BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

6 Months Ended

Jun. 30, 2024

Accounting Policies [Abstract]

Schedule of Property, Plant and Equipment, Useful Life

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
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:

	June 30, 2024		December 31, 2023
Land, site improvements and rights	$	182,964	$	182,319
Buildings and improvements	18,654		18,769
Bridges and tunnels	176,753		176,753
Terminal machinery and equipment	1,209,852		1,215,197
Track and track related assets	104,412		103,888
Railroad equipment	9,231		8,999
Railcars and locomotives	89,599		85,162
Computer hardware and software	19,577		16,058
Furniture and fixtures	2,065		1,887
Construction in progress	86,024		76,491
Other	22,174		21,613
	1,921,305		1,907,136
Less: Accumulated depreciation	(315,519)		(276,307)
Property, plant and equipment, net	$	1,605,786	$	1,630,829

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

	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Depreciation expense	$	17,933	$	18,121	$	36,237	$	36,094