v3.25.2
Fair Value Measurement - Estimated Fair Values (Details) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Financial Assets:    
Equity method investments 1 $ 112,016 $ 104,640
Equity method investments (Estimated Fair Value) 112,016 104,640
Financial Liabilities:    
Term loan Carrying Value 1,823,832 1,825,607
Revolving line of credit 297,000 232,000
Business Combination, Contingent Consideration, Liability [1] 5,203 5,203
U.S. Xpress | Class A    
Financial Liabilities:    
Business Combination, Contingent Consideration, Liability [1] 132,287 132,287
2021 Term Loan A-2    
Financial Liabilities:    
Term loan Carrying Value [2] 349,404 349,149
Term loan, Fair Value [2] 350,000 350,000
2021 Term Loan A-3    
Financial Liabilities:    
Term loan Carrying Value [2] 759,588 779,411
Term loan, Fair Value [2] 760,000 780,000
2023 Term Loan    
Financial Liabilities:    
Term loan Carrying Value [3] 249,621 249,459
Term loan, Fair Value [3] 250,000 250,000
2021 Revolver    
Financial Liabilities:    
Revolving line of credit 297,000 232,000
U.S. Xpress Revenue Equipment Installment Notes    
Financial Liabilities:    
Secured Debt [4] 153,380 192,255
Debt Instrument, Fair Value Disclosure 400 600
2021 Prudential Notes    
Financial Liabilities:    
Term loan Carrying Value [5] 8,584 16,611
Term loan, Fair Value [5] 8,584 16,621
Debt Instrument, Fair Value Disclosure 400 600
Deferred loan costs   10
2023 RSA    
Financial Liabilities:    
Accounts receivable securitization [6] 439,128 458,983
Debt Instrument, Fair Value Disclosure [6] 439,200 459,200
Deferred loan costs $ 100 $ 200
[1] The contingent consideration is primarily related to the U.S. Xpress Acquisition.
[2] 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.
[3] 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 amount of the 2023 Term Loan was net of $0.5 million in deferred loan costs.
[4] As of June 30, 2025, the carrying amount of the revenue equipment installment notes included $0.4 million in fair value adjustments. As of December 31, 2024, the carrying amount of the revenue equipment installment notes included $0.6 million in fair value adjustments.
[5] As of June 30, 2025, the carrying amount of the 2021 Prudential Notes included $0.4 million in fair value adjustments. As of December 31, 2024, the carrying amount of the 2021 Prudential Notes was net of $10,000 in deferred loan costs and included $0.6 million in fair value adjustments.
[6] The carrying amount of the 2023 RSA was net of $0.1 million and $0.2 million in deferred loan costs as of June 30, 2025 and December 31, 2024, respectively.