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REPORTABLE SEGMENTS (Tables) | 9 Months Ended
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Sep. 30, 2024
REPORTABLE SEGMENTS |
Schedule of reportable segment financial information | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | Nine Months Ended
​ | ​ | September 30, | ​ | September 30,
(In millions) |  | 2024 |  | 2023 |  | 2024 |  | 2023
Operating Revenue: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Ocean Transportation (1) | ​ | $ | 798.7 | ​ | $ | 669.4 | ​ | $ | 2,067.6 | ​ | $ | 1,837.3
Logistics (2) | ​ |  | 163.3 | ​ |  | 158.1 | ​ |  | 463.9 | ​ |  | 468.4
Total Operating Revenue | ​ | $ | 962.0 | ​ | $ | 827.5 | ​ | $ | 2,531.5 | ​ | $ | 2,305.7
Operating Income: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Ocean Transportation (3) | ​ | $ | 226.9 | ​ | $ | 118.2 | ​ | $ | 363.5 | ​ | $ | 228.4
Logistics | ​ |  | 15.4 | ​ |  | 13.9 | ​ |  | 40.3 | ​ |  | 39.1
Total Operating Income | ​ |  | 242.3 | ​ |  | 132.1 | ​ |  | 403.8 | ​ |  | 267.5
Interest income | ​ | ​ | 10.4 | ​ | ​ | 9.3 | ​ |  | 38.0 | ​ |  | 26.2
Interest expense | ​ |  | (1.8) | ​ |  | (2.4) | ​ |  | (6.1) | ​ |  | (9.8)
Other income (expense), net | ​ |  | 1.9 | ​ |  | 1.2 | ​ |  | 5.5 | ​ |  | 4.8
Income before Taxes | ​ |  | 252.8 | ​ |  | 140.2 | ​ |  | 441.2 | ​ |  | 288.7
Income taxes | ​ |  | (53.7) | ​ |  | (20.3) | ​ |  | (92.8) | ​ |  | (54.0)
Net Income | ​ | $ | 199.1 | ​ | $ | 119.9 | ​ | $ | 348.4 | ​ | $ | 234.7
(1) | Ocean Transportation operating revenue excludes inter-segment revenue of $26.7 million and $22.5 million for the three months ended September 30, 2024 and 2023, and $69.2 million and $57.6 million for the nine months ended September 30, 2024 and 2023, respectively.
(2) | Logistics operating revenue excludes inter-segment revenue of $46.1 million and $38.6 million for the three months ended September 30, 2024 and 2023, and $112.0 million and $98.0 million for the nine months ended September 30, 2024 and 2023, respectively.
(3) | Ocean Transportation segment information includes net income (loss) of $6.9 million and $1.3 million from the Company’s equity investment in SSAT for the three months ended September 30, 2024 and 2023, and $8.5 million and $(1.9) million for the nine months ended September 30, 2024 a n d 2023, respectively.

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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