v3.25.2
GOODWILL AND INTANGIBLE ASSETS, NET (Tables)
12 Months Ended
Dec. 31, 2024
GOODWILL AND INTANGIBLE ASSETS, NET  
Schedule of changes in carrying amount of goodwill

Owned

Service Network

Transportation

    

Amount

Balance as of January 1, 2023

$

2,403,722

$

$

2,403,722

Impairment

(157,103)

 

(157,103)

Balance as at December 31, 2023

2,246,619

2,246,619

Acquisitions

259,347

790,451

1,049,798

Impairment

(1,568,309)

(1,568,309)

Balance as at December 31, 2024

$

938,154

$

790,451

$

1,728,108

Schedule of identifiable intangible assets

Identifiable intangible assets consist of the following at December 31, 2024:

Weighted Average Remaining Amortization Period (years)

    

Gross Amount

    

Accumulated Amortization

    

Net Amount

Customer relationships

11.5

$

777,180

$

(373,653)

$

403,527

Tradename

6.1

 

386,080

 

(102,722)

 

283,358

Noncompetition agreements

2.1

 

34,000

 

(19,570)

 

14,430

Intellectual property

9.5

 

35,186

 

(22,947)

 

12,239

Acquired technology

4.6

440,530

(35,360)

405,170

Internally developed software

3.3

 

609,385

 

(319,933)

 

289,452

Total intangible assets, net

$

2,282,361

$

(874,185)

$

1,408,176

Identifiable intangible assets consist of the following at December 31, 2023:

    

Gross  Amount

    

Accumulated Amortization

    

Net Amount

Customer relationships

$

1,445,000

$

(582,256)

$

862,744

Tradename

 

923,000

 

(216,501)

 

706,499

Noncompetition agreements

 

126,000

 

(82,037)

 

43,963

Intellectual property

 

35,186

 

(20,073)

 

15,113

Internally developed software

 

439,617

 

(227,061)

 

212,556

Total intangible assets, net

$

2,968,803

$

(1,127,928)

$

1,840,875

Schedule of amortization expense

Year ending December 31, 

    

Amount

2025

$

281,829

2026

 

254,653

2027

 

207,443

2028

 

194,778

2029

 

139,001

Thereafter

 

162,075

Total

$

1,239,779