Business Segments (Tables)

9 Months Ended

Sep. 30, 2013

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


	Three Months									Three Months
	Ended September 30, 2013									Ended September 30, 2012
					Inter-			Hub						Inter-			Hub
					Segment			Group						Segment			Group
	Hub		Mode		Elims			Total		Hub		Mode		Elims			Total
Revenue	$	678,573	$	217,424	$	(13,016	)	$	882,981	$	619,336	$	199,903	$	(14,351	)	$	804,888
Transportation costs		611,344		191,529		(13,016	)		789,857		552,071		175,581		(14,351	)		713,301

Gross margin		67,229		25,895		—			93,124		67,265		24,322		—			91,587
Costs and expenses:
Salaries and benefits		28,274		3,614		—			31,888		27,852		3,533		—			31,385
Agent fees and commissions		425		14,132		—			14,557		401		13,409		—			13,810
General and administrative		12,065		1,692		—			13,757		12,566		1,864		—			14,430
Depreciation and amortization		1,088		539		—			1,627		1,118		493		—			1,611

Total costs and expenses		41,852		19,977		—			61,829		41,937		19,299		—			61,236

Operating income	$	25,377	$	5,918	$	—		$	31,295	$	25,328	$	5,023	$	—		$	30,351

Capital expenditures	$	26,834	$	43	$	—		$	26,877	$	11,853	$	1,775	$	—		$	13,628

Nine Months										Nine Months
	Ended September 30, 2013										Ended September 30, 2012
					Inter-			Hub							Inter-			Hub
					Segment			Group							Segment			Group
	Hub		Mode		Elims			Total			Hub		Mode		Elims			Total
Revenue	$	1,916,149	$	608,802	$	(36,305	)	$	2,488,646		$	1,778,436	$	581,378	$	(36,729	)	$	2,323,085
Transportation costs		1,712,314		536,702		(36,305	)		2,212,711			1,584,844		512,283		(36,729	)		2,060,398

Gross margin		203,835		72,100		—			275,935			193,592		69,095		—			262,687
Costs and expenses:
Salaries and benefits		90,259		11,214		—			101,473			84,523		11,597		—			96,120
Agent fees and commissions		1,223		40,294		—			41,517			1,526		39,580		—			41,106
General and administrative		37,101		4,575		—			41,676			34,004		5,737		—			39,741
Depreciation and amortization		3,169		1,604		—			4,773			3,338		1,670		—			5,008

Total costs and expenses		131,752		57,687		—			189,439			123,391		58,584		—			181,975

Operating income	$	72,083	$	14,413	$	—		$	86,496		$	70,201	$	10,511	$	—		$	80,712

Capital expenditures	$	64,989	$	1,090	$	—		$	66,079		$	32,175	$	2,496	$	—		$	34,671

Summary of Revenue by Segment and Business Line

The following tables summarize our revenue by segment and business line (in thousands):


	Three Months									Three Months
	Ended September 30, 2013									Ended September 30, 2012
					Inter-			Hub						Inter-			Hub
					Segment			Group						Segment			Group
	Hub		Mode		Elims			Total		Hub		Mode		Elims			Total
Intermodal	$	466,849	$	102,105	$	(11,962	)	$	556,992	$	444,760	$	92,552	$	(13,240	)	$	524,072
Truck brokerage		88,281		81,708		(549	)		169,440		87,782		79,746		(717	)		166,811
Logistics		123,443		33,611		(505	)		156,549		86,794		27,605		(394	)		114,005

Total revenue	$	678,573	$	217,424	$	(13,016	)	$	882,981	$	619,336	$	199,903	$	(14,351	)	$	804,888


	Nine Months									Nine Months
	Ended September 30, 2013									Ended September 30, 2012
					Inter-			Hub						Inter-			Hub
					Segment			Group						Segment			Group
	Hub		Mode		Elims			Total		Hub		Mode		Elims			Total
Intermodal	$	1,342,656	$	284,056	$	(34,280	)	$	1,592,432	$	1,280,825	$	260,823	$	(33,414	)	$	1,508,234
Truck brokerage		255,688		234,551		(1,110	)		489,129		247,900		241,062		(2,259	)		486,703
Logistics		317,805		90,195		(915	)		407,085		249,711		79,493		(1,056	)		328,148

Total revenue	$	1,916,149	$	608,802	$	(36,305	)	$	2,488,646	$	1,778,436	$	581,378	$	(36,729	)	$	2,323,085

Schedule of Assets


	As of September 30, 2013									As of December 31, 2012
					Inter-			Hub						Inter-			Hub
					Segment			Group						Segment			Group
	Hub		Mode		Elims			Total		Hub		Mode		Elims			Total
Total assets	$	898,806	$	168,822	$	(3,822	)	$	1,063,806	$	759,797	$	163,719	$	(3,663	)	$	919,853
Goodwill	$	233,698	$	29,389	$	—		$	263,087	$	233,862	$	29,389	$	—		$	263,251

- 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.

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