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| Investments, Debt and Equity Securities [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| INVESTMENTS | INVESTMENTS Equity Investments without Readily Determinable Fair Values Our strategic equity investments without readily determinable fair values primarily consist of our investment in MLSI, a transportation management systems company. MLSI has developed a cloud-based transportation management system using its SaaS technology, and we have obtained a license. Our investments are being accounted for under ASC 321 using the measurement alternative and are recorded in other non-current assets on the consolidated condensed balance sheets. We record changes in the values of our investments based on events that occur that would indicate the values have changed, in loss (gain) on investments in equity securities on the consolidated statements of income. As of June 30, 2026 and December 31, 2025, the value of our investment in MLSI was $109.9 million, and the value of our other equity investments without readily determinable fair values was $0.4 million. No gains or losses were recorded for the three and six months ended June 30, 2026 and 2025. The following table summarizes the activity related to our equity investments without readily determinable fair values during the periods presented (in thousands):
As of June 30, 2026, cumulative upward adjustments on our equity securities without readily determinable fair values totaled $64.9 million. Equity Investments with Readily Determinable Fair Values We own a strategic minority equity investment in an autonomous technology company, which is being accounted for under ASC 321 and is recorded in other non-current assets on the consolidated condensed balance sheets. As of June 30, 2026 and December 31, 2025, the value of this investment was $0.1 million. For additional information regarding the fair value of this equity investment, see Note 7 – Fair Value. The following table summarizes the activity related to our equity investments with readily determinable fair values during the periods presented (in thousands):
Equity Method Investment We have committed to make a $20.0 million and a $10.0 million investment in Autotech Fund III and Autotech Fund IV, respectively, pursuant to limited partnership agreements. The Autotech Funds are managed by Autotech Ventures, a venture capital firm focused on ground transportation technology. Our interest in each fund individually and in the aggregate, which represents an ownership percentage of less than 20%, is being accounted for under ASC 323. As a limited partner in each fund, we make periodic capital contributions toward these total commitment amounts. As of June 30, 2026 and December 31, 2025, the value of our investment in the Autotech Funds was $14.5 million and $11.7 million, respectively, and is recorded in other non-current assets on the consolidated condensed balance sheets. As of June 30, 2026, the carrying amount of Autotech Fund III was updated using operating results through March 31, 2026, as this is the most recent information available to us at this time. As of June 30, 2026, the carrying amount of Autotech Fund IV approximates its fair value. The following table summarizes the activity related to our equity method investments during the periods presented (in thousands):
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