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Business Segment Information (Tables) | 12 Months Ended
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Dec. 31, 2020
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | Financial information regarding 2020, 2019 and 2018 operations by the Company’s designated geographic areas is as follows:
|  | UNITED STATES |  |  | OTHER NORTH AMERICA |  |  | LATIN AMERICA |  |  | NORTH ASIA |  |  | SOUTH ASIA |  |  | EUROPE |  |  | MIDDLE EAST, AFRICA AND INDIA |  |  | ELIMINATIONS |  |  | CONSOLIDATED |
2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues1 |  | $ | 2,776,546 |  |  |  | 328,427 |  |  |  | 156,163 |  |  |  | 3,838,332 |  |  |  | 989,633 |  |  |  | 1,544,130 |  |  |  | 487,011 |  |  |  | (3,761 | ) |  |  | 10,116,481 |
Directly related cost of transportation and other expenses2 |  | $ | 1,568,461 |  |  |  | 192,875 |  |  |  | 93,249 |  |  |  | 3,157,086 |  |  |  | 738,648 |  |  |  | 1,080,741 |  |  |  | 359,682 |  |  |  | (1,952 | ) |  |  | 7,188,790 |
Salaries and other operating expenses3 |  | $ | 877,117 |  |  |  | 100,687 |  |  |  | 48,114 |  |  |  | 332,978 |  |  |  | 149,269 |  |  |  | 375,900 |  |  |  | 104,968 |  |  |  | (1,779 | ) |  |  | 1,987,254 |
Operating income |  | $ | 330,968 |  |  |  | 34,865 |  |  |  | 14,800 |  |  |  | 348,268 |  |  |  | 101,716 |  |  |  | 87,489 |  |  |  | 22,361 |  |  |  | (30 | ) |  |  | 940,437 |
Identifiable assets at period end |  | $ | 2,532,324 |  |  |  | 186,204 |  |  |  | 85,085 |  |  |  | 876,856 |  |  |  | 272,106 |  |  |  | 752,589 |  |  |  | 240,984 |  |  |  | (18,645 | ) |  |  | 4,927,503 |
Capital expenditures |  | $ | 31,604 |  |  |  | 1,886 |  |  |  | 564 |  |  |  | 2,202 |  |  |  | 2,264 |  |  |  | 6,394 |  |  |  | 2,629 |  |  |  | — |  |  |  | 47,543 |
Depreciation and amortization |  | $ | 37,081 |  |  |  | 1,946 |  |  |  | 1,194 |  |  |  | 4,961 |  |  |  | 1,876 |  |  |  | 8,029 |  |  |  | 1,872 |  |  |  | — |  |  |  | 56,959 |
Equity |  | $ | 1,928,945 |  |  |  | 67,243 |  |  |  | 32,273 |  |  |  | 241,155 |  |  |  | 121,411 |  |  |  | 196,637 |  |  |  | 114,369 |  |  |  | (38,806 | ) |  |  | 2,663,227 |
2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues1 |  | $ | 2,712,067 |  |  |  | 354,405 |  |  |  | 150,202 |  |  |  | 2,494,556 |  |  |  | 743,406 |  |  |  | 1,280,669 |  |  |  | 443,487 |  |  |  | (3,366 | ) |  |  | 8,175,426 |
Directly related cost of transportation and other expenses2 |  | $ | 1,528,815 |  |  |  | 212,369 |  |  |  | 87,297 |  |  |  | 1,970,662 |  |  |  | 544,873 |  |  |  | 884,968 |  |  |  | 311,997 |  |  |  | (2,023 | ) |  |  | 5,538,958 |
Salaries and other operating expenses3 |  | $ | 859,946 |  |  |  | 101,654 |  |  |  | 55,512 |  |  |  | 271,594 |  |  |  | 127,478 |  |  |  | 342,073 |  |  |  | 112,844 |  |  |  | (1,325 | ) |  |  | 1,869,776 |
Operating income |  | $ | 323,306 |  |  |  | 40,382 |  |  |  | 7,393 |  |  |  | 252,300 |  |  |  | 71,055 |  |  |  | 53,628 |  |  |  | 18,646 |  |  |  | (18 | ) |  |  | 766,692 |
