Year Ended December 31
1996 1995 1994
($ thousands, except share and per share data)
OPERATING REVENUES -- Note B
Less than truckload motor carrier
operations $ 1,199,437 $ 1,088,416 $ 918,663
Truckload motor carrier operations 74,623 27,992 -
Intermodal operations 180,619 140,691 31,468
Logistics operations 54,849 31,699 7,514
Tire operations 141,613 145,127 138,665
Service and other 8,043 3,354 2,111
1,659,184 1,437,279 1,098,421
OPERATING EXPENSES AND COSTS -- Notes B and L
Less than truckload motor carrier
operations 1,217,866 1,119,560 882,351
Truckload motor carrier operations 70,235 24,952 -
Intermodal operations 179,457 136,166 30,359
Logistics operations 57,693 34,299 8,488
Tire operations 147,164 140,328 127,115
Service and other 9,097 5,433 1,993
1,681,512 1,460,738 1,050,306
OPERATING INCOME (LOSS) (22,328) (23,459) 48,115
OTHER INCOME (EXPENSE)
Gains on asset sales 3,334 3,194 2,168
Interest (31,869) (17,046) (6,985)
Minority interest in subsidiary -- Note A 1,768 (1,297) (3,523)
Other, net (7,643) (8,379) (3,136)
(34,410) (23,528) (11,476)
INCOME (LOSS) BEFORE INCOME TAXES (56,738) (46,987) 36,639
FEDERAL AND STATE INCOME
TAXES (CREDIT) -- Note G
Current (16,400) (5,200) 14,743
Deferred (3,735) (8,995) 3,189
(20,135) (14,195) 17,932
NET INCOME (LOSS) $ (36,603) $ (32,792) $ 18,707
INCOME (LOSS) PER COMMON SHARE -- Notes C and H
NET INCOME (LOSS) $ (2.10) $ (1.90) $ 0.74
CASH DIVIDENDS PAID PER COMMON SHARE $ 0.01 $ 0.04 $ 0.04
AVERAGE COMMON SHARES OUTSTANDING
-- Note C 19,510,589 19,520,756 19,351,796
See notes to consolidated financial statements.
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