v3.22.2.2
Revenue Recognition
 9 Months Ended
Sep. 30, 2022
Revenue from Contract with Customer [Abstract]  
Revenue Recognition Revenue Recognition
Disaggregation of Revenues
We disaggregate our revenue by geographic area, service offering and industry sector. The majority of our revenue, based on sales office location, is generated in the U.S. Approximately 9% and 10% of our revenues were generated outside the U.S. (primarily in North America, excluding the U.S., and Asia) for the three months ended September 30, 2022 and 2021, respectively. Approximately 9% of our revenues were generated outside the U.S. (primarily in North America, excluding the U.S., and Asia) in each of the nine months ended September 30, 2022 and 2021.
Our revenue disaggregated by service offering was as follows:
Three Months Ended September 30,Nine Months Ended September 30,
(In millions)2022202120222021
Revenue
Truck brokerage$686 $700 $2,265 $1,903 
Last mile264 250 784 765 
Managed transportation122 151 394 485 
Freight forwarding101 125 340 289 
Eliminations(35)(28)(107)(80)
Total$1,138 $1,198 $3,676 $3,362 
Our revenue by industry sector was approximately as follows:
Three Months Ended September 30,Nine Months Ended September 30,
(In millions)2022202120222021
Revenue
Retail/e-commerce$408 $436 $1,340 $1,259 
Food and beverage129 149 433 426 
Industrial/manufacturing207 206 650 554 
Logistics and transportation46 80 196 235 
Automotive88 81 276 231 
Other260 246 781 657 
Total$1,138 $1,198 $3,676 $3,362 
Performance Obligations
Remaining performance obligations represent firm contracts for which services have not been performed and future revenue recognition is expected. As permitted in determining the remaining performance obligation, we omit obligations that: (i) have original expected durations of one year or less or (ii) contain variable consideration. On September 30, 2022, the fixed consideration component of our remaining performance obligation was approximately $151 million, and we expect approximately 91% of that amount to be recognized over the next three years and the remainder thereafter. We estimate remaining performance obligations at a point in time and actual amounts may differ from these estimates due to changes in foreign currency exchange rates and contract revisions or terminations.