Lease Obligations

9 Months Ended

Sep. 30, 2026

Leases [Abstract]

Operating Leases

Lease Obligations

Operating lease right-of-use assets associated with terminal leases was $14.3 million as of September 30, 2026. The operating

leases have a weighted average interest rate of 5.5% at September 30, 2026, due in monthly installments with final maturities at various dates ranging from April 2027 to June 2031 with the weighted average remaining lease term of 4.0 years. The remaining revenue equipment operating leases from the Smith Transport acquisition were eliminated during the nine months ended September 30, 2026.

Our future minimum lease payments as of September 30, 2026, are summarized as follows:

(in thousands)	Operating
2026 (remaining)	$	1,052
2027	3,977
2028	4,180
2029	3,570
2030	2,513
2031	697
Total minimum lease payments	15,989
Less: future payment amount for interest	1,698
Present value of minimum lease payments	$	14,291
Less: current portion	3,287
Lease obligations, long-term	$	11,004