REPORTABLE SEGMENTS (Tables)

3 Months Ended

Mar. 31, 2024

REPORTABLE SEGMENTS

Schedule of reportable segment financial information

	Three Months Ended
	March 31,
(In millions)	2024		2023
Operating Revenue:
Ocean Transportation (1)	$	579.0	$	551.0
Logistics (2)		143.1		153.8
Total Operating Revenue	$	722.1	$	704.8
Operating Income:
Ocean Transportation (3)	$	27.6	$	27.8
Logistics		9.3		10.9
Total Operating Income		36.9		38.7
Interest income		8.8		8.2
Interest expense		(2.2)		(4.5)
Other income (expense), net		1.8		1.8
Income before Taxes		45.3		44.2
Income taxes		(9.2)		(10.2)
Net Income	$	36.1	$	34.0

(1) Ocean Transportation operating revenue excludes inter-segment revenue of $19.7 million and $16.1 million for the three months ended March 31, 2024 and 2023, respectively.

(2) Logistics operating revenue excludes inter-segment revenue of $26.9 million and $24.0 million for the three months ended March 31, 2024 and 2023, respectively.

(3) Ocean Transportation segment information includes $0.4 million and $(1.8) million of net income (loss) from the Company’s equity investment in SSAT for the three months ended March 31, 2024 and 2023, respectively.