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RESTRUCTURING AND IMPAIRMENT COSTS
 6 Months Ended
Jun. 30, 2026
Restructuring and Related Activities [Abstract]  
RESTRUCTURING AND IMPAIRMENT COSTS RESTRUCTURING AND IMPAIRMENT COSTS
During the fourth quarter 2025, we began to incur costs in connection with the strategic restructuring of our One-Way Truckload business to enhance long-term profitability and fleet utilization by maximizing production and mitigating unprofitable freight. Key steps in this initiative include exiting selective unprofitable regional and short-haul truckload freight, further integrating our one-way acquisition operations, and a further shift in the One-Way Truckload fleet composition toward more specialized, expedited (“Expedited”), and team capacity. This repositioning focuses on eliminating underperforming business. We believe this restructuring reflects the necessary steps to rationalize our assets and business model for future margin expansion.
The following table summarizes activity in our restructuring liability during the three and six months ended June 30, 2026, which is included in other current liabilities on the consolidated condensed balance sheets (in thousands):
Other Revenue Equipment Costs
Restructuring liability balance, March 31, 2026$5,016 
Costs paid or otherwise settled(1,404)
Restructuring liability balance, June 30, 2026$3,612 
Other Revenue Equipment Costs
Restructuring liability balance, December 31, 2025$6,643 
Costs paid or otherwise settled(3,031)
Restructuring liability balance, June 30, 2026$3,612 
During the three and six months ended June 30, 2026, we recognized $4.1 million in restructuring and impairment costs on the consolidated statements of income. These costs relate to the impairment of revenue equipment in our One-Way Truckload business.
The following table summarizes the cumulative amount of restructuring and impairment costs incurred as of June 30, 2026 related to the restructuring of our One-Way Truckload business (in thousands):
Financial Statement ClassificationIntangible Asset ImpairmentRevenue Equipment ImpairmentOther Revenue Equipment Costs
Current Assets (1)
Total
Restructuring and impairment$21,735 $18,454 $6,643 $1,487 $48,319 
(1) Costs relating to the removal of prepaid expenses, inventory, and other current assets.
These costs are recorded in our One-Way Truckload operating segment. There may be changes in previously recorded estimates as assets are sold, payments are made, and further restructuring actions are completed. All restructuring and impairment activities are expected to be completed by the end of 2026.