Table 58 — Selected Quarterly Income Statement Data(1)
## Table 0 ##
Consolidated Financial Statements.
A list of trust-preferred securities outstanding at December 31, 2010 follows:
## Table 1 ##
(1) Represents the principal amount of debentures issued to each trust, including unamortized original issue discount.
(2) Huntington’s investment in the unconsolidated trusts represents the only risk of loss.
(3) Variable effective rate at December 31, 2010, based on three month LIBOR + 0.70.
(4) Variable effective rate at December 31, 2010, based on three month LIBOR + 0.625.
(5) Variable effective rate at December 31, 2010, based on three month LIBOR + 2.95.
(6) Variable effective rate at December 31, 2010, based on three month LIBOR + 1.40.
(7) Variable effective rate at December 31, 2010, based on three month LIBOR + 3.25.
Each issue of the junior subordinated debentures has an interest rate equal to the corresponding trust securities distribution rate.
Huntington has the right to defer payment of interest on the debentures at any time, or from time to time for a period not exceeding five years, provided that no extension period may extend beyond the stated maturity of the related debentures.
During any such extension period, distributions to the trust securities will also be deferred and Huntington’s ability to pay dividends on its common stock will be restricted.
Periodic cash payments and payments upon liquidation or redemption with respect to trust securities are guaranteed by Huntington to the extent of funds held by the trusts.
The guarantee ranks subordinate and junior in right of payment to all indebtedness of the Company to the same extent as the junior subordinated debt.
The guarantee does not place a limitation on the amount of additional indebtedness that may be incurred by Huntington.
Low Income Housing Tax Credit Partnerships Huntington makes certain equity investments in various limited partnerships that sponsor affordable housing projects utilizing the Low Income Housing Tax Credit pursuant to Section 42 of the Internal Revenue Code.
The purpose of these investments is to achieve a satisfactory return on capital, to facilitate the sale of additional affordable housing product offerings, and to assist in achieving goals associated with the Community Reinvestment Act.
The primary activities of the limited partnerships include the identification, development, and operation of multi-family housing that is leased to qualifying residential tenants.
Generally, these types of investments are funded through a combination of debt and equity.
Huntington does not own a majority of the limited partnership interests in these entities and is not the primary beneficiary.
Huntington uses the equity method to account for the majority of its investments in these entities.
These investments are included in accrued income and other assets.
At December 31, 2010 and 2009, Huntington has commitments of $316.0 million and $285.3 million, respectively, of which $260.1 million and
Financial Expectations – We are cautious about the economic environment, but, assuming that industrial production grows approximately 3% as projected, volume should exceed 2013 levels.
Even with no volume growth, we expect earnings to exceed 2013 earnings, generated by core pricing gains, on-going network improvements and productivity initiatives.
We expect that free cash flow for 2014 will be lower than 2013 as higher cash from operations will be more than offset by additional cash of approximately $400 million that will be used to pay income taxes that were previously deferred through bonus depreciation, increased capital spend and higher dividend payments.
RESULTS OF OPERATIONS Operating Revenues
## Table 2 ##
We generate freight revenues by transporting freight or other materials from our six commodity groups.
Freight revenues vary with volume (carloads) and ARC.
Changes in price, traffic mix and fuel surcharges drive ARC.
We provide some of our customers with contractual incentives for meeting or exceeding specified cumulative volumes or shipping to and from specific locations, which we record as reductions to freight revenues based on the actual or projected future shipments.
We recognize freight revenues as shipments move from origin to destination.
We allocate freight revenues between reporting periods based on the relative transit time in each reporting period and recognize expenses as we incur them.
Other revenues include revenues earned by our subsidiaries, revenues from our commuter rail operations, and accessorial revenues, which we earn when customers retain equipment owned or controlled by us or when we perform additional services such as switching or storage.
We recognize other revenues as we perform services or meet contractual obligations.
Freight revenues from five of our six commodity groups increased during 2013 compared to 2012.
Revenue from agricultural products was down slightly compared to 2012.
ARC increased 5%, driven by core pricing gains, shifts in business mix and an automotive logistics management arrangement.
Volume was essentially flat year over year as growth in automotives, frac sand, crude oil and domestic intermodal offset declines in coal, international intermodal and grain shipments.
Freight revenues from four of our six commodity groups increased during 2012 compared to 2011.
Revenues from coal and agricultural products declined during the year.
