Segment Reporting

12 Months Ended

Dec. 31, 2014

Segment Reporting [Abstract]

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 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.

Prior to 2013, the former Other segment consisted of the operating results of Con-way's trailer manufacturer and certain corporate activities for which the related income or expense was not allocated to other reporting segments. Beginning in the first quarter of 2013, inter-segment eliminations were combined with the Other segment and 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 2013, costs associated with the defined benefit pension plans are no longer allocated to reporting segments and instead are included in Corporate and Eliminations as other corporate costs. The amount of defined benefit pension cost retained in Corporate and Eliminations was $13.5 million and $4.2 million for the years ended December 31, 2014 and 2013, respectively. In 2012, these costs are included in the results of the Freight, Logistics and Truckload reporting segments and total $9.6 million. 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.

	Years ended December 31,
(Dollars in thousands)	2014			2013		2012
Revenue from External Customers
Freight	$	3,586,333		$	3,424,002	$	3,339,605
Logistics	1,638,967			1,474,507		1,677,279
Truckload	572,990			567,255		558,714
Corporate and Eliminations	7,779			7,592		4,649
	$	5,806,069		$	5,473,356	$	5,580,247
Revenue from Internal Customers
Freight	$	45,732		$	42,098	$	52,991
Logistics	78,744			65,892		48,921
Truckload	58,521			69,555		76,842
Corporate and Eliminations	70,458			70,687		53,015
	$	253,455		$	248,232	$	231,769
Operating Income (Loss)
Freight	$	210,324		$	146,047	$	143,869
Logistics	27,193			23,467		44,616
Truckload	41,245			38,691		44,921
Corporate and Eliminations	(10,312		)	748		(4,565		)
	$	268,450		$	208,953	$	228,841
Depreciation and Amortization, net of Accretion
Freight	$	150,528		$	135,311	$	124,372
Logistics	11,225			7,571		7,532
Truckload	68,382			74,449		69,799
Corporate and Eliminations	12,372			11,905		13,499
	$	242,507		$	229,236	$	215,202
Capital Expenditures
Freight	$	176,933		$	180,576	$	190,218
Logistics	15,577			24,587		7,186
Truckload	91,731			74,637		93,117
Corporate and Eliminations	5,535			2,143		2,614
	$	289,776		$	281,943	$	293,135
Assets
Freight	$	1,560,324		$	1,529,681	$	1,459,576
Logistics	367,081			318,266		302,295
Truckload	792,088			799,775		807,470
Corporate and Eliminations	616,125			632,209		583,074
	$	3,335,618		$	3,279,931	$	3,152,415

Geographic Data

For geographic reporting, freight transportation revenue is allocated equally between the origin and destination. Revenue for contract services is allocated to the country in which the services are performed. Long-lived assets outside of the United States were immaterial for all periods presented.

	Years ended December 31,
(Dollars in thousands)	2014		2013		2012
Revenue
United States	$	5,310,573	$	5,094,193	$	5,189,792
Canada	180,951		116,491		114,451
Other	314,545		262,672		276,004
Total	$	5,806,069	$	5,473,356	$	5,580,247