| Segment Information |
The Company reports the results of two operating segments: the transportation logistics segment and the insurance segment. The Company’s chief operating decision maker (“CODM”) is our Chief Executive Officer. The CODM evaluates each segment’s performance and makes decisions about resource allocations primarily based on operating income, which is the principal financial metric utilized to monitor budgeted versus actual results by segment of the Company. Asset information by segment is not typically provided to the CODM for purposes of evaluating performance or allocating resources, and therefore such information has not been presented. The following tables summarize information about the Company’s reportable business segments as of and for the thirty-nine-week and thirteen-week periods ended September 26, 2026 and September 27, 2025 (in thousands):
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Thirty-Nine Weeks Ended |
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September 26, 2026 |
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September 27, 2025 |
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Transportation
Logistics |
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Insurance |
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Total |
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Transportation
Logistics |
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Insurance |
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Total |
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External revenue |
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$ |
4,071,824 |
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$ |
43,518 |
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$ |
4,115,342 |
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$ |
3,525,234 |
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$ |
44,057 |
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$ |
3,569,291 |
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Internal revenue |
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63,053 |
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63,053 |
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64,110 |
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64,110 |
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Total revenue |
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4,071,824 |
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106,571 |
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4,178,395 |
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3,525,234 |
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108,167 |
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3,633,401 |
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Investment income |
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7,943 |
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7,943 |
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10,620 |
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10,620 |
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Purchased transportation |
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3,212,442 |
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3,212,442 |
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2,775,761 |
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2,775,761 |
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Commissions to agents |
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319,254 |
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319,254 |
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291,529 |
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291,529 |
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Other operating costs, net of gains on asset sales/dispositions |
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53,971 |
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53,971 |
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46,996 |
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46,996 |
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Insurance and claims |
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94,043 |
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99,203 |
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193,246 |
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89,387 |
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78,032 |
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167,419 |
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Selling, general and administrative |
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181,789 |
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9,745 |
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191,534 |
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165,860 |
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8,443 |
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174,303 |
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Depreciation and amortization |
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30,887 |
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30,887 |
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35,884 |
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35,884 |
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Impairment of intangible and other assets |
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30,104 |
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30,104 |
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Operating income |
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179,438 |
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5,566 |
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185,004 |
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89,713 |
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32,312 |
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122,025 |
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Goodwill |
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34,005 |
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34,005 |
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34,005 |
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34,005 |
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Operating income |
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185,004 |
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122,025 |
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Interest and debt expense (1) |
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1,692 |
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756 |
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Income before income taxes |
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183,312 |
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121,269 |
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Thirteen Weeks Ended |
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September 26, 2026 |
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September 27, 2025 |
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Transportation
Logistics |
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Insurance |
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Total |
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Transportation
Logistics |
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Insurance |
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Total |
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External revenue |
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$ |
1,497,058 |
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$ |
14,729 |
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$ |
1,511,787 |
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$ |
1,190,802 |
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$ |
14,604 |
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$ |
1,205,406 |
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Internal revenue |
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11,430 |
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11,430 |
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11,017 |
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11,017 |
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Total revenue |
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1,497,058 |
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26,159 |
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1,523,217 |
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1,190,802 |
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25,621 |
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1,216,423 |
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Investment income |
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2,264 |
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2,264 |
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3,293 |
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3,293 |
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Purchased transportation |
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1,182,045 |
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1,182,045 |
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936,472 |
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936,472 |
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Commissions to agents |
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117,676 |
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117,676 |
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98,693 |
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98,693 |
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Other operating costs, net of gains on asset sales/dispositions |
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21,226 |
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21,226 |
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15,572 |
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15,572 |
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Insurance and claims |
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32,582 |
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34,118 |
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66,700 |
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26,014 |
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18,011 |
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44,025 |
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Selling, general and administrative |
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59,047 |
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3,329 |
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62,376 |
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53,875 |
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3,140 |
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57,015 |
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Depreciation and amortization |
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9,918 |
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9,918 |
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11,509 |
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11,509 |
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Impairment of intangible and other assets |
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30,104 |
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30,104 |
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Operating income (loss) |
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74,564 |
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(9,024 |
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65,540 |
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18,563 |
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7,763 |
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26,326 |
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Operating income |
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65,540 |
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26,326 |
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Interest and debt expense (1) |
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362 |
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217 |
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Income before income taxes |
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65,178 |
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26,109 |
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| (1) |
Interest and debt expense includes (i) interest income earned on cash balances held by the transportation logistics segment of $2,088 and $3,549 in the 2026 and 2025 thirty-nine-week periods, respectively, and $837 and $1,140 in the 2026 and 2025 thirteen-week periods, respectively, and (ii) consolidated total interest expense of $3,780 and $4,305 in the 2026 and 2025 thirty-nine-week periods, respectively, and $1,199 and $1,357 in the 2026 and 2025 thirteen-week periods, respectively. | In the thirty-nine-week periods ended September 26, 2026 and September 27, 2025, no single customer accounted fo r more than 10% of the Company’s consolidated revenue. |