Operating Segments (Tables)

3 Months Ended

Mar. 31, 2014



(All Amounts in Thousands)		Jones Act			Pure Car Truck Carriers			Dry Bulk Carriers			Rail Ferry			Specialty Contracts			Other			Total
2014
Fixed Revenue	$	29,100		$	15,615		$	1,526		$	-		$	8,702		$	-		$	54,943
Variable Revenue		-			3,941			3,590			7,926			2,248			46			17,751
Total Revenue from External Customers		29,100			19,556			5,116			7,926			10,950			46			72,694
Intersegment Revenues (Eliminated)		-			-			-			-			-			(4,321)			(4,321)
Intersegment Expenses Eliminated		-			-			-			-			-			4,321			4,321
Voyage Expenses		24,876			17,198			3,643			7,042			10,200			(327)			62,632
Loss of Unconsolidated Entities		-			-			80			28			-			-			108
Gross Voyage Profit	$	4,224		$	2,358		$	1,393		$	856		$	750		$	373		$	9,954

Gross Voyage Profit Margin		15	%		12	%		27	%		11	%		7	%		811	%		14	%

2013
Fixed Revenue	$	31,855		$	16,395		$	874		$	-		$	6,832		$	-		$	55,956
Variable Revenue					11,477			3,361			9,128			855			347			25,168
Total Revenue from External Customers		31,855			27,872			4,235			9,128			7,687			347			81,124
Intersegment Revenues (Eliminated)		-			-			-			-			-			(13,995)			(13,995)
Intersegment Expenses Eliminated		-			-			-			-			-			13,995			13,995
Voyage Expenses		25,556			23,684			5,203			7,671			7,497			(20)			69,591
(Income) Loss of Unconsolidated Entities		-			-			331			(61)			-			-			270
Gross Voyage Profit (Loss)	$	6,299		$	4,188		$	(1,299)		$	1,518		$	190		$	367		$	11,263

Gross Voyage Profit Margin		20	%		15	%		(31)	%		17	%		2	%		106	%		14	%

Reconciliation Of The Totals Reported For The Operating Segments



	Three Months Ended March 31,
(All Amounts in Thousands)		2014		2013
Revenues	$	72,694	$	81,124

Voyage Expenses		62,632		69,591
Net Loss of Unconsolidated Entities		108		270

Gross Voyage Profit		9,954		11,263

Vessel Depreciation		6,721		5,771
Other Depreciation		18		23

Gross Profit		3,215		5,469

Other Operating Expenses:
Administrative and General Expenses		5,579		5,433
Less: Net Loss of Unconsolidated Entities		(108)		(270)
Total Other Operating Expenses		5,471		5,163

Operating (Loss) Income	$	(2,256)	$	306

- Definition

Tabular disclosure of each significant reconciling item, other than profit (loss), revenues, or assets, in the reconciliation of totals of such items in reportable segments to the entity's corresponding consolidated amount.

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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