v3.25.2
REPORTABLE SEGMENTS (Details)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
USD ($)
segment
Mar. 31, 2025
USD ($)
segment
Jun. 30, 2024
USD ($)
segment
Mar. 31, 2024
USD ($)
segment
Jun. 30, 2025
USD ($)
segment
Jun. 30, 2024
USD ($)
segment
Segment results            
Number of segments | segment 2 2 2 2 2 2
Total Operating Revenue $ 830.5   $ 847.4   $ 1,612.5 $ 1,569.5
Operating costs:            
Direct cargo expense 249.7   245.0   487.9 473.8
Vessel operating expense 150.6   156.8   298.0 309.8
Operating overhead 86.5   82.6   173.5 158.6
Direct operating costs 122.4   124.1   240.3 241.4
Depreciation and amortization 41.2   38.4   81.8 75.5
Total operating costs 650.4   646.9   1,281.5 1,259.1
Income from SSAT (7.3)   (1.2)   (13.9) (1.6)
General and administrative 74.4   77.1   149.8 150.5
Total Costs and Expenses 717.5   722.8   1,417.4 1,408.0
Operating Income 113.0   124.6   195.1 161.5
Interest income 8.0   18.8   17.4 27.6
Interest expense (1.7)   (2.1)   (3.4) (4.3)
Other income (expense), net 2.4   1.8   4.8 3.6
Income before Taxes 121.7   143.1   213.9 188.4
Income taxes (27.0)   (29.9)   (46.9) (39.1)
Net Income 94.7 $ 72.3 113.2 $ 36.1 167.0 149.3
Capital Expenditure 86.3   69.8   175.5 125.1
Capital expenditures included in accounts payable, accruals and other liabilities 4.0   15.3   4.0 15.3
Operating segments            
Segment results            
Total Operating Revenue 830.5   847.4   1,612.5 1,569.5
Intersegment Eliminations            
Segment results            
Total Operating Revenue 62.5   61.8   116.5 108.4
Ocean Transportation            
Operating costs:            
Direct cargo expense 249.7   245.0   487.9 473.8
Vessel operating expense 150.6   156.8   298.0 309.8
Operating overhead 86.5   82.6   173.5 158.6
Depreciation and amortization 37.9   34.9   75.2 69.2
Total operating costs 524.7   519.3   1,034.6 1,011.4
Income from SSAT (7.3)   (1.2)   (13.9) (1.6)
General and administrative 59.6   62.8   120.1 122.5
Total Costs and Expenses 577.0   580.9   1,140.8 1,132.3
Operating Income 98.6   109.0   172.2 136.6
Capital Expenditure 85.1   67.9   173.2 118.9
Dry-docking amortization 7.0   6.9   13.6 13.7
Ocean Transportation | Operating segments            
Segment results            
Total Operating Revenue 675.6   689.9   1,313.0 1,268.9
Ocean Transportation | Intersegment Eliminations            
Segment results            
Total Operating Revenue 25.5   22.8   46.9 42.5
Logistics            
Operating costs:            
Direct operating costs 122.4   124.1   240.3 241.4
Depreciation and amortization 3.3   3.5   6.6 6.3
Total operating costs 125.7   127.6   246.9 247.7
General and administrative 14.8   14.3   29.7 28.0
Total Costs and Expenses 140.5   141.9   276.6 275.7
Operating Income 14.4   15.6   22.9 24.9
Capital Expenditure 1.2   1.9   2.3 6.2
Logistics | Operating segments            
Segment results            
Total Operating Revenue 154.9   157.5   299.5 300.6
Logistics | Intersegment Eliminations            
Segment results            
Total Operating Revenue $ 37.0   $ 39.0   $ 69.6 $ 65.9