| Information Regarding Reportable Business Segments |
The following tables summarize information about the Company’s reportable business segments as of and for the and thirteen-week periods ended June 28, 2025 and June 29, 2024 (in thousands):
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External revenue |
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$ |
2,334,432 |
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$ |
29,453 |
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$ |
2,363,885 |
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$ |
2,363,607 |
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$ |
32,441 |
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$ |
2,396,048 |
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Internal revenue |
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53,093 |
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53,093 |
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53,346 |
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53,346 |
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Total revenue |
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2,334,432 |
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82,546 |
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2,416,978 |
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2,363,607 |
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85,787 |
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2,449,394 |
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Investment income |
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7,327 |
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7,327 |
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7,066 |
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7,066 |
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Purchased transportation |
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1,839,289 |
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1,839,289 |
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1,855,579 |
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1,855,579 |
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Commissions to agents |
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192,836 |
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192,836 |
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197,098 |
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197,098 |
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Other operating costs, net of gains on asset sales/dispositions |
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31,424 |
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31,424 |
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28,994 |
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28,994 |
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Insurance and claims |
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63,373 |
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60,021 |
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123,394 |
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54,837 |
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51,941 |
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106,778 |
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Selling, general and administrative |
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111,985 |
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5,303 |
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117,288 |
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105,017 |
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6,344 |
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111,361 |
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Depreciation and amortization |
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24,375 |
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24,375 |
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28,630 |
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28,630 |
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Operating income |
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71,150 |
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24,549 |
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95,699 |
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93,452 |
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34,568 |
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128,020 |
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Goodwill |
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41,399 |
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41,399 |
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41,607 |
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41,607 |
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Operating income |
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95,699 |
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128,020 |
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Interest and debt expense (income) (1) |
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539 |
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(3,286 |
) |
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Income before income taxes |
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95,160 |
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131,306 |
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External revenue |
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$ |
1,196,687 |
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$ |
14,696 |
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$ |
1,211,383 |
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$ |
1,209,075 |
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$ |
15,930 |
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$ |
1,225,005 |
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Internal revenue |
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41,514 |
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41,514 |
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41,277 |
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41,277 |
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Total revenue |
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1,196,687 |
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56,210 |
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1,252,897 |
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1,209,075 |
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57,207 |
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1,266,282 |
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Investment income |
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3,729 |
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3,729 |
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3,654 |
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3,654 |
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Purchased transportation |
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941,411 |
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941,411 |
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950,058 |
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950,058 |
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Commissions to agents |
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99,522 |
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99,522 |
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99,816 |
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99,816 |
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Other operating costs, net of gains on asset sales/dispositions |
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19,595 |
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19,595 |
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14,135 |
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14,135 |
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Insurance and claims |
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29,517 |
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42,446 |
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71,963 |
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27,984 |
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40,457 |
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68,441 |
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Selling, general and administrative |
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52,559 |
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3,147 |
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55,706 |
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51,823 |
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3,116 |
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54,939 |
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Depreciation and amortization |
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12,149 |
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12,149 |
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14,488 |
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14,488 |
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Operating income |
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41,934 |
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14,346 |
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56,280 |
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50,771 |
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17,288 |
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68,059 |
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Operating income |
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56,280 |
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68,059 |
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Interest and debt expense (income) (1) |
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698 |
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(1,675 |
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Income before income taxes |
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55,582 |
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69,734 |
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(1) |
Interest and debt expense (income) includes (i) interest income earned on cash balances held by the transportation logistics segment of $2,409 and $5,045 in the 2025 and 2024 periods, respectively, and $741 and $2,545 in the 2025 and 2024 thirteen-week periods, respectively, and (ii) consolidated total interest expense of $2,948 and $1,759 in the 2025 and 2024 periods, respectively, and $1,439 and $870 in the 2025 and 2024 thirteen-week periods, respectively. |
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