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Business Segment Information | 12 Months Ended
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Dec. 31, 2018
Segment Reporting [Abstract] |
BUSINESS SEGMENT INFORMATION | BUSINESS SEGMENT INFORMATION Financial information regarding 2018, 2017 and 2016 operations by the Company’s designated geographic areas is as follows:
| United States |  | Other North America
2018 |  |  |
Revenues from unaffiliated customers | $ | 2,336,681 |  |  | 340,122 |
Transfers between geographic areas | 143,131 |  |  | 15,680 |
Total revenues | $ | 2,479,812 |  |  | 355,802 |
Net revenues 1 | $ | 1,126,888 |  |  | 139,049 |
Operating income | $ | 310,071 |  |  | 44,099 |
Identifiable assets at year end | $ | 1,689,950 |  |  | 161,604 |
Capital expenditures | $ | 21,732 |  |  | 4,259 |
Depreciation and amortization | $ | 33,511 |  |  | 1,847 |
Equity | $ | 1,339,673 |  |  | 72,941 |
2017 |  |  |
Revenues from unaffiliated customers | $ | 1,851,395 |  |  | 256,359 |
Transfers between geographic areas | 111,163 |  |  | 11,827 |
Total revenues | $ | 1,962,558 |  |  | 268,186 |
Net revenues 1 | $ | 1,008,841 |  |  | 119,071 |
Operating income | $ | 277,821 |  |  | 38,131 |
Identifiable assets at year end | $ | 1,595,140 |  |  | 151,181 |
Capital expenditures | $ | 28,212 |  |  | 1,563 |
Depreciation and amortization | $ | 32,017 |  |  | 1,546 |
Equity | $ | 1,337,568 |  |  | 60,705 |
2016 |  |  |
Revenues from unaffiliated customers | $ | 1,683,006 |  |  | 226,561 |
Transfers between geographic areas | 106,076 |  |  | 10,778 |
Total revenues | $ | 1,789,082 |  |  | 237,339 |
Net revenues 1 | $ | 918,110 |  |  | 119,492 |
Operating income | $ | 250,715 |  |  | 32,530 |
Identifiable assets at year end | $ | 1,455,722 |  |  | 104,804 |
Capital expenditures | $ | 39,531 |  |  | 1,727 |
Depreciation and amortization | $ | 29,939 |  |  | 1,479 |
Equity | $ | 1,166,582 |  |  | 46,448 |
|  | Latin America |  | North Asia |  | South Asia |  | Europe |  | Middle East, Africa and India |  | Elimi- nations |  | Consoli- dated
2018 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues from unaffiliated customers |  | 141,196 |  |  | 2,860,876 |  |  | 748,858 |  |  | 1,268,757 |  |  | 441,875 |  |  | — |  |  | 8,138,365 |
Transfers between geographic areas |  | 15,658 |  |  | 25,446 |  |  | 29,005 |  |  | 61,608 |  |  | 22,196 |  |  | (312,724 | ) |  | — |
Total revenues |  | 156,854 |  |  | 2,886,322 |  |  | 777,863 |  |  | 1,330,365 |  |  | 464,071 |  |  | (312,724 | ) |  | 8,138,365 |
Net revenues 1 |  | 62,813 |  |  | 570,496 |  |  | 185,938 |  |  | 403,416 |  |  | 133,862 |  |  | (2,089 | ) |  | 2,620,373 |
Operating income |  | 8,843 |  |  | 281,481 |  |  | 60,882 |  |  | 65,446 |  |  | 25,731 |  |  | 10 |  |  | 796,563 |
Identifiable assets at year end |  | 53,542 |  |  | 533,071 |  |  | 152,646 |  |  | 513,744 |  |  | 206,367 |  |  | 3,635 |  |  | 3,314,559 |
Capital expenditures |  | 1,042 |  |  | 3,057 |  |  | 2,182 |  |  | 10,815 |  |  | 4,387 |  |  | — |  |  | 47,474 |
Depreciation and amortization |  | 1,508 |  |  | 5,309 |  |  | 2,257 |  |  | 7,727 |  |  | 1,860 |  |  | — |  |  | 54,019 |
Equity |  | 26,007 |  |  | 200,371 |  |  | 100,706 |  |  | 157,003 |  |  | 123,228 |  |  | (32,209 | ) |  | 1,987,720 |
2017 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues from unaffiliated customers |  | 97,096 |  |  | 2,576,971 |  |  | 661,878 |  |  | 1,072,028 |  |  | 405,221 |  |  | — |  |  | 6,920,948 |
Transfers between geographic areas |  | 14,766 |  |  | 21,405 |  |  | 22,999 |  |  | 43,296 |  |  | 20,848 |  |  | (246,304 | ) |  | — |
Total revenues |  | 111,862 |  |  | 2,598,376 |  |  | 684,877 |  |  | 1,115,324 |  |  | 426,069 |  |  | (246,304 | ) |  | 6,920,948 |
Net revenues 1 |  | 58,199 |  |  | 509,235 |  |  | 163,450 |  |  | 335,702 |  |  | 121,267 |  |  | 3,424 |  |  | 2,319,189 |
