6 unchanged sentences
However, we do not recover all of the fuel cost increase through these surcharge programs.
−Removed: As of September 30, 2024, we had no derivative financial instruments to reduce our exposure to fuel price fluctuations.
+Added: As of March 31, 2025, we had no derivative financial instruments to reduce our exposure to fuel price fluctuations.
Foreign Currency Exchange Rate Risk
5 unchanged sentences
Foreign currency translation gains and losses primarily relate to changes in the value of revenue equipment owned by a subsidiary in Mexico, whose functional currency is the Peso.
−Removed: Foreign currency translation losses were $2.4 million and $1.3 million for third quarter 2024 and 2023, respectively.
−Removed: These losses were recorded in accumulated other comprehensive loss within stockholders’ equity in the consolidated condensed balance sheets.
+Added: Foreign currency translation losses were $0.1 million for first quarter 2025 and gains were $0.5 million for first quarter 2024.
+Added: These gains and losses were recorded in accumulated other comprehensive loss within stockholders’ equity on the consolidated condensed balance sheets.
Interest Rate Risk
We manage interest rate exposure through a mix of variable interest rate debt and interest rate swap agreements.
−Removed: We had $355.0 million of variable interest rate debt outstanding at September 30, 2024, for which the interest rate is effectively fixed at 5.97% with interest rate swap agreements to reduce our exposure to interest rate increases.
−Removed: In addition, we had $335.0 million of variable interest rate debt outstanding at September 30, 2024.
−Removed: The interest rates on our credit facility are based on Secured Overnight Financing Rate (“SOFR”).
−Removed: See Note 7 in the Notes to Consolidated Financial Statements (Unaudited) set forth in Part I of this report for further detail of our debt and interest rate swaps.
−Removed: Assuming this level of borrowing, a hypothetical one-percentage point increase in the SOFR interest rate would increase our interest expense by approximately $3.4 million for the next 12-month period.
+Added: We had $355.0 million of variable interest rate debt outstanding at March 31, 2025, for which the interest rate is effectively fixed at 5.97% with interest rate swap agreements to reduce our exposure to interest rate increases.
+Added: In addition, we had $285.0 million of variable interest rate debt outstanding at March 31, 2025.
+Added: Interest on our credit facilities is based on variable rates, including the Secured Overnight Financing Rate (“SOFR”) and commercial paper rate.
+Added: See Note 7 in the Notes to Consolidated Financial Statements
+Added: (Unaudited) set forth in Part I of this report for further detail of our debt and interest rate swaps.
+Added: Assuming this level of borrowing, a hypothetical one-percentage point increase in the SOFR and commercial paper rate would increase our interest expense by approximately $3.1 million for the next 12-month period.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.