C. H. ROBINSON WORLDWIDE, INC., 10-Q filed on 10/31/2025
Quarterly Report
v3.25.3
Cover - shares
 9 Months Ended
Sep. 30, 2025
Oct. 29, 2025
Cover [Abstract]    
Document Type 10-Q  
Document Quarterly Report true  
Document Period End Date Sep. 30, 2025  
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 2025  
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, $0.10 par value  
Trading Symbol CHRW  
Security Exchange Name NASDAQ  
Entity Current Reporting Status Yes  
Entity Interactive Data Current Yes  
Entity Filer Category Large Accelerated Filer  
Entity Emerging Growth Company false  
Entity Small Business false  
Entity Shell Company false  
Entity Common Stock, Shares Outstanding   118,137,178
v3.25.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 136,837 $ 145,762
Receivables, net of allowance for credit loss of $14,322 and $13,285 2,542,704 2,383,709
Contract assets, net of allowance for credit loss 177,623 200,332
Prepaid expenses and other 129,326 102,166
Assets held for sale 0 137,634
Total current assets 2,986,490 2,969,603
Property and equipment, net of accumulated depreciation and amortization 120,733 127,189
Goodwill 1,441,144 1,428,965
Intangible Assets, Net 20,748 28,193
Right-of-use lease assets 291,051 334,738
Deferred tax assets 268,500 300,909
Other assets 99,188 108,329
Total assets 5,227,854 5,297,926
Current liabilities:    
Accounts payable 1,279,636 1,178,335
Outstanding checks 28,130 33,797
Accrued expenses:    
Compensation 172,356 180,801
Transportation expense 139,180 153,274
Income taxes 24,108 9,326
Other accrued liabilities 168,458 173,318
Current lease liabilities 72,200 72,842
Current portion of debt 0 455,792
Liabilities held for sale 0 67,413
Total current liabilities 1,884,068 2,324,898
Long-term debt 1,183,150 921,857
Noncurrent lease liabilities 247,068 290,641
Noncurrent income taxes payable 42,776 23,472
Deferred tax liabilities 9,717 12,565
Other long-term liabilities 4,034 2,442
Total liabilities 3,370,813 3,575,875
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; 179,199 and 179,199 shares issued, 118,421 and 118,664 outstanding 11,842 11,866
Additional paid-in capital 742,006 775,054
Retained earnings 6,011,521 5,786,337
Accumulated other comprehensive loss (74,654) (110,402)
Treasury stock at cost (60,778 and 60,535 shares) (4,833,674) (4,740,804)
Total stockholders’ investment 1,857,041 1,722,051
Total liabilities and stockholders’ investment $ 5,227,854 $ 5,297,926
v3.25.3
Condensed Consolidated Balance Sheets (Parenthetical) - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Statement of Financial Position [Abstract]    
Receivable, allowance for credit loss $ 14,322 $ 13,285
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) 179,199,000 179,199,000
Common stock, outstanding (shares) 118,421,000 118,664,000
Treasury stock (shares) 60,778,000 60,535,000
v3.25.3
Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenues:        
Total revenues $ 4,136,846 $ 4,644,641 $ 12,320,129 $ 13,540,300
Costs and expenses:        
Personnel expenses 349,302 361,559 1,033,177 1,101,868
Other selling, general, and administrative expenses 135,939 193,575 425,611 493,181
Total costs and expenses 3,916,010 4,464,522 11,706,521 13,054,958
Income from operations 220,836 180,119 613,608 485,342
Interest and other income/expense, net (15,602) (36,282) (57,679) (74,587)
Income before provision for income taxes 205,234 143,837 555,929 410,755
Provision for income taxes 42,247 46,608 105,169 94,371
Net income 162,987 97,229 450,760 316,384
Other comprehensive (loss) income (2,772) 29,494 35,748 8,691
Comprehensive income $ 160,215 $ 126,723 $ 486,508 $ 325,075
Basic net income per share (in dollars per share) $ 1.36 $ 0.81 $ 3.75 $ 2.65
Diluted net income per share (in dollars per share) $ 1.34 $ 0.80 $ 3.71 $ 2.63
Basic weighted average shares outstanding (shares) 119,887 119,860 120,363 119,542
Dilutive effect of outstanding stock awards (shares) 1,462 1,319 1,050 613
Diluted weighted average shares outstanding (shares) 121,349 121,179 121,413 120,155
Transportation        
Revenues:        
Total revenues $ 3,783,535 $ 4,278,300 $ 11,252,110 $ 12,482,818
Costs and expenses:        
Purchased products and services 3,112,683 3,575,983 9,286,694 10,501,362
Sourcing        
Revenues:        
Total revenues 353,311 366,341 1,068,019 1,057,482
Costs and expenses:        
Purchased products and services $ 318,086 $ 333,405 $ 961,039 $ 958,547
v3.25.3
Condensed Consolidated Statements of Stockholders' Investment - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Jun. 30, 2025
Mar. 31, 2025
Sep. 30, 2024
Jun. 30, 2024
Mar. 31, 2024
Sep. 30, 2025
Sep. 30, 2024
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Beginning balance (in shares)     118,664       118,664  
Beginning balance $ 1,784,387 $ 1,734,725 $ 1,722,051 $ 1,510,441 $ 1,429,994 $ 1,418,697 $ 1,722,051 $ 1,418,697
Net income 162,987 152,471 135,302 97,229 126,251 92,904 $ 450,760 316,384
Foreign currency adjustments (2,772) 28,085 10,435 29,494 (1,313) (19,490)    
Dividends declared (75,456) (75,702) (74,418) (75,896) (74,006) (74,065)    
Stock issued for employee benefit plans 81,657 5,458 (33,021) 56,794 9,943 (10,725)    
Stock-based compensation expense 18,746 20,882 23,146 22,004 19,572 22,673    
Repurchase of common stock $ (112,508) (81,532) (48,770)          
Ending balance (in shares) 118,421           118,421  
Ending balance $ 1,857,041 $ 1,784,387 $ 1,734,725 $ 1,640,066 $ 1,510,441 $ 1,429,994 $ 1,857,041 $ 1,640,066
Dividends declared, per share (in dollars per share) $ 0.62 $ 0.62 $ 0.62 $ 0.62 $ 0.61 $ 0.61    
Common Stock                
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Beginning balance (in shares) 118,317 118,958 118,664 117,262 117,000 116,768 118,664 116,768
Beginning balance $ 11,832 $ 11,896 $ 11,866 $ 11,726 $ 11,700 $ 11,677 $ 11,866 $ 11,677
Stock issued for employee benefit plans (in shares) 1,062 229 779 821 262 232    
Stock issued for employee benefit plans $ 106 $ 23 $ 78 $ 82 $ 26 $ 23    
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) (958) (870) (485)          
Repurchase of common stock $ (96) $ (87) $ (48)          
Ending balance (in shares) 118,421 118,317 118,958 118,083 117,262 117,000 118,421 118,083
Ending balance $ 11,842 $ 11,832 $ 11,896 $ 11,808 $ 11,726 $ 11,700 $ 11,842 $ 11,808
Additional Paid-in Capital                
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Beginning balance 724,076 715,021 775,054 756,135 746,998 754,093 775,054 754,093
Stock issued for employee benefit plans (816) (11,827) (83,179) (6,654) (10,435) (29,768)    
Stock-based compensation expense 18,746 20,882 23,146 22,004 19,572 22,673    
Ending balance 742,006 724,076 715,021 771,485 756,135 746,998 742,006 771,485
Retained Earnings                
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Beginning balance 5,923,990 5,847,221 5,786,337 5,691,874 5,639,629 5,620,790 5,786,337 5,620,790
Net income 162,987 152,471 135,302 97,229 126,251 92,904    
Dividends declared (75,456) (75,702) (74,418) (75,896) (74,006) (74,065)    
Ending balance 6,011,521 5,923,990 5,847,221 5,713,207 5,691,874 5,639,629 6,011,521 5,713,207
Accumulated Other Comprehensive Loss                
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Beginning balance (71,882) (99,967) (110,402) (101,749) (100,436) (80,946) (110,402) (80,946)
Foreign currency adjustments (2,772) 28,085 10,435 29,494 (1,313) (19,490)    
Ending balance (74,654) (71,882) (99,967) (72,255) (101,749) (100,436) (74,654) (72,255)
Treasury Stock                
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Beginning balance (4,803,629) (4,739,446) (4,740,804) (4,847,545) (4,867,897) (4,886,917) (4,740,804) (4,886,917)
Stock issued for employee benefit plans 82,367 17,262 50,080 63,366 20,352 19,020    
Stock-based compensation expense 0 0 0 0 0 0    
Repurchase of common stock (112,412) (81,445) (48,722)          
Ending balance $ (4,833,674) $ (4,803,629) $ (4,739,446) $ (4,784,179) $ (4,847,545) $ (4,867,897) $ (4,833,674) $ (4,784,179)
v3.25.3
Condensed Consolidated Statements of Stockholders' Investment (Parenthetical) - $ / shares
 3 Months Ended
Sep. 30, 2025
Jun. 30, 2025
Mar. 31, 2025
Sep. 30, 2024
Jun. 30, 2024
Mar. 31, 2024
Statement of Stockholders' Equity [Abstract]            
Dividends declared, per share (in dollars per share) $ 0.62 $ 0.62 $ 0.62 $ 0.62 $ 0.61 $ 0.61
v3.25.3
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
OPERATING ACTIVITIES    
Net income $ 450,760 $ 316,384
Adjustments to reconcile net income to net cash (used for) provided by operating activities:    
Depreciation and amortization 76,337 72,880
Provision for credit losses 6,571 3,755
Stock-based compensation 62,774 64,249
Deferred income taxes 30,564 (7,033)
Excess tax benefit on stock-based compensation (15,621) (5,509)
Change in loss on disposal group (569) 48,232
Other operating activities 7,172 11,845
Changes in operating elements:    
Receivables (89,325) (398,059)
Contract assets 23,035 (88,171)
Prepaid expenses and other (26,521) 24,588
Increase (Decrease) in Right of Use Asset 42,475 5,884
Accounts payable and outstanding checks 79,171 77,397
Accrued compensation (9,903) 33,921
Accrued transportation expense (14,094) 68,588
Accrued income taxes 49,418 10,634
Other accrued liabilities (16,168) 4,809
Increase (Decrease) in Operating Lease Liability (49,701) (5,917)
Other assets and liabilities 2,730 2,677
Net cash provided by operating activities 609,105 241,154
INVESTING ACTIVITIES    
Purchases of property and equipment (16,615) (19,977)
Purchases and development of software (38,246) (39,122)
Proceeds from divestiture 27,737 0
Net cash used for investing activities (27,124) (59,099)
FINANCING ACTIVITIES    
Proceeds from stock issued for employee benefit plans 112,076 79,914
Stock tendered for payment of withholding taxes (57,982) (23,902)
Repurchase of common stock (240,257) 0
Cash dividends (227,053) (220,256)
Proceeds from long-term borrowings 344,000 0
Payments on long-term borrowings (512,000) (10,000)
Proceeds from short-term borrowings 1,548,800 2,461,500
Payments on short-term borrowings (1,575,800) (2,471,500)
Net cash used for financing activities (608,216) (184,244)
Effect of exchange rates on cash and cash equivalents 6,534 (653)
Net change in cash and cash equivalents, including cash and cash equivalents classified within assets held for sale (19,701) (2,842)
Plus: net decrease (increase) in cash and cash equivalents within assets held for sale 10,776 (10,978)
Cash and cash equivalents, beginning of period 145,762 145,524
Cash and cash equivalents, end of period $ 136,837 $ 131,704
v3.25.3
BASIS OF PRESENTATION
 9 Months Ended
Sep. 30, 2025
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 Solutions, 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, 2024.
RECENTLY ISSUED ACCOUNTING STANDARDS
In September 2025, the FASB issued Accounting Standard Update (“ASU”) 2025-06, Intangibles-Goodwill and Other-Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software. The guidance in this ASU modernizes the accounting for internal-use software by replacing the previous software project development stage guidance with a principles-based capitalization threshold, which focuses on management’s commitment to fund the project and the probability of its completion. The guidance in this ASU is effective for all public entities for fiscal years beginning after December 15, 2027, and interim periods within those fiscal years. The update may be adopted using either a prospective, modified prospective, or retrospective approach. Early adoption is permitted. The Company is currently evaluating the effects adoption of this guidance will have on our consolidated financial statements.
In July 2025, the FASB issued ASU 2025-05 that amends ASC 326, Financial Instruments — Credit Losses: Measurement of Credit Losses for Accounts Receivable and Contract Assets for Public Business Entities. The guidance provides a practical expedient that allows public entities to estimate expected credit losses on accounts receivable and contract assets by assuming current economic conditions persist for the remaining life of the asset. The guidance is effective for fiscal years beginning after December 15, 2025, including interim periods within those fiscal years. Early adoption is permitted. The Company expects to adopt the provisions of ASU 2025-05 on January 1, 2026. The adoption of this ASU is not expected to have a material impact on the Company’s consolidated financial statements.
In November 2024, the FASB issued ASU 2024-03, Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses, which requires disclosure of disaggregated information about certain income statement expense line items in the notes to the financial statements. The guidance in this ASU is effective for all public entities for fiscal years beginning after December 15, 2026, and interim periods within fiscal years beginning after December 15, 2027. The update may be applied either prospectively or retrospectively. Early adoption is permitted. The Company is currently evaluating the effects adoption of this guidance will have on our consolidated financial statements.

