Segment Reporting Disclosure [Text Block] |
We reported five distinct business segments during the six months ended June 30, 2025 and 2024. These segments included Intermodal (JBI), Dedicated Contract Services® (DCS®), Integrated Capacity Solutions (ICS), Final Mile Services® (FMS), and Truckload (JBT). The operation of each of these businesses is described in Note 13, Segment Information, of our Annual Report (Form 10-K) for the year ended December 31, 2024. A summary of certain segment information is presented below (in millions):
|
|
Assets
(Excludes intercompany accounts)
As of
|
|
|
|
June 30, 2025
|
|
|
December 31, 2024
|
|
JBI
|
|
$ |
3,485 |
|
|
$ |
3,507 |
|
DCS
|
|
|
2,198 |
|
|
|
2,195 |
|
ICS
|
|
|
263 |
|
|
|
288 |
|
FMS
|
|
|
514 |
|
|
|
544 |
|
JBT
|
|
|
368 |
|
|
|
389 |
|
Total segment assets
|
|
|
6,828 |
|
|
|
6,923 |
|
Other (includes corporate)
|
|
|
1,413 |
|
|
|
1,389 |
|
Total
|
|
$ |
8,241 |
|
|
$ |
8,312 |
|
|
|
Net Capital Expenditures (1)
For The Six Months Ended
June 30,
|
|
|
|
2025
|
|
|
2024
|
|
JBI
|
|
$ |
132.3 |
|
|
$ |
181.6 |
|
DCS
|
|
|
140.4 |
|
|
|
102.3 |
|
ICS
|
|
|
0.6 |
|
|
|
11.1 |
|
FMS
|
|
|
8.3 |
|
|
|
10.6 |
|
JBT
|
|
|
(0.1 |
) |
|
|
12.5 |
|
Total segment net capital expenditures
|
|
|
281.5 |
|
|
|
318.1 |
|
Other (includes corporate)
|
|
|
117.6 |
|
|
|
90.8 |
|
Total
|
|
$ |
399.1 |
|
|
$ |
408.9 |
|
|
|
Revenues and Operating Income/(Loss)
|
|
|
|
For The Three Months ended June 30, 2025
|
|
|
|
JBI
|
|
|
DCS
|
|
|
ICS
|
|
|
FMS
|
|
|
JBT
|
|
|
Intersegment Eliminations
|
|
|
Consolidated
|
|
Total operating revenues
|
|
$ |
1,437.9 |
|
|
$ |
846.8 |
|
|
$ |
260.2 |
|
|
$ |
210.6 |
|
|
$ |
177.0 |
|
|
$ |
(4.3 |
) |
|
$ |
2,928.2 |
|
Operating expenses:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Rents, purchased transportation, and fuel
|
|
|
887.5 |
|
|
|
104.0 |
|
|
|
222.6 |
|
|
|
79.5 |
|
|
|
131.1 |
|
|
|
|
|
|
|
|
|
Salaries, wages and employee benefits
|
|
|
220.7 |
|
|
|
386.8 |
|
|
|
16.8 |
|
|
|
70.5 |
|
|
|
10.6 |
|
|
|
|
|
|
|
|
|
Depreciation and amortization
|
|
|
61.5 |
|
|
|
79.0 |
|
|
|
2.0 |
|
|
|
11.0 |
|
|
|
5.7 |
|
|
|
|
|
|
|
|
|
Operating supplies and expenses
|
|
|
66.0 |
|
|
|
70.2 |
|
|
|
1.7 |
|
|
|
9.5 |
|
|
|
7.7 |
|
|
|
|
|
|
|
|
|
Insurance and claims
|
|
|
27.7 |
|
|
|
44.6 |
|
|
|
4.0 |
|
|
|
6.2 |
|
|
|
7.0 |
|
|
|
|
|
|
|
|
|
General and administrative expenses, net of asset dispositions
|
|
|
70.9 |
|
|
|
54.0 |
|
|
|
16.4 |
|
|
|
24.1 |
|
|
|
11.1 |
|
|
|
|
|
|
|
|
|
Other segment items (2)
|
|
|
7.9 |
|
|
|
14.5 |
|
|
|
0.3 |
|
|
|
1.8 |
|
|
|
0.4 |
|
|
|
|
