Commitments, Contingencies and Uncertainties

6 Months Ended

Jun. 30, 2018

Commitments and Contingencies Disclosure [Abstract]

Commitments, Contingencies and Uncertainties

Commitments, Contingencies and Uncertainties

Leases

As of June 30, 2018, our operating lease payment obligations through 2030 totaled $411.5 million and are expected to increase as we lease additional revenue equipment. Additionally, for the six months ended June 30, 2018, we entered into new operating leases for revenue equipment totaling $108.9 million in future lease payments, payable over an average lease term of four years.

Other Legal Matters

We are involved in litigation or proceedings that arise in ordinary business activities. When possible, we insure against these risks to the extent we deem prudent, but no assurance can be given that the nature or amount of such insurance will be sufficient to fully indemnify us against liabilities arising out of pending and future legal proceedings. Many of these insurance policies contain self-insured retentions in amounts we deem prudent. Based on our current assessment of information available as of the date of these consolidated financial statements, we believe that our consolidated financial statements include adequate provisions for estimated costs and losses that may be incurred within the litigation and proceedings to which we are a party.