v3.26.1
Segment Reporting
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segment Reporting SEGMENT REPORTING
We have three reportable segments – Truckload, Intermodal, and Logistics – which are based primarily on the services each segment provides.
The CODM reviews revenues for each segment without the inclusion of fuel surcharge revenues. For segment purposes, any fuel surcharge revenues earned are recorded as a reduction of the segment’s fuel expenses. Income from operations at the segment level reflects the measure presented to the CODM for each segment.
Separate balance sheets are not prepared by segment, and as a result, assets are not separately identifiable by segment. All transactions between reportable segments are eliminated in consolidation.
Substantially all of our revenues and assets were generated or located within the U.S.
The following tables summarize our segment information. Inter-segment revenues within Other include revenues from insurance premiums charged to other segments for workers’ compensation, auto, and other types of insurance. Inter-segment revenues included in Other revenues below were $30.2 million and $25.0 million for the three months ended June 30, 2026 and 2025, respectively, and $59.9 million and $48.1 million for the six months ended June 30, 2026 and 2025, respectively .
Segment Revenues and ExpensesThree Months Ended June 30, 2026
 (in millions)
TruckloadIntermodalLogisticsTotal
Revenues (excluding fuel surcharge)$627.6 $262.0 $376.1 $1,265.7 
Fuel surcharge revenues165.7 73.8 2.2 241.7 
Segment operating revenues793.3 335.8 378.3 1,507.4 
Other revenues103.7 
Elimination of inter-segment revenues(41.1)
Elimination of inter-segment fuel surcharge revenues(1.3)
Operating revenues1,568.7 
Salaries, wages, and benefits271.7 43.8 25.6 
Purchased transportation, fuel, and fuel taxes214.0 219.7 304.2 
Depreciation and amortization83.3 12.9 0.2 
Operating supplies and expenses-net80.7 17.6 16.5 
Other segment expenses(1)
92.2 23.4 19.7 
Segment income from operations$51.4 $18.4 $12.1 81.9 
Corporate and other loss from operations—net(10.5)
Income from operations71.4 
Total other expenses—net5.8 
Income before income taxes$65.6 
Segment Revenues and ExpensesSix Months Ended June 30, 2026
 (in millions)
TruckloadIntermodalLogisticsTotal
Revenues (excluding fuel surcharge)$1,245.6 $515.5 $688.4 $2,449.5 
Fuel surcharge revenues276.8 117.5 3.6 397.9 
Segment operating revenues1,522.4 633.0 692.0 2,847.4 
Other revenues203.3 
Elimination of inter-segment revenues(81.4)
Elimination of inter-segment fuel surcharge revenues(2.1)
Operating revenues2,967.2 
Salaries, wages, and benefits541.6 86.1 50.2 
Purchased transportation, fuel, and fuel taxes386.8 411.0 552.0 
Depreciation and amortization167.6 25.9 0.3 
Operating supplies and expenses-net169.2 34.4 31.9 
Other segment expenses(1)
185.6 46.3 39.0 
Segment income from operations$71.6 $29.3 $18.6 119.5 
Corporate and other loss from operations—net(14.7)
Income from operations104.8 
Total other expenses—net12.0 
Income before income taxes$92.8 
Segment Revenues and ExpensesThree Months Ended June 30, 2025
 (in millions)
TruckloadIntermodalLogisticsTotal
Revenues (excluding fuel surcharge)$622.2 $265.1 $339.6 $1,226.9 
Fuel surcharge revenues97.7 40.4 1.4 139.5 
Segment operating revenues719.9 305.5 341.0 1,366.4 
Other revenues96.8 
Elimination of inter-segment revenues(41.7)
Elimination of inter-segment fuel surcharge revenues(1.0)
Operating revenues1,420.5 
Salaries, wages, and benefits268.5 44.4 29.6 
Purchased transportation, fuel, and fuel taxes154.1 190.6 269.0 
Depreciation and amortization84.7 13.2 0.3 
Operating supplies and expenses-net79.9 19.0 15.0 
Other segment expenses(1)
92.6 22.2 19.2 
Segment income from operations$40.1 $16.1 $7.9 64.1 
Corporate and other loss from operations—net(9.1)
Income from operations55.0 
Total other expenses—net7.6 
Income before income taxes$47.4 
Segment Revenues and ExpensesSix Months Ended June 30, 2025
 (in millions)
TruckloadIntermodalLogisticsTotal
Revenues (excluding fuel surcharge)$1,235.9 $525.5 $671.6 $2,433.0 
Fuel surcharge revenues198.5 82.8 2.9 284.2 
Segment operating revenues1,434.4 608.3 674.5 2,717.2 
Other revenues185.5 
Elimination of inter-segment revenues(78.2)
Elimination of inter-segment fuel surcharge revenues(2.2)
Operating revenues2,822.3 
Salaries, wages, and benefits538.1 87.9 59.3 
Purchased transportation, fuel, and fuel taxes314.7 383.0 529.6 
Depreciation and amortization169.8 26.4 0.5 
Operating supplies and expenses-net162.3 36.2 28.9 
Other segment expenses(1)
184.3 44.9 40.2 
Segment income from operations$65.2 $29.9 $16.0 111.1 
Corporate and other loss from operations—net(14.0)
Income from operations97.1 
Total other expenses—net14.9 
Income before income taxes
$82.2 
(1)For each reportable segment, other segment expenses include insurance and related expenses and other general expenses.