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Fair Value Measurement - Estimated Fair Values (Details) - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Financial Assets:    
Equity method investments $ 122,781 $ 102,252
Equity method investments (Estimated Fair Value) 122,781 102,252
Financial Liabilities:    
Term loan Carrying Value 1,857,971 1,628,079
Revolving line of credit 227,000 67,000
Accounts receivable securitization 458,911 526,508
Business Combination, Contingent Consideration, Liability [1] 40,000 40,859
U.S. Xpress | Class A    
Financial Liabilities:    
Business Combination, Contingent Consideration, Liability [1] 134,107 134,107
2021 Term Loan A-2    
Financial Liabilities:    
Term loan Carrying Value [2] 349,021 199,902
Term loan, Fair Value [2] 350,000 200,000
2021 Term Loan A-3    
Financial Liabilities:    
Term loan Carrying Value [2] 789,323 799,058
Term loan, Fair Value [2] 790,000 800,000
2023 Term Loan    
Financial Liabilities:    
Term loan Carrying Value [3] 249,378 249,135
Term loan, Fair Value [3] 250,000 250,000
2021 Revolver    
Financial Liabilities:    
Revolving line of credit 227,000 67,000
U.S. Xpress Revenue Equipment Installment Notes    
Financial Liabilities:    
Secured Debt [4] 219,510 279,339
Debt Instrument, Fair Value Disclosure 800 1,300
2021 Prudential Notes    
Financial Liabilities:    
Term loan Carrying Value [5] 16,787 25,078
Term loan, Fair Value [5] 16,800 25,100
Debt Instrument, Fair Value Disclosure 700 1,100
Deferred loan costs 13 22
2023 RSA    
Financial Liabilities:    
Accounts receivable securitization [6] 458,911 526,508
Debt Instrument, Fair Value Disclosure [6] 459,200 527,000
Deferred loan costs $ 300 $ 500
[1] The contingent consideration is primarily related to the U.S. Xpress Acquisition.
[2] As of September 30, 2024, the carrying amounts of the 2021 Term Loan A-2 and 2021 Term Loan A-3 were net of $1.0 million and $0.7 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.
[3] As of September 30, 2024, the carrying amount of the 2023 Term Loan was net of $0.6 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.
[4] As of September 30, 2024, the carrying amount of the revenue equipment installment notes included $0.8 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.
[5] As of September 30, 2024, the carrying amount of the 2021 Prudential Notes was net of approximately $13,000 in deferred loan costs and included $0.7 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.
[6] The carrying amount of the 2023 RSA was net of $0.3 million and $0.5 million in deferred loan costs as of September 30, 2024 and December 31, 2023, respectively.