v3.26.1
REPORTABLE SEGMENTS (Details)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2026
USD ($)
segment
Mar. 31, 2026
USD ($)
Jun. 30, 2025
USD ($)
segment
Mar. 31, 2025
USD ($)
Jun. 30, 2026
USD ($)
segment
Jun. 30, 2025
USD ($)
segment
Segment results            
Number of segments | segment 2   2   2 2
Total Operating Revenue $ 969.4   $ 830.5   $ 1,727.2 $ 1,612.5
Operating costs:            
Direct cargo expense (261.8)   (249.7)   (496.5) (487.9)
Vessel operating expense (174.2)   (150.6)   (312.8) (298.0)
Operating overhead (90.5)   (86.5)   (172.3) (173.5)
Direct operating costs (168.7)   (122.4)   (295.3) (240.3)
Depreciation and amortization (42.1)   (41.2)   (84.3) (81.8)
Total operating costs (737.3)   (650.4)   (1,361.2) (1,281.5)
Income from SSAT 4.8   7.3   9.8 13.9
General and administrative (78.0)   (74.4)   (155.5) (149.8)
Total Costs and Expenses (810.5)   (717.5)   (1,506.9) (1,417.4)
Operating Income 158.9   113.0   220.3 195.1
Interest income 5.0   8.0   11.1 17.4
Interest expense (1.6)   (1.7)   (3.2) (3.4)
Other income (expense), net 1.6   2.4   3.6 4.8
Income before Taxes 163.9   121.7   231.8 213.9
Income taxes (34.5)   (27.0)   (45.8) (46.9)
Net Income 129.4 $ 56.6 94.7 $ 72.3 186.0 167.0
Capital Expenditures 207.2   86.3   255.5 175.5
Capital expenditures included in accounts payable, accruals and other liabilities         3.8 4.0
Operating segments            
Segment results            
Total Operating Revenue 969.4   830.5   1,727.2 1,612.5
Intersegment Eliminations            
Segment results            
Total Operating Revenue 72.3   62.5   119.9 116.5
Ocean Transportation            
Operating costs:            
Direct cargo expense (261.8)   (249.7)   (496.5) (487.9)
Vessel operating expense (174.2)   (150.6)   (312.8) (298.0)
Operating overhead (90.5)   (86.5)   (172.3) (173.5)
Depreciation and amortization (39.1)   (37.9)   (78.2) (75.2)
Total operating costs (565.6)   (524.7)   (1,059.8) (1,034.6)
Income from SSAT 4.8   7.3   9.8 13.9
General and administrative (62.6)   (59.6)   (125.3) (120.1)
Total Costs and Expenses (623.4)   (577.0)   (1,175.3) (1,140.8)
Operating Income 144.0   98.6   198.6 172.2
Capital Expenditures 206.1   85.1   253.2 173.2
Dry-docking amortization 8.4   7.0   16.1 13.6
Ocean Transportation | Operating segments            
Segment results            
Total Operating Revenue 767.4   675.6   1,373.9 1,313.0
Ocean Transportation | Intersegment Eliminations            
Segment results            
Total Operating Revenue 29.3   25.5   47.1 46.9
Logistics            
Operating costs:            
Direct operating costs (168.7)   (122.4)   (295.3) (240.3)
Depreciation and amortization (3.0)   (3.3)   (6.1) (6.6)
Total operating costs (171.7)   (125.7)   (301.4) (246.9)
General and administrative (15.4)   (14.8)   (30.2) (29.7)
Total Costs and Expenses (187.1)   (140.5)   (331.6) (276.6)
Operating Income 14.9   14.4   21.7 22.9
Capital Expenditures 1.1   1.2   2.3 2.3
Logistics | Operating segments            
Segment results            
Total Operating Revenue 202.0   154.9   353.3 299.5
Logistics | Intersegment Eliminations            
Segment results            
Total Operating Revenue $ 43.0   $ 37.0   $ 72.8 $ 69.6