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NOTES RECEIVABLE
12 Months Ended
Dec. 31, 2025
Receivables [Abstract]  
NOTES RECEIVABLE NOTES RECEIVABLE
We provide financing to some individuals who want to become independent contractors by purchasing a tractor from us and leasing their services to us. We maintain a primary security interest in the tractor until the independent contractor pays the note balance in full. On January 24, 2023, we purchased a $25.0 million subordinated promissory note from MLSI with a maturity date of January 24, 2030. The proceeds of the promissory note may be used by MLSI for working capital and general business purposes, including a limited amount for possible repayment of certain advances. There are no scheduled principal payments due on the promissory note until the maturity date, and interest accrues at 7.5% compounded annually, with the first accrued interest payment due on January 24, 2028, and at the end of each calendar year thereafter. The independent contractor notes receivable and other notes receivable are included in other current assets and other non-current assets in the consolidated balance sheets. The MLSI subordinated promissory note is included in other non-current assets in the consolidated balance sheets. The following table presents our notes receivable (in thousands):
 December 31,
 20252024
Independent contractor notes receivable$6,869 $5,812 
MLSI subordinated promissory note25,000 25,000 
Other notes receivable7,725 7,559 
Notes receivable39,594 38,371 
Less current portion3,614 2,548 
Notes receivable – non-current$35,980 $35,823 
We also provide financing to some individuals who attended our driver training schools. The student notes receivable is included in other receivables and other non-current assets in the consolidated balance sheets. The following table presents our student notes receivable (in thousands):
December 31,
20252024
Student notes receivable$71,475 $68,546 
Allowance for doubtful student notes receivable(19,371)(21,662)
Total student notes receivable, net of allowance52,104 46,884 
Less current portion, net of allowance8,440 13,206 
Student notes receivable – non-current$43,664 $33,678