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GOODWILL AND INTANGIBLE ASSETS
12 Months Ended
Dec. 31, 2025
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, 2025 and 2024$46,056 $83,048 $129,104 
The following table presents acquired intangible assets (in thousands):
December 31,
20252024
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Customer relationships (1)
$60,000 $(20,939)$39,061 $80,200 $(22,009)$58,191 
Trade names (1)
7,600 (2,058)5,542 24,600 (6,384)18,216 
Total intangible assets$67,600 $(22,997)$44,603 $104,800 $(28,393)$76,407 
(1) During 2025, as a result of a restructuring of our One-Way Truckload operating segment, we recorded net impairment charges of $11.1 million and $10.6 million related to certain customer relationships and trade names, respectively. These charges were recorded in restructuring and impairment on the consolidated statements of income. See Note 13 – Restructuring and Impairment Costs for further information regarding these impairment charges.
Amortization expense on intangible assets was $10.1 million, $10.1 million, and $10.3 million for the years ended December 31, 2025, 2024, and 2023, respectively, and is reported in depreciation and amortization on the consolidated statements of income.
As of December 31, 2025, we estimate future amortization expense for intangible assets by year is as follows (in thousands):
2026$6,633 
20276,633 
20286,633 
20296,633 
20306,633 
Thereafter (to 2034)11,438 
Total$44,603