XML 40 R29.htm IDEA: XBRL DOCUMENT v3.22.2
REPORTABLE SEGMENTS (Tables)
6 Months Ended
Jun. 30, 2022
Segment Reporting [Abstract]  
Schedule of tabular disclosure of financial data of the Company's reportable segments

The following tables reflect certain financial data of the Company’s reportable segments for the three and six months ended June 30, 2022 and 2021 (in millions):

 

 

 

Flatbed

 

 

Specialized

 

 

Corporate/

 

 

Consolidated

 

 

 

Solutions Segment

 

 

Solutions Segment

 

 

Eliminations

 

 

Total

 

Three Months Ended June 30, 2022

 

 

 

 

 

 

 

 

 

 

 

 

Total revenue

 

$

216.0

 

 

$

268.6

 

 

$

(3.3

)

 

$

481.3

 

Company freight

 

 

42.9

 

 

 

127.5

 

 

 

(2.6

)

 

 

167.8

 

Owner operator freight

 

 

90.2

 

 

 

48.2

 

 

 

(0.5

)

 

 

137.9

 

Brokerage

 

 

47.6

 

 

 

44.2

 

 

 

0.1

 

 

 

91.9

 

Logistics

 

 

1.1

 

 

 

12.9

 

 

 

 

 

 

14.0

 

Fuel surcharge

 

 

34.2

 

 

 

35.8

 

 

 

(0.3

)

 

 

69.7

 

Operating income (loss)

 

 

24.6

 

 

 

22.7

 

 

 

(14.5

)

 

 

32.8

 

Depreciation

 

 

8.6

 

 

 

11.9

 

 

 

0.5

 

 

 

21.0

 

Amortization of intangible assets

 

 

0.8

 

 

 

0.9

 

 

 

 

 

 

1.7

 

Restructuring

 

 

 

 

 

0.4

 

 

 

0.2

 

 

 

0.6

 

Non-cash operating lease expense

 

 

(0.1

)

 

 

 

 

 

 

 

 

(0.1

)

Interest expense

 

 

0.8

 

 

 

1.3

 

 

 

5.4

 

 

 

7.5

 

Capital expenditures

 

 

17.1

 

 

 

20.0

 

 

 

13.3

 

 

 

50.4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended June 30, 2021

 

 

 

 

 

 

 

 

 

 

 

 

Total revenue

 

$

180.9

 

 

$

226.1

 

 

$

(3.0

)

 

$

404.0

 

Company freight

 

 

47.7

 

 

 

118.3

 

 

 

(2.4

)

 

 

163.6

 

Owner operator freight

 

 

88.9

 

 

 

40.7

 

 

 

(0.5

)

 

 

129.1

 

Brokerage

 

 

25.3

 

 

 

41.5

 

 

 

(0.1

)

 

 

66.7

 

Logistics

 

 

1.3

 

 

 

9.3

 

 

 

0

 

 

 

10.7

 

Fuel surcharge

 

 

17.7

 

 

 

16.3

 

 

 

(0.1

)

 

 

33.9

 

Operating income (loss)

 

 

22.9

 

 

 

29.0

 

 

 

(6.6

)

 

 

45.3

 

Depreciation

 

 

8.1

 

 

 

12.1

 

 

 

0.2

 

 

 

20.4

 

Amortization of intangible assets

 

 

0.8

 

 

 

1.0

 

 

 

 

 

 

1.8

 

Restructuring

 

 

 

 

 

0.1

 

 

 

 

 

 

0.1

 

Non-cash operating lease expense

 

 

(0.1

)

 

 

(0.3

)

 

 

 

 

 

(0.4

)

Interest expense

 

 

0.9

 

 

 

1.3

 

 

 

5.4

 

 

 

7.6

 

Capital expenditures

 

 

7.7

 

 

 

13.5

 

 

 

6.4

 

 

 

27.6

 

 

 

 

 

Flatbed

 

 

Specialized

 

 

Corporate/

 

 

Consolidated

 

 

 

Solutions Segment

 

 

Solutions Segment

 

 

Eliminations

 

 

Total

 

Six Months Ended June 30, 2022

 

 

 

 

 

 

 

 

 

 

 

 

Total revenue

 

$

411.1

 

 

$

497.1

 

 

$

(5.9

)

 

$

902.3

 

Company freight

 

 

84.4

 

 

 

244.0

 

 

 

(4.6

)

 

 

323.8

 

Owner operator freight

 

 

178.3

 

 

 

90.3

 

 

 

(0.9

)

 

 

267.7

 

Brokerage

 

 

88.8

 

 

 

81.3

 

 

 

 

 

 

170.1

 

Logistics

 

 

2.0

 

 

 

23.4

 

 

 

 

 

 

25.4

 

Fuel surcharge

 

 

57.6

 

 

 

58.1

 

 

 

(0.4

)

 

 

115.3

 

Operating income (loss)

 

 

40.5

 

 

 

40.3

 

 

 

(29.8

)

 

 

51.0

 

Depreciation

 

 

16.9

 

 

 

23.3

 

 

 

0.7

 

 

 

40.9

 

Amortization of intangible assets

 

 

1.5

 

 

 

1.9

 

 

 

 

 

 

3.4

 

Restructuring

 

 

 

 

 

0.5

 

 

 

0.7

 

 

 

1.2

 

Non-cash operating lease expense

 

 

(0.1

)

 

 

 

 

 

 

 

 

(0.1

)

Interest expense

 

 

1.6

 

 

 

2.5

 

 

 

10.5

 

 

 

14.6

 

Capital expenditures

 

 

20.4

 

 

 

27.9

 

 

 

18.2

 

 

 

66.5

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended June 30, 2021

 

 

 

 

 

 

 

 

 

 

 

 

Total revenue

 

$

334.4

 

 

$

409.8

 

 

$

(6.3

)

 

$

737.9

 

Company freight

 

 

92.4

 

 

 

221.1

 

 

 

(4.8

)

 

 

308.7

 

Owner operator freight

 

 

159.9

 

 

 

75.3

 

 

 

(1.0

)

 

 

234.2

 

Brokerage

 

 

47.5

 

 

 

68.1

 

 

 

(0.4

)

 

 

115.2

 

Logistics

 

 

2.5

 

 

 

16.5

 

 

 

0.2

 

 

 

19.2

 

Fuel surcharge

 

 

32.1

 

 

 

28.8

 

 

 

(0.3

)

 

 

60.6

 

Operating income (loss)

 

 

33.9

 

 

 

39.5

 

 

 

(20.0

)

 

 

53.4

 

Depreciation

 

 

16.1

 

 

 

24.2

 

 

 

0.6

 

 

 

40.9

 

Amortization of intangible assets

 

 

1.5

 

 

 

2.0

 

 

 

 

 

 

3.5

 

Restructuring

 

 

 

 

 

0.1

 

 

 

 

 

 

0.1

 

Non-cash operating lease expense

 

 

(0.2

)

 

 

(0.6

)

 

 

 

 

 

(0.8

)

Interest expense

 

 

2.6

 

 

 

3.4

 

 

 

12.7

 

 

 

18.7

 

Capital expenditures

 

 

16.7

 

 

 

24.1

 

 

 

6.4

 

 

 

47.2