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REPORTABLE SEGMENTS (Tables)
6 Months Ended
Jun. 30, 2014
REPORTABLE SEGMENTS  
Reportable Segment results

Segment results for the three and six-month periods ended June 30, 2014 and 2013 were as follows (in millions):

 

 

 

Three-Months Ended

 

Six-Months Ended

 

 

 

June 30

 

June 30

 

 

 

2014

 

2013

 

2014

 

2013

 

Revenue:

 

 

 

 

 

 

 

 

 

Ocean transportation

 

$

321.1

 

$

310.0

 

$

615.7

 

$

609.9

 

Logistics

 

115.3

 

106.6

 

213.2

 

201.4

 

Total revenue

 

$

436.4

 

$

416.6

 

$

828.9

 

$

811.3

 

Operating Income:

 

 

 

 

 

 

 

 

 

Ocean transportation

 

$

32.8

 

$

34.3

 

$

42.2

 

$

52.8

 

Logistics

 

2.9

 

2.2

 

3.4

 

2.4

 

Total operating income

 

35.7

 

36.5

 

45.6

 

55.2

 

Interest expense, net

 

(4.5

)

(3.6

)

(8.6

)

(7.3

)

Income before income taxes

 

31.2

 

32.9

 

37.0

 

47.9

 

Income taxes

 

(13.1

)

(12.8

)

(15.5

)

(18.7

)

Net income

 

$

18.1

 

$

20.1

 

$

21.5

 

$

29.2