v3.26.1
Segment Information
 6 Months Ended
Jun. 27, 2026
Segment Reporting [Abstract]  
Segment Information
(6)
Segment Information
The Company reports the results of two operating segments: the transportation logistics segment and the insurance segment. The Company’s chief operating decision maker (“CODM”) is our Chief Executive Officer. The CODM evaluates each segment’s performance and makes decisions about resource allocations primarily based on operating income, which is the principal financial metric utilized to monitor budgeted versus actual results by segment of the Company. Asset information by segment is not typically provided to the CODM for purposes of evaluating performance or allocating resources, and therefore such information has not been presented.
 
The following tables summarize information about the Company’s reportable business segments as of and for the
twenty-six-week
and thirteen-week periods ended June 27, 2026 and June 28, 2025 (in thousands):
 
    
Twenty-Six
Weeks Ended
  
    
June 27, 2026
     
June 28, 2025
  
    
Transportation

Logistics
     
Insurance
     
Total
     
Transportation

Logistics
     
Insurance
     
Total
  
External revenue
    $  2,574,766      $ 28,789      $ 2,603,555      $ 2,334,432      $ 29,453      $ 2,363,885  
Internal revenue
         51,623        51,623           53,093        53,093  
  
 
 
     
 
 
     
 
 
     
 
 
     
 
 
     
 
 
  
Total revenue
      2,574,766        80,412        2,655,178        2,334,432        82,546        2,416,978  
        
 
 
           
 
 
  
Investment income
         5,679        5,679           7,327        7,327  
Purchased transportation
      2,030,397           2,030,397        1,839,289           1,839,289  
Commissions to agents
      201,578           201,578        192,836           192,836  
Other operating costs, net of gains on asset sales/dispositions
      32,745           32,745        31,424           31,424  
Insurance and claims
      61,461        65,085        126,546        63,373        60,021        123,394  
Selling, general and administrative
      122,742        6,416        129,158        111,985        5,303        117,288  
Depreciation and amortization
      20,969           20,969        24,375           24,375  
  
 
 
     
 
 
     
 
 
     
 
 
     
 
 
     
 
 
  
Operating income
      104,874        14,590        119,464        71,150        24,549        95,699  
        
 
 
           
 
 
  
Goodwill
      34,005           34,005        41,399           41,399  
Operating income
            119,464              95,699  
Interest and debt expense
(1)
            1,330              539  
    
 
 
     
 
 
     
 
 
     
 
 
     
 
 
     
 
 
  
Income before income taxes
            118,134              95,160  
    
Thirteen Weeks Ended
  
    
June 27, 2026
     
June 28, 2025
  
    
Transportation

Logistics
     
Insurance
     
Total
     
Transportation

Logistics
     
Insurance
     
Total
  
External revenue
    $ 1,417,765      $ 14,499      $ 1,432,264      $ 1,196,687      $ 14,696      $ 1,211,383  
Internal revenue
         40,329        40,329           41,514        41,514  
  
 
 
     
 
 
     
 
 
     
 
 
     
 
 
     
 
 
  
Total revenue
      1,417,765        54,828        1,472,593        1,196,687        56,210        1,252,897  
        
 
 
           
 
 
  
Investment income
         2,705        2,705           3,729        3,729  
Purchased transportation
      1,123,400           1,123,400        941,411           941,411  
Commissions to agents
      109,435           109,435        99,522           99,522  
Other operating costs, net of gains on asset sales/dispositions
      17,945           17,945        19,595           19,595  
Insurance and claims
      30,835        48,853        79,688        29,517        42,446        71,963  
Selling, general and administrative
      64,956        3,237        68,193        52,559        3,147        55,706  
Depreciation and amortization
      10,409           10,409        12,149           12,149  
  
 
 
     
 
 
     
 
 
     
 
 
     
 
 
     
 
 
  
Operating income
      60,785        5,443        66,228        41,934        14,346        56,280  
        
 
 
           
 
 
  
Operating income
            66,228              56,280  
Interest and debt expense
(1)
            812              698  
    
 
 
     
 
 
     
 
 
     
 
 
     
 
 
     
 
 
  
Income before income taxes
            65,416              55,582  
 
(1)
Interest and debt expense includes (i) interest income earned on cash balances held by the transportation logistics segment of $1,251 and $2,409 in the 2026 and 2025
twenty-six-week
periods, respectively, and $473 and $741 in the 2026 and 2025 thirteen-week periods, respectively, and (ii) consolidated total interest expense of $2,581 and $2,948 in the 2026 and 2025
twenty-six-week
periods, respectively, and $1,285 and $1,439 in the 2026 and 2025 thirteen-week periods, respectively.
In the
twenty-six-week
periods ended June 27, 2026 and June 28, 2025, no single customer accounted for more than 10% of the Company’s consolidated revenue.