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Correction Of Immaterial Errors (Table)
6 Months Ended
Jun. 30, 2021
Quantifying Prior Year Misstatements Corrected In Current Year Financial Statements [Abstract]  
Schedule of Effect of the Correction

The below tables present the effect of the correction for the following periods:

 

 

Three Months ended Mar 31, 2021

 

 

 

As         Reported

 

 

Adjustments

 

 

As         Corrected

 

Revenues:

 

 

 

 

 

 

 

 

 

 

 

 

Airfreight services

 

$

1,476,961

 

 

$

(151,046

)

 

$

1,325,915

 

Ocean freight and ocean services

 

 

958,178

 

 

 

(4,266

)

 

 

953,912

 

Customs brokerage and other services

 

 

922,401

 

 

 

(3,408

)

 

 

918,993

 

Total revenues1

 

 

3,357,540

 

 

 

(158,720

)

 

 

3,198,820

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Directly related transportation operating expenses:

 

 

 

 

 

 

 

 

 

 

 

 

Airfreight services

 

$

1,105,590

 

 

$

(151,046

)

 

$

954,544

 

Ocean freight and ocean services

 

 

746,701

 

 

 

(4,266

)

 

 

742,435

 

Customs brokerage and other services

 

 

553,713

 

 

 

(3,408

)

 

 

550,305

 

Total directly related transportation operating expenses1

 

 

2,406,004

 

 

 

(158,720

)

 

 

2,247,284

 

1The North Asia business segment accounts for 73% of total adjustments.

 

 

 

 

 

Three Months ended June 30, 2020

 

 

 

As         Reported

 

 

Adjustments

 

 

As         Corrected

 

Revenues:

 

 

 

 

 

 

 

 

 

 

 

 

Airfreight services

 

$

1,434,590

 

 

$

(164,936

)

 

$

1,269,654

 

Ocean freight and ocean services

 

 

491,712

 

 

 

(2,327

)

 

 

489,385

 

Customs brokerage and other services

 

 

654,330

 

 

 

(2,291

)

 

 

652,039

 

Total revenues1

 

 

2,580,632

 

 

 

(169,554

)

 

 

2,411,078

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Directly related transportation operating expenses:

 

 

 

 

 

 

 

 

 

 

 

 

Airfreight services

 

$

1,097,073

 

 

$

(164,936

)

 

$

932,137

 

Ocean freight and ocean services

 

 

363,599

 

 

 

(2,327

)

 

 

361,272

 

Customs brokerage and other services

 

 

370,369

 

 

 

(2,291

)

 

 

368,078

 

Total directly related transportation operating expenses1

 

 

1,831,041

 

 

 

(169,554

)

 

 

1,661,487

 

1The North Asia business segment accounts for 78% of total adjustments.

 

 

 

Six Months ended June 30, 2020

 

 

 

As         Reported

 

 

Adjustments

 

 

As         Corrected

 

Revenues:

 

 

 

 

 

 

 

 

 

 

 

 

Airfreight services

 

$

2,143,629

 

 

$

(218,377

)

 

$

1,925,252

 

Ocean freight and ocean services

 

 

985,139

 

 

 

(4,414

)

 

 

980,725

 

Customs brokerage and other services

 

 

1,353,728

 

 

 

(4,860

)

 

 

1,348,868

 

Total revenues1

 

 

4,482,496

 

 

 

(227,651

)

 

 

4,254,845

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Directly related transportation operating expenses:

 

 

 

 

 

 

 

 

 

 

 

 

Airfreight services

 

$

1,617,242

 

 

$

(218,377

)

 

$

1,398,865

 

Ocean freight and ocean services

 

 

730,082

 

 

 

(4,414

)

 

 

725,668

 

Customs brokerage and other services

 

 

770,445

 

 

 

(4,860

)

 

 

765,585

 

Total directly related transportation operating expenses1

 

 

3,117,769

 

 

 

(227,651

)

 

 

2,890,118

 

1The North Asia business segment accounts for 76% of total adjustments.