| Summary of Company's Reportable Segment Information |
The following tables summarize financial information about our reportable segments for the thirteen week and twenty-six week periods ended July 4, 2026 and June 28, 2025 (in thousands):
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Thirteen Weeks Ended July 4, 2026 |
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Contract Logistics |
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Intermodal |
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Trucking |
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Other (2) |
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Total |
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Total operating revenues (1) |
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$ |
271,424 |
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$ |
44,077 |
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$ |
63,822 |
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$ |
— |
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$ |
379,323 |
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Operating expenses: |
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Purchased transportation and equipment rent |
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1,044 |
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14,825 |
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47,922 |
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3,223 |
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67,014 |
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Direct personnel and related benefits |
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148,677 |
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14,185 |
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1,936 |
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— |
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164,798 |
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Operating supplies and expenses |
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44,836 |
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10,873 |
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1,996 |
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(1,418 |
) |
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56,287 |
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Commission expense |
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— |
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|
896 |
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3,572 |
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— |
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4,468 |
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Occupancy expense |
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11,289 |
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4,114 |
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|
91 |
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|
770 |
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|
16,264 |
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Depreciation and amortization |
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21,132 |
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4,472 |
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2,965 |
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4,615 |
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33,184 |
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Other segment expenses (3) |
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19,847 |
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5,162 |
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2,485 |
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(35,323 |
) |
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(7,829 |
) |
Total operating expenses |
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246,825 |
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54,527 |
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60,967 |
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(28,133 |
) |
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334,186 |
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Income from operations |
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$ |
24,599 |
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$ |
(10,450 |
) |
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$ |
2,855 |
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$ |
28,133 |
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$ |
45,137 |
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(1) Total operating revenues are presented net of intersegment revenues eliminated in consolidation. Intersegment revenues eliminated in consolidation were $0.1 million in contract logistics, $0.2 million in intermodal and $0.0 million in trucking. (2) Credits within other non-reportable include allocations and eliminations to the other reportable segments. (3) Other segment items primarily include general and administrative expense, insurance and claims expense, gains on disposals of property and equipment, impairment expense and other corporate allocations. (15)Segment Reporting – continued
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Thirteen Weeks Ended June 28, 2025 |
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Contract Logistics |
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Intermodal |
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Trucking |
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Other (2) |
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Total |
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Total operating revenues (1) |
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$ |
260,556 |
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$ |
68,914 |
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$ |
64,069 |
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$ |
255 |
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$ |
393,794 |
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Operating expenses: |
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Purchased transportation and equipment rent |
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2,183 |
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29,443 |
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47,208 |
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|
2,674 |
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|
81,508 |
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Direct personnel and related benefits |
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150,888 |
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15,171 |
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1,973 |
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— |
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|
168,032 |
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Operating supplies and expenses |
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|
40,650 |
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|
10,023 |
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|
2,933 |
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(3,248 |
) |
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50,358 |
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Commission expense |
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4 |
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|
587 |
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|
3,804 |
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— |
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|
4,395 |
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Occupancy expense |
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7,032 |
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|
5,209 |
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67 |
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(505 |
) |
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|
11,803 |
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Depreciation and amortization |
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|
21,835 |
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|
7,816 |
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|
2,189 |
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|
4,363 |
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|
36,203 |
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Other segment expenses (3) |
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16,194 |
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6,341 |
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|
2,555 |
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(3,488 |
) |
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|
21,602 |
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Total operating expenses |
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238,786 |
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74,590 |
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60,729 |
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(204 |
) |
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373,901 |
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Income from operations |
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$ |
21,770 |
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$ |
(5,676 |
) |
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$ |
3,340 |
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$ |
459 |
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$ |
19,893 |
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(1) Total operating revenues are presented net of intersegment revenues eliminated in consolidation. Intersegment revenues eliminated in consolidation were $0.1 million in contract logistics, $1.1 million in intermodal and $0.0 million in trucking. (2) Credits within other non-reportable include allocations and eliminations to the other reportable segments. (3) Other segment items primarily include general and administrative expense, insurance and claims expense, gains on disposals of property and equipment, and other corporate allocations.
