SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2025

Schedule of changes in the allowance for credit losses

	Balance at				Write-offs		Balance at
Year (in millions)	Beginning of Year		Expense (1)		and Other		End of Year
2025	$	9.8	$	(0.3)	$	(0.9)	$	8.6
2024	$	9.9	$	0.8	$	(0.9)	$	9.8
2023	$	13.0	$	(2.1)	$	(1.0)	$	9.9

(1) Expense is shown net of amounts recovered from previously reserved credit losses.

Schedule of prepaid expenses and other assets

	As of December 31,
Prepaid Expenses and Other Assets (in millions)	2025		2024
Vessel fuel	$	25.3	$	31.2
Prepaid insurance and insurance related receivables		21.9		19.1
Prepaid operating expenses		11.6		8.8
Other prepaid expenses		11.1		9.9
Other assets		3.3		4.9
Total	$	73.2	$	73.9

Schedule of other long-term assets

	As of December 31,
Other Long-Term Assets (in millions)	2025		2024
Pension plan assets	$	59.8	$	49.0
Vessel and equipment spare parts		19.8		15.9
Insurance related receivables		6.2		9.8
Other		10.9		4.9
Total	$	96.7	$	79.6

Schedule of estimated useful lives of property and equipment

Classification	Life
Vessels	40 years
Terminal cranes	30 years
Containers and chassis	15 years
Terminal equipment and other property	35 years

Schedule of other liabilities

	As of December 31,
Other Liabilities (in millions)	2025		2024
Employee incentives and other benefits	$	27.9	$	36.6
Payroll and vacation		36.2		36.1
Insurance reserves and other related liabilities - short term		29.3		27.2
Income tax and other tax related liabilities		6.0		8.6
Deferred revenues		5.7		5.5
Multi-employer withdrawal liabilities - short term		4.1		4.1
Other short-term liabilities		5.1		5.1
Total	$	114.3	$	123.2

Schedule of other long-term liabilities

	As of December 31,
Other Long-Term Liabilities (in millions)	2025		2024
Multi-employer withdrawal liability	$	41.9	$	44.2
Insurance reserves and other related liabilities		13.8		25.6
Pension and post-retirement liabilities		16.1		21.3
Income tax liabilities		7.0		9.1
Other long-term liabilities		9.6		9.1
Total	$	88.4	$	109.3

Ocean Transportation

Schedule of principal revenue generating activities by segment

	Years Ended December 31,
Ocean Transportation (in millions) (1)	2025		2024		2023
Ocean Transportation services	$	2,715.1	$	2,762.0	$	2,420.8
Terminal and other related services		8.6		32.0		36.9
Fuel sales		11.8		12.4		12.3
Vessel management and related services		—		3.3		7.0
Total	$	2,735.5	$	2,809.7	$	2,477.0

(1) Ocean Transportation revenue transactions are primarily denominated in U.S. dollars except for less than 3 percent of Ocean Transportation services revenue and fuel sales revenue categories which are denominated in foreign currencies.

Logistics

Schedule of principal revenue generating activities by segment

	Years Ended December 31,
Logistics (in millions) (1)	2025		2024		2023
Transportation Brokerage and Freight Forwarding services	$	537.6	$	538.1	$	546.8
Warehousing services		39.1		40.0		42.5
Supply Chain Management services		32.3		34.0		28.3
Total	$	609.0	$	612.1	$	617.6

(1) Logistics revenue transactions are primarily denominated in U.S. dollars except for less than 3 percent of Transportation Brokerage and Freight Forwarding services revenue, and Supply Chain Management services revenue categories which are denominated in foreign currencies.