v3.26.1
Revenue Recognition
 6 Months Ended
Jun. 30, 2026
Revenue from Contract with Customer [Abstract]  
Revenue Recognition Revenue Recognition
Disaggregation of Revenues
We disaggregate our revenue by geographic area, service offering and industry sector. The majority of our revenue, based on sales office location, is generated in the U.S. Approximately 8% and 7% of our revenues were generated outside the U.S. (primarily in Canada, Europe, Mexico and Asia) for the three months ended June 30, 2026 and 2025, respectively. Approximately 7% of our revenues were generated outside the U.S. (primarily in Canada, Europe, Mexico and Asia) for the six months ended June 30, 2026 and 2025.
Our revenue disaggregated by service offering is as follows:
Three Months Ended June 30,Six Months Ended June 30,
(In millions)2026202520262025
Truck brokerage$1,349 $1,025 $2,446 $2,092 
Last mile344 315 609 593 
Managed transportation144 142 267 279 
Eliminations(63)(63)(123)(112)
Total$1,774 $1,419 $3,199 $2,852 
Our revenue disaggregated by industry sector is as follows:
Three Months Ended June 30,Six Months Ended June 30,
(In millions)2026202520262025
Retail/e-commerce$652 $540 $1,182 $1,071 
Industrial/manufacturing364 269 638 547 
Food and beverage320 220 571 453 
Logistics and transportation124 111 244 236 
Automotive121 92 216 188 
Other193 187 348 357 
Total$1,774 $1,419 $3,199 $2,852 
Performance Obligations
Remaining performance obligations represent firm contracts for which services have not been performed and future revenue recognition is expected. As permitted in determining the remaining performance obligation, we omit obligations that: (i) have original expected durations of one year or less or (ii) contain variable consideration. As of June 30, 2026, the fixed consideration component of our remaining performance obligation was approximately $54 million, and we expect approximately 98% of that amount to be recognized over the next four years and the remainder thereafter. We estimate remaining performance obligations at a point in time and actual amounts may differ from these estimates due to contract revisions or terminations.