v3.25.1
Information by Segment and Geography
 3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Information by Segment and Geography Financial Information by Segment and Geography
Segment Information
Quarter Ended March 31, 2025
Operating income (loss) by segment:TruckloadLTLLogisticsIntermodalAll Other SegmentsEliminationsTotal
(In thousands)
Total revenue$1,192,550 $352,401 $141,621 $91,103 $71,565 $(24,878)$1,824,362 
Less 1:
Salaries, wages, and benefits$432,160 $199,881 $6,759 $14,975 $68,389 $(505)$721,659 
Fuel173,202 29,164 — 4,365 515 — 207,246 
Operations and maintenance 2
119,533 23,100 4,631 7,199 (17,117)(4,974)132,372 
Insurance and claims73,791 13,530 1,578 1,410 1,916 — 92,225 
Depreciation and amortization of property and equipment132,860 23,053 615 5,668 15,283 — 177,479 
Purchased transportation106,349 7,598 115,995 53,913 2,857 (9,418)277,294 
Other segment items 2 3
110,055 43,381 6,900 5,385 (6,316)(9,981)149,424 
Total operating expense$1,147,950 $339,707 $136,478 $92,915 $65,527 $(24,878)$1,757,699 
Operating income (loss)$44,600 $12,694 $5,143 $(1,812)$6,038 $— $66,663 
Operating ratio96.3%96.4%96.4%102.0%91.6%100.0%96.3%
Quarter Ended March 31, 2024 (Recast)
Operating income (loss) by segment:TruckloadLTLLogisticsIntermodalAll Other SegmentsEliminationsTotal
(In thousands)
Total revenue$1,263,015 $282,122 $126,729 $87,985 $85,079 $(22,463)$1,822,467 
Less 1:
Salaries, wages, and benefits$445,819 $156,707 $7,118 $14,665 $69,160 $(562)$692,907 
Fuel203,621 26,011 — 4,250 707 — 234,589 
Operations and maintenance 2
129,808 17,203 1,919 7,165 (16,209)(5,253)134,633 
Insurance and claims77,625 10,043 1,958 1,066 31,754 — 122,446 
Depreciation and amortization of property and equipment139,994 18,099 951 5,455 17,366 — 181,865 
Purchased transportation116,427 3,593 105,400 54,762 4,693 (7,618)277,257 
Other segment items 2 3
126,574 30,179 6,910 5,530 (1,948)(9,030)158,215 
Total operating expense$1,239,868 $261,835 $124,256 $92,893 $105,523 $(22,463)$1,801,912 
Operating income (loss)$23,147 $20,287 $2,473 $(4,908)$(20,444)$— $20,555 
Operating ratio98.2%92.8%98.0%105.6%124.0%100.0%98.9%
1The significant expense categories and amounts align with the segment-level information that is regularly provided to the chief operating decision maker.
2The credits within All Other Segments represent allocations within corporate to the other segments.
3Other segment items for each reportable segment include operating taxes and licenses, communications, amortization of intangibles, rental expense, impairments, and other miscellaneous operating expenses.
Geographical Information
In the aggregate, total revenue from the Company's international operations was less than 5.0% of consolidated total revenue for the quarters ended March 31, 2025 and 2024. Additionally, long-lived assets on the Company's international subsidiary balance sheets were less than 5.0% of consolidated total assets as of March 31, 2025 and December 31, 2024.