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Business Segments
12 Months Ended
Dec. 31, 2014
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.

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, restricted cash 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 $137.5 million, $139.5 million, and $158.3 million in 2014, 2013 and 2012, respectively, and is mainly derived from Canada and, to a lesser extent, Mexico. Long-lived assets located in foreign countries totaled $8.7 million, $12.4 million and $14.7 million at December 31, 2014, 2013, and 2012, respectively.

The following table summarizes our operations by business segment:

(in millions)
YRC Freight
 
Regional Transportation
 
Corporate/Eliminations
 
Consolidated
2014
 
 
 
 
 
 
 
External revenue
$
3,237.4

 
$
1,831.4

 
$

 
$
5,068.8

Intersegment revenue

 

 

 

Operating income (loss)
0.5

 
66.1

 
(21.1
)
 
45.5

Identifiable Assets
1,462.1

 
685.7

 
(162.8
)
 
1,985.0

Acquisition of property and equipment
(37.0
)
 
(32.2
)
 

 
(69.2
)
Proceeds from disposal of property and equipment
23.2

 
(2.4
)
 

 
20.8

Depreciation and amortization
98.0

 
65.8

 
(0.2
)
 
163.6

2013
 
 
 
 
 
 
 
External revenue
$
3,136.8

 
$
1,728.6

 
$

 
$
4,865.4

Intersegment revenue

 

 

 

Operating income (loss)
(31.2
)
 
79.9

 
(20.3
)
 
28.4

Identifiable Assets
1,513.4

 
698.4

 
(146.9
)
 
2,064.9

Acquisition of property and equipment
(43.4
)
 
(23.3
)
 
(0.2
)
 
(66.9
)
Proceeds from disposal of property and equipment
6.7

 
3.0

 
0.1

 
9.8

Depreciation and amortization
109.1

 
63.1

 
0.1

 
172.3

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