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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues:      
Total revenue $ 1,569.4 $ 1,773.3 $ 1,556.8
Operating expenses:      
Salaries, wages and employee benefits 412.4 402.4 378.3
Operations and maintenance 168.9 162.5 147.8
Administrative 78.5 72.4 64.7
Insurance and claims 61.4 76.7 61.3
Acquisition-related transaction expenses 1.5 3.8 0.0
Depreciation and amortization 106.5 92.8 88.1
Gain on disposition of property and equipment (12.3) (21.0) (17.1)
Impairment 17.9 9.4 0.0
Restructuring 0.5 2.4 0.3
Total operating expenses 1,533.2 1,674.9 1,444.0
Income from operations 36.2 98.4 112.8
Other expense (income):      
Interest income (4.6) (2.8) (0.3)
Interest expense 52.2 35.4 33.5
Change in fair value of warrant liability 0.0 (4.7) (1.6)
Other (1.0) 0.7 (0.8)
Total other expense 46.6 28.6 30.8
Income (loss) before income taxes (10.4) 69.8 82.0
Income tax expense 7.3 19.6 26.0
Net income (loss) (17.7) 50.2 56.0
Other comprehensive income (loss):      
Foreign currency translation adjustments 0.5 (0.4) 0.0
Comprehensive income (loss) (17.2) 49.8 56.0
Net income (17.7) 50.2 56.0
Net income (loss) attributable to common stockholders $ (27.0) $ 44.5 $ 51.0
Earnings (loss) per common share:      
Basic $ (0.59) $ 0.73 $ 0.79
Diluted $ (0.59) $ 0.7 $ 0.77
Weighted-average common shares outstanding:      
Basic 45,822,936 60,459,451 63,744,456
Diluted 45,822,936 63,283,502 65,409,258
Series A      
Other comprehensive income (loss):      
Less dividends to convertible preferred stockholders $ (5.0) $ (5.0) $ (5.0)
Weighted-average common shares outstanding:      
Dividends declared per convertible preferred share $ 7.63 $ 7.63 $ 7.63
Series B perpetual preferred stock      
Other comprehensive income (loss):      
Less dividends to convertible preferred stockholders $ (4.3) $ (0.7) $ 0.0
Weighted-average common shares outstanding:      
Dividends declared per convertible preferred share $ 74.94 $ 11.46 $ 0
Company freight      
Revenues:      
Total revenue $ 654.9 $ 650.3 $ 629.7
Operating expenses:      
Purchased freight 542.0 698.0 598.5
Owner operator freight      
Revenues:      
Total revenue 422.3 509.9 486.5
Brokerage      
Revenues:      
Total revenue 242.1 321.2 269.0
Logistics      
Revenues:      
Total revenue 59.9 53.8 39.2
Fuel surcharge      
Revenues:      
Total revenue 190.2 238.1 132.4
Operating expenses:      
Fuel 139.8 159.6 107.3
Service      
Operating expenses:      
Taxes and licenses $ 16.1 $ 15.9 $ 14.8