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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues:        
Total revenue $ 351.7 $ 450.6 $ 742.7 $ 883.6
Operating expenses:        
Salaries, wages and employee benefits 99.4 124.3 209.8 243.4
Operations and maintenance 45.3 53.1 90.9 107.9
Communications 0.9 1.2 1.9 2.2
Administrative expenses 17.2 17.2 37.4 33.3
Sales and marketing 0.3 1.3 1.0 2.5
Insurance and claims 15.6 12.2 30.6 24.7
Depreciation and amortization 22.8 39.7 49.1 81.2
(Gain) loss on disposition of property and equipment 0.4 (0.7) (0.8) (1.1)
Impairment     13.4  
Restructuring charges 3.0   3.5  
Total operating expenses 339.3 445.9 738.6 878.2
Income from operations 12.4 4.7 4.1 5.4
Other expense (income):        
Interest income (0.1) (0.2) (0.4) (0.4)
Interest expense 11.0 12.7 23.0 25.4
Other (1.1) (0.7) 0.1 (1.3)
Total other expense 9.8 11.8 22.7 23.7
Income (loss) before benefit for income taxes 2.6 (7.1) (18.6) (18.3)
Provision (benefit) for income taxes 2.1 (0.7) (1.8) (2.6)
Net income (loss) 0.5 (6.4) (16.8) (15.7)
Other comprehensive income (loss):        
Foreign currency translation adjustments, net of tax of $0.1, $0.1, $(0.1) and $0.3, respectively 0.2 0.4 (0.3) 0.5
Comprehensive income (loss) 0.7 (6.0) (17.1) (15.2)
Net income (loss) 0.5 (6.4) (16.8) (15.7)
Net loss attributable to common stockholders $ (0.8) $ (7.7) $ (19.3) $ (18.2)
Net loss per common share:        
Basic and Diluted (in dollars per share) $ (0.01) $ (0.12) $ (0.30) $ (0.28)
Weighted-average common shares outstanding:        
Basic and Diluted (in shares) 64,173,164 64,523,163 64,625,347 64,496,550
Series A        
Other comprehensive income (loss):        
Less dividends to convertible preferred stockholders $ (1.3) $ (1.3) $ (2.5) $ (2.5)
Weighted-average common shares outstanding:        
Dividends declared per convertible preferred share $ 1.91 $ 1.91 $ 3.81 $ 3.81
Company freight        
Revenues:        
Total revenue $ 167.0 $ 206.9 $ 347.9 $ 413.1
Operating expenses:        
Purchased freight 112.2 156.4 246.4 303.0
Owner operator freight        
Revenues:        
Total revenue 96.0 121.7 203.8 232.7
Brokerage        
Revenues:        
Total revenue 57.9 72.8 119.6 144.2
Logistics        
Revenues:        
Total revenue 8.8 13.1 18.9 25.5
Fuel surcharge        
Revenues:        
Total revenue 22.0 36.1 52.5 68.1
Operating expenses:        
Fuel 18.2 36.2 46.9 71.2
Service        
Operating expenses:        
Taxes and licenses $ 4.0 $ 5.0 $ 8.5 $ 9.9