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GOODWILL AND INTANGIBLE ASSETS (Tables) | 12 Months Ended
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Dec. 31, 2013
GOODWILL AND INTANGIBLE ASSETS |
Schedule of changes in the goodwill | Changes in the Company’s goodwill for the years ended December 31, 2013 and 2012 consist of the following (in millions):
|  | Goodwill |
|  |  |  | Ocean |  |  |
|  | Logistics |  | Transportation |  | Total |
Balance, December 31, 2011 |  | $ | 27.0 |  | $ | — |  | $ | 27.0 |
Additions |  | — |  | — |  | — |
Balance, December 31, 2012 |  | 27.0 |  | — |  | 27.0 |
Additions |  | — |  | 0.4 |  | 0.4 |
Balance, December 31, 2013 |  | $ | 27.0 |  | $ | 0.4 |  | $ | 27.4 |
Schedule of intangible assets | Intangible assets as of December 31, 2013 and 2012 include the following (in millions):
|  | As of December 31, 2013 |
|  | Gross |  | Accumulated |  | Net Book |
|  | Cost |  | Amortization |  | Value |
Customer lists |  | $ | 10.4 |  | $ | (6.8 | ) | $ | 3.6 |
Tradenames |  | 3.9 |  | (3.7 | ) | 0.2 |
Total intangible assets |  | $ | 14.3 |  | $ | (10.5 | ) | $ | 3.8 |
|  | As of December 31, 2012 |
|  | Gross |  | Accumulated |  | Net Book |
|  | Cost |  | Amortization |  | Value |
Customer lists |  | $ | 9.7 |  | $ | (6.2 | ) | $ | 3.5 |
Tradenames |  | 3.8 |  | (3.4 | ) | 0.4 |
Total intangible assets |  | $ | 13.5 |  | $ | (9.6 | ) | $ | 3.9 |
Schedule of estimated amortization expenses related to intangible assets | Estimated amortization expenses related to intangible assets over the next five years are as follows (in millions):
|  | Estimated |
|  | Amortization |
2014 |  | $ | 0.8 |
2015 |  | 0.5 |
2016 |  | 0.5 |
2017 |  | 0.5 |
2018 |  | 0.4 |
Thereafter |  | 1.1 |
Total |  | $ | 3.8 |

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- Definition Tabular disclosure of the characteristics, including initial carrying value, residual amount, weighted average useful life, of finite-lived intangible assets acquired during the period by major class. A major class is composed of intangible assets that can be grouped together because they are similar, either by nature or by their use in the operations of the company. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16265-109275 + Details
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- Definition Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16323-109275 + Details
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- Definition Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=14024403&loc=d3e13816-109267 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=14024403&loc=d3e13854-109267 + Details
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