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Business Segment Information (Tables)
9 Months Ended
Sep. 30, 2023
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information by Segment

Financial information regarding the Company’s operations by geographic area is as follows:

 

 

 

UNITED
STATES

 

OTHER
NORTH
AMERICA

 

 

LATIN
AMERICA

 

 

NORTH
ASIA

 

 

SOUTH
ASIA

 

 

EUROPE

 

 

MIDDLE
EAST,
AFRICA
AND
INDIA

 

 

ELIMI-
NATIONS

 

 

CONSOLI-
DATED

 

For the three months ended September 30, 2023:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$

784,503

 

 

106,293

 

 

 

47,327

 

 

 

515,340

 

 

 

207,006

 

 

 

410,904

 

 

 

119,849

 

 

 

(1,221

)

 

 

2,190,001

 

Directly related cost of transportation
   and other expenses
1

 

$

421,432

 

 

63,671

 

 

 

28,409

 

 

 

398,681

 

 

 

145,292

 

 

 

263,524

 

 

 

81,643

 

 

 

(541

)

 

 

1,402,111

 

Salaries and other operating expenses2

 

$

261,323

 

 

38,275

 

 

 

16,405

 

 

 

66,546

 

 

 

42,138

 

 

 

120,436

 

 

 

27,351

 

 

 

(653

)

 

 

571,821

 

Operating income

 

$

101,748

 

 

4,347

 

 

 

2,513

 

 

 

50,113

 

 

 

19,576

 

 

 

26,944

 

 

 

10,855

 

 

 

(27

)

 

 

216,069

 

Identifiable assets at period end

 

$

2,572,404

 

 

200,711

 

 

 

110,708

 

 

 

512,746

 

 

 

217,018

 

 

 

726,729

 

 

 

260,619

 

 

 

(22,814

)

 

 

4,578,121

 

Capital expenditures

 

$

3,762

 

 

302

 

 

 

84

 

 

 

168

 

 

 

409

 

 

 

1,369

 

 

 

1,899

 

 

 

 

 

 

7,993

 

Equity

 

$

1,797,123

 

 

46,264

 

 

 

54,096

 

 

 

225,229

 

 

 

91,712

 

 

 

154,617

 

 

 

161,882

 

 

 

(39,449

)

 

 

2,491,474

 

For the three months ended September 30, 2022:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$

1,244,515

 

 

140,622

 

 

 

68,057

 

 

 

1,489,331

 

 

 

518,780

 

 

 

637,411

 

 

 

264,518

 

 

 

(1,088

)

 

 

4,362,146

 

Directly related cost of transportation
   and other expenses
1

 

$

742,826

 

 

80,116

 

 

 

41,638

 

 

 

1,250,872

 

 

 

416,817

 

 

 

453,248

 

 

 

209,248

 

 

 

(492

)

 

 

3,194,273

 

Salaries and other operating expenses2

 

$

314,442

 

 

30,151

 

 

 

15,057

 

 

 

98,758

 

 

 

37,577

 

 

 

109,308

 

 

 

36,181

 

 

 

(524

)

 

 

640,950

 

Operating income

 

$

187,247

 

 

30,355

 

 

 

11,362

 

 

 

139,701

 

 

 

64,386

 

 

 

74,855

 

 

 

19,089

 

 

 

(72

)

 

 

526,923

 

Identifiable assets at period end

 

$

3,553,279

 

 

272,527

 

 

 

137,472

 

 

 

915,895

 

 

 

421,148

 

 

 

1,020,756

 

 

 

322,160

 

 

 

(35,711

)

 

 

6,607,526

 

Capital expenditures

 

$

9,278

 

 

556

 

 

 

419

 

 

 

581

 

 

 

426

 

 

 

3,619

 

 

 

1,049

 

 

 

 

 

 

15,928

 

Equity

 

$

2,430,632

 

 

129,346

 

 

 

59,494

 

 

 

304,496

 

 

 

180,855

 

 

 

289,595

 

 

 

140,147

 

 

 

(43,172

)

 

 

3,491,393

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

UNITED
STATES

 

OTHER
NORTH
AMERICA

 

 

LATIN
AMERICA

 

 

NORTH
ASIA

 

