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OPERATING SEGMENT DATA (Tables) | 3 Months Ended
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Mar. 31, 2021
OPERATING SEGMENT DATA |
Schedule of reportable operating segment information | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​
​ | ​ | March 31 | ​
​ |  | 2021 |  | 2020 |
​ | ​ | (in thousands) | ​
REVENUES | ​ | ​ | ​ | ​ | ​ | ​ | ​
Asset-Based | ​ | $ | 556,292 | ​ | $ | 515,713 |
ArcBest | ​ |  | 252,336 | ​ |  | 164,775 | ​
FleetNet | ​ |  | 59,163 | ​ |  | 52,439 | ​
Other and eliminations | ​ |  | (38,578) | ​ |  | (31,528) | ​
Total consolidated revenues |  | $ | 829,213 |  | $ | 701,399 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
OPERATING EXPENSES | ​ | ​ | ​ | ​ | ​ | ​ | ​
Asset-Based | ​ | ​ | ​ | ​ | ​ | ​ | ​
Salaries, wages, and benefits | ​ | $ | 285,694 | ​ | $ | 283,838 |
Fuel, supplies, and expenses | ​ |  | 60,841 | ​ |  | 61,225 | ​
Operating taxes and licenses | ​ |  | 12,248 | ​ |  | 12,794 | ​
Insurance | ​ |  | 8,939 | ​ |  | 7,824 | ​
Communications and utilities | ​ |  | 4,970 | ​ |  | 4,711 | ​
Depreciation and amortization | ​ |  | 23,484 | ​ |  | 23,270 | ​
Rents and purchased transportation | ​ |  | 75,588 | ​ |  | 55,770 | ​
Shared services | ​ | ​ | 55,866 | ​ | ​ | 48,885 | ​
Gain on sale of property and equipment(1) | ​ |  | (8,695) | ​ |  | (2,164) | ​
Innovative technology costs(2) | ​ |  | 6,868 | ​ |  | 4,533 | ​
Other | ​ |  | 434 | ​ |  | 1,787 | ​
Total Asset-Based | ​ |  | 526,237 | ​ |  | 502,473 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
ArcBest | ​ | ​ | ​ | ​ | ​ | ​ | ​
Purchased transportation | ​ |  | 210,995 | ​ |  | 137,182 | ​
Supplies and expenses | ​ |  | 2,568 | ​ |  | 2,280 | ​
Depreciation and amortization | ​ |  | 2,386 | ​ |  | 2,470 | ​
Shared services | ​ | ​ | 26,072 | ​ | ​ | 21,727 | ​
Other | ​ | ​ | 2,050 | ​ |  | 2,525 | ​
Total ArcBest | ​ |  | 244,071 | ​ |  | 166,184 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
FleetNet | ​ |  | 58,140 | ​ |  | 51,399 | ​
Other and eliminations | ​ |  | (31,426) | ​ |  | (26,476) |
Total consolidated operating expenses | ​ | $ | 797,022 | ​ | $ | 693,580 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
OPERATING INCOME | ​ | ​ | ​ | ​ | ​ | ​ | ​
Asset-Based | ​ | $ | 30,055 | ​ | $ | 13,240 | ​
ArcBest | ​ |  | 8,265 | ​ |  | (1,409) | ​
FleetNet | ​ |  | 1,023 | ​ |  | 1,040 | ​
Other and eliminations | ​ |  | (7,152) | ​ |  | (5,052) | ​
Total consolidated operating income | ​ | $ | 32,191 | ​ | $ | 7,819 | ​
OTHER INCOME (COSTS) | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest and dividend income | ​ | $ | 392 | ​ | $ | 1,375 | ​
Interest and other related financing costs | ​ |  | (2,428) | ​ |  | (2,947) | ​
Other, net(3) | ​ |  | 1,192 | ​ |  | (3,862) | ​
Total other income (costs) | ​ |  | (844) | ​ |  | (5,434) | ​
INCOME BEFORE INCOME TAXES | ​ | $ | 31,347 | ​ | $ | 2,385 | ​
​ ​
(1) | The three months ended March 31, 2021 includes an $8.6 million gain on the sale of an unutilized service center property.
(2) | Represents costs associated with the freight handling pilot test program at ABF Freight.
(3) | Includes the components of net periodic benefit cost other than service cost related to the Company’s SBP and postretirement plans (see Note G) and proceeds and changes in cash surrender value of life insurance policies.
​
Schedule of revenues from customers and intersegment revenues | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Three Months Ended | ​
​ | ​ | March 31 | ​
​ |  | 2021 |  | 2020 |
​ | ​ | (in thousands) | ​
Revenues from customers | ​ | ​ | ​ | ​ | ​ | ​ | ​
Asset-Based | ​ | $ | 529,724 | ​ | $ | 495,728 |
ArcBest | ​ |  | 250,241 | ​ |  | 162,948 | ​
FleetNet | ​ |  | 48,434 | ​ |  | 41,744 | ​
Other | ​ |  | 814 | ​ |  | 979 | ​
Total consolidated revenues |  | $ | 829,213 |  | $ | 701,399 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Intersegment revenues | ​ | ​ | ​ | ​ | ​ | ​ | ​
Asset-Based | ​ | $ | 26,568 | ​ | $ | 19,985 | ​
ArcBest | ​ | ​ | 2,095 | ​ | ​ | 1,827 | ​
FleetNet | ​ | ​ | 10,729 | ​ | ​ | 10,695 | ​
Other and eliminations | ​ | ​ | (39,392) | ​ | ​ | (32,507) | ​
Total intersegment revenues | ​ | $ | — |  | $ | — |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total segment revenues | ​ | ​ | ​ | ​ | ​ | ​ | ​
Asset-Based | ​ | $ | 556,292 | ​ | $ | 515,713 | ​
ArcBest | ​ | ​ | 252,336 | ​ | ​ | 164,775 | ​
FleetNet | ​ | ​ | 59,163 | ​ | ​ | 52,439 | ​
Other and eliminations | ​ | ​ | (38,578) | ​ | ​ | (31,528) | ​
Total consolidated revenues | ​ | $ | 829,213 | ​ | $ | 701,399 | ​
Schedule of consolidated operating expenses by component | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Three Months Ended | ​
​ | ​ | March 31 | ​
​ |  | 2021 |  | 2020 |
​ |  | (in thousands) | ​
OPERATING EXPENSES | ​ | ​ | ​ | ​ | ​ | ​ | ​
Salaries, wages, and benefits | ​ | $ | 359,395 | ​ | $ | 344,946 | ​
Rents, purchased transportation, and other costs of services | ​ |  | 309,338 | ​ |  | 217,028 | ​
Fuel, supplies, and expenses | ​ |  | 73,149 | ​ |  | 71,773 | ​
Depreciation and amortization(1) | ​ |  | 30,354 | ​ |  | 29,013 | ​
Other | ​ |  | 24,786 | ​ |  | 30,820 | ​
​ | ​ | $ | 797,022 | ​ | $ | 693,580 | ​
(1) | Includes amortization of intangible assets.

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