Business Segment Information (Tables)

12 Months Ended

Dec. 31, 2021

Schedule of Segment Reporting Information, by Segment

Financial information regarding 2021, 2020 and 2019 operations by the Company’s designated geographic areas is as follows:

	UNITED STATES		OTHER NORTH AMERICA		LATIN AMERICA		NORTH ASIA		SOUTH ASIA		EUROPE		MIDDLE EAST, AFRICA AND INDIA		ELIM-INATIONS			CONSOL-IDATED
2021
Revenues³	$	4,344,825		440,226		209,161		6,363,054		2,046,569		2,258,911		865,509		(4,738	)		16,523,517
Directly related cost of transportation and other expenses ^{1, 3}	$	2,491,947		245,842		125,940		5,295,612		1,666,792		1,558,705		675,303		(1,986	)		12,058,155
Salaries and other operating expenses ²	$	1,019,236		123,147		57,779		515,703		204,574		494,760		143,581		(2,744	)		2,556,036
Operating income	$	833,642		71,237		25,442		551,739		175,203		205,446		46,625		(8	)		1,909,326
Identifiable assets at period end	$	3,699,748		265,872		122,327		1,587,659		572,980		1,089,963		350,843		(79,463	)		7,609,929
Capital expenditures	$	19,527		983		471		1,786		2,057		9,507		1,916		—			36,247
Depreciation and amortization	$	29,826		1,780		1,079		5,047		1,965		9,228		2,387		—			51,312
Equity	$	2,599,804		111,952		41,743		224,765		140,129		294,348		123,598		(38,348	)		3,497,991
2020
Revenues³	$	2,776,537		325,878		156,163		3,425,510		961,989		1,455,746		486,331		(3,761	)		9,584,393
Directly related cost of transportation and other expenses ^{1, 3}	$	1,568,452		190,326		93,249		2,744,264		711,004		992,357		359,002		(1,952	)		6,656,702
Salaries and other operating expenses ²	$	877,117		100,687		48,114		332,978		149,269		375,900		104,968		(1,779	)		1,987,254
Operating income	$	330,968		34,865		14,800		348,268		101,716		87,489		22,361		(30	)		940,437
Identifiable assets at period end	$	2,532,324		186,204		85,085		876,856		272,106		752,589		240,984		(18,645	)		4,927,503
Capital expenditures	$	31,604		1,886		564		2,202		2,264		6,394		2,629		—			47,543
Depreciation and amortization	$	37,081		1,946		1,194		4,961		1,876		8,029		1,872		—			56,959
Equity	$	1,928,945		67,243		32,273		241,155		121,411		196,637		114,369		(38,806	)		2,663,227
2019
Revenues³	$	2,720,923		345,800		151,972		2,323,959		725,039		1,239,026		439,064		(3,366	)		7,942,417
Directly related cost of transportation and other expenses ^{1, 3}	$	1,537,671		203,764		89,067		1,800,065		526,506		843,325		307,574		(2,023	)		5,305,949
Salaries and other operating expenses²	$	859,946		101,654		55,512		271,594		127,478		342,073		112,844		(1,325	)		1,869,776
Operating income	$	323,306		40,382		7,393		252,300		71,055		53,628		18,646		(18	)		766,692
Identifiable assets at period end	$	1,978,307		153,813		72,677		538,526		178,336		551,576		219,953		(1,304	)		3,691,884
Capital expenditures	$	28,666		2,353		1,556		1,767		1,558		9,231		1,891		—			47,022
Depreciation and amortization	$	31,049		1,881		1,489		5,263		1,912		7,398		1,958		—			50,950
Equity	$	1,521,059		65,100		29,148		247,725		94,727		159,308		114,726		(34,574	)		2,197,219

¹	Directly 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 consolidated statements of earnings.

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

³	See Note 11 – Correction of Immaterial Errors.

Schedule of Revenues Operating Income 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, total operating income, total identifiable assets or equity in any period presented as noted in the table below.

	2021			2020			2019
Revenues¹		31	%		29	%		25	%
Operating income		22	%		29	%		27	%
Identifiable assets at year end		17	%		14	%		12	%
Equity		4	%		6	%		9	%
¹See Note 11 – Correction of Immaterial Errors