Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2025

Segment Reporting [Abstract]

Schedule of Segment Information

Segment results from operations for the three and six months ended June 30, 2025 and 2024 are as follows:

For the Three Months Ended June 30, 2025	Expedited Freight		Omni Logistics		Intermodal		Corporate		Consolidated
External revenues	$	231,823	$	328,316	$	58,847	$	(142)	$	618,844
Intersegment revenues	25,873		—		299		—		26,172
	257,696		328,316		59,146		(142)		645,016
Reconciliation of revenue
Elimination of intersegmental revenues									(26,172)
Total consolidated revenues									$	618,844
Less:
Purchase transportation	124,448		185,040		20,049		(65)
Salaries, wages and employee benefits	53,938		61,584		15,385		14,583
Operating leases	17,355		25,686		5,336		1,128
Depreciation and amortization	10,357		22,419		4,502		(472)
Insurance and claims	10,693		1,248		3,147		448
Fuel expense	2,518		888		1,857		15
Other operating expenses	18,892		24,265		4,455		(4,205)
Segment profit (loss)	19,495		7,186		4,415		(11,574)		19,522
Reconciliation of segment profit or loss
Interest expense, net									(45,326)
Foreign exchange loss (gain)									(4,653)
Other (expense) income, net									(6,656)
Loss before income taxes									$	(37,113)

For the Three Months Ended June 30, 2024	Expedited Freight		Omni Logistics		Intermodal		Corporate		Consolidated
External revenues	$	272,600	$	311,856	$	59,210	$	—	$	643,666
Intersegment revenues	18,682		—		89		—		18,771
	291,282		311,856		59,299		—		662,437
Reconciliation of revenue
Elimination of intersegmental revenues									(18,771)
Total consolidated revenues									$	643,666
Less:
Purchase transportation	142,512		178,674		19,173		(1)
Salaries, wages and employee benefits	63,845		57,536		14,899		7,720
Operating leases	14,730		26,751		4,776		1
Depreciation and amortization	10,692		33,235		4,712		—
Insurance and claims	10,969		2,845		2,619		(1,735)
Fuel expense	2,434		1,182		2,243		—
Other operating expenses	24,154		24,790		5,560		11,162
Impairment of goodwill	—		1,092,714		—		—
Segment profit (loss)	21,946		(1,105,871)		5,317		(17,147)		(1,095,755)
Reconciliation of segment profit or loss
Interest expense, net									(47,265)
Foreign exchange loss (gain)									1,567
Other (expense) income, net									40
Loss before income taxes									$	(1,141,413)

Revenue from the individual services within the Expedited Freight segment for the three and six months ended June 30, 2025 and 2024 are as follows:

	Three Months Ended				Six Months Ended
	June 30, 2025		June 30, 2024		June 30, 2025		June 30, 2024
Expedited Freight revenues:
Network	$	193,829	$	223,334	$	383,991	$	437,827
Truckload	42,636		44,678		81,891		81,732
Other	21,231		23,270		41,195		45,018
Total	$	257,696	$	291,282	$	507,077	$	564,577

For the Six Months Ended June 30, 2025	Expedited Freight		Omni Logistics		Intermodal		Corporate		Consolidated
External revenues	$	459,019	$	651,786	$	121,320	$	—	$	1,232,125
Intersegment revenues	48,058		—		318		—		48,376
	507,077		651,786		121,638		—		1,280,501
Reconciliation of revenue
Elimination of intersegmental revenues									(48,376)
Total consolidated revenues									$	1,232,125
Less:
Purchase transportation	245,128		370,774		40,225		(189)
Salaries, wages and employee benefits	106,515		118,367		31,316		31,207
Operating leases	32,788		52,776		11,114		1,620
Depreciation and amortization	20,736		44,649		9,222		(441)
Insurance and claims	21,001		3,863		5,938		(260)
Fuel expense	4,989		1,905		4,012		21
Other operating expenses	40,791		48,891		9,854		(596)
Segment profit (loss)	35,129		10,561		9,957		(31,362)		24,285
Reconciliation of segment profit or loss
Interest expense, net									(90,873)
Foreign exchange loss (gain)									(5,575)
Other (expense) income, net									(6,552)
Loss before income taxes									$	(78,715)

For the Six Months Ended June 30, 2024	Expedited Freight		Omni Logistics		Intermodal		Corporate		Consolidated
External revenues	$	533,353	$	536,694	$	115,432	$	—	$	1,185,479
Intersegment revenues	31,224		—		159		—		31,383
	564,577		536,694		115,591		—		1,216,862
Reconciliation of revenue
Elimination of intersegmental revenues									(31,383)
Total consolidated revenues									$	1,185,479
Less:
Purchase transportation	270,272		323,098		36,616		(1)
Salaries, wages and employee benefits	126,398		106,311		29,981		10,177
Operating leases	29,712		45,878		9,468		3
Depreciation and amortization	20,982		50,104		9,339		—
Insurance and claims	21,621		4,898		5,225		(4,165)
Fuel expense	5,015		1,486		4,604		—
Other operating expenses	49,133		46,661		11,455		71,364
Impairment of goodwill	—		1,092,714		—		—
Segment profit (loss)	41,444		(1,134,456)		8,903		(77,378)		(1,161,487)
Reconciliation of segment profit or loss
Interest expense, net									(88,018)
Foreign exchange loss (gain)									899
Other (expense) income, net									49
Loss before income taxes									$	(1,248,557)

Omni Logistics revenues and segment loss in the above table represents the period from January 25, 2024 (the date of

acquisition) through June 30, 2024.

Total Assets	Expedited Freight		Omni Logistics		Intermodal		Corporate		Consolidated
As of June 30, 2025	$	703,437	$	1,697,613	$	254,631	$	105,554	$	2,761,235
As of December 31, 2024	691,369		1,726,088		257,323		127,861		2,802,641