REPORTABLE SEGMENTS (Tables)

3 Months Ended

Mar. 31, 2020

REPORTABLE SEGMENTS

Schedule of reportable segment information

	Three Months Ended
	March 31,
(In millions)	2020		2019
Operating Revenue:
Ocean Transportation (1)	$	400.9	$	397.9
Logistics (2)		113.0		134.5
Total Operating Revenue	$	513.9	$	532.4
Operating Income:
Ocean Transportation (3)	$	7.9	$	9.4
Logistics		5.1		8.1
Total Operating Income		13.0		17.5
Interest expense, net		(8.6)		(4.6)
Other income (expense), net		0.6		0.6
Income before Income Taxes		5.0		13.5
Income taxes		(1.2)		(1.0)
Net Income	$	3.8	$	12.5

(1) Ocean Transportation operating revenue excludes inter-segment revenue of $9.4 million and $11.4 million for the three months ended March 31, 2020 and 2019, respectively.

(2) Logistics operating revenue excludes inter-segment revenue of $10.0 million and $10.4 million for the three months ended March 31, 2020 and 2019, respectively.

(3) Ocean Transportation segment information includes $4.0 million and $8.5 million of equity in income from the Company’s equity investment in SSAT for the three months ended March 31, 2020 and 2019, respectively.