GOODWILL AND INTANGIBLE ASSETS (Tables)

12 Months Ended

Dec. 31, 2025

GOODWILL AND INTANGIBLE ASSETS

Schedule of goodwill

	As of December 31, 2025						As of December 31, 2024
	Ocean						Ocean
(In millions)	Transportation		Logistics		Total		Transportation		Logistics		Total
Goodwill	$	222.6	$	105.2	$	327.8	$	222.6	$	105.2	$	327.8

Schedule of intangible assets

	As of December 31, 2025						As of December 31, 2024
	Gross		Accumulated				Gross		Accumulated
(In millions)	Amount		Amortization		Net Book Value		Amount		Amortization		Net Book Value
Ocean Transportation - Customer relationships	$	140.6	$	71.0	$	69.6	$	140.6	$	64.4	$	76.2
Logistics:
Customer relationships		106.6		56.9		49.7		106.2		50.3		55.9
Trade name		27.3		—		27.3		27.3		—		27.3
Total Logistics		133.9		56.9		77.0		133.5		50.3		83.2
Total	$	274.5	$	127.9	$	146.6	$	274.1	$	114.7	$	159.4

Schedule of intangible asset related amortization expense

	Years Ended December 31,
(In millions)	2025		2024		2023
Amortization expense	$	13.2	$	12.8	$	13.6

Schedule of estimated amortization expenses related to intangible assets

As of December 31, 2025, estimated amortization expense related to customer relationship intangible assets are as follows:

	Customer
Year (in millions)	Relationships
2026	$	12.5
2027		12.6
2028		12.5
2029		12.5
2030		10.9
Thereafter		58.3
Total	$	119.3