In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures. The guidance in this ASU expands the disclosure requirements for income taxes by requiring greater disaggregation of information in the income tax rate reconciliation and disaggregation of income taxes paid by jurisdiction. The guidance in this ASU is effective for all public entities for fiscal years beginning after December 15, 2024. Early adoption is permitted. The Company expects to adopt the provisions of ASU 2023-09 in its Form 10-K for the year ending December 31, 2025. The adoption of this ASU is not expected to have a material impact on the Company’s 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, 2024, includes a summary of the significant accounting policies and methods used in the preparation of our consolidated financial statements.
v3.25.3
GOODWILL AND OTHER INTANGIBLE ASSETS
 9 Months Ended
Sep. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND OTHER INTANGIBLE ASSETS GOODWILL AND OTHER INTANGIBLE ASSETS
The change in carrying amount of goodwill is as follows (in thousands):
NASTGlobal ForwardingAll Other and CorporateTotal
Balance, December 31, 2024(1)
$1,179,444 $202,498 $75,617 $1,457,559 
Foreign currency translation6,539 5,338 405 12,282 
Divestitures(2)
— — (28,697)(28,697)
Balance, September 30, 2025
$1,185,983 $207,836 $47,325 $1,441,144 
_________________________________________
(1) Includes $28.6 million of goodwill for the Europe Surface Transportation disposal group, which is presented within assets held for sale on the condensed consolidated balance sheets as of December 31, 2024. Refer to Note 14, Divestitures, for further discussion related to the sale of our Europe Surface Transportation business.
(2) On February 1, 2025, the Company completed the sale of our Europe Surface Transportation business. In connection with the sale, we disposed of goodwill included in the Europe Surface Transportation disposal group. Refer to Note 14, Divestitures, for further discussion related to the sale of our Europe Surface Transportation business.
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 2024 annual impairment test, we determined that the fair value of our reporting units exceeded their respective carrying values and our goodwill balance was not impaired.
There were no changes in circumstances or events identified in the third quarter of 2025 that would indicate an interim impairment analysis was required for any of our remaining reporting units as of September 30, 2025.
Identifiable intangible assets consisted of the following (in thousands):
September 30, 2025
December 31, 2024
CostAccumulated AmortizationNetCostAccumulated AmortizationNet
Finite-lived intangibles
Customer relationships(1)
$72,089 $(59,941)$12,148 $78,280 $(55,984)$22,296 
Indefinite-lived intangibles
Trademarks8,600 — 8,600 8,600 — 8,600 
Total intangibles$80,689 $(59,941)$20,748 $86,880 $(55,984)$30,896 
_________________________________________
(1) Includes $2.7 million of net intangible assets for the Europe Surface Transportation disposal group, which is presented within assets held for sale on the condensed consolidated balance sheets as of December 31, 2024. Refer to Note 14, Divestitures, for further discussion related to the sale of our Europe Surface Transportation business.
Amortization expense for other intangible assets is as follows (in thousands):
Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Amortization expense$2,571 $2,979 $7,682 $9,596 
Finite-lived intangible assets, by reportable segment, as of September 30, 2025, will be amortized over their remaining lives as follows (in thousands):
NASTGlobal ForwardingTotal
Remainder of 2025$1,964 $610 $2,574 
20267,857 407 8,264 
20271,310 — 1,310 
Total$12,148 
v3.25.3
FAIR VALUE MEASUREMENT
 9 Months Ended
Sep. 30, 2025
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 — In 2024, we entered into an agreement to sell our Europe Surface Transportation business. The sale closed with an effective date of February 1, 2025. The sale included all of the assets and liabilities of the business other than our proprietary technology platform (the “Europe Surface Transportation disposal group”). The Europe Surface Transportation disposal group was classified as held for sale as of December 31, 2024. We measured the Europe Surface Transportation disposal group at its fair value less costs incurred to sell and recorded a $44.5 million loss in the twelve months ended December 31, 2024. The fair value of the assets and liabilities held for sale were classified as Level 2 in the fair value hierarchy based on the negotiated sale price, which is an observable market-based input. There are no remaining assets and liabilities held for sale as of September 30, 2025. Refer to Note 14, Divestitures, for further discussion related to the sale of our Europe Surface Transportation business.
Foreign Currency Derivatives — We may seek to manage our exposure to the risk of fluctuations in foreign currency exchange rates through the use of foreign currency forward contracts. Foreign currency forward contracts are accounted for at fair value with the recognition of all derivative instruments as either assets or liabilities on the balance sheet, and changes in fair value recognized in interest and other income/expenses, net in the consolidated statements of operations and comprehensive income. These contracts are accounted for as non-designated hedges pursuant to ASC Topic 815, “Derivatives and Hedging.” Foreign currency forward contracts are classified under Level 2 of the fair value hierarchy and are measured using market-based rates. The impact of foreign currency forward contracts was not material as of and for the three and nine months ended September 30, 2025.
We had no other Level 2 or Level 3 assets or liabilities as of September 30, 2025, and December 31, 2024. There were no transfers between levels during the period.
v3.25.3
FINANCING ARRANGEMENTS
 9 Months Ended
Sep. 30, 2025
Debt Disclosure [Abstract]  
FINANCING ARRANGEMENTS FINANCING ARRANGEMENTS
The components of our short-term and long-term debt and the associated interest rates were as follows (dollars in thousands):
Average interest rate as ofCarrying value as of
September 30,
2025		December 31,
2024		MaturitySeptember 30,
2025		December 31,
2024
Revolving credit facility5.39 %5.58 %November 2027$— $9,000 
Senior Notes, Series B4.26 %4.26 %August 2028150,000 150,000 
Senior Notes, Series C4.60 %4.60 %August 2033175,000 175,000 
Receivables Securitization Facility(1)
5.03 %5.23 %August 2027260,599 446,792 
Senior Notes(1)
4.20 %4.20 %April 2028597,551 596,857 
Total debt1,183,150 1,377,649 
Less: Current maturities and short-term borrowing— (455,792)
Long-term debt$1,183,150 $921,857 
____________________________________________
(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, which may be reduced by standby letters of credit. The Credit Agreement has 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, 2025, the variable rate equaled SOFR and a credit spread adjustment of 0.10 percent plus 1.00 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.
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 $314.5 million on September 30, 2025. 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, 2025. The interest rate on borrowings under the Receivables Securitization Facility is based on SOFR plus a credit spread adjustment of 0.10 percent plus 0.80 percent. In addition, there is a commitment fee on the average daily undrawn stated amount under the facility of 0.20 percent.
The recorded amount of borrowings outstanding under 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.
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 August 12, 2025, we amended the Receivables Securitization Facility to extend the termination date of the facility to August 12, 2027. The total available remains $500 million, and we have the option to utilize an accordion feature, if needed, of an additional $250 million pursuant to the provisions of the Receivables Purchase Agreement, amended by the Receivables Purchase Amendment.
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 $601.0 million as of September 30, 2025, based primarily on the market prices quoted from external sources. The carrying value of the Senior Notes was $597.6 million as of September 30, 2025.
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 $20 million discretionary line of credit with U.S. Bank of which $18.9 million is utilized for standby letters of credit related to insurance collateral as of September 30, 2025. These standby letters of credit are renewed annually and were undrawn as of September 30, 2025.
v3.25.3
INCOME TAXES
 9 Months Ended
Sep. 30, 2025
Income Tax Disclosure [Abstract]  
INCOME TAXES 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 below.
Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Federal statutory rate21.0 %21.0 %21.0 %21.0 %
State income taxes, net of federal benefit2.4 3.2 2.3 2.7 
Share based payment awards(3.8)(2.7)(3.3)(1.4)
Foreign tax credits(2.0)13.7 (2.0)3.8 
Other U.S. tax credits and incentives0.3 (5.1)(0.9)(5.8)
Foreign tax rate differential0.5 (4.5)(0.4)(0.4)
Business divestitures(1)
— 7.9 — 2.8 
Section 162(m) limitation on compensation1.6 1.1 1.5 1.0 
Other0.6 (2.2)0.7 (0.7)
Effective income tax rate20.6 %32.4 %18.9 %23.0 %
____________________________________________
(1) Amounts in the three and nine months ended September 30, 2024 relate to the divestiture of our Europe Surface Transportation business. Refer to Note 14, Divestitures, for further discussion.
In 2021, the Organization for Economic Cooperation and Development announced an Inclusive Framework on Base Erosion and Profit Shifting including Pillar Two Model Rules defining the global minimum tax, which calls for the taxation of large multinational corporations at a minimum rate of 15 percent. Subsequently, multiple sets of administrative guidance have been issued. Many non-U.S. tax jurisdictions have either recently enacted legislation to adopt certain components of the Pillar Two Model Rules beginning in 2024 (including the European Union Member States) with the adoption of additional components in later years or announced their plans to enact legislation in future years. We are continuing to evaluate the impact of enacted legislation and pending legislation to enact Pillar Two Model Rules in the tax jurisdictions we operate in.
On July 4, 2025, the One Big Beautiful Bill Act (the “OBBBA” or the “Act”) was signed into law. The OBBBA makes permanent key elements of the Tax Cuts and Jobs Act, including 100 percent bonus depreciation, domestic research cost expensing, and the business interest expense limitation. The Act also included modifications to the international tax framework. ASC 740, “Income Taxes,” requires the effects of changes in tax rates and laws on deferred tax balances to be recognized in the period in which the legislation is enacted. We will evaluate all deferred tax balances under the newly enacted tax law and identify any changes required to our financial statements as a result of the OBBBA. The legislation has multiple effective dates, with certain provisions effective in 2025 and others effective through 2027. As of September 30, 2025, we have not recorded any adjustments related to the OBBBA. We are continuing to assess its impact on our consolidated financial statements and will update our disclosures as necessary in future periods.
As of September 30, 2025, we have $42.8 million of unrecognized tax benefits and related interest and penalties. It is possible the amount of unrecognized tax benefits 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 $1.2 million in the next 12 months due to the lapsing of statutes of limitations. With few exceptions, we are no longer subject to audits of U.S. federal, state and local, or non-U.S. income tax returns before 2020.
v3.25.3
STOCK AWARD PLANS
 9 Months Ended
Sep. 30, 2025
Share-Based Payment Arrangement [Abstract]  
STOCK AWARD PLANS STOCK AWARD PLANS
Stock-based compensation cost is measured at the grant date based on the value of the award and is recognized as expense as it vests. A summary of our total compensation expense recognized in our condensed consolidated statements of operations and comprehensive income for stock-based compensation is as follows (in thousands):
Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Stock options$— $1,094 $— $3,258 
Stock awards18,214 20,330 60,311 58,530 
Company expense on ESPP discount532 580 2,463 2,461 
Total stock-based compensation expense$18,746 $22,004 $62,774 $64,249 
On May 5, 2022, our shareholders approved a 2022 Equity Incentive Plan (the “Plan”), authorizing the issuance of up to 4,261,884 shares pursuant to awards granted under the Plan. On May 8, 2025, the Plan was amended and restated, and our shareholders approved an increase in the number of shares authorized for issuance by 4,000,000. The Plan allows us to grant certain stock awards, including stock options at fair market value, performance-based restricted stock units (“PSUs”) 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 may become available again for issuance under the Plan. There were 4,646,611 shares available for stock awards under the Plan as of September 30, 2025.
Stock Options – We have awarded stock options to certain key employees that vest primarily based on their continued employment. These awards are fully vested and there is no remaining unrecognized compensation expense related to stock options as of September 30, 2025. The outstanding options have expiration dates between 2025 and 2030. Although participants can exercise options via a stock swap exercise, we do not issue reloads (restoration options) on the grants.
Stock Awards – We have awarded performance-based restricted shares, PSUs, and time-based restricted stock units. Most of our awards granted prior to 2024 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 20 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 PSUs on an annual basis 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. These time-based awards are granted on an annual basis and vest over a three-year period. In 2023, we also granted retention awards, which vest over a one-year to three-year period. These awards vest primarily based on the passage of time and the employee’s continued employment.
We granted 300,366 PSUs at target and 477,962 time-based restricted stock units in February 2025 that vest over a three-year period. The PSUs will vest upon achieving cumulative three-year dilutive earnings per share targets and contain an upside opportunity of up to 200 percent. The PSUs and time-based restricted stock unit awards had a weighted average grant date fair value of $96.75 and provide for two-years of post-termination vesting upon a qualified retirement.
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, 2025, there was unrecognized compensation expense of $182.0 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, 2025
Shares purchased
by employees
Aggregate cost
to employees
Expense recognized
by the company
26,792 $3,015 $532 
v3.25.3
LITIGATION
 9 Months Ended
Sep. 30, 2025
Commitments and Contingencies Disclosure [Abstract]  
LITIGATION LITIGATION
We 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 condensed consolidated financial position, results of operations, or cash flows.
v3.25.3
SEGMENT REPORTING
 9 Months Ended
Sep. 30, 2025
Segment Reporting [Abstract]  
SEGMENT REPORTING SEGMENT REPORTING
Our 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. The internal reporting of segments is aligned with the reporting and review process used by our chief operating decision maker (“CODM”), our Chief Executive Officer. We do not report our intersegment revenues by segment to our CODM and do not believe they are a meaningful metric for evaluating the performance of our reportable segments.
Our CODM utilizes segment operating income as the primary measure to evaluate the performance of our reportable segments. Operating income is an important measure of our ability to optimize our cost structure through innovation of our proprietary operating systems and accelerating the capabilities of our workforce. It also guides the allocation of resources, including employees, technology investments, and capital resource investments to each segment. Additionally, operating income is also an important measure of our ability to maintain pricing discipline and driving profitable growth while effectively serving our customers and contract carriers. We consider operating income to be our primary performance metric. The review of segment performance and the allocation of resources occurs primarily in the annual budgeting process and through a regular cadence of operating reviews to monitor the progress of strategic initiatives included in our enterprise balanced scorecard. We identify two reportable segments with all other segments included in “All Other and Corporate” as follows:
•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 are 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, Asia, Europe, 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 Solutions 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/or marketing of fresh fruits, vegetables, and other value-added perishable items. Managed Solutions provides Transportation Management Services, or Managed TMS. Other Surface Transportation revenues were primarily earned by our Europe Surface Transportation segment which was sold effective February 1, 2025. Europe Surface Transportation provided transportation and logistics services including truckload and LTL transportation services across Europe. Refer to Note 14, Divestitures, for further discussion related to the sale of our Europe Surface Transportation business.
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, 2024.
Reportable segment information is as follows for the three months ended September 30, 2025 and 2024 (dollars in thousands):

