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OPERATING SEGMENT DATA (Tables) | 6 Months Ended
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Jun. 30, 2019
OPERATING SEGMENT DATA |
Schedule of reportable operating segment information | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | Six Months Ended |
​ | ​ | June 30 | ​ | June 30 |
​ |  | 2019 |  | 2018 |  | 2019 |  | 2018 |
​ | ​ | (in thousands) |
REVENUES | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Asset-Based | ​ | $ | 559,648 | ​ | $ | 559,239 |  | $ | 1,065,727 |  | $ | 1,041,354 | ​
ArcBest | ​ |  | 181,173 | ​ |  | 199,987 | ​ |  | 354,377 | ​ |  | 381,920 | ​
FleetNet | ​ |  | 51,722 | ​ |  | 46,792 | ​ |  | 104,981 | ​ |  | 94,551 | ​
Other and eliminations | ​ |  | (21,053) | ​ |  | (12,668) | ​ |  | (41,756) | ​ |  | (24,474) | ​
Total consolidated revenues |  | $ | 771,490 |  | $ | 793,350 |  | $ | 1,483,329 |  | $ | 1,493,351 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
OPERATING EXPENSES | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Asset-Based | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Salaries, wages, and benefits | ​ | $ | 297,016 | ​ | $ | 286,750 |  | $ | 577,292 |  | $ | 556,529 | ​
Fuel, supplies, and expenses | ​ |  | 66,853 | ​ |  | 65,040 | ​ |  | 131,580 | ​ |  | 127,233 | ​
Operating taxes and licenses | ​ |  | 12,214 | ​ |  | 11,910 | ​ |  | 24,612 | ​ |  | 23,666 | ​
Insurance | ​ |  | 7,598 | ​ |  | 7,979 | ​ |  | 15,589 | ​ |  | 14,607 | ​
Communications and utilities | ​ |  | 4,529 | ​ |  | 4,135 | ​ |  | 9,149 | ​ |  | 8,656 | ​
Depreciation and amortization | ​ |  | 21,743 | ​ |  | 21,362 | ​ |  | 42,723 | ​ |  | 42,292 | ​
Rents and purchased transportation | ​ |  | 57,687 | ​ |  | 63,253 | ​ |  | 107,599 | ​ |  | 109,386 | ​
Shared services | ​ | ​ | 56,013 | ​ | ​ | 56,825 | ​ | ​ | 106,725 | ​ | ​ | 102,432 | ​
Multiemployer pension fund withdrawal liability charge(1) | ​ | ​ | — | ​ | ​ | 37,922 | ​ | ​ | — | ​ | ​ | 37,922 | ​
Gain on sale of property and equipment | ​ |  | (1,587) | ​ |  | (266) | ​ |  | (1,621) | ​ |  | (399) | ​
Other | ​ |  | 1,404 | ​ |  | 948 | ​ |  | 2,286 | ​ |  | 2,247 | ​
Total Asset-Based | ​ |  | 523,470 | ​ |  | 555,858 | ​ | ​ | 1,015,934 | ​ | ​ | 1,024,571 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
ArcBest | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Purchased transportation | ​ |  | 147,552 | ​ |  | 162,920 | ​ |  | 287,657 | ​ |  | 311,292 | ​
Supplies and expenses | ​ |  | 2,858 | ​ |  | 3,538 | ​ |  | 5,632 | ​ |  | 6,768 | ​
Depreciation and amortization | ​ |  | 3,055 | ​ |  | 3,597 | ​ |  | 6,206 | ​ |  | 7,005 | ​
Shared services | ​ | ​ | 23,141 | ​ | ​ | 23,536 | ​ | ​ | 46,172 | ​ | ​ | 45,404 | ​
Other | ​ | ​ | 2,445 | ​ |  | 2,546 | ​ | ​ | 4,858 | ​ | ​ | 4,427 | ​
Restructuring costs(2) | ​ | ​ | — | ​ |  | 143 | ​ | ​ | — | ​ | ​ | 152 | ​
Total ArcBest | ​ |  | 179,051 | ​ |  | 196,280 | ​ |  | 350,525 | ​ |  | 375,048 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | ​ | ​ |  | ​ | ​
FleetNet | ​ |  | 50,696 | ​ |  | 45,763 | ​ |  | 102,467 | ​ |  | 92,001 | ​
Other and eliminations | ​ |  | (16,927) | ​ |  | (7,707) |  |  | (29,388) | ​ |  | (14,150) | ​
Total consolidated operating expenses | ​ | $ | 736,290 | ​ | $ | 790,194 | ​ | $ | 1,439,538 | ​ | $ | 1,477,470 | ​
​
(1) | ABF Freight recorded a one-time charge in second quarter 2018 for the multiemployer pension plan withdrawal liability resulting from the transition agreement with the New England Teamsters and Trucking Industry Pension Fund
(2) | Restructuring costs relate to the realignment of the Company’s corporate structure as further described in Note N to the consolidated financial statements in Item 8 of the Company’s 2018 Annual Report on Form 10-K.
