OPERATING SEGMENT DATA (Tables)

3 Months Ended

Mar. 31, 2021

OPERATING SEGMENT DATA

Schedule of reportable operating segment information

	Three Months Ended
	March 31
	2021		2020
	(in thousands)
REVENUES
Asset-Based	$	556,292	$	515,713
ArcBest		252,336		164,775
FleetNet		59,163		52,439
Other and eliminations		(38,578)		(31,528)
Total consolidated revenues	$	829,213	$	701,399
OPERATING EXPENSES
Asset-Based
Salaries, wages, and benefits	$	285,694	$	283,838
Fuel, supplies, and expenses		60,841		61,225
Operating taxes and licenses		12,248		12,794
Insurance		8,939		7,824
Communications and utilities		4,970		4,711
Depreciation and amortization		23,484		23,270
Rents and purchased transportation		75,588		55,770
Shared services		55,866		48,885
Gain on sale of property and equipment(1)		(8,695)		(2,164)
Innovative technology costs(2)		6,868		4,533
Other		434		1,787
Total Asset-Based		526,237		502,473
ArcBest
Purchased transportation		210,995		137,182
Supplies and expenses		2,568		2,280
Depreciation and amortization		2,386		2,470
Shared services		26,072		21,727
Other		2,050		2,525
Total ArcBest		244,071		166,184
FleetNet		58,140		51,399
Other and eliminations		(31,426)		(26,476)
Total consolidated operating expenses	$	797,022	$	693,580
OPERATING INCOME
Asset-Based	$	30,055	$	13,240
ArcBest		8,265		(1,409)
FleetNet		1,023		1,040
Other and eliminations		(7,152)		(5,052)
Total consolidated operating income	$	32,191	$	7,819
OTHER INCOME (COSTS)
Interest and dividend income	$	392	$	1,375
Interest and other related financing costs		(2,428)		(2,947)
Other, net(3)		1,192		(3,862)
Total other income (costs)		(844)		(5,434)
INCOME BEFORE INCOME TAXES	$	31,347	$	2,385

(1) The three months ended March 31, 2021 includes an $8.6 million gain on the sale of an unutilized service center property.

(2) Represents costs associated with the freight handling pilot test program at ABF Freight.

(3) Includes the components of net periodic benefit cost other than service cost related to the Company’s SBP and postretirement plans (see Note G) and proceeds and changes in cash surrender value of life insurance policies.

Schedule of revenues from customers and intersegment revenues

	Three Months Ended
	March 31
	2021		2020
	(in thousands)
Revenues from customers
Asset-Based	$	529,724	$	495,728
ArcBest		250,241		162,948
FleetNet		48,434		41,744
Other		814		979
Total consolidated revenues	$	829,213	$	701,399
Intersegment revenues
Asset-Based	$	26,568	$	19,985
ArcBest		2,095		1,827
FleetNet		10,729		10,695
Other and eliminations		(39,392)		(32,507)
Total intersegment revenues	$	—	$	—
Total segment revenues
Asset-Based	$	556,292	$	515,713
ArcBest		252,336		164,775
FleetNet		59,163		52,439
Other and eliminations		(38,578)		(31,528)
Total consolidated revenues	$	829,213	$	701,399

Schedule of consolidated operating expenses by component

	Three Months Ended
	March 31
	2021		2020
	(in thousands)
OPERATING EXPENSES
Salaries, wages, and benefits	$	359,395	$	344,946
Rents, purchased transportation, and other costs of services		309,338		217,028
Fuel, supplies, and expenses		73,149		71,773
Depreciation and amortization(1)		30,354		29,013
Other		24,786		30,820
	$	797,022	$	693,580

(1) Includes amortization of intangible assets.