 
Three Months Ended September 30, 2025
NASTGlobal ForwardingTotal
Revenues from external customers$2,965,694 $786,347 $3,752,041 
Other revenues from external customers(1)
384,805 
Total consolidated revenues
4,136,846 
Less significant segment expenses:
Purchased transportation and related services (2)
2,521,555 594,592 
Personnel expenses (2)
162,086 92,507 
Other selling, general, and administrative expenses (2)
109,175 50,227 
Segment operating income172,878 49,021 221,899 
Other operating income (loss)(1)
(1,063)
Total consolidated operating income
220,836 
Interest and other income/expenses, net
(15,602)
Income before provision for income taxes
$205,234 

 
Three Months Ended September 30, 2024
NASTGlobal ForwardingTotal
Revenues from external customers$2,934,617 $1,141,190 $4,075,807 
Other revenues from external customers(1)
568,834 
Total consolidated revenues
4,644,641 
Less significant segment expenses:
Purchased transportation and related services (2)
2,513,953 906,554 
Personnel expenses (2)
164,122 92,419 
Other selling, general, and administrative expenses (2)
107,775 54,102 
Segment operating income148,767 88,115 236,882 
Other operating income (loss)(1)
(56,763)
Total consolidated operating income
180,119 
Interest and other income/expenses, net
(36,282)
Income before provision for income taxes
$143,837 
_______________________________________
(1) Other revenues from external customers and other operating income (loss) are attributable to our Robinson Fresh and Managed Solutions segments, as well as Other Surface Transportation outside of North America and other miscellaneous revenues and unallocated corporate expenses.
(2) The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM.
Reportable segment information is as follows for the nine months ended September 30, 2025 and 2024 (dollars in thousands):

 
Nine Months Ended September 30, 2025
NASTGlobal ForwardingTotal
Revenues from external customers$8,752,341 $2,359,035 $11,111,376 
Other revenues from external customers(1)
1,208,753 
Total consolidated revenues
12,320,129 
Less significant segment expenses:
Purchased transportation and related services(2)
7,457,630 1,795,071 
Personnel expenses(2)
483,070 268,295 
Other selling, general, and administrative expenses(2)
331,101 152,375 
Segment operating income480,540 143,294 623,834 
Other operating income (loss)(1)
(10,226)
Total consolidated operating income
613,608 
Interest and other income/expenses, net
(57,679)
Income before provision for income taxes
$555,929 

 
Nine Months Ended September 30, 2024
NASTGlobal ForwardingTotal
Revenues from external customers$8,924,839 $2,921,050 $11,845,889 
Other revenues from external customers(1)
1,694,411 
Total consolidated revenues
13,540,300 
Less significant segment expenses:
Purchased transportation and related services(2)
7,687,408 2,322,302 
Personnel expenses(2)
510,110 279,077 
Other selling, general, and administrative expenses(2)
328,557 159,022 
Segment operating income398,764 160,649 559,413 
Other operating income (loss)(1)
(74,071)
Total consolidated operating income
485,342 
Interest and other income/expenses, net
(74,587)
Income before provision for income taxes
$410,755 
_______________________________________
(1) Other revenues from external customers and other operating income (loss) are attributable to our Robinson Fresh and Managed Solutions segments, as well as Other Surface Transportation outside of North America and other miscellaneous revenues and unallocated corporate expenses.
(2) The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM.
Reportable segment information is as follows for the three and nine months ended 2025 and 2024 (dollars in thousands):

NASTGlobal ForwardingAll Other and CorporateConsolidated
Three Months Ended September 30, 2025
Depreciation and amortization$4,874 $2,250 $18,705 $25,829 
Total assets(1)
2,978,317 1,233,692 1,015,845 5,227,854 
Average employee headcount5,187 4,245 3,127 12,559 
NASTGlobal ForwardingAll Other and CorporateConsolidated
Three Months Ended September 30, 2024
Depreciation and amortization$4,904 $2,608 $16,436 $23,948 
Total assets(1)
3,026,031 1,566,427 1,020,897 5,613,355 
Average employee headcount5,595 4,552 3,938 14,085 
NASTGlobal ForwardingAll Other and CorporateConsolidated
Nine Months Ended September 30, 2025
Depreciation and amortization$14,498 $6,577 $55,262 $76,337 
Total assets(1)
2,978,317 1,233,692 1,015,845 5,227,854 
Average employee headcount5,234 4,380 3,339 12,953 
NASTGlobal ForwardingAll Other and CorporateConsolidated
Nine Months Ended September 30, 2024
Depreciation and amortization$15,779 $8,245 $48,856 $72,880 
Total assets(1)
3,026,031 1,566,427 1,020,897 5,613,355 
Average employee headcount5,800 4,714 4,023 14,537 
_________________________________________
(1) All cash and cash equivalents are included in All Other and Corporate.
v3.25.3
REVENUE FROM CONTRACTS WITH CUSTOMERS
 9 Months Ended
Sep. 30, 2025
Revenue from Contract with Customer [Abstract]  
REVENUE FROM CONTRACTS WITH CUSTOMERS 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, 2025
NASTGlobal ForwardingAll Other and CorporateTotal
Major Service Lines
Transportation and logistics services(1)
$2,965,694 $786,347 $31,494 $3,783,535 
Sourcing(2)
— — 353,311 353,311 
Total revenues$2,965,694 $786,347 $384,805 $4,136,846 
Three Months Ended September 30, 2024
NASTGlobal ForwardingAll Other and CorporateTotal
Major Service Lines
Transportation and logistics services(1)
$2,934,617 $1,141,190 $202,493 $4,278,300 
Sourcing(2)
— — 366,341 366,341 
Total revenues$2,934,617 $1,141,190 $568,834 $4,644,641 
Nine Months Ended September 30, 2025
NASTGlobal ForwardingAll Other and CorporateTotal
Major Service Lines
Transportation and logistics services(1)
$8,752,341 $2,359,035 $140,734 $11,252,110 
Sourcing(2)
— — 1,068,019 1,068,019 
Total revenues$8,752,341 $2,359,035 $1,208,753 $12,320,129 
Nine Months Ended September 30, 2024
NASTGlobal ForwardingAll Other and CorporateTotal
Major Service Lines
Transportation and logistics services(1)
$8,924,839 $2,921,050 $636,929 $12,482,818 
Sourcing(2)
— — 1,057,482 1,057,482 
Total revenues$8,924,839 $2,921,050 $1,694,411 $13,540,300 
____________________________________________
(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, 2025, and revenue recognized in the three and nine months ended September 30, 2025, and 2024 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.
v3.25.3
LEASES
 9 Months Ended
Sep. 30, 2025
Leases [Abstract]  
LEASES LEASES
We 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, and trailers. 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 twelve 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 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, 2025.
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 Costs2025
2024(1)
2025
2024(1)
Operating lease expense$23,239 $24,080 $68,352 $72,884 
Short-term lease expense1,413 513 3,612 3,196 
Right-of-use asset impairments(2)
138 535 6,397 4,161 
Total lease expense(3)
$24,790 $25,128 $78,361 $80,241 
___________________________ 
(1) The three and nine months ended September 30, 2024 have been adjusted to conform to current year presentation.
(2) During the nine months ended September 30, 2025, we recognized a $6.3 million impairment charge related to our Kansas City regional center lease which is included in All Other and Corporate. The impairment resulted from the execution of a sublease agreement on a portion of the facility. The impairment was determined by comparing the discounted cash flows of the head lease and sublease rental payments. All other right-of use asset impairment charges were associated with restructuring initiatives. Refer to Note 13, Restructuring, for further discussion related to our restructuring programs.
(3) Total lease expense is included within other selling, general, and administrative expenses in our condensed consolidated statements of operations and comprehensive income.
Nine Months Ended September 30,
Other Lease Information20252024
Operating cash flows from operating leases$75,576 $72,916 
Right-of-use lease assets obtained in exchange for new lease liabilities24,632 57,854 
Lease Term and Discount RateAs of September 30, 2025As of December 31, 2024
Weighted average remaining lease term (in years)5.15.5
Weighted average discount rate4.5 %4.3 %
The maturities of lease liabilities as of September 30, 2025, were as follows (in thousands):
Maturity of Lease LiabilitiesOperating Leases
Remaining 2025$16,354 
202689,538 
202773,356 
202857,914 
202943,630 
Thereafter76,695 
Total lease payments357,487 
Less: Interest(38,219)
Present value of lease liabilities$319,268 
v3.25.3
ALLOWANCE FOR CREDIT LOSSES
 9 Months Ended
Sep. 30, 2025
Credit Loss [Abstract]  
ALLOWANCE FOR CREDIT LOSSES 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, 2025.
A rollforward of our allowance for credit losses on our accounts receivable balance is presented below (in thousands):
Balance, December 31, 2024(1)
$14,038 
Provision6,897 
Write-offs(6,613)
Balance, September 30, 2025
$14,322 
_________________________________________
(1) Includes an immaterial allowance for credit losses for the Europe Surface Transportation disposal group, which was presented within assets held for sale on the condensed consolidated balance sheets as of December 31, 2024. Refer to Note 14, Divestitures, for further discussion related to the sale of our Europe Surface Transportation business.
Recoveries of amounts previously written off were not significant for the three and nine months ended September 30, 2025.
v3.25.3
CHANGES IN ACCUMULATED OTHER COMPREHENSIVE LOSS
 9 Months Ended
Sep. 30, 2025
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, 2025, and December 31, 2024, was $74.7 million and $110.4 million, respectively. The recorded balance on September 30, 2025, and December 31, 2024, is comprised solely of foreign currency adjustments, including foreign currency translation.
Other comprehensive loss was $2.8 million for the three months ended September 30, 2025, primarily driven by small fluctuations in a number of currencies. Other comprehensive income was $29.5 million for the three months ended September 30, 2024, primarily driven by fluctuations in the Euro, Singapore Dollar, and Australian Dollar.
Other comprehensive income was $35.7 million for the nine months ended September 30, 2025, primarily driven by fluctuations in the Singapore Dollar, Euro, and Australian Dollar. Other comprehensive income was $8.7 million for the nine months ended September 30, 2024, primarily driven by fluctuations in the Singapore Dollar and Australian Dollar.
v3.25.3
RESTRUCTURING
 9 Months Ended
Sep. 30, 2025
Restructuring and Related Activities [Abstract]  
RESTRUCTURING RESTRUCTURING
2025 Restructuring Program: In the second quarter of 2025, we initiated a new restructuring program (the “2025 Restructuring Program”) aimed at enhancing operational efficiency and achieving cost savings through the adoption of advanced technologies, including artificial intelligence. The program is centered around two key initiatives:
Process Optimization and Workforce Productivity - The first initiative focuses on streamlining operations by leveraging cutting-edge technological innovations to significantly enhance workforce productivity. This includes the integration of automation and AI-driven solutions to reduce manual processes and improve overall efficiency. As a result of this initiative, we anticipate incurring severance and related personnel costs associated with workforce reductions.
Facilities Consolidation and Footprint Optimization - The second initiative involves the consolidation and centralization of our facilities to align with the reduced workforce resulting from the first initiative. This effort is designed to optimize our physical footprint and support a more agile and cost-effective operating model. As a result of this initiative, the Company anticipates recognizing asset impairments related to the early termination or abandonment of certain facilities under operating leases.
These initiatives are expected to materially reduce our cost structure and better position the Company for sustainable, long-term growth in an increasingly technology-driven marketplace. The 2025 Restructuring Program is expected to span the next three years, during which we will continue to implement advanced technologies across the enterprise and review opportunities to consolidate our global facilities.
We recognized restructuring charges of $9.9 million and $13.8 million in the three and nine months ended September 30, 2025, respectively, primarily related to workforce reductions and related personnel expenses. We expect to incur restructuring charges of $50 million to $75 million in total over the next three years primarily related to severance and other personnel related costs and impairments related to the early termination or abandonment of facilities under operating leases for the 2025 Restructuring Program. The amount and timing of the restructuring charges we will recognize depend upon multiple factors, such as the implementation and integration of automation and AI-driven solutions across targeted areas of the enterprise, natural employee turnover, and our ability to consolidate our global facilities. We paid $8.6 million of cash in the nine months ended September 30, 2025 related to the 2025 Restructuring Program.
A summary of charges related to our 2025 Restructuring Program are presented below (in thousands):
Three Months Ended September 30,Nine Months Ended September 30,
20252025
Severance(1)
$9,304 $12,968 
Other personnel expenses(1)
424 641 
Other selling, general, and administrative expenses(2)
202 202 
Total $9,930 $13,811 
________________________________ 
(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.
The following tables summarizes restructuring charges related to our 2025 Restructuring Program by reportable segment (in thousands):
Three Months Ended September 30, 2025
NASTGlobal Forwarding All Other and CorporateConsolidated
Personnel expenses$1,199 $8,403 $126 $9,728 
Other selling, general, and administrative expenses75 127 — 202 
Nine Months Ended September 30, 2025
NASTGlobal Forwarding All Other and CorporateConsolidated
Personnel expenses$1,876 $10,979 $754 $13,609 
Other selling, general, and administrative expenses75 127 — 202 

