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Condensed Consolidated Statements of Earnings - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenues:        
Revenue from Contract with Customer, Excluding Assessed Tax $ 2,651,885 $ 2,439,001 $ 5,318,304 $ 4,645,679
Operating Expenses:        
Directly related cost of transportation and other expenses [1] 1,753,357 1,639,408 3,530,032 3,072,688
Salaries and related costs 471,336 426,431 929,273 839,593
Rent and occupancy 65,741 59,597 130,084 120,849
Depreciation and amortization 13,847 14,979 28,451 30,140
Selling and promotion 9,928 7,998 18,502 14,777
Other 89,940 66,669 168,368 128,937
Total operating expenses 2,404,149 2,215,082 4,804,710 4,206,984
Operating income 247,736 223,919 513,594 438,695
Other Income (Expense):        
Interest income 9,183 11,904 18,367 26,782
Other, net 1,050 98 1,889 3,626
Other income, net 10,233 12,002 20,256 30,408
Earnings before income taxes 257,969 235,921 533,850 469,103
Income tax expense 74,050 60,770 145,832 123,552
Net earnings 183,919 175,151 388,018 345,551
Less net earnings (losses) attributable to the noncontrolling interest 345 (318) 649 930
Net earnings attributable to shareholders $ 183,574 $ 175,469 $ 387,369 $ 344,621
Diluted earnings attributable to shareholders per share $ 1.34 $ 1.24 $ 2.82 $ 2.41
Basic earnings attributable to shareholders per share $ 1.35 $ 1.24 $ 2.83 $ 2.43
Weighted average diluted shares outstanding 136,631 141,716 137,537 142,928
Weighted average basic shares outstanding 136,266 141,013 137,045 142,104
Airfreight services        
Revenues:        
Revenue from Contract with Customer, Excluding Assessed Tax $ 951,787 $ 860,323 $ 1,853,547 $ 1,619,697
Operating Expenses:        
Directly related cost of transportation and other expenses 698,402 645,168 1,346,896 1,182,759
Ocean freight and ocean services        
Revenues:        
Revenue from Contract with Customer, Excluding Assessed Tax 675,782 651,675 1,457,447 1,222,461
Operating Expenses:        
Directly related cost of transportation and other expenses 483,475 478,121 1,057,376 892,104
Customs brokerage and other services        
Revenues:        
Revenue from Contract with Customer, Excluding Assessed Tax 1,024,316 927,003 2,007,310 1,803,521
Operating Expenses:        
Directly related cost of transportation and other expenses $ 571,480 $ 516,119 $ 1,125,760 $ 997,825
[1] Directly related cost of transportation and other expenses totals operating expenses from airfreight services, ocean freight and ocean services and customs brokerage and other services as shown in the condensed consolidated statements of earnings.