REPORTABLE SEGMENTS (Tables)

6 Months Ended

Jun. 30, 2020

REPORTABLE SEGMENTS

Schedule of reportable segment information

	Three Months Ended				Six Months Ended
	June 30,				June 30,
(In millions)	2020		2019		2020		2019
Operating Revenue:
Ocean Transportation (1)	$	410.8	$	415.4	$	811.7	$	813.3
Logistics (2)		113.3		142.5		226.3		277.0
Total Operating Revenue	$	524.1	$	557.9	$	1,038.0	$	1,090.3
Operating Income:
Ocean Transportation (3)	$	42.3	$	19.7	$	50.2	$	29.1
Logistics		8.9		11.3		14.0		19.4
Total Operating Income		51.2		31.0		64.2		48.5
Interest expense, net		(8.2)		(6.1)		(16.8)		(10.7)
Other income (expense), net		1.5		0.8		2.1		1.4
Income before Income Taxes		44.5		25.7		49.5		39.2
Income taxes		(11.7)		(7.3)		(12.9)		(8.3)
Net Income	$	32.8	$	18.4	$	36.6	$	30.9

(1) Ocean Transportation operating revenue excludes inter-segment revenue of $11.9 million and $13.8 million for the three months ended June 30, 2020 and 2019, and $21.3 million and $25.2 million for the six months ended June 30, 2020 and 2019, respectively.

(2) Logistics operating revenue excludes inter-segment revenue of $12.3 million and $11.5 million for the three months ended June 30, 2020 and 2019, and $22.3 million and $21.9 million for the six months ended June 30, 2020 and 2019, respectively.

(3) Ocean Transportation segment information includes $3.7 million and $0.9 million of equity in income from the Company’s equity investment in SSAT for the three months ended June 30, 2020 and 2019, and $7.7 million and $9.4 million for the six months ended June 30, 2020 and 2019, respectively.