XML 28 R17.htm IDEA: XBRL DOCUMENT v3.21.2
Segment Reporting
 9 Months Ended
Sep. 30, 2021
Segment Reporting [Abstract]  
Segment Reporting SEGMENT REPORTING
We have three reportable segments – Truckload, Intermodal, and Logistics – which are based primarily on the services each segment provides.

The CODM reviews revenues for each segment without the inclusion of fuel surcharge revenues. For segment purposes, any fuel surcharge revenues earned are recorded as a reduction of the segment’s fuel expenses. Income from operations at the segment level reflects the measure presented to the CODM for each segment.

Separate balance sheets are not prepared by segment, and as a result, assets are not separately identifiable by segment. All transactions between reportable segments are eliminated in consolidation.

Substantially all of our revenues and assets were generated or located within the U.S.

The following tables summarize our segment information. Inter-segment revenues were immaterial for all segments, with the exception of Other, which included revenues from insurance premiums charged to other segments for workers’ compensation, auto, and other types of insurance. Inter-segment revenues included in Other revenues below were $16.0 million and $11.9 million for the three months ended September 30, 2021 and 2020, respectively, and $46.1 million and $59.1 million for the nine months ended September 30, 2021 and 2020, respectively.
Revenues by SegmentThree Months Ended
September 30,		Nine Months Ended
September 30,
(in millions)2021202020212020
Truckload$484.4 $460.2 $1,411.3 $1,380.7 
Intermodal295.7 248.4 825.5 705.4 
Logistics474.6 284.4 1,261.2 754.9 
Other98.0 85.5 284.9 274.7 
Fuel surcharge114.4 73.0 314.8 244.7 
Inter-segment eliminations(22.6)(15.8)(63.8)(72.8)
Operating revenues$1,444.5 $1,135.7 $4,033.9 $3,287.6 

Income (Loss) from Operations by Segment Three Months Ended
September 30,		Nine Months Ended
September 30,
(in millions)2021202020212020
Truckload$85.1 $45.6 $197.0 $122.7 
Intermodal45.7 23.0 100.6 50.3 
Logistics22.1 9.1 55.0 21.5 
Other0.8 (14.4)3.1 (12.9)
Income from operations$153.7 $63.3 $355.7 $181.6 

Depreciation and Amortization by SegmentThree Months Ended
September 30,		Nine Months Ended
September 30,
(in millions)2021202020212020
Truckload$52.1 $53.6 $157.1 $157.1 
Intermodal12.4 11.9 35.5 34.4 
Logistics0.1 0.1 0.2 0.1 
Other9.6 8.6 27.7 24.7 
Depreciation and amortization$74.2 $74.2 $220.5 $216.3