
	Three Months Ended				Six Months Ended
	June 30				June 30
	2016		2015		2016		2015
	(in thousands)
REVENUES
Freight Transportation (ABF Freight)	$	486,731	$	504,371	$	926,239	$	945,578
Premium Logistics (Panther)		69,705		80,271		135,783		155,563
Transportation Management (ABF Logistics)		67,955		50,419		134,902		97,791
Emergency & Preventative Maintenance (FleetNet)		41,780		42,015		85,344		84,504
Household Goods Moving Services (ABF Moving)		25,742		32,225		43,886		50,793
Other and eliminations		(15,286)		(13,186)		(28,072)		(24,838)
Total consolidated revenues	$	676,627	$	696,115	$	1,298,082	$	1,309,391

OPERATING EXPENSES
Freight Transportation (ABF Freight)
Salaries, wages, and benefits	$	303,693	$	301,639	$	600,300	$	580,010
Fuel, supplies, and expenses		72,279		79,647		138,968		158,673
Operating taxes and licenses		12,154		12,322		24,134		24,318
Insurance		7,660		6,267		14,126		12,052
Communications and utilities		4,279		3,766		8,651		7,751
Depreciation and amortization		20,911		18,286		41,303		35,686
Rents and purchased transportation		47,800		52,380		87,496		94,224
Gain on sale of property and equipment		(2,197)		(594)		(2,369)		(838)
Pension settlement expense(1)		424		448		1,101		1,288
Other		2,356		2,118		4,156		4,279
Total Freight Transportation (ABF Freight)		469,359		476,279		917,866		917,443

Premium Logistics (Panther)
Purchased transportation		52,007		58,510		100,858		114,554
Depreciation and amortization		2,868		2,939		5,705		5,863
Salaries, benefits, insurance, and other		13,728		13,984		27,862		29,113
Total Premium Logistics (Panther)		68,603		75,433		134,425		149,530

Transportation Management (ABF Logistics)		67,459		48,611		133,740		95,208
Emergency & Preventative Maintenance (FleetNet)		41,184		40,998		83,764		82,317
Household Goods Moving Services (ABF Moving)		24,872		30,228		43,765		49,159
Other and eliminations(1)		(11,504)		(8,900)		(22,867)		(19,012)
Total consolidated operating expenses(1)	$	659,973	$	662,649	$	1,290,693	$	1,274,645

⁽¹⁾

Pre-tax pension settlement expense totaled $0.6 million on a consolidated basis for the three months ended June 30, 2016 and 2015, of which $0.4 million was reported by ABF Freight, $0.1 million was reported in Other and eliminations, and less than $0.1 million was reported by the asset-light logistics operating segments. For the six months ended June 30, 2016 and 2015, pre-tax pension settlement expense totaled $1.5 million and $1.7 million, respectively, of which $1.1 million and $1.3 million, respectively, was reported by ABF Freight, $0.3 million was reported in Other and eliminations, and $0.1 million was reported by the asset-light logistics operating segments.


	Three Months Ended				Six Months Ended
	June 30				June 30
	2016		2015		2016		2015
	(in thousands)
OPERATING INCOME
Freight Transportation (ABF Freight)	$	17,372	$	28,092	$	8,373	$	28,135
Premium Logistics (Panther)		1,102		4,838		1,358		6,033
Transportation Management (ABF Logistics)		496		1,808		1,162		2,583
Emergency & Preventative Maintenance (FleetNet)		596		1,017		1,580		2,187
Household Goods Moving Services (ABF Moving)		870		1,997		121		1,634
Other and eliminations		(3,782)		(4,286)		(5,205)		(5,826)
Total consolidated operating income	$	16,654	$	33,466	$	7,389	$	34,746

OTHER INCOME (COSTS)
Interest and dividend income	$	387	$	271	$	788	$	505
Interest and other related financing costs		(1,231)		(1,025)		(2,478)		(2,027)
Other, net(2)		571		197		937		597
Total other costs		(273)		(557)		(753)		(925)
INCOME BEFORE INCOME TAXES	$	16,381	$	32,909	$	6,636	$	33,821

⁽²⁾

Includes changes in cash surrender value of life insurance policies.

The following table presents operating expenses by category on a consolidated basis:


	Three Months Ended				Six Months Ended
	June 30				June 30
	2016		2015		2016		2015
	(in thousands)
OPERATING EXPENSES
Salaries, wages, and benefits	$	335,094	$	332,510	$	664,563	$	639,426
Rents, purchased transportation, and other costs of services		199,352		200,619		382,440		378,585
Fuel, supplies, and expenses		70,406		78,127		134,626		154,029
Depreciation and amortization(1)		25,748		22,616		50,899		44,848
Other		29,373		28,777		58,165		57,757
	$	659,973	$	662,649	$	1,290,693	$	1,274,645

⁽¹⁾

Includes amortization of intangible assets.