The following table summarizes activity related to our 2025 Restructuring Program and liabilities included in our consolidated balance sheets (in thousands):
Accrued Severance and Other Personnel ExpensesAccrued Other Selling, General, and Administrative Expenses
Total(1)
Balance, December 31, 2024$— $— $— 
  Restructuring charges13,609 202 13,811 
  Cash payments(8,551)(29)(8,580)
  Settled non-cash— (146)(146)
  Accrual adjustments(2)
11 — 11 
Balance, September 30, 2025$5,069 $27 $5,096 
________________________________ 
(1) Amounts are included within accrued expenses - compensation on the condensed consolidated balance sheet as of September 30, 2025.
(2) Accrual adjustments primarily relate to foreign currency adjustments.

2024 Restructuring Program: In 2024, the Company began a restructuring program (the “2024 Restructuring Program”) to drive our enterprise strategy and reduce our cost structure. The 2024 Restructuring Program was executed in phases, focused on waste reduction, reprioritizing our product and technology teams on fewer strategic initiatives, driving synergies across our portfolio of services, and unifying the go to market strategy of our divisions.

The major initiatives of the first phase, which commenced in the first quarter of 2024, included 1) optimizing our management hierarchy, which included a reduction in workforce; 2) reprioritizing the efforts of our product and technology teams, resulting in the impairment of certain internally developed software projects. We have realigned our product and technology teams to focus on fewer strategic initiatives to accelerate the capabilities of our platform to deliver market-leading outcomes for our customers, carriers, and employees.

The primary initiatives of the second phase commenced in the second quarter of 2024. These initiatives included the rationalization of our facilities footprint including the consolidation, early termination, or abandonment of office buildings under operating leases.

Accrued restructuring reserves were $4.0 million as of December 31, 2024. We paid $3.7 million of cash in the nine months ended September 30, 2025 related to the 2024 Restructuring Program. There are no accrued liabilities or future activity remaining related to the 2024 Restructuring Program.
A summary of charges related to our 2024 Restructuring Program are presented below (in thousands):
Three Months Ended September 30,Nine Months Ended September 30,
20242024
Severance(1)
$2,377 $18,590 
Other personnel expenses(1)
420 1,618 
Other selling, general, and administrative expenses(2)
1,632 12,341 
Total $4,429 $32,549 
________________________________ 
(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. The charges recognized in the three months ended September 30, 2024 primarily resulted from the second phase of the 2024 Restructuring Program, while the charges recognized in the nine months ended September 30, 2024, also include initiatives under the first phase of the 2024 Restructuring Program as discussed above.

The following tables summarizes restructuring charges related to our 2024 Restructuring Program by reportable segment (in thousands):
Three Months Ended September 30, 2024
NASTGlobal Forwarding All Other and CorporateConsolidated
Personnel expenses$1,238 $461 $1,098 $2,797 
Other selling, general, and administrative expenses560 855 217 1,632 
Nine Months Ended September 30, 2024
NASTGlobal Forwarding All Other and CorporateConsolidated
Personnel expenses$9,022 $5,855 $5,331 $20,208 
Other selling, general, and administrative expenses6,214 2,413 3,714 12,341 
The following table summarizes activity related to our 2024 Restructuring Program and liabilities included in our consolidated balance sheets (in thousands):
Accrued Severance and Other Personnel ExpensesAccrued Other Selling, General, and Administrative Expenses
Total(1)
Balance, December 31, 2024$3,679 $344 $4,023 
  Cash payments(3,405)(342)(3,747)
  Accrual adjustments(2)
(274)(2)(276)
Balance, September 30, 2025$— $— $— 
________________________________ 
(1) Amounts are included within accrued expenses - compensation on the condensed consolidated balance sheets as of December 31, 2024.
(2) 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.
v3.25.3
DIVESTITURES
 9 Months Ended
Sep. 30, 2025
Discontinued Operations and Disposal Groups [Abstract]  
DIVESTITURES DIVESTITURES
Europe Surface Transportation Divestiture: In 2024, we entered into an agreement with sennder Technologies GmbH to sell our Europe Surface Transportation business, which is included in our All Other and Corporate segment. The divestiture is part of our enterprise strategy to drive focus on profitable growth in our four core modes—North American truckload and LTL and global ocean and air—as engines to ignite growth and create the most value for our stakeholders. We have determined this divestiture does not represent a strategic shift that will have a major effect on our consolidated results of operations, and therefore the results of our Europe Surface Transportation business are not reported as discontinued operations. The sale included all of the assets and liabilities of the business other than our proprietary technology platform.
Upon entering into the agreement to sell the business in the third quarter of 2024, the assets and liabilities of our Europe Surface Transportation disposal group were classified as held for sale at fair value less any direct costs incurred to sell. We recognized a $48.2 million loss on the disposal group classified as held for sale in the three and nine months ended September 30, 2024. Including the direct costs incurred to sell the business and the loss on the disposal group, the total loss recognized was $57.0 million. These amounts are included in our All Other and Corporate segment and within our selling, general, and administrative expenses in the condensed consolidated statements of operations and comprehensive income.
The sale closed effective February 1, 2025 with $27.7 million of consideration received at closing with additional consideration due in fixed equal installments on the 12-month and 18-month anniversary of the closing date subject to post closing working capital adjustments. The remaining consideration due is collateralized by all current and future accounts receivable of the Europe Surface Transportation business. We recognized net favorable post-closing working capital adjustments of $0.2 million in the three months ended September 30, 2025 and transaction related expenses net of post-closing working capital adjustments of $2.6 million in the nine months ended September 30, 2025. There are no remaining assets and liabilities held for sale as of September 30, 2025.
A summary of exit and disposal costs related to our Europe Surface Transportation divestiture included in our All Other and Corporate segment is presented below (in thousands):
Three Months Ended September 30,Nine Months Ended September 30,
20252025
Personnel expenses(1)
$— $1,194 
Other selling, general, and administrative expenses(2)
(176)1,413 
Income tax benefits(3)
(69)(1,169)
Total $(245)$1,438 

