v3.26.3
Segment Reporting
 9 Months Ended
Sep. 30, 2026
Segment Reporting [Abstract]  
Segment Reporting SEGMENT REPORTING
We have three reportable segments – Truckload, Intermodal, and Logistics – which are based primarily on the services each segment provides.
The CODM reviews revenues for each segment without the inclusion of fuel surcharge revenues. For segment purposes, any fuel surcharge revenues earned are recorded as a reduction of the segment’s fuel expenses. Income from operations at the segment level reflects the measure presented to the CODM for each segment.
Separate balance sheets are not prepared by segment, and as a result, assets are not separately identifiable by segment. All transactions between reportable segments are eliminated in consolidation.
Substantially all of our revenues and assets were generated or located within the U.S.
The following tables summarize our segment information. Inter-segment revenues within Other include revenues from insurance premiums charged to other segments for workers’ compensation, auto, and other types of insurance. Inter-segment revenues included in Other revenues below were $39.0 million and $39.2 million for the three months ended September 30, 2026 and 2025, respectively, and $98.9 million and $87.2 million for the nine months ended September 30, 2026 and 2025, respectively.
Segment Revenues and ExpensesThree Months Ended September 30, 2026
 (in millions)
TruckloadIntermodalLogisticsTotal
Revenues (excluding fuel surcharge)$624.8 $287.7 $372.5 $1,285.0 
Fuel surcharge revenues161.5 76.3 3.6 241.4 
Segment operating revenues786.3 364.0 376.1 1,526.4 
Other revenues109.0 
Elimination of inter-segment revenues(48.9)
Elimination of inter-segment fuel surcharge revenues(1.2)
Operating revenues1,585.3 
Salaries, wages, and benefits270.8 45.5 24.5 
Purchased transportation, fuel, and fuel taxes223.3 239.5 302.9 
Depreciation and amortization81.0 13.2 0.1 
Operating supplies and expenses-net74.0 19.6 20.1 
Other segment expenses(1)
93.5 23.6 28.5 
Segment income from operations$43.7 $22.6 $— 66.3 
Corporate and other loss from operations—net(4.2)
Income from operations62.1 
Total other income—net(3.5)
Income before income taxes$65.6 
Segment Revenues and ExpensesNine Months Ended September 30, 2026
 (in millions)
TruckloadIntermodalLogisticsTotal
Revenues (excluding fuel surcharge)$1,870.4 $803.2 $1,060.9 $3,734.5 
Fuel surcharge revenues438.3 193.8 7.2 639.3 
Segment operating revenues2,308.7 997.0 1,068.1 4,373.8 
Other revenues312.3 
Elimination of inter-segment revenues(130.3)
Elimination of inter-segment fuel surcharge revenues(3.3)
Operating revenues4,552.5 
Salaries, wages, and benefits812.4 131.6 74.7 
Purchased transportation, fuel, and fuel taxes610.1 650.5 854.9 
Depreciation and amortization248.6 39.1 0.4 
Operating supplies and expenses-net243.2 54.0 52.0 
Other segment expenses(1)
279.1 69.9 67.5 
Segment income from operations$115.3 $51.9 $18.6 185.8 
Corporate and other loss from operations—net(18.9)
Income from operations166.9 
Total other expenses—net8.5 
Income before income taxes$158.4 
Segment Revenues and ExpensesThree Months Ended September 30, 2025
 (in millions)
TruckloadIntermodalLogisticsTotal
Revenues (excluding fuel surcharge)$624.5 $281.4 $332.1 $1,238.0 
Fuel surcharge revenues105.9 46.5 1.5 153.9 
Segment operating revenues730.4 327.9 333.6 1,391.9 
Other revenues117.8 
Elimination of inter-segment revenues(56.1)
Elimination of inter-segment fuel surcharge revenues(1.2)
Operating revenues1,452.4 
Salaries, wages, and benefits274.8 44.0 27.4 
Purchased transportation, fuel, and fuel taxes159.8 212.3 263.8 
Depreciation and amortization85.5 13.2 0.3 
Operating supplies and expenses-net86.5 17.5 15.3 
Other segment expenses(1)
104.0 24.1 20.4 
Segment income from operations$19.8 $16.8 $6.4 43.0 
Corporate and other loss from operations—net(7.7)
Income from operations35.3 
Total other expenses—net8.9 
Income before income taxes$26.4 
Segment Revenues and ExpensesNine Months Ended September 30, 2025
 (in millions)
TruckloadIntermodalLogisticsTotal
Revenues (excluding fuel surcharge)$1,860.4 $806.9 $1,003.7 $3,671.0 
Fuel surcharge revenues304.4 129.3 4.4 438.1 
Segment operating revenues2,164.8 936.2 1,008.1 4,109.1 
Other revenues303.3 
Elimination of inter-segment revenues(134.3)
Elimination of inter-segment fuel surcharge revenues(3.4)
Operating revenues4,274.7 
Salaries, wages, and benefits812.9 131.9 86.7 
Purchased transportation, fuel, and fuel taxes474.5 595.3 793.4 
Depreciation and amortization255.3 39.6 0.8 
Operating supplies and expenses-net248.8 53.7 44.2 
Other segment expenses(1)
288.3 69.0 60.6 
Segment income from operations$85.0 $46.7 $22.4 154.1 
Corporate and other loss from operations—net(21.7)
Income from operations132.4 
Total other expenses—net23.8 
Income before income taxes
$108.6 
(1)For each reportable segment, other segment expenses include insurance and related expenses and other general expenses.