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GOODWILL AND INTANGIBLE ASSETS
 12 Months Ended
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND INTANGIBLE ASSETS GOODWILL AND INTANGIBLE ASSETS
The following table presents goodwill by segment (in thousands):
TTSWerner LogisticsTotal
Balance as of December 31, 2022$53,897 $78,820 $132,717 
Purchase accounting adjustments (1)
(7,841)4,228 (3,613)
Balance as of December 31, 2023$46,056 $83,048 $129,104 
Balance as of December 31, 2024$46,056 $83,048 $129,104 
(1) The purchase accounting adjustments consist of post-closing adjustments related to net assets assumed in the acquisition of ReedTMS.
The following table presents acquired intangible assets (in thousands):
December 31,
20242023
Gross
Carrying
Amount		Accumulated
Amortization		Net
Carrying
Amount		Gross
Carrying
Amount		Accumulated
Amortization		Net
Carrying
Amount
Customer relationships$80,200 $(22,009)$58,191 $80,200 $(13,989)$66,211 
Trade names24,600 (6,384)18,216 24,600 (4,334)20,266 
Total intangible assets$104,800 $(28,393)$76,407 $104,800 $(18,323)$86,477 
Amortization expense on intangible assets was $10.1 million, $10.3 million, and $6.1 million for the years ended December 31, 2024, 2023, and 2022, respectively, and is reported in depreciation and amortization on the consolidated statements of income.
As of December 31, 2024, the estimated future amortization expense for intangible assets by year is as follows (in thousands):
2025$10,070 
202610,070 
202710,070 
202810,070 
202910,070 
Thereafter (to 2034)26,057 
Total$76,407