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REPORTABLE SEGMENTS (Tables)
3 Months Ended
Mar. 31, 2019
REPORTABLE SEGMENTS  
Schedule of reportable segment information

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

 

March 31, 

 

(In millions)

    

2019

    

2018

    

Operating Revenue:

 

 

 

 

 

 

 

Ocean Transportation

 

$

397.9

 

$

379.3

 

Logistics

 

 

134.5

 

 

132.1

 

Total Operating Revenue

 

$

532.4

 

$

511.4

 

Operating Income:

 

 

 

 

 

 

 

Ocean Transportation (1)

 

$

9.4

 

$

24.5

 

Logistics

 

 

8.1

 

 

4.2

 

Total Operating Income

 

 

17.5

 

 

28.7

 

Interest expense, net

 

 

(4.6)

 

 

(5.0)

 

Other income (expense), net

 

 

0.6

 

 

0.8

 

Income before Income Taxes

 

 

13.5

 

 

24.5

 

Income taxes

 

 

(1.0)

 

 

(10.3)

 

Net Income

 

$

12.5

 

$

14.2

 


Ocean Transportation segment information includes $8.5 million and $10.5 million of equity in income from the Company’s equity investment in SSAT for the three months ended March 31, 2019 and 2018, respectively.