Property, Plant and Equipment

12 Months Ended

Dec. 31, 2024

Property, Plant and Equipment [Abstract]

16. Property, Plant and Equipment


At December 31, 2024	Cost		Accumulated depreciation		Net book value
Land	$	610.9	$	—	$	610.9
Buildings and improvements	499.6		(243.0)		256.6
Yard, automotive and office equipment	348.1		(157.7)		190.4
Computer software and equipment	109.2		(83.0)		26.2
Leasehold improvements	174.3		(66.4)		107.9
Assets under development	83.4		—		83.4
	$	1,825.5	$	(550.1)	$	1,275.4


At December 31, 2023	Cost		Accumulated depreciation		Net book value
Land	$	549.2	$	—	$	549.2
Buildings and improvements	491.1		(236.1)		255.0
Yard, automotive and office equipment	306.0		(117.5)		188.5
Computer software and equipment	108.2		(79.5)		28.7
Leasehold improvements	160.0		(37.3)		122.7
Assets under development	56.8		—		56.8
	$	1,671.3	$	(470.4)	$	1,200.9

During the year ended December 31, 2024, interest of $4.5 million (2023: $1.8 million; 2022: $0.1 million) was capitalized to the cost of assets under development.

Additions during the year include $37.6 million (2023: $12.6 million; 2022: $13.2 million) of property, plant and equipment under finance leases.

On March 17, 2022, the Company completed the sale and leaseback of a parcel of land including all buildings, in Bolton, Ontario, Canada for a total sale consideration of CA$208.2 million (approximately $165 million) net of closing and transaction costs, and recognized a gain on disposition of property, plant and equipment of $169.1 million.