NOTE 17 – REPORTABLE SEGMENTS

The Company evaluates the performance of the segments primarily based on their respective revenues 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 acquisition transaction expenses, corporate salaries, interest expense and other corporate administrative expenses and intersegment eliminations.

The Company’s operating segments also provide transportation and related services for one another. Such services are generally billed at cost, and no profit is earned. Such intersegment revenues and expenses are eliminated in the Company’s consolidated results. Intersegment revenues and expenses totaled $9.5 million, $5.1 million and $3.0 million for the Flatbed Solutions segment for the years ended December 31, 2019, 2018 and 2017, respectively. Intersegment revenues and expenses totaled $11.5 million, $8.9 million and $3.9 million for the Specialized Solutions segment for the years ended December 31, 2019, 2018 and 2017, respectively.

The following table reflects certain financial data of the Company’s reportable segments for the years ended December 31, 2019, 2018 and 2017 (in millions):


	Flatbed		Specialized
	Solutions		Solutions		Corporate/		Consolidated
	Segment		Segment		Eliminations		Totals
Year Ended December 31, 2019
Total revenue	$	663.0	$	1,095.7	$	(21.7)	$	1,737.0
Company freight		215.3		603.2		(13.9)		804.6
Owner operator freight		275.7		185.5		(5.9)		455.3
Brokerage		93.9		200.8		—		294.7
Logistics		2.8		44.8		(0.1)		47.5
Fuel surcharge		75.3		61.4		(1.8)		134.9
Operating income (loss)		(94.4)		(158.7)		(59.0)		(312.1)
Depreciation		46.5		85.0		0.7		132.2
Amortization of intangible assets		5.3		9.0		—		14.3
Impairment		116.7		196.1		—		312.8
Restructuring		1.7		3.9		2.8		8.4
Non-cash operating lease expense		10.6		16.2		0.4		27.2
Interest expense		10.7		12.9		26.8		50.4
Income (loss) before income tax		(126.1)		(203.6)		(32.3)		(362.0)
Total assets		348.1		683.1		109.4		1,140.6
Capital expenditures		38.3		54.8		1.6		94.7
Year Ended December 31, 2018
Total revenue	$	662.0	$	965.1	$	(14.0)	$	1,613.1
Company freight		206.2		524.3		(8.8)		721.7
Owner operator freight		271.5		171.8		(2.8)		440.5
Brokerage		104.2		163.1		(0.9)		266.4
Logistics		3.0		39.9		(0.1)		42.8
Fuel surcharge		77.1		66.0		(1.4)		141.7
Operating income (loss)		32.9		23.1		(34.1)		21.9
Depreciation		29.9		84.3		0.2		114.4
Amortization of intangible assets		6.2		10.5		—		16.7
Interest expense		8.6		11.3		25.6		45.5
Income (loss) before income tax		13.8		(7.1)		(27.8)		(21.1)
Total assets		464.8		884.2		41.9		1,390.9
Capital expenditures		38.2		116.0		2.1		156.3
Year Ended December 31, 2017
Total revenue	$	354.1	$	499.1	$	(6.9)	$	846.3
Company freight		181.8		284.3		(5.3)		460.8
Owner operator freight		94.8		78.0		(0.8)		172.0
Brokerage		40.9		80.2		(0.2)		120.9
Logistics		0.2		21.9		—		22.1
Fuel surcharge		36.4		34.7		(0.6)		70.5
Operating income (loss)		18.5		15.3		(26.8)		7.0
Depreciation		27.4		42.6		0.2		70.2
Amortization of intangible assets		1.8		4.9		—		6.7
Interest expense		7.1		8.4		14.0		29.5
Loss before income tax		(0.8)		(6.3)		(18.2)		(25.3)
Total assets		379.5		675.8		70.4		1,125.7
Capital expenditures		8.4		32.7		0.6		41.7