v3.25.2
Debt And Financing (Details) - USD ($)
$ in Thousands
6 Months Ended
Jul. 08, 2025
Jun. 30, 2025
Aug. 06, 2024
Jun. 22, 2023
Sep. 03, 2021
Jun. 30, 2025
Dec. 31, 2024
Debt Instrument [Line Items]              
Long-Term Debt   $ 1,526,832       $ 1,526,832 $ 1,593,607
Less: current portion of long-term debt   (134,507)       (134,507) (148,294)
Long-term debt – less current portion   1,392,325       1,392,325 1,445,313
Revolving line of credit   297,000       297,000 232,000
Long-term Debt   1,823,832       1,823,832 1,825,607
Letters of Credit Outstanding, Amount   197,100       197,100 246,000
2021 Term Loan A-2              
Debt Instrument [Line Items]              
Long-Term Debt [1],[2]   349,404       349,404 349,149
Deferred loan costs   $ 600       600 900
Line of Credit Facility, Maximum Borrowing Capacity     $ 350,000   $ 200,000    
Final maturity date     Sep. 03, 2026        
Program fees on outstanding balances     SOFR + credit spread adjustment 10 basis points        
Minimum principal payment — amount     $ 0        
Minimum principal payment — frequency     Once        
Minimum principal payment — commencement date     Sep. 03, 2026        
Debt Instrument, Interest Rate During Period   5.93%          
2021 Term Loan A-2 | Minimum [Member]              
Debt Instrument [Line Items]              
Debt Instrument, Interest Rate, Stated Percentage [3]     0.88%        
2021 Term Loan A-2 | Maximum [Member]              
Debt Instrument [Line Items]              
Debt Instrument, Interest Rate, Stated Percentage [3]     1.50%        
2021 Term Loan A-3              
Debt Instrument [Line Items]              
Long-Term Debt [1],[2]   $ 759,588       759,588 779,411
Deferred loan costs   $ 400       400 600
Line of Credit Facility, Maximum Borrowing Capacity         $ 800,000    
Final maturity date         Sep. 03, 2026    
Program fees on outstanding balances     SOFR + credit spread adjustment 10 basis points        
Minimum principal payment — amount         $ 10,000    
Minimum principal payment — frequency         Quarterly    
Minimum principal payment — commencement date         Sep. 30, 2024    
Debt Instrument, Interest Rate During Period   5.93%          
2021 Term Loan A-3 | Minimum [Member]              
Debt Instrument [Line Items]              
Debt Instrument, Interest Rate, Stated Percentage [3]         0.88%    
2021 Term Loan A-3 | Maximum [Member]              
Debt Instrument [Line Items]              
Debt Instrument, Interest Rate, Stated Percentage [3]         1.50%    
2023 Term Loan              
Debt Instrument [Line Items]              
Long-Term Debt [2],[4]   $ 249,621       249,621 249,459
Deferred loan costs   $ 400       400 500
Line of Credit Facility, Maximum Borrowing Capacity       $ 250,000      
Final maturity date       Sep. 03, 2026      
Program fees on outstanding balances       SOFR      
Debt Instrument, Interest Rate, Stated Percentage       1.75%      
Minimum principal payment — amount       $ 0      
Debt Instrument, Interest Rate During Period   6.18%          
Debt Instrument, Basis Spread on Variable Rate       0.10%      
2021 Prudential Notes              
Debt Instrument [Line Items]              
Long-Term Debt [2]   $ 8,584       8,584 16,611
2021 Prudential Notes | Minimum [Member]              
Debt Instrument [Line Items]              
Debt Instrument, Interest Rate, Stated Percentage         4.05%    
2021 Prudential Notes | Maximum [Member]              
Debt Instrument [Line Items]              
Debt Instrument, Interest Rate, Stated Percentage         4.40%    
Other Debt              
Debt Instrument [Line Items]              
Secured Debt, Other   6,255       6,255 6,722
2021 Revolver              
Debt Instrument [Line Items]              
Letters of Credit Outstanding, Amount   $ 18,000       18,000 18,100
Line of Credit Facility, Maximum Borrowing Capacity [5]         $ 1,100,000    
Final maturity date [5]         Sep. 03, 2026    
Program fees on outstanding balances [5]     SOFR + credit spread adjustment 10 basis points        
Minimum principal payment — amount [5]         $ 0    
Minimum principal payment — frequency [5]         Once    
Minimum principal payment — commencement date [5]         Sep. 03, 2026    
Debt Instrument, Interest Rate During Period   5.93%          
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage   0.20%          
Line of Credit Facility, Commitment Fee Percentage   1.50%          
2021 Revolver | Minimum [Member]              
Debt Instrument [Line Items]              
Debt Instrument, Interest Rate, Stated Percentage [3],[5]         0.88%    
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage         0.10%    
2021 Revolver | Maximum [Member]              
