OPERATING SEGMENT DATA (Tables)

6 Months Ended

Jun. 30, 2014

Schedule of reportable operating segment information

	Three Months Ended						Six Months Ended
	June 30						June 30
	2014			2013			2014			2013
	(in thousands)

REVENUES
Freight Transportation (ABF Freight)	$	492,857		$	446,750		$	921,728		$	854,031
Premium Logistics (Panther)	81,425			60,431			153,651			113,683
Emergency & Preventative Maintenance (FleetNet)	38,307			32,935			80,006			65,457
Transportation Management (ABF Logistics)	35,493			24,267			65,210			45,885
Household Goods Moving Services (ABF Moving)	22,855			21,252			37,605			34,828
Other and eliminations	(12,291		)	(8,736		)	(21,650		)	(16,298		)
Total consolidated revenues	$	658,646		$	576,899		$	1,236,550		$	1,097,586

OPERATING EXPENSES
Freight Transportation (ABF Freight)
Salaries, wages, and benefits	$	279,372		$	272,641		$	540,527		$	539,819
Fuel, supplies, and expenses	93,277			82,441			184,067			165,773
Operating taxes and licenses	11,770			10,939			23,263			21,929
Insurance	5,966			6,068			11,361			10,552
Communications and utilities	3,731			3,879			7,973			7,812
Depreciation and amortization	16,841			18,967			33,178			38,541
Rents and purchased transportation	55,549			44,260			102,969			82,729
Gain on sale of property and equipment	(40		)	(182		)	(243		)	(394		)
Pension settlement expense	708			—			3,598			—
Other	2,848			2,240			4,382			4,322
Total Freight Transportation (ABF Freight)	470,022			441,253			911,075			871,083

Premium Logistics (Panther)

Purchased transportation	60,185			46,233			114,759			87,270
Depreciation and amortization(1)	2,838			2,594			5,574			5,144
Salaries, benefits, insurance, and other	14,044			10,098			25,596			20,627
Total Premium Logistics (Panther)	77,067			58,925			145,929			113,041

Emergency & Preventative Maintenance (FleetNet)	37,607			32,125			77,905			63,935
Transportation Management (ABF Logistics)	34,639			23,761			63,821			44,862
Household Goods Moving Services (ABF Moving)	22,232			20,304			37,823			34,111
Other and eliminations	(9,873		)	(7,886		)	(18,253		)	(14,512		)
Total consolidated operating expenses	$	631,694		$	568,482		$	1,218,300		$	1,112,520

OPERATING INCOME (LOSS)
Freight Transportation (ABF Freight)	$	22,835		$	5,497		$	10,653		$	(17,052	)
Premium Logistics (Panther)	4,358			1,506			7,722			642
Emergency & Preventative Maintenance (FleetNet)	700			810			2,101			1,522
Transportation Management (ABF Logistics)	854			506			1,389			1,023
Household Goods Moving Services (ABF Moving)	623			948			(218		)	717
Other and eliminations	(2,418		)	(850		)	(3,397		)	(1,786		)
Total consolidated operating income (loss)	$	26,952		$	8,417		$	18,250		$	(14,934	)

OTHER INCOME (EXPENSE)
Interest and dividend income	$	194		$	161		$	384		$	332
Interest expense and other related financing costs	(725		)	(1,079		)	(1,533		)	(2,286		)
Other, net(2)	950			366			1,315			1,450
Total other income (expense)	419			(552		)	166			(504		)
INCOME (LOSS) BEFORE INCOME TAXES	$	27,371		$	7,865		$	18,416		$	(15,438	)

(1) Depreciation and amortization consists primarily of amortization of intangibles, including customer relationships and software.

(2) Includes changes in cash surrender value and proceeds of life insurance policies.

- 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.

+ References+ Details