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Business Segments (Tables)

6 Months Ended

Jun. 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 June 30, 2017													Ended June 30, 2016
							Inter-			Hub										Inter-			Hub
							Segment			Group										Segment			Group
	Hub			Mode			Elims			Total				Hub			Mode			Elims			Total
Revenue	$	705,208		$	243,051		$	(23,746	)	$	924,513			$	648,523		$	231,924		$	(24,890	)	$	855,557
Transportation costs		632,651			214,291			(23,746	)		823,196				565,448			200,509			(24,890	)		741,067
Gross margin		72,557			28,760			-			101,317				83,075			31,415			-			114,490
Costs and expenses:
Salaries and benefits		41,569			3,469			-			45,038				39,787			3,815			-			43,602
Agent fees and commissions		14			17,024			-			17,038				13			18,347			-			18,360
General and administrative		18,331			1,783			-			20,114				14,226			1,857			-			16,083
Depreciation and amortization		2,249			300			-			2,549				1,830			318			-			2,148
Total costs and expenses		62,163			22,576			-			84,739				55,856			24,337			-			80,193
Operating income	$	10,394		$	6,184		$	-		$	16,578			$	27,219		$	7,078		$	-		$	34,297
Capital Expenditures	$	22,937		$	31		$	-		$	22,968			$	20,314		$	10		$	-		$	20,324

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

	Six Months													Six Months
	Ended June 30, 2017													Ended June 30, 2016
							Inter-			Hub										Inter-			Hub
							Segment			Group										Segment			Group
	Hub			Mode			Elims			Total				Hub			Mode			Elims			Total
Revenue	$	1,382,340		$	484,925		$	(49,304	)	$	1,817,961			$	1,263,751		$	440,755		$	(43,090	)	$	1,661,416
Transportation costs		1,237,978			426,385			(49,304	)		1,615,059				1,101,522			380,107			(43,090	)		1,438,539
Gross margin		144,362			58,540			-			202,902				162,229			60,648			-			222,877
Costs and expenses:
Salaries and benefits		81,164			7,053			-			88,217				79,883			7,582			-			87,465
Agent fees and commissions		31			35,000			-			35,031				27			35,235			-			35,262
General and administrative		36,810			4,128			-			40,938				28,948			3,779			-			32,727
Depreciation and amortization		4,357			604			-			4,961				3,644			639			-			4,283
Total costs and expenses		122,362			46,785			-			169,147				112,502			47,235			-			159,737
Operating income	$	22,000		$	11,755		$	-		$	33,755			$	49,727		$	13,413		$	-		$	63,140
Capital Expenditures	$	29,562		$	31		$	-		$	29,593			$	24,945		$	272		$	-		$	25,217

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 June 30:

	Three Months													Three Months
	Ended June 30, 2017													Ended June 30, 2016
							Inter-			Hub										Inter-			Hub
							Segment			Group										Segment			Group
	Hub			Mode			Elims			Total				Hub			Mode			Elims			Total
Intermodal	$	451,593		$	112,119		$	(12,866	)	$	550,846			$	438,133		$	116,963		$	(22,168	)	$	532,928
Truck brokerage		104,980			82,891			(310	)		187,561				83,140			81,374			(475	)		164,039
Logistics		148,635			48,041			(10,570	)		186,106				127,250			33,587			(2,247	)		158,590
Total revenue	$	705,208		$	243,051		$	(23,746	)	$	924,513			$	648,523		$	231,924		$	(24,890	)	$	855,557

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

	Six Months													Six Months
	Ended June 30, 2017													Ended June 30, 2016
							Inter-			Hub										Inter-			Hub
							Segment			Group										Segment			Group
	Hub			Mode			Elims			Total				Hub			Mode			Elims			Total
Intermodal	$	876,189		$	234,322		$	(28,103	)	$	1,082,408			$	851,940		$	229,329		$	(40,117	)	$	1,041,152
Truck brokerage		211,644			161,069			(695	)		372,018				164,550			148,722			(502	)		312,770
Logistics		294,507			89,534			(20,506	)		363,535				247,261			62,704			(2,471	)		307,494
Total revenue	$	1,382,340		$	484,925		$	(49,304	)	$	1,817,961			$	1,263,751		$	440,755		$	(43,090	)	$	1,661,416

Schedule of Assets

	As of June 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	$	1,201,733		$	169,700		$	(7,663	)	$	1,363,770			$	1,178,110		$	191,374		$	(9,225	)	$	1,360,259
Goodwill		232,877			29,389			-			262,266				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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