Cover - shares	9 Months Ended
Cover - shares	Sep. 30, 2023	Nov. 01, 2023
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2023
Document Transition Report	false
Entity File Number	000-23189
Entity Registrant Name	C.H. ROBINSON WORLDWIDE, INC.
Entity Central Index Key	0001043277
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q3
Amendment Flag	false
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	41-1883630
Entity Address, Address Line One	14701 Charlson Road
Entity Address, City or Town	Eden Prairie
Entity Address, State or Province	MN
Entity Address, Postal Zip Code	55347
City Area Code	952
Local Phone Number	937-8500
Title of 12(b) Security	Common Stock, $0.10 par value
Trading Symbol	CHRW
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		116,651,037

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 174,733	$ 217,482
Receivables, net of allowance for credit loss of $17,312 and $28,749	2,442,297	2,991,753
Contract assets, net of allowance for credit loss	204,737	257,597
Prepaid expenses and other	137,476	122,406
Total current assets	2,959,243	3,589,238
Property and equipment, net of accumulated depreciation and amortization	150,858	159,432
Goodwill	1,465,319	1,470,813
Other intangible assets, net of accumulated amortization	46,579	64,026
Right-of-use lease assets	350,896	372,141
Deferred tax assets	214,528	181,602
Other assets	130,244	117,312
Total assets	5,317,667	5,954,564
Current liabilities:
Accounts payable	1,375,529	1,466,998
Outstanding checks	68,657	103,561
Accrued expenses:
Compensation	134,778	242,605
Transportation expense	156,611	199,092
Income taxes	6,782	15,210
Other accrued liabilities	170,539	168,009
Current lease liabilities	73,681	73,722
Current portion of debt	662,966	1,053,655
Total current liabilities	2,649,543	3,322,852
Long-term debt	920,720	920,049
Noncurrent lease liabilities	294,751	313,742
Noncurrent income taxes payable	29,640	28,317
Deferred tax liabilities	14,656	14,256
Other long-term liabilities	3,773	1,926
Total liabilities	3,913,083	4,601,142
Stockholders’ investment:
Preferred stock, $0.10 par value, 20,000 shares authorized; no shares issued or outstanding	0	0
Common stock, $0.10 par value, 480,000 shares authorized; 179,204 and 179,204 shares issued, 116,465 and 116,323 outstanding	11,647	11,632
Additional paid-in capital	747,500	743,288
Retained earnings	5,663,714	5,590,440
Accumulated other comprehensive loss	(107,810)	(88,860)
Treasury stock at cost (62,739 and 62,881 shares)	(4,910,467)	(4,903,078)
Total stockholders’ investment	1,404,584	1,353,422
Total liabilities and stockholders’ investment	$ 5,317,667	$ 5,954,564

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Receivable, allowance for credit loss	$ 17,312	$ 28,749
Preferred stock, par value (in dollars per share)	$ 0.10	$ 0.10
Preferred stock, authorized (shares)	20,000,000	20,000,000
Preferred stock, issued (shares)	0	0
Preferred stock, outstanding (shares)	0	0
Common stock, par value (in dollars per share)	$ 0.10	$ 0.10
Common stock, authorized (shares)	480,000,000	480,000,000
Common stock, issued (shares)	179,204,000	179,204,000
Common stock, outstanding (shares)	116,465,000	116,323,000
Treasury stock (shares)	62,739,000	62,881,000

Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Revenues:
Total revenues	$ 4,341,030	$ 6,015,376	$ 13,374,556	$ 19,629,804
Costs and expenses:
Personnel expenses	343,532	437,545	1,103,915	1,295,670
Other selling, general, and administrative expenses	177,795	162,040	474,892	426,585
Total costs and expenses	4,227,508	5,727,767	12,967,378	18,527,056
Income from operations	113,522	287,609	407,178	1,102,748
Interest and other income/expense, net	(20,748)	(15,972)	(67,272)	(57,541)
Income before provision for income taxes	92,774	271,637	339,906	1,045,207
Provision for income taxes	10,825	45,839	45,750	200,876
Net income	81,949	225,798	294,156	844,331
Other comprehensive loss	(14,891)	(49,790)	(18,950)	(76,516)
Comprehensive income	$ 67,058	$ 176,008	$ 275,206	$ 767,815
Basic net income per share (in dollars per share)	$ 0.69	$ 1.81	$ 2.48	$ 6.60
Diluted net income per share (in dollars per share)	$ 0.68	$ 1.78	$ 2.46	$ 6.50
Basic weighted average shares outstanding (shares)	118,464	124,980	118,532	127,944
Dilutive effect of outstanding stock awards (shares)	1,287	2,210	1,230	1,895
Diluted weighted average shares outstanding (shares)	119,751	127,190	119,762	129,839
Transportation
Revenues:
Total revenues	$ 4,029,407	$ 5,724,364	$ 12,442,199	$ 18,718,357
Costs and expenses:
Purchased products and services	3,421,960	4,862,541	10,546,551	15,979,639
Sourcing
Revenues:
Total revenues	311,623	291,012	932,357	911,447
Costs and expenses:
Purchased products and services	$ 284,221	$ 265,641	$ 842,020	$ 825,162

Condensed Consolidated Statements of Stockholders' Investment - USD ($) shares in Thousands, $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2023	Sep. 30, 2022
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance (in shares)			116,323				116,323
Beginning balance	$ 1,388,107	$ 1,381,388	$ 1,353,422	$ 2,052,415	$ 2,095,502	$ 2,021,934	$ 1,353,422	$ 2,021,934
Net income	81,949	97,316	114,891	225,798	348,185	270,348	$ 294,156	844,331
Foreign currency adjustments	(14,891)	(6,536)	2,477	(49,790)	(33,596)	6,870
Dividends declared	(73,724)	(73,577)	(73,581)	(69,552)	(71,506)	(72,542)
Stock issued for employee benefit plans	7,476	15,206	(375)	37,028	20,886	8,904
Stock-based compensation expense	$ 15,667	6,035	15,607	25,811	27,929	24,606
Repurchase of common stock		(31,725)	(31,053)	(544,149)	(334,985)	(164,618)
Ending balance (in shares)	116,465						116,465
Ending balance	$ 1,404,584	$ 1,388,107	$ 1,381,388	$ 1,677,561	$ 2,052,415	$ 2,095,502	$ 1,404,584	$ 1,677,561
Dividends declared, per share (in dollars per share)	$ 0.61	$ 0.61	$ 0.61	$ 0.55	$ 0.55	$ 0.55
Common Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance (in shares)	116,335	116,437	116,323	125,116	128,011	129,186	116,323	129,186
Beginning balance	$ 11,633	$ 11,644	$ 11,632	$ 12,512	$ 12,801	$ 12,919	$ 11,632	$ 12,919
Stock issued for employee benefit plans (in shares)	130	228	430	555	316	418
Stock issued for employee benefit plans	$ 14	$ 22	$ 44	$ 56	$ 31	$ 42
Stock-based compensation expense (in shares)	0	0	0	0	0	0
Stock-based compensation expense	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0
Repurchase of common stock (in shares)		(330)	(316)	(5,077)	(3,211)	(1,593)
Repurchase of common stock		$ (33)	$ (32)	$ (509)	$ (320)	$ (160)
Ending balance (in shares)	116,465	116,335	116,437	120,594	125,116	128,011	116,465	120,594
Ending balance	$ 11,647	$ 11,633	$ 11,644	$ 12,059	$ 12,512	$ 12,801	$ 11,647	$ 12,059
Additional Paid-in Capital
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	734,244	730,363	743,288	709,163	680,857	673,628	743,288	673,628
Stock issued for employee benefit plans	(2,411)	(2,154)	(28,532)	(3,478)	377	(17,377)
Stock-based compensation expense	15,667	6,035	15,607	25,811	27,929	24,606
Ending balance	747,500	734,244	730,363	731,496	709,163	680,857	747,500	731,496
Retained Earnings
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	5,655,489	5,631,750	5,590,440	5,411,346	5,134,667	4,936,861	5,590,440	4,936,861
Net income	81,949	97,316	114,891	225,798	348,185	270,348
Dividends declared	(73,724)	(73,577)	(73,581)	(69,552)	(71,506)	(72,542)
Ending balance	5,663,714	5,655,489	5,631,750	5,567,592	5,411,346	5,134,667	5,663,714	5,567,592
Accumulated Other Comprehensive Loss
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	(92,919)	(86,383)	(88,860)	(87,860)	(54,264)	(61,134)	(88,860)	(61,134)
Foreign currency adjustments	(14,891)	(6,536)	2,477	(49,790)	(33,596)	6,870
Ending balance	(107,810)	(92,919)	(86,383)	(137,650)	(87,860)	(54,264)	(107,810)	(137,650)
Treasury Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	(4,920,340)	(4,905,986)	(4,903,078)	(3,992,746)	(3,678,559)	(3,540,340)	(4,903,078)	(3,540,340)
Stock issued for employee benefit plans	9,873	17,338	28,113	40,450	20,478	26,239
Stock-based compensation expense	0	0	0	0	0	0
Repurchase of common stock		(31,692)	(31,021)	(543,640)	(334,665)	(164,458)
Ending balance	$ (4,910,467)	$ (4,920,340)	$ (4,905,986)	$ (4,495,936)	$ (3,992,746)	$ (3,678,559)	$ (4,910,467)	$ (4,495,936)

Condensed Consolidated Statements of Stockholders' Investment (Parenthetical) - $ / shares	3 Months Ended
	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022
Statement of Stockholders' Equity [Abstract]
Dividends declared, per share (in dollars per share)	$ 0.61	$ 0.61	$ 0.61	$ 0.55	$ 0.55	$ 0.55

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
OPERATING ACTIVITIES
Net income	$ 294,156	$ 844,331
Adjustments to reconcile net income to net cash used for operating activities:
Depreciation and amortization	75,899	68,723
Provision for credit losses	(4,032)	(2,407)
Stock-based compensation	37,309	78,346
Deferred income taxes	(35,269)	(76,362)
Excess tax benefit on stock-based compensation	(9,899)	(12,440)
Restructuring charges	21,113	0
Other operating activities	3,740	(24,011)
Changes in operating elements:
Receivables	525,761	66,536
Contract assets	52,810	90,481
Prepaid expenses and other	(7,632)	13,437
Accounts payable and outstanding checks	(122,312)	(109,493)
Accrued compensation	(106,943)	6,701
Accrued transportation expense	(42,481)	(62,278)
Accrued income taxes	3,131	(24,202)
Other accrued liabilities	(2,636)	22,209
Other assets and liabilities	1,900	(2,782)
Net cash provided by operating activities	684,615	876,789
INVESTING ACTIVITIES
Purchases of property and equipment	(25,889)	(50,719)
Purchases and development of software	(42,086)	(49,935)
Proceeds from sale of property and equipment	1,324	63,208
Net cash used for investing activities	(66,651)	(37,446)
FINANCING ACTIVITIES
Proceeds from stock issued for employee benefit plans	46,061	93,415
Stock tendered for payment of withholding taxes	(23,754)	(26,597)
Repurchase of common stock	(63,884)	(1,023,578)
Cash dividends	(218,942)	(216,258)
Proceeds from long-term borrowings	0	200,000
Proceeds from short-term borrowings	2,778,750	3,674,000
Payments on short-term borrowings	(3,169,750)	(3,595,000)
Net cash used for financing activities	(651,519)	(894,018)
Effect of exchange rates on cash and cash equivalents	(6,708)	(15,206)
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect, Disposal Group, Including Discontinued Operations	(40,263)	(69,881)
Less: net increase in cash and cash equivalents within assets held for sale	(2,486)	0
Cash and cash equivalents, beginning of period	217,482	257,413
Cash and cash equivalents, end of period	$ 174,733	$ 187,532

BASIS OF PRESENTATION	9 Months Ended
BASIS OF PRESENTATION	Sep. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BASIS OF PRESENTATION	BASIS OF PRESENTATION C.H. Robinson Worldwide, Inc. and our subsidiaries (“the company,” “we,” “us,” or “our”) are a global provider of transportation services and logistics solutions operating through a network of offices located in North America, Europe, Asia, Oceania, South America, and the Middle East. The consolidated financial statements include the accounts of C.H. Robinson Worldwide, Inc. and our majority owned and controlled subsidiaries. Our minority interests in subsidiaries are not significant. All intercompany transactions and balances have been eliminated in the consolidated financial statements. Our reportable segments are North American Surface Transportation (“NAST”) and Global Forwarding, with all other segments included in All Other and Corporate. The All Other and Corporate reportable segment includes Robinson Fresh, Managed Services, Other Surface Transportation outside of North America, and other miscellaneous revenues and unallocated corporate expenses. For financial information concerning our reportable segments, refer to Note 8, Segment Reporting. The condensed consolidated financial statements, which are unaudited, have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). In our opinion, these financial statements include all adjustments (consisting only of normal recurring adjustments) necessary for a fair presentation of the financial statements for the interim periods presented. Interim results are not necessarily indicative of results for a full year. Consistent with SEC rules and regulations, we have condensed or omitted certain information and footnote disclosures normally included in annual financial statements prepared in accordance with accounting principles generally accepted in the United States. You should read the condensed consolidated financial statements and related notes in conjunction with the consolidated financial statements and notes in our Annual Report on Form 10-K for the year ended December 31, 2022. RECENTLY ISSUED ACCOUNTING STANDARDS For the nine months ended September 30, 2023, there were no recently issued or newly adopted accounting pronouncements that had, or are expected to have, a material impact to our consolidated financial statements. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Note 1 of the Notes to Consolidated Financial Statements in our Annual Report on Form 10-K for the year ended December 31, 2022, includes a summary of the significant accounting policies and methods used in the preparation of our consolidated financial statements.

