6 unchanged sentences
However, we do not recover all of the fuel cost increase through these surcharge programs.
−Removed: As of March 31, 2025, we had no derivative financial instruments to reduce our exposure to fuel price fluctuations.
+Added: As of June 30, 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 $0.1 million for first quarter 2025 and gains were $0.5 million for first quarter 2024.
+Added: Foreign currency translation gains were $2.6 million for second quarter 2025 and losses were $4.1 million for second quarter 2024.
These gains and losses were recorded in accumulated other comprehensive loss within stockholders’ equity on the consolidated condensed balance sheets.
1 unchanged sentence
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 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.
−Removed: In addition, we had $285.0 million of variable interest rate debt outstanding at March 31, 2025.
+Added: We had $355.0 million of variable interest rate debt outstanding at June 30, 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 $370.0 million of variable interest rate debt outstanding at June 30, 2025.
Interest on our credit facilities is based on variable rates, including the Secured Overnight Financing Rate (“SOFR”) and commercial paper rate.
−Removed: See Note 7 in the Notes to Consolidated Financial Statements
−Removed: (Unaudited) set forth in Part I of this report for further detail of our debt and interest rate swaps.
+Added: 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.
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 $3.5 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.