Operating income |  | 9,964 |  |  | 248,422 |  |  | 53,057 |  |  | 48,491 |  |  | 24,365 |  |  | 9 |  |  | 700,260 |
Identifiable assets at year end |  | 55,431 |  |  | 458,152 |  |  | 137,279 |  |  | 501,711 |  |  | 215,495 |  |  | 2,619 |  |  | 3,117,008 |
Capital expenditures |  | 4,612 |  |  | 3,756 |  |  | 1,688 |  |  | 53,954 |  |  | 1,231 |  |  | — |  |  | 95,016 |
Depreciation and amortization |  | 1,277 |  |  | 5,326 |  |  | 2,215 |  |  | 5,068 |  |  | 1,861 |  |  | — |  |  | 49,310 |
Equity |  | 26,546 |  |  | 240,721 |  |  | 94,516 |  |  | 142,971 |  |  | 123,600 |  |  | (32,254 | ) |  | 1,994,373 |
2016 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues from unaffiliated customers |  | 84,665 |  |  | 2,242,670 |  |  | 603,980 |  |  | 918,561 |  |  | 338,594 |  |  | — |  |  | 6,098,037 |
Transfers between geographic areas |  | 15,037 |  |  | 21,212 |  |  | 24,251 |  |  | 41,102 |  |  | 21,876 |  |  | (240,332 | ) |  | — |
Total revenues |  | 99,702 |  |  | 2,263,882 |  |  | 628,231 |  |  | 959,663 |  |  | 360,470 |  |  | (240,332 | ) |  | 6,098,037 |
Net revenues 1 |  | 56,066 |  |  | 471,275 |  |  | 171,033 |  |  | 304,429 |  |  | 123,335 |  |  | 296 |  |  | 2,164,036 |
Operating income |  | 13,321 |  |  | 230,777 |  |  | 64,967 |  |  | 42,195 |  |  | 35,672 |  |  | (14 | ) |  | 670,163 |
Identifiable assets at year end |  | 49,231 |  |  | 511,851 |  |  | 120,300 |  |  | 351,960 |  |  | 190,902 |  |  | 6,101 |  |  | 2,790,871 |
Capital expenditures |  | 1,038 |  |  | 3,889 |  |  | 3,038 |  |  | 7,554 |  |  | 2,539 |  |  | — |  |  | 59,316 |
Depreciation and amortization |  | 1,187 |  |  | 5,455 |  |  | 2,177 |  |  | 4,576 |  |  | 1,983 |  |  | — |  |  | 46,796 |
Equity |  | 27,164 |  |  | 327,672 |  |  | 91,983 |  |  | 108,430 |  |  | 112,633 |  |  | (33,699 | ) |  | 1,847,213 |
_______________________ 1 Net revenues are a non-GAAP measure calculated as revenues less directly related operating expenses attributable to the Company's principal services. The Company's management believes that net revenues are a better measure than total revenues when evaluating the Company's operating segment performance since total revenues earned as a freight consolidator include the carriers' charges for carrying the shipment, whereas revenues earned in other capacities include primarily the commissions and fees earned by the Company. Net revenue is one of the Company's primary operational and financial measures and demonstrates the Company's ability to concentrate and leverage purchasing power through effective consolidation of shipments from customers utilizing a variety of transportation carriers and optimal routings. The following table presents the calculation of net revenues:
Years ended December 31, |  | 2018 |  | 2017 |  | 2016
Revenues: |  |  |  |  |  |
Total revenues |  | $ | 8,138,365 |  |  | 6,920,948 |  |  | 6,098,037 |
Expenses: |  |  |  |  |  |
Airfreight services |  | 2,410,793 |  |  | 2,126,761 |  |  | 1,752,167 |
Ocean freight and ocean services |  | 1,664,168 |  |  | 1,543,740 |  |  | 1,378,699 |
Customs brokerage and other services |  | 1,443,031 |  |  | 931,258 |  |  | 803,135 |
Net revenues |  | $ | 2,620,373 |  |  | 2,319,189 |  |  | 2,164,036 |
Other than the United States, only the People’s Republic of China, including Hong Kong, represented more than 10% of the Company’s total revenue, net revenue, total identifiable assets or equity in any period presented as noted in the table below.
|  | 2018 |  | 2017 |  | 2016
Total revenues |  | 29 | % |  | 31 | % |  | 31 | %
Net revenues |  | 18 | % |  | 18 | % |  | 18 | %
Identifiable assets at year end |  | 14 | % |  | 11 | % |  | 15 | %
Equity |  | 8 | % |  | 8 | % |  | 13 | %

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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