Three Months Ended September 30,Nine Months Ended September 30,
20242024
Other selling, general, and administrative expenses(2)
$57,036 $57,036 
Income tax benefits(3)
(2,113)(2,113)
Total $54,923 $54,923 
________________________________ 
(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. For the three and nine months ended September 30, 2024, the amounts consist primarily of a $48.2 million loss on the disposal group and direct costs to sell.
(3) Amounts are included within provision for income taxes in our condensed consolidated statements of operations and comprehensive income.
A summary of assets and liabilities associated with the Europe Surface Transportation disposal group that are held for sale is presented below (in thousands):
As of
December 31, 2024
Assets held for sale:
Cash and cash equivalents$10,307 
Receivables114,721 
Goodwill and other intangible assets31,297 
Right-of-use lease assets10,737 
Other assets3,366 
Valuation allowance(32,794)
Total assets held for sale(1)
$137,634 
Liabilities held for sale:
Accounts payable$51,388 
Lease liabilities10,540 
Other liabilities5,485 
Total liabilities held for sale(1)
$67,413 
Cumulative translation loss of foreign entities to be sold(2)
$2,238 
________________________________
(1) Assets and liabilities held for sale are separately presented on the condensed consolidated balance sheet.
(2) Cumulative translation loss of foreign entities to be sold is included within accumulated other comprehensive losses on the condensed consolidated balance sheet.
v3.25.3
SUBSEQUENT EVENTS
 9 Months Ended
Sep. 30, 2025
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS SUBSEQUENT EVENT
On October 28, 2025, the Board of Directors approved an additional $2.0 billion of authorization under the company’s share repurchase program. The stock repurchase program does not obligate the company to acquire any amount of common stock and shall expire or terminate at the Board's discretion.
As of September 30, 2025, there were 4,450,030 shares remaining for future repurchases on the company’s existing authorization that was increased by 20,000,000 shares in December 2021.
v3.25.3
Insider Trading Arrangements
 3 Months Ended
Sep. 30, 2025
shares
Trading Arrangements, by Individual  
Non-Rule 10b5-1 Arrangement Adopted false
Rule 10b5-1 Arrangement Terminated false
Non-Rule 10b5-1 Arrangement Terminated false
Michael J. Short [Member]  
Trading Arrangements, by Individual  
Material Terms of Trading Arrangement
On August 18, 2025, Michael J. Short, our President of Global Freight Forwarding, adopted a prearranged written stock sale plan in accordance with Rule 10b5-1 under the Exchange Act, for the sale of shares of our common stock. Mr. Short’s Rule 10b5-1 plan was entered into during an open trading window according to the Company’s policies regarding transactions in the Company’s securities and is intended to satisfy the affirmative defense of Rule 10b5-1(c) under the Exchange Act. Mr. Short’s Rule 10b5-1 plan provides for the potential sale of up to 34,335 shares of our common stock, so long as the market price of our common stock is higher than the certain minimum threshold prices specified in Mr. Short’s Rule 10b5-1 plan, between December 31, 2025 and April 30, 2026.
Name Michael J. Short
Title President of Global Freight Forwarding
Rule 10b5-1 Arrangement Adopted true
Adoption Date August 18, 2025
Expiration Date April 30, 2026
Arrangement Duration 120 days
Aggregate Available 34,335
v3.25.3
BASIS OF PRESENTATION (Policies)
 9 Months Ended
Sep. 30, 2025
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 Solutions, 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, 2024.
RECENTLY ISSUED ACCOUNTING STANDARDS
RECENTLY ISSUED ACCOUNTING STANDARDS
In September 2025, the FASB issued Accounting Standard Update (“ASU”) 2025-06, Intangibles-Goodwill and Other-Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software. The guidance in this ASU modernizes the accounting for internal-use software by replacing the previous software project development stage guidance with a principles-based capitalization threshold, which focuses on management’s commitment to fund the project and the probability of its completion. The guidance in this ASU is effective for all public entities for fiscal years beginning after December 15, 2027, and interim periods within those fiscal years. The update may be adopted using either a prospective, modified prospective, or retrospective approach. Early adoption is permitted. The Company is currently evaluating the effects adoption of this guidance will have on our consolidated financial statements.
In July 2025, the FASB issued ASU 2025-05 that amends ASC 326, Financial Instruments — Credit Losses: Measurement of Credit Losses for Accounts Receivable and Contract Assets for Public Business Entities. The guidance provides a practical expedient that allows public entities to estimate expected credit losses on accounts receivable and contract assets by assuming current economic conditions persist for the remaining life of the asset. The guidance is effective for fiscal years beginning after December 15, 2025, including interim periods within those fiscal years. Early adoption is permitted. The Company expects to adopt the provisions of ASU 2025-05 on January 1, 2026. The adoption of this ASU is not expected to have a material impact on the Company’s consolidated financial statements.
In November 2024, the FASB issued ASU 2024-03, Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses, which requires disclosure of disaggregated information about certain income statement expense line items in the notes to the financial statements. The guidance in this ASU is effective for all public entities for fiscal years beginning after December 15, 2026, and interim periods within fiscal years beginning after December 15, 2027. The update may be applied either prospectively or retrospectively. Early adoption is permitted. The Company is currently evaluating the effects adoption of this guidance will have on our consolidated financial statements.
In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures. The guidance in this ASU expands the disclosure requirements for income taxes by requiring greater disaggregation of information in the income tax rate reconciliation and disaggregation of income taxes paid by jurisdiction. The guidance in this ASU is effective for all public entities for fiscal years beginning after December 15, 2024. Early adoption is permitted. The Company expects to adopt the provisions of ASU 2023-09 in its Form 10-K for the year ending December 31, 2025. The adoption of this ASU is not expected to have a material impact on the Company’s 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 2024 annual impairment test, we determined that the fair value of our reporting units exceeded their respective carrying values and our goodwill balance was not impaired.
There were no changes in circumstances or events identified in the third quarter of 2025 that would indicate an interim impairment analysis was required for any of our remaining reporting units as of September 30, 2025.
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.
RIGHT-OF-USE LEASE ASSETS AND LEASE LIABILITIES 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.
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.
v3.25.3
GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
 9 Months Ended
Sep. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
The change in carrying amount of goodwill is as follows (in thousands):
NASTGlobal ForwardingAll Other and CorporateTotal
Balance, December 31, 2024(1)
$1,179,444 $202,498 $75,617 $1,457,559 
Foreign currency translation6,539 5,338 405 12,282 
Divestitures(2)
— — (28,697)(28,697)
Balance, September 30, 2025
$1,185,983 $207,836 $47,325 $1,441,144 
_________________________________________
(1) Includes $28.6 million of goodwill for the Europe Surface Transportation disposal group, which is presented within assets held for sale on the condensed consolidated balance sheets as of December 31, 2024. Refer to Note 14, Divestitures, for further discussion related to the sale of our Europe Surface Transportation business.
(2) On February 1, 2025, the Company completed the sale of our Europe Surface Transportation business. In connection with the sale, we disposed of goodwill included in the Europe Surface Transportation disposal group. Refer to Note 14, Divestitures, for further discussion related to the sale of our Europe Surface Transportation business.
Schedule of Intangible Assets
Identifiable intangible assets consisted of the following (in thousands):
September 30, 2025
December 31, 2024
CostAccumulated AmortizationNetCostAccumulated AmortizationNet
Finite-lived intangibles
Customer relationships(1)
$72,089 $(59,941)$12,148 $78,280 $(55,984)$22,296 
Indefinite-lived intangibles
Trademarks8,600 — 8,600 8,600 — 8,600 
Total intangibles$80,689 $(59,941)$20,748 $86,880 $(55,984)$30,896 
_________________________________________
(1) Includes $2.7 million of net intangible assets for the Europe Surface Transportation disposal group, which is presented within assets held for sale on the condensed consolidated balance sheets as of December 31, 2024. Refer to Note 14, Divestitures, for further discussion related to the sale of our Europe Surface Transportation business.
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,
2025202420252024
Amortization expense$2,571 $2,979 $7,682 $9,596 
Schedule of Future Amortization of Finite-Lived Intangible Assets
Finite-lived intangible assets, by reportable segment, as of September 30, 2025, will be amortized over their remaining lives as follows (in thousands):
NASTGlobal ForwardingTotal
Remainder of 2025$1,964 $610 $2,574 
20267,857 407 8,264 
20271,310 — 1,310 
Total$12,148 
v3.25.3
FINANCING ARRANGEMENTS (Tables)
 9 Months Ended
Sep. 30, 2025
Debt Disclosure [Abstract]  
Components of Short-term and Long-term Debt
The components of our short-term and long-term debt and the associated interest rates were as follows (dollars in thousands):
Average interest rate as ofCarrying value as of
September 30,
2025		December 31,
2024		MaturitySeptember 30,
2025		December 31,
2024
Revolving credit facility5.39 %5.58 %November 2027$— $9,000 
Senior Notes, Series B4.26 %4.26 %August 2028150,000 150,000 
Senior Notes, Series C4.60 %4.60 %August 2033175,000 175,000 
Receivables Securitization Facility(1)
5.03 %5.23 %August 2027260,599 446,792 
Senior Notes(1)
4.20 %4.20 %April 2028597,551 596,857 
Total debt1,183,150 1,377,649 
Less: Current maturities and short-term borrowing— (455,792)
Long-term debt$1,183,150 $921,857 
____________________________________________
(1) Net of unamortized discounts and issuance costs.
v3.25.3
INCOME TAXES (Tables)
 9 Months Ended
Sep. 30, 2025
Income Tax Disclosure [Abstract]  
Schedule of Effective Income Tax Rate Reconciliation
A reconciliation of the provision for income taxes using the statutory federal income tax rate to our effective income tax rate is as follows below.
Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Federal statutory rate21.0 %21.0 %21.0 %21.0 %
State income taxes, net of federal benefit2.4 3.2 2.3 2.7 
Share based payment awards(3.8)(2.7)(3.3)(1.4)
Foreign tax credits(2.0)13.7 (2.0)3.8 
Other U.S. tax credits and incentives0.3 (5.1)(0.9)(5.8)
Foreign tax rate differential0.5 (4.5)(0.4)(0.4)
Business divestitures(1)
— 7.9 — 2.8 
Section 162(m) limitation on compensation1.6 1.1 1.5 1.0 
Other0.6 (2.2)0.7 (0.7)
Effective income tax rate20.6 %32.4 %18.9 %23.0 %
____________________________________________
(1) Amounts in the three and nine months ended September 30, 2024 relate to the divestiture of our Europe Surface Transportation business. Refer to Note 14, Divestitures, for further discussion.
v3.25.3
STOCK AWARD PLANS (Tables)
 9 Months Ended
Sep. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock-based Compensation A summary of our total compensation expense recognized in our condensed consolidated statements of operations and comprehensive income for stock-based compensation is as follows (in thousands):
Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Stock options$— $1,094 $— $3,258 
Stock awards18,214 20,330 60,311 58,530 
Company expense on ESPP discount532 580 2,463 2,461 
Total stock-based compensation expense$18,746 $22,004 $62,774 $64,249 
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, 2025
Shares purchased
by employees
Aggregate cost
to employees
Expense recognized
by the company
26,792 $3,015 $532 
v3.25.3
SEGMENT REPORTING (Tables)
 9 Months Ended
Sep. 30, 2025
Segment Reporting [Abstract]  
Summary of Segment Information
Reportable segment information is as follows for the three months ended September 30, 2025 and 2024 (dollars in thousands):

 
Three Months Ended September 30, 2025
NASTGlobal ForwardingTotal
Revenues from external customers$2,965,694 $786,347 $3,752,041 
Other revenues from external customers(1)
384,805 
Total consolidated revenues
4,136,846 
Less significant segment expenses:
Purchased transportation and related services (2)
2,521,555 594,592 
Personnel expenses (2)
162,086 92,507 
Other selling, general, and administrative expenses (2)
109,175 50,227 
Segment operating income172,878 49,021 221,899 
Other operating income (loss)(1)
(1,063)
Total consolidated operating income
220,836 
Interest and other income/expenses, net
(15,602)
Income before provision for income taxes
$205,234 

 
Three Months Ended September 30, 2024
NASTGlobal ForwardingTotal
Revenues from external customers$2,934,617 $1,141,190 $4,075,807 
Other revenues from external customers(1)
568,834 
Total consolidated revenues
4,644,641 
Less significant segment expenses:
Purchased transportation and related services (2)
2,513,953 906,554 
Personnel expenses (2)
164,122 92,419 
Other selling, general, and administrative expenses (2)
107,775 54,102 
Segment operating income148,767 88,115 236,882 
Other operating income (loss)(1)
(56,763)
Total consolidated operating income
180,119 
Interest and other income/expenses, net
(36,282)
Income before provision for income taxes
$143,837 
_______________________________________
(1) Other revenues from external customers and other operating income (loss) are attributable to our Robinson Fresh and Managed Solutions segments, as well as Other Surface Transportation outside of North America and other miscellaneous revenues and unallocated corporate expenses.
(2) The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM.
Reportable segment information is as follows for the nine months ended September 30, 2025 and 2024 (dollars in thousands):

 
Nine Months Ended September 30, 2025
NASTGlobal ForwardingTotal
Revenues from external customers$8,752,341 $2,359,035 $11,111,376 
Other revenues from external customers(1)
1,208,753 
Total consolidated revenues
12,320,129 
Less significant segment expenses:
Purchased transportation and related services(2)
7,457,630 1,795,071 
Personnel expenses(2)
483,070 268,295 
Other selling, general, and administrative expenses(2)
331,101 152,375 
Segment operating income480,540 143,294 623,834 
Other operating income (loss)(1)
(10,226)
Total consolidated operating income
613,608 
Interest and other income/expenses, net
(57,679)
Income before provision for income taxes
$555,929 

 
Nine Months Ended September 30, 2024
NASTGlobal ForwardingTotal
Revenues from external customers$8,924,839 $2,921,050 $11,845,889 
Other revenues from external customers(1)
1,694,411 
Total consolidated revenues
13,540,300 
Less significant segment expenses:
Purchased transportation and related services(2)
7,687,408 2,322,302 
Personnel expenses(2)
510,110 279,077 
Other selling, general, and administrative expenses(2)
328,557 159,022 
Segment operating income398,764 160,649 559,413 
Other operating income (loss)(1)
(74,071)
Total consolidated operating income
485,342 
Interest and other income/expenses, net
(74,587)
Income before provision for income taxes
$410,755 
_______________________________________
(1) Other revenues from external customers and other operating income (loss) are attributable to our Robinson Fresh and Managed Solutions segments, as well as Other Surface Transportation outside of North America and other miscellaneous revenues and unallocated corporate expenses.
(2) The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM.
Reportable segment information is as follows for the three and nine months ended 2025 and 2024 (dollars in thousands):

