GOODWILL AND INTANGIBLES (Tables)

12 Months Ended

Dec. 31, 2023

GOODWILL AND INTANGIBLES

Schedule of goodwill

Goodwill by segment consists of the following as of December 31, 2023 and 2022:

	Ocean
(In millions)	Transportation		Logistics		Total
Goodwill	$	222.6	$	105.2	$	327.8

Schedule of intangible assets

	As of December 31, 2023						As of December 31, 2022
	Gross		Accumulated				Gross		Accumulated
(In millions)	Amount		Amortization		Net Book Value		Amount		Amortization		Net Book Value
Ocean Transportation - Customer relationships	$	140.6	$	57.9	$	82.7	$	140.6	$	51.2	$	89.4
Logistics:
Customer relationships		110.4		44.0		66.4		95.3		37.1		58.2
Trade name		27.3		—		27.3		27.3		—		27.3
Total Logistics		137.7		44.0		93.7		122.6		37.1		85.5
Total	$	278.3	$	101.9	$	176.4	$	263.2	$	88.3	$	174.9

Schedule of intangible asset related amortization expense

	Years Ended December 31,
(In millions)	2023		2022		2021
Amortization expense	$	13.6	$	11.4	$	10.9

Schedule of estimated amortization expenses related to intangible assets

As of December 31, 2023, estimated amortization expense related to customer relationship intangible assets during the next five years and thereafter are as follows:

	Customer
Year (in millions)	Relationships
2024	$	14.3
2025		13.6
2026		13.0
2027		13.0
2028		13.0
Thereafter		82.2
Total	$	149.1