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Business Segment Information (Tables) | 9 Months Ended
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Sep. 30, 2019
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | Financial information regarding the Company’s operations by geographic area is as follows:
|  | UNITED STATES |  |  | OTHER NORTH AMERICA |  |  | LATIN AMERICA |  |  | NORTH ASIA |  |  | SOUTH ASIA |  |  | EUROPE |  |  | MIDDLE EAST, AFRICA AND INDIA |  |  | ELIMI- NATIONS |  |  | CONSOLI- DATED |
For the three months ended September 30, 2019: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues1 |  | $ | 692,229 |  |  |  | 88,088 |  |  |  | 38,341 |  |  |  | 624,351 |  |  |  | 196,569 |  |  |  | 320,769 |  |  |  | 115,397 |  |  |  | (889 | ) |  |  | 2,074,855 |
Directly related cost of transportation and other expenses2 |  | $ | 389,254 |  |  |  | 51,420 |  |  |  | 22,990 |  |  |  | 489,195 |  |  |  | 145,345 |  |  |  | 221,149 |  |  |  | 81,592 |  |  |  | (446 | ) |  |  | 1,400,499 |
Salaries and other operating expenses3 |  | $ | 210,767 |  |  |  | 25,731 |  |  |  | 14,547 |  |  |  | 70,410 |  |  |  | 32,482 |  |  |  | 86,156 |  |  |  | 28,151 |  |  |  | (438 | ) |  |  | 467,806 |
Operating income |  | $ | 92,208 |  |  |  | 10,937 |  |  |  | 804 |  |  |  | 64,746 |  |  |  | 18,742 |  |  |  | 13,464 |  |  |  | 5,654 |  |  |  | (5 | ) |  |  | 206,550 |
Identifiable assets at period end |  | $ | 2,059,345 |  |  |  | 128,336 |  |  |  | 72,029 |  |  |  | 489,322 |  |  |  | 164,976 |  |  |  | 563,289 |  |  |  | 226,657 |  |  |  | 2,499 |  |  |  | 3,706,453 |
Capital expenditures |  | $ | 7,644 |  |  |  | 513 |  |  |  | 833 |  |  |  | 523 |  |  |  | 631 |  |  |  | 5,119 |  |  |  | 258 |  |  |  | — |  |  |  | 15,521 |
Equity |  | $ | 1,578,682 |  |  |  | 60,526 |  |  |  | 27,217 |  |  |  | 216,061 |  |  |  | 77,733 |  |  |  | 169,450 |  |  |  | 111,355 |  |  |  | (31,737 | ) |  |  | 2,209,287 |
For the three months ended September 30, 2018: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues1 |  | $ | 629,043 |  |  |  | 92,875 |  |  |  | 43,443 |  |  |  | 748,589 |  |  |  | 205,392 |  |  |  | 327,212 |  |  |  | 118,047 |  |  |  | (73,654 | ) |  |  | 2,090,947 |
Directly related cost of transportation and other expenses2 |  | $ | 345,236 |  |  |  | 58,464 |  |  |  | 27,635 |  |  |  | 601,699 |  |  |  | 158,226 |  |  |  | 227,418 |  |  |  | 83,992 |  |  |  | (73,037 | ) |  |  | 1,429,633 |
Salaries and other operating expenses3 |  | $ | 204,240 |  |  |  | 23,935 |  |  |  | 13,399 |  |  |  | 74,067 |  |  |  | 31,623 |  |  |  | 84,136 |  |  |  | 27,384 |  |  |  | (624 | ) |  |  | 458,160 |
Operating income |  | $ | 79,567 |  |  |  | 10,476 |  |  |  | 2,409 |  |  |  | 72,823 |  |  |  | 15,543 |  |  |  | 15,658 |  |  |  | 6,671 |  |  |  | 7 |  |  |  | 203,154 |
Identifiable assets at period end |  | $ | 1,694,556 |  |  |  | 174,402 |  |  |  | 53,322 |  |  |  | 540,465 |  |  |  | 156,887 |  |  |  | 508,855 |  |  |  | 212,817 |  |  |  | (6,504 | ) |  |  | 3,334,800 |
Capital expenditures |  | $ | 6,889 |  |  |  | 301 |  |  |  | 227 |  |  |  | 1,280 |  |  |  | 910 |  |  |  | 751 |  |  |  | 1,375 |  |  |  | — |  |  |  | 11,733 |
Equity |  | $ | 1,334,952 |  |  |  | 66,399 |  |  |  | 25,663 |  |  |  | 197,939 |  |  |  | 86,048 |  |  |  | 157,973 |  |  |  | 119,718 |  |  |  | (31,360 | ) |  |  | 1,957,332 |
|  | UNITED STATES |  |  | OTHER NORTH AMERICA |  |  | LATIN AMERICA |  |  | NORTH ASIA |  |  | SOUTH ASIA |  |  | EUROPE |  |  | MIDDLE EAST, AFRICA AND INDIA |  |  | ELIMI- NATIONS |  |  | CONSOLI- DATED |
For the nine months ended September 30, 2019: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues1 |  | $ | 2,033,088 |  |  |  | 265,035 |  |  |  | 111,277 |  |  |  | 1,879,155 |  |  |  | 555,128 |  |  |  | 952,790 |  |  |  | 336,383 |  |  |  | (2,371 | ) |  |  | 6,130,485 |
Directly related cost of transportation and other expenses2 |  | $ | 1,142,701 |  |  |  | 157,997 |  |  |  | 64,149 |  |  |  | 1,475,395 |  |  |  | 407,642 |  |  |  | 657,720 |  |  |  | 236,184 |  |  |  | (1,468 | ) |  |  | 4,140,320 |