GOODWILL AND OTHER INTANGIBLE ASSETS

9 Months Ended

Sep. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND OTHER INTANGIBLE ASSETS

The change in carrying amount of goodwill is as follows (in thousands):


	NAST		Global Forwarding		All Other and Corporate		Total
Balance, December 31, 2022	$	1,188,076	$	206,189	$	76,548	$	1,470,813

Foreign currency translation	(4,416)		(710)		(368)		(5,494)
Balance, September 30, 2023	$	1,183,660	$	205,479	$	76,180	$	1,465,319

Goodwill is tested at least annually for impairment on November 30, or more frequently if events or changes in circumstances indicate that the asset might be impaired. We first perform a qualitative assessment to determine whether it is more likely than not that the fair value of our reporting units is less than their respective carrying value (“Step Zero Analysis”). If the Step Zero Analysis indicates it is more likely than not that the fair value of our reporting units is less than their respective carrying value, an additional impairment assessment is performed (“Step One Analysis”). As part of our Step Zero Analysis, we determined that more likely than not criteria had not been met, and therefore a Step One Analysis was not required as of September 30, 2023.

Identifiable intangible assets consisted of the following (in thousands):


	September 30, 2023						December 31, 2022
	Cost		Accumulated Amortization		Net		Cost		Accumulated Amortization		Net
Finite-lived intangibles
Customer relationships	$	92,322	$	(54,343)	$	37,979	$	162,358	$	(106,932)	$	55,426


Indefinite-lived intangibles
Trademarks	8,600		—		8,600		8,600		—		8,600
Total intangibles	$	100,922	$	(54,343)	$	46,579	$	170,958	$	(106,932)	$	64,026

Amortization expense for other intangible assets is as follows (in thousands):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Amortization expense	$	5,724	$	5,782	$	17,312	$	17,773

Finite-lived intangible assets, by reportable segment, as of September 30, 2023, will be amortized over their remaining lives as follows (in thousands):


	NAST		Global Forwarding		All Other and Corporate		Total
Remainder of 2023	$	2,021	$	1,007	$	266	$	3,294
2024	8,008		3,478		1,066		12,552
2025	7,857		2,256		1,066		11,179
2026	7,857		367		729		8,953
2027	1,310		—		488		1,798
Thereafter	—		—		203		203
Total							$	37,979

FAIR VALUE MEASUREMENT	9 Months Ended
FAIR VALUE MEASUREMENT	Sep. 30, 2023
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENT	FAIR VALUE MEASUREMENT Accounting guidance on fair value measurements for certain financial assets and liabilities requires that assets and liabilities carried at fair value be classified and disclosed in one of the following three categories: •Level 1 — Quoted market prices in active markets for identical assets or liabilities. •Level 2 — Observable market-based inputs or unobservable inputs that are corroborated by market data. •Level 3 — Unobservable inputs reflecting the reporting entity’s own assumptions or external inputs from inactive markets. A financial asset or liability’s classification within the hierarchy is determined based on the lowest level of input that is significant to the fair value measurement. Assets and Liabilities Held for Sale - As a result of the planned divestiture of our Argentine operations classified as held for sale as of September 30, 2023, the Company measured the disposal group at its fair value less costs to sell and recorded an impairment charge of $21.1 million in the three and nine months ended September 30, 2023. The fair value of these assets and liabilities held for sale is classified as a Level 3 measurement in the fair value hierarchy because it is determined using significant unobservable inputs such as management assumptions about anticipated proceeds from the sale of our Argentine operations to a third-party, which is anticipated to be complete by the end of 2023. Refer to Note 13, Restructuring for additional detail on our restructuring program to divest of our operations in Argentina. We had no other Level 3 assets or liabilities as of and during the periods ended September 30, 2023 and December 31, 2022. There were no transfers between levels during the period.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

FINANCING ARRANGEMENTS

9 Months Ended

Sep. 30, 2023

Debt Disclosure [Abstract]

FINANCING ARRANGEMENTS

The components of our short-term and long-term debt and the associated interest rates were as follows (dollars in thousands):


	Average interest rate as of					Carrying value as of
	September 30, 2023		December 31, 2022		Maturity	September 30, 2023		December 31, 2022
Revolving credit facility	6.42	%	—	%	November 2027	$	163,000	$	—
364-day revolving credit facility	N/A		5.12	%	May 2023	—		379,000
Senior Notes, Series A	N/A		3.97	%	August 2023	—		175,000
Senior Notes, Series B	4.26	%	4.26	%	August 2028	150,000		150,000
Senior Notes, Series C	4.60	%	4.60	%	August 2033	175,000		175,000
Receivables Securitization Facility (1)	6.04	%	5.01	%	November 2023	499,966		499,655
Senior Notes (1)	4.20	%	4.20	%	April 2028	595,720		595,049
Total debt						1,583,686		1,973,704
Less: Current maturities and short-term borrowing						(662,966)		(1,053,655)
Long-term debt						$	920,720	$	920,049

____________________________________________

(1) Net of unamortized discounts and issuance costs.

SENIOR UNSECURED REVOLVING CREDIT FACILITY

We have a senior unsecured revolving credit facility (the “Credit Agreement”) with a total availability of $1 billion and a maturity date of November 19, 2027. Borrowings under the Credit Agreement generally bear interest at a variable rate determined by a pricing schedule or the base rate (which is the highest of (a) the administrative agent's prime rate, (b) the federal funds rate plus 0.50 percent, or (c) the sum of one-month SOFR plus a specified margin). As of September 30, 2023, the variable rate equaled SOFR and a Credit Spread Adjustment of 0.10 percent plus 1.0 percent. In addition, there is a commitment fee on the average daily undrawn stated amount under the facility ranging from 0.07 percent to 0.15 percent. The recorded amount of borrowings outstanding, if any, approximates fair value because of the short maturity period of the debt; therefore, we consider these borrowings to be a Level 2 financial liability.

The Credit Agreement contains various restrictions and covenants that require us to maintain certain financial ratios, including a maximum leverage ratio of 3.75 to 1.00. The Credit Agreement also contains customary events of default.

364-DAY UNSECURED REVOLVING CREDIT FACILITY

On May 6, 2022, we entered into an unsecured revolving credit facility (the “364-day Credit Agreement”) with a total availability of $500 million and a maturity date of May 5, 2023. The interest rate on borrowings under the 364-day Credit Agreement was based on an alternate base rate plus a margin or a term SOFR-based rate plus a margin. There was also a commitment fee on the aggregate unused commitments under the facility. The facility expired on May 5, 2023, and it was not renewed.

NOTE PURCHASE AGREEMENT

On August 23, 2013, we entered into a Note Purchase Agreement with certain institutional investors (the “Purchasers”). On August 27, 2013, the Purchasers purchased an aggregate principal amount of $500 million of our Senior Notes Series A, Senior Notes Series B, and Senior Notes Series C (collectively, the “Notes”). Interest on the Notes is payable semi-annually in arrears. The fair value of the Notes approximated $294.4 million on September 30, 2023. We estimate the fair value of the Notes primarily using an expected present value technique, which is based on observable market inputs using interest rates currently available to companies of similar credit standing for similar terms and remaining maturities and considering our own risk. If the Notes were recorded at fair value, they would be classified as a Level 2 financial liability. Senior Notes Series A matured in August 2023.

The Note Purchase Agreement contains various restrictions and covenants that require us to maintain certain financial ratios, including a maximum leverage ratio of 3.50 to 1.00, a minimum interest coverage ratio of 2.00 to 1.00, and a maximum consolidated priority debt to consolidated total asset ratio of 10 percent.

The Note Purchase Agreement provides for customary events of default. The occurrence of an event of default would permit certain Purchasers to declare certain Notes then outstanding to be immediately due and payable. Under the terms of the Note Purchase Agreement, the Notes are redeemable, in whole or in part, at 100 percent of the principal amount being redeemed together with a “make-whole amount” (as defined in the Note Purchase Agreement), and accrued and unpaid interest with respect to each Note. The obligations of the company under the Note Purchase Agreement and the Notes are guaranteed by C.H. Robinson Company, a Delaware corporation and a wholly-owned subsidiary of the company, and by C.H. Robinson Company, Inc., a Minnesota corporation and an indirect wholly-owned subsidiary of the company. On November 21, 2022, we executed a third amendment to the Note Purchase Agreement to, among other things, facilitate the terms of the Credit Agreement.

U.S. TRADE ACCOUNTS RECEIVABLE SECURITIZATION

On November 19, 2021, we entered into a receivables purchase agreement and related transaction documents with Bank of America, N.A. and Wells Fargo Bank, N.A. to provide a receivables securitization facility (the “Receivables Securitization Facility”). The Receivables Securitization Facility is based on the securitization of a portion of our U.S. trade accounts receivable with a total availability of $500 million as of September 30, 2023. The interest rate on borrowings under the Receivables Securitization Facility is based on Bloomberg Short Term Bank Yield Index (“BSBY”) plus a margin. There is also a commitment fee we are required to pay on any unused portion of the facility. The Receivables Securitization Facility expires on November 17, 2023, unless extended by the parties. The recorded amount of borrowings outstanding on the Receivables Securitization Facility approximates fair value because it can be redeemed on short notice and the interest rate floats. We consider these borrowings to be a Level 2 financial liability. Borrowings on the Receivables Securitization Facility are included within proceeds on current borrowings on the consolidated statement of cash flows.

The Receivables Securitization Facility contains various customary affirmative and negative covenants, and it also contains customary default and termination provisions, which provide for acceleration of amounts owed under the Receivables Securitization Facility upon the occurrence of certain specified events.

On February 1, 2022, we amended the Receivables Securitization Facility primarily to increase the total availability from $300 million to $500 million pursuant to the provisions of the existing agreement. On July 7, 2022, we amended the Receivables Securitization Facility to effectively increase the receivables pool available with respect to the Receivables Securitization Facility.

SENIOR NOTES

On April 9, 2018, we issued senior unsecured notes (“Senior Notes”) through a public offering. The Senior Notes bear an annual interest rate of 4.20 percent payable semi-annually on April 15 and October 15, until maturity on April 15, 2028. Taking into effect the amortization of the original issue discount and all underwriting and issuance expenses, the Senior Notes have an effective yield to maturity of approximately 4.39 percent per annum. The fair value of the Senior Notes, excluding debt discounts and issuance costs, approximated $561.0 million as of September 30, 2023, based primarily on the market prices quoted from external sources. The carrying value of the Senior Notes was $595.7 million as of September 30, 2023.

We may redeem the Senior Notes, in whole or in part, at any time and from time to time prior to their maturity at the applicable redemption prices described in the Senior Notes. Upon the occurrence of a “change of control triggering event” as defined in the Senior Notes (generally, a change of control of us accompanied by a reduction in the credit rating for the Senior Notes), we will generally be required to make an offer to repurchase the Senior Notes from holders at 101 percent of their principal amount plus accrued and unpaid interest to the date of repurchase.

The Senior Notes were issued under an indenture that contains covenants imposing certain limitations on our ability to incur liens or enter into sale and leaseback transactions above certain limits; and consolidate, or merge or transfer substantially all of our assets and those of our subsidiaries on a consolidated basis. It also provides for customary events of default (subject in certain cases to customary grace and cure periods), which include, among other things nonpayment, breach of covenants in the indenture, and certain events of bankruptcy and insolvency. If an event of default occurs and is continuing with respect to the Senior Notes, the trustee or holders of at least 25 percent in principal amount outstanding of the Senior Notes may declare the principal and the accrued and unpaid interest, if any, on all of the outstanding Senior Notes to be due and payable. These covenants and events of default are subject to a number of important qualifications, limitations, and exceptions that are described in the indenture. The indenture does not contain any financial ratios or specified levels of net worth or liquidity to which we must adhere.

