v3.26.1
RESTRUCTURING (Tables)
 6 Months Ended
Jun. 30, 2026
Restructuring and Related Activities [Abstract]  
Schedule of Restructuring and Related Costs
A summary of charges related to our 2025 Restructuring Program are presented below (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Severance(1)
$7,433 $3,664 $24,754 $3,664 
Other personnel expenses(1)
583 217 2,032 217 
Other selling, general, and administrative expenses(2)
(526)— 918 — 
Total $7,490 $3,881 $27,704 $3,881 
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(1) Amounts are included within personnel expenses in our condensed consolidated statements of operations and comprehensive income.
(2) Amounts are included within other selling, general, and administrative expenses in our condensed consolidated statements of operations and comprehensive income.

The following tables summarizes restructuring charges related to our 2025 Restructuring Program by reportable segment (in thousands):
Three Months Ended June 30, 2026
NASTGlobal Forwarding All Other and CorporateConsolidated
Personnel expenses$2,019 $2,998 $2,999 $8,016 
Other selling, general, and administrative expenses138 (828)164 (526)
Three Months Ended June 30, 2025
NASTGlobal Forwarding All Other and CorporateConsolidated
Personnel expenses$677 $2,576 $628 $3,881 
Six Months Ended June 30, 2026
NASTGlobal Forwarding All Other and CorporateConsolidated
Personnel expenses$18,053 $4,081 $4,652 $26,786 
Other selling, general, and administrative expenses180 599 139 918 
Six Months Ended June 30, 2025
NASTGlobal Forwarding All Other and CorporateConsolidated
Personnel expenses$677 $2,576 $628 $3,881 
Schedule of Restructuring Reserve by Type of Cost
The following table summarizes activity related to our 2025 Restructuring Program and liabilities included in our consolidated balance sheets (in thousands):
Accrued Severance and Other Personnel ExpensesAccrued Other Selling, General, and Administrative Expenses
Total(1)
Balance, December 31, 2025$3,790 $291 $4,081 
  Restructuring charges26,786 918 27,704 
  Cash payments(26,245)(222)(26,467)
  Settled non-cash— (418)(418)
  Accrual adjustments(2)
(98)16 (82)
Balance, June 30, 2026$4,233 $585 $4,818 
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(1) Amounts are included within accrued expenses - compensation on the condensed consolidated balance sheet as of June 30, 2026 and December 31, 2025.
(2) Accrual adjustments primarily relate to changes in estimates for certain employee termination costs, including those settling for an amount different than originally estimated and foreign currency adjustments.