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REPORTABLE SEGMENTS (Tables)
3 Months Ended
Mar. 31, 2018
REPORTABLE SEGMENTS  
Schedule of reportable segment information

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

 

March 31, 

 

(In millions)

    

2018

    

2017

    

Operating Revenue:

 

 

 

 

 

 

 

Ocean Transportation

 

$

379.3

 

$

370.0

 

Logistics

 

 

132.1

 

 

104.4

 

Total Operating Revenue

 

$

511.4

 

$

474.4

 

Operating Income:

 

 

 

 

 

 

 

Ocean Transportation (1)

 

$

24.5

 

$

15.3

 

Logistics

 

 

4.2

 

 

1.9

 

Total Operating Income

 

 

28.7

 

 

17.2

 

Interest expense, net

 

 

(5.0)

 

 

(6.3)

 

Other income (expense), net

 

 

0.8

 

 

(0.8)

 

Income before Income Taxes

 

 

24.5

 

 

10.1

 

Income taxes

 

 

(10.3)

 

 

(3.1)

 

Net Income

 

$

14.2

 

$

7.0

 


Ocean Transportation segment information includes $10.5 million and $4.9 million of equity in income from the Terminal Joint Venture for the three months ended March 31, 2018 and 2017, respectively.