v3.26.3
SEGMENT REPORTING
 9 Months Ended
Sep. 30, 2026
Segment Reporting [Abstract]  
SEGMENT REPORTING SEGMENT REPORTING
Our segments are based on our method of internal reporting, which generally segregates the segments by service line and the primary services they provide to our customers. The internal reporting of segments is aligned with the reporting and review process used by our chief operating decision maker (“CODM”), our Chief Executive Officer. We do not report our intersegment revenues by segment to our CODM and do not believe they are a meaningful metric for evaluating the performance of our reportable segments.
Our CODM utilizes segment operating income as the primary measure to evaluate the performance of our reportable segments. Operating income is an important measure of our ability to optimize our cost structure through innovation of our proprietary operating systems and accelerating the capabilities of our workforce. It also guides the allocation of resources, including employees, technology investments, and capital resource investments to each segment. Additionally, operating income is also an important measure of our ability to maintain pricing discipline and drive profitable growth while effectively serving our customers and contract carriers. We consider operating income to be our primary performance metric. The review of segment performance and the allocation of resources occurs primarily in the annual budgeting process and through a regular cadence of operating reviews to monitor the progress of strategic initiatives included in our enterprise balanced scorecard. We identify two reportable segments with all other segments included in “All Other and Corporate” as follows:
•North American Surface Transportation: NAST provides freight transportation services across North America through a network of offices in the United States, Canada, and Mexico. The primary services provided by NAST are truckload and less than truckload (“LTL”) transportation services.
•Global Forwarding: Global Forwarding provides global logistics services through an international network of offices in North America, Asia, Europe, Oceania, South America, and the Middle East and also contracts with independent
agents worldwide. The primary services provided by Global Forwarding include ocean freight services, air freight services, and customs brokerage.
•All Other and Corporate: All Other and Corporate includes our Robinson Fresh and Managed Solutions segments, as well as Other Surface Transportation outside of North America and other miscellaneous revenues and unallocated corporate expenses. Robinson Fresh provides sourcing services including the buying, selling, and/or marketing of fresh fruits, vegetables, and other value-added perishable items. Managed Solutions provides Transportation Management Services, or Managed TMS. Other Surface Transportation revenues were primarily earned by our Europe Surface Transportation segment which was sold effective February 1, 2025. Europe Surface Transportation provided transportation and logistics services including truckload and LTL transportation services across Europe. Refer to Note 14, Divestitures, for further discussion related to the sale of our Europe Surface Transportation business.
The accounting policies of our reportable segments are the same as those described in the summary of significant accounting policies located in Note 1 of the Notes to Consolidated Financial Statements in our Annual Report on Form 10-K for the year ended December 31, 2025.
Reportable segment information is as follows (dollars in thousands):
Three Months Ended September 30, 2026
NASTGlobal ForwardingTotal
Revenues from external customers$3,829,223 $1,149,051 $4,978,274 
Other revenues from external customers(1)
379,786 
Total consolidated revenues
5,358,060 
Less significant segment expenses:
Purchased transportation and related services(2)
3,311,368 927,813 
Personnel expenses(2)
173,453 85,718 
Other selling, general, and administrative expenses(2)
140,499 55,473 
Segment operating income203,903 80,047 283,950 
Other operating income (loss)(1)
(12,143)
Total consolidated operating income
271,807 
Interest and other income/expense, net
(21,719)
Income before provision for income taxes
$250,088 
Three Months Ended September 30, 2025
NASTGlobal ForwardingTotal
Revenues from external customers$2,965,694 $786,347 $3,752,041 
Other revenues from external customers(1)
384,805 
Total consolidated revenues
4,136,846 
Less significant segment expenses:
Purchased transportation and related services(2)
2,521,555 594,592 
Personnel expenses(2)
162,086 92,507 
Other selling, general, and administrative expenses(2)
109,175 50,227 
Segment operating income172,878 49,021 221,899 
Other operating income (loss)(1)
(1,063)
Total consolidated operating income
220,836 
Interest and other income/expense, net
(15,602)
Income before provision for income taxes
$205,234 
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(1) Other revenues from external customers and other operating income (loss) are attributable to our Robinson Fresh and Managed Solutions segments, as well as Other Surface Transportation outside of North America and other miscellaneous revenues and unallocated corporate expenses.
(2) The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM.
Nine Months Ended September 30, 2026
NASTGlobal ForwardingTotal
Revenues from external customers$10,369,815 $2,710,385 $13,080,200 
Other revenues from external customers(1)
1,224,892 
Total consolidated revenues
14,305,092 
Less significant segment expenses:
Purchased transportation and related services(2)
8,951,494 2,138,026 
Personnel expenses(2)
507,840 243,683 
Other selling, general, and administrative expenses(2)
371,603 155,975 
Segment operating income538,878 172,701 711,579 
Other operating income (loss)(1)
(8,343)
Total consolidated operating income
703,236 
Interest and other income/expense, net
(48,610)
Income before provision for income taxes
$654,626 
Nine Months Ended September 30, 2025
NASTGlobal ForwardingTotal
Revenues from external customers$8,752,341 $2,359,035 $11,111,376 
Other revenues from external customers(1)
1,208,753 
Total consolidated revenues
12,320,129 
Less significant segment expenses:
Purchased transportation and related services(2)
7,457,630 1,795,071 
Personnel expenses(2)
483,070 268,295 
Other selling, general, and administrative expenses(2)
331,101 152,375 
Segment operating income480,540 143,294 623,834 
Other operating income (loss)(1)
(10,226)
Total consolidated operating income
613,608 
Interest and other income/expense, net
(57,679)
Income before provision for income taxes
$555,929 
_______________________________________
(1) Other revenues from external customers and other operating income (loss) are attributable to our Robinson Fresh and Managed Solutions segments, as well as Other Surface Transportation outside of North America and other miscellaneous revenues and unallocated corporate expenses.
(2) The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM.
Reportable segment information is as follows (dollars in thousands):
NASTGlobal ForwardingAll Other and CorporateConsolidated
Three Months Ended September 30, 2026
Depreciation and amortization$5,263 $1,479 $17,031 $23,773 
Total assets(1)
3,775,164 1,556,883 1,057,408 6,389,455 
Average employee headcount4,597 3,573 3,083 11,253 
NASTGlobal ForwardingAll Other and CorporateConsolidated
Three Months Ended September 30, 2025
Depreciation and amortization$4,874 $2,250 $18,705 $25,829 
Total assets(1)
2,978,317 1,233,692 1,015,845 5,227,854 
Average employee headcount5,187 4,245 3,127 12,559 
NASTGlobal ForwardingAll Other and CorporateConsolidated
Nine Months Ended September 30, 2026
Depreciation and amortization$14,789 $4,900 $51,505 $71,194 
Total assets(1)
3,775,164 1,556,883 1,057,408 6,389,455 
Average employee headcount4,674 3,710 3,095 11,479 
NASTGlobal ForwardingAll Other and CorporateConsolidated
Nine Months Ended September 30, 2025
Depreciation and amortization$14,498 $6,577 $55,262 $76,337 
Total assets(1)
2,978,317 1,233,692 1,015,845 5,227,854 
Average employee headcount5,234 4,380 3,339 12,953 
_________________________________________
(1) All cash and cash equivalents are included in All Other and Corporate.