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PROPERTY AND EQUIPMENT
 6 Months Ended
Jun. 30, 2022
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

NOTE 5 – PROPERTY AND EQUIPMENT

 

The components of property and equipment are as follows (in millions):

 

 

 

June 30,

 

 

December 31,

 

 

 

2022

 

 

2021

 

Revenue equipment

 

$

546.9

 

 

$

520.5

 

Revenue equipment leased and available for lease to owner operators

 

 

141.3

 

 

 

123.4

 

Buildings and improvements

 

 

58.7

 

 

 

58.0

 

Furniture and fixtures, office and computer equipment, vehicles and capitalized software development

 

 

35.0

 

 

 

33.3

 

 

 

 

781.9

 

 

 

735.2

 

Accumulated depreciation

 

 

(360.9

)

 

 

(337.5

)

Property and equipment, net

 

$

421.0

 

 

$

397.7

 

 

Depreciation expense on property and equipment was $21.0 million and $20.4 million for the three months ended June 30, 2022 and 2021, respectively. Depreciation expense on property and equipment was $40.9 million and $40.9 million for the six months ended June 30, 2022 and 2021, respectively.