On December 20, 2023, the Company completed the sale of the Final Mile business for estimated total cash consideration of $260,916. The results of operations of Final Mile, have been presented under the caption “Income (loss) from discontinued operations, net of tax” in the Consolidated Statements of Operations and Comprehensive Income (Loss) for the years ended December 31, 2024 and 2023. A final net working capital settlement of $6,387 was the only activity during the year ended December 31, 2024.

A summary of the results of operations classified as a discontinued operations, net of tax, in the Consolidated Statements of Operations and Comprehensive (Loss) Income for the years ended December 31, 2023 is as follows:




Operating revenue	$	273,873

Operating expenses:
Purchased transportation	158,233
Salaries, wages and employee benefits	51,304
Operating leases	12,325
Depreciation and amortization	5,212
Insurance and claims	2,586
Fuel expense	305
Other operating expenses	36,842

Total operating expenses	266,807
Income from discontinued operations	7,066
Gain (loss) on sale of business	155,829
Income from discontinued operations before income taxes	162,895
Income tax expense	38,347
Income (loss) from discontinued operations, net of tax	$	124,548