OPERATING SEGMENT DATA (Tables)

3 Months Ended

Mar. 31, 2022

OPERATING SEGMENT DATA

Schedule of reportable operating segment information

	Three Months Ended
	March 31
	2022		2021
	(in thousands)
REVENUES
Asset-Based	$	705,311	$	556,292
ArcBest(1)		595,284		252,336
FleetNet		78,378		59,163
Other and eliminations		(43,899)		(38,578)
Total consolidated revenues	$	1,335,074	$	829,213
OPERATING EXPENSES
Asset-Based
Salaries, wages, and benefits	$	313,497	$	285,694
Fuel, supplies, and expenses		84,831		60,841
Operating taxes and licenses		12,493		12,248
Insurance		10,431		8,939
Communications and utilities		4,687		4,970
Depreciation and amortization		24,305		23,484
Rents and purchased transportation		102,985		75,588
Shared services		67,150		55,866
Gain on sale of property and equipment(2)		(2,695)		(8,695)
Innovative technology costs(3)		6,960		6,868
Other		633		434
Total Asset-Based		625,277		526,237
ArcBest(1)
Purchased transportation		508,380		210,995
Supplies and expenses		3,266		2,568
Depreciation and amortization		5,180		2,386
Shared services		50,197		26,072
Other		7,145		2,050
Total ArcBest		574,168		244,071
FleetNet		76,661		58,140
Other and eliminations		(35,960)		(31,426)
Total consolidated operating expenses	$	1,240,146	$	797,022
OPERATING INCOME
Asset-Based	$	80,034	$	30,055
ArcBest(1)		21,116		8,265
FleetNet		1,717		1,023
Other and eliminations		(7,939)		(7,152)
Total consolidated operating income	$	94,928	$	32,191
OTHER INCOME (COSTS)
Interest and dividend income	$	106	$	392
Interest and other related financing costs		(1,939)		(2,428)
Other, net(4)		(826)		1,192
Total other income (costs)		(2,659)		(844)
INCOME BEFORE INCOME TAXES	$	92,269	$	31,347

(1) The 2022 period includes the operations of MoLo, which was acquired on November 1, 2021.

(2) The 2021 period includes an $8.6 million gain on the sale of an unutilized service center property.

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

(4) Includes the components of net periodic benefit cost other than service cost related to the Company’s SBP and postretirement plans (see Note H) 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
	2022		2021
	(in thousands)
Revenues from customers
Asset-Based	$	675,518	$	529,724
ArcBest(1)		591,722		250,241
FleetNet		66,983		48,434
Other		851		814
Total consolidated revenues(1)	$	1,335,074	$	829,213
Intersegment revenues
Asset-Based	$	29,793	$	26,568
ArcBest		3,562		2,095
FleetNet		11,395		10,729
Other and eliminations		(44,750)		(39,392)
Total intersegment revenues	$	—	$	—
Total segment revenues
Asset-Based	$	705,311	$	556,292
ArcBest(1)		595,284		252,336
FleetNet		78,378		59,163
Other and eliminations		(43,899)		(38,578)
Total consolidated revenues(1)	$	1,335,074	$	829,213

(1) The 2022 period includes the operations of MoLo, which was acquired on November 1, 2021.

Schedule of consolidated operating expenses by component

	Three Months Ended
	March 31
	2022(1)		2021
	(in thousands)
OPERATING EXPENSES
Salaries, wages, and benefits	$	420,643	$	359,395
Rents, purchased transportation, and other costs of services		646,879		309,338
Fuel, supplies, and expenses		99,547		73,149
Depreciation and amortization(2)		34,823		30,354
Other		38,254		24,786
	$	1,240,146	$	797,022

(1) The 2022 period includes the operations of MoLo, which was acquired on November 1, 2021.

(2) Includes amortization of intangible assets.