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Segment Results:
9 Months Ended
Sep. 30, 2012
Segment Results:  
Segment Results:

(13)  Segment results for the three and nine months ended September 30, 2012 and 2011 were as follows (in millions):

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

 

September 30,

 

September 30,

 

 

 

2012

 

2011

 

2012

 

2011

 

Revenue:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ocean transportation

 

$

307.1

 

$

281.4

 

$

886.1

 

$

794.1

 

Logistics

 

94.3

 

99.2

 

275.6

 

293.6

 

Total revenue

 

$

401.4

 

$

380.6

 

$

1,161.7

 

$

1,087.7

 

 

 

 

 

 

 

 

 

 

 

Operating Income, Net Income:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ocean transportation

 

32.9

 

$

28.9

 

$

69.9

 

$

61.2

 

Logistics

 

1.3

 

2.0

 

2.9

 

5.6

 

Total operating income

 

34.2

 

30.9

 

72.8

 

66.8

 

Interest Expense

 

(4.0

)

(1.9

)

(7.9

)

(5.7

)

Income From Continuing Operations Before Income Taxes

 

30.2

 

29.0

 

64.9

 

61.1

 

Income Tax Expense

 

11.2

 

10.6

 

28.6

 

22.0

 

Income From Continuing Operations

 

19.0

 

18.4

 

36.3

 

39.1

 

(Loss) Income From Discontinued Operations (net of income taxes)

 

0.1

 

(9.7

)

(6.0

)

(6.5

)

Net Income

 

$

19.1

 

$

8.7

 

$

30.3

 

$

32.6