GOODWILL AND INTANGIBLES (Tables)

12 Months Ended

Dec. 31, 2024

GOODWILL AND INTANGIBLES

Schedule of goodwill

Goodwill by segment consists of the following as of December 31, 2024 and 2023:

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

Schedule of intangible assets

	As of December 31, 2024						As of December 31, 2023
	Gross		Accumulated				Gross		Accumulated
(In millions)	Amount		Amortization		Net Book Value		Amount		Amortization		Net Book Value
Ocean Transportation - Customer relationships	$	140.6	$	64.4	$	76.2	$	140.6	$	57.9	$	82.7
Logistics:
Customer relationships		106.2		50.3		55.9		110.4		44.0		66.4
Trade name		27.3		—		27.3		27.3		—		27.3
Total Logistics		133.5		50.3		83.2		137.7		44.0		93.7
Total	$	274.1	$	114.7	$	159.4	$	278.3	$	101.9	$	176.4

Schedule of intangible asset related amortization expense

	Years Ended December 31,
(In millions)	2024		2023		2022
Amortization expense	$	12.8	$	13.6	$	11.4

Schedule of estimated amortization expenses related to intangible assets

As of December 31, 2024, estimated amortization expense related to customer relationship intangible assets during the next five years and thereafter are as follows:

	Customer
Year (in millions)	Relationships
2025	$	13.0
2026		12.5
2027		12.6
2028		12.5
2029		12.5
Thereafter		69.0
Total	$	132.1