| Schedule of reportable segment financial information |
Reportable segment financial information for the three months ended June 30, 2025 and 2024 are as follows: | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | Three Months Ended | | | June 30, 2025 | | June 30, 2024 | (In millions) | | Ocean Transportation | | Logistics | | Total | | Ocean Transportation | | Logistics | | Total | Operating Revenue (1)(2) | | $ | 675.6 | | $ | 154.9 | | $ | 830.5 | | $ | 689.9 | | $ | 157.5 | | $ | 847.4 | | | | | | | | | | | | | | | | | | | | Operating Expenses: | | | | | | | | | | | | | | | | | | | Operating costs: | | | | | | | | | | | | | | | | | | | Direct cargo expense | | | 249.7 | | | — | | | 249.7 | | | 245.0 | | | — | | | 245.0 | Vessel operating expense | | | 150.6 | | | — | | | 150.6 | | | 156.8 | | | — | | | 156.8 | Operating overhead (3) | | | 86.5 | | | — | | | 86.5 | | | 82.6 | | | — | | | 82.6 | Direct operating costs | | | — | | | 122.4 | | | 122.4 | | | — | | | 124.1 | | | 124.1 | Depreciation and amortization | | | 37.9 | | | 3.3 | | | 41.2 | | | 34.9 | | | 3.5 | | | 38.4 | Total operating costs | | | 524.7 | | | 125.7 | | | 650.4 | | | 519.3 | | | 127.6 | | | 646.9 | Income from SSAT | | | (7.3) | | | — | | | (7.3) | | | (1.2) | | | — | | | (1.2) | General and administrative | | | 59.6 | | | 14.8 | | | 74.4 | | | 62.8 | | | 14.3 | | | 77.1 | Total Costs and Expenses | | | 577.0 | | | 140.5 | | | 717.5 | | | 580.9 | | | 141.9 | | | 722.8 | | | | | | | | | | | | | | | | | | | | Operating Income: | | $ | 98.6 | | $ | 14.4 | | | 113.0 | | $ | 109.0 | | $ | 15.6 | | | 124.6 | Interest income | | | | | | | | | 8.0 | | | | | | | | | 18.8 | Interest expense | | | | | | | | | (1.7) | | | | | | | | | (2.1) | Other income (expense), net | | | | | | | | | 2.4 | | | | | | | | | 1.8 | Income before Taxes | | | | | | | | | 121.7 | | | | | | | | | 143.1 | Income taxes | | | | | | | | | (27.0) | | | | | | | | | (29.9) | Net Income | | | | | | | | $ | 94.7 | | | | | | | | $ | 113.2 | | | | | | | | | | | | | | | | | | | | Capital Expenditures (4) | | $ | 85.1 | | $ | 1.2 | | $ | 86.3 | | $ | 67.9 | | $ | 1.9 | | $ | 69.8 |
| (1) | Ocean Transportation operating revenue excludes inter-segment revenue of $25.5 million and $22.8 million for the three months ended June 30, 2025 and 2024, respectively. |
| (2) | Logistics operating revenue excludes inter-segment revenue of $37.0 million and $39.0 million for the three months ended June 30, 2025 and 2024, respectively. |
| (3) | Ocean Transportation operating overhead includes dry-docking amortization of $7.0 million and $6.9 million for the three months ended June 30, 2025 and 2024, respectively. |
| (4) | Capital expenditures exclude accrued capital expenditures of $4.0 million and $15.3 million as of June 30, 2025 and 2024, respectively. |
Reportable segment financial information for the six months ended June 30, 2025 and 2024 are as follows: | | | | | | | | | | | | | | | | | | | | | Six Months Ended | | Six Months Ended | | | June 30, 2025 | | June 30, 2024 | (In millions) | | Ocean Transportation | | Logistics | | Total | | Ocean Transportation | | Logistics | | Total | Operating Revenue (5)(6) | | $ | 1,313.0 | | $ | 299.5 | | $ | 1,612.5 | | $ | 1,268.9 | | $ | 300.6 | | $ | 1,569.5 | | | | | | | | | | | | | | | | | | | | Operating Expenses: | | | | | | | | | | | | | | | | | | | Operating costs: | | | | | | | | | | | | | | | | | | | Direct cargo expense | | | 487.9 | | | — | | | 487.9 | | | 473.8 | | | — | | | 473.8 | Vessel operating expense | | | 298.0 | | | — | | | 298.0 | | | 309.8 | | | — | | | 309.8 | Operating overhead (7) | | | 173.5 | | | — | | | 173.5 | | | 158.6 | | | — | | | 158.6 | Direct operating costs | | | — | | | 240.3 | | | 240.3 | | | — | | | 241.4 | | | 241.4 | Depreciation and amortization | | | 75.2 | | | 6.6 | | | 81.8 | | | 69.2 | | | 6.3 | | | 75.5 | Total operating costs | | | 1,034.6 | | | 246.9 | | | 1,281.5 | | | 1,011.4 | | | 247.7 | | | 1,259.1 | Income from SSAT | | | (13.9) | | | — | | | (13.9) | | | (1.6) | | | — | | | (1.6) | General and administrative | | | 120.1 | | | 29.7 | | | 149.8 | | | 122.5 | | | 28.0 | | | 150.5 | Total Costs and Expenses | | | 1,140.8 | | | 276.6 | | | 1,417.4 | | | 1,132.3 | | | 275.7 | | | 1,408.0 | | | | | | | | | | | | | | | | | | | | Operating Income: | | $ | 172.2 | | $ | 22.9 | | | 195.1 | | $ | 136.6 | | $ | 24.9 | | | 161.5 | Interest income | | | | | | | | | 17.4 | | | | | | | | | 27.6 | Interest expense | | | | | | | | | (3.4) | | | | | | | | | (4.3) | Other income (expense), net | | | | | | | | | 4.8 | | | | | | | | | 3.6 | Income before Taxes | | | | | | | | | 213.9 | | | | | | | | | 188.4 | Income taxes | | | | | | | | | (46.9) | | | | | | | | | (39.1) | Net Income | | | | | | | | $ | 167.0 | | | | | | | | $ | 149.3 | | | | | | | | | | | | | | | | | | | | Capital Expenditures (8) | | $ | 173.2 | | $ | 2.3 | | $ | 175.5 | | $ | 118.9 | | $ | 6.2 | | $ | 125.1 |
| (5) | Ocean Transportation operating revenue excludes inter-segment revenue of $46.9 million and $42.5 million for the six months ended June 30, 2025 and 2024, respectively. |
| (6) | Logistics operating revenue excludes inter-segment revenue of $69.6 million and $65.9 million for the six months ended June 30, 2025 and 2024, respectively. |
| (7) | Ocean Transportation operating overhead includes dry-docking amortization of $13.6 million and $13.7 million for the six months ended June 30, 2025 and 2024, respectively. |
| (8) | Capital expenditures exclude accrued capital expenditures of $4.0 million and $15.3 million as of June 30, 2025 and 2024, respectively. |
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