v3.25.4
Segment Reporting
 12 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
Segment Reporting Segment Reporting
 
Our chief operating decision-maker, who is our Chief Executive Officer, analyzes the results of our business through the following reportable segments: Expedited Freight, Omni Logistics, and Intermodal. Our chief operating decision-maker regularly reviews the operating results and performance of our segments through segment profit to manage operations and make decisions regarding resource allocations. These financial metrics are used to view operating trends, perform analytical comparisons and benchmark performance between periods and to monitor budget-to-actual variances on a monthly basis. Our chief operating decision-maker does not utilize information on segment assets.

The accounting policies applied to each segment are the same as those in Note 1, Operations and Summary of Significant Accounting Policies, except for certain self-insurance loss reserves related to vehicle liability and workers’ compensation. Each segment is allocated an insurance premium and deductible that corresponds to the self-insured retention limit for that particular segment. Any self-insurance loss exposure beyond the deductible allocated to each segment is recorded in Corporate.

No single customer accounted for more than 10% of the Company’s consolidated revenues from continuing operations for the years ended December 31, 2025, 2024 and 2023.

Year Ended December 31, 2025Expedited FreightOmni LogisticsIntermodalCorporateConsolidated
External revenues$914,659 $1,351,164 $229,295 $— $2,495,118 
Intersegment revenues97,900 — 1,238 — 99,138 
1,012,559 1,351,164 230,533 — 2,594,256 
Reconciliation of revenue
Elimination of intersegmental revenues(99,138)
Total consolidated revenues$2,495,118 
Less:
Purchased transportation491,917 774,785 76,907 — 
Salaries, wages and employee benefits210,418 232,138 57,640 35,485 
Operating leases64,353 114,573 22,312 2,791 
Depreciation and amortization40,721 93,539 17,929 449 
Insurance and claims40,746 4,921 11,667 1,636 
Fuel expense8,985 3,682 7,433 22 
Other operating expenses85,639 97,364 19,721 40,059 
Segment profit (loss)69,780 30,162 16,924 (80,442)36,424 
Reconciliation of segment profit or loss
Interest expense, net(180,747)
Foreign exchange (loss) gain(5,892)
Other (expense) income, net3,018 
Loss before income taxes$(147,197)
Year Ended December 31, 2024Expedited FreightOmni LogisticsIntermodal
Corporate
Consolidated
External revenues$1,044,938 $1,196,841 $232,319 $164 $2,474,262 
Intersegment revenues70,225 — 513 — 70,738 
1,115,163 1,196,841 232,832 164 2,545,000 
Reconciliation of revenue
Elimination of intersegmental revenues(70,738)
Total consolidated revenues$2,474,262 
Less:
Purchased transportation546,458 701,035 73,814 — 
Salaries, wages and employee benefits242,411 215,518 58,714 19,764 
Operating leases63,398 96,500 21,599 699 
Depreciation and amortization41,858 83,542 18,440 139 
Insurance and claims43,716 12,297 10,251 (1,582)
Fuel expense9,733 3,149 8,578 — 
Other operating expenses99,638 101,206 22,511 86,153 
Impairment of goodwill— 1,028,397 — — 
Segment profit (loss)67,951 (1,044,803)18,925 (105,009)(1,062,936)
Reconciliation of segment profit or loss
Interest expense, net189,215 
Foreign exchange loss (gain)(1,093)
Other (expense) income, net(1,226)
Loss before income taxes$(1,249,832)
Year Ended December 31, 2023Expedited FreightIntermodalCorporateConsolidated
External revenues$1,096,810 $273,925 $— $1,370,735 
Intersegment revenues148 118 — 266 
1,096,958 274,043 — 1,371,001 
Reconciliation of revenue
Elimination of intersegmental revenues(266)
Total consolidated revenues$1,370,735 
Less:
Purchased transportation511,254 74,941 — 
Salaries, wages and employee benefits226,528 66,925 (5,621)
Operating leases61,728 25,685 — 
Depreciation and amortization37,414 19,991 — 
Insurance and claims38,294 10,320 1,519 
Fuel expense10,884 11,121 — 
Other operating expenses94,545 39,733 57,530 
Impairment of goodwill— — 
Segment profit (loss)116,311 25,327 (53,428)88,210 
Reconciliation of segment profit or loss
Interest expense, net(31,571)
Foreign exchange (loss) gain— 
Other (expense) income, net— 
Loss before income taxes$56,639 

Revenue from the individual services within the Expedited Freight segment for the years ended December 31, 2025, 2024 and 2023 were as follows:
 Year Ended
 December 31, 2025December 31, 2024December 31, 2023
Expedited Freight revenues:  
Network$761,940 $854,138 $845,949 
Truckload165,889 170,455 159,513 
Other84,730 90,570 91,496 
Total $1,012,559 $1,115,163 $1,096,958 

Total revenues and long-lived assets, consisting primarily of property and equipment, net, operating lease right-of-use assets, goodwill and other intangible assets, net, aggregated by the Company's U.S. and non-U.S. operations for the year ended December 31, 2025 are as follows:

U.S OperationsForeign Operations
Total Revenues$2,165,076 $330,042 
Total Long-Lived Assets$2,037,661 $102,259