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Correction Of Immaterial Errors (Table)
9 Months Ended
Sep. 30, 2021
Accounting Changes And Error Corrections [Abstract]  
Schedule of Effect of the Correction

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

 

 

 

Three Months ended September 30, 2020

 

 

 

As

Reported

 

 

Adjustments

 

 

As

Corrected

 

Revenues:

 

 

 

 

 

 

 

 

 

 

 

 

Airfreight services

 

$

1,093,550

 

 

$

(110,351

)

 

$

983,199

 

Ocean freight and ocean services

 

 

612,858

 

 

 

(3,042

)

 

 

609,816

 

Customs brokerage and other services

 

 

758,389

 

 

 

(2,691

)

 

 

755,698

 

Total revenues1

 

 

2,464,797

 

 

 

(116,084

)

 

 

2,348,713

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Directly related transportation operating expenses:

 

 

 

 

 

 

 

 

 

 

 

 

Airfreight services

 

$

833,689

 

 

$

(110,349

)

 

$

723,340

 

Ocean freight and ocean services

 

 

455,072

 

 

 

(3,044

)

 

 

452,028

 

Customs brokerage and other services

 

 

441,657

 

 

 

(2,691

)

 

 

438,966

 

Total directly related transportation operating expenses1

 

 

1,730,418

 

 

 

(116,084

)

 

 

1,614,334

 

 

1

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

 

 

 

Nine Months ended September 30, 2020

 

 

 

As

Reported

 

 

Adjustments

 

 

As

Corrected

 

Revenues:

 

 

 

 

 

 

 

 

 

 

 

 

Airfreight services

 

$

3,237,179

 

 

$

(328,728

)

 

$

2,908,451

 

Ocean freight and ocean services

 

 

1,597,997

 

 

 

(7,456

)

 

 

1,590,541

 

Customs brokerage and other services

 

 

2,112,117

 

 

 

(7,551

)

 

 

2,104,566

 

Total revenues1

 

 

6,947,293

 

 

 

(343,735

)

 

 

6,603,558

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Directly related transportation operating expenses:

 

 

 

 

 

 

 

 

 

 

 

 

Airfreight services

 

$

2,450,931

 

 

$

(328,726

)

 

$

2,122,205

 

Ocean freight and ocean services

 

 

1,185,154

 

 

 

(7,458

)

 

 

1,177,696

 

Customs brokerage and other services

 

 

1,212,102

 

 

 

(7,551

)

 

 

1,204,551

 

Total directly related transportation operating expenses1

 

 

4,848,187

 

 

 

(343,735

)

 

 

4,504,452

 

1

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