v3.26.1
Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Income Statement [Abstract]        
Revenue $ 1,774 $ 1,419 $ 3,199 $ 2,852
Cost of transportation and services (exclusive of depreciation and amortization) 1,472 1,118 2,643 2,271
Direct operating expense (exclusive of depreciation and amortization) 53 47 103 95
Sales, general and administrative expense 211 214 408 424
Depreciation and amortization expense 26 30 52 62
Transaction and integration costs 4 7 6 13
Restructuring costs 7 3 14 17
Operating income (loss) 1 0 (27) (30)
Other expense 0 2 1 2
Debt extinguishment loss 0 0 11 0
Interest expense, net 9 8 18 17
Loss before income taxes (8) (10) (57) (49)
Income tax provision (benefit) 1 (1) (12) (9)
Net loss $ (9) $ (9) $ (45) $ (40)
Loss per share        
Earnings per share, basic (in dollars per share) $ (0.05) $ (0.05) $ (0.27) $ (0.24)
Earnings per share, diluted (in dollars per share) $ (0.05) $ (0.05) $ (0.27) $ (0.24)
Weighted-average common shares outstanding        
Basic weighted-average common shares outstanding (in shares) 169,646 168,525 169,377 168,275
Diluted weighted-average common shares outstanding (in shares) 169,646 168,525 169,377 168,275