Business Segment Information (Tables)

6 Months Ended

Jun. 30, 2024

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

Financial information regarding the Company’s operations by geographic area is as follows:

	UNITED STATES		OTHER NORTH AMERICA		LATIN AMERICA		NORTH ASIA		SOUTH ASIA		EUROPE		MIDDLE EAST, AFRICA AND INDIA		ELIMI- NATIONS			CONSOLI- DATED
For the three months ended June 30, 2024:
Revenues	$	779,170		110,723		45,314		637,351		287,943		409,455		170,349		(1,304	)		2,439,001
Directly related cost of transportation    and other expenses1	$	423,102		65,374		24,640		512,146		223,238		262,451		128,949		(492	)		1,639,408
Salaries and other operating expenses2	$	263,675		34,339		14,551		70,762		43,084		119,713		30,352		(802	)		575,674
Operating income	$	92,393		11,010		6,123		54,443		21,621		27,291		11,048		(10	)		223,919
Identifiable assets at period end	$	2,566,053		173,764		93,967		626,892		336,598		738,068		284,672		(31,673	)		4,788,341
Capital expenditures	$	2,948		575		129		355		1,955		1,094		887		—			7,943
Equity	$	1,546,936		32,700		41,135		163,913		129,886		151,165		153,155		(40,463	)		2,178,427
For the three months ended June 30, 2023:
Revenues	$	805,948		110,255		49,972		510,027		199,868		440,916		123,972		(1,206	)		2,239,752
Directly related cost of transportation    and other expenses1	$	426,121		69,108		29,428		387,973		134,477		288,808		83,890		(623	)		1,419,182
Salaries and other operating expenses2	$	256,277		34,793		16,265		68,290		44,048		125,196		27,820		(616	)		572,073
Operating income	$	123,550		6,354		4,279		53,764		21,343		26,912		12,262		33			248,497
Identifiable assets at period end	$	2,553,553		192,362		115,458		495,229		213,026		748,449		258,849		(12,886	)		4,564,040
Capital expenditures	$	6,623		161		46		352		168		2,336		795		—			10,481
Equity	$	1,873,220		45,252		59,289		220,638		93,476		146,174		158,133		(38,078	)		2,558,104
	UNITED STATES		OTHER NORTH AMERICA		LATIN AMERICA		NORTH ASIA		SOUTH ASIA		EUROPE		MIDDLE EAST, AFRICA AND INDIA		ELIMI- NATIONS			CONSOLI- DATED
For the six months ended June 30, 2024:
Revenues	$	1,530,713		217,573		89,806		1,182,292		515,662		807,772		304,455		(2,594	)		4,645,679
Directly related cost of transportation    and other expenses1	$	827,051		132,084		49,104		938,620		387,262		516,970		222,741		(1,144	)		3,072,688
Salaries and other operating expenses2	$	519,383		67,423		31,315		138,022		83,996		236,801		58,816		(1,460	)		1,134,296
Operating income	$	184,279		18,066		9,387		105,650		44,404		54,001		22,898		10			438,695
Identifiable assets at period end	$	2,566,053		173,764		93,967		626,892		336,598		738,068		284,672		(31,673	)		4,788,341
Capital expenditures	$	8,476		1,974		282		637		2,099		3,312		1,344		—			18,124
Equity	$	1,546,936		32,700		41,135		163,913		129,886		151,165		153,155		(40,463	)		2,178,427
For the six months ended June 30, 2023:
Revenues	$	1,751,442		220,105		104,667		1,092,448		423,995		975,380		266,675		(2,371	)		4,832,341
Directly related cost of transportation    and other expenses1	$	966,078		138,313		61,730		840,315		292,100		661,068		179,839		(1,159	)		3,138,284
Salaries and other operating expenses2	$	523,960		70,617		35,767		139,430		90,846		252,568		57,652		(1,249	)		1,169,591
Operating income	$	261,404		11,175		7,170		112,703		41,049		61,744		29,184		37			524,466
Identifiable assets at period end	$	2,553,553		192,362		115,458		495,229		213,026		748,449		258,849		(12,886	)		4,564,040
Capital expenditures	$	12,067		630		276		942		335		5,319		1,038		—			20,607
Equity	$	1,873,220		45,252		59,289		220,638		93,476		146,174		158,133		(38,078	)		2,558,104

1Directly 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.

2Salaries and other operating expenses totals salaries and related, rent and occupancy, depreciation and amortization, selling and promotion and other as shown in the condensed consolidated statements of earnings.