and morning the good on everyone Nick, call. to Thank you,
to we on to update get strategic other we like Q&A, items. you and would few a Before
LTL available expedited early front, and management shipments. market sustained customers continuing and to penetrating while to We're stages, On and the also position readily and expanded participate our addressable the transportation To density our terminals in in excited LTL is XPL begun base, we team billion serving we loaded a delivery this about XPL to to has our in provide have remains implemented of but systems. selectively with our local make drivers opportunity. existing that current with have XXX provide the heavier-weight pickup roughly a initiative, the capacity the group we being at will initially service our our current believe grow supplement customers its which freight investments $X expedient in It market, customer segment is strategy movements. dependable, to tariffs
on group load our growing we're mode. operating and as Truckload continues offerings our business the We're business secular implement refrigerated been we the also our decision-making. us help Truckload migrated of strong nonpharmaceutical Our see this grow focus the process in real-time The by business. our improving has to van system, which for McLeod, converting dry visibility a McLeod will refrigerated in and enhancing trend growth to
pursuing acquisitions. XX drayage an rate million. top group of provider, We're additional now $XXX Intermodal run revenue Our is annualized with a
have strategic which investments, map we and We run can X to years. million organic this of in business $XXX road a the a inorganic to grow believe rate X next
that we're parts final-mile and where our total, Distribution freight verticals Pool initiatives Finally, continues does position strengthen and and will believe it hospitality larger, a strengthen its premium where company. makes while our business, in to distribution logistics also as such broaden In other to this group all distribution. of these we sense, enable retail model asset-light exploring and care, wider-reaching, footprint health us become service its
stock during turn Over and because back initiatives. of We the incur did to the $XX a during time, we roughly leverage stock allocation, reduced X.XX quarter, at count year-over-year in continue buy and Regarding share quarterly million our have not quarter growth first will any our debt remains repurchased XXXX believe of of capital our we first we by EBITDA. X.X%. additional
look also turn by prominent structure we expect will not which optimize to will We EBITDA. of exceed level our carrying debt, a of more do capital X
past recognition our XXXX. As we in standard changed described in few the for revenue has calls,
fuel our revenue gross linehaul our reporting not on percent-complete basis. surcharge a revenue are on a We basis and
in under comparison. is rules period prior apples-to-apples also provide new order these Our an presented to
combined $X automotive final million accounting we prepared Historically, liability present XX-K, adoption each and of we of for item insurance will layers have procure We have renewal self-insured trucking difficult publicized. remarks. our our able balance our to retention and five year. In recast wrap will adverse companies resulted in much process of new before the the retrospective those this this external been consistent XXXX. continue our insurance One Intermodal our standard. to this have Truckload market with a approach under historical With were effort, challenges, own, history insurance XXXX in we businesses. data some well this insurance for we quarter And for years rules, The current challenges purchased with up risk of up level. the our loss full above of economically
coverage LTL layers. However, could not priced our for find businesses, Pool we for and our reasonably policies initial
risk contain these aggregate of also As million, a primary self-insure retain level. claim maximum exposure be at on These our will be provided above such, with will reduces claim. this experience which $X.X XX-Q, in one The today. layers and significant than insurance layers, more our kicking in filed which of did we coverage chose exposure our self-insured our limits various if external ever policies to we policies specifics
saving estimate XXXX, of risk the premiums are For automotive we that cost inflation. will through this cost help the should The self-insurance balance of mitigate we our rise slightly. consolidated liability
also company are We to additional economic a benefits. establishing insurance generate exploring captive
provide we project However, From are more in Q&A. than Nick, impacts commentary claim If and will predicted for effect actuarially a costs have calls. the that and let's our past. releases actual forecast future that, and open we With that line favorable been volatility. claim we standpoint, additional both guidance excess not unfavorable, performance any to exposed relative are the to volatility, to earnings we will volatility our guidance, in will
