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Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2025

Segment Reporting [Abstract]

Schedule of Information About Our Reportable Segments

The following table summarizes information about our reportable segments:

Year ended December 31, 2025		Company Drivers				Subhauler				Total
Revenue
Revenue, before fuel surcharge		$	143,603,890			$	253,023,569			$	396,627,459
Fuel surcharge and other reimbursements			9,185,508				16,702,249				25,887,757
Other Revenue			1,809,337				2,574,537				4,383,874
Lease Revenue			-				3,526,084				3,526,084
Segment Revenue		$	154,598,735			$	275,826,439			$	430,425,174
Total consolidated										$	430,425,174
Less:
Salaries, wages and benefits			60,409,154				19,791,925				80,201,079
Fuel and fuel taxes			25,757,819				-				25,757,819
Purchased transportation			-				215,153,626				215,153,626
Truck expenses			25,549,240				-				25,549,240
Depreciation			21,683,313				7,754,747				29,438,060
Goodwill & Intangible Impairment			-				27,787,000				27,787,000
Other segment items⁽¹⁾			13,852,354				17,774,454				31,626,808
Segment Operating profit/(loss)		$	7,346,855			$	(12,435,313	)		$	(5,088,458	)
Reconciliation of segment operating profit to income before income taxes:
Other profit/(loss)⁽²⁾										$	(30,246,424	)
Interest Expense											(6,588,973	)
Acquisition Costs											(438,514	)
Earn Out Contingency Gain / Loss											(1,243,171	)
Other Income, net											364,326
Income Before Income Taxes										$	(43,241,214	)

Other Segment Disclosures:
Depreciation and amortization⁽³⁾		$	21,683,313			$	7,754,747			$	29,438,060
Intangible amortization⁽²⁾											9,779,749
Consolidated Depreciation and Amortization										$	39,217,809

⁽¹⁾	Other segment items for each reportable segment include General, selling, and other operating expenses, Gain on sale of equipment and Insurance premiums and claims.

⁽²⁾

Other profit/(loss) relates to items not included within the Company’s measure of Segment Operating profit / (loss), these include corporate and unallocated expenses which were not included within the measures of segment profitability regularly reviewed by the CODM. These include $5,041,528 in Salaries, wages and benefits, $5,527,316 in Stock Based Compensation, $88,321 in Depreciation and amortization, $9,779,749 in Intangible Amortization, $4,226,175 in Insurance Premiums and Claims, and $5,583,335 in General Selling, and other Operating expenses.

⁽³⁾	The amounts of depreciation and amortization disclosed by reportable segment are included within the other segment items captions.

Year ended December 31, 2024		Company Drivers				Subhauler				Total
Revenue
Revenue, before fuel surcharge		$	80,364,399			$	141,690,607			$	222,055,006
Fuel surcharge and other reimbursements			5,907,191				10,395,695				16,302,886
Other Revenue			995,507				513,711				1,509,218
Lease Revenue			-				987,417				987,417
Segment Revenue		$	87,267,097			$	153,587,430			$	240,854,527
Total consolidated										$	240,854,527
Less:
Salaries, wages and benefits			30,842,256				11,903,783				42,746,039
Fuel and fuel taxes			16,128,862				-				16,128,862
Purchased transportation			-				119,908,760				119,908,760
Truck expenses			12,952,229				-				12,952,229
Depreciation			11,282,400				4,411,237				15,693,637
Other segment items⁽¹⁾			10,582,496				9,046,245				19,628,741
Segment Operating profit/(loss)		$	5,478,854			$	8,317,405			$	13,796,259
Reconciliation of segment operating profit to income before income taxes:
Other profit/(loss)⁽²⁾										$	(21,688,800	)
Interest Expense											(4,007,661	)
Acquisition Costs											(1,226,915	)
Earn Out Contingency Gain / Loss											3,095,114
Other Income, net											311,351
Income Before Income Taxes										$	(9,720,652	)

Other Segment Disclosures:
Depreciation and amortization⁽³⁾		$	11,282,400			$	4,411,237			$	15,693,637
Intangible amortization⁽²⁾											5,714,748
Consolidated Depreciation and Amortization										$	21,408,385

⁽¹⁾	Other segment items for each reportable segment include General, selling, and other operating expenses, Gain on sale of equipment and Insurance premiums and claims.

