Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets (Tables)

v3.24.3
Goodwill and Intangible Assets (Tables)
 9 Months Ended
Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
Changes in the carrying amount of goodwill during the nine months ended September 30, 2024 are summarized as follows:
Expedited Freight Intermodal Omni Logistics Consolidated
Balance as of December 31, 2023 $ 141,720  $ 136,986  $ —  $ 278,706 
Acquisition —  —  1,544,830  1,544,830 
Impairment —  —  (1,107,465) (1,107,465)
Balance as of September 30, 2024 $ 141,720  $ 136,986  $ 437,365  $ 716,071 
Schedule of Other Intangible Assets
Changes in the carrying amount of acquired intangible assets during the nine months ended September 30, 2024 are summarized as follows:

Gross Carrying Amount
Customer Relationships1
Non-Compete Agreements Trade Names Total
Balance as of December 31, 2023 $ 253,914  $ 6,407  $ 1,500  $ 261,821 
Acquisition 915,400  23,400  23,100  961,900 
Balance as of September 30, 2024 $ 1,169,314  $ 29,807  $ 24,600  $ 1,223,721 

Accumulated Amortization
Customer Relationships1
Non-Compete Agreements Trade Names Total
Balance as of December 31, 2023 $ 118,993  $ 6,539  $ 1,500  $ 127,032 
Amortization expense 55,373  4,884  3,080  63,337 
Balance as of September 30, 2024 $ 174,366  $ 11,423  $ 4,580  $ 190,369 
1 Carrying value as of September 30, 2024 and December 31, 2023 is inclusive of $16,501 of accumulated impairment.