NASTGlobal ForwardingAll Other and CorporateConsolidated
Three Months Ended September 30, 2025
Depreciation and amortization$4,874 $2,250 $18,705 $25,829 
Total assets(1)
2,978,317 1,233,692 1,015,845 5,227,854 
Average employee headcount5,187 4,245 3,127 12,559 
NASTGlobal ForwardingAll Other and CorporateConsolidated
Three Months Ended September 30, 2024
Depreciation and amortization$4,904 $2,608 $16,436 $23,948 
Total assets(1)
3,026,031 1,566,427 1,020,897 5,613,355 
Average employee headcount5,595 4,552 3,938 14,085 
NASTGlobal ForwardingAll Other and CorporateConsolidated
Nine Months Ended September 30, 2025
Depreciation and amortization$14,498 $6,577 $55,262 $76,337 
Total assets(1)
2,978,317 1,233,692 1,015,845 5,227,854 
Average employee headcount5,234 4,380 3,339 12,953 
NASTGlobal ForwardingAll Other and CorporateConsolidated
Nine Months Ended September 30, 2024
Depreciation and amortization$15,779 $8,245 $48,856 $72,880 
Total assets(1)
3,026,031 1,566,427 1,020,897 5,613,355 
Average employee headcount5,800 4,714 4,023 14,537 
_________________________________________
(1) All cash and cash equivalents are included in All Other and Corporate.
v3.25.3
REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)
 9 Months Ended
Sep. 30, 2025
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, 2025
NASTGlobal ForwardingAll Other and CorporateTotal
Major Service Lines
Transportation and logistics services(1)
$2,965,694 $786,347 $31,494 $3,783,535 
Sourcing(2)
— — 353,311 353,311 
Total revenues$2,965,694 $786,347 $384,805 $4,136,846 
Three Months Ended September 30, 2024
NASTGlobal ForwardingAll Other and CorporateTotal
Major Service Lines
Transportation and logistics services(1)
$2,934,617 $1,141,190 $202,493 $4,278,300 
Sourcing(2)
— — 366,341 366,341 
Total revenues$2,934,617 $1,141,190 $568,834 $4,644,641 
Nine Months Ended September 30, 2025
NASTGlobal ForwardingAll Other and CorporateTotal
Major Service Lines
Transportation and logistics services(1)
$8,752,341 $2,359,035 $140,734 $11,252,110 
Sourcing(2)
— — 1,068,019 1,068,019 
Total revenues$8,752,341 $2,359,035 $1,208,753 $12,320,129 
Nine Months Ended September 30, 2024
NASTGlobal ForwardingAll Other and CorporateTotal
Major Service Lines
Transportation and logistics services(1)
$8,924,839 $2,921,050 $636,929 $12,482,818 
Sourcing(2)
— — 1,057,482 1,057,482 
Total revenues$8,924,839 $2,921,050 $1,694,411 $13,540,300 
____________________________________________
(1) Transportation and logistics services performance obligations are completed over time.
(2) Sourcing performance obligations are completed at a point in time.
v3.25.3
LEASES (Tables)
 9 Months Ended
Sep. 30, 2025
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 Costs2025
2024(1)
2025
2024(1)
Operating lease expense$23,239 $24,080 $68,352 $72,884 
Short-term lease expense1,413 513 3,612 3,196 
Right-of-use asset impairments(2)
138 535 6,397 4,161 
Total lease expense(3)
$24,790 $25,128 $78,361 $80,241 
___________________________ 
(1) The three and nine months ended September 30, 2024 have been adjusted to conform to current year presentation.
(2) During the nine months ended September 30, 2025, we recognized a $6.3 million impairment charge related to our Kansas City regional center lease which is included in All Other and Corporate. The impairment resulted from the execution of a sublease agreement on a portion of the facility. The impairment was determined by comparing the discounted cash flows of the head lease and sublease rental payments. All other right-of use asset impairment charges were associated with restructuring initiatives. Refer to Note 13, Restructuring, for further discussion related to our restructuring programs.
(3) Total lease expense is included within other selling, general, and administrative expenses in our condensed consolidated statements of operations and comprehensive income.
Nine Months Ended September 30,
Other Lease Information20252024
Operating cash flows from operating leases$75,576 $72,916 
Right-of-use lease assets obtained in exchange for new lease liabilities24,632 57,854 
Lease Term and Discount RateAs of September 30, 2025As of December 31, 2024
Weighted average remaining lease term (in years)5.15.5
Weighted average discount rate4.5 %4.3 %
Schedule of Maturity of Lease Liabilities
The maturities of lease liabilities as of September 30, 2025, were as follows (in thousands):
Maturity of Lease LiabilitiesOperating Leases
Remaining 2025$16,354 
202689,538 
202773,356 
202857,914 
202943,630 
Thereafter76,695 
Total lease payments357,487 
Less: Interest(38,219)
Present value of lease liabilities$319,268 
v3.25.3
ALLOWANCE FOR CREDIT LOSSES (Tables)
 9 Months Ended
Sep. 30, 2025
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, 2024(1)
$14,038 
Provision6,897 
Write-offs(6,613)
Balance, September 30, 2025
$14,322 
_________________________________________
(1) Includes an immaterial allowance for credit losses for the Europe Surface Transportation disposal group, which was presented within assets held for sale on the condensed consolidated balance sheets as of December 31, 2024. Refer to Note 14, Divestitures, for further discussion related to the sale of our Europe Surface Transportation business.
v3.25.3
RESTRUCTURING (Tables)
 9 Months Ended
Sep. 30, 2025
2025 Restructuring Program  
Restructuring Cost and Reserve [Line Items]  
Restructuring and Related Costs
A summary of charges related to our 2025 Restructuring Program are presented below (in thousands):
Three Months Ended September 30,Nine Months Ended September 30,
20252025
Severance(1)
$9,304 $12,968 
Other personnel expenses(1)
424 641 
Other selling, general, and administrative expenses(2)
202 202 
Total $9,930 $13,811 
________________________________ 
(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.
The following tables summarizes restructuring charges related to our 2025 Restructuring Program by reportable segment (in thousands):
Three Months Ended September 30, 2025
NASTGlobal Forwarding All Other and CorporateConsolidated
Personnel expenses$1,199 $8,403 $126 $9,728 
Other selling, general, and administrative expenses75 127 — 202 
Nine Months Ended September 30, 2025
NASTGlobal Forwarding All Other and CorporateConsolidated
Personnel expenses$1,876 $10,979 $754 $13,609 
Other selling, general, and administrative expenses75 127 — 202 
Schedule of Restructuring Reserve by Type of Cost
The following table summarizes activity related to our 2025 Restructuring Program and liabilities included in our consolidated balance sheets (in thousands):
Accrued Severance and Other Personnel ExpensesAccrued Other Selling, General, and Administrative Expenses
Total(1)
Balance, December 31, 2024$— $— $— 
  Restructuring charges13,609 202 13,811 
  Cash payments(8,551)(29)(8,580)
  Settled non-cash— (146)(146)
  Accrual adjustments(2)
11 — 11 
Balance, September 30, 2025$5,069 $27 $5,096 
________________________________ 
(1) Amounts are included within accrued expenses - compensation on the condensed consolidated balance sheet as of September 30, 2025.
(2) Accrual adjustments primarily relate to foreign currency adjustments.
2024 Restructuring Program  
Restructuring Cost and Reserve [Line Items]  
Restructuring and Related Costs
A summary of charges related to our 2024 Restructuring Program are presented below (in thousands):
Three Months Ended September 30,Nine Months Ended September 30,
20242024
Severance(1)
$2,377 $18,590 
Other personnel expenses(1)
420 1,618 
Other selling, general, and administrative expenses(2)
1,632 12,341 
Total $4,429 $32,549 
________________________________ 
(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. The charges recognized in the three months ended September 30, 2024 primarily resulted from the second phase of the 2024 Restructuring Program, while the charges recognized in the nine months ended September 30, 2024, also include initiatives under the first phase of the 2024 Restructuring Program as discussed above.

The following tables summarizes restructuring charges related to our 2024 Restructuring Program by reportable segment (in thousands):
Three Months Ended September 30, 2024
NASTGlobal Forwarding All Other and CorporateConsolidated
Personnel expenses$1,238 $461 $1,098 $2,797 
Other selling, general, and administrative expenses560 855 217 1,632 
Nine Months Ended September 30, 2024
NASTGlobal Forwarding All Other and CorporateConsolidated
Personnel expenses$9,022 $5,855 $5,331 $20,208 
Other selling, general, and administrative expenses6,214 2,413 3,714 12,341 
Schedule of Restructuring Reserve by Type of Cost
The following table summarizes activity related to our 2024 Restructuring Program and liabilities included in our consolidated balance sheets (in thousands):
Accrued Severance and Other Personnel ExpensesAccrued Other Selling, General, and Administrative Expenses
Total(1)
Balance, December 31, 2024$3,679 $344 $4,023 
  Cash payments(3,405)(342)(3,747)
  Accrual adjustments(2)
(274)(2)(276)
Balance, September 30, 2025$— $— $— 
________________________________ 
(1) Amounts are included within accrued expenses - compensation on the condensed consolidated balance sheets as of December 31, 2024.
(2) 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.
v3.25.3
DIVESTITURES (Tables)
 9 Months Ended
Sep. 30, 2025
Disposal Group, Held-for-Sale, Not Discontinued Operations | Europe Surface Transportation  
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]  
Disposal Groups, Including Discontinued Operations
A summary of exit and disposal costs related to our Europe Surface Transportation divestiture included in our All Other and Corporate segment is presented below (in thousands):
Three Months Ended September 30,Nine Months Ended September 30,
20252025
Personnel expenses(1)
$— $1,194 
Other selling, general, and administrative expenses(2)
(176)1,413 
Income tax benefits(3)
(69)(1,169)
Total $(245)$1,438 

