v3.26.1
Segment Reporting
 3 Months Ended
Apr. 04, 2026
Segment Reporting [Abstract]  
Segment Reporting
(16)
Segment Reporting

We report our financial results in three reportable segments: contract logistics, intermodal and trucking. These segments are based primarily on the services provided by each segment and reflect the manner in which management evaluates the Company’s operations, including the economic characteristics and applicable aggregation criteria of the underlying businesses.

Our contract logistics segment includes value-added and dedicated transportation services that support inbound logistics to industrial customers and major retailers, generally pursuant to contracts with terms of one year or longer. Our intermodal segment is associated with local and regional drayage moves coordinated by company-managed terminals using a mix of owner-operators, company equipment and third-party capacity providers. Our trucking segment is associated with individual freight shipments coordinated by our agents and company-managed terminals using a mix of owner-operators, company equipment and third-party capacity providers. Other non-reportable segments include subsidiaries that provide administrative and support services to other Company subsidiaries.

The Company’s President and Chief Executive Officer serves as the chief operating decision maker (“CODM”). The CODM evaluates segment performance primarily based on income from operations and reviews segment results against internal budgets, forecasts and prior period performance. The CODM also regularly reviews significant segment expense categories, including purchased transportation and equipment rent, direct personnel and related benefits, operating supplies and expenses, commission expense, occupancy expense, depreciation and amortization, and other segment expenses. Separate balance sheet information is not regularly provided to the CODM.

The following tables summarize financial information about our reportable segments for the thirteen weeks ended April 4, 2026 and March 29, 2025 (in thousands):

 

 

Thirteen Weeks Ended April 4, 2026

 

 

 

Contract Logistics

 

 

Intermodal

 

 

Trucking

 

 

Other (2)

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total operating revenues (1)

 

$

269,533

 

 

$

47,854

 

 

$

50,188

 

 

$

—

 

 

$

367,575

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating expenses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Purchased transportation and equipment rent

 

 

922

 

 

 

17,630

 

 

 

37,899

 

 

 

4,227

 

 

 

60,678

 

Direct personnel and related benefits

 

 

158,964

 

 

 

15,421

 

 

 

1,818

 

 

 

—

 

 

 

176,203

 

Operating supplies and expenses

 

 

39,143

 

 

 

9,488

 

 

 

1,545

 

 

 

(1,849

)

 

 

48,327

 

Commission expense

 

 

—

 

 

 

670

 

 

 

3,516

 

 

 

—

 

 

 

4,186

 

Occupancy expense

 

 

11,276

 

 

 

5,856

 

 

 

60

 

 

 

(1,633

)

 

 

15,559

 

Depreciation and amortization

 

 

22,323

 

 

 

5,028

 

 

 

2,882

 

 

 

5,410

 

 

 

35,643

 

Other segment expenses (3)

 

 

19,433

 

 

 

6,876

 

 

 

1,902

 

 

 

(6,009

)

 

 

22,202

 

Total operating expenses

 

 

252,061

 

 

 

60,969

 

 

 

49,622

 

 

 

146

 

 

 

362,798

 

Income from operations

 

$

17,472

 

 

$

(13,115

)

 

$

566

 

 

$

(146

)

 

$

4,777

 

(1) Total operating revenues are presented net of intersegment revenues eliminated in consolidation. Intersegment revenues eliminated in consolidation were $0.5 million in contract logistics, $1.0 million in intermodal and $0.1 million in trucking.

(2) Credits within other non-reportable include allocations and eliminations to the other reportable segments.

(3) Other segment expenses include general and administrative expense, insurance and claims, and other corporate allocations to reportable segments.

(16)
Segment Reporting – continued

 

 

 

Thirteen Weeks Ended March 29, 2025

 

 

 

Contract Logistics

 

 

Intermodal

 

 

Trucking

 

 

Other (2)

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total operating revenues (1)

 

$

255,892

 

 

$

70,697

 

 

$

55,582

 

 

$

219

 

 

$

382,390

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating expenses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Purchased transportation and equipment rent

 

 

3,401

 

 

 

32,996

 

 

 

41,044

 

 

 

2,302

 

 

 

79,743

 

Direct personnel and related benefits

 

 

145,021

 

 

 

17,952

 

 

 

1,528

 

 

 

—

 

 

 

164,501

 

Operating supplies and expenses

 

 

41,249

 

 

 

10,037

 

 

 

2,460

 

 

 

(2,434

)

 

 

51,312

 

Commission expense

 

 

16

 

 

 

583

 

 

 

3,656

 

 

 

—

 

 

 

4,255

 

Occupancy expense

 

 

7,119

 

 

 

4,762

 

 

 

37

 

 

 

(665

)

 

 

11,253

 

Depreciation and amortization

 

 

20,723

 

 

 

7,223

 

 

 

2,206

 

 

 

5,336

 

 

 

35,488

 

Other segment expenses (3)

 

 

14,504

 

 

 

7,853

 

 

 

2,461

 

 

 

(4,660

)

 

 

20,158

 

Total operating expenses

 

 

232,033

 

 

 

81,406

 

 

 

53,392

 

 

 

(121

)

 

 

366,710

 

Income from operations

 

$

23,859

 

 

$

(10,709

)

 

$

2,190

 

 

$

340

 

 

$

15,680

 

(1) Total operating revenues are presented net of intersegment revenues eliminated in consolidation. Intersegment revenues eliminated in consolidation were $0.1 million in contract logistics, $1.1 million in intermodal and $0.0 million in trucking.

(2) Credits within other non-reportable include allocations and eliminations to the other reportable segments.

(3) Other segment expenses include general and administrative expense, insurance and claims, and other corporate allocations to reportable segments.