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OPERATING SEGMENT DATA (Tables) | 3 Months Ended
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Mar. 31, 2016
OPERATING SEGMENT DATA |
Schedule of reportable operating segment information |
|  | Three Months Ended |
|  | March 31 |
|  | 2016 |  | 2015 |
|  | (in thousands) |
REVENUES |  |  |  |  |  |  |
Freight Transportation (ABF Freight) |  | $ | 439,508 |  | $ | 441,207 |
Premium Logistics (Panther) |  |  | 66,078 |  |  | 75,292 |
Transportation Management (ABF Logistics) |  |  | 66,947 |  |  | 47,372 |
Emergency & Preventative Maintenance (FleetNet) |  |  | 43,564 |  |  | 42,489 |
Household Goods Moving Services (ABF Moving) |  |  | 18,144 |  |  | 18,568 |
Other and eliminations |  |  | (12,786) |  |  | (11,652) |
Total consolidated revenues |  | $ | 621,455 |  | $ | 613,276 |
OPERATING EXPENSES |  |  |  |  |  |  |
Freight Transportation (ABF Freight) |  |  |  |  |  |  |
Salaries, wages, and benefits |  | $ | 296,607 |  | $ | 278,371 |
Fuel, supplies, and expenses |  |  | 66,689 |  |  | 79,026 |
Operating taxes and licenses |  |  | 11,980 |  |  | 11,996 |
Insurance |  |  | 6,466 |  |  | 5,785 |
Communications and utilities |  |  | 4,372 |  |  | 3,985 |
Depreciation and amortization |  |  | 20,392 |  |  | 17,400 |
Rents and purchased transportation |  |  | 39,696 |  |  | 41,844 |
Gain on sale of property and equipment |  |  | (172) |  |  | (244) |
Pension settlement expense(1) |  |  | 677 |  |  | 840 |
Other |  |  | 1,800 |  |  | 2,161 |
Total Freight Transportation (ABF Freight) |  |  | 448,507 |  |  | 441,164 |
Premium Logistics (Panther) |  |  |  |  |  |  |
Purchased transportation |  |  | 48,851 |  |  | 56,044 |
Depreciation and amortization |  |  | 2,837 |  |  | 2,924 |
Salaries, benefits, insurance, and other |  |  | 14,134 |  |  | 15,129 |
Total Premium Logistics (Panther) |  |  | 65,822 |  |  | 74,097 |
Transportation Management (ABF Logistics) |  |  | 66,281 |  |  | 46,597 |
Emergency & Preventative Maintenance (FleetNet) |  |  | 42,580 |  |  | 41,319 |
Household Goods Moving Services (ABF Moving) |  |  | 18,893 |  |  | 18,931 |
Other and eliminations(1) |  |  | (11,363) |  |  | (10,112) |
Total consolidated operating expenses(1) |  | $ | 630,720 |  | $ | 611,996 |
| (1) |  | Pre-tax pension settlement expense totaled $0.9 million and $1.1 million on a consolidated basis for the three months ended March 31, 2016 and 2015, respectively. For the three months ended March 31, 2016, pre-tax pension settlement expense of $0.7 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. For the three months ended March 31, 2015, pre-tax pension settlement expense of $0.8 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.
|  | Three Months Ended |
|  | March 31 |
|  | 2016 |  | 2015 |
|  | (in thousands) |
OPERATING INCOME (LOSS) |  |  |  |  |  |  |
Freight Transportation (ABF Freight) |  | $ | (8,999) |  | $ | 43 |
Premium Logistics (Panther) |  |  | 256 |  |  | 1,195 |
Transportation Management (ABF Logistics) |  |  | 666 |  |  | 775 |
Emergency & Preventative Maintenance (FleetNet) |  |  | 984 |  |  | 1,170 |
Household Goods Moving Services (ABF Moving) |  |  | (749) |  |  | (363) |
Other and eliminations |  |  | (1,423) |  |  | (1,540) |
Total consolidated operating income (loss) |  | $ | (9,265) |  | $ | 1,280 |
OTHER INCOME (COSTS) |  |  |  |  |  |  |
Interest and dividend income |  |  | 401 |  |  | 234 |
Interest and other related financing costs |  |  | (1,247) |  |  | (1,002) |
Other, net(2) |  |  | 366 |  |  | 400 |
Total other costs |  |  | (480) |  |  | (368) |
INCOME (LOSS) BEFORE INCOME TAXES |  | $ | (9,745) |  | $ | 912 |
| (2) |  | Includes changes in cash surrender value of life insurance policies.
The following table presents operating expenses by category on a consolidated basis:
|  | Three Months Ended |
|  | March 31 |
|  | 2016 |  | 2015 |
|  | (in thousands) |
OPERATING EXPENSES |  |  |  |  |  |  |
Salaries, wages, and benefits |  | $ | 329,469 |  | $ | 306,916 |
Rents, purchased transportation, and other costs of services |  |  | 183,088 |  |  | 177,966 |
Fuel, supplies, and expenses |  |  | 64,220 |  |  | 75,902 |
Depreciation and amortization(1) |  |  | 25,151 |  |  | 22,232 |
Other |  |  | 28,792 |  |  | 28,980 |
|  | $ | 630,720 |  | $ | 611,996 |
Includes amortization of intangible assets.

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