v3.26.1
Condensed Consolidated Statements of Earnings - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenues:        
Revenue from Contract with Customer, Excluding Assessed Tax $ 3,502,335 $ 2,651,885 $ 6,285,297 $ 5,318,304
Operating Expenses:        
Directly related cost of transportation and other expenses [1] 2,416,840 1,753,357 4,227,991 3,530,032
Salaries and related costs 573,698 471,336 1,073,269 929,273
Rent and occupancy 68,428 65,741 136,884 130,084
Depreciation and amortization 12,695 13,847 26,570 28,451
Selling and promotion 9,894 9,928 20,265 18,502
Other 71,162 89,940 155,872 168,368
Total operating expenses 3,152,717 2,404,149 5,640,851 4,804,710
Operating income 349,618 247,736 644,446 513,594
Other Income:        
Interest income 6,821 9,183 15,461 18,367
Other, net 2,022 1,050 5,040 1,889
Other income, net 8,843 10,233 20,501 20,256
Earnings before income taxes 358,461 257,969 664,947 533,850
Income tax expense 91,203 74,050 167,645 145,832
Net earnings 267,258 183,919 497,302 388,018
Less net earnings attributable to the noncontrolling interest 1,032 345 1,466 649
Net earnings attributable to shareholders $ 266,226 $ 183,574 $ 495,836 $ 387,369
Basic earnings attributable to shareholders per share $ 2.03 $ 1.35 $ 3.75 $ 2.83
Diluted earnings attributable to shareholders per share $ 2.03 $ 1.34 $ 3.74 $ 2.82
Weighted average basic shares outstanding 130,953 136,266 132,241 137,045
Weighted average diluted shares outstanding 131,372 136,631 132,724 137,537
Airfreight services        
Revenues:        
Revenue from Contract with Customer, Excluding Assessed Tax $ 1,494,842 $ 951,787 $ 2,525,705 $ 1,853,547
Operating Expenses:        
Directly related cost of transportation and other expenses 1,134,773 698,402 1,904,256 1,346,896
Ocean freight and ocean services        
Revenues:        
Revenue from Contract with Customer, Excluding Assessed Tax 710,922 675,782 1,309,806 1,457,447
Operating Expenses:        
Directly related cost of transportation and other expenses 531,886 483,475 947,907 1,057,376
Customs brokerage and other services        
Revenues:        
Revenue from Contract with Customer, Excluding Assessed Tax 1,296,571 1,024,316 2,449,786 2,007,310
Operating Expenses:        
Directly related cost of transportation and other expenses $ 750,181 $ 571,480 $ 1,375,828 $ 1,125,760
[1] Directly related cost of transportation and other expenses totals operating expenses from airfreight services, ocean freight and ocean services and customs brokerage and other services as shown in the condensed consolidated statements of earnings.