Segment Reporting

6 Months Ended

Jun. 30, 2013

Segment Reporting [Abstract]

Segment Reporting

Segment Reporting

Con-way discloses segment information in the manner in which the business units are organized for making operating decisions, assessing performance and allocating resources. For the periods presented, Con-way is divided into the following three reporting segments:

• Freight. The Freight segment consists of the operating results of the Con-way Freight business unit, which provides regional, inter-regional and transcontinental less-than-truckload freight services throughout North America.

• Logistics. The Logistics segment consists of the operating results of the Menlo Worldwide Logistics business unit, which develops contract-logistics solutions, including the management of complex distribution networks and supply-chain engineering and consulting, and also provides multimodal freight-brokerage services.

• Truckload. The Truckload segment consists of the operating results of the Con-way Truckload business unit, which provides asset-based full-truckload freight services throughout North America.

In prior periods, the Other reporting segment consisted of the operating results of Con-way's trailer manufacturer and certain corporate activities for which the related income or expense has not been allocated to other reporting segments. Beginning in the first quarter of 2013, the former Other segment was reported as Corporate and Eliminations in order to reconcile the segment results to the consolidated totals. All periods presented reflect this change to the reporting segment structure.

Financial Data

Management evaluates segment performance primarily based on revenue and operating income (loss). Accordingly, investment income, interest expense, and other non-operating items are not reported in segment results. Corporate expenses are generally allocated based on measurable services provided to each segment, or for general corporate expenses, based on segment revenue. Beginning in the first quarter of 2013, defined benefit pension plan costs were no longer allocated from Corporate to the reporting segments. The amount of defined benefit pension cost retained in Corporate and Eliminations was $0.4 million and $1.5 million in the second quarter and first six months of 2013, respectively. For the same periods of 2012, the amount of defined benefit pension cost allocated from Corporate to the three reporting segments was $2.4 million and $4.8 million respectively. Inter-segment revenue and related operating income (loss) have been eliminated to reconcile to consolidated revenue and operating income. Transactions between segments are generally based on negotiated prices.  

(Dollars in thousands)	Three Months Ended June 30,					Six Months Ended June 30,
	2013		2012			2013		2012
Revenues from External Customers
Freight	$	881,824	$	865,058		$	1,698,960	$	1,683,699
Logistics	353,528		436,207			732,256		845,008
Truckload	144,490		143,715			282,839		281,472
Corporate and Eliminations	1,528		1,116			3,479		2,078
	$	1,381,370	$	1,446,096		$	2,717,534	$	2,812,257
Revenues from Internal Customers
Freight	$	10,451	$	13,466		$	20,851	$	25,872
Logistics	16,850		11,822			30,479		22,167
Truckload	17,314		19,205			35,968		38,771
Corporate and Eliminations	16,393		13,520			31,045		26,849
	$	61,008	$	58,013		$	118,343	$	113,659
Operating Income (Loss)
Freight	$	54,689	$	53,429		70,713		87,931
Logistics	6,039		12,688			12,571		24,982
Truckload	10,873		14,619			20,828		25,169
Corporate and Eliminations	4,698		(593		)	3,786		(2,249		)
	$	76,299	$	80,143		$	107,898	$	135,833