REPORTABLE SEGMENTS (Tables)

12 Months Ended

Dec. 31, 2025

REPORTABLE SEGMENTS

Schedule of reportable segment financial information

	Year Ended						Year Ended						Year Ended
	December 31, 2025						December 31, 2024						December 31, 2023
(In millions)	Ocean Transportation		Logistics		Total		Ocean Transportation		Logistics		Total		Ocean Transportation		Logistics		Total
Operating Revenue (1)(2)	$	2,735.5	$	609.0	$	3,344.5	$	2,809.7	$	612.1	$	3,421.8	$	2,477.0	$	617.6	$	3,094.6
Operating Expenses:
Operating costs:
Direct cargo expense		(999.3)		—		(999.3)		(980.1)		—		(980.1)		(946.2)		—		(946.2)
Vessel operating expense		(593.8)		—		(593.8)		(610.5)		—		(610.5)		(580.4)		—		(580.4)
Operating overhead (3)		(329.1)		—		(329.1)		(329.1)		—		(329.1)		(297.7)		—		(297.7)
Direct operating costs		—		(494.0)		(494.0)		—		(493.1)		(493.1)		—		(504.2)		(504.2)
Depreciation and amortization		(154.0)		(12.9)		(166.9)		(141.1)		(12.0)		(153.1)		(130.6)		(11.6)		(142.2)
Total operating costs		(2,076.2)		(506.9)		(2,583.1)		(2,060.8)		(505.1)		(2,565.9)		(1,954.9)		(515.8)		(2,470.7)
Income (Loss) from SSAT		32.5		—		32.5		(1.0)		—		(1.0)		2.2		—		2.2
General and administrative		(236.2)		(57.9)		(294.1)		(247.0)		(56.6)		(303.6)		(229.5)		(53.8)		(283.3)
Total Costs and Expenses		(2,279.9)		(564.8)		(2,844.7)		(2,308.8)		(561.7)		(2,870.5)		(2,182.2)		(569.6)		(2,751.8)
Operating Income:	$	455.6	$	44.2		499.8	$	500.9	$	50.4		551.3	$	294.8	$	48.0		342.8
Interest income						31.7						48.3						36.0
Interest expense						(6.8)						(7.5)						(12.2)
Other income (expense), net						9.1						7.3						6.4
Income before Taxes						533.8						599.4						373.0
Income taxes						(89.0)						(123.0)						(75.9)
Net Income					$	444.8					$	476.4					$	297.1
Capital Expenditures (4)	$	386.1	$	7.3	$	393.4	$	298.9	$	11.2	$	310.1	$	240.2	$	8.2	$	248.4

(1) Ocean Transportation operating revenue excludes inter-segment revenue of $92.5 million, $92.8 million and $76.5 million for the years ended December 31, 2025, 2024 and 2023, respectively.

(2) Logistics operating revenue excludes inter-segment revenue of $144.6 million, $153.0 million and $132.2 million for the years ended December 31, 2025, 2024 and 2023, respectively.

(3) Ocean Transportation operating overhead includes dry-docking amortization of $28.9 million, $27.2 million and $25.3 million for the year ended December 31, 2025, 2024 and 2023, respectively.

(4) Capital expenditures represent amounts included in cash flows from investing activities in the Company’s Consolidated Statement of Cash Flows for the years presented. These amounts exclude the impact of accrued capital expenditures of $2.3 million, $7.9 million and $10.8 million as of December 31, 2025, 2024 and 2023, respectively.