GOODWILL AND INTANGIBLE ASSETS

6 Months Ended

Jun. 30, 2026

Intangible Asset, Goodwill and Other [Abstract]

The following table summarizes changes in the carrying amount of goodwill by segment for the six months ended June 30, 2026 (in thousands):


	TTS		Werner Logistics		Total
Balance as of December 31, 2025	$	46,056	$	83,048	$	129,104
Goodwill recorded in acquisition of FirstFleet	9,472		—		9,472

Balance as of June 30, 2026	$	55,528	$	83,048	$	138,576

The following table presents acquired intangible assets (in thousands):


	June 30, 2026						December 31, 2025
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Customer relationships	$	82,600	$	(24,880)	$	57,720	$	60,000	$	(20,939)	$	39,061
Trade names	7,600		(2,375)		5,225		7,600		(2,058)		5,542
Total intangible assets	$	90,200	$	(27,255)	$	62,945	$	67,600	$	(22,997)	$	44,603

Amortization expense on intangible assets was $2.2 million and $4.3 million for the three and six months ended June 30, 2026, respectively, and $2.5 million and $5.0 million for the three and six months ended June 30, 2025, respectively, and is reported in depreciation and amortization on the consolidated statements of income. As of June 30, 2026, we estimate future amortization expense for intangible assets will be $4.4 million for the remainder of 2026, and $8.9 million for each of the next four fiscal years and $8.7 million for the fifth succeeding fiscal year.