|
|
|
|
|
Total operating expenses
|
|
|
1,342.2 |
|
|
|
753.1 |
|
|
|
263.8 |
|
|
|
202.6 |
|
|
|
173.6 |
|
|
|
(4.4 |
) |
|
|
2,730.9 |
|
Operating Income (3)
|
|
$ |
95.7 |
|
|
$ |
93.7 |
|
|
$ |
(3.6 |
) |
|
$ |
8.0 |
|
|
$ |
3.4 |
|
|
$ |
0.1 |
|
|
$ |
197.3 |
|
|
|
Revenues and Operating Income/(Loss)
|
|
|
|
For The Three Months ended June 30, 2024
|
|
|
|
JBI
|
|
|
DCS
|
|
|
ICS
|
|
|
FMS
|
|
|
JBT
|
|
|
Intersegment Eliminations
|
|
|
Consolidated
|
|
Total operating revenues
|
|
$ |
1,407.5 |
|
|
$ |
851.0 |
|
|
$ |
270.4 |
|
|
$ |
235.3 |
|
|
$ |
168.1 |
|
|
$ |
(3.6 |
) |
|
$ |
2,928.7 |
|
Operating expenses:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Rents, purchased transportation, and fuel
|
|
|
888.1 |
|
|
|
115.8 |
|
|
|
232.4 |
|
|
|
84.5 |
|
|
|
120.8 |
|
|
|
|
|
|
|
|
|
Salaries, wages and employee benefits
|
|
|
202.0 |
|
|
|
381.3 |
|
|
|
19.2 |
|
|
|
78.6 |
|
|
|
11.2 |
|
|
|
|
|
|
|
|
|
Depreciation and amortization
|
|
|
61.3 |
|
|
|
82.2 |
|
|
|
4.3 |
|
|
|
11.3 |
|
|
|
9.0 |
|
|
|
|
|
|
|
|
|
Operating supplies and expenses
|
|
|
58.8 |
|
|
|
68.0 |
|
|
|
1.3 |
|
|
|
10.7 |
|
|
|
6.8 |
|
|
|
|
|
|
|
|
|
Insurance and claims
|
|
|
22.4 |
|
|
|
43.1 |
|
|
|
4.6 |
|
|
|
3.2 |
|
|
|
5.1 |
|
|
|
|
|
|
|
|
|
General and administrative expenses, net of asset dispositions
|
|
|
67.9 |
|
|
|
49.2 |
|
|
|
21.5 |
|
|
|
25.0 |
|
|
|
11.3 |
|
|
|
|
|
|
|
|
|
Other segment items (2)
|
|
|
7.8 |
|
|
|
15.0 |
|
|
|
0.4 |
|
|
|
2.2 |
|
|
|
0.4 |
|
|
|
|
|
|
|
|
|
Total operating expenses
|
|
|
1,308.3 |
|
|
|
754.6 |
|
|
|
283.7 |
|
|
|
215.5 |
|
|
|
164.6 |
|
|
|
(3.7 |
) |
|
|
2,723.0 |
|
Operating Income (3)
|
|
$ |
99.2 |
|
|
$ |
96.4 |
|
|
$ |
(13.3 |
) |
|
$ |
19.8 |
|
|
$ |
3.5 |
|
|
$ |
0.1 |
|
|
$ |
205.7 |
|
|
|
Revenues and Operating Income/(Loss)
|
|
|
|
For The Six Months ended June 30, 2025
|
|
|
|
JBI
|
|
|
DCS
|
|
|
ICS
|
|
|
FMS
|
|
|
JBT
|
|
|
Intersegment Eliminations
|
|
|
Consolidated
|
|
Total operating revenues
|
|
$ |
2,907.1 |
|
|
$ |
1,669.0 |
|
|
$ |
528.3 |
|
|
$ |
411.3 |
|
|
$ |
343.6 |
|
|
$ |
(9.7 |
) |
|
$ |
5,849.6 |
|
Operating expenses:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Rents, purchased transportation, and fuel
|
|
|
1,814.4 |
|
|
|
213.1 |
|
|
|
451.6 |
|
|
|
151.5 |
|
|
|
252.5 |
|
|
|
|
|
|
|
|
|
Salaries, wages and employee benefits
|
|
|
439.7 |
|
|
|
758.2 |
|
|
|
33.6 |
|
|
|
141.1 |
|
|
|
21.0 |
|
|
|
|
|
|
|
|
|
Depreciation and amortization
|
|
|
122.1 |
|
|
|
158.8 |
|
|
|
4.0 |
|
|
|
22.3 |
|
|
|
14.4 |
|
|
|
|
|
|
|
|
|
Operating supplies and expenses
|
|
|
128.2 |
|
|
|
