Exhibit 99.2
QUARTERLY FINANCIAL INFORMATION BY SEGMENT (UNAUDITED)
FOR THE THREE YEAR PERIOD ENDED DECEMBER 31, 2012
(Amounts in thousands)
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Three Months Ended | | | Years Ended December 31, | |
| | 3/31/2010 | | | 6/30/2010 | | | 9/30/2010 | | | 12/31/2010 | | | 3/31/2011 | | | 6/30/2011 | | | 9/30/2011 | | | 12/31/2011 | | | 3/31/2012 | | | 6/30/2012 | | | 9/30/2012 | | | 12/31/2012 | | | 2010 | | | 2011 | | | 2012 | |
Operating revenue: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Truckload | | $ | 466,061 | | | | 526,301 | | | | 538,127 | | | | 548,198 | | | | 543,883 | | | | 611,985 | | | | 606,990 | | | | 573,198 | | | | 551,247 | | | | 575,193 | | | | 564,802 | | | | 591,100 | | | $ | 2,078,687 | | | | 2,336,056 | | | | 2,282,342 | |
Dedicated | | | 119,899 | | | | 128,583 | | | | 130,182 | | | | 135,341 | | | | 137,485 | | | | 154,225 | | | | 158,922 | | | | 174,636 | | | | 171,539 | | | | 181,873 | | | | 182,843 | | | | 188,150 | | | | 514,005 | | | | 625,268 | | | | 724,405 | |
Intermodal | | | 43,383 | | | | 52,372 | | | | 58,864 | | | | 57,666 | | | | 47,525 | | | | 54,344 | | | | 63,176 | | | | 72,830 | | | | 69,045 | | | | 81,120 | | | | 86,063 | | | | 97,710 | | | | 212,285 | | | | 237,875 | | | | 333,938 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Subtotal | | | 629,343 | | | | 707,256 | | | | 727,173 | | | | 741,205 | | | | 728,893 | | | | 820,554 | | | | 829,088 | | | | 820,664 | | | | 791,831 | | | | 838,186 | | | | 833,708 | | | | 876,960 | | | | 2,804,977 | | | | 3,199,199 | | | | 3,340,685 | |
Nonreportable segments (a) | | | 30,250 | | | | 32,116 | | | | 34,745 | | | | 45,863 | | | | 43,798 | | | | 46,355 | | | | 49,232 | | | | 53,602 | | | | 52,331 | | | | 49,162 | | | | 50,828 | | | | 58,791 | | | | 142,974 | | | | 192,987 | | | | 211,112 | |
Intersegment eliminations | | | (4,763 | ) | | | (3,187 | ) | | | (3,637 | ) | | | (6,641 | ) | | | (13,802 | ) | | | (16,439 | )�� | | | (14,494 | ) | | | (13,543 | ) | | | (17,277 | ) | | | (14,764 | ) | | | (13,442 | ) | | | (13,132 | ) | | | (18,228 | ) | | | (58,278 | ) | | | (58,615 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Consolidated operating revenue | | $ | 654,830 | | | | 736,185 | | | | 758,281 | | | | 780,427 | | | | 758,889 | | | | 850,470 | | | | 863,826 | | | | 860,723 | | | | 826,885 | | | | 872,584 | | | | 871,094 | | | | 922,619 | | | $ | 2,929,723 | | | | 3,333,908 | | | | 3,493,182 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Operating income (loss): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Truckload | | $ | 24,810 | | | | 42,534 | | | | 58,406 | | | | 67,739 | | | | 28,831 | | | | 57,322 | | | | 68,506 | | | | 68,295 | | | | 46,554 | | | | 67,994 | | | | 53,818 | | | | 77,639 | | | $ | 193,489 | | | | 222,954 | | | | 246,005 | |
Dedicated | | | 14,833 | | | | 15,730 | | | | 16,076 | | | | 19,934 | | | | 13,430 | | | | 16,891 | | | | 18,140 | | | | 21,292 | | | | 14,507 | | | | 18,515 | | | | 17,082 | | | | 23,922 | | | | 66,573 | | | | 69,753 | | | | 74,026 | |
Intermodal (b) | | | (883 | ) | | | 267 | | | | 4,076 | | | | 2,367 | | | | 734 | | | | (804 | ) | | | 339 | | | | 2,877 | | | | (4,027 | ) | | | 123 | | | | (2,505 | ) | | | (445 | ) (b) | | | 5,827 | | | | 3,146 | | | | (6,854 | ) (b) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Subtotal | | | 38,760 | | | | 58,531 | | | | 78,558 | | | | 90,040 | | | | 42,995 | | | | 73,409 | | | | 86,985 | | | | 92,464 | | | | 57,034 | | | | 86,632 | | | | 68,395 | | | | 101,116 | | | | 265,889 | | | | 295,853 | | | | 313,177 | |