⁽²⁾

Other profit/(loss) relates to items not included within the Company’s measure of Segment Operating profit / (loss), these include corporate and unallocated expenses which were not included within the measures of segment profitability regularly reviewed by the CODM. These include $2,894,687 in Salaries, wages and benefits, $8,883,142 in Stock Based Compensation, $5,388 in Depreciation and amortization, $5,709,360 in Intangible Amortization, $757,028 in Insurance Premiums and Claims, and $3,439,195 in General Selling, and other Operating expenses.

⁽³⁾	The amounts of depreciation and amortization disclosed by reportable segment are included within the other segment items captions.

Predecessor
For the period from January 1 to May 12, 2024		Company Drivers				Subhauler				Total
Revenue
Revenue, before fuel surcharge		$	6,749,129			$	32,198,658			$	38,947,787
Fuel surcharge and other reimbursements			819,998				1,253,089				2,073,087
Other Revenue			-				-				-
Lease Revenue			-				196,814				196,814
Segment Revenue		$	7,569,127			$	33,648,561			$	41,217,688
Total consolidated										$	41,217,688
Less:
Salaries, wages and benefits			5,328,667				22,155,104				27,483,771
Fuel and fuel taxes			1,119,549				-				1,119,549
Purchased transportation			-				25,995,763				25,995,763
Truck expenses			1,886,793				-				1,886,793
Depreciation & Amortization			872,783				62,205				934,988
Other segment items⁽¹⁾			986,536				3,830,253				4,816,789
Segment Operating profit/(loss)		$	(2,625,201	)		$	(18,394,764	)		$	(21,019,965	)
Reconciliation of segment operating profit to income before income taxes:
Interest Expense											(717,431	)
Other Income, net											2,078
Income Before Income Taxes										$	(21,735,318	)

Other Segment Disclosures:
Depreciation and amortization⁽³⁾		$	872,783			$	62,205			$	934,988
Consolidated Depreciation and Amortization										$	934,988

⁽¹⁾	Other segment items for each reportable segment include General, selling, and other operating expenses, Gain on sale of equipment and Insurance premiums and claims.

⁽²⁾	The amounts of depreciation and amortization disclosed by reportable segment are included within the other segment items captions.

Predecessor
Year ended December 31, 2023		Company Drivers				Subhaulers				Total
Revenue
Revenue, before fuel surcharge		$	38,475,802			$	87,961,558			$	126,437,360
Fuel surcharge and other reimbursements			4,927,753				4,390,880				9,318,633
Other Revenue			-				-				-
Lease Revenue							-				-
Segment Revenue		$	43,403,555			$	92,352,438			$	135,755,993
Total consolidated										$	135,755,993
Less:
Salaries, wages and benefits			14,410,374				6,025,092				20,435,466
Fuel and fuel taxes			4,461,319				-				4,461,319
Purchased transportation			11,326,888				72,516,409				83,843,297
Truck expenses			7,038,979				(316	)			7,038,663
Depreciation			2,347,084				176,887				2,523,971
Other segment items⁽¹⁾			3,529,522				3,570,301				7,099,823
Segment Operating profit/(loss)		$	289,389			$	10,064,065			$	10,353,454
Reconciliation of segment operating profit to income before income taxes:
Interest Expense											(953,667	)
Income Before Income Taxes										$	9,399,787

Other Segment Disclosures:
Depreciation and amortization⁽³⁾		$	2,347,084			$	176,887			$	2,523,971
Consolidated Depreciation and Amortization										$	2,523,971

⁽¹⁾	Other segment items for each reportable segment include General, selling, and other operating expenses, Gain on sale of equipment and Insurance premiums and claims.

⁽²⁾	General, selling, and other operating expenses not attributable to operating segments. These amounts relate to corporate overhead and other activities not attributable to a reporting segment.

⁽³⁾	The amounts of depreciation and amortization disclosed by reportable segment are included within the other segment items captions.