XML 40 R27.htm IDEA: XBRL DOCUMENT v3.8.0.1
Business Segments (Tables)
12 Months Ended
Dec. 31, 2017
Segment Reporting [Abstract]  
Summary of Operating Results

The following is a summary of operating results for our business segments for the years ended December 31, 2017, 2016 and 2015 (in thousands):

 

 

Twelve Months

 

 

Twelve Months

 

 

Ended December  31, 2017

 

 

Ended December  31, 2016

 

 

 

 

 

 

 

 

Inter-

 

Hub

 

 

 

 

 

 

 

 

Inter-

 

Hub

 

 

 

 

 

 

 

 

Segment

 

Group

 

 

 

 

 

 

 

 

Segment

 

Group

 

 

Hub

 

Mode

 

Elims

 

Total

 

 

Hub

 

Mode

 

Elims

 

Total

 

Revenue

$

3,107,394

 

$

1,029,160

 

$

(101,657

)

$

4,034,897

 

 

$

2,734,541

 

$

948,735

 

$

(110,486

)

$

3,572,790

 

Transportation costs

 

2,771,291

 

 

907,746

 

 

(101,657

)

 

3,577,380

 

 

 

2,404,946

 

 

823,545

 

 

(110,486

)

 

3,118,005

 

Gross margin

 

336,103

 

 

121,414

 

 

-

 

 

457,517

 

 

 

329,595

 

 

125,190

 

 

-

 

 

454,785

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Costs and expenses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Salaries and benefits

 

174,573

 

 

13,816

 

 

-

 

 

188,389

 

 

 

165,136

 

 

15,323

 

 

-

 

 

180,459

 

Agent fees and commissions

 

58

 

 

74,024

 

 

-

 

 

74,082

 

 

 

66

 

 

72,830

 

 

-

 

 

72,896

 

General and administrative

 

77,085

 

 

8,097

 

 

-

 

 

85,182

 

 

 

60,811

 

 

7,819

 

 

-

 

 

68,630

 

Depreciation and amortization

 

12,139

 

 

1,174

 

 

-

 

 

13,313

 

 

 

7,698

 

 

1,268

 

 

-

 

 

8,966

 

Total costs and expenses

 

263,855

 

 

97,111

 

 

-

 

 

360,966

 

 

 

233,711

 

 

97,240

 

 

-

 

 

330,951

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating income

$

72,248

 

$

24,303

 

$

-

 

$

96,551

 

 

 

95,884

 

 

27,950

 

 

-

 

 

123,834

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Capital expenditures

$

73,772

 

$

769

 

$

-

 

$

74,541

 

 

$

106,316

 

$

1,093

 

$

-

 

$

107,409

 

 

 

Twelve Months

 

 

Ended December  31, 2015

 

 

 

 

 

 

 

 

Inter-

 

Hub

 

 

 

 

 

 

 

 

Segment

 

Group

 

 

Hub

 

Mode

 

Elims

 

Total

 

Revenue

$

2,679,318

 

$

928,661

 

$

(82,384

)

$

3,525,595

 

Transportation costs

 

2,385,197

 

 

810,087

 

 

(82,384

)

 

3,112,900

 

Gross margin

 

294,121

 

 

118,574

 

 

-

 

 

412,695

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Costs and expenses:

 

 

 

 

 

 

 

 

 

 

 

 

Salaries and benefits

 

143,993

 

 

14,945

 

 

-

 

 

158,938

 

Agent fees and commissions

 

56

 

 

68,668

 

 

-

 

 

68,724

 

General and administrative

 

53,023

 

 

6,992

 

 

-

 

 

60,015

 

Depreciation and amortization

 

6,688

 

 

1,300

 

 

-

 

 

7,988

 

Total costs and expenses

 

203,760

 

 

91,905

 

 

-

 

 

295,665

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating income

$

90,361

 

$

26,669

 

$

-

 

$

117,030

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Capital expenditures

$

79,860

 

$

3,182

 

$

-

 

$

83,042

 

 

 

Schedule of Assets

 

 

As of December 31, 2017

 

 

As of December 31, 2016

 

 

 

 

 

 

 

 

Inter-

 

Hub

 

 

 

 

 

 

 

 

Inter-

 

Hub

 

 

 

 

 

 

 

 

Segment

 

Group

 

 

 

 

 

 

 

 

Segment

 

Group

 

 

Hub

 

Mode

 

Elims

 

Total

 

 

Hub

 

Mode

 

Elims

 

Total

 

Total assets

$

1,470,792

 

$

210,088

 

$

(9,939

)

$

1,670,941

 

 

$

1,178,110

 

$

191,374

 

$

(9,225

)

$

1,360,259

 

Goodwill

$

319,272

 

$

29,389

 

$

-

 

 

348,661

 

 

$

232,987

 

$

29,389

 

$

-

 

 

262,376

 

 

Summary of Revenue by Segment and Business Line

 

The following tables summarize our revenue by segment and business line (in thousands):

 

 

Twelve Months

 

 

Twelve Months

 

 

Ended December  31, 2017

 

 

Ended December  31, 2016

 

 

 

 

 

 

 

 

Inter-

 

Hub

 

 

 

 

 

 

 

 

Inter-

 

Hub

 

 

 

 

 

 

 

 

Segment

 

Group

 

 

 

 

 

 

 

 

Segment

 

Group

 

 

Hub

 

Mode

 

Elims

 

Total

 

 

Hub

 

Mode

 

Elims

 

Total

 

Intermodal

$

1,852,884

 

$

496,733

 

$

(56,587

)

$

2,293,030

 

 

$

1,785,865

 

$

486,758

 

$

(81,556

)

$

2,191,067

 

Truck brokerage

 

483,955

 

 

340,330

 

 

(1,990

)

 

822,295

 

 

 

391,901

 

 

308,055

 

 

(1,456

)

 

698,500

 

Logistics

 

655,543

 

 

192,097

 

 

(43,061

)

 

804,579

 

 

 

556,775

 

 

153,922

 

 

(27,474

)

 

683,223

 

Dedicated

 

115,012

 

 

-

 

 

(19

)

 

114,993

 

 

 

-

 

 

-

 

 

-

 

 

-

 

Total revenue

$

3,107,394

 

$

1,029,160

 

$

(101,657

)

$

4,034,897

 

 

$

2,734,541

 

$

948,735

 

$

(110,486

)

$

3,572,790

 

 

 

Twelve Months

 

 

Ended December  31, 2015

 

 

 

 

 

 

 

 

Inter-

 

Hub

 

 

 

 

 

 

 

 

Segment

 

Group

 

 

Hub

 

Mode

 

Elims

 

Total

 

Intermodal

$

1,792,046

 

$

483,910

 

$

(78,688

)

$

2,197,268

 

Truck brokerage

 

355,402

 

 

314,498

 

 

(1,908

)

 

667,992

 

Logistics

 

531,870

 

 

130,253

 

 

(1,788

)

 

660,335

 

Total revenue

$

2,679,318

 

$

928,661

 

$

(82,384

)

$

3,525,595