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Business Segments (Tables)

9 Months Ended

Sep. 30, 2017

Segment Reporting [Abstract]

Summary of Operating Results

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, 2017													Ended September 30, 2016
							Inter-			Hub										Inter-			Hub
							Segment			Group										Segment			Group
	Hub			Mode			Elims			Total				Hub			Mode			Elims			Total
Revenue	$	820,802		$	258,696		$	(25,138	)	$	1,054,360			$	716,699		$	251,611		$	(35,496	)	$	932,814
Transportation costs		734,747			228,227			(25,138	)		937,836				638,154			218,702			(35,496	)		821,360
Gross margin		86,055			30,469			-			116,524				78,545			32,909			-			111,454
Costs and expenses:
Salaries and benefits		45,727			3,399			-			49,126				38,775			3,835			-			42,610
Agent fees and commissions		15			19,057			-			19,072				20			19,052			-			19,072
General and administrative		20,520			1,883			-			22,403				15,969			1,672			-			17,641
Depreciation and amortization		3,962			292			-			4,254				1,959			317			-			2,276
Total costs and expenses		70,224			24,631			-			94,855				56,723			24,876			-			81,599
Operating income	$	15,831		$	5,838		$	-		$	21,669			$	21,822		$	8,033		$	-		$	29,855
Capital Expenditures	$	10,170		$	173		$	-		$	10,343			$	34,411		$	255		$	-		$	34,666

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

	Nine Months													Nine Months
	Ended September 30, 2017													Ended September 30, 2016
							Inter-			Hub										Inter-			Hub
							Segment			Group										Segment			Group
	Hub			Mode			Elims			Total				Hub			Mode			Elims			Total
Revenue	$	2,203,142		$	743,621		$	(74,442	)	$	2,872,321			$	1,980,450		$	692,366		$	(78,586	)	$	2,594,230
Transportation costs		1,972,725			654,612			(74,442	)		2,552,895				1,739,676			598,809			(78,586	)		2,259,899
Gross margin		230,417			89,009			-			319,426				240,774			93,557			-			334,331
Costs and expenses:
Salaries and benefits		126,891			10,452			-			137,343				118,658			11,417			-			130,075
Agent fees and commissions		46			54,057			-			54,103				47			54,287			-			54,334
General and administrative		57,330			6,011			-			63,341				44,917			5,451			-			50,368
Depreciation and amortization		8,319			896			-			9,215				5,603			956			-			6,559
Total costs and expenses		192,586			71,416			-			264,002				169,225			72,111			-			241,336
Operating income	$	37,831		$	17,593		$	-		$	55,424			$	71,549		$	21,446		$	-		$	92,995
Capital Expenditures	$	39,732		$	204		$	-		$	39,936			$	59,356		$	527		$	-		$	59,883

Summary of Revenue by Segment and Business Line

The following tables summarize our revenue by segment and business line (in thousands) for the quarter ended September 30:

	Three Months													Three Months
	Ended September 30, 2017													Ended September 30, 2016
							Inter-			Hub										Inter-			Hub
							Segment			Group										Segment			Group
	Hub			Mode			Elims			Total				Hub			Mode			Elims			Total
Intermodal	$	473,998		$	123,194		$	(13,665	)	$	583,527			$	466,283		$	126,052		$	(21,857	)	$	570,478
Truck brokerage		113,179			87,242			(634	)		199,787				96,906			79,627			(174	)		176,359
Logistics		175,679			48,260			(10,794	)		213,145				153,510			45,932			(13,465	)		185,977
Dedicated		57,946			-			(45	)		57,901				-			-			-			-
Total revenue	$	820,802		$	258,696		$	(25,138	)	$	1,054,360			$	716,699		$	251,611		$	(35,496	)	$	932,814

The following tables summarize our revenue by segment and business line (in thousands) for the nine months ended September 30:

	Nine Months													Nine Months
	Ended September 30, 2017													Ended September 30, 2016
							Inter-			Hub										Inter-			Hub
							Segment			Group										Segment			Group
	Hub			Mode			Elims			Total				Hub			Mode			Elims			Total
Intermodal	$	1,350,187		$	357,516		$	(41,768	)	$	1,665,935			$	1,318,223		$	355,379		$	(61,974	)	$	1,611,628
Truck brokerage		324,823			248,311			(1,330	)		571,804				261,456			228,350			(676	)		489,130
Logistics		470,186			137,794			(31,299	)		576,681				400,771			108,637			(15,936	)		493,472
Dedicated		57,946			-			(45	)		57,901				-			-			-			-
Total revenue	$	2,203,142		$	743,621		$	(74,442	)	$	2,872,321			$	1,980,450		$	692,366		$	(78,586	)	$	2,594,230

Schedule of Assets

	As of September 30, 2017													As of December 31, 2016
							Inter-			Hub										Inter-			Hub
							Segment			Group										Segment			Group
	Hub			Mode			Elims			Total				Hub			Mode			Elims			Total
Total assets	$	1,421,628		$	184,996		$	(6,761	)	$	1,599,863			$	1,178,110		$	191,374		$	(9,225	)	$	1,360,259
Goodwill		319,117			29,389			-			348,506				232,987			29,389			-			262,376

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- Definition

Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets.

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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

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