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Segment Reporting
 6 Months Ended
Jun. 30, 2020
Segment Reporting [Abstract]  
Segment Reporting Segment Reporting
We operate and report in two business segments: (i) crude oil marketing, transportation and storage, and (ii) tank truck transportation of liquid chemicals and dry bulk.

Financial information by reporting segment was as follows for the periods indicated (in thousands):

Reporting Segments
MarketingTransportationOtherTotal
Three Months Ended June 30, 2020
Revenues$140,141  $12,145  $—  $152,286  
Segment operating (losses) earnings (1)
6,830  (1,164) —  5,666  
Depreciation and amortization1,857  2,421  —  4,278  
Property and equipment additions (2) (3)
18  323  327  668  
Three Months Ended June 30, 2019
Revenues$467,040  $17,393  $—  $484,433  
Segment operating earnings (1)
962  977  —  1,939  
Depreciation and amortization2,304  1,980  —  4,284  
Property and equipment additions (3)
1,348  3,422  —  4,770  
Six Months Ended June 30, 2020
Revenues$477,362  $28,401  $—  $505,763  
Segment operating (losses) earnings (1)
(10,821) (559) —  (11,380) 
Depreciation and amortization3,864  4,887  —  8,751  
Property and equipment additions (2) (3)
2,050  364  466  2,880  
Six Months Ended June 30, 2019
Revenues$896,801  $32,800  $—  $929,601  
Segment operating earnings (1)
8,060  1,816  —  9,876  
Depreciation and amortization4,426  3,447  —  7,873  
Property and equipment additions (3)
3,002  10,119  —  13,121  
_______________
(1)Our crude oil marketing segment’s operating (losses) earnings included inventory liquidation gains of $6.0 million and inventory valuation losses of $1.0 million for the three months ended June 30, 2020 and 2019, respectively. For the six months ended June 30, 2020 and 2019, our crude oil marketing segment’s operating (losses) earnings included inventory valuation losses of $18.2 million and inventory liquidation gains of $3.5 million, respectively.
(2)During the three and six months ended June 30, 2020, we had $0.3 million and $0.5 million, respectively, of property and equipment additions for leasehold improvements at our corporate headquarters, which is not attributed or allocated to any of our reporting segments.
(3)Our crude oil marketing segment’s property and equipment additions do not include approximately $3.6 million and $4.1 million of assets acquired under finance leases during the three and six months ended June 30, 2019, respectively, and approximately $1.7 million of assets acquired under finance leases during the three and six months ended June 30, 2020. See Note 13 for further information.
Segment operating (losses) earnings reflect revenues net of operating costs and depreciation and amortization expense and are reconciled to (losses) earnings before income taxes, as follows for the periods indicated (in thousands):
Three Months EndedSix Months Ended
June 30,June 30,
2020201920202019
Segment operating (losses) earnings$5,666  $1,939  $(11,380) $9,876  
General and administrative(2,731) (2,582) (5,625) (5,266) 
Operating (losses) earnings2,935  (643) (17,005) 4,610  
Gain on dissolution of investment—  75  —  573  
Interest income144  731  509  1,387  
Interest expense(68) (117) (218) (182) 
(Losses) Earnings before income taxes$3,011  $46  $(16,714) $6,388  

Identifiable assets by business segment were as follows at the dates indicated (in thousands):

June 30,December 31,
20202019
Reporting segment:
Marketing$105,885  $141,402  
Transportation62,990  58,483  
Cash and other92,459  130,957  
Total assets$261,334  $330,842  
There were no significant intersegment sales during the three and six months ended June 30, 2020 and 2019, respectively. Other identifiable assets are primarily corporate cash, corporate accounts receivable and properties not identified with any specific segment of our business. Accounting policies for transactions between reportable segments are consistent with applicable accounting policies as disclosed herein.