Attached files
| file | filename |
|---|---|
| EX-99.1 - ARCBEST CORP /DE/ | arcb-20170207ex991f6c998.htm |
| 8-K - ARCBEST CORP /DE/ | arcb-20170207x8k.htm |
Exhibit 99.2
ARCBEST CORPORATION
SUPPLEMENTAL SEGMENT INFORMATION FOR 2016
|
|
|
Three Months |
|
Three Months |
|
Three Months |
|
Three Months |
|
||||
|
|
|
Ended |
|
Ended |
|
Ended |
|
Ended |
|
||||
|
|
|
March 31(1) |
|
June 30(1) |
|
September 30(1) |
|
December 31 |
|
||||
|
|
|
2016 |
|
2016 |
|
2016 |
|
2016 |
|
||||
|
|
|
Unaudited |
|
||||||||||
|
|
|
($ thousands) |
|
||||||||||
|
REVENUES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Asset-Based |
|
$ |
439,063 |
|
$ |
486,251 |
|
$ |
509,001 |
|
$ |
482,079 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ArcBest |
|
|
142,397 |
|
|
154,347 |
|
|
170,991 |
|
|
172,999 |
|
|
FleetNet |
|
|
43,564 |
|
|
41,780 |
|
|
39,073 |
|
|
38,212 |
|
|
Total Asset-Light |
|
|
185,961 |
|
|
196,127 |
|
|
210,064 |
|
|
211,211 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other and eliminations |
|
|
(3,569) |
|
|
(5,751) |
|
|
(5,142) |
|
|
(5,076) |
|
|
Total consolidated revenues |
|
$ |
621,455 |
|
$ |
676,627 |
|
$ |
713,923 |
|
$ |
688,214 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
OPERATING EXPENSES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Asset-Based |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Salaries, wages, and benefits |
|
$ |
296,162 |
|
$ |
303,214 |
|
$ |
312,008 |
|
$ |
301,027 |
|
|
Fuel, supplies, and expenses |
|
|
66,689 |
|
|
72,279 |
|
|
71,773 |
|
|
71,886 |
|
|
Operating taxes and licenses |
|
|
11,980 |
|
|
12,154 |
|
|
12,312 |
|
|
11,990 |
|
|
Insurance |
|
|
6,466 |
|
|
7,660 |
|
|
8,487 |
|
|
6,722 |
|
|
Communications and utilities |
|
|
4,372 |
|
|
4,279 |
|
|
4,608 |
|
|
4,820 |
|
|
Depreciation and amortization |
|
|
20,392 |
|
|
20,911 |
|
|
20,753 |
|
|
21,514 |
|
|
Rents and purchased transportation |
|
|
39,696 |
|
|
47,800 |
|
|
58,350 |
|
|
53,310 |
|
|
Gain on sale of property and equipment |
|
|
(172) |
|
|
(2,197) |
|
|
(81) |
|
|
(529) |
|
|
Pension settlement expense |
|
|
677 |
|
|
424 |
|
|
604 |
|
|
569 |
|
|
Other |
|
|
1,800 |
|
|
2,355 |
|
|
2,137 |
|
|
2,449 |
|
|
Restructuring costs |
|
|
— |
|
|
— |
|
|
— |
|
|
1,173 |
|
|
Total Asset-Based |
|
|
448,062 |
|
|
468,879 |
|
|
490,951 |
|
|
474,931 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ArcBest |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Purchased transportation |
|
|
111,831 |
|
|
121,502 |
|
|
132,891 |
|
|
135,629 |
|
|
Salaries, wages, and benefits |
|
|
18,581 |
|
|
17,668 |
|
|
17,782 |
|
|
16,826 |
|
|
Supplies and expenses |
|
|
4,418 |
|
|
4,641 |
|
|
5,210 |
|
|
5,010 |
|
|
Depreciation and amortization |
|
|
3,465 |
|
|
3,475 |
|
|
3,698 |
|
|
3,513 |
|
|
Other |
|
|
4,094 |
|
|
4,888 |
|
|
5,141 |
|
|
5,569 |
|
|
Restructuring costs |
|
|
— |
|
|
— |
|
|
— |
|
|
8,038 |
|
|
|
|
|
142,389 |
|
|
152,174 |
|
|
164,722 |
|
|
174,585 |
|
|
FleetNet |
|
|
42,580 |
|
|
41,184 |
|
|
38,952 |
|
|
37,488 |
|
|
Total Asset-Light |
|
|
184,969 |
|
|
193,358 |
|
|
203,674 |
|
|
212,073 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other and eliminations |
|
|
(2,311) |
|
|
(2,264) |
|
|
(1,072) |
|
|
(1) |
|
|
Total consolidated operating expenses and costs |
|
$ |
630,720 |
|
$ |
659,973 |
|
$ |
693,553 |
|
$ |
687,003 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
OPERATING INCOME |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Asset-Based |
|
$ |
(8,999) |
|
$ |
17,372 |
|
$ |
18,050 |
|
$ |
7,148 |
|
|
ArcBest |
|
|
8 |
|
|
2,173 |
|
|
6,269 |
|
|
(1,586) |
|
|
FleetNet |
|
|
984 |
|
|
596 |
|
|
121 |
|
|
724 |
|
|
Other |
|
|
(1,258) |
|
|
(3,487) |
|
|
(4,070) |
|
|
(5,075) |
|
|
Total consolidated operating income |
|
$ |
(9,265) |
|
$ |
16,654 |
|
$ |
20,370 |
|
$ |
1,211 |
|
|
(1) |