In addition to the above financing agreements, we have a $15 million discretionary line of credit with U.S. Bank of which $9.9 million is currently utilized for standby letters of credit related to insurance collateral as of September 30, 2023. These standby letters of credit are renewed annually and were undrawn as of September 30, 2023.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

INCOME TAXES

9 Months Ended

Sep. 30, 2023

Income Tax Disclosure [Abstract]

INCOME TAXES

A reconciliation of the provision for income taxes using the statutory federal income tax rate to our effective income tax rate is as follows:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Federal statutory rate	21.0	%	21.0	%	21.0	%	21.0	%
State income taxes, net of federal benefit	2.9		2.4		2.5		1.9
Share based payment awards	(0.7)		(1.6)		(2.5)		(1.1)
Foreign tax credits	(9.0)		0.2		(4.8)		(0.8)
Other U.S. tax credits and incentives	(6.1)		(6.2)		(4.5)		(2.3)
Foreign	8.4		2.8		2.1		0.3
Basis difference - South American restructuring program	(5.9)		—		(1.6)		—
Other	1.1		(1.7)		1.3		0.2
Effective income tax rate	11.7	%	16.9	%	13.5	%	19.2	%

During the first quarter of 2023, management made the determination that the company is no longer indefinitely reinvested with regard to the unremitted earnings of any foreign subsidiaries. The change resulted in a one-time increase to tax expense of approximately $2.0 million in the nine months ended September 30, 2023. The company remains indefinitely reinvested related to other taxable differences that may exist with regard to these subsidiaries, with the exception of our Argentina operations held for sale. During the third quarter of 2023, the company recognized a decrease to tax expense of approximately $5.5 million with regard to taxable differences related to our Argentina operations held for sale. Refer to Note 13, Restructuring for additional detail on our restructuring program to divest of our operations in Argentina.

As of September 30, 2023, we have $44.7 million of unrecognized tax benefits and related interest and penalties. It is possible the amount of unrecognized tax benefit could change in the next 12 months as a result of a lapse of the statute of limitations, new information, or settlements with taxing authorities. The total liability for unrecognized tax benefits is expected to decrease by approximately $1.3 million in the next 12 months due to the lapsing of statutes of limitations. With few exceptions, we are no longer subject to audits of U.S. federal, state and local, or non-U.S. income tax returns before 2015. We are currently under a limited Internal Revenue Service audit for the 2014 to 2017 tax years, while the 2018 and 2019 U.S. federal statute of limitations are closed.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
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+ Details

STOCK AWARD PLANS

9 Months Ended

Sep. 30, 2023

Share-Based Payment Arrangement [Abstract]

STOCK AWARD PLANS

Stock-based compensation cost is measured at the grant date based on the value of the award and is recognized as expense as it vests. A summary of our total compensation expense recognized in our condensed consolidated statements of operations and comprehensive income for stock-based compensation is as follows (in thousands):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Stock options	$	2,218	$	3,262	$	6,678	$	9,744
Stock awards	12,836		21,788		27,828		65,738
Company expense on ESPP discount	613		761		2,803		2,864
Total stock-based compensation expense	$	15,667	$	25,811	$	37,309	$	78,346

On May 5, 2022, our shareholders approved a 2022 Equity Incentive Plan (the “Plan”) and authorized an initial 4,261,884 shares for issuance of awards thereunder. The Plan allows us to grant certain stock awards, including stock options at fair market value, performance-based restricted stock units and shares, and time-based restricted stock units, to our key employees and non-employee directors. Shares subject to awards under the Plan or certain of our prior plans that expire or are canceled without delivery of shares or that are settled in cash generally become available again for issuance under the Plan. There were 3,317,410 shares available for stock awards under the Plan as of September 30, 2023.

Stock Options - We have awarded stock options to certain key employees that vest primarily based on their continued employment. The fair value of these options was established based on the market price on the date of grant calculated using the Black-Scholes option pricing model. Changes in measured stock price volatility and interest rates were the primary reasons for changes in the fair value. These grants are being expensed based on the terms of the awards. As of September 30, 2023, unrecognized compensation expense related to stock options was $6.6 million.

Stock Awards - We have awarded performance-based restricted shares, performance-based restricted stock units (“PSUs”), and time-based restricted stock units. Nearly all of our awards contain restrictions on the awardees’ ability to sell or transfer vested awards for a specified period of time. The fair value of these awards is established based on the market price on the date of grant, discounted for any post-vesting holding restrictions. The discounts on outstanding grants with post-vesting holding restrictions vary from 11 percent to 24 percent and are calculated using the Black-Scholes option pricing model-protective put method. The duration of the restriction period to sell or transfer vested awards, changes in the measured stock price volatility and changes in interest rates are the primary reasons for changes in the discount. These grants are being expensed based on the terms of the awards.

Performance-based Awards

We have awarded performance-based restricted shares through 2020 to certain key employees. These awards vest over a five-year period based on the company’s dilutive earnings per share growth. Beginning in 2021, we have awarded annually PSUs to certain key employees. These PSUs vest over a three-year period based on the achievement of certain dilutive earnings per share, adjusted gross profits, and adjusted operating margin targets. These PSUs contain an upside opportunity of up to 200 percent of target contingent upon obtaining certain targets mentioned above over their respective performance period.

Time-based Awards

We award time-based restricted stock units to certain key employees. Time-based awards granted through 2020 vest over a five-year period. Beginning in 2021, we have granted annually time-based awards that vest over a three-year period. These awards vest primarily based on the passage of time and the employee’s continued employment.

We granted 272,455 PSUs at target and 688,341 time-based restricted stock units in February 2023. The PSUs and time-based restricted stock unit awards had a weighted average grant date fair value of $92.15 and $92.74, respectively, and vest over a three-year period as described above.

We have also awarded restricted stock units to certain key employees and non-employee directors, which are fully vested upon date of grant. These units contain restrictions on the awardees’ ability to sell or transfer vested units for a specified period of time. The fair value of these units is established using the same method discussed above. These awards have been expensed on the date of grant.

As of September 30, 2023, there was unrecognized compensation expense of $227.6 million related to previously granted stock awards assuming maximum achievement is obtained on our PSUs. The amount of future expense to be recognized will be based on the passage of time and contingent upon obtaining certain targets mentioned above over their respective performance period.

Employee Stock Purchase Plan - Our 1997 Employee Stock Purchase Plan (“ESPP”) allows our employees to contribute up to $10,000 of their annual cash compensation to purchase company stock. The purchase price is determined using the closing price on the last day of each quarter discounted by 15 percent. Shares vest immediately. The following is a summary of the employee stock purchase plan activity (dollars in thousands):


Three Months Ended September 30, 2023
Shares purchased by employees	Aggregate cost to employees		Expense recognized by the company
47,446	$	3,474	$	613

LITIGATION	9 Months Ended
LITIGATION	Sep. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
LITIGATION	LITIGATIONWe are not subject to any pending or threatened litigation other than routine litigation arising in the ordinary course of our business operations, including certain contingent auto liability cases. For some legal proceedings, we have accrued an amount that reflects the aggregate liability deemed probable and estimable, but this amount is not material to our condensed consolidated financial position, results of operations, or cash flows. Because of the preliminary nature of many of these proceedings, the difficulty in ascertaining the applicable facts relating to many of these proceedings, the inconsistent treatment of claims made in many of these proceedings, and the difficulty of predicting the settlement value of many of these proceedings, we are often unable to estimate an amount or range of any reasonably possible additional losses. However, based upon our historical experience, the resolution of these proceedings is not expected to have a material effect on our consolidated financial position, results of operations, or cash flows.

- Definition

The entire disclosure for loss and gain contingencies. Describes any existing condition, situation, or set of circumstances involving uncertainty as of the balance sheet date (or prior to issuance of the financial statements) as to a probable or reasonably possible loss incurred by an entity that will ultimately be resolved when one or more future events occur or fail to occur, and typically discloses the amount of loss recorded or a range of possible loss, or an assertion that no reasonable estimate can be made.

+ References + Details

SEGMENT REPORTING

9 Months Ended

Sep. 30, 2023

Segment Reporting [Abstract]

SEGMENT REPORTING

Our reportable segments are based on our method of internal reporting, which generally segregates the segments by service line and the primary services they provide to our customers. We identify two reportable segments in addition to All Other and Corporate as summarized below:

•North American Surface Transportation—NAST provides freight transportation services across North America through a network of offices in the United States, Canada, and Mexico. The primary services provided by NAST include truckload and less than truckload (“LTL”) transportation services.

•Global Forwarding—Global Forwarding provides global logistics services through an international network of offices in North America, Europe, Asia, Oceania, South America, and the Middle East and also contracts with independent agents worldwide. The primary services provided by Global Forwarding include ocean freight services, air freight services, and customs brokerage.

•All Other and Corporate—All Other and Corporate includes our Robinson Fresh and Managed Services segments, as well as Other Surface Transportation outside of North America and other miscellaneous revenues and unallocated corporate expenses. Robinson Fresh provides sourcing services including the buying, selling, and marketing of fresh fruits, vegetables, and other perishable items. Managed Services provides Transportation Management Services, or Managed TMS®. Other Surface Transportation revenues are primarily earned by our Europe Surface Transportation segment. Europe Surface Transportation provides transportation and logistics services including truckload and LTL or groupage services across Europe.

The internal reporting of segments is defined, based in part, on the reporting and review process used by our chief operating decision maker (“CODM”), our Chief Executive Officer. The accounting policies of our reportable segments are the same as those described in the summary of significant accounting policies located in Note 1 of the Notes to Consolidated Financial Statements in our Annual Report on Form 10-K for the year ended December 31, 2022. We do not report our intersegment revenues by reportable segment to our CODM and do not believe they are a meaningful metric for evaluating the performance of our reportable segments.

Reportable segment information is as follows (dollars in thousands):


	NAST		Global Forwarding		All Other and Corporate		Consolidated
Three Months Ended September 30, 2023
Total revenues	$	3,086,970	$	719,045	$	535,015	$	4,341,030
Income (loss) from operations	112,121		3,491		(2,090)		113,522
Depreciation and amortization	5,882		5,446		14,216		25,544
Total assets(1)	3,162,720		1,081,262		1,073,685		5,317,667
Average employee headcount	6,278		5,082		4,217		15,577

	NAST		Global Forwarding		All Other and Corporate		Consolidated
Three Months Ended September 30, 2022
Total revenues	$	4,002,461	$	1,511,115	$	501,800	$	6,015,376
Income (loss) from operations	211,899		85,953		(10,243)		287,609
Depreciation and amortization	5,739		5,368		11,868		22,975
Total assets(1)	3,624,333		2,266,923		904,274		6,795,530
Average employee headcount	7,493		5,861		4,691		18,045


	NAST		Global Forwarding		All Other and Corporate		Consolidated
Nine Months Ended September 30, 2023
Total revenues	$	9,470,425	$	2,288,890	$	1,615,241	$	13,374,556
Income (loss) from operations	364,002		63,254		(20,078)		407,178
Depreciation and amortization	17,389		16,410		42,100		75,899
Total assets(1)	3,162,720		1,081,262		1,073,685		5,317,667
Average employee headcount	6,574		5,276		4,390		16,240

	NAST		Global Forwarding		All Other and Corporate		Consolidated
Nine Months Ended September 30, 2022
Total revenues	$	12,264,396	$	5,798,702	$	1,566,706	$	19,629,804
Income from operations	670,752		421,148		10,848		1,102,748
Depreciation and amortization	18,101		16,394		34,228		68,723
Total assets(1)	3,624,333		2,266,923		904,274		6,795,530
Average employee headcount	7,420		5,735		4,497		17,652

_________________________________________

(1) All cash and cash equivalents are included in All Other and Corporate.

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-Paragraph 34
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-34

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 41
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-41

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-21

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-21

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

+ Details

REVENUE FROM CONTRACTS WITH CUSTOMERS

9 Months Ended

Sep. 30, 2023

Revenue from Contract with Customer [Abstract]

REVENUE FROM CONTRACTS WITH CUSTOMERS

A summary of our total revenues disaggregated by major service line and timing of revenue recognition is presented below for each of our reportable segments (in thousands):


	Three Months Ended September 30, 2023
	NAST		Global Forwarding		All Other and Corporate		Total
Major Service Lines
Transportation and logistics services(1)	$	3,086,970	$	719,045	$	223,392	$	4,029,407
Sourcing(2)	—		—		311,623		311,623
Total revenues	$	3,086,970	$	719,045	$	535,015	$	4,341,030

	Three Months Ended September 30, 2022
	NAST		Global Forwarding		All Other and Corporate		Total
Major Service Lines
Transportation and logistics services(1)	$	4,002,461	$	1,511,115	$	210,788	$	5,724,364
Sourcing(2)	—		—		291,012		291,012
Total revenues	$	4,002,461	$	1,511,115	$	501,800	$	6,015,376


	Nine Months Ended September 30, 2023
	NAST		Global Forwarding		All Other and Corporate		Total
Major Service Lines
Transportation and logistics services(1)	$	9,470,425	$	2,288,890	$	682,884	$	12,442,199
Sourcing(2)	—		—		932,357		932,357
Total revenues	$	9,470,425	$	2,288,890	$	1,615,241	$	13,374,556

	Nine Months Ended September 30, 2022
	NAST		Global Forwarding		All Other and Corporate		Total
Major Service Lines
Transportation and logistics services(1)	$	12,264,396	$	5,798,702	$	655,259	$	18,718,357
Sourcing(2)	—		—		911,447		911,447
Total revenues	$	12,264,396	$	5,798,702	$	1,566,706	$	19,629,804

____________________________________________

(1) Transportation and logistics services performance obligations are completed over time.

