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Description of Business and Summary of Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2023
Accounting Policies [Abstract]  
Summary of Property and Equipment, Estimated Useful Lives

Depreciation is computed using the straight-line method, except for tractors (included in revenue equipment) for which the declining-balance method is used. The following service lives are used to compute depreciation:

 

 

 

 

Years

Structures

 

 

 

20 to 25

Revenue equipment

 

 

 

6 to 14

Technology equipment and software

 

 

 

3 to 5

Other

 

 

 

3 to 10

Schedule of Property and Equipment

At December 31, property and equipment consisted of the following (in thousands):

 

 

2023

 

 

2022

 

Land

 

$

272,633

 

 

$

191,057

 

Structures

 

 

813,146

 

 

 

638,180

 

Revenue equipment

 

 

1,470,913

 

 

 

1,340,761

 

Technology equipment and software

 

 

176,854

 

 

 

187,333

 

Other

 

 

148,254

 

 

 

121,493

 

 

 

 

 

 

 

 

Total property and equipment, at cost

 

$

2,881,800

 

 

$

2,478,824