Certain restatements have been made to the prior periods operating segment data to conform to the current period presentation, reflecting the realignment of the Company’s organizational structure as discussed in Exhibit 99.1 to the Form 8-K dated February 8, 2017. |
Exhibit 99.2
ARCBEST CORPORATION
SUPPLEMENTAL SEGMENT INFORMATION FOR 2015
|
|
|
Three Months |
|
Three Months |
|
Three Months |
|
Three Months |
|
||||
|
|
|
Ended |
|
Ended |
|
Ended |
|
Ended |
|
||||
|
|
|
March 31(1) |
|
June 30(1) |
|
September 30(1) |
|
December 31(1) |
|
||||
|
|
|
2015 |
|
2015 |
|
2015 |
|
2015 |
|
||||
|
|
|
Unaudited |
|
||||||||||
|
|
|
($ thousands) |
|
||||||||||
|
REVENUES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Asset-Based |
|
$ |
440,812 |
|
$ |
503,902 |
|
$ |
510,849 |
|
$ |
461,016 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ArcBest |
|
|
132,729 |
|
|
153,791 |
|
|
157,730 |
|
|
146,186 |
|
|
FleetNet |
|
|
42,489 |
|
|
42,015 |
|
|
45,181 |
|
|
45,267 |
|
|
Total Asset-Light |
|
|
175,218 |
|
|
195,806 |
|
|
202,911 |
|
|
191,453 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other and eliminations |
|
|
(2,754) |
|
|
(3,593) |
|
|
(4,380) |
|
|
(4,335) |
|
|
Total consolidated revenues |
|
$ |
613,276 |
|
$ |
696,115 |
|
$ |
709,380 |
|
$ |
648,134 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
OPERATING EXPENSES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Asset-Based |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Salaries, wages, and benefits |
|
$ |
277,976 |
|
$ |
301,171 |
|
$ |
304,369 |
|
$ |
288,973 |
|
|
Fuel, supplies, and expenses |
|
|
79,026 |
|
|
79,646 |
|
|
77,707 |
|
|
70,966 |
|
|
Operating taxes and licenses |
|
|
11,996 |
|
|
12,322 |
|
|
12,444 |
|
|
12,230 |
|
|
Insurance |
|
|
5,785 |
|
|
6,267 |
|
|
8,288 |
|
|
8,507 |
|
|
Communications and utilities |
|
|
3,985 |
|
|
3,766 |
|
|
3,808 |
|
|
4,570 |
|
|
Depreciation and amortization |
|
|
17,400 |
|
|
18,286 |
|
|
18,841 |
|
|
20,238 |
|
|
Rents and purchased transportation |
|
|
41,844 |
|
|
52,380 |
|
|
56,920 |
|
|
45,929 |
|
|
Gain on sale of property and equipment |
|
|
(244) |
|
|
(594) |
|
|
(565) |
|
|
(332) |
|
|
Pension settlement expense |
|
|
840 |
|
|
448 |
|
|
572 |
|
|
544 |
|
|
Other |
|
|
2,161 |
|
|
2,118 |
|
|
1,888 |
|
|
1,666 |
|
|
Total Asset-Based |
|
|
440,769 |
|
|
475,810 |
|
|
484,272 |
|
|
453,291 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ArcBest |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Purchased transportation |
|
|
104,803 |
|
|
119,137 |
|
|
122,726 |
|
|
113,572 |
|
|
Salaries, wages, and benefits |
|
|
14,964 |
|
|
14,933 |
|
|
15,502 |
|
|
17,039 |
|
|
Supplies and expenses |
|
|
3,361 |
|
|
3,544 |
|
|
4,009 |
|
|
4,586 |
|
|
Depreciation and amortization |
|
|
3,421 |
|
|
3,378 |
|
|
3,222 |
|
|
3,354 |
|
|
Other |
|
|
4,740 |
|
|
4,357 |
|
|
4,925 |
|
|
4,071 |
|
|
|
|
|
131,289 |
|
|
145,349 |
|
|
150,384 |
|
|
142,622 |
|
|
FleetNet |
|
|
41,319 |
|
|
40,998 |
|
|
44,225 |
|
|
45,456 |
|
|
Total Asset-Light |
|
|
172,608 |
|
|
186,347 |
|
|
194,609 |
|
|
188,078 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other and eliminations |
|
|
(1,381) |
|
|
492 |
|
|
(2,939) |
|
|
(547) |
|
|
Total consolidated operating expenses and costs |
|
$ |
611,996 |
|
$ |
662,649 |
|
$ |
675,942 |
|
$ |
640,822 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
OPERATING INCOME |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Asset-Based |
|
$ |
43 |
|
$ |
28,092 |
|
$ |
26,577 |
|
$ |
7,725 |
|
|
ArcBest |
|
|
1,440 |
|
|
8,442 |
|
|
7,346 |
|
|
3,564 |
|
|
FleetNet |
|
|
1,170 |
|
|
1,017 |
|
|
956 |
|
|
(189) |
|
|
Other |
|
|
(1,373) |
|
|
(4,085) |
|
|
(1,441) |
|
|
(3,788) |
|
|
Total consolidated operating income |
|
$ |
1,280 |
|
$ |
33,466 |
|
$ |
33,438 |
|
$ |
7,312 |
|
|
(1) |
Certain restatements have been made to the prior periods operating segment data to conform to the current period presentation, reflecting the realignment of the Company’s organizational structure as discussed in Exhibit 99.1 to the Form 8-K dated February 8, 2017. |