OPERATING SEGMENT DATA (Tables)

9 Months Ended

Sep. 30, 2020

Schedule of reportable operating segment information


	Three Months Ended				Nine Months Ended
	September 30				September 30
	2020		2019		2020		2019

	(in thousands)
REVENUES
Asset-Based	$	561,856	$	565,621	$	1,537,639	$	1,631,348
ArcBest		217,294		199,758		533,536		554,135
FleetNet		50,545		53,976		149,424		158,957
Other and eliminations		(34,715)		(31,792)		(96,850)		(73,548)
Total consolidated revenues	$	794,980	$	787,563	$	2,123,749	$	2,270,892

OPERATING EXPENSES
Asset-Based
Salaries, wages, and benefits	$	287,385	$	296,503	$	820,218	$	873,795
Fuel, supplies, and expenses		50,144		65,738		157,044		195,502
Operating taxes and licenses		12,296		12,865		36,719		37,477
Insurance		8,587		7,646		24,658		23,235
Communications and utilities		4,373		5,064		13,426		14,181
Depreciation and amortization		24,054		23,776		70,651		66,370
Rents and purchased transportation		69,442		61,102		171,364		167,234
Shared services		60,664		56,031		155,154		161,664
Gain on sale of property and equipment		133		(82)		(3,206)		(1,703)
Innovative technology costs⁽¹⁾		6,199		4,664		15,521		9,200
Other⁽¹⁾		1,933		592		5,168		2,878
Total Asset-Based		525,210		533,899		1,466,717		1,549,833

ArcBest
Purchased transportation		181,129		164,521		443,401		452,178
Supplies and expenses		2,746		2,780		7,015		8,412
Depreciation and amortization		2,413		2,607		7,332		8,813
Shared services		24,217		25,032		64,784		71,204
Other		1,958		2,366		6,279		7,224
Total ArcBest		212,463		197,306		528,811		547,831

FleetNet		49,558		52,805		146,615		155,272
Other and eliminations		(32,033)		(27,655)		(86,420)		(57,043)
Total consolidated operating expenses	$	755,198	$	756,355	$	2,055,723	$	2,195,893



OPERATING INCOME (LOSS)
Asset-Based	$	36,646	$	31,722	$	70,922	$	81,515
ArcBest		4,831		2,452		4,725		6,304
FleetNet		987		1,171		2,809		3,685
Other and eliminations		(2,682)		(4,137)		(10,430)		(16,505)
Total consolidated operating income	$	39,782	$	31,208	$	68,026	$	74,999

OTHER INCOME (COSTS)
Interest and dividend income	$	756	$	1,768	$	3,122	$	4,862
Interest and other related financing costs		(2,860)		(2,900)		(9,185)		(8,593)
Other, net⁽²⁾		1,500		(6,734)		334		(7,770)
Total other income (costs)		(604)		(7,866)		(5,729)		(11,501)
INCOME BEFORE INCOME TAXES	$	39,178	$	23,342	$	62,297	$	63,498

(1)	Represents costs associated with the freight handling pilot test program at ABF Freight.

(2)	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				Nine Months Ended
	September 30				September 30
	2020		2019		2020		2019

	(in thousands)
OPERATING EXPENSES
Salaries, wages, and benefits	$	363,035	$	363,902	$	1,013,201	$	1,068,685
Rents, purchased transportation, and other costs of services		267,438		249,110		672,380		706,200
Fuel, supplies, and expenses		61,321		81,023		187,932		241,059
Depreciation and amortization⁽¹⁾		30,032		29,361		88,131		83,332
Other		33,372		32,959		94,079		96,617
	$	755,198	$	756,355	$	2,055,723	$	2,195,893

(1)	Includes amortization of intangible assets.