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Business Segments
 6 Months Ended
Jun. 30, 2019
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.

The following table summarizes our operations by business segment:
 
(in millions)
YRC Freight
 
Regional
Transportation
 
Corporate/
Eliminations
 
Consolidated
As of June 30, 2019
 
 
 
 
 
 
 
Identifiable assets
$
1,349.6

 
$
784.6

 
$
(226.9
)
 
$
1,907.3

As of December 31, 2018
 
 
 
 
 
 
 
Identifiable assets
$
973.6

 
$
626.4

 
$
17.1

 
$
1,617.1

Three Months Ended June 30, 2019
 
 
 
 
 
 
 
Operating revenue
$
800.8

 
$
471.8

 
$
—

 
$
1,272.6

Operating income (loss)
$
16.0

 
$
2.6

 
$
(4.3
)
 
$
14.3

Six Months Ended June 30, 2019
 
 
 
 
 
 
 
External revenue
$
1,544.6

 
$
910.4

 
$
(0.1
)
 
$
2,454.9

Operating loss
$
(5.1
)
 
$
(4.4
)
 
$
(7.9
)
 
$
(17.4
)
Three Months Ended June 30, 2018
 
 
 
 
 
 
 
Operating revenue
$
827.6

 
$
499.0

 
$
(0.1
)
 
$
1,326.5

Operating income (loss)
$
26.8

 
$
29.2

 
$
(5.1
)
 
$
50.9

Six Months Ended June 30, 2018
 
 
 
 
 
 
 
External revenue
$
1,578.9

 
$
962.3

 
$
(0.2
)
 
$
2,541.0

Operating income (loss)
$
19.9

 
$
34.4

 
$
(7.7
)
 
$
46.6