Business Segment Information (Tables)

12 Months Ended

Dec. 31, 2014

Schedule of Segment Reporting Information, by Segment

Financial information regarding 2014, 2013 and 2012 operations by the Company’s designated geographic areas is as follows:



	United States		Other North America
2014
Revenues from unaffiliated customers	$	1,694,819	218,735
Transfers between geographic areas	97,028		10,891
Total revenues	$	1,791,847	229,626
Net revenues¹	$	823,111	108,631
Operating income	$	221,166	36,475
Identifiable assets at year end	$	1,408,598	111,324
Capital expenditures	$	19,610	1,439
Depreciation and amortization	$	31,553	1,170
Equity	$	1,165,488	54,338
2013
Revenues from unaffiliated customers	$	1,561,468	215,968
Transfers between geographic areas	89,570		11,038
Total revenues	$	1,651,038	227,006
Net revenues¹	$	770,519	102,864
Operating income	$	195,799	35,224
Identifiable assets at year end	$	1,582,557	104,735
Capital expenditures	$	28,699	1,870
Depreciation and amortization	$	29,569	882
Equity	$	1,330,262	72,772
2012
Revenues from unaffiliated customers	$	1,529,917	201,521
Transfers between geographic areas	94,521		10,476
Total revenues	$	1,624,438	211,997
Net revenues¹	$	748,320	95,798
Operating income	$	179,015	32,385
Identifiable assets at year end	$	1,459,425	92,075
Capital expenditures	$	28,088	832
Depreciation and amortization	$	23,678	756
Equity	$	1,197,239	58,071



	Latin America	Asia Pacific	Europe	Middle East, Africa and India	Eliminations		Consolidated
2014
Revenues from unaffiliated customers	89,058	3,233,539	1,012,389	316,181	—		6,564,721
Transfers between geographic areas	20,634	49,599	39,541	19,654	(237,347	)	—
Total revenues	109,692	3,283,138	1,051,930	335,835	(237,347	)	6,564,721
Net revenues¹	65,016	570,793	313,325	100,551	—		1,981,427
Operating income	19,855	230,092	62,101	24,959	—		594,648
Identifiable assets at year end	53,815	655,148	447,349	208,684	5,987		2,890,905
Capital expenditures	1,574	9,073	4,246	1,530	—		37,472
Depreciation and amortization	911	8,233	5,690	1,735	—		49,292
Equity	34,386	361,529	169,117	121,520	(34,770	)	1,871,608
2013
Revenues from unaffiliated customers	86,050	3,046,039	876,967	293,765	—		6,080,257
Transfers between geographic areas	21,711	46,578	38,728	16,698	(224,323	)	—
Total revenues	107,761	3,092,617	915,695	310,463	(224,323	)	6,080,257
Net revenues¹	61,478	560,900	288,407	98,685	—		1,882,853
Operating income	15,734	223,980	53,294	28,042	—		552,073
Identifiable assets at year end	58,027	668,032	414,710	180,646	6,105		3,014,812
Capital expenditures	1,010	17,231	3,313	1,288	—		53,411
Depreciation and amortization	901	8,381	6,569	1,769	—		48,071
Equity	29,590	406,728	178,729	102,628	(34,378	)	2,086,331
2012
Revenues from unaffiliated customers	82,337	3,059,070	833,688	285,682	—		5,992,215
Transfers between geographic areas	18,780	43,602	40,077	16,961	(224,417	)	—
Total revenues	101,117	3,102,672	873,765	302,643	(224,417	)	5,992,215
Net revenues¹	57,795	548,858	285,175	99,424	—		1,835,370
Operating income	17,356	215,351	58,790	27,901	—		530,798
Identifiable assets at year end	48,995	774,569	392,180	186,077	804		2,954,125
Capital expenditures	1,301	11,199	4,490	1,716	—		47,626
Depreciation and amortization	873	6,782	5,962	1,889	—		39,940
Equity	29,504	536,384	150,264	94,764	(33,656	)	2,032,570

Schedule of Net Revenues Calculation

The following table presents the calculation of net revenues:



Years ended December 31,	2014		2013	2012
Revenues:
Total revenues	$	6,564,721	6,080,257	5,992,215
Expenses:
Airfreight services	2,103,777		1,994,374	1,983,696
Ocean freight and ocean services	1,712,795		1,521,340	1,542,170
Customs brokerage and other services	766,722		681,690	630,979
Net revenues	$	1,981,427	1,882,853	1,835,370

Schedule of Revenues and Long-lived Assets Attributed to Material Foreign Countries

Other than the United States, only the People’s Republic of China, including Hong Kong, represented more than 10% of the Company’s total revenue, net revenue, total identifiable assets or equity in any period presented as noted in the table below.



	2014		2013		2012
Total revenues	33	%	33	%	34	%
Net revenues	16	%	16	%	16	%
Identifiable assets at year end	14	%	14	%	17	%
Equity	10	%	11	%	16	%

- 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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