Business Segments (Tables)

9 Months Ended

Sep. 30, 2014

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, 2014									Ended September 30, 2013
					Inter-			Hub						Inter-			Hub
					Segment			Group						Segment			Group
	Hub		Mode		Elims			Total		Hub		Mode		Elims			Total
Revenue	$	691,835	$	245,421	$	(23,870	)	$	913,386	$	678,573	$	217,424	$	(13,016	)	$	882,981
Transportation costs		627,752		216,308		(23,870	)		820,190		611,344		191,529		(13,016	)		789,857

Gross margin		64,083		29,113		—			93,196		67,229		25,895		—			93,124
Costs and expenses:
Salaries and benefits		27,428		3,440		—			30,868		28,274		3,614		—			31,888
Agent fees and commissions		15		16,577		—			16,592		425		14,132		—			14,557
General and administrative		12,144		1,724		—			13,868		12,065		1,692		—			13,757
Depreciation and amortization		1,627		340		—			1,967		1,088		539		—			1,627
Driver settlements and related costs		10,343		—		—			10,343		—		—		—			—
Impairment of software		11,881		—		—			11,881		—		—		—			—

Total costs and expenses		63,438		22,081		—			85,519		41,852		19,977		—			61,829

Operating income	$	645	$	7,032	$	—		$	7,677	$	25,377	$	5,918	$	—		$	31,295

Capital expenditures	$	29,287	$	151	$	—		$	29,438	$	26,834	$	43	$	—		$	26,877


	Nine Months									Nine Months
	Ended September 30, 2014									Ended September 30, 2013
					Inter-			Hub						Inter-			Hub
					Segment			Group						Segment			Group
	Hub		Mode		Elims			Total		Hub		Mode		Elims			Total
Revenue	$	2,027,293	$	685,865	$	(57,393	)	$	2,655,765	$	1,916,149	$	608,802	$	(36,305	)	$	2,488,646
Transportation costs		1,828,014		604,619		(57,393	)		2,375,240		1,712,314		536,702		(36,305	)		2,212,711

Gross margin		199,279		81,246		—			280,525		203,835		72,100		—			275,935
Costs and expenses:
Salaries and benefits		92,812		10,704		—			103,516		90,259		11,214		—			101,473
Agent fees and commissions		31		45,771		—			45,802		1,223		40,294		—			41,517
General and administrative		38,701		5,280		—			43,981		37,101		4,575		—			41,676
Depreciation and amortization		4,682		1,220		—			5,902		3,169		1,604		—			4,773
Driver settlements and related costs		10,343		—		—			10,343		—		—		—			—
Impairment of software		11,881		—		—			11,881		—		—		—			—

Total costs and expenses		158,450		62,975		—			221,425		131,752		57,687		—			189,439

Operating income	$	40,829	$	18,271	$	—		$	59,100	$	72,083	$	14,413	$	—		$	86,496

Capital expenditures	$	75,390	$	491	$	—		$	75,881	$	64,989	$	1,090	$	—		$	66,079

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, 2014										Ended September 30, 2013
					Inter-			Hub							Inter-			Hub
					Segment			Group							Segment			Group
	Hub		Mode		Elims			Total			Hub		Mode		Elims			Total
Intermodal	$	460,935	$	123,438	$	(22,626	)	$	561,747		$	470,196	$	102,105	$	(11,962	)	$	560,339
Truck brokerage		84,208		87,420		(181	)		171,447			84,417		81,708		(549	)		165,576
Logistics		146,692		34,563		(1,063	)		180,192			123,960		33,611		(505	)		157,066

Total revenue	$	691,835	$	245,421	$	(23,870	)	$	913,386		$	678,573	$	217,424	$	(13,016	)	$	882,981


Nine Months										Nine Months
	Ended September 30, 2014										Ended September 30, 2013
					Inter-			Hub							Inter-			Hub
					Segment			Group							Segment			Group
	Hub		Mode		Elims			Total			Hub		Mode		Elims			Total
Intermodal	$	1,352,130	$	337,618	$	(54,865	)	$	1,634,883		$	1,350,262	$	284,056	$	(34,280	)	$	1,600,038
Truck brokerage		254,582		252,480		(717	)		506,345			247,512		234,551		(1,110	)		480,953
Logistics		420,581		95,767		(1,811	)		514,537			318,375		90,195		(915	)		407,655

Total revenue	$	2,027,293	$	685,865	$	(57,393	)	$	2,655,765		$	1,916,149	$	608,802	$	(36,305	)	$	2,488,646

Schedule of Assets


	As of September 30, 2014									As of December 31, 2013
					Inter-			Hub						Inter-			Hub
					Segment			Group						Segment			Group
	Hub		Mode		Elims			Total		Hub		Mode		Elims			Total
Total assets	$	1,005,670	$	191,221	$	(7,748	)	$	1,189,143	$	887,848	$	164,071	$	(3,976	)	$	1,047,943
Goodwill	$	233,479	$	29,389	$	—		$	262,868	$	233,643	$	29,389	$	—		$	263,032

- 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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