v3.26.3
Financial Information by Segment and Geography
 9 Months Ended
Sep. 30, 2026
Segment Reporting [Abstract]  
Financial Information by Segment and Geography Financial Information by Segment and Geography
Segment Information
Quarter Ended September 30, 2026
Operating income by segment:TruckloadLTLLogisticsIntermodalAll Other SegmentsEliminationsTotal
(In thousands)
Total revenue$1,410,251 $434,517 $138,974 $122,876 $126,002 $(31,694)$2,200,926 
Less 1:
Salaries, wages, and benefits$438,725 $227,765 $6,610 $16,487 $83,331 $(633)$772,285 
Fuel271,225 56,130 — 7,369 795 — 335,519 
Operations and maintenance 2
126,429 27,992 3,748 6,702 (13,505)(6,318)145,048 
Insurance and claims73,264 19,785 1,106 1,221 6,154 (33)101,497 
Depreciation and amortization of property and equipment138,227 22,047 463 6,186 13,267 — 180,190 
Purchased transportation140,918 9,306 112,077 76,273 (240)(10,180)328,154 
Other segment items 2 3
98,381 46,551 6,549 5,881 16,696 (14,530)159,528 
Total operating expense$1,287,169 $409,576 $130,553 $120,119 $106,498 $(31,694)$2,022,221 
Operating income$123,082 $24,941 $8,421 $2,757 $19,504 $— $178,705 
Operating ratio91.3%94.3%93.9%97.8%84.5%100.0%91.9%
Quarter Ended September 30, 2025
Operating income (loss) by segment:TruckloadLTLLogisticsIntermodalAll Other SegmentsEliminationsTotal
(In thousands)
Total revenue$1,236,634 $394,501 $140,404 $94,083 $88,880 $(27,445)$1,927,057 
Less 1:
Salaries, wages, and benefits$447,534 $218,293 $6,804 $14,894 $68,314 $(561)$755,278 
Fuel185,002 32,069 — 4,188 548 — 221,807 
Operations and maintenance 2
129,955 27,489 4,200 4,939 (18,522)(5,624)142,437 
Insurance and claims83,995 17,419 782 1,078 13,223 — 116,497 
Depreciation and amortization of property and equipment133,612 24,334 467 5,907 14,716 — 179,036 
Purchased transportation111,762 6,885 114,749 57,445 4,043 (10,498)284,386 
Other segment items 2 3
108,873 69,705 6,565 7,930 (5,021)(10,762)177,290 
Total operating expense$1,200,733 $396,194 $133,567 $96,381 $77,301 $(27,445)$1,876,731 
Operating income (loss)$35,901 $(1,693)$6,837 $(2,298)$11,579 $— $50,326 
Operating ratio97.1%100.4%95.1%102.4%87.0%100.0%97.4%
1The significant expense categories and amounts align with the segment-level information that is regularly provided to the chief operating decision maker.
2The credits within All Other Segments represent allocations within corporate to the other segments.
3Other segment items for each reportable segment include operating taxes and licenses, communications, amortization of intangibles, rental expense, impairments, and other miscellaneous operating expenses.
Year-to-Date September 30, 2026
Operating income by segment:TruckloadLTLLogisticsIntermodalAll Other SegmentsEliminationsTotal
(In thousands)
Total revenue$3,959,760 $1,223,029 $406,278 $329,853 $312,768 $(84,827)$6,146,861 
Less 1:
Salaries, wages, and benefits$1,294,552 $664,083 $19,743 $47,973 $245,370 $(1,925)$2,269,796 
Fuel712,287 140,846 — 19,152 1,933 — 874,218 
Operations and maintenance 2
366,492 82,471 11,975 18,697 (51,752)(17,924)409,959 
Insurance and claims226,718 67,756 2,559 3,518 10,631 (364)310,818 
Depreciation and amortization of property and equipment409,608 64,972 1,345 18,530 40,705 — 535,160 
Purchased transportation381,450 23,495 335,467 202,736 11,017 (25,236)928,929 
Other segment items 2 3
319,368 136,371 19,318 17,261 52,901 (39,378)505,841 
Total operating expense$3,710,475 $1,179,994 $390,407 $327,867 $310,805 $(84,827)$5,834,721 
Operating income$249,285 $43,035 $15,871 $1,986 $1,963 $— $312,140 
Operating ratio93.7%96.5%96.1%99.4%99.4%100.0%94.9%

Year-to-Date September 30, 2025
Operating income (loss) by segment:TruckloadLTLLogisticsIntermodalAll Other SegmentsEliminationsTotal
(In thousands)
Total revenue$3,643,220 $1,133,756 $410,323 $269,251 $234,891 $(78,082)$5,613,359 
Less 1:
Salaries, wages, and benefits$1,326,730 $635,872 $20,342 $44,336 $205,905 $(1,666)$2,231,519 
Fuel527,915 90,728 — 12,417 1,559 — 632,619 
Operations and maintenance 2
375,521 77,608 13,450 17,702 (53,298)(16,204)414,779 
Insurance and claims221,008 45,922 3,075 4,261 19,737 — 294,003 
Depreciation and amortization of property and equipment397,493 71,496 1,540 17,539 44,985 — 533,053 
Purchased transportation326,688 23,807 334,701 161,895 9,742 (29,431)827,402 
Other segment items 2 3
341,944 158,989 19,688 18,640 (18,101)(30,781)490,379 
Total operating expense$3,517,299 $1,104,422 $392,796 $276,790 $210,529 $(78,082)$5,423,754 
Operating income (loss)$125,921 $29,334 $17,527 $(7,539)$24,362 $— $189,605 
Operating ratio96.5%97.4%95.7%102.8%89.6%100.0%96.6%
1The significant expense categories and amounts align with the segment-level information that is regularly provided to the chief operating decision maker.
2The credits within All Other Segments represent allocations within corporate to the other segments.
3Other segment items for each reportable segment include operating taxes and licenses, communications, amortization of intangibles, rental expense, impairments, and other miscellaneous operating expenses.
Geographical Information
In the aggregate, total revenue from the Company's international operations was less than 5.0% of consolidated total revenue for the quarter and year-to-date periods ended September 30, 2026 and 2025. Additionally, long-lived assets on the Company's international subsidiary balance sheets were less than 5.0% of consolidated total assets as of September 30, 2026 and December 31, 2025.