
	Three Months Ended				Nine Months Ended
	September 30				September 30
	2015		2014		2015		2014
	(in thousands)
REVENUES
Freight Transportation (ABF Freight)	$	511,346	$	523,351	$	1,456,924	$	1,445,079
Premium Logistics (Panther)		73,583		82,784		229,146		236,435
Emergency & Preventative Maintenance (FleetNet)		45,181		40,117		129,685		120,123
Transportation Management (ABF Logistics)		49,270		40,672		147,061		105,882
Household Goods Moving Services (ABF Moving)		43,076		35,338		93,870		72,943
Other and eliminations		(13,076)		(10,967)		(37,915)		(32,617)
Total consolidated revenues	$	709,380	$	711,295	$	2,018,771	$	1,947,845

OPERATING EXPENSES
Freight Transportation (ABF Freight)
Salaries, wages, and benefits	$	304,865	$	294,826	$	884,875	$	835,354
Fuel, supplies, and expenses		77,708		91,406		236,381		275,473
Operating taxes and licenses		12,444		11,262		36,762		34,525
Insurance		8,288		6,498		20,340		17,859
Communications and utilities		3,808		3,768		11,559		11,741
Depreciation and amortization		18,841		17,746		54,528		50,925
Rents and purchased transportation		56,920		69,985		151,144		172,954
Gain on sale of property and equipment		(565)		(333)		(1,403)		(576)
Pension settlement expense(1)		572		627		1,860		4,224
Other		1,888		2,829		6,167		7,211
Total Freight Transportation (ABF Freight)		484,769		498,614		1,402,213		1,409,690

Premium Logistics (Panther)
Purchased transportation		54,015		61,298		168,569		176,057
Depreciation and amortization(2)		2,773		2,891		8,636		8,465
Salaries, benefits, insurance, and other		14,062		14,476		43,174		40,072
Total Premium Logistics (Panther)		70,850		78,665		220,379		224,594

Emergency & Preventative Maintenance (FleetNet)		44,225		39,378		126,542		117,283
Transportation Management (ABF Logistics)		47,478		39,612		142,686		103,433
Household Goods Moving Services (ABF Moving)		40,048		32,029		89,207		69,852
Other and eliminations(1)		(11,428)		(9,944)		(30,439)		(28,197)
Total consolidated operating expenses	$	675,942	$	678,354	$	1,950,588	$	1,896,655

⁽¹⁾

Pension settlement expense totaled $0.8 million (pre-tax) on a consolidated basis for the three months ended September 30, 2015 and 2014, of which $0.6 million was reported by ABF Freight, $0.2 million was reported in Other and eliminations, and less than $0.1 million was reported by the asset-light logistics operating segments. Pension settlement expense totaled $2.5 million (pre-tax) and $5.4 million (pre-tax) on a consolidated basis for the nine months ended September 30, 2015 and 2014, respectively, of which $1.9 million and $4.2 million was reported by ABF Freight, $0.5 million and $1.1 million was reported in Other and eliminations, and $0.1 million was reported by the asset-light logistics operating segments, for the respective periods.

⁽²⁾

Depreciation and amortization consists primarily of amortization of intangibles, including customer relationships and software associated with the June 15, 2012 acquisition of Panther.


	Three Months Ended				Nine Months Ended
	September 30				September 30
	2015		2014		2015		2014
	(in thousands)
OPERATING INCOME
Freight Transportation (ABF Freight)	$	26,577	$	24,737	$	54,711	$	35,389
Premium Logistics (Panther)		2,733		4,119		8,767		11,841
Emergency & Preventative Maintenance (FleetNet)		956		739		3,143		2,840
Transportation Management (ABF Logistics)		1,792		1,060		4,375		2,449
Household Goods Moving Services (ABF Moving)		3,028		3,309		4,663		3,091
Other and eliminations		(1,648)		(1,023)		(7,476)		(4,420)
Total consolidated operating income	$	33,438	$	32,941	$	68,183	$	51,190

OTHER INCOME (COSTS)
Interest and dividend income		378		215		882		600
Interest and other related financing costs		(1,157)		(834)		(3,183)		(2,367)
Other, net		(613)		234		(15)		1,549
Total other costs		(1,392)		(385)		(2,316)		(218)
INCOME BEFORE INCOME TAXES	$	32,046	$	32,556	$	65,867	$	50,972

The following table presents operating expenses by category on a consolidated basis for the three and nine months ended September 30:


	Three Months Ended				Nine Months Ended
	September 30				September 30
	2015		2014		2015		2014
	(in thousands)
OPERATING EXPENSES
Salaries, wages, and benefits	$	334,144	$	321,781	$	973,570	$	914,559
Rents, purchased transportation, and other costs of services		209,744		215,719		588,329		564,024
Fuel, supplies, and expenses		77,067		89,337		231,097		269,401
Depreciation and amortization		23,373		22,178		68,221		63,855
Other		31,614		29,339		89,371		84,816
Total consolidated operating expenses	$	675,942	$	678,354	$	1,950,588	$	1,896,655