Three Months Ended September 30,Nine Months Ended September 30,
20242024
Other selling, general, and administrative expenses(2)
$57,036 $57,036 
Income tax benefits(3)
(2,113)(2,113)
Total $54,923 $54,923 
________________________________ 
(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. For the three and nine months ended September 30, 2024, the amounts consist primarily of a $48.2 million loss on the disposal group and direct costs to sell.
(3) Amounts are included within provision for income taxes in our condensed consolidated statements of operations and comprehensive income.
A summary of assets and liabilities associated with the Europe Surface Transportation disposal group that are held for sale is presented below (in thousands):
As of
December 31, 2024
Assets held for sale:
Cash and cash equivalents$10,307 
Receivables114,721 
Goodwill and other intangible assets31,297 
Right-of-use lease assets10,737 
Other assets3,366 
Valuation allowance(32,794)
Total assets held for sale(1)
$137,634 
Liabilities held for sale:
Accounts payable$51,388 
Lease liabilities10,540 
Other liabilities5,485 
Total liabilities held for sale(1)
$67,413 
Cumulative translation loss of foreign entities to be sold(2)
$2,238 
________________________________
(1) Assets and liabilities held for sale are separately presented on the condensed consolidated balance sheet.
(2) Cumulative translation loss of foreign entities to be sold is included within accumulated other comprehensive losses on the condensed consolidated balance sheet.
v3.25.3
GOODWILL AND OTHER INTANGIBLE ASSETS - Carrying Amount of Goodwill (Details) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2025
Dec. 31, 2024
Goodwill [Line Items]    
Balance, December 31, 2024(1)   $ 1,457,559
Foreign currency translation $ 12,282  
Divestitures (28,697)  
Goodwill 1,441,144 1,428,965
NAST    
Goodwill [Line Items]    
Balance, December 31, 2024(1)   1,179,444
Foreign currency translation 6,539  
Divestitures 0  
Goodwill 1,185,983  
Global Forwarding    
Goodwill [Line Items]    
Balance, December 31, 2024(1)   202,498
Foreign currency translation 5,338  
Divestitures 0  
Goodwill 207,836  
All Other and Corporate    
Goodwill [Line Items]    
Balance, December 31, 2024(1)   $ 75,617
Foreign currency translation 405  
Divestitures (28,697)  
Goodwill $ 47,325  
v3.25.3
GOODWILL AND OTHER INTANGIBLE ASSETS - Narrative (Details) - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Goodwill [Line Items]    
Goodwill $ 1,441,144 $ 1,428,965
Europe Surface Transportation | Disposal Group, Held-for-Sale, Not Discontinued Operations    
Goodwill [Line Items]    
Goodwill   28,600
Intangible assets   $ 2,700
v3.25.3
GOODWILL AND OTHER INTANGIBLE ASSETS - Summary of Intangible Assets (Details) - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Finite-lived intangibles    
Accumulated Amortization $ (59,941)  
Finite-lived intangible assets, net 12,148  
Finite-Lived Intangible Assets, Accumulated Amortization, Including Disposal Groups   $ (55,984)
Total intangibles, Cost 80,689  
Total intangibles, Net 20,748 28,193
Intangible Assets, Gross (Excluding Goodwill), Including Disposal Groups   86,880
Intangible Assets, Net (Excluding Goodwill), Including Disposal Groups   30,896
Intangible Assets, Net (Excluding Goodwill) [Abstract]    
Total intangibles, Cost 80,689  
Intangible Assets, Net 20,748 28,193
Trademarks    
Indefinite-Lived Intangible Assets [Line Items]    
Indefinite-lived intangibles 8,600 8,600
Customer relationships    
Finite-lived intangibles    
Finite-Lived Intangible Assets, Gross 72,089  
Accumulated Amortization (59,941)  
Finite-lived intangible assets, net $ 12,148  
Finite-Lived Intangible Assets, Gross, Including Disposal Groups   78,280
Finite-Lived Intangible Assets, Accumulated Amortization, Including Disposal Groups   (55,984)
Finite-Lived Intangible Assets, Net, Including Disposal Groups   $ 22,296
v3.25.3
GOODWILL AND OTHER INTANGIBLE ASSETS - Amortization Expense (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]        
Amortization expense $ 2,571 $ 2,979 $ 7,682 $ 9,596
v3.25.3
GOODWILL AND OTHER INTANGIBLE ASSETS - Amortization Over Remaining Life (Details)
$ in Thousands
Sep. 30, 2025
USD ($)
Estimated amortization expense  
Remainder of 2025 $ 2,574
2026 8,264
2027 1,310
Finite-lived intangible assets, net 12,148
NAST  
Estimated amortization expense  
Remainder of 2025 1,964
2026 7,857
2027 1,310
Global Forwarding  
Estimated amortization expense  
Remainder of 2025 610
2026 407
2027 $ 0
v3.25.3
FAIR VALUE MEASUREMENT (Details) - USD ($)
 12 Months Ended
Dec. 31, 2024
Sep. 30, 2025
Level 2    
Fair Value, Assets and Liabilities Measured    
Assets at fair value $ 0 $ 0
Liabilities at fair value 0 0
Level 2 | Europe Surface Transportation | Disposal Group, Held-for-Sale, Not Discontinued Operations    
Fair Value, Assets and Liabilities Measured    
Loss on disposal group classified as held for sale 44,500,000  
Level 3    
Fair Value, Assets and Liabilities Measured    
Assets at fair value 0 0
Liabilities at fair value $ 0 $ 0
v3.25.3
FINANCING ARRANGEMENTS - Components of Short-term and Long-term Debt (Details) - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Debt Instrument [Line Items]    
Total debt $ 1,183,150 $ 1,377,649
Less: Current maturities and short-term borrowing 0 (455,792)
Long-term debt $ 1,183,150 $ 921,857
Revolving credit facility | Line of credit    
Debt Instrument [Line Items]    
Average interest rate (percent) 5.39% 5.58%
Total debt $ 0 $ 9,000
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) 5.03% 5.23%
Total debt $ 260,599 $ 446,792
Senior Notes | Unsecured debt    
Debt Instrument [Line Items]    
Average interest rate (percent) 4.20% 4.20%
Total debt $ 597,551 $ 596,857
v3.25.3
FINANCING ARRANGEMENTS - Narrative (Details)
 9 Months Ended
Sep. 30, 2025
USD ($)
Aug. 12, 2025
USD ($)
Dec. 31, 2024
USD ($)
Aug. 27, 2013
USD ($)
Debt Instrument [Line Items]        
Long-term debt $ 1,183,150,000   $ 1,377,649,000  
Revolving credit facility | Line of credit        
Debt Instrument [Line Items]        
Maximum leverage ratio 3.75      
Long-term debt $ 0   9,000,000  
US Bank | Standby letters of credit        
Debt Instrument [Line Items]        
Current funding 18,900,000      
US Bank | Line of credit        
Debt Instrument [Line Items]        
Maximum borrowing capacity $ 20,000,000      
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%      
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 $ 314,500,000      
Maximum priority debt to total assets ratio (percent) 10.00%      
Debt instrument, redemption price (percent) 100.00%      
Receivables securitization facility | Wells Fargo Bank N.A. and Bank of America N.A.        
Debt Instrument [Line Items]        
Basis spread on variable rate (percent) 0.80%      
Commitment fee percentage 0.20%      
Receivables securitization facility | SOFR | Wells Fargo Bank N.A. and Bank of America N.A.        
Debt Instrument [Line Items]        
Basis spread on variable rate (percent) 0.10%      
Receivables securitization facility | Secured debt        
Debt Instrument [Line Items]        
Long-term debt $ 260,599,000   446,792,000  
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 $ 250,000,000    
Current funding   $ 500,000,000    
Senior Notes Due 2028 | Unsecured debt        
Debt Instrument [Line Items]        
Long-term debt, fair value $ 601,000,000.0      
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 $ 597,551,000   $ 596,857,000  
Threshold for holders of principal outstanding to declare principal and unpaid interest payable (percent) 25.00%      
v3.25.3
INCOME TAXES - Effective Income Tax Rate Reconciliation (Details)
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Effective Income Tax Rate Reconciliation        
Federal statutory rate 21.00% 21.00% 21.00% 21.00%
State income taxes, net of federal benefit 2.40% 3.20% 2.30% 2.70%
Share based payment awards (3.80%) (2.70%) (3.30%) (1.40%)
Foreign tax credits (2.00%) 13.70% (2.00%) 3.80%
Other U.S. tax credits and incentives 0.30% (5.10%) (0.90%) (5.80%)
Foreign tax rate differential 0.50% (4.50%) (0.40%) (0.40%)
Business divestitures 0.00% 7.90% 0.00% 2.80%
Section 162(m) limitation on compensation 1.60% 1.10% 1.50% 1.00%
Other 0.60% (2.20%) 0.70% (0.70%)
Effective income tax rate 20.60% 32.40% 18.90% 23.00%
v3.25.3
INCOME TAXES - Narrative (Details)
$ in Millions
Sep. 30, 2025
USD ($)
Income Tax Disclosure [Abstract]  
Unrecognized tax benefits and related interest and penalties, all of which would affect our effective tax rate if recognized $ 42.8
Decrease in unrecognized tax benefits due to lapse of statute of limitations $ 1.2
v3.25.3
STOCK AWARD PLANS - Total Compensation Expense Recognized (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Stock-based compensation expense $ 18,746 $ 22,004 $ 62,774 $ 64,249
Stock options        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Stock-based compensation expense 0 1,094 0 3,258
Stock awards        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Stock-based compensation expense 18,214 20,330 60,311 58,530
Company expense on ESPP discount        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Stock-based compensation expense $ 532 $ 580 $ 2,463 $ 2,461
v3.25.3
STOCK AWARD PLANS - Narrative (Details) - USD ($)
 3 Months Ended 9 Months Ended
May 08, 2025
Feb. 05, 2025
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
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
Additional shares authorized for grant under stock plan (shares) 4,000,000            
Shares available for stock awards (shares)     4,646,611   4,646,611    
Stock-based compensation expense     $ 18,746,000 $ 22,004,000 $ 62,774,000 $ 64,249,000  
Stock options              
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]              
Unrecognized compensation expense     0   0    
Stock-based compensation expense     0 $ 1,094,000 0 $ 3,258,000  
Stock awards              
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]              
Unrecognized compensation expense     182,000,000.0   $ 182,000,000.0    
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)         20.00%    
Performance-based restricted stock units              
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]              
Stock awards granted (shares)   300,366          
Weighted average grant date fair value (in dollars per share)   $ 96.75          
Award vesting period   3 years     3 years    
Upside opportunity upon achievement of targets (percent)   200.00%     200.00%    
Time-based restricted stock units              
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]              
Stock awards granted (shares)   477,962          
Weighted average grant date fair value (in dollars per share)   $ 96.75          
Award vesting period   3 years     3 years    
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Requisite Service Period   2 years          
Time-Based restricted stock unit retention awards | Minimum              
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]              
Award vesting period         1 year    
Time-Based restricted stock unit retention awards | Maximum              
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]              
Award vesting period         3 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%    
v3.25.3
STOCK AWARD PLANS - Employee Stock Purchase Plan Activity (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Shares purchased by employees (shares) 26,792      
Aggregate cost to employees $ 3,015      
Expense recognized by the company 18,746 $ 22,004 $ 62,774 $ 64,249
Company expense on ESPP discount        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Expense recognized by the company $ 532 $ 580 $ 2,463 $ 2,461
v3.25.3
SEGMENT REPORTING - Narrative (Details)
 9 Months Ended
Sep. 30, 2025
segment
Segment Reporting [Abstract]  
Number of reportable segments 2
v3.25.3
SEGMENT REPORTING - Reportable Segment Information (Details)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2025
USD ($)
employee
Sep. 30, 2024
USD ($)
employee
Sep. 30, 2025
USD ($)
employee
Sep. 30, 2024
USD ($)
employee
Dec. 31, 2024
USD ($)
Segment Reporting Information [Line Items]          
Total revenues $ 4,136,846 $ 4,644,641 $ 12,320,129 $ 13,540,300  
Personnel expenses 349,302 361,559 1,033,177 1,101,868  
Other selling, general, and administrative expenses 135,939 193,575 425,611 493,181  
Income from operations 220,836 180,119 613,608 485,342  
Interest and other income/expense, net (15,602) (36,282) (57,679) (74,587)  
Income before provision for income taxes 205,234 143,837 555,929 410,755  
Depreciation and amortization 25,829 23,948 76,337 72,880  
Total assets $ 5,227,854 $ 5,613,355 $ 5,227,854 $ 5,613,355 $ 5,297,926
Average headcount (employee) | employee 12,559 14,085 12,953 14,537  
Transportation and logistics services          
Segment Reporting Information [Line Items]          
Total revenues $ 3,783,535 $ 4,278,300 $ 11,252,110 $ 12,482,818  
Purchased products and services 3,112,683 3,575,983 9,286,694 10,501,362  
Operating Segments          
Segment Reporting Information [Line Items]          
Total revenues 3,752,041 4,075,807 11,111,376 11,845,889  
Income from operations 221,899 236,882 623,834 559,413  
Corporate And Reconciling Items          
Segment Reporting Information [Line Items]          
Total revenues 384,805 568,834 1,208,753 1,694,411  
Income from operations (1,063) (56,763) (10,226) (74,071)  
Depreciation and amortization 18,705 16,436 55,262 48,856  
Total assets $ 1,015,845 $ 1,020,897 $ 1,015,845 $ 1,020,897  
Average headcount (employee) | employee 3,127 3,938 3,339 4,023  
NAST | Operating Segments          
Segment Reporting Information [Line Items]          
Total revenues $ 2,965,694 $ 2,934,617 $ 8,752,341 $ 8,924,839  
Personnel expenses 162,086 164,122 483,070 510,110  
Other selling, general, and administrative expenses 109,175 107,775 331,101 328,557  
Income from operations 172,878 148,767 480,540 398,764  
Depreciation and amortization 4,874 4,904 14,498 15,779  
Total assets $ 2,978,317 $ 3,026,031 $ 2,978,317 $ 3,026,031  
Average headcount (employee) | employee 5,187 5,595 5,234 5,800  
NAST | Operating Segments | Transportation and logistics services          
Segment Reporting Information [Line Items]          
Purchased products and services $ 2,521,555 $ 2,513,953 $ 7,457,630 $ 7,687,408  
Global Forwarding | Operating Segments          
Segment Reporting Information [Line Items]          
Total revenues 786,347 1,141,190 2,359,035 2,921,050  
Personnel expenses 92,507 92,419 268,295 279,077  
Other selling, general, and administrative expenses 50,227 54,102 152,375 159,022  
Income from operations 49,021 88,115 143,294 160,649  
Depreciation and amortization 2,250 2,608 6,577 8,245  
Total assets $ 1,233,692 $ 1,566,427 $ 1,233,692 $ 1,566,427  
Average headcount (employee) | employee 4,245 4,552 4,380 4,714  
