PROPERTY, PLANT AND EQUIPMENT, NET (Tables)

9 Months Ended

Sep. 30, 2022

Property, Plant and Equipment [Abstract]

Property, plant and equipment and leasing equipment are stated at cost (inclusive of capitalized acquisition costs, where applicable) and depreciated using the straight-line method, over their estimated useful lives, to estimated residual values which are summarized as follows:


Asset	Range of Estimated Useful Lives	Residual Value Estimates
Railcars and locomotives	40 - 50 years from date of manufacture	Scrap value at end of useful life
Track and track related assets	15 - 50 years from date of manufacture	Scrap value at end of useful life
Land, site improvements and rights	N/A	N/A
Bridges and tunnels	15 - 55 years	Scrap value at end of useful life
Buildings and site improvements	20 - 30 years	Scrap value at end of useful life
Railroad equipment	3 - 15 years from date of manufacture	Scrap value at end of useful life
Terminal machinery and equipment	15 - 25 years from date of manufacture	Scrap value at end of useful life
Vehicles	5 - 7 years from date of manufacture	Scrap value at end of useful life
Furniture and fixtures	3 - 6 years from date of purchase	None
Computer hardware and software	2 - 5 years from date of purchase	None
Construction in progress	N/A	N/A

Property, plant and equipment, net is summarized as follows:




	September 30, 2022		December 31, 2021
Land, site improvements and rights	$	175,121	$	149,914
Construction in progress	254,246		118,081
Buildings and improvements	19,334		19,164
Bridges and Tunnels	173,868		174,889
Terminal machinery and equipment	974,517		962,552

Track and track related assets	100,068		100,014
Railroad equipment	8,433		8,331
Railcars and locomotives	102,795		111,574
Computer hardware and software	11,171		5,335
Furniture and fixtures	1,745		1,745
Other	10,014		10,016
	1,831,312		1,661,615
Less: Accumulated depreciation	(189,939)		(144,021)
Property, plant and equipment, net	$	1,641,373	$	1,517,594

Depreciation expense for property, plant and equipment is summarized as follows:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021

Depreciation expense	$	15,963	$	15,184	$	45,966	$	34,624