Annual report pursuant to Section 13 and 15(d)

Accounting Policies (Tables)

v3.20.4
Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2020
Table Text Block [Abstract]  
Property and Equipment
Property and equipment are recorded at cost, less accumulated depreciation and amortization. Depreciation is provided on a straight-line basis over the estimated useful lives, which are reviewed periodically and have the following ranges:
Buildings 30-40 years
Equipment 3-10 years
Leasehold improvements Lesser of Useful Life or Initial Lease Term
Self-Insurance Loss Reserves
Company
Risk Retention		 Frequency Layer Policy Term
Expedited Freight¹
LTL business $ 3,000  Occurrence/Accident² $0 to $3,000 10/1/2020 to 10/1/2021
Truckload business $ 2,000  Occurrence/Accident² $0 to $2,000 10/1/2020 to 10/1/2021
LTL and Truckload businesses $ 6,000  Policy Term Aggregate³ $3,000 to $5,000 10/1/2020 to 10/1/2021
LTL and Truckload businesses $ 5,000  Policy Term Aggregate³ $5,000 to $10,000 10/1/2020 to 10/1/2021
Intermodal $ 250  Occurrence/Accident² $0 to $250 4/1/2020 to 10/1/2021
¹ Excluding the Final Mile business, which is primarily a brokered service.
² For each and every accident, the Company is responsible for damages and defense up to these amounts, regardless of the number of claims associated with any accident.
³ During the Policy Term, the Company is responsible for damages and defense within the stated Layer up to the stated, aggregate amount of Company Risk Retention before insurance will respond.