(2) Sourcing performance obligations are completed at a point in time.

We typically do not receive consideration and amounts are not due from our customers prior to the completion of our performance obligation and as such contract liabilities, as of September 30, 2023, and revenue recognized in the three and nine months ended September 30, 2023, and 2022 resulting from contract liabilities, were not significant. Contract assets and accrued expenses-transportation expense fluctuate from period to period primarily based upon changes in transportation pricing and costs and shipments in-transit at period end and the timing of customer invoicing.

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-9

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-10

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-15

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-12

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-12

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-12

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-12

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-12

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-13

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Topic 606
-Publisher FASB
-URI https://asc.fasb.org//606/tableOfContent

+ Details

LEASES

9 Months Ended

Sep. 30, 2023

Leases [Abstract]

LEASES

LEASESWe determine if our contractual agreements contain a lease at inception. A lease is identified when a contract allows us the right to control an identified asset for a period of time in exchange for consideration. Our lease agreements consist primarily of operating leases for office space, warehouses, office equipment, trailers, and a small number of intermodal containers. We do not have material financing leases. Frequently, we enter into contractual relationships with a wide variety of transportation companies for freight capacity and utilize those relationships to efficiently and cost-effectively arrange the transport of our customers’ freight. These contracts typically have a term of 12 months or less and do not allow us to direct the use or obtain substantially all of the economic benefits of a specifically identified asset. Accordingly, these agreements are not considered leases.

Our operating leases are included on the consolidated balance sheets as right-of-use lease assets and lease liabilities. A right-of-use lease asset represents our right to use an underlying asset over the term of a lease, while a lease liability represents our obligation to make lease payments arising from the lease. Current and noncurrent lease liabilities are recognized on the commencement date at the present value of lease payments, including non-lease components, which consist primarily of common area maintenance and parking charges. Right-of-use lease assets are also recognized on the commencement date as the total lease liability plus prepaid rents. As our leases typically do not provide an implicit rate, we use our fully collateralized incremental borrowing rate based on the information available at commencement date in determining the present value of lease payments. The incremental borrowing rate is influenced by market interest rates, our credit rating, and lease term and as such, may differ for individual leases.

Our lease agreements typically do not contain variable lease payments, residual value guarantees, purchase options, or restrictive covenants. Many of our leases include the option to renew for a period of months to several years. The term of our leases may include the option to renew when it is reasonably certain that we will exercise that option, although these occurrences are seldom. We have lease agreements with lease components (e.g., payments for rent) and non-lease components (e.g., payments for common area maintenance and parking), which are all accounted for as a single lease component.

We do not have material lease agreements that have not yet commenced that are expected to create significant rights or obligations as of September 30, 2023.

Information regarding lease expense, remaining lease term, discount rate, and other select lease information are presented below (dollars in thousands):


	Three Months Ended September 30,				Nine Months Ended September 30,
Lease Costs	2023		2022		2023		2022
Operating lease expense	$	25,285	$	23,342	$	74,711	$	68,069
Short-term lease expense	1,346		1,743		4,246		5,340
Total lease expense	$	26,631	$	25,085	$	78,957	$	73,409


	Nine Months Ended September 30,
Other Lease Information	2023		2022
Operating cash flows from operating leases	$	72,073	$	67,939
Right-of-use lease assets obtained in exchange for new lease liabilities	44,184		122,869


Lease Term and Discount Rate	As of September 30, 2023		As of December 31, 2022
Weighted average remaining lease term (in years)	6.0		6.4
Weighted average discount rate	3.8	%	3.5	%

The maturities of lease liabilities as of September 30, 2023, were as follows (in thousands):


Maturity of Lease Liabilities	Operating Leases
Remaining 2023	$	17,004
2024	89,902
2025	75,691
2026	62,601
2027	48,451
Thereafter	121,812
Total lease payments	415,461
Less: Interest	(47,029)
Present value of lease liabilities	$	368,432

ALLOWANCE FOR CREDIT LOSSES

9 Months Ended

Sep. 30, 2023

Credit Loss [Abstract]

ALLOWANCE FOR CREDIT LOSSES

Our allowance for credit losses is computed using a number of factors including our past credit loss experience and our customers' credit ratings, in addition to other customer-specific factors. We have also considered recent trends and developments related to the current macroeconomic environment in determining our ending allowance for credit losses for both accounts receivable and contract assets. The allowance for credit losses on contract assets was not significant as of September 30, 2023.

A rollforward of our allowance for credit losses on our accounts receivable balance is presented below (in thousands):


Balance, December 31, 2022	$	28,749
Provision	(4,081)
Write-offs	(7,356)
Balance, September 30, 2023	$	17,312

Recoveries of amounts previously written off were not significant for the three and nine months ended September 30, 2023.

- Definition

The entire disclosure for credit loss on financial instrument measured at amortized cost basis, net investment in lease, off-balance sheet credit exposure, and available-for-sale debt security.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 310
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 42
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481962/310-10-50-42

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 310
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 44
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481962/310-10-50-44

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479319/326-20-50-5

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479319/326-20-50-21

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 326
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479106/326-30-50-4

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479319/326-20-50-11

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 326
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479106/326-30-50-7

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479319/326-20-50-8

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 20
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479319/326-20-50-20

+ Details

CHANGES IN ACCUMULATED OTHER COMPREHENSIVE LOSS	9 Months Ended
CHANGES IN ACCUMULATED OTHER COMPREHENSIVE LOSS	Sep. 30, 2023
Stockholders' Equity Note [Abstract]
CHANGES IN ACCUMULATED OTHER COMPREHENSIVE LOSS	CHANGES IN ACCUMULATED OTHER COMPREHENSIVE LOSS Accumulated other comprehensive loss is included in Stockholders' Investment on our condensed consolidated balance sheets. The recorded balance on September 30, 2023, and December 31, 2022, was $107.8 million and $88.9 million, respectively. The recorded balance on September 30, 2023, and December 31, 2022, is comprised solely of foreign currency adjustments, including foreign currency translation. Other comprehensive loss was $14.9 million for the three months ended September 30, 2023, primarily driven by fluctuations in the Euro and Singapore Dollar. Other comprehensive loss was $49.8 million for the three months ended September 30, 2022, primarily driven by fluctuations in the Euro, Singapore Dollar, Yuan, and Australian Dollar. Other comprehensive loss was $19.0 million for the nine months ended September 30, 2023, primarily driven by fluctuations in the Singapore Dollar, Australian Dollar, Yuan, and Euro. Other comprehensive loss was $76.5 million for the nine months ended September 30, 2022, primarily driven by fluctuations in the Singapore Dollar, Euro, Yuan, and Australian Dollar.

Restructuring and Related Activities

9 Months Ended

Sep. 30, 2023

Restructuring and Related Activities [Abstract]

RESTRUCTURING

2022 Restructuring Program: In 2022, we announced organizational changes to support our enterprise strategy of accelerating our digital transformation and productivity initiatives. We continued to execute upon these digital transformation and productivity initiatives in 2023, which resulted in further restructuring charges to better align our workforce as a result of these initiatives and in consideration of the changing freight transportation market. We recognized additional restructuring charges of $17.7 million in 2023 primarily related to workforce reductions. We expect to complete our 2022 restructuring program by the end of 2023.

For severance and other operating expenses related to the 2022 restructuring program, we paid $2.2 million in cash in the third quarter of 2023 with the majority of the remaining $5.7 million accrued as of September 30, 2023, expected to be paid by the end of 2023.

A summary of the restructuring charges recognized is presented below (in thousands):


	Three Months Ended September 30,		Nine Months Ended September 30,
	2023		2023
Severance(1)	$	(265)	$	14,554
Other personnel expenses(1)	(67)		1,839
Other selling, general, and administrative expenses(2)	193		1,322
Total	$	(139)	$	17,715

________________________________

(1) Amounts are included within personnel expenses in our condensed consolidated statements of operations and comprehensive income. Amounts recognized in the three months ended September 30, 2023, primarily relate to accrual adjustments for amounts settling for an amount different than originally estimated.

(2) Amounts are included within other selling, general, and administrative expenses in our condensed consolidated statements of operations and comprehensive income.

The following table summarizes restructuring charges by reportable segment (dollars in thousands):


	Three Months Ended September 30, 2023
	NAST		Global Forwarding		All Other and Corporate		Consolidated
Personnel expenses	$	(73)	$	(87)	$	(172)	$	(332)
Other selling, general, and administrative expenses	4		67		122		193


	Nine Months Ended September 30, 2023
	NAST		Global Forwarding		All Other and Corporate		Consolidated
Personnel expenses	$	1,083	$	2,142	$	13,168	$	16,393
Other selling, general, and administrative expenses	8		230		1,084		1,322

The following table summarizes activity related to our 2022 restructuring program and reserves included in our consolidated balance sheets:


	Accrued Severance and Other Personnel Expenses		Accrued Other Selling, General, and Administrative Expenses		Total
Balance, December 31, 2022	$	18,976	$	—	$	18,976
Restructuring charges	16,393		1,322		17,715
Cash payments	(29,010)		(415)		(29,425)
Settled non-cash	—		(907)		(907)
Accrual adjustments(1)	(622)		—		(622)
Balance, September 30, 2023	$	5,737	$	—	$	5,737

________________________________

(1) Accrual adjustments primarily relate to changes in estimates for certain employee termination costs, including those settling for an amount different than originally estimated and foreign currency adjustments.

South American Restructuring Program: In the third quarter of 2023, we announced a restructuring program (“South American restructuring program”) to divest our operations in Argentina to mitigate our exposure to the deteriorating economic conditions and increasing political instability there. The Central Bank of Argentina maintains certain currency controls that limit our ability to access U.S. dollars in Argentina and remit cash from our Argentine operations. As conditions worsened in the third quarter of 2023, management began the process of divesting and identifying local independent agent relationships to continue serving our customers in the region. As a result of these actions, we recognized restructuring charges related to disposal and exit activities including asset impairments and workforce reductions.

We have determined that this planned divestiture does not represent a strategic shift that will have a major effect on our consolidated results of operations, and therefore the results of operations in Argentina are not reported as discontinued operations. We expect the sale to be completed near the end of 2023 and our restructuring program to be completed by the end of the first quarter of 2024. The assets and liabilities associated with the planned divestiture (the “disposal group”) are presented as held for sale at fair value less any estimated costs to sell as of September 30, 2023. We recognized a $21.1 million loss on the disposal group classified as held for sale in the three and nine months ended September 30, 2023, which is included within other selling, general, and administrative expenses in the condensed consolidated statements of operations and comprehensive income. The assets and liabilities of the disposal group are primarily related to our Global Forwarding segment.

A summary of the restructuring charges recognized related to our South American restructuring program is presented below (in thousands):


	Three Months Ended September 30,		Nine Months Ended September 30,
	2023		2023
Severance and other personnel expenses(1)	$	3,350	$	3,350
Other selling, general, and administrative expenses(2)	21,252		21,252
Income tax benefits(3)	(5,501)		(5,501)
Total	$	19,101	$	19,101

________________________________

(1) Amounts are included within personnel expenses in our condensed consolidated statements of operations and comprehensive income.

(2) Amounts are included within other selling, general, and administrative expenses in our condensed consolidated statements of operations and comprehensive income.

(3) Amounts are included within provision for income taxes in our condensed consolidated statements of operations and comprehensive income.

The following table summarizes restructuring charges related to our South American restructuring program by reportable segment (dollars in thousands):


	Three Months Ended September 30, 2023
	NAST		Global Forwarding		All Other and Corporate		Consolidated
Personnel expenses	$	—	$	2,600	$	750	$	3,350
Other selling, general, and administrative expenses	—		21,012		240		21,252
Income tax benefits	—		(5,501)		—		(5,501)


	Nine Months Ended September 30, 2023
	NAST		Global Forwarding		All Other and Corporate		Consolidated
Personnel expenses	$	—	$	2,600	$	750	$	3,350
Other selling, general, and administrative expenses	—		21,012		240		21,252
Income tax benefits	—		(5,501)		—		(5,501)

The following table summarizes activity related to our South American restructuring program and reserves included in our consolidated balance sheets:


	Accrued Severance and Other Personnel Expenses		Accrued Other Selling, General, and Administrative Expenses		Total
Balance, December 31, 2022	$	—	$	—	$	—
Restructuring charges	3,350		21,252		24,602

Settled non-cash	—		(21,187)		(21,187)

Balance, September 30, 2023	$	3,350	$	65	$	3,415

We have recorded a deferred tax asset of $5.5 million related to income tax benefits we expect to realize as a result of our South American restructuring activities.