Nonreportable segments (a) | | | (15,567 | ) | | | 2,658 | | | | 3,542 | | | | (13,467 | ) | | | 3,734 | | | | (842 | ) | | | 2,712 | | | | 4,556 | | | | 868 | | | | 45 | | | | 1,962 | | | | 5,994 | | | | (22,834 | ) | | | 10,160 | | | | 8,869 | |
Intersegment eliminations | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Consolidated operating income | | $ | 23,193 | | | | 61,189 | | | | 82,100 | | | | 76,573 | | | | 46,729 | | | | 72,567 | | | | 89,697 | | | | 97,020 | | | | 57,902 | | | | 86,677 | | | | 70,357 | | | | 107,110 | | | $ | 243,055 | | | | 306,013 | | | | 322,046 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Operating Ratio | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Truckload | | | 94.7 | % | | | 91.9 | % | | | 89.1 | % | | | 87.6 | % | | | 94.7 | % | | | 90.6 | % | | | 88.7 | % | | | 88.1 | % | | | 91.6 | % | | | 88.2 | % | | | 90.5 | % | | | 86.9 | % | | | 90.7 | % | | | 90.5 | % | | | 89.2 | % |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Dedicated | | | 87.6 | % | | | 87.8 | % | | | 87.7 | % | | | 85.3 | % | | | 90.2 | % | | | 89.0 | % | | | 88.6 | % | | | 87.8 | % | | | 91.5 | % | | | 89.8 | % | | | 90.7 | % | | | 87.3 | % | | | 87.0 | % | | | 88.8 | % | | | 89.8 | % |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Intermodal (b) | | | 102.0 | % | | | 99.5 | % | | | 93.1 | % | | | 95.9 | % | | | 98.5 | % | | | 101.5 | % | | | 99.5 | % | | | 96.0 | % | | | 105.8 | % | | | 99.8 | % | | | 102.9 | % | | | 100.5 | % (b) | | | 97.3 | % | | | 98.7 | % | | | 102.1 | % (b) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Adjusted Operating Ratio (c): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Truckload | | | 93.8 | % | | | 90.3 | % | | | 87.1 | % | | | 85.2 | % | | | 93.4 | % | | | 88.0 | % | | | 85.6 | % | | | 85.0 | % | | | 89.3 | % | | | 84.9 | % | | | 88.0 | % | | | 83.3 | % | | | 88.9 | % | | | 87.9 | % | | | 86.3 | % |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Dedicated | | | 86.0 | % | | | 86.0 | % | | | 86.0 | % | | | 83.0 | % | | | 88.4 | % | | | 86.4 | % | | | 86.0 | % | | | 85.1 | % | | | 89.7 | % | | | 87.4 | % | | | 88.6 | % | | | 84.3 | % | | | 85.2 | % | | | 86.4 | % | | | 87.5 | % |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Intermodal (b) | | | 102.4 | % | | | 99.4 | % | | | 91.7 | % | | | 95.1 | % | | | 98.1 | % | | | 101.9 | % | | | 99.3 | % | | | 95.0 | % | | | 107.4 | % | | | 99.8 | % | | | 103.7 | % | | | 100.6 | % (b) | | | 96.7 | % | | | 98.3 | % | | | 102.6 | % (b) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
(a) | Our nonreportable segments are comprised of our freight brokerage and logistics management services, IEL, insurance and shop activities. |
(b) | During 2012, our Intermodal reportable segment incurred an increase in its insurance and claims expense primarily related to one claim associated with a drayage accident, which increased the Intermodal Operating Ratio by approximately 430 to 520 basis points and 310 to 350 basis points for the three months and year ended December 31, 2012, respectively and increased the Intermodal Adjusted Operating Ratio by approximately 550 to 660 basis points and 400 to 440 basis points for the three months and year ended December 31, 2012, respectively, as compared to the two preceding years. |
(c) | See our reconciliation of Adjusted Operating Ratio by Segment at the schedule titled “Adjusted Operating Income and Operating Ratio Reconciliation by Segment”. |