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OPERATING SEGMENT DATA (Tables)

6 Months Ended

Jun. 30, 2021

Schedule of reportable operating segment information


	Three Months Ended				Six Months Ended
	June 30				June 30
	2021		2020		2021		2020

	(in thousands)
REVENUES
Asset-Based	$	652,832	$	460,070	$	1,209,124	$	975,783
ArcBest		270,748		151,467		523,084		316,242
FleetNet		59,547		46,440		118,710		98,879
Other and eliminations		(34,154)		(30,607)		(72,732)		(62,135)
Total consolidated revenues	$	948,973	$	627,370	$	1,778,186	$	1,328,769

OPERATING EXPENSES
Asset-Based
Salaries, wages, and benefits	$	302,370	$	248,995	$	588,064	$	532,833
Fuel, supplies, and expenses		64,689		45,675		125,530		106,900
Operating taxes and licenses		12,303		11,629		24,551		24,423
Insurance		9,454		8,247		18,393		16,071
Communications and utilities		4,663		4,342		9,633		9,053
Depreciation and amortization		23,308		23,327		46,792		46,597
Rents and purchased transportation		95,082		46,152		170,670		101,922
Shared services		69,372		45,605		125,238		94,490
Gain on sale of property and equipment⁽¹⁾		71		(1,175)		(8,624)		(3,339)
Innovative technology costs⁽²⁾		7,532		4,789		14,400		9,322
Other		77		1,448		511		3,235
Total Asset-Based		588,921		439,034		1,115,158		941,507

ArcBest
Purchased transportation		226,603		125,090		437,598		262,272
Supplies and expenses		2,476		1,989		5,044		4,269
Depreciation and amortization		2,366		2,449		4,752		4,919
Shared services		29,078		18,840		55,150		40,567
Gain on sale of subsidiaries⁽³⁾		(6,923)		—		(6,923)		—
Other		2,021		1,796		4,071		4,321
Total ArcBest		255,621		150,164		499,692		316,348

FleetNet		58,409		45,658		116,549		97,057
Other and eliminations		(28,277)		(27,911)		(59,703)		(54,387)
Total consolidated operating expenses	$	874,674	$	606,945	$	1,671,696	$	1,300,525

OPERATING INCOME
Asset-Based	$	63,911	$	21,036	$	93,966	$	34,276
ArcBest		15,127		1,303		23,392		(106)
FleetNet		1,138		782		2,161		1,822
Other and eliminations		(5,877)		(2,696)	$	(13,029)	$	(7,748)
Total consolidated operating income	$	74,299	$	20,425		106,490		28,244
OTHER INCOME (COSTS)
Interest and dividend income	$	322	$	991	$	714	$	2,366
Interest and other related financing costs		(2,274)		(3,378)		(4,702)		(6,325)
Other, net⁽⁴⁾		1,111		2,696		2,303		(1,166)
Total other income (costs)		(841)		309		(1,685)		(5,125)
INCOME BEFORE INCOME TAXES	$	73,458	$	20,734	$	104,805	$	23,119

(1)	The six months ended June 30, 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)	Gain recognized for the three and six months ended June 30, 2021 relates to the sale of the labor services portion of the ArcBest segment’s moving business in May 2021.

(4)	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				Six Months Ended
	June 30				June 30
	2021		2020		2021		2020

	(in thousands)
Revenues from customers
Asset-Based	$	630,145	$	439,585	$	1,159,869	$	935,313
ArcBest		268,038		149,683		518,279		312,631
FleetNet		49,951		37,245		98,385		78,989
Other		839		857		1,653		1,836
Total consolidated revenues	$	948,973	$	627,370	$	1,778,186	$	1,328,769

Intersegment revenues
Asset-Based	$	22,687	$	20,485	$	49,255	$	40,470
ArcBest		2,710		1,784		4,805		3,611
FleetNet		9,596		9,195		20,325		19,890
Other and eliminations		(34,993)		(31,464)		(74,385)		(63,971)
Total intersegment revenues	$	—	$	—	$	—	$	—

Total segment revenues
Asset-Based	$	652,832	$	460,070	$	1,209,124	$	975,783
ArcBest		270,748		151,467		523,084		316,242
FleetNet		59,547		46,440		118,710		98,879
Other and eliminations		(34,154)		(30,607)		(72,732)		(62,135)
Total consolidated revenues	$	948,973	$	627,370	$	1,778,186	$	1,328,769

Schedule of consolidated operating expenses by component


	Three Months Ended				Six Months Ended
	June 30				June 30
	2021		2020		2021		2020

	(in thousands)
OPERATING EXPENSES
Salaries, wages, and benefits	$	389,146	$	305,220	$	748,541	$	650,166
Rents, purchased transportation, and other costs of services		347,760		187,914		657,098		404,942
Fuel, supplies, and expenses		80,020		54,838		153,169		126,611
Depreciation and amortization⁽¹⁾		30,282		29,086		60,636		58,099
Other⁽²⁾		27,466		29,887		52,252		60,707
	$	874,674	$	606,945	$	1,671,696	$	1,300,525

(1)	Includes amortization of intangible assets.

(2)

The three and six months ended June 30, 2021 includes a $6.9 million gain related to the sale of a subsidiary within the ArcBest segment. The six months ended June 30, 2021 also includes an $8.6 million gain related to the sale of an unutilized service center property within the Asset-Based segment.