Debt Instrument [Line Items]              
Debt Instrument, Interest Rate, Stated Percentage [3],[5]         1.50%    
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage         0.20%    
U.S. Xpress Revenue Equipment Installment Notes              
Debt Instrument [Line Items]              
Secured Debt [2],[6]   $ 153,380       $ 153,380 $ 192,255
Debt, Weighted Average Interest Rate   4.77%       4.77% 4.68%
Debt Instrument, Collateral Amount   $ 134,200       $ 134,200  
U.S. Xpress Revenue Equipment Installment Notes | Minimum [Member]              
Debt Instrument [Line Items]              
Debt Instrument, Interest Rate During Period   2.00%          
Debt Instrument, Term           48 months  
U.S. Xpress Revenue Equipment Installment Notes | Maximum [Member]              
Debt Instrument [Line Items]              
Debt Instrument, Interest Rate During Period   7.17%          
Debt Instrument, Term           84 months  
2025 Revolver | Subsequent Event              
Debt Instrument [Line Items]              
Line of Credit Facility, Maximum Borrowing Capacity [5] $ 1,500,000            
Final maturity date [5] Jul. 08, 2030            
2025 Term Loan A-1 | Subsequent Event              
Debt Instrument [Line Items]              
Line of Credit Facility, Maximum Borrowing Capacity $ 700,000            
Final maturity date Jul. 08, 2030            
2025 Term Loan A-2 | Subsequent Event              
Debt Instrument [Line Items]              
Line of Credit Facility, Maximum Borrowing Capacity $ 300,000            
Final maturity date Jan. 08, 2027            
Line of Credit | 2021 Revolver              
Debt Instrument [Line Items]              
Revolving line of credit [2],[7]   $ 297,000       $ 297,000 $ 232,000
Line of Credit | 2025 Revolver | Subsequent Event              
Debt Instrument [Line Items]              
Revolving line of credit $ 672,000            
Loans Payable [Member]              
Debt Instrument [Line Items]              
Line of Credit Facility, Maximum Borrowing Capacity         $ 2,300,000    
Loans Payable [Member] | Subsequent Event              
Debt Instrument [Line Items]              
Line of Credit Facility, Maximum Borrowing Capacity $ 2,500,000            
Loans Payable [Member] | 2021 Term Loan A-2              
Debt Instrument [Line Items]              
Deferred loan costs   600       600 900
Loans Payable [Member] | 2021 Term Loan A-3              
Debt Instrument [Line Items]              
Deferred loan costs   400       400 600
Loans Payable [Member] | 2023 Term Loan              
Debt Instrument [Line Items]              
Deferred loan costs   $ 400       $ 400 $ 500
Loans Payable [Member] | 2021 Prudential Notes              
Debt Instrument [Line Items]              
Line of Credit Facility, Maximum Borrowing Capacity         $ 125,000    
[1] As of June 30, 2025, the carrying amounts of the 2021 Term Loan A-2 and 2021 Term Loan A-3 were net of $0.6 million and $0.4 million in deferred loan costs, respectively. As of December 31, 2024, the carrying amounts of the 2021 Term Loan A-2 and 2021 Term Loan A-3 were net of $0.9 million and $0.6 million in deferred loan costs, respectively.
[2] Refer to Note 12 for information regarding the fair value of debt.
[3] The interest rate margin for the 2021 Term Loans and 2021 Revolver is based on the Company's consolidated leverage ratio. As of June 30, 2025, interest accrued at 5.93% on the 2021 Term Loan A-2, 5.93% on the 2021 Term Loan A-3, and 5.93% on the 2021 Revolver.
[4] As of June 30, 2025, the carrying amount of the 2023 Term Loan was net of $0.4 million in deferred loan costs. As of December 31, 2024, the carrying amounts of the 2023 Term Loan was net of $0.5 million in deferred loan costs.
[5] The commitment fee for the unused portion of the 2021 Revolver is based on the Company's consolidated leverage ratio, and ranges from 0.1% to 0.2%. As of June 30, 2025, commitment fees on the unused portion of the 2021 Revolver accrued at 0.2% and outstanding letter of credit fees accrued at 1.5%.
[6] The revenue equipment installment loans were assumed at the close of the U.S. Xpress Acquisition and have a weighted average interest rate of 4.77% and 4.68% as of June 30, 2025 and December 31, 2024, respectively.
[7] The Company also had outstanding letters of credit of $18.0 million and $18.1 million under the 2021 Revolver, primarily related to workers' compensation and self-insurance liabilities for both June 30, 2025 and December 31, 2024, respectively. The Company also had outstanding letters of credit of $197.1 million and $246.0 million under a separate bilateral agreement which do not impact the availability of the 2021 Revolver as of June 30, 2025 and December 31, 2024, respectively.