Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2025

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

The tables below provide information about the Company’s reportable segment:

	Three Months Ended September 30,				Nine Months Ended September 30,
(In millions)	2025		2024		2025		2024
Revenue	$	1,421	$	1,040	$	4,273	$	2,883
Less:
Cost of transportation and services (exclusive of depreciation and amortization)	1,137		809		3,408		2,208
Direct operating expense (exclusive of depreciation and amortization)	48		49		143		152
Sales, general and administrative expense (1)	197		149		602		436
Other expense	1		(1)		1		—
Segment adjusted EBITDA	$	38	$	34	$	119	$	87
Unallocated corporate expenses	8		—		27		9
Depreciation and amortization expense	26		21		88		54
Transaction and integration costs	5		30		18		38
Restructuring and other costs	7		2		24		18
Other expense	(2)		217		—		217
Interest expense, net	9		6		26		22
Consolidated loss before income taxes	$	(15)	$	(242)	$	(64)	$	(271)

Excludes unallocated corporate expenses and other costs.

Reconciliation of Assets from Segment to Consolidated

(In millions)	September 30, 2025		December 31, 2024
Segment assets	$	3,144	$	3,345
Corporate assets	57		69
Total assets	$	3,201	$	3,414