A summary of assets and liabilities associated with the disposal group that are held for sale as of September 30, 2023, is presented below (in thousands):


	As of September 30, 2023
Assets held for sale:
Cash and cash equivalents	$	2,486
Receivables	23,710
Property and equipment	431
Right-of-use lease assets	128
Other assets	415
Valuation allowance	(21,113)
Total assets held for sale(1)	$	6,057
Liabilities held for sale:
Accounts payable	$	5,115
Lease liabilities	566
Other liabilities	376
Total liabilities held for sale(2)	$	6,057

________________________________

(1) Amounts are included within other assets in our condensed consolidated balance sheet.

(2) Amounts are included within other accrued liabilities in our condensed consolidated balance sheet.

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended						9 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Thousands	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2023	Sep. 30, 2022
Pay vs Performance Disclosure
Net income	$ 81,949	$ 97,316	$ 114,891	$ 225,798	$ 348,185	$ 270,348	$ 294,156	$ 844,331

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 323
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481687/323-10-50-3

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 28
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482907/825-10-50-28

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482765/220-10-50-6

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-3

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480175/815-40-65-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-8

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-9

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-11

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-11

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-4

Reference 13: http://www.xbrl.org/2003/role/exampleRef
-Topic 946
-SubTopic 830
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480167/946-830-55-10

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section 45
-Paragraph 7
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+ Details

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Sep. 30, 2023
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

BASIS OF PRESENTATION (Policies)	9 Months Ended
BASIS OF PRESENTATION (Policies)	Sep. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BASIS OF PRESENTATION	BASIS OF PRESENTATION C.H. Robinson Worldwide, Inc. and our subsidiaries (“the company,” “we,” “us,” or “our”) are a global provider of transportation services and logistics solutions operating through a network of offices located in North America, Europe, Asia, Oceania, South America, and the Middle East. The consolidated financial statements include the accounts of C.H. Robinson Worldwide, Inc. and our majority owned and controlled subsidiaries. Our minority interests in subsidiaries are not significant. All intercompany transactions and balances have been eliminated in the consolidated financial statements. Our reportable segments are North American Surface Transportation (“NAST”) and Global Forwarding, with all other segments included in All Other and Corporate. The All Other and Corporate reportable segment includes Robinson Fresh, Managed Services, Other Surface Transportation outside of North America, and other miscellaneous revenues and unallocated corporate expenses. For financial information concerning our reportable segments, refer to Note 8, Segment Reporting. The condensed consolidated financial statements, which are unaudited, have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). In our opinion, these financial statements include all adjustments (consisting only of normal recurring adjustments) necessary for a fair presentation of the financial statements for the interim periods presented. Interim results are not necessarily indicative of results for a full year. Consistent with SEC rules and regulations, we have condensed or omitted certain information and footnote disclosures normally included in annual financial statements prepared in accordance with accounting principles generally accepted in the United States. You should read the condensed consolidated financial statements and related notes in conjunction with the consolidated financial statements and notes in our Annual Report on Form 10-K for the year ended December 31, 2022.
RECENTLY ISSUED ACCOUNTING STANDARDS	RECENTLY ISSUED ACCOUNTING STANDARDS For the nine months ended September 30, 2023, there were no recently issued or newly adopted accounting pronouncements that had, or are expected to have, a material impact to our consolidated financial statements.
GOODWILL	Goodwill is tested at least annually for impairment on November 30, or more frequently if events or changes in circumstances indicate that the asset might be impaired. We first perform a qualitative assessment to determine whether it is more likely than not that the fair value of our reporting units is less than their respective carrying value (“Step Zero Analysis”). If the Step Zero Analysis indicates it is more likely than not that the fair value of our reporting units is less than their respective carrying value, an additional impairment assessment is performed (“Step One Analysis”). As part of our Step Zero Analysis, we determined that more likely than not criteria had not been met, and therefore a Step One Analysis was not required as of September 30, 2023.
FAIR VALUE MEASUREMENT	FAIR VALUE MEASUREMENT Accounting guidance on fair value measurements for certain financial assets and liabilities requires that assets and liabilities carried at fair value be classified and disclosed in one of the following three categories: •Level 1 — Quoted market prices in active markets for identical assets or liabilities. •Level 2 — Observable market-based inputs or unobservable inputs that are corroborated by market data. •Level 3 — Unobservable inputs reflecting the reporting entity’s own assumptions or external inputs from inactive markets. A financial asset or liability’s classification within the hierarchy is determined based on the lowest level of input that is significant to the fair value measurement.

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)

9 Months Ended

Sep. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

The change in carrying amount of goodwill is as follows (in thousands):


	NAST		Global Forwarding		All Other and Corporate		Total
Balance, December 31, 2022	$	1,188,076	$	206,189	$	76,548	$	1,470,813

Foreign currency translation	(4,416)		(710)		(368)		(5,494)
Balance, September 30, 2023	$	1,183,660	$	205,479	$	76,180	$	1,465,319

Schedule of Intangible Assets

Identifiable intangible assets consisted of the following (in thousands):


	September 30, 2023						December 31, 2022
	Cost		Accumulated Amortization		Net		Cost		Accumulated Amortization		Net
Finite-lived intangibles
Customer relationships	$	92,322	$	(54,343)	$	37,979	$	162,358	$	(106,932)	$	55,426


Indefinite-lived intangibles
Trademarks	8,600		—		8,600		8,600		—		8,600
Total intangibles	$	100,922	$	(54,343)	$	46,579	$	170,958	$	(106,932)	$	64,026

Schedule of Amortization Expense

Amortization expense for other intangible assets is as follows (in thousands):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Amortization expense	$	5,724	$	5,782	$	17,312	$	17,773

Schedule of Future Amortization of Finite-Lived Intangible Assets

Finite-lived intangible assets, by reportable segment, as of September 30, 2023, will be amortized over their remaining lives as follows (in thousands):


	NAST		Global Forwarding		All Other and Corporate		Total
Remainder of 2023	$	2,021	$	1,007	$	266	$	3,294
2024	8,008		3,478		1,066		12,552
2025	7,857		2,256		1,066		11,179
2026	7,857		367		729		8,953
2027	1,310		—		488		1,798
Thereafter	—		—		203		203
Total							$	37,979

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

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+ Details

FINANCING ARRANGEMENTS (Tables)

9 Months Ended

Sep. 30, 2023

Debt Disclosure [Abstract]

Components of Short-term and Long-term Debt

The components of our short-term and long-term debt and the associated interest rates were as follows (dollars in thousands):


	Average interest rate as of					Carrying value as of
	September 30, 2023		December 31, 2022		Maturity	September 30, 2023		December 31, 2022
Revolving credit facility	6.42	%	—	%	November 2027	$	163,000	$	—
364-day revolving credit facility	N/A		5.12	%	May 2023	—		379,000
Senior Notes, Series A	N/A		3.97	%	August 2023	—		175,000
Senior Notes, Series B	4.26	%	4.26	%	August 2028	150,000		150,000
Senior Notes, Series C	4.60	%	4.60	%	August 2033	175,000		175,000
Receivables Securitization Facility (1)	6.04	%	5.01	%	November 2023	499,966		499,655
Senior Notes (1)	4.20	%	4.20	%	April 2028	595,720		595,049
Total debt						1,583,686		1,973,704
Less: Current maturities and short-term borrowing						(662,966)		(1,053,655)
Long-term debt						$	920,720	$	920,049

____________________________________________

(1) Net of unamortized discounts and issuance costs.

INCOME TAXES (Tables)

9 Months Ended

Sep. 30, 2023

Income Tax Disclosure [Abstract]

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of the provision for income taxes using the statutory federal income tax rate to our effective income tax rate is as follows:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Federal statutory rate	21.0	%	21.0	%	21.0	%	21.0	%
State income taxes, net of federal benefit	2.9		2.4		2.5		1.9
Share based payment awards	(0.7)		(1.6)		(2.5)		(1.1)
Foreign tax credits	(9.0)		0.2		(4.8)		(0.8)
Other U.S. tax credits and incentives	(6.1)		(6.2)		(4.5)		(2.3)
Foreign	8.4		2.8		2.1		0.3
Basis difference - South American restructuring program	(5.9)		—		(1.6)		—
Other	1.1		(1.7)		1.3		0.2
Effective income tax rate	11.7	%	16.9	%	13.5	%	19.2	%

STOCK AWARD PLANS (Tables)

9 Months Ended

Sep. 30, 2023

Share-Based Payment Arrangement [Abstract]

Schedule of Stock-based Compensation

A summary of our total compensation expense recognized in our condensed consolidated statements of operations and comprehensive income for stock-based compensation is as follows (in thousands):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Stock options	$	2,218	$	3,262	$	6,678	$	9,744
Stock awards	12,836		21,788		27,828		65,738
Company expense on ESPP discount	613		761		2,803		2,864
Total stock-based compensation expense	$	15,667	$	25,811	$	37,309	$	78,346

Schedule Employee Stock Purchase Plan Activity

The following is a summary of the employee stock purchase plan activity (dollars in thousands):


Three Months Ended September 30, 2023
Shares purchased by employees	Aggregate cost to employees		Expense recognized by the company
47,446	$	3,474	$	613

SEGMENT REPORTING (Tables)

9 Months Ended

Sep. 30, 2023

Segment Reporting [Abstract]

Summary of Segment Information

Reportable segment information is as follows (dollars in thousands):


	NAST		Global Forwarding		All Other and Corporate		Consolidated
Three Months Ended September 30, 2023
Total revenues	$	3,086,970	$	719,045	$	535,015	$	4,341,030
Income (loss) from operations	112,121		3,491		(2,090)		113,522
Depreciation and amortization	5,882		5,446		14,216		25,544
Total assets(1)	3,162,720		1,081,262		1,073,685		5,317,667
Average employee headcount	6,278		5,082		4,217		15,577

	NAST		Global Forwarding		All Other and Corporate		Consolidated
Three Months Ended September 30, 2022
Total revenues	$	4,002,461	$	1,511,115	$	501,800	$	6,015,376
Income (loss) from operations	211,899		85,953		(10,243)		287,609
Depreciation and amortization	5,739		5,368		11,868		22,975
Total assets(1)	3,624,333		2,266,923		904,274		6,795,530
Average employee headcount	7,493		5,861		4,691		18,045


	NAST		Global Forwarding		All Other and Corporate		Consolidated
Nine Months Ended September 30, 2023
Total revenues	$	9,470,425	$	2,288,890	$	1,615,241	$	13,374,556
Income (loss) from operations	364,002		63,254		(20,078)		407,178
Depreciation and amortization	17,389		16,410		42,100		75,899
Total assets(1)	3,162,720		1,081,262		1,073,685		5,317,667
Average employee headcount	6,574		5,276		4,390		16,240

	NAST		Global Forwarding		All Other and Corporate		Consolidated
Nine Months Ended September 30, 2022
Total revenues	$	12,264,396	$	5,798,702	$	1,566,706	$	19,629,804
Income from operations	670,752		421,148		10,848		1,102,748
Depreciation and amortization	18,101		16,394		34,228		68,723
Total assets(1)	3,624,333		2,266,923		904,274		6,795,530
Average employee headcount	7,420		5,735		4,497		17,652

_________________________________________

(1) All cash and cash equivalents are included in All Other and Corporate.

REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)

9 Months Ended

Sep. 30, 2023

Revenue from Contract with Customer [Abstract]

Summary of Total Revenues Disaggregated by Major Service Line and Timing of Revenue Recognition

A summary of our total revenues disaggregated by major service line and timing of revenue recognition is presented below for each of our reportable segments (in thousands):


	Three Months Ended September 30, 2023
	NAST		Global Forwarding		All Other and Corporate		Total
Major Service Lines
Transportation and logistics services(1)	$	3,086,970	$	719,045	$	223,392	$	4,029,407
Sourcing(2)	—		—		311,623		311,623
Total revenues	$	3,086,970	$	719,045	$	535,015	$	4,341,030

	Three Months Ended September 30, 2022
	NAST		Global Forwarding		All Other and Corporate		Total
Major Service Lines
Transportation and logistics services(1)	$	4,002,461	$	1,511,115	$	210,788	$	5,724,364
Sourcing(2)	—		—		291,012		291,012
Total revenues	$	4,002,461	$	1,511,115	$	501,800	$	6,015,376


	Nine Months Ended September 30, 2023
	NAST		Global Forwarding		All Other and Corporate		Total
Major Service Lines
Transportation and logistics services(1)	$	9,470,425	$	2,288,890	$	682,884	$	12,442,199
Sourcing(2)	—		—		932,357		932,357
Total revenues	$	9,470,425	$	2,288,890	$	1,615,241	$	13,374,556

	Nine Months Ended September 30, 2022
	NAST		Global Forwarding		All Other and Corporate		Total
Major Service Lines
Transportation and logistics services(1)	$	12,264,396	$	5,798,702	$	655,259	$	18,718,357
Sourcing(2)	—		—		911,447		911,447
Total revenues	$	12,264,396	$	5,798,702	$	1,566,706	$	19,629,804

____________________________________________

(1) Transportation and logistics services performance obligations are completed over time.

