v3.26.1
Unaudited Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jul. 04, 2026
Jun. 28, 2025
Jul. 04, 2026
Jun. 28, 2025
Operating revenues:        
Total operating revenues $ 379,323 [1] $ 393,794 [2] $ 746,898 [3] $ 776,183
Operating expenses:        
Purchased transportation and equipment rent 67,014 81,508 127,692 161,251
Direct personnel and related benefits 164,798 168,032 341,002 332,533
Operating supplies and expenses 56,287 50,358 104,614 101,669
Commission expense 4,468 4,395 8,653 8,651
Occupancy expense 16,264 11,803 31,823 23,056
General and administrative 16,019 14,026 31,088 27,203
Insurance and claims 17,523 7,599 25,121 14,563
Depreciation and amortization 33,184 36,203 68,827 71,691
(Gain) on disposal of property and equipment (45,257) (23) (45,722) (7)
Impairment expense 3,886 0 3,886 0
Total operating expenses 334,186 373,901 696,984 740,610
Income from operations 45,137 19,893 49,914 35,573
Interest income 2,532 2,738 5,155 5,667
Interest expense (13,092) (11,590) (25,421) (22,742)
Other non-operating (expense) income (2) 149 293 727
Income before income taxes 34,575 11,190 29,941 19,225
Income tax expense 8,389 2,874 7,266 4,895
Net income $ 26,186 $ 8,316 $ 22,675 $ 14,330
Earnings per common share:        
Basic $ 0.99 $ 0.32 $ 0.86 $ 0.54
Diluted $ 0.99 $ 0.32 $ 0.86 $ 0.54
Weighted average number of common shares outstanding:        
Basic 26,370 26,331 26,361 26,325
Diluted 26,370 26,341 26,361 26,341
Dividends declared per common share $ 0.105 $ 0.105 $ 0.21 $ 0.21
Truckload services [Member]        
Operating revenues:        
Total operating revenues $ 45,039 $ 45,922 $ 79,017 $ 83,700
Brokerage services [Member]        
Operating revenues:        
Total operating revenues 19,449 19,571 36,201 39,836
Intermodal services [Member]        
Operating revenues:        
Total operating revenues 43,411 67,745 90,723 136,199
Dedicated services [Member]        
Operating revenues:        
Total operating revenues 88,106 81,828 172,224 166,835
Value-added services [Member]        
Operating revenues:        
Total operating revenues $ 183,318 $ 178,728 $ 368,733 $ 349,613
[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] 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.
[3] 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.