v3.25.2
Segment Reporting (Tables)
 6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
The tables below provide information about the Company’s reportable segment:
Three Months Ended June 30,Six Months Ended June 30,
(In millions)2025202420252024
Revenue$1,419 $930 $2,852 $1,843 
Less:
Cost of transportation and services (exclusive of depreciation and amortization)1,118 700 2,271 1,399 
Direct operating expense (exclusive of depreciation and amortization)47 50 95 103 
Sales, general and administrative expense (1)
202 146 405 287 
Other expense— — — 1 
Segment adjusted EBITDA$52 $34 $81 $53 
Unallocated corporate expenses12 5 19 9 
Depreciation and amortization expense30 17 62 33 
Transaction and integration costs7 7 13 8 
Restructuring and other costs3 5 17 16 
Other expense2 — 2 — 
Interest expense, net8 8 17 16 
Consolidated loss before income taxes$(10)$(8)$(49)$(29)
Excludes unallocated corporate expenses and other costs.
Reconciliation of Assets from Segment to Consolidated
(In millions)June 30, 2025December 31, 2024
Segment assets$3,135 $3,345 
Corporate assets66 69 
Total assets$3,201 $3,414