PROPERTY, PLANT AND EQUIPMENT, NET

12 Months Ended

Dec. 31, 2022

Property, Plant and Equipment [Abstract]

PROPERTY, PLANT AND EQUIPMENT, NET

PROPERTY, PLANT AND EQUIPMENT, NET

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

	December 31,
	2022		2021
Land, site improvements and rights	$	183,640	$	149,914
Construction in progress	127,941		118,081
Buildings and improvements	19,356		19,164
Bridges and tunnels	173,868		174,889
Terminal machinery and equipment	1,141,505		962,552
Track and track related assets	100,068		100,014
Railroad equipment	8,463		8,331
Railcars and locomotives	100,200		111,574
Computer hardware and software	11,733		5,335
Furniture and fixtures	1,745		1,745
Other	11,336		10,016
	1,879,855		1,661,615
Less: Accumulated depreciation	(206,047)		(144,021)
Property, plant and equipment, net	$	1,673,808	$	1,517,594

We had net additions of property, plant and equipment of $218.2 million and $624.9 million during the years ended December 31, 2022 and 2021, respectively, which primarily consisted of terminal machinery and equipment placed in service or under development at Jefferson Terminal and assets acquired in our acquisition of Transtar in 2021.

Depreciation expense for property, plant and equipment was $62.1 million, $47.6 million, and $26.5 million during the years ended December 31, 2022, 2021 and 2020, respectively.