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GOODWILL AND INTANGIBLES ASSETS (Tables) | 12 Months Ended
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Dec. 31, 2018
GOODWILL AND INTANGIBLES ASSETS |
Schedule of goodwill | Goodwill by segment as of December 31, 2018 and 2017 consist of the following:
|  | Ocean |  |  |  |  |  |
(In millions) |  | Transportation |  | Logistics |  | Total
Goodwill |  | $ | 222.6 |  | $ | 105.2 |  | $ | 327.8
Schedule of intangible assets |
|  | As of December 31, 2018 |  |  | As of December 31, 2017 |
|  | Gross |  | Accumulated |  |  |  |  |  | Gross |  | Accumulated |  |  |  |
(In millions) |  | Amount |  | Amortization |  | Net Book Value |  |  | Amount |  | Amortization |  | Net Book Value |
Ocean Transportation - Customer relationships |  | $ | 140.6 |  | $ | 24.4 |  | $ | 116.2 |  |  | $ | 140.6 |  | $ | 17.8 |  | $ | 122.8 |
Logistics: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Customer relationships |  |  | 90.1 |  |  | 19.6 |  |  | 70.5 |  |  |  | 90.1 |  |  | 15.0 |  |  | 75.1 |
Trade name |  |  | 27.3 |  |  | — |  |  | 27.3 |  |  |  | 27.3 |  |  | — |  |  | 27.3 |
Total Logistics |  |  | 117.4 |  |  | 19.6 |  |  | 97.8 |  |  |  | 117.4 |  |  | 15.0 |  |  | 102.4 |
Total |  | $ | 258.0 |  | $ | 44.0 |  | $ | 214.0 |  |  | $ | 258.0 |  | $ | 32.8 |  | $ | 225.2 |
Schedule of intangible asset related amortization expense |
|  | Years Ended December 31, |
(In millions) |  | 2018 |  | 2017 |  | 2016 |
Amortization expense |  | $ | 11.2 |  | $ | 11.4 |  | $ | 9.1 |
Schedule of estimated amortization expenses related to intangible assets | As of December 31, 2018, estimated amortization expense related to customer relationships intangible assets during the next five years and thereafter are as follows:
|  | Customer |
Year (in millions) |  | Relationships |
2019 |  | $ | 11.0 |
2020 |  |  | 11.0 |
2021 |  |  | 10.9 |
2022 |  |  | 10.7 |
2023 |  |  | 10.7 |
Thereafter |  |  | 132.4 |
Total |  | $ | 186.7 |

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