Global Forwarding | Operating Segments | Transportation and logistics services          
Segment Reporting Information [Line Items]          
Purchased products and services $ 594,592 $ 906,554 $ 1,795,071 $ 2,322,302  
All Other and Corporate | Corporate And Reconciling Items          
Segment Reporting Information [Line Items]          
Total revenues $ 384,805 $ 568,834 $ 1,208,753 $ 1,694,411  
v3.25.3
REVENUE FROM CONTRACTS WITH CUSTOMERS (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Disaggregation of Revenue [Line Items]        
Total revenues $ 4,136,846 $ 4,644,641 $ 12,320,129 $ 13,540,300
Operating Segments        
Disaggregation of Revenue [Line Items]        
Total revenues 3,752,041 4,075,807 11,111,376 11,845,889
Operating Segments | NAST        
Disaggregation of Revenue [Line Items]        
Total revenues 2,965,694 2,934,617 8,752,341 8,924,839
Operating Segments | Global Forwarding        
Disaggregation of Revenue [Line Items]        
Total revenues 786,347 1,141,190 2,359,035 2,921,050
Corporate And Reconciling Items        
Disaggregation of Revenue [Line Items]        
Total revenues 384,805 568,834 1,208,753 1,694,411
Corporate And Reconciling Items | All Other and Corporate        
Disaggregation of Revenue [Line Items]        
Total revenues 384,805 568,834 1,208,753 1,694,411
Transportation and logistics services        
Disaggregation of Revenue [Line Items]        
Total revenues 3,783,535 4,278,300 11,252,110 12,482,818
Transportation and logistics services | Performance obligations completed over time        
Disaggregation of Revenue [Line Items]        
Total revenues 3,783,535 4,278,300 11,252,110 12,482,818
Transportation and logistics services | Operating Segments | NAST | Performance obligations completed over time        
Disaggregation of Revenue [Line Items]        
Total revenues 2,965,694 2,934,617 8,752,341 8,924,839
Transportation and logistics services | Operating Segments | Global Forwarding | Performance obligations completed over time        
Disaggregation of Revenue [Line Items]        
Total revenues 786,347 1,141,190 2,359,035 2,921,050
Transportation and logistics services | Corporate And Reconciling Items | All Other and Corporate | Performance obligations completed over time        
Disaggregation of Revenue [Line Items]        
Total revenues 31,494 202,493 140,734 636,929
Sourcing        
Disaggregation of Revenue [Line Items]        
Total revenues 353,311 366,341 1,068,019 1,057,482
Sourcing | Performance obligations completed at a point in time        
Disaggregation of Revenue [Line Items]        
Total revenues 353,311 366,341 1,068,019 1,057,482
Sourcing | Operating Segments | NAST | Performance obligations completed at a point in time        
Disaggregation of Revenue [Line Items]        
Total revenues 0 0 0 0
Sourcing | Operating Segments | Global Forwarding | Performance obligations completed at a point in time        
Disaggregation of Revenue [Line Items]        
Total revenues 0 0 0 0
Sourcing | Corporate And Reconciling Items | All Other and Corporate | Performance obligations completed at a point in time        
Disaggregation of Revenue [Line Items]        
Total revenues $ 353,311 $ 366,341 $ 1,068,019 $ 1,057,482
v3.25.3
LEASES - Lease Data (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Dec. 31, 2024
Lease Costs          
Operating lease expense $ 23,239 $ 24,080 $ 68,352 $ 72,884  
Short-term lease expense 1,413 513 3,612 3,196  
Right-of-use asset impairment 138 535 6,397 4,161  
Total lease expense(3) $ 24,790 25,128 78,361 80,241  
Other Lease Information          
Operating cash flows from operating leases     75,576 72,916  
Right-of-use lease assets obtained in exchange for new lease liabilities     $ 24,632 57,854  
Lease Term and Discount Rate          
Weighted average remaining lease term (in years) 5 years 1 month 6 days   5 years 1 month 6 days   5 years 6 months
Weighted average discount rate (percent) 4.50%   4.50%   4.30%
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]          
Right-of-use asset impairment $ 138 $ 535 $ 6,397 $ 4,161  
Kansas City          
Lease Costs          
Right-of-use asset impairment     6,300    
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]          
Right-of-use asset impairment     $ 6,300    
v3.25.3
LEASES - Maturities of Lease Liabilities (Details)
$ in Thousands
Sep. 30, 2025
USD ($)
Maturities of lease liabilities  
Remaining 2025 $ 16,354
2026 89,538
2027 73,356
2028 57,914
2029 43,630
Thereafter 76,695
Total lease payments 357,487
Less: Interest (38,219)
Present value of lease liabilities $ 319,268
v3.25.3
ALLOWANCE FOR CREDIT LOSSES (Details)
$ in Thousands
 9 Months Ended
Sep. 30, 2025
USD ($)
Rollforward of Allowance for Credit Loss  
Allowance for credit loss, beginning balance $ 14,038
Provision 6,897
Write-offs (6,613)
Allowance for credit loss, ending balance $ 14,322
v3.25.3
CHANGES IN ACCUMULATED OTHER COMPREHENSIVE LOSS (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Dec. 31, 2024
Stockholders' Equity Note [Abstract]          
Accumulated other comprehensive loss $ 74,654   $ 74,654   $ 110,402
Other comprehensive income (loss) $ (2,772) $ 29,494 $ 35,748 $ 8,691  
v3.25.3
RESTRUCTURING - Narrative (Details) - USD ($)
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Dec. 31, 2024
2025 Restructuring Program          
Restructuring Cost and Reserve [Line Items]          
Restructuring charges $ 9,930,000   $ 13,811,000    
Payments for restructuring     8,580,000    
Restructuring Reserve 5,096,000   5,096,000   $ 0
2024 Restructuring Program          
Restructuring Cost and Reserve [Line Items]          
Restructuring charges   $ 4,429,000   $ 32,549,000  
Payments for restructuring     3,747,000    
Restructuring Reserve 0   0   $ 4,023,000
Minimum | 2025 Restructuring Program          
Restructuring Cost and Reserve [Line Items]          
Expected restructuring charges 50,000,000   50,000,000    
Maximum | 2025 Restructuring Program          
Restructuring Cost and Reserve [Line Items]          
Expected restructuring charges $ 75,000,000   $ 75,000,000    
v3.25.3
RESTRUCTURING - Restructuring Charges (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
2025 Restructuring Program        
Restructuring Cost and Reserve [Line Items]        
Restructuring charges $ 9,930   $ 13,811  
2025 Restructuring Program | Personnel Expenses        
Restructuring Cost and Reserve [Line Items]        
Restructuring charges 424   641  
2025 Restructuring Program | Other selling, general, and administrative expenses        
Restructuring Cost and Reserve [Line Items]        
Restructuring charges 202   202  
2024 Restructuring Program        
Restructuring Cost and Reserve [Line Items]        
Restructuring charges   $ 4,429   $ 32,549
2024 Restructuring Program | Personnel Expenses        
Restructuring Cost and Reserve [Line Items]        
Restructuring charges   420   1,618
2024 Restructuring Program | Other selling, general, and administrative expenses        
Restructuring Cost and Reserve [Line Items]        
Restructuring charges   1,632   12,341
Severance | 2025 Restructuring Program        
Restructuring Cost and Reserve [Line Items]        
Restructuring charges $ 9,304   $ 12,968  
Severance | 2024 Restructuring Program        
Restructuring Cost and Reserve [Line Items]        
Restructuring charges   $ 2,377   $ 18,590
v3.25.3
RESTRUCTURING - By Segment (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
2024 Restructuring Program        
Restructuring Cost and Reserve [Line Items]        
Restructuring charges   $ 4,429   $ 32,549
2024 Restructuring Program | Other selling, general, and administrative expenses        
Restructuring Cost and Reserve [Line Items]        
Restructuring charges   1,632   12,341
2025 Restructuring Program        
Restructuring Cost and Reserve [Line Items]        
Restructuring charges $ 9,930   $ 13,811  
2025 Restructuring Program | Other selling, general, and administrative expenses        
Restructuring Cost and Reserve [Line Items]        
Restructuring charges 202   202  
NAST | 2024 Restructuring Program        
Restructuring Cost and Reserve [Line Items]        
Restructuring charges   560   6,214
NAST | 2025 Restructuring Program        
Restructuring Cost and Reserve [Line Items]        
Restructuring charges 75   75  
Global Forwarding | 2024 Restructuring Program        
Restructuring Cost and Reserve [Line Items]        
Restructuring charges   855   2,413
Global Forwarding | 2025 Restructuring Program        
Restructuring Cost and Reserve [Line Items]        
Restructuring charges 127   127  
All Other and Corporate | 2024 Restructuring Program        
Restructuring Cost and Reserve [Line Items]        
Restructuring charges   217   3,714
All Other and Corporate | 2025 Restructuring Program        
Restructuring Cost and Reserve [Line Items]        
Restructuring charges 0   0  
Severance and Other Personnel Expenses | 2024 Restructuring Program        
Restructuring Cost and Reserve [Line Items]        
Restructuring charges   2,797   20,208
Severance and Other Personnel Expenses | 2025 Restructuring Program        
Restructuring Cost and Reserve [Line Items]        
Restructuring charges 9,728   13,609  
Severance and Other Personnel Expenses | NAST | 2024 Restructuring Program        
Restructuring Cost and Reserve [Line Items]        
Restructuring charges   1,238   9,022
Severance and Other Personnel Expenses | NAST | 2025 Restructuring Program        
Restructuring Cost and Reserve [Line Items]        
Restructuring charges 1,199   1,876  
Severance and Other Personnel Expenses | Global Forwarding | 2024 Restructuring Program        
Restructuring Cost and Reserve [Line Items]        
Restructuring charges   461   5,855
Severance and Other Personnel Expenses | Global Forwarding | 2025 Restructuring Program        
Restructuring Cost and Reserve [Line Items]        
Restructuring charges 8,403   10,979  
Severance and Other Personnel Expenses | All Other and Corporate | 2024 Restructuring Program        
Restructuring Cost and Reserve [Line Items]        
Restructuring charges   $ 1,098   $ 5,331
Severance and Other Personnel Expenses | All Other and Corporate | 2025 Restructuring Program        
Restructuring Cost and Reserve [Line Items]        
Restructuring charges $ 126   754  
Other selling, general, and administrative expenses | 2025 Restructuring Program        
Restructuring Cost and Reserve [Line Items]        
Restructuring charges     $ 202  
v3.25.3
RESTRUCTURING - Reserve (Details) - USD ($)
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
2025 Restructuring Program        
Restructuring Reserve [Roll Forward]        
Balance, December 31, 2024     $ 0  
Restructuring charges $ 9,930,000   13,811,000  
Cash payments     (8,580,000)  
Settled non-cash     (146,000)  
Accrual adjustments     11,000  
Balance, September 30, 2025 5,096,000   5,096,000  
2025 Restructuring Program | Accrued Severance and Other Personnel Expenses        
Restructuring Reserve [Roll Forward]        
Balance, December 31, 2024     0  
Restructuring charges     13,609,000  
Cash payments     (8,551,000)  
Settled non-cash     0  
Accrual adjustments     11,000  
Balance, September 30, 2025 5,069,000   5,069,000  
2025 Restructuring Program | Other selling, general, and administrative expenses        
Restructuring Reserve [Roll Forward]        
Balance, December 31, 2024     0  
Restructuring charges     202,000  
Cash payments     (29,000)  
Settled non-cash     (146,000)  
Accrual adjustments     0  
Balance, September 30, 2025 27,000   27,000  
2024 Restructuring Program        
Restructuring Reserve [Roll Forward]        
Balance, December 31, 2024     4,023,000  
Restructuring charges   $ 4,429,000   $ 32,549,000
Cash payments     (3,747,000)  
Accrual adjustments     (276,000)  
Balance, September 30, 2025 0   0  
2024 Restructuring Program | Accrued Severance and Other Personnel Expenses        
Restructuring Reserve [Roll Forward]        
Balance, December 31, 2024     3,679,000  
Cash payments     (3,405,000)  
Accrual adjustments     (274,000)  
Balance, September 30, 2025 0   0  
2024 Restructuring Program | Other selling, general, and administrative expenses        
Restructuring Reserve [Roll Forward]        
Balance, December 31, 2024     344,000  
Cash payments     (342,000)  
Accrual adjustments     (2,000)  
Balance, September 30, 2025 $ 0   $ 0  
v3.25.3
DIVESTITURES - Narrative (Details) - USD ($)
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Feb. 01, 2025
Dec. 31, 2024
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]            
Change in loss on disposal group     $ (569,000) $ 48,232,000    
Europe Surface Transportation | Disposal Group, Held-for-Sale, Not Discontinued Operations            
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]            
Change in loss on disposal group   $ 48,200,000   48,200,000    
Other selling, general, and administrative expenses(2)   $ 57,000,000.0   $ 57,000,000.0    
Total assets held for sale(1) $ 0   0     $ 137,634,000
Total liabilities held for sale(1) 0   0     $ 67,413,000
Europe Surface Transportation | Disposal Group, Disposed of by Sale, Not Discontinued Operations            
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]            
Change in loss on disposal group $ (200,000)   $ 2,600,000      
Consideration received         $ 27,700,000  
v3.25.3
DIVESTITURES - Summary of Exit and Disposal Costs (Details) - Disposal Group, Disposed of by Sale, Not Discontinued Operations - Europe Surface Transportation - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]        
Personnel expenses(1) $ 0   $ 1,194  
Other selling, general, and administrative expenses(2) (176) $ 57,036 1,413 $ 57,036
Income tax benefits(3) (69) (2,113) (1,169) (2,113)
Total $ (245) $ 54,923 $ 1,438 $ 54,923
v3.25.3
DIVESTITURES - Held for Sale (Details) - USD ($)
Sep. 30, 2025
Dec. 31, 2024
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]    
Accumulated other comprehensive loss $ (74,654,000) $ (110,402,000)
Europe Surface Transportation | 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   10,307,000
Receivables   114,721,000
Goodwill and other intangible assets   31,297,000
Right-of-use lease assets   10,737,000
Other assets   3,366,000
Valuation allowance   (32,794,000)
Total assets held for sale(1) 0 137,634,000
Accounts payable   51,388,000
Lease liabilities   10,540,000
Other liabilities   5,485,000
Total liabilities held for sale(1) $ 0 67,413,000
Accumulated other comprehensive loss   $ 2,238,000
v3.25.3
SUBSEQUENT EVENTS (Details) - USD ($)
$ in Billions
Oct. 28, 2025
Sep. 30, 2025
Dec. 31, 2021
Subsequent Event [Line Items]      
Share Repurchase Program, Remaining Authorized, Number of Shares   4,450,030  
Share Repurchase Program, Authorized, Number of Shares     20,000,000
Subsequent Event      
Subsequent Event [Line Items]      
Share Repurchase Program, Authorized, Additional Amount $ 2.0