On August 31, 2018, Hub agreed to sell Mode Transportation, LCC (“Mode”), then a direct wholly-owned subsidiary of the Company (the “Disposition”). Total consideration received by the Company for the Disposition in the third quarter of 2018 was $238.5 million in cash, subject to customary purchase price adjustments. An additional $19.4 million consideration receivable was recorded in other receivables in the Consolidated Balance Sheet in the fourth quarter of 2018 due to the settlement of the net working capital and other contractual adjustments. The $19.4 million receivable was received in the first quarter of 2019.

During the three months ended September 30, 2018, Mode had revenue of $10.6 million from Hub and Hub had revenue of $2.7 million from Mode. During the nine months ended September 30, 2018 Mode had revenue of $42.2 million from Hub and Hub had revenue of $17.9 million from Mode. These intercompany transactions were eliminated in our Consolidated Statements of Income. In connection with the Disposition, the Company and Mode have entered into a transition services agreement pursuant to which both the Company and Mode provided certain immaterial transition services to the other party. The agreement was completed during the second quarter of 2019.

The 2018 results associated with Mode are classified as income from discontinued operations, net of income taxes, in our Consolidated Statements of Income. Income from discontinued operations is comprised of the following:

	Three Months Ended			Nine Months Ended
	September 30, 2018			September 30, 2018
Revenue	$	196,546		$	739,534
Transportation costs		172,949			648,986
Gross margin		23,597			90,548

Costs and expenses:
Salaries and benefits		3,317			11,043
General and administrative		16,827			62,426
Depreciation and amortization		153			632
Total costs and expenses		20,297			74,101

Operating income from discontinued operations		3,300			16,447

Other income
Interest income		3			22
Other, net		(1	)		(15	)
Gain on Disposition		113,601			113,601
Total other income		113,603			113,608

Income from discontinued operations before income taxes		116,903			130,055
Provision for income taxes		28,057			31,213

Income from discontinued operations	$	88,846		$	98,842

Selling, general and administrative expenses recorded in discontinued operations include corporate costs incurred directly in support of Mode.

Proceeds from the sale of Mode have been presented in the Consolidated Statements of Cash Flows under investing activities for the nine months ended September 30, 2019. Total operating and investing cash flows of discontinued operations for the nine months ended September 30, 2018 are comprised of the following, which exclude the effect of income taxes: