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GOODWILL AND INTANGIBLE ASSETS (Tables)
12 Months Ended
Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Changes in Carrying Amount of Goodwill

The summary of changes in the carrying amount of goodwill for the years ended December 31, 2023 and 2022 are as follows (in millions):

 

 

 

Flatbed
Solutions Segment

 

 

Specialized Solutions Segment

 

 

Total

 

Goodwill balance at January 1, 2022

 

$

59.3

 

 

$

80.8

 

 

$

140.1

 

Goodwill acquired

 

 

 

 

 

3.4

 

 

 

3.4

 

Impairment

 

 

 

 

 

(5.7

)

 

 

(5.7

)

Foreign currency translation adjustment

 

 

 

 

 

(0.5

)

 

 

(0.5

)

Goodwill balance at December 31, 2022

 

 

59.3

 

 

 

78.0

 

 

 

137.3

 

Impairment

 

 

 

 

 

(13.3

)

 

 

(13.3

)

Foreign currency translation adjustment

 

 

 

 

 

0.2

 

 

 

0.2

 

Goodwill balance at December 31, 2023

 

$

59.3

 

 

$

64.9

 

 

$

124.2

 

Schedule of Intangible Assets

Intangible assets consisted of the following at December 31, 2023 and 2022 (in millions):

 

 

 

As of December 31, 2023

 

 

As of December 31, 2022

 

 

 

Intangible

 

 

Accumulated

 

 

Intangible

 

 

Intangible

 

 

Accumulated

 

 

Intangible

 

 

 

Assets

 

 

Amortization

 

 

Assets, net

 

 

Assets

 

 

Amortization

 

 

Assets, net

 

Non-competition agreements

 

$

22.2

 

 

$

(21.7

)

 

$

0.5

 

 

$

21.3

 

 

$

(21.2

)

 

$

0.1

 

Customer relationships

 

 

89.8

 

 

 

(65.1

)

 

 

24.7

 

 

 

90.3

 

 

 

(59.2

)

 

 

31.1

 

Trade names

 

 

45.5

 

 

 

 

 

 

45.5

 

 

 

48.4

 

 

 

 

 

 

48.4

 

Licenses

 

 

1.0

 

 

 

 

 

 

1.0

 

 

 

1.0

 

 

 

 

 

 

1.0

 

Foreign currency translation adjustment

 

 

0.1

 

 

 

 

 

 

0.1

 

 

 

 

 

 

 

 

 

 

Total intangible assets

 

$

158.6

 

 

$

(86.8

)

 

$

71.8

 

 

$

161.0

 

 

$

(80.4

)

 

$

80.6

 

Schedule of Future Estimated Amortization Expense

Future estimated amortization expense is as follows (in millions):

 

 

 

Non-competition

 

 

Customer

 

Year ending December 31,

 

Agreements

 

 

Relationships

 

2024

 

$

0.5

 

 

$

4.0

 

2025

 

 

 

 

 

3.2

 

2026

 

 

 

 

 

2.8

 

2027

 

 

 

 

 

2.8

 

2028

 

 

 

 

 

2.7

 

Thereafter

 

 

 

 

 

9.2

 

Total

 

$

0.5

 

 

$

24.7