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | Six Months Ended |
​ | ​ | June 30 | ​ | June 30 | ​
​ |  | 2019 |  | 2018 |  | 2019 |  | 2018 |
​ | ​ | (in thousands) |
OPERATING INCOME | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Asset-Based | ​ | $ | 36,178 | ​ | $ | 3,381 | ​ | $ | 49,793 | ​ | $ | 16,783 | ​
ArcBest | ​ |  | 2,122 | ​ |  | 3,707 | ​ |  | 3,852 | ​ |  | 6,872 | ​
FleetNet | ​ |  | 1,026 | ​ |  | 1,029 | ​ |  | 2,514 | ​ |  | 2,550 | ​
Other and eliminations | ​ |  | (4,126) | ​ |  | (4,961) | ​ |  | (12,368) | ​ |  | (10,324) | ​
Total consolidated operating income | ​ | $ | 35,200 | ​ | $ | 3,156 | ​ | $ | 43,791 | ​ | $ | 15,881 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
OTHER INCOME (COSTS) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest and dividend income | ​ | $ | 1,616 | ​ | $ | 714 | ​ | $ | 3,094 | ​ | $ | 1,240 | ​
Interest and other related financing costs | ​ |  | (2,811) | ​ |  | (2,013) | ​ |  | (5,693) | ​ |  | (4,072) | ​
Other, net(1) | ​ |  | (445) | ​ |  | (1,123) | ​ |  | (1,036) | ​ |  | (3,324) | ​
Total other income (costs) | ​ |  | (1,640) | ​ |  | (2,422) | ​ |  | (3,635) | ​ |  | (6,156) | ​
INCOME BEFORE INCOME TAXES | ​ | $ | 33,560 | ​ | $ | 734 | ​ | $ | 40,156 | ​ | $ | 9,725 | ​
​
(1) | Includes the components of net periodic benefit cost other than service cost related to the Company’s nonunion pension, SBP, and postretirement plans (see Note G) and proceeds and changes in cash surrender value of life insurance policies.
​ ​ The following table presents operating expenses by category on a consolidated basis: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Three Months Ended | ​ | Six Months Ended |
​ | ​ | June 30 | ​ | June 30 | ​
​ |  | 2019 |  | 2018 |  | 2019 |  | 2018 |
​ |  | (in thousands) | ​
OPERATING EXPENSES | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Salaries, wages, and benefits | ​ | $ | 361,116 | ​ | $ | 355,913 | ​ | $ | 704,784 | ​ | $ | 684,670 | ​
Rents, purchased transportation, and other costs of services | ​ |  | 236,053 | ​ |  | 253,540 | ​ |  | 457,078 | ​ |  | 477,296 | ​
Fuel, supplies, and expenses | ​ |  | 80,700 | ​ |  | 84,884 | ​ |  | 160,036 | ​ |  | 163,530 | ​
Depreciation and amortization(1) | ​ |  | 27,434 | ​ |  | 27,187 | ​ |  | 53,971 | ​ |  | 53,673 | ​
Other | ​ |  | 30,987 | ​ |  | 30,408 | ​ |  | 63,669 | ​ |  | 59,663 | ​
Multiemployer pension fund withdrawal liability charge(2) | ​ | ​ | — | ​ | ​ | 37,922 | ​ | ​ | — | ​ | ​ | 37,922 | ​
Restructuring costs(3) | ​ |  | — | ​ |  | 340 | ​ |  | — | ​ |  | 716 | ​
​ | ​ | $ | 736,290 | ​ | $ | 790,194 | ​ | $ | 1,439,538 | ​ | $ | 1,477,470 | ​
(1) | Includes amortization of intangible assets.
(2) | ABF Freight recorded a one-time charge in second quarter 2018 for the multiemployer pension plan withdrawal liability resulting from the transition agreement with the New England Teamsters and Trucking Industry Pension Fund.
(3) | Restructuring costs relate to the realignment of the Company’s corporate structure as further described in Note N to the consolidated financial statements in Item 8 of the Company’s 2018 Annual Report on Form 10-K.

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