140.6 |
|
|
|
3.2 |
|
|
|
19.6 |
|
|
|
14.4 |
|
|
|
|
|
|
|
|
|
Insurance and claims
|
|
|
56.4 |
|
|
|
88.6 |
|
|
|
8.6 |
|
|
|
12.5 |
|
|
|
12.6 |
|
|
|
|
|
|
|
|
|
General and administrative expenses, net of asset dispositions
|
|
|
140.1 |
|
|
|
106.6 |
|
|
|
32.9 |
|
|
|
47.7 |
|
|
|
22.5 |
|
|
|
|
|
|
|
|
|
Other segment items (2)
|
|
|
16.1 |
|
|
|
29.1 |
|
|
|
0.6 |
|
|
|
3.9 |
|
|
|
0.8 |
|
|
|
|
|
|
|
|
|
Total operating expenses
|
|
|
2,717.0 |
|
|
|
1,495.0 |
|
|
|
534.5 |
|
|
|
398.6 |
|
|
|
338.2 |
|
|
|
(9.7 |
) |
|
|
5,473.6 |
|
Operating Income (3)
|
|
$ |
190.1 |
|
|
$ |
174.0 |
|
|
$ |
(6.2 |
) |
|
$ |
12.7 |
|
|
$ |
5.4 |
|
|
$ |
- |
|
|
$ |
376.0 |
|
|
|
Revenues and Operating Income/(Loss)
|
|
|
|
For The Six Months ended June 30, 2024
|
|
|
|
JBI
|
|
|
DCS
|
|
|
ICS
|
|
|
FMS
|
|
|
JBT
|
|
|
Intersegment Eliminations
|
|
|
Consolidated
|
|
Total operating revenues
|
|
$ |
2,802.8 |
|
|
$ |
1,711.0 |
|
|
$ |
555.7 |
|
|
$ |
464.6 |
|
|
$ |
346.4 |
|
|
$ |
(7.8 |
) |
|
$ |
5,872.7 |
|
Operating expenses:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Rents, purchased transportation, and fuel
|
|
|
1,767.7 |
|
|
|
237.2 |
|
|
|
479.1 |
|
|
|
165.2 |
|
|
|
250.9 |
|
|
|
|
|
|
|
|
|
Salaries, wages and employee benefits
|
|
|
403.2 |
|
|
|
764.0 |
|
|
|
40.2 |
|
|
|
158.9 |
|
|
|
22.4 |
|
|
|
|
|
|
|
|
|
Depreciation and amortization
|
|
|
121.8 |
|
|
|
164.3 |
|
|
|
7.6 |
|
|
|
23.0 |
|
|
|
18.1 |
|
|
|
|
|
|
|
|
|
Operating supplies and expenses
|
|
|
116.3 |
|
|
|
137.4 |
|
|
|
2.9 |
|
|
|
21.6 |
|
|
|
14.0 |
|
|
|
|
|
|
|
|
|
Insurance and claims
|
|
|
46.8 |
|
|
|
83.4 |
|
|
|
13.0 |
|
|
|
5.0 |
|
|
|
11.6 |
|
|
|
|
|
|
|
|
|
General and administrative expenses, net of asset dispositions
|
|
|
130.1 |
|
|
|
104.5 |
|
|
|
43.1 |
|
|
|
51.4 |
|
|
|
23.6 |
|
|
|
|
|
|
|
|
|
Other segment items (2)
|
|
|
15.8 |
|
|
|
30.1 |
|
|
|
0.6 |
|
|
|
4.6 |
|
|
|
1.0 |
|
|
|
|
|
|
|
|
|
Total operating expenses
|
|
|
2,601.7 |
|
|
|
1,520.9 |
|
|
|
586.5 |
|
|
|
429.7 |
|
|
|
341.6 |
|
|
|
(7.8 |
) |
|
|
5,472.6 |
|
Operating Income (3)
|
|
$ |
201.1 |
|
|
$ |
190.1 |
|
|
$ |
(30.8 |
) |
|
$ |
34.9 |
|
|
$ |
4.8 |
|
|
$ |
- |
|
|
$ |
400.1 |
|
|
(1)
|
Net capital expenditures report the additions to property and equipment, net of proceeds from the sale of property and equipment.
|
|
(2)
|
Other segment items include communication, utilities, and operating taxes and licenses expense items.
|
|
(3)
|
Refer to the Condensed Consolidated Statements of Earnings for the reconciliation of consolidated operating income to earnings before income taxes.
|
|