(2) Sourcing performance obligations are completed at a point in time.

LEASES (Tables)

9 Months Ended

Sep. 30, 2023

Leases [Abstract]

Schedule of Lease Expense, Remaining Lease Terms, Discount Rate and Other Information

Information regarding lease expense, remaining lease term, discount rate, and other select lease information are presented below (dollars in thousands):


	Three Months Ended September 30,				Nine Months Ended September 30,
Lease Costs	2023		2022		2023		2022
Operating lease expense	$	25,285	$	23,342	$	74,711	$	68,069
Short-term lease expense	1,346		1,743		4,246		5,340
Total lease expense	$	26,631	$	25,085	$	78,957	$	73,409


	Nine Months Ended September 30,
Other Lease Information	2023		2022
Operating cash flows from operating leases	$	72,073	$	67,939
Right-of-use lease assets obtained in exchange for new lease liabilities	44,184		122,869


Lease Term and Discount Rate	As of September 30, 2023		As of December 31, 2022
Weighted average remaining lease term (in years)	6.0		6.4
Weighted average discount rate	3.8	%	3.5	%

Schedule of Maturity of Lease Liabilities

The maturities of lease liabilities as of September 30, 2023, were as follows (in thousands):


Maturity of Lease Liabilities	Operating Leases
Remaining 2023	$	17,004
2024	89,902
2025	75,691
2026	62,601
2027	48,451
Thereafter	121,812
Total lease payments	415,461
Less: Interest	(47,029)
Present value of lease liabilities	$	368,432

ALLOWANCE FOR CREDIT LOSSES (Tables)

9 Months Ended

Sep. 30, 2023

Credit Loss [Abstract]

Schedule of Allowance for Credit Loss on Accounts Receivable

A rollforward of our allowance for credit losses on our accounts receivable balance is presented below (in thousands):


Balance, December 31, 2022	$	28,749
Provision	(4,081)
Write-offs	(7,356)
Balance, September 30, 2023	$	17,312

Restructuring and Related Activities (Tables)

9 Months Ended

Sep. 30, 2023

2022 Restructuring Program

Restructuring Cost and Reserve [Line Items]

Restructuring and Related Costs

A summary of the restructuring charges recognized is presented below (in thousands):


	Three Months Ended September 30,		Nine Months Ended September 30,
	2023		2023
Severance(1)	$	(265)	$	14,554
Other personnel expenses(1)	(67)		1,839
Other selling, general, and administrative expenses(2)	193		1,322
Total	$	(139)	$	17,715

________________________________

(1) Amounts are included within personnel expenses in our condensed consolidated statements of operations and comprehensive income. Amounts recognized in the three months ended September 30, 2023, primarily relate to accrual adjustments for amounts settling for an amount different than originally estimated.

(2) Amounts are included within other selling, general, and administrative expenses in our condensed consolidated statements of operations and comprehensive income.

The following table summarizes restructuring charges by reportable segment (dollars in thousands):


	Three Months Ended September 30, 2023
	NAST		Global Forwarding		All Other and Corporate		Consolidated
Personnel expenses	$	(73)	$	(87)	$	(172)	$	(332)
Other selling, general, and administrative expenses	4		67		122		193


	Nine Months Ended September 30, 2023
	NAST		Global Forwarding		All Other and Corporate		Consolidated
Personnel expenses	$	1,083	$	2,142	$	13,168	$	16,393
Other selling, general, and administrative expenses	8		230		1,084		1,322

Schedule of Restructuring Reserve by Type of Cost

The following table summarizes activity related to our 2022 restructuring program and reserves included in our consolidated balance sheets:


	Accrued Severance and Other Personnel Expenses		Accrued Other Selling, General, and Administrative Expenses		Total
Balance, December 31, 2022	$	18,976	$	—	$	18,976
Restructuring charges	16,393		1,322		17,715
Cash payments	(29,010)		(415)		(29,425)
Settled non-cash	—		(907)		(907)
Accrual adjustments(1)	(622)		—		(622)
Balance, September 30, 2023	$	5,737	$	—	$	5,737

________________________________

(1) Accrual adjustments primarily relate to changes in estimates for certain employee termination costs, including those settling for an amount different than originally estimated and foreign currency adjustments.

South America Restructuring Program

Restructuring Cost and Reserve [Line Items]

Restructuring and Related Costs

A summary of the restructuring charges recognized related to our South American restructuring program is presented below (in thousands):


	Three Months Ended September 30,		Nine Months Ended September 30,
	2023		2023
Severance and other personnel expenses(1)	$	3,350	$	3,350
Other selling, general, and administrative expenses(2)	21,252		21,252
Income tax benefits(3)	(5,501)		(5,501)
Total	$	19,101	$	19,101

________________________________

(1) Amounts are included within personnel expenses in our condensed consolidated statements of operations and comprehensive income.

(2) Amounts are included within other selling, general, and administrative expenses in our condensed consolidated statements of operations and comprehensive income.

(3) Amounts are included within provision for income taxes in our condensed consolidated statements of operations and comprehensive income.

The following table summarizes restructuring charges related to our South American restructuring program by reportable segment (dollars in thousands):


	Three Months Ended September 30, 2023
	NAST		Global Forwarding		All Other and Corporate		Consolidated
Personnel expenses	$	—	$	2,600	$	750	$	3,350
Other selling, general, and administrative expenses	—		21,012		240		21,252
Income tax benefits	—		(5,501)		—		(5,501)


	Nine Months Ended September 30, 2023
	NAST		Global Forwarding		All Other and Corporate		Consolidated
Personnel expenses	$	—	$	2,600	$	750	$	3,350
Other selling, general, and administrative expenses	—		21,012		240		21,252
Income tax benefits	—		(5,501)		—		(5,501)

Schedule of Restructuring Reserve by Type of Cost

The following table summarizes activity related to our South American restructuring program and reserves included in our consolidated balance sheets:


	Accrued Severance and Other Personnel Expenses		Accrued Other Selling, General, and Administrative Expenses		Total
Balance, December 31, 2022	$	—	$	—	$	—
Restructuring charges	3,350		21,252		24,602

Settled non-cash	—		(21,187)		(21,187)

Balance, September 30, 2023	$	3,350	$	65	$	3,415

Disposal Groups, Including Discontinued Operations

A summary of assets and liabilities associated with the disposal group that are held for sale as of September 30, 2023, is presented below (in thousands):


	As of September 30, 2023
Assets held for sale:
Cash and cash equivalents	$	2,486
Receivables	23,710
Property and equipment	431
Right-of-use lease assets	128
Other assets	415
Valuation allowance	(21,113)
Total assets held for sale(1)	$	6,057
Liabilities held for sale:
Accounts payable	$	5,115
Lease liabilities	566
Other liabilities	376
Total liabilities held for sale(2)	$	6,057

________________________________

(1) Amounts are included within other assets in our condensed consolidated balance sheet.

(2) Amounts are included within other accrued liabilities in our condensed consolidated balance sheet.

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

- Definition

Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-SubTopic 10
-Topic 360
-Publisher FASB
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Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
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-SubTopic 20
-Name Accounting Standards Codification
-Section 45
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Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
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-Name Accounting Standards Codification
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Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
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+ Details

GOODWILL AND OTHER INTANGIBLE ASSETS - Carrying Amount of Goodwill (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2023 USD ($)
Goodwill [Roll Forward]
Balance, beginning of period	$ 1,470,813
Foreign currency translation	(5,494)
Balance, end of period	1,465,319
NAST
Goodwill [Roll Forward]
Balance, beginning of period	1,188,076
Foreign currency translation	(4,416)
Balance, end of period	1,183,660
Global Forwarding
Goodwill [Roll Forward]
Balance, beginning of period	206,189
Foreign currency translation	(710)
Balance, end of period	205,479
All Other and Corporate
Goodwill [Roll Forward]
Balance, beginning of period	76,548
Foreign currency translation	(368)
Balance, end of period	$ 76,180

- Definition

Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized.

+ References + Details

GOODWILL AND OTHER INTANGIBLE ASSETS - Summary of Intangible Assets (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Finite-lived intangibles
Accumulated Amortization	$ (54,343)	$ (106,932)
Finite-lived intangible assets, net	37,979
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Total intangibles, Cost	100,922	170,958
Total intangibles, Net	46,579	64,026
Trademarks
Indefinite-Lived Intangible Assets [Line Items]
Indefinite-lived intangibles	8,600	8,600
Customer relationships
Finite-lived intangibles
Finite-lived intangibles, Cost	92,322	162,358
Accumulated Amortization	(54,343)	(106,932)
Finite-lived intangible assets, net	$ 37,979	$ 55,426

GOODWILL AND OTHER INTANGIBLE ASSETS - Amortization Expense (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense	$ 5,724	$ 5,782	$ 17,312	$ 17,773

GOODWILL AND OTHER INTANGIBLE ASSETS - Amortization Over Remaining Life (Details) $ in Thousands	Sep. 30, 2023 USD ($)
Estimated amortization expense
Remainder of 2023	$ 3,294
2024	12,552
2025	11,179
2026	8,953
2027	1,798
Thereafter	203
Finite-lived intangible assets, net	37,979
NAST
Estimated amortization expense
Remainder of 2023	2,021
2024	8,008
2025	7,857
2026	7,857
2027	1,310
Thereafter	0
Global Forwarding
Estimated amortization expense
Remainder of 2023	1,007
2024	3,478
2025	2,256
2026	367
2027	0
Thereafter	0
All Other and Corporate
Estimated amortization expense
Remainder of 2023	266
2024	1,066
2025	1,066
2026	729
2027	488
Thereafter	$ 203

FAIR VALUE MEASUREMENT (Details) - USD ($)	3 Months Ended	9 Months Ended
FAIR VALUE MEASUREMENT (Details) - USD ($)	Sep. 30, 2023	Sep. 30, 2023	Dec. 31, 2022
South America Restructuring Program
Level 3 Fair Value
Restructuring Costs and Asset Impairment Charges	$ 21,100,000	$ 21,100,000
Level 3
Level 3 Fair Value
Assets at fair value	0	0	$ 0
Liabilities at fair value	$ 0	$ 0	$ 0

FINANCING ARRANGEMENTS - Components of Short-term and Long-term Debt (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Total debt	$ 1,583,686	$ 1,973,704
Less: Current maturities and short-term borrowing	(662,966)	(1,053,655)
Long-term debt	$ 920,720	$ 920,049
Revolving credit facility \| Line of credit
Debt Instrument [Line Items]
Average interest rate (percent)	6.42%	0.00%
Total debt	$ 163,000	$ 0
364 Credit Agreement \| Revolving credit facility \| Line of credit
Debt Instrument [Line Items]
Average interest rate (percent)		5.12%
Total debt	0	$ 379,000
Senior Notes, Series A \| Senior notes
Debt Instrument [Line Items]
Average interest rate (percent)		3.97%
Total debt	$ 0	$ 175,000
Senior Notes, Series B \| Senior notes
Debt Instrument [Line Items]
Average interest rate (percent)	4.26%	4.26%
Total debt	$ 150,000	$ 150,000
Senior Notes, Series C \| Senior notes
Debt Instrument [Line Items]
Average interest rate (percent)	4.60%	4.60%
Total debt	$ 175,000	$ 175,000
Receivables securitization facility \| Secured debt
Debt Instrument [Line Items]
Average interest rate (percent)	6.04%	5.01%
Total debt	$ 499,966	$ 499,655
Senior Notes \| Unsecured debt
Debt Instrument [Line Items]
Average interest rate (percent)	4.20%	4.20%
Total debt	$ 595,720	$ 595,049

