,974 
Contract Logistics —  97,464  —  97,464 
Air and Ocean —  77,529  —  77,529 
Intermodal —  —  57,796  57,796 
Total external revenues $ 234,383  $ 339,584  $ 57,796  $ 631,763 
Nine Months Ended September 30, 2026
Expedited Freight Omni Logistics Intermodal Total
External revenues:
Ground $ 802,250  $ 374,884  $ —  $ 1,177,134 
Contract Logistics —  325,934  —  325,934 
Air and Ocean —  252,460  —  252,460 
Intermodal —  —  173,415  173,415 
Total external revenues $ 802,250  $ 953,278  $ 173,415  $ 1,928,943 
Nine Months Ended September 30, 2025
Expedited Freight Omni Logistics Intermodal Total
External revenues:
Ground $ 693,402  $ 492,115  $ —  $ 1,185,517 
Contract Logistics —  275,061  —  275,061 
Air and Ocean —  224,194  —  224,194 
Intermodal —  —  179,116  179,116 
Total external revenues $ 693,402  $ 991,370  $ 179,116  $ 1,863,888 
Operating revenues from the individual services within the Expedited Freight segment are further sub-disaggregated in the table below:
Three Months Ended Nine Months Ended
September 30, September 30,
2026 2025 2026 2025
Expedited Freight revenues:
Network (1)
$ 242,042  $ 194,035  $ 656,190  $ 578,026 
Truckload 67,540  42,401  199,321  124,292 
Other 27,825  22,118  73,665  63,313 
Total Expedited Freight revenues $ 337,407  $ 258,554  $ 929,176  $ 765,631 
(1)Network revenue is comprised of linehaul, pickup and/or delivery, and fuel surcharge revenue, and excludes accessorial and Truckload revenue.