v3.25.1
Summary of Significant Accounting Policies (Tables)
3 Months Ended
Mar. 31, 2025
Accounting Policies [Abstract]  
Schedule of Measure of Segment Assets

The following table presents selected financial information with respect to the Company’s single reportable segment (in thousands):

 

 

 

First Quarter

 

 

 

2025

 

 

2024

 

Revenue

 

$

787,575

 

 

$

754,775

 

Less:

 

 

 

 

 

 

Wages (a)

 

 

233,528

 

 

 

207,426

 

Salaries (a)

 

 

51,676

 

 

 

45,199

 

Purchased Transportation

 

 

59,849

 

 

 

52,507

 

Other Segment items (b)

 

 

313,668

 

 

 

282,094

 

Depreciation and Amortization

 

 

59,043

 

 

 

48,849

 

Interest Expense

 

 

4,285

 

 

 

542

 

Interest Income

 

 

(39

)

 

 

(755

)

Income Tax Expense

 

 

15,755

 

 

 

28,218

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Segment and Consolidated Net Income

 

$

49,810

 

 

$

90,695

 

 

(a) Wages includes payroll costs for non-management employees generally paid on an hourly or per-mile basis. Salaries includes payroll costs for exempt employees.

 

(b) Other segment items include employees' benefits, fuel, operating expenses and supplies, operating taxes and licenses and claims and insurance.