FINANCING ARRANGEMENTS - Narrative (Details)	9 Months Ended
FINANCING ARRANGEMENTS - Narrative (Details)	Sep. 30, 2023 USD ($)	Dec. 31, 2022 USD ($)	Feb. 01, 2022 USD ($)	Dec. 31, 2021 USD ($)	Aug. 27, 2013 USD ($)
Debt Instrument [Line Items]
Long-term debt	$ 1,583,686,000	$ 1,973,704,000
Revolving credit facility \| Line of credit
Debt Instrument [Line Items]
Maximum leverage ratio	3.75
Long-term debt	$ 163,000,000	0
US Bank \| Standby letters of credit
Debt Instrument [Line Items]
Current funding	9,900,000
US Bank \| Line of credit
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 15,000,000
Credit Agreement \| Revolving credit facility \| Minimum \| SOFR
Debt Instrument [Line Items]
Basis spread on variable rate (percent)	0.10%
Credit Agreement \| Revolving credit facility \| Minimum \| Credit Spread Adjustment
Debt Instrument [Line Items]
Basis spread on variable rate (percent)	1.00%
Credit Agreement \| Revolving credit facility \| Line of credit
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 1,000,000,000
Credit Agreement \| Revolving credit facility \| Line of credit \| Federal Funds Rate
Debt Instrument [Line Items]
Basis spread on variable rate (percent)	0.50%
Credit Agreement \| Revolving credit facility \| Line of credit \| Minimum
Debt Instrument [Line Items]
Commitment fee (percent)	0.07%
Credit Agreement \| Revolving credit facility \| Line of credit \| Maximum
Debt Instrument [Line Items]
Commitment fee (percent)	0.15%
364 Credit Agreement \| Revolving credit facility
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 500,000,000
Note Purchase Agreement \| Senior notes
Debt Instrument [Line Items]
Maximum leverage ratio	3.50
Minimum interest coverage ratio	2.00
Debt instrument principal amount					$ 500,000,000
Long-term debt, fair value	$ 294,400,000
Maximum priority debt to total assets ratio (percent)	10.00%
Debt instrument, redemption price (percent)	100.00%
Receivables securitization facility \| Secured debt
Debt Instrument [Line Items]
Long-term debt	$ 499,966,000	499,655,000
Receivables securitization facility \| Secured debt \| Wells Fargo Bank N.A. and Bank of America N.A.
Debt Instrument [Line Items]
Maximum borrowing capacity	500,000,000			$ 300,000,000
Current funding			$ 500,000,000
Senior Notes Due 2028 \| Unsecured debt
Debt Instrument [Line Items]
Long-term debt, fair value	$ 561,000,000
Debt instrument, redemption price (percent)	101.00%
Debt instrument, annual interest rate (percent)	4.20%
Debt instrument, effective yield (percent)	4.39%
Long-term debt	$ 595,720,000	$ 595,049,000
Threshold for holders of principal outstanding to declare principal and unpaid interest payable (percent)	25.00%

INCOME TAXES - Effective Income Tax Rate Reconciliation (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Effective Income Tax Rate Reconciliation
Federal statutory rate	21.00%	21.00%	21.00%	21.00%
State income taxes, net of federal benefit	2.90%	2.40%	2.50%	1.90%
Share based payment awards	(0.70%)	(1.60%)	(2.50%)	(1.10%)
Foreign tax credits	(9.00%)	0.20%	(4.80%)	(0.80%)
Other U.S. tax credits and incentives	(6.10%)	(6.20%)	(4.50%)	(2.30%)
Foreign	8.40%	2.80%	2.10%	0.30%
Basis difference - South American restructuring program	(5.90%)	0.00%	(1.60%)	0.00%
Other	1.10%	(1.70%)	1.30%	0.20%
Effective income tax rate	11.70%	16.90%	13.50%	19.20%

INCOME TAXES - Narrative (Details) $ in Thousands	3 Months Ended	9 Months Ended
INCOME TAXES - Narrative (Details) $ in Thousands	Sep. 30, 2023 USD ($)	Sep. 30, 2023 USD ($)
Income Tax Disclosure [Abstract]
Estimated income tax expense on repatriated foreign earnings		$ 2,000
Unrecognized tax benefits and related interest and penalties, all of which would affect our effective tax rate if recognized	$ 44,700	44,700
Decrease in unrecognized tax benefits due to lapse of statute of limitations	1,300	$ 1,300
South America Restructuring Program
Restructuring Cost and Reserve [Line Items]
Current Foreign Tax Expense (Benefit)	$ 5,500

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

STOCK AWARD PLANS - Total Compensation Expense Recognized (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	$ 15,667	$ 25,811	$ 37,309	$ 78,346
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	2,218	3,262	6,678	9,744
Stock awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	12,836	21,788	27,828	65,738
Company expense on ESPP discount
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	$ 613	$ 761	$ 2,803	$ 2,864

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 35
-Paragraph 1D
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

STOCK AWARD PLANS - Narrative (Details) - USD ($)		3 Months Ended		9 Months Ended
STOCK AWARD PLANS - Narrative (Details) - USD ($)	Feb. 28, 2023	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	May 05, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Maximum shares that can be granted under stock plan (shares)						4,261,884
Shares available for stock awards (shares)		3,317,410		3,317,410
Stock-based compensation expense		$ 15,667,000	$ 25,811,000	$ 37,309,000	$ 78,346,000
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense		6,600,000		6,600,000
Stock-based compensation expense		2,218,000	$ 3,262,000	6,678,000	$ 9,744,000
Stock awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense		227,600,000		$ 227,600,000
Stock awards \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Discount on outstanding grants (percent)				11.00%
Stock awards \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Discount on outstanding grants (percent)				24.00%
Performance-based restricted shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period					5 years
Performance-based restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock awards granted (shares)	272,455
Weighted average grant date fair value (in dollars per share)	$ 92.15
Award vesting period				3 years
Upside opportunity upon achievement of targets (percent)				200.00%
Time-based restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock awards granted (shares)	688,341
Weighted average grant date fair value (in dollars per share)	$ 92.74
Award vesting period				3 years	5 years
1997 Employee Stock Purchase Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Maximum employee contribution to purchase company stock		$ 10,000		$ 10,000
Discount rate used to determine the purchase price				15.00%

STOCK AWARD PLANS - Employee Stock Purchase Plan Activity (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares purchased by employees (shares)	47,446
Aggregate cost to employees	$ 3,474
Expense recognized by the company	15,667	$ 25,811	$ 37,309	$ 78,346
Company expense on ESPP discount
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expense recognized by the company	$ 613	$ 761	$ 2,803	$ 2,864

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

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+ Details

SEGMENT REPORTING - Narrative (Details)	9 Months Ended
SEGMENT REPORTING - Narrative (Details)	Sep. 30, 2023 segment
Segment Reporting [Abstract]
Number of reportable segments	2

SEGMENT REPORTING - Reportable Segment Information (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023 USD ($) employee	Sep. 30, 2022 USD ($) employee	Sep. 30, 2023 USD ($) employee	Sep. 30, 2022 USD ($) employee	Dec. 31, 2022 USD ($)
Segment Reporting Information [Line Items]
Total revenues	$ 4,341,030	$ 6,015,376	$ 13,374,556	$ 19,629,804
Income (loss) from operations	113,522	287,609	407,178	1,102,748
Depreciation and amortization	25,544	22,975	75,899	68,723
Total assets	$ 5,317,667	$ 6,795,530	$ 5,317,667	$ 6,795,530	$ 5,954,564
Average headcount (employee) \| employee	15,577	18,045	16,240	17,652
NAST
Segment Reporting Information [Line Items]
Total revenues	$ 3,086,970	$ 4,002,461	$ 9,470,425	$ 12,264,396
Income (loss) from operations	112,121	211,899	364,002	670,752
Depreciation and amortization	5,882	5,739	17,389	18,101
Total assets	$ 3,162,720	$ 3,624,333	$ 3,162,720	$ 3,624,333
Average headcount (employee) \| employee	6,278	7,493	6,574	7,420
Global Forwarding
Segment Reporting Information [Line Items]
Total revenues	$ 719,045	$ 1,511,115	$ 2,288,890	$ 5,798,702
Income (loss) from operations	3,491	85,953	63,254	421,148
Depreciation and amortization	5,446	5,368	16,410	16,394
Total assets	$ 1,081,262	$ 2,266,923	$ 1,081,262	$ 2,266,923
Average headcount (employee) \| employee	5,082	5,861	5,276	5,735
All Other and Corporate
Segment Reporting Information [Line Items]
Total revenues	$ 535,015	$ 501,800	$ 1,615,241	$ 1,566,706
Income (loss) from operations	(2,090)	(10,243)	(20,078)	10,848
Depreciation and amortization	14,216	11,868	42,100	34,228
Total assets	$ 1,073,685	$ 904,274	$ 1,073,685	$ 904,274
Average headcount (employee) \| employee	4,217	4,691	4,390	4,497

- Definition

Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.

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-Topic 470
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-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(B))
-Publisher FASB
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Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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-Section S99
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Reference 22: http://www.xbrl.org/2003/role/disclosureRef
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Reference 23: http://www.xbrl.org/2009/role/commonPracticeRef
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Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-30

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-Name Accounting Standards Codification
-Section 50
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 26: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 942
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-Paragraph 1
-Subparagraph (SX 210.9-03(11))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479853/942-210-S99-1

+ Details

- Definition

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 924
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 11.L)
-Publisher FASB
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-Name Accounting Standards Codification
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-Name Accounting Standards Codification
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-Name Accounting Standards Codification
-Section 50
-Paragraph 22
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
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Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
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-Section 50
-Paragraph 4
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-4

+ Details

REVENUE FROM CONTRACTS WITH CUSTOMERS (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Disaggregation of Revenue [Line Items]
Total revenues	$ 4,341,030	$ 6,015,376	$ 13,374,556	$ 19,629,804
NAST
Disaggregation of Revenue [Line Items]
Total revenues	3,086,970	4,002,461	9,470,425	12,264,396
Global Forwarding
Disaggregation of Revenue [Line Items]
Total revenues	719,045	1,511,115	2,288,890	5,798,702
All Other and Corporate
Disaggregation of Revenue [Line Items]
Total revenues	535,015	501,800	1,615,241	1,566,706
Transportation and logistics services
Disaggregation of Revenue [Line Items]
Total revenues	4,029,407	5,724,364	12,442,199	18,718,357
Transportation and logistics services \| Performance obligations completed over time
Disaggregation of Revenue [Line Items]
Total revenues	4,029,407	5,724,364	12,442,199	18,718,357
Transportation and logistics services \| NAST \| Performance obligations completed over time
Disaggregation of Revenue [Line Items]
Total revenues	3,086,970	4,002,461	9,470,425	12,264,396
Transportation and logistics services \| Global Forwarding \| Performance obligations completed over time
Disaggregation of Revenue [Line Items]
Total revenues	719,045	1,511,115	2,288,890	5,798,702
Transportation and logistics services \| All Other and Corporate \| Performance obligations completed over time
Disaggregation of Revenue [Line Items]
Total revenues	223,392	210,788	682,884	655,259
Sourcing
Disaggregation of Revenue [Line Items]
Total revenues	311,623	291,012	932,357	911,447
Sourcing \| Performance obligations completed at a point in time
Disaggregation of Revenue [Line Items]
Total revenues	311,623	291,012	932,357	911,447
Sourcing \| NAST \| Performance obligations completed at a point in time
Disaggregation of Revenue [Line Items]
Total revenues	0	0	0	0
Sourcing \| Global Forwarding \| Performance obligations completed at a point in time
Disaggregation of Revenue [Line Items]
Total revenues	0	0	0	0
Sourcing \| All Other and Corporate \| Performance obligations completed at a point in time
Disaggregation of Revenue [Line Items]
Total revenues	$ 311,623	$ 291,012	$ 932,357	$ 911,447

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

- Definition

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 924
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 11.L)
-Publisher FASB
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
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-Section 50
-Paragraph 4
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-4

+ Details

LEASES - Lease Data (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
LEASES - Lease Data (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Lease Costs
Operating lease expense	$ 25,285	$ 23,342	$ 74,711	$ 68,069
Short-term lease expense	1,346	1,743	4,246	5,340
Total lease expense	$ 26,631	$ 25,085	78,957	73,409
Other Lease Information
Operating cash flows from operating leases			72,073	67,939
Right-of-use lease assets obtained in exchange for new lease liabilities			$ 44,184	$ 122,869
Lease Term and Discount Rate
Weighted average remaining lease term (in years)	6 years		6 years		6 years 4 months 24 days
Weighted average discount rate (percent)	3.80%		3.80%		3.50%

LEASES - Maturities of Lease Liabilities (Details) $ in Thousands	Sep. 30, 2023 USD ($)
Maturities of lease liabilities
Remaining 2023	$ 17,004
2024	89,902
2025	75,691
2026	62,601
2027	48,451
Thereafter	121,812
Total lease payments	415,461
Less: Interest	(47,029)
Present value of lease liabilities	$ 368,432

ALLOWANCE FOR CREDIT LOSSES (Details) $ in Thousands	9 Months Ended
ALLOWANCE FOR CREDIT LOSSES (Details) $ in Thousands	Sep. 30, 2023 USD ($)
Rollforward of Allowance for Credit Loss
Allowance for credit loss, beginning balance	$ 28,749
Provision	(4,081)
Write-offs	(7,356)
Allowance for credit loss, ending balance	$ 17,312

CHANGES IN ACCUMULATED OTHER COMPREHENSIVE LOSS (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Stockholders' Equity Note [Abstract]
Accumulated other comprehensive loss	$ 107,810		$ 107,810		$ 88,860
Other comprehensive income (loss)	$ (14,891)	$ (49,790)	$ (18,950)	$ (76,516)

- Definition

Amount, after tax, of accumulated increase (decrease) in equity from transaction and other event and circumstance from nonowner source.

