Segment Information

3 Months Ended

Mar. 31, 2016

Segment Reporting [Abstract]

Segment and Geographic Area Information

SEGMENT AND GEOGRAPHIC AREA INFORMATION:

Segment Information

The Company presents the financial results of its 11 operating regions as three distinct operating segments: North American Operations, Australian Operations and U.K./European Operations. Each of the Company's segments generates the following three categories of revenues from external customers: freight revenues, freight-related revenues and all other revenues. The Company's nine North American regions are aggregated into one segment as a result of having similar economic and operating characteristics.

The results of operations of the foreign entities are maintained in the respective local currency (the Australian dollar, the British pound, the Canadian dollar and the Euro) and then translated into United States dollars at the applicable exchange rates for inclusion in the consolidated financial statements. As a result, any appreciation or depreciation of these currencies against the United States dollar will impact the Company's results of operations.

The following table reflects the average exchange rates used to translate the foreign entities respective local currency results of operations into United States dollars for the three months ended March 31, 2016 and 2015:

	Three Months Ended March 31,
	2016		2015
United States dollar per Australian dollar	$	0.72	$	0.79
United States dollar per British pound	$	1.43	$	1.51
United States dollar per Canadian dollar	$	0.73	$	0.81
United States dollar per Euro	$	1.10	$	1.13

The following tables set forth the Company's operating segments for the three months ended March 31, 2016 and 2015 (dollars in thousands):

	Three Months Ended March 31, 2016
	North American Operations		Australian Operations			U.K./European Operations			Total Operations
Operating revenues:
Freight revenues	$	221,825	$	24,777		$	79,812		$	326,414
Freight-related revenues	61,525		25,490			46,443			133,458
All other revenues	16,428		1,531			4,785			22,744
Total Operating revenues	$	299,778	$	51,798		$	131,040		$	482,616
Income/(loss) from operations	$	69,978	$	(11,751	)	$	(1,231	)	$	56,996
Depreciation and amortization	$	36,189	$	6,656		$	6,485		$	49,330
Interest expense, net	$	10,465	$	2,395		$	5,040		$	17,900
Provision for/(benefit from) income taxes	$	16,009	$	(2,525	)	$	(676	)	$	12,808
Expenditures for additions to property & equipment, net of grants from outside parties	$	29,177	$	5,187		$	5,400		$	39,764

	Three Months Ended March 31, 2015
	North American Operations		Australian Operations		U.K./European Operations			Total Operations
Operating revenues:
Freight revenues	$	243,030	$	46,358	$	8,821		$	298,209
Freight-related revenues	58,061		10,864		9,200			78,125
All other revenues	16,533		2,720		1,443			20,696
Total Operating revenues	$	317,624	$	59,942	$	19,464		$	397,030
Income/(loss) from operations	$	57,081	$	14,236	$	1,303		$	72,620
Depreciation and amortization	$	35,305	$	6,226	$	686		$	42,217
Interest expense, net	$	10,773	$	2,333	$	376		$	13,482
Loss on settlement of foreign currency forward purchase contracts	$	16,374	$	2,312	$	—		$	18,686
Provision for/(benefit from) income taxes	$	14,157	$	2,928	$	(223	)	$	16,862
Expenditures for additions to property & equipment, net of grants from outside parties	$	45,270	$	4,615	$	13		$	49,898

The following tables set forth the property and equipment recorded in the consolidated balance sheets for the Company's operating segments as of March 31, 2016 and December 31, 2015 (dollars in thousands):

	March 31, 2016
	North American Operations		Australian Operations		U.K./European Operations		Total Operations
Property and equipment, net	$	3,447,028	$	469,722	$	313,761	$	4,230,511

	December 31, 2015
	North American Operations		Australian Operations		U.K./European Operations		Total Operations
Property and equipment, net	$	3,433,669	$	465,123	$	316,271	$	4,215,063

Geographic Area Information

Operating revenues for each geographic area for the three months ended March 31, 2016 and 2015 were as follows (dollars in thousands):

	Three Months Ended
	March 31, 2016				March 31, 2015
	Amount		% of Total		Amount		% of Total
Operating revenues:
United States	$	276,755	57.3	%	$	290,419	73.1	%
Non-United States:
Australia	$	51,798	10.7	%	$	59,941	15.1	%
Canada	23,023		4.8	%	27,205		6.9	%
U.K.	95,676		19.8	%	9,654		2.4	%
Netherlands	24,761		5.2	%	7,433		1.9	%
Other	10,603		2.2	%	2,378		0.6	%
Total Non-United States	$	205,861	42.7	%	$	106,611	26.9	%
Total operating revenues	$	482,616	100.0	%	$	397,030	100.0	%

Property and equipment for each geographic area as of March 31, 2016 and December 31, 2015 were as follows (dollars in thousands):

	March 31, 2016				December 31, 2015
	Amount		% of Total		Amount		% of Total
Property and equipment located in:
United States	$	3,204,941	75.8	%	$	3,202,963	76.0	%
Non-United States:
Australia	$	469,722	11.0	%	$	465,123	11.0	%
Canada	242,088		5.7	%	230,706		5.5	%
U.K.	298,792		7.1	%	303,210		7.2	%
Other	14,968		0.4	%	13,061		0.3	%
Total Non-United States	$	1,025,570	24.2	%	$	1,012,100	24.0	%
Total property and equipment, net	$	4,230,511	100.0	%	$	4,215,063	100.0	%