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Business Segments
6 Months Ended
Jun. 30, 2011
Business Segments  
Business Segments

 

NOTE 9. Business Segments

Due to the acquisition of Mode as discussed in Note 8, we now report two distinct business segments, Mode which includes Mode business only and Hub, which is all business other than Mode.

Hub offers comprehensive intermodal, truck brokerage and logistics services. Our employees operate the freight through a network of operating centers located in the United States and Mexico. Each operating center is strategically located in a market with a significant concentration of shipping customers and one or more railheads. Hub has full time employees located throughout the United States and Mexico.

Mode markets and operates its freight transportation services, consisting of intermodal, truck brokerage and logistics, primarily through IBOs who enter into contractual arrangements with Mode.

The following is a summary of operating results and certain other financial data for our business segments (in thousands):

 

     As of June 30, 2011      As of December 31, 2010  
     Hub      Mode      Inter-
Segment
Elims
    Hub
Group
Total
     Hub      Mode      Inter-
Segment
Elims
     Hub
Group
Total
 

Total assets

   $ 611,290       $ 175,809       $ (7,764   $ 779,335       $ 629,407       $ —         $ —         $ 629,407   

Goodwill

   $ 233,305       $ 28,918       $ —        $ 262,223       $ 233,029       $ —         $ —         $ 233,029