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Business Segments
12 Months Ended
Dec. 31, 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 performance primarily on operating income and return on invested 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. Truckload consists 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. We recognized a $4.6 million loss on the sale of these assets which is included in the Truckload segment for 2011.

Effective April 1, 2010 until its deconsolidation in the first quarter of 2012, the results of Jiayu are reflected in our consolidated results as part of the Corporate Segment.

We charge management fees and other corporate services to our segments based upon usage or on an overhead allocation basis. Corporate and other operating losses represent 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, technology assets and deferred debt issuance costs as well as our investment in JHJ. Intersegment revenue relates to transportation services between our segments.

Revenue from foreign sources totaled $158.3 million, $186.8 million, and $170.8 million in 2012, 2011 and 2010, respectively, and is largely derived from Canada, Asia and Mexico. Long-lived assets located in foreign countries totaled $14.7 million, $15.5 million and $19.2 million at December 31, 2012, 2011, and 2010, respectively.

The following table summarizes our operations by business segment:

(in millions)
YRC Freight
 
Regional Transportation
 
Truckload
 
Corporate/Eliminations
 
Consolidated
2012
 
 
 
 
 
 
 
 
 
External revenue
$
3,206.9

 
$
1,640.4

 
$

 
$
3.2

 
$
4,850.5

Intersegment revenue

 
0.2

 

 
(0.2
)
 

Operating income (loss)
(37.3
)
 
70.0

 

 
(8.6
)
 
24.1

Identifiable Assets
1,315.4

 
745.5

 

 
164.6

 
2,225.5

Acquisition of property and equipment
(47.2
)
 
(19.0
)
 

 
(0.2
)
 
(66.4
)
Proceeds from disposal of property and equipment
54.1

 
(0.2
)
 

 
(3.5
)
 
50.4

Depreciation and amortization
119.8

 
63.3

 

 
0.7

 
183.8

Equity investment impairment

 

 

 
30.8

 
30.8

2011
 
 
 
 
 
 
 
 
 
External revenue
$
3,203.0

 
$
1,553.3

 
$
86.9

 
$
25.6

 
$
4,868.8

Intersegment revenue

 
1.0

 
12.0

 
(13.0
)
 

Operating income (loss)
(88.5
)
 
32.9

 
(18.9
)
 
(63.7
)
 
(138.2
)
Identifiable Assets
1,410.0

 
843.6

 
2.7

 
229.5

 
2,485.8

Acquisition of property and equipment
(29.4
)
 
(33.1
)
 
(0.6
)
 
(8.5
)
 
(71.6
)
Proceeds from disposal of property and equipment
48.5

 
0.7

 
18.2

 
0.1

 
67.5

Depreciation and amortization
102.9

 
61.6

 
7.9

 
23.3

 
195.7

2010
 
 
 
 
 
 
 
 
 
External revenue
$
2,884.8

 
$
1,352.8

 
$
78.0

 
$
19.0

 
$
4,334.6

Intersegment revenue

 
1.1

 
31.6

 
(32.7
)
 

Operating income (loss)
(170.3
)
 
3.1

 
(10.2
)
 
(50.5
)
 
(227.9
)
Identifiable Assets
1,591.0

 
864.3

 
49.8

 
66.5

 
2,571.6

Acquisition of property and equipment
(8.7
)
 
(6.6
)
 
(0.6
)
 
(3.3
)
 
(19.2
)
Proceeds from disposal of property and equipment
77.7

 
3.5

 

 
0.2

 
81.4

Depreciation and amortization
108.0

 
63.6

 
8.8

 
20.6

 
201.0

Impairment charges
3.3

 
2.0

 

 

 
5.3

Equity investment impairment

 

 

 
12.3

 
12.3