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Business Segments
 9 Months Ended
Sep. 30, 2018
Segment Reporting [Abstract]  
Business Segments
Business Segments

We report financial and descriptive information about our reporting segments on a basis consistent with that used internally for evaluating segment performance and allocating resources to segments. We evaluate segment performance primarily on external revenue, operating income (loss), and operating ratio.

We charge management fees and other corporate service fees to our reporting segments based on the benefits received or an overhead allocation basis. Shared support functions include information technology, legal, financial services, revenue management, and other company-wide services. Corporate represents residual operating expenses of the holding company that are not attributable to any segment and remain unallocated. It also represents certain items that are permitted to be included in Adjusted EBITDA. Corporate identifiable assets primarily consist of cash and cash equivalents, restricted amounts held in escrow, and information technology assets, which are offset by eliminations with the two business segments.

We considered the disclosure requirements for revenue disaggregation guidance in ASC Topic 606 and noted that our segments disaggregate our revenues based on geographic and time-based factors as our Regional Transportation segment carriers operate in a smaller geographic footprint and have a shorter length of haul as compared to our YRC Freight segment. 

The following table summarizes our operations by business segment:
 
(in millions)
YRC Freight
 
Regional
Transportation
 
Corporate/
Eliminations
 
Consolidated
As of September 30, 2018
 
 
 
 
 
 
 
Identifiable assets
$
1,000.9

 
$
646.2

 
$
10.5

 
$
1,657.6

As of December 31, 2017
 
 
 
 
 
 
 
Identifiable assets
$
1,042.1

 
$
607.4

 
$
(64.0
)
 
$
1,585.5

Three Months Ended September 30, 2018
 
 
 
 
 
 
 
External revenue
$
822.1

 
$
481.5

 
$
—

 
$
1,303.6

Operating income (loss)
$
24.7

 
$
18.4

 
$
(1.9
)
 
$
41.2

Nine Months Ended September 30, 2018
 
 
 
 
 
 
 
External revenue
$
2,401.0

 
$
1,443.8

 
$
(0.2
)
 
$
3,844.6

Operating income (loss)
$
44.6

 
$
52.8

 
$
(9.6
)
 
$
87.8

Three Months Ended September 30, 2017
 
 
 
 
 
 
 
External revenue
$
787.8

 
$
463.5

 
$
(0.1
)
 
$
1,251.2

Operating income (loss)(a)
$
23.2

 
$
21.5

 
$
(1.3
)
 
$
43.4

Nine Months Ended September 30, 2017
 
 
 
 
 
 
 
External revenue
$
2,306.2

 
$
1,376.5

 
$
(0.3
)
 
$
3,682.4

Operating income (loss)(a)
$
46.6

 
$
59.0

 
$
(8.7
)
 
$
96.9

(a)
Due to the adoption of ASU 2017-07, Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost,
“Operating income (loss)” for prior year has been updated to reflect the reclassification of pension expense.