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Business Segments
 9 Months Ended
Sep. 30, 2012
Segment Reporting [Abstract]  
Business Segments
Business Segments
We report financial and descriptive information about our reportable operating segments on a basis consistent with that used internally for evaluating segment performance and allocating resources to segments. We evaluate segment performance primarily on operating income and return on committed capital.
We have the following reportable segments, which are strategic business units that offer complementary transportation services to their customers:
•
YRC Freight includes carriers that provide comprehensive national, regional and international services.
•
Regional Transportation is comprised of carriers that focus primarily on business opportunities in the next-day and regional delivery markets.
•
Additionally, during 2011, we reported Truckload as a separate segment, which consisted entirely of Glen Moore, a former domestic truckload carrier. On December 15, 2011, we sold a majority of the assets of Glen Moore to a third party for $18.5 million and ceased the operations.
The accounting policies of the segments are the same as those described in the Summary of Accounting Policies note in our Annual Report on Form 10-K for the year ended December 31, 2011. We charge management fees and other corporate services to our segments based on the direct benefits received or as a percentage of revenue. Corporate and other operating losses represent residual operating expenses of the holding company, including compensation and benefits and professional services for all periods presented. Corporate identifiable assets primarily refer to cash, cash equivalents, investments in equity method affiliates and deferred debt issuance costs. Intersegment revenue primarily relates to transportation services between our segments.
The following table summarizes our operations by business segment:
 
(in millions)
YRC Freight
 
Regional
Transportation
 
Truckload
 
Corporate/
Eliminations
 
Consolidated
As of September 30, 2012
 
 
 
 
 
 
 
 
 
Identifiable assets
$
1,391.0

 
$
819.4

 
n/a

 
$
156.5

 
$
2,366.9

As of December 31, 2011
 
 
 
 
 
 
 
 
 
Identifiable assets
$
1,410.0

 
$
843.6

 
$
2.7

 
$
229.5

 
$
2,485.8

Three Months Ended September 30, 2012
 
 
 
 
 
 
 
 
 
External revenue
$
819.5

 
$
417.3

 
n/a

 
$
—

 
$
1,236.8

Operating income (loss)
$
2.8

 
$
27.2

 
n/a

 
$
(2.7
)
 
$
27.3

Nine Months Ended September 30, 2012
 
 
 
 
 
 
 
 
 
External revenue
$
2,429.7

 
$
1,249.0

 
n/a

 
$
3.2

 
$
3,681.9

Intersegment revenue
$
—

 
$
0.2

 
n/a

 
$
(0.2
)
 
$
—

Operating income (loss)
$
(58.4
)
 
$
61.6

 
n/a

 
$
(9.1
)
 
$
(5.9
)
Three Months Ended September 30, 2011
 
 
 
 
 
 
 
 
 
External revenue
$
841.6

 
$
404.7

 
$
22.9

 
$
7.2

 
$
1,276.4

Intersegment revenue
$
—

 
$
0.1

 
$
3.1

 
$
(3.2
)
 
$
—

Operating income (loss)
$
(16.7
)
 
$
12.4

 
$
(2.7
)
 
$
(19.1
)
 
$
(26.1
)
Nine Months Ended September 30, 2011
 
 
 
 
 
 
 
 
 
External revenue
$
2,398.5

 
$
1,171.6

 
$
67.1

 
$
19.3

 
$
3,656.5

Intersegment revenue
$
—

 
$
1.0

 
$
9.6

 
$
(10.6
)
 
$
—

Operating income (loss)
$
(61.8
)
 
$
26.0

 
$
(10.3
)
 
$
(54.0
)
 
$
(100.1
)