| Schedule of Restructuring and Related Costs |
A summary of charges related to our 2025 Restructuring Program is presented below (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, | | Nine Months Ended September 30, | | 2026 | | 2025 | | 2026 | | 2025 | | | Severance(1) | $ | 3,294 | | | $ | 9,304 | | | $ | 28,048 | | | $ | 12,968 | | | | Other personnel expenses(1) | 289 | | | 424 | | | 2,321 | | | 641 | | | | Other selling, general, and administrative expenses(2) | 12,509 | | | 202 | | | 13,427 | | | 202 | | | | | Total | $ | 16,092 | | | $ | 9,930 | | | $ | 43,796 | | | $ | 13,811 | | | |
________________________________ (1) Amounts are included within personnel expenses in our condensed consolidated statements of operations and comprehensive income. (2) Amounts are included within other selling, general, and administrative expenses in our condensed consolidated statements of operations and comprehensive income.
The following tables summarize restructuring charges related to our 2025 Restructuring Program by reportable segment (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, 2026 | | NAST | | Global Forwarding | | All Other and Corporate | | Consolidated | | Personnel expenses | $ | 1,762 | | | $ | 884 | | | $ | 937 | | | $ | 3,583 | | | Other selling, general, and administrative expenses | 218 | | | 33 | | | 12,258 | | | 12,509 | | | Three Months Ended September 30, 2025 | | NAST | | Global Forwarding | | All Other and Corporate | | Consolidated | | Personnel expenses | $ | 1,199 | | | $ | 8,403 | | | $ | 126 | | | $ | 9,728 | | | Other selling, general, and administrative expenses | 75 | | | 127 | | | — | | | 202 | |
| | | | | | | | | | | | | | | | | | | | | | | | | Nine Months Ended September 30, 2026 | | NAST | | Global Forwarding | | All Other and Corporate | | Consolidated | | Personnel expenses | $ | 19,815 | | | $ | 4,965 | | | $ | 5,589 | | | $ | 30,369 | | | Other selling, general, and administrative expenses | 398 | | | 632 | | | 12,397 | | | 13,427 | | | Nine Months Ended September 30, 2025 | | NAST | | Global Forwarding | | All Other and Corporate | | Consolidated | | Personnel expenses | $ | 1,876 | | | $ | 10,979 | | | $ | 754 | | | $ | 13,609 | | | Other selling, general, and administrative expenses | 75 | | | 127 | | | — | | | 202 | |
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| Schedule of Restructuring Reserve by Type of Cost |
The following table summarizes activity related to our 2025 Restructuring Program and liabilities included in our consolidated balance sheets (in thousands): | | | | | | | | | | | | | | | | | | | Accrued Severance and Other Personnel Expenses | | Accrued Other Selling, General, and Administrative Expenses | | Total(1) | | Balance, December 31, 2025 | $ | 3,790 | | | $ | 291 | | | $ | 4,081 | | | Restructuring charges | 30,369 | | | 13,427 | | | 43,796 | | | Cash payments | (29,906) | | | (1,022) | | | (30,928) | | | Settled non-cash | — | | | (12,201) | | | (12,201) | | Accrual adjustments(2) | (105) | | | 19 | | | (86) | | | Balance, September 30, 2026 | $ | 4,148 | | | $ | 514 | | | $ | 4,662 | |
________________________________ (1) Amounts are included within accrued expenses - compensation on the condensed consolidated balance sheet as of September 30, 2026 and December 31, 2025. (2) Accrual adjustments primarily relate to changes in estimates for certain employee termination costs, including those settling for an amount different than originally estimated and foreign currency adjustments.
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