Identifiable assets at period end |  | $ | 1,978,307 |  |  |  | 153,813 |  |  |  | 72,677 |  |  |  | 538,526 |  |  |  | 178,336 |  |  |  | 551,576 |  |  |  | 219,953 |  |  |  | (1,304 | ) |  |  | 3,691,884 |
Capital expenditures |  | $ | 28,666 |  |  |  | 2,353 |  |  |  | 1,556 |  |  |  | 1,767 |  |  |  | 1,558 |  |  |  | 9,231 |  |  |  | 1,891 |  |  |  | — |  |  |  | 47,022 |
Depreciation and amortization |  | $ | 31,049 |  |  |  | 1,881 |  |  |  | 1,489 |  |  |  | 5,263 |  |  |  | 1,912 |  |  |  | 7,398 |  |  |  | 1,958 |  |  |  | — |  |  |  | 50,950 |
Equity |  | $ | 1,521,059 |  |  |  | 65,100 |  |  |  | 29,148 |  |  |  | 247,725 |  |  |  | 94,727 |  |  |  | 159,308 |  |  |  | 114,726 |  |  |  | (34,574 | ) |  |  | 2,197,219 |
2018 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues1 |  | $ | 2,479,812 |  |  |  | 355,802 |  |  |  | 156,854 |  |  |  | 2,886,322 |  |  |  | 777,863 |  |  |  | 1,330,365 |  |  |  | 464,071 |  |  |  | (312,724 | ) |  |  | 8,138,365 |
Directly related cost of transportation and other expenses2 |  | $ | 1,352,924 |  |  |  | 216,753 |  |  |  | 94,041 |  |  |  | 2,315,826 |  |  |  | 591,925 |  |  |  | 926,949 |  |  |  | 330,209 |  |  |  | (310,635 | ) |  |  | 5,517,992 |
Salaries and other operating expenses3 |  | $ | 816,817 |  |  |  | 94,950 |  |  |  | 53,970 |  |  |  | 289,015 |  |  |  | 125,056 |  |  |  | 337,970 |  |  |  | 108,131 |  |  |  | (2,099 | ) |  |  | 1,823,810 |
Operating income |  | $ | 310,071 |  |  |  | 44,099 |  |  |  | 8,843 |  |  |  | 281,481 |  |  |  | 60,882 |  |  |  | 65,446 |  |  |  | 25,731 |  |  |  | 10 |  |  |  | 796,563 |
Identifiable assets at period end |  | $ | 1,689,950 |  |  |  | 161,604 |  |  |  | 53,542 |  |  |  | 533,071 |  |  |  | 152,646 |  |  |  | 513,744 |  |  |  | 206,367 |  |  |  | 3,635 |  |  |  | 3,314,559 |
Capital expenditures |  | $ | 21,732 |  |  |  | 4,259 |  |  |  | 1,042 |  |  |  | 3,057 |  |  |  | 2,182 |  |  |  | 10,815 |  |  |  | 4,387 |  |  |  | — |  |  |  | 47,474 |
Depreciation and amortization |  | $ | 33,511 |  |  |  | 1,847 |  |  |  | 1,508 |  |  |  | 5,309 |  |  |  | 2,257 |  |  |  | 7,727 |  |  |  | 1,860 |  |  |  | — |  |  |  | 54,019 |
Equity |  | $ | 1,339,673 |  |  |  | 72,941 |  |  |  | 26,007 |  |  |  | 200,371 |  |  |  | 100,706 |  |  |  | 157,003 |  |  |  | 123,228 |  |  |  | (32,209 | ) |  |  | 1,987,720 |
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 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 consolidated statements of earnings.
Schedule of Revenues Operating Income and Long-lived Assets Attributed to Material Foreign Countries | 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, total operating income, total identifiable assets or equity in any period presented as noted in the table below.
|  |  | 2020 |  |  | 2019 |  |  | 2018 |
| Revenues |  |  | 32 | % |  |  | 26 | % |  |  | 29 | %
| Operating income |  |  | 29 | % |  |  | 27 | % |  |  | 30 | %
| Identifiable assets at year end |  |  | 14 | % |  |  | 12 | % |  |  | 14 | %
| Equity |  |  | 6 | % |  |  | 9 | % |  |  | 8 | %

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