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Segment Reporting
 9 Months Ended
Sep. 30, 2015
Segment Reporting [Abstract]  
Segment Reporting
Segment Reporting
The Company determines its operating segments based on the information utilized by the chief operating decision maker, the Company’s Chief Executive Officer, to allocate resources and assess performance. Based on this information, the Company has determined that it has two operating segments and two reportable segments. The Company’s operating and reportable segments are Transportation and Logistics. As discussed further in Note 3—Acquisitions, the Company acquired a majority interest in ND on June 8, 2015. Prior to acquisition by the Company, ND had three operating segments - Transport, Logistics, and Air & Sea. The Company has included ND's Transport and Air & Sea operating segment results in its Transportation operating and reportable segments results of operations. ND's Air & Sea operating segment is similar to the Company's global forwarding business. The Company has included ND's Logistics operating segment results its Logistics operating and reportable segments results of operations. See Note 1—Organization of the condensed consolidated financial statements for further information.
These reportable segments are strategic business units through which the Company offers different services. The Company evaluates the performance of the segments primarily based on their respective net operating margin and also evaluates revenues, net revenue margin and operating income. Accordingly, interest expense and other non-operating items are not reported in segment results. In addition, the Company has disclosed a corporate segment, which is not an operating segment and includes the costs of the Company’s executive and shared service teams, professional services such as legal and consulting, board of directors, and certain other corporate costs associated with operating as a public company. The Company allocates charges to the reportable segments for information technology (“IT”) services, depreciation of IT fixed assets, medical benefit costs, as well as centralized recruiting and training resources. Intercompany transactions have been eliminated in the condensed consolidated balance sheets and results of operations. Intra-segment transactions have been eliminated in the reportable segment results of operations whereas inter-segment transactions represent a reconciling item to consolidated results as shown below.
The accounting policies of the reportable segments are the same as those described in the summary of significant accounting policies. The Company evaluates performance based on various financial measures of the respective business segments. The chief operating decision maker does not review assets by segment for purposes of allocating resources and therefore assets by segment are not disclosed. The following schedule identifies selected financial data for each of the Company’s reportable segments for the three- and nine-month periods ended September 30, 2015 and 2014, respectively (in millions):
 
Transportation
 
Logistics
 
Corporate
 
Eliminations
 
Total
Three Months Ended September 30, 2015
 
 
 
 
 
 
 
 
 
Revenue
$
1,396.8

 
$
993.3

 
$
—

 
$
(28.0
)
 
$
2,362.1

Operating income (loss)
30.9

 
36.0

 
(22.8
)
 
—

 
44.1

Depreciation and amortization
54.8

 
46.9

 
0.4

 
—

 
102.1

Interest expense
—

 
—

 
61.5

 
—

 
61.5

Tax expense (benefit)
—

 
—

 
1.9

 
—

 
1.9

Goodwill
1,857.8

 
1,587.2

 
—

 
—

 
3,445.0

Three Months Ended September 30, 2014
 
 
 
 
 
 
 
 
 
Revenue
$
612.4

 
$
50.1

 
$
—

 
$
—

 
$
662.5

Operating income (loss)
4.9

 
4.5

 
(23.0
)
 
—

 
(13.6
)
Depreciation and amortization
23.2

 
3.5

 
0.5

 
—

 
27.2

Interest expense
0.3

 
—

 
17.5

 
—

 
17.8

Tax expense (benefit)
—

 
—

 
(20.1
)
 
—

 
(20.1
)
Goodwill
566.3

 
352.2

 
—

 
—

 
918.5

Nine Months Ended September 30, 2015
 
 
 
 
 
 
 
 
 
Revenue
$
2,820.4

 
$
1,493.7

 
$
—

 
$
(33.1
)
 
$
4,281.0

Operating income (loss)
57.7

 
46.9

 
(95.2
)
 
—

 
9.4

Depreciation and amortization
103.6

 
87.2

 
1.1

 
—

 
191.9

Interest expense
—

 
—

 
120.9

 
—

 
120.9

Tax expense (benefit)
—

 
—

 
(21.3
)
 
—

 
(21.3
)
Goodwill
1,857.8

 
1,587.2

 
—

 
—

 
3,445.0

Nine Months Ended September 30, 2014
 
 
 
 
 
 
 
 
 
Revenue
$
1,475.8

 
$
50.1

 
$
—

 
$
—

 
$
1,525.9

Operating income (loss)
8.2

 
4.5

 
(59.6
)
 
—

 
(46.9
)
Depreciation and amortization
58.6

 
3.4

 
1.8

 
—

 
63.8

Interest expense
0.3

 
—

 
31.0

 
—

 
31.3

Tax expense (benefit)
0.7

 
—

 
(25.9
)
 
—

 
(25.2
)
Goodwill
566.3

 
352.2

 
—

 
—

 
918.5