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Twenty-six Weeks Ended July 4, 2026 |
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Contract Logistics |
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Intermodal |
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Trucking |
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Other (2) |
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Total |
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Total operating revenues (1) |
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$ |
540,957 |
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$ |
91,931 |
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$ |
114,010 |
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$ |
— |
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$ |
746,898 |
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Operating expenses: |
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Purchased transportation and equipment rent |
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1,965 |
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|
32,455 |
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85,822 |
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|
7,450 |
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|
127,692 |
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Direct personnel and related benefits |
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|
307,641 |
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|
29,606 |
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|
3,755 |
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— |
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|
341,002 |
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Operating supplies and expenses |
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|
83,980 |
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20,360 |
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3,541 |
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(3,267 |
) |
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|
104,614 |
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Commission expense |
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— |
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1,566 |
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|
7,087 |
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— |
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|
8,653 |
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Occupancy expense |
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22,565 |
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|
9,970 |
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|
150 |
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(862 |
) |
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|
31,823 |
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Depreciation and amortization |
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|
43,456 |
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|
9,500 |
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|
5,846 |
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|
10,025 |
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|
68,827 |
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Other segment expenses (3) |
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|
39,279 |
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12,040 |
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|
4,388 |
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(41,334 |
) |
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|
14,373 |
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Total operating expenses |
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498,886 |
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115,497 |
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|
110,589 |
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(27,988 |
) |
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|
696,984 |
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Income from operations |
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$ |
42,071 |
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$ |
(23,566 |
) |
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$ |
3,421 |
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$ |
27,988 |
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$ |
49,914 |
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(1) Total operating revenues are presented net of intersegment revenues eliminated in consolidation. Intersegment revenues eliminated in consolidation were $0.5 million in contract logistics, $1.1 million in intermodal and $0.1 million in trucking. (2) Credits within other non-reportable include allocations and eliminations to the other reportable segments. (3) Other segment items primarily include general and administrative expense, insurance and claims expense, gains on disposals of property and equipment, impairment expense and other corporate allocations. (15)Segment Reporting – continued
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Twenty-six Weeks Ended June 28, 2025 |
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|
Contract Logistics |
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|
Intermodal |
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|
Trucking |
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|
Other (2) |
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Total |
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Total operating revenues (1) |
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$ |
516,448 |
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|
$ |
139,610 |
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$ |
119,652 |
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$ |
473 |
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$ |
776,183 |
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Operating expenses: |
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Purchased transportation and equipment rent |
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5,583 |
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|
62,439 |
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|
88,252 |
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|
4,977 |
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|
161,251 |
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Direct personnel and related benefits |
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|
295,910 |
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|
33,123 |
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|
3,500 |
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|
— |
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|
332,533 |
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Operating supplies and expenses |
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|
81,899 |
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|
20,059 |
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|
5,394 |
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(5,683 |
) |
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|
101,669 |
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Commission expense |
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|
20 |
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|
1,170 |
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|
7,461 |
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|
— |
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|
8,651 |
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Occupancy expense |
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|
14,151 |
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|
9,971 |
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|
104 |
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(1,170 |
) |
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|
23,056 |
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Depreciation and amortization |
|
|
42,558 |
|
|
|
15,040 |
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|
|
4,395 |
|
|
|
9,698 |
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|
71,691 |
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Other segment expenses (3) |
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|
30,698 |
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|
14,193 |
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|
5,016 |
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|
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(8,148 |
) |
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|
41,759 |
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Total operating expenses |
|
|
470,819 |
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|
155,995 |
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|
|
114,122 |
|
|
|
(326 |
) |
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|
740,610 |
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Income from operations |
|
$ |
45,629 |
|
|
$ |
(16,385 |
) |
|
$ |
5,530 |
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|
$ |
799 |
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$ |
35,573 |
|
(1) Total operating revenues are presented net of intersegment revenues eliminated in consolidation. Intersegment revenues eliminated in consolidation were $0.2 million in contract logistics, $2.2 million in intermodal and $0.0 million in trucking. (2) Credits within other non-reportable include allocations and eliminations to the other reportable segments. (3) Other segment items primarily include general and administrative expense, insurance and claims expense, gains on disposals of property and equipment, and other corporate allocations.
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