 

SOUTH
ASIA

 

 

EUROPE

 

 

MIDDLE
EAST,
AFRICA
AND
INDIA

 

 

ELIMI-
NATIONS

 

 

CONSOLI-
DATED

 

For the nine months ended September 30, 2023:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$

2,535,945

 

 

326,398

 

 

 

151,994

 

 

 

1,607,788

 

 

 

631,001

 

 

 

1,386,284

 

 

 

386,524

 

 

 

(3,592

)

 

 

7,022,342

 

Directly related cost of transportation
   and other expenses
1

 

$

1,387,511

 

 

201,984

 

 

 

90,139

 

 

 

1,238,996

 

 

 

437,392

 

 

 

924,592

 

 

 

261,482

 

 

 

(1,700

)

 

 

4,540,396

 

Salaries and other operating expenses2

 

$

785,282

 

 

108,892

 

 

 

52,172

 

 

 

205,976

 

 

 

132,984

 

 

 

373,004

 

 

 

85,003

 

 

 

(1,902

)

 

 

1,741,411

 

Operating income

 

$

363,152

 

 

15,522

 

 

 

9,683

 

 

 

162,816

 

 

 

60,625

 

 

 

88,688

 

 

 

40,039

 

 

 

10

 

 

 

740,535

 

Identifiable assets at period end

 

$

2,572,404

 

 

200,711

 

 

 

110,708

 

 

 

512,746

 

 

 

217,018

 

 

 

726,729

 

 

 

260,619

 

 

 

(22,814

)

 

 

4,578,121

 

Capital expenditures

 

$

15,829

 

 

932

 

 

 

360

 

 

 

1,110

 

 

 

744

 

 

 

6,688

 

 

 

2,937

 

 

 

 

 

 

28,600

 

Equity

 

$

1,797,123

 

 

46,264

 

 

 

54,096

 

 

 

225,229

 

 

 

91,712

 

 

 

154,617

 

 

 

161,882

 

 

 

(39,449

)

 

 

2,491,474

 

For the nine months ended September 30, 2022:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$

3,751,102

 

 

390,220

 

 

 

191,900

 

 

 

4,840,822

 

 

 

1,776,355

 

 

 

1,871,509

 

 

 

811,147

 

 

 

(3,299

)

 

 

13,629,756

 

Directly related cost of transportation
   and other expenses
1

 

$

2,303,428

 

 

230,154

 

 

 

118,793

 

 

 

4,054,319

 

 

 

1,463,173

 

 

 

1,335,267

 

 

 

647,510

 

 

 

(1,312

)

 

 

10,151,332

 

Salaries and other operating expenses2

 

$

962,817

 

 

86,328

 

 

 

42,654

 

 

 

326,767

 

 

 

121,634

 

 

 

333,971

 

 

 

111,481

 

 

 

(1,893

)

 

 

1,983,759

 

Operating income

 

$

484,857

 

 

73,738

 

 

 

30,453

 

 

 

459,736

 

 

 

191,548

 

 

 

202,271

 

 

 

52,156

 

 

 

(94

)

 

 

1,494,665

 

Identifiable assets at period end

 

$

3,553,279

 

 

272,527

 

 

 

137,472

 

 

 

915,895

 

 

 

421,148

 

 

 

1,020,756

 

 

 

322,160

 

 

 

(35,711

)

 

 

6,607,526

 

Capital expenditures

 

$

45,149

 

 

2,672

 

 

 

705

 

 

 

1,878

 

 

 

1,152

 

 

 

13,343

 

 

 

3,599

 

 

 

 

 

 

68,498

 

Equity

 

$

2,430,632

 

 

129,346

 

 

 

59,494

 

 

 

304,496

 

 

 

180,855

 

 

 

289,595

 

 

 

140,147

 

 

 

(43,172

)

 

 

3,491,393

 

1Directly related cost of transportation and other expenses totals operating expenses from airfreight services, ocean freight and ocean services and customs brokerage and other services as shown in the condensed consolidated statements of earnings.

2Salaries and other operating expenses totals salaries and related, rent and occupancy, depreciation and amortization, selling and promotion and other as shown in the condensed consolidated statements of earnings.