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Fair Value Measurement - Estimated Fair Values (Details) - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Financial Assets:    
Equity method investments $ 110,973 $ 102,252
Equity method investments (Estimated Fair Value) 110,973 102,252
Financial Liabilities:    
Term loan Carrying Value 1,744,450 1,628,079
Revolving line of credit 202,000 67,000
Secured Debt [1],[2] 269,303 279,339
Accounts receivable securitization 453,567 526,508
Business Combination, Contingent Consideration, Liability [3] 40,859 40,859
2023 Term Loan    
Financial Liabilities:    
Deferred loan costs 800 900
2023 Term Loan | Loans Payable [Member]    
Financial Liabilities:    
Deferred loan costs 800 900
U.S. Xpress | Class A    
Financial Liabilities:    
Business Combination, Contingent Consideration, Liability [3] 134,107 134,107
2021 Term Loan A-2    
Financial Liabilities:    
Term loan Carrying Value [4] 199,939 199,902
Term loan, Fair Value [4] 200,000 200,000
2021 Term Loan A-3    
Financial Liabilities:    
Term loan Carrying Value [4] 799,147 799,058
Term loan, Fair Value [4] 800,000 800,000
2023 Term Loan    
Financial Liabilities:    
Term loan Carrying Value [5] 249,216 249,135
Term loan, Fair Value [5] 250,000 250,000
2021 Revolver    
Financial Liabilities:    
Revolving line of credit 202,000 67,000
U.S. Xpress Revenue Equipment Installment Notes    
Financial Liabilities:    
Secured Debt [6] 269,303 279,339
Debt Instrument, Fair Value Disclosure 1,100 1,300
2021 Prudential Notes    
Financial Liabilities:    
Term loan Carrying Value [7] 17,035 25,078
Term loan, Fair Value [7] 17,054 25,100
Debt Instrument, Fair Value Disclosure 1,000 1,100
Deferred loan costs 19 22
2023 RSA    
Financial Liabilities:    
Accounts receivable securitization [8] 453,567 526,508
Debt Instrument, Fair Value Disclosure [8] 454,000 527,000
Deferred loan costs $ 400 $ 500
[1] Refer to Note 12 for information regarding the fair value of debt.
[2] The revenue equipment installment loans were assumed at the close of the U.S. Xpress Acquisition and have a weighted average interest rate of 5.83% and 4.70% as of March 31, 2024 and December 31, 2023, respectively.
[3] he contingent consideration is primarily related to the U.S. Xpress Acquisition
[4] As of March 31, 2024, the carrying amounts of the 2021 Term Loan A-2 and 2021 Term Loan A-3 were net of $0.1 million and $0.9 million in deferred loan costs, respectively. As of December 31, 2023, the carrying amounts of the 2021 Term Loan A-2 and 2021 Term Loan A-3 were net of $0.1 million and $0.9 million in deferred loan costs, respectively.
[5] As of March 31, 2024, the carrying amount of the 2023 Term Loan was net of $0.8 million in deferred loan costs. As of December 31, 2023, the carrying amount of the 2023 Term Loan was net of $0.9 million in deferred loan costs.
[6] As of March 31, 2024, the carrying amount of the revenue equipment installment notes included $1.1 million in fair value adjustments. As of December 31, 2023, the carrying amount of the revenue equipment installment notes included $1.3 million in fair value adjustments.
[7] As of March 31, 2024, the carrying amount of the 2021 Prudential Notes was net of approximately $19,000 in deferred loan costs and included $1.0 million in fair value adjustments. As of December 31, 2023, the carrying amount of the 2021 Prudential Notes was net of $22,000 in deferred loan costs and included $1.1 million in fair value adjustments.
[8] The carrying amount of the 2023 RSA was net of $0.4 million and $0.5 million in deferred loan costs as of March 31, 2024 and December 31, 2023, respectively.