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Note 10 - Business Segments

9 Months Ended

Sep. 30, 2024

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

10.  Business Segments

We reported five distinct business segments during the nine months ended September 30, 2024 and 2023. These segments included Intermodal (JBI), Dedicated Contract Services® (DCS®), Integrated Capacity Solutions (ICS), Final Mile Services® (FMS), and Truckload (JBT). The operation of each of these businesses is described in Note 13, Segment Information, of our Annual Report (Form 10-K) for the year ended December 31, 2023.

A summary of certain segment information is presented below (in millions):

		Assets (Excludes intercompany accounts) As of
		September 30, 2024				December 31, 2023
JBI		$	3,577			$	3,391
DCS			2,297				2,355
ICS			301				350
FMS			556				634
JBT			396				419
Other (includes corporate)			1,199				1,389
Total		$	8,326			$	8,538

		Operating Revenues
		Three Months Ended September 30,								Nine Months Ended September 30,
		2024				2023				2024				2023
JBI		$	1,557			$	1,555			$	4,360			$	4,584
DCS			846				892				2,557				2,659
ICS			278				298				834				1,026
FMS			218				226				683				675
JBT			173				196				519				594
Subtotal			3,072				3,167				8,953				9,538
Inter-segment eliminations			(4	)			(3	)			(12	)			(12	)
Total		$	3,068			$	3,164			$	8,941			$	9,526

		Operating Income/(Loss)
		Three Months Ended September 30,								Nine Months Ended September 30,
		2024				2023				2024				2023
JBI		$	111.8			$	128.0			$	312.9			$	439.5
DCS			95.5				102.4				285.6				318.6
ICS			(3.3	)			(9.4	)			(34.1	)			(19.2	)
FMS			12.0				13.0				46.9				34.4
JBT			8.2				7.7				12.9				16.5
Other (includes corporate)			(0.1	)			-				-				0.1
Total		$	224.1			$	241.7			$	624.2			$	789.9

		Depreciation and Amortization Expense
		Three Months Ended September 30,								Nine Months Ended September 30,
		2024				2023				2024				2023
JBI		$	62.2			$	64.7			$	184.0			$	188.8
DCS			82.7				84.8				247.1				240.5
ICS			6.2				1.1				13.8				3.4
FMS			11.1				11.9				34.2				35.8
JBT			8.9				10.9				27.1				32.8
Other (includes corporate)			16.9				14.3				49.4				42.2
Total		$	188.0			$	187.7			$	555.6			$	543.5

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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.

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