Salaries and other operating expenses3 |  | $ | 636,243 |  |  |  | 76,283 |  |  |  | 41,342 |  |  |  | 208,781 |  |  |  | 97,324 |  |  |  | 258,339 |  |  |  | 86,385 |  |  |  | (884 | ) |  |  | 1,403,813 |
Operating income |  | $ | 254,144 |  |  |  | 30,755 |  |  |  | 5,786 |  |  |  | 194,979 |  |  |  | 50,162 |  |  |  | 36,731 |  |  |  | 13,814 |  |  |  | (19 | ) |  |  | 586,352 |
Identifiable assets at period end |  | $ | 2,059,345 |  |  |  | 128,336 |  |  |  | 72,029 |  |  |  | 489,322 |  |  |  | 164,976 |  |  |  | 563,289 |  |  |  | 226,657 |  |  |  | 2,499 |  |  |  | 3,706,453 |
Capital expenditures |  | $ | 23,544 |  |  |  | 1,509 |  |  |  | 1,071 |  |  |  | 1,167 |  |  |  | 1,235 |  |  |  | 8,015 |  |  |  | 1,402 |  |  |  | — |  |  |  | 37,943 |
Equity |  | $ | 1,578,682 |  |  |  | 60,526 |  |  |  | 27,217 |  |  |  | 216,061 |  |  |  | 77,733 |  |  |  | 169,450 |  |  |  | 111,355 |  |  |  | (31,737 | ) |  |  | 2,209,287 |
For the nine months ended September 30, 2018: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues1 |  | $ | 1,790,869 |  |  |  | 257,206 |  |  |  | 122,170 |  |  |  | 2,065,405 |  |  |  | 560,070 |  |  |  | 977,967 |  |  |  | 342,589 |  |  |  | (213,508 | ) |  |  | 5,902,768 |
Directly related cost of transportation and other expenses2 |  | $ | 957,997 |  |  |  | 157,599 |  |  |  | 75,694 |  |  |  | 1,640,724 |  |  |  | 423,612 |  |  |  | 677,167 |  |  |  | 242,208 |  |  |  | (211,931 | ) |  |  | 3,963,070 |
Salaries and other operating expenses3 |  | $ | 620,029 |  |  |  | 70,036 |  |  |  | 38,996 |  |  |  | 211,576 |  |  |  | 92,409 |  |  |  | 248,906 |  |  |  | 79,782 |  |  |  | (1,592 | ) |  |  | 1,360,142 |
Operating income |  | $ | 212,843 |  |  |  | 29,571 |  |  |  | 7,480 |  |  |  | 213,105 |  |  |  | 44,049 |  |  |  | 51,894 |  |  |  | 20,599 |  |  |  | 15 |  |  |  | 579,556 |
Identifiable assets at period end |  | $ | 1,694,556 |  |  |  | 174,402 |  |  |  | 53,322 |  |  |  | 540,465 |  |  |  | 156,887 |  |  |  | 508,855 |  |  |  | 212,817 |  |  |  | (6,504 | ) |  |  | 3,334,800 |
Capital expenditures |  | $ | 16,092 |  |  |  | 4,020 |  |  |  | 899 |  |  |  | 2,623 |  |  |  | 1,934 |  |  |  | 9,167 |  |  |  | 2,907 |  |  |  | — |  |  |  | 37,642 |
Equity |  | $ | 1,334,952 |  |  |  | 66,399 |  |  |  | 25,663 |  |  |  | 197,939 |  |  |  | 86,048 |  |  |  | 157,973 |  |  |  | 119,718 |  |  |  | (31,360 | ) |  |  | 1,957,332 |
1 | In 2019, the Company revised its process to record the transfer, between its geographic operating segments, of revenues and the directly related cost of transportation and other expenses for freight service transactions between Company origin and destination locations. This change better aligns revenue reporting with the location where the services are performed, as well as the transactional reporting being developed as part of the Company’s new accounting systems and processes. The change in presentation had no impact on consolidated or segment operating income. The 2019 results also include the effect of changing the presentation of certain import services from a net to a gross basis, which increased segment revenues and directly related operating expenses but did not change operating income. The impact of these changes on reported segment revenues was immaterial and prior year segment revenues have not been revised.
2 | Directly related cost of transportation and other expenses totals operating expenses from airfreight services, ocean freight and ocean services and customs brokerage and other services as shown in the condensed consolidated statements of earnings.
3 | Salaries and other operating expenses totals salaries and related, rent and occupancy, depreciation and amortization, selling and promotion and other as shown in the condensed consolidated statements of earnings.

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8721-108599 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599 + Details
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