XML 83 R22.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Note 14 - Segment Information
12 Months Ended
Dec. 31, 2019
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]

14.

Segment Information

 

We have four reportable business segments – Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), and Truckload (JBT) – which are based primarily on the services each segment provides. The JBI segment includes freight that is transported by rail over at least some portion of the movement and also includes certain repositioning truck freight moved by JBI equipment or third-party carriers, when such highway movement is intended to direct JBI equipment back toward intermodal operations. DCS segment business includes company-owned and customer-owned, DCS-operated revenue equipment and employee drivers assigned to a specific customer, traffic lane, or service. DCS operations usually include formal, written longer-term agreements or contracts that govern services performed and applicable rates. ICS provides non-asset and asset-light transportation solutions to customers through relationships with third-party carriers and integration with JBHT-owned equipment. ICS services include flatbed, refrigerated, and LTL, as well as a variety of dry-van and intermodal solutions. JBT business includes full-load, dry-van freight that is typically transported utilizing company-owned or company-controlled revenue equipment. This freight is typically transported over roads and highways and does not move by rail. All transactions between reporting segments are eliminated in consolidation.

 

Our customers are geographically dispersed across the United States. A summary of certain segment information as of December 31 is presented below (in millions):

 

   

Assets

(Excludes intercompany accounts)

 
   

December 31,

 
   

2019

   

2018

 

JBI

  $ 2,217     $ 2,221  

DCS

    1,877       1,595  

ICS

    208       212  

JBT

    241       307  

Other (includes corporate)

    928       757  

Total

  $ 5,471     $ 5,092  

 

 

   

Revenues

 
   

Years ended December 31,

 
   

2019

   

2018

   

2017

 

JBI

  $ 4,745     $ 4,717     $ 4,084  

DCS

    2,695       2,163       1,719  

ICS

    1,348       1,335       1,025  

JBT

    389       417       378  

Total segment revenues

    9,177       8,632       7,206  

Intersegment eliminations

    (12

)

    (17

)

    (16

)

Total

  $ 9,165     $ 8,615     $ 7,190  

 

 

   

Operating Income

 
   

Years ended December 31,

 
   

2019

   

2018

   

2017

 

JBI

  $ 447     $ 401     $ 407  

DCS

    269       193       171  

ICS

    (11 )     50       23  

JBT

    29       37       23  

Total

  $ 734     $ 681     $ 624  

 

 

   

Depreciation and Amortization Expense

 
   

Years ended December 31,

 
   

2019

   

2018

   

2017

 

JBI

  $ 181     $ 173     $ 163  

DCS

    246       200       158  

JBT

    33       38       41  

Other

    39       25       22  

Total

  $ 499     $ 436     $ 384