+ References + Details

- Definition

Amount after tax and reclassification adjustments of other comprehensive income (loss).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-SubTopic 10
-Topic 505
-Publisher FASB
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 830
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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-Section 45
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
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-Subparagraph (SX 210.7-04(19))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1

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-Topic 220
-SubTopic 10
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-Section 50
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482765/220-10-50-4

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 220
-SubTopic 10
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-Section 50
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-URI https://asc.fasb.org//1943274/2147482765/220-10-50-5

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 830
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 20
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481694/830-30-45-20

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(21))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2

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-Topic 942
-SubTopic 220
-Name Accounting Standards Codification
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-Topic 220
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-Topic 220
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Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 1A
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482790/220-10-45-1A

+ Details

RESTRUCTURING - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2023	Sep. 30, 2023	Sep. 30, 2023	Sep. 30, 2022
Restructuring Cost and Reserve [Line Items]
Restructuring charges			$ 21,113	$ 0
2022 Restructuring Program
Restructuring Cost and Reserve [Line Items]
Restructuring charges		$ (139)	17,715
Payments for restructuring			29,425
South America Restructuring Program
Restructuring Cost and Reserve [Line Items]
Restructuring charges		19,101	19,101
Deferred tax asset		5,500	5,500
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal		(21,100)	(21,100)
Personnel expenses \| 2022 Restructuring Program
Restructuring Cost and Reserve [Line Items]
Restructuring charges		(67)	1,839
Personnel expenses \| South America Restructuring Program
Restructuring Cost and Reserve [Line Items]
Restructuring charges		3,350	3,350
Personnel expenses \| NAST \| South America Restructuring Program
Restructuring Cost and Reserve [Line Items]
Restructuring charges		0	0
Personnel expenses \| Global Forwarding \| South America Restructuring Program
Restructuring Cost and Reserve [Line Items]
Restructuring charges		2,600	2,600
Personnel expenses \| All Other and Corporate \| South America Restructuring Program
Restructuring Cost and Reserve [Line Items]
Restructuring charges		750	750
Other selling, general, and administrative expenses \| 2022 Restructuring Program
Restructuring Cost and Reserve [Line Items]
Restructuring charges		193	1,322
Payments for restructuring			415
Other selling, general, and administrative expenses \| South America Restructuring Program
Restructuring Cost and Reserve [Line Items]
Restructuring charges		21,252	21,252
Other selling, general, and administrative expenses \| NAST \| 2022 Restructuring Program
Restructuring Cost and Reserve [Line Items]
Restructuring charges		4	8
Other selling, general, and administrative expenses \| NAST \| South America Restructuring Program
Restructuring Cost and Reserve [Line Items]
Restructuring charges		0	0
Other selling, general, and administrative expenses \| Global Forwarding \| 2022 Restructuring Program
Restructuring Cost and Reserve [Line Items]
Restructuring charges		67	230
Other selling, general, and administrative expenses \| Global Forwarding \| South America Restructuring Program
Restructuring Cost and Reserve [Line Items]
Restructuring charges		21,012	21,012
Other selling, general, and administrative expenses \| All Other and Corporate \| 2022 Restructuring Program
Restructuring Cost and Reserve [Line Items]
Restructuring charges		122	1,084
Other selling, general, and administrative expenses \| All Other and Corporate \| South America Restructuring Program
Restructuring Cost and Reserve [Line Items]
Restructuring charges		240	240
Income tax benefit - South America \| South America Restructuring Program
Restructuring Cost and Reserve [Line Items]
Restructuring charges		(5,501)	(5,501)
Income tax benefit - South America \| NAST \| South America Restructuring Program
Restructuring Cost and Reserve [Line Items]
Restructuring charges		0	0
Income tax benefit - South America \| Global Forwarding \| South America Restructuring Program
Restructuring Cost and Reserve [Line Items]
Restructuring charges		(5,501)	(5,501)
Income tax benefit - South America \| All Other and Corporate \| South America Restructuring Program
Restructuring Cost and Reserve [Line Items]
Restructuring charges		0	0
Severance And Other Operating Expenses \| 2022 Restructuring Program
Restructuring Cost and Reserve [Line Items]
Payments for restructuring		2,200
Employee Severance \| Personnel expenses \| 2022 Restructuring Program
Restructuring Cost and Reserve [Line Items]
Restructuring charges		(265)	14,554
Employee Severance \| Personnel expenses \| South America Restructuring Program
Restructuring Cost and Reserve [Line Items]
Restructuring charges		$ 3,350	$ 3,350
Forecast \| 2022 Restructuring Program
Restructuring Cost and Reserve [Line Items]
Payments for restructuring	$ 5,700

RESTRUCTURING - Restructuring Charges (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2023	Sep. 30, 2022
Restructuring Cost and Reserve [Line Items]
Restructuring charges		$ 21,113	$ 0
2022 Restructuring Program
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ (139)	17,715
South America Restructuring Program
Restructuring Cost and Reserve [Line Items]
Restructuring charges	19,101	19,101
Personnel expenses \| 2022 Restructuring Program
Restructuring Cost and Reserve [Line Items]
Restructuring charges	(67)	1,839
Personnel expenses \| South America Restructuring Program
Restructuring Cost and Reserve [Line Items]
Restructuring charges	3,350	3,350
Other selling, general, and administrative expenses \| 2022 Restructuring Program
Restructuring Cost and Reserve [Line Items]
Restructuring charges	193	1,322
Other selling, general, and administrative expenses \| South America Restructuring Program
Restructuring Cost and Reserve [Line Items]
Restructuring charges	21,252	21,252
Income tax benefit - South America \| South America Restructuring Program
Restructuring Cost and Reserve [Line Items]
Restructuring charges	(5,501)	(5,501)
Accrued Severance and Other Personnel Expenses \| 2022 Restructuring Program
Restructuring Cost and Reserve [Line Items]
Restructuring charges		16,393
Employee Severance \| Personnel expenses \| 2022 Restructuring Program
Restructuring Cost and Reserve [Line Items]
Restructuring charges	(265)	14,554
Employee Severance \| Personnel expenses \| South America Restructuring Program
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 3,350	3,350
Restructuring Excluding Taxes \| South America Restructuring Program
Restructuring Cost and Reserve [Line Items]
Restructuring charges		24,602
Restructuring Excluding Taxes \| Other selling, general, and administrative expenses \| South America Restructuring Program
Restructuring Cost and Reserve [Line Items]
Restructuring charges		21,252
Restructuring Excluding Taxes \| Accrued Severance and Other Personnel Expenses \| South America Restructuring Program
Restructuring Cost and Reserve [Line Items]
Restructuring charges		$ 3,350

RESTRUCTURING - By Segment (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2023	Sep. 30, 2022
Restructuring Cost and Reserve [Line Items]
Restructuring charges		$ 21,113	$ 0
2022 Restructuring Program
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ (139)	17,715
South America Restructuring Program
Restructuring Cost and Reserve [Line Items]
Restructuring charges	19,101	19,101
Personnel expenses \| 2022 Restructuring Program
Restructuring Cost and Reserve [Line Items]
Restructuring charges	(67)	1,839
Personnel expenses \| South America Restructuring Program
Restructuring Cost and Reserve [Line Items]
Restructuring charges	3,350	3,350
Personnel expenses \| NAST \| South America Restructuring Program
Restructuring Cost and Reserve [Line Items]
Restructuring charges	0	0
Personnel expenses \| Global Forwarding \| South America Restructuring Program
Restructuring Cost and Reserve [Line Items]
Restructuring charges	2,600	2,600
Personnel expenses \| All Other and Corporate \| South America Restructuring Program
Restructuring Cost and Reserve [Line Items]
Restructuring charges	750	750
Other selling, general, and administrative expenses \| 2022 Restructuring Program
Restructuring Cost and Reserve [Line Items]
Restructuring charges	193	1,322
Other selling, general, and administrative expenses \| South America Restructuring Program
Restructuring Cost and Reserve [Line Items]
Restructuring charges	21,252	21,252
Other selling, general, and administrative expenses \| NAST \| 2022 Restructuring Program
Restructuring Cost and Reserve [Line Items]
Restructuring charges	4	8
Other selling, general, and administrative expenses \| NAST \| South America Restructuring Program
Restructuring Cost and Reserve [Line Items]
Restructuring charges	0	0
Other selling, general, and administrative expenses \| Global Forwarding \| 2022 Restructuring Program
Restructuring Cost and Reserve [Line Items]
Restructuring charges	67	230
Other selling, general, and administrative expenses \| Global Forwarding \| South America Restructuring Program
Restructuring Cost and Reserve [Line Items]
Restructuring charges	21,012	21,012
Other selling, general, and administrative expenses \| All Other and Corporate \| 2022 Restructuring Program
Restructuring Cost and Reserve [Line Items]
Restructuring charges	122	1,084
Other selling, general, and administrative expenses \| All Other and Corporate \| South America Restructuring Program
Restructuring Cost and Reserve [Line Items]
Restructuring charges	240	240
Income tax benefit - South America \| South America Restructuring Program
Restructuring Cost and Reserve [Line Items]
Restructuring charges	(5,501)	(5,501)
Income tax benefit - South America \| NAST \| South America Restructuring Program
Restructuring Cost and Reserve [Line Items]
Restructuring charges	0	0
Income tax benefit - South America \| Global Forwarding \| South America Restructuring Program
Restructuring Cost and Reserve [Line Items]
Restructuring charges	(5,501)	(5,501)
Income tax benefit - South America \| All Other and Corporate \| South America Restructuring Program
Restructuring Cost and Reserve [Line Items]
Restructuring charges	0	0
Severance and Other Personnel Expenses \| Personnel expenses \| 2022 Restructuring Program
Restructuring Cost and Reserve [Line Items]
Restructuring charges	(332)	16,393
Severance and Other Personnel Expenses \| Personnel expenses \| NAST \| 2022 Restructuring Program
Restructuring Cost and Reserve [Line Items]
Restructuring charges	(73)	1,083
Severance and Other Personnel Expenses \| Personnel expenses \| Global Forwarding \| 2022 Restructuring Program
Restructuring Cost and Reserve [Line Items]
Restructuring charges	(87)	2,142
Severance and Other Personnel Expenses \| Personnel expenses \| All Other and Corporate \| 2022 Restructuring Program
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ (172)	$ 13,168

RESTRUCTURING - Reserve (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
RESTRUCTURING - Reserve (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Sep. 30, 2023	Sep. 30, 2022
Restructuring Cost and Reserve [Line Items]
Restructuring charges		$ 21,113	$ 0
2022 Restructuring Program
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Beginning Balance		18,976
Restructuring charges	$ (139)	17,715
Cash payments		(29,425)
Settled non-cash		(907)
Accrual adjustments		(622)
Restructuring Reserve, Ending Balance	5,737	5,737
South America Restructuring Program
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Beginning Balance		0
Restructuring charges	19,101	19,101
Settled non-cash		(21,187)
Restructuring Reserve, Ending Balance	3,415	3,415
Accrued Severance and Other Personnel Expenses \| 2022 Restructuring Program
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Beginning Balance		18,976
Restructuring charges		16,393
Cash payments		(29,010)
Settled non-cash		0
Accrual adjustments		(622)
Restructuring Reserve, Ending Balance	5,737	5,737
Accrued Severance and Other Personnel Expenses \| South America Restructuring Program
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Beginning Balance		0
Settled non-cash		0
Restructuring Reserve, Ending Balance	3,350	3,350
Other selling, general, and administrative expenses \| 2022 Restructuring Program
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Beginning Balance		0
Restructuring charges	193	1,322
Cash payments		(415)
Settled non-cash		(907)
Accrual adjustments		0
Restructuring Reserve, Ending Balance	0	0
Other selling, general, and administrative expenses \| South America Restructuring Program
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Beginning Balance		0
Restructuring charges	21,252	21,252
Settled non-cash		(21,187)
Restructuring Reserve, Ending Balance	$ 65	$ 65

RESTRUCTURING - Held for Sale (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Sep. 30, 2022
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash and cash equivalents	$ 2,486	$ 0
South America Restructuring Program \| Disposal Group, Held-for-Sale, Not Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash and cash equivalents	2,486
Receivables	23,710
Property and equipment	431
Right-of-use lease assets	128
Other assets	415
Valuation allowance	(21,113)
Total assets held for sale(1)	6,057
Accounts payable	5,115
Lease liabilities	566
Other liabilities	376
Total liabilities held for sale(2)	$ 6,057