v3.25.2
Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Income Statement [Abstract]        
Revenue $ 1,419 $ 930 $ 2,852 $ 1,843
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 214 154 424 299
Depreciation and amortization expense 30 17 62 33
Transaction and integration costs 7 7 13 8
Restructuring costs 3 2 17 13
Operating income (loss) 0 0 (30) (12)
Other expense 2 0 2 1
Interest expense, net 8 8 17 16
Loss before income taxes (10) (8) (49) (29)
Income tax benefit (1) (1) (9) (7)
Net loss $ (9) $ (7) $ (40) $ (22)
Loss per share        
Earnings per share, basic (in dollars per share) $ (0.05) $ (0.06) $ (0.24) $ (0.19)
Earnings per share, diluted (in dollars per share) $ (0.05) $ (0.06) $ (0.24) $ (0.19)
Weighted-average common shares outstanding        
Basic weighted-average common shares outstanding (in shares) 168,525 117,579 168,275 117,398
Diluted weighted-average common shares outstanding (in shares) 168,525 117,579 168,275 117,398