Our franchise diversity allowed us to take advantage of growth from shale-related markets (crude oil, frac sand and pipe) and strong automotive manufacturing, which offset volume declines from coal and agricultural products.
ARC increased 7%, driven by core pricing gains and higher fuel cost recoveries.
Improved fuel recovery provisions and higher fuel prices, including the lag effect of our programs (surcharges trail fluctuations in fuel price by approximately two months), combined to increase revenues from fuel surcharges.
Our fuel surcharge programs generated freight revenues of $2.6 billion, $2.6 billion, and $2.2 billion in 2013, 2012, and 2011, respectively.
Fuel surcharge in 2013 was essentially flat versus 2012 as lower fuel price offset improved fuel recovery provisions and the lag effect of our programs (surcharges trail fluctuations in fuel price by approximately two months).
Rising fuel prices and more shipments subject to fuel surcharges drove the increase from 2011 to 2012.
In 2013, other revenue increased from 2012 due primarily to miscellaneous contract revenue and higher revenues at our subsidiaries that broker intermodal and automotive services.
In 2012, other revenues increased from 2011 due primarily to higher revenues at our subsidiaries that broker intermodal and automotive services.
Assessorial revenues also increased in 2012 due to container revenue related to an increase in intermodal shipments.

<table><tr><td></td><td colspan="4">2009</td></tr><tr><td></td><td>Fourth</td><td>Third</td><td>Second</td><td>First</td></tr><tr><td colspan="5">(Dollar amounts in thousands, except per share amounts)</td></tr><tr><td>Interest income</td><td>$551,335</td><td>$553,846</td><td>$563,004</td><td>$569,957</td></tr><tr><td>Interest expense</td><td>177,271</td><td>191,027</td><td>213,105</td><td>232,452</td></tr><tr><td>Net interest income</td><td>374,064</td><td>362,819</td><td>349,899</td><td>337,505</td></tr><tr><td>Provision for credit losses</td><td>893,991</td><td>475,136</td><td>413,707</td><td>291,837</td></tr><tr><td>Net interest (loss) income after provision for credit losses</td><td>-519,927</td><td>-112,317</td><td>-63,808</td><td>45,668</td></tr><tr><td>Total noninterest income</td><td>244,546</td><td>256,052</td><td>265,945</td><td>239,102</td></tr><tr><td>Total noninterest expense</td><td>322,596</td><td>401,097</td><td>339,982</td><td>2,969,769</td></tr><tr><td>Loss before income taxes</td><td>-597,977</td><td>-257,362</td><td>-137,845</td><td>-2,684,999</td></tr><tr><td>Benefit for income taxes</td><td>-228,290</td><td>-91,172</td><td>-12,750</td><td>-251,792</td></tr><tr><td>Net loss</td><td>$-369,687</td><td>$-166,190</td><td>$-125,095</td><td>$-2,433,207</td></tr><tr><td>Dividends on preferred shares</td><td>29,289</td><td>29,223</td><td>57,451</td><td>58,793</td></tr><tr><td> Net loss applicable to common shares</td><td>$-398,976</td><td>$-195,413</td><td>$-182,546</td><td>$-2,492,000</td></tr><tr><td> Common shares outstanding</td><td></td><td></td><td></td><td></td></tr><tr><td>Average — basic</td><td>715,336</td><td>589,708</td><td>459,246</td><td>366,919</td></tr><tr><td>Average — diluted-2</td><td>715,336</td><td>589,708</td><td>459,246</td><td>366,919</td></tr><tr><td>Ending</td><td>715,762</td><td>714,469</td><td>568,741</td><td>390,682</td></tr><tr><td>Book value per share</td><td>$5.10</td><td>$5.59</td><td>$6.23</td><td>$7.80</td></tr><tr><td>Tangible book value per share-3</td><td>4.21</td><td>4.69</td><td>5.07</td><td>6.08</td></tr><tr><td> Per common share</td><td></td><td></td><td></td><td></td></tr><tr><td>Net loss- basic</td><td>$-0.56</td><td>$-0.33</td><td>$-0.40</td><td>$-6.79</td></tr><tr><td>Net loss — diluted</td><td>-0.56</td><td>-0.33</td><td>-0.40</td><td>-6.79</td></tr><tr><td>Cash dividends declared</td><td>0.0100</td><td>0.0100</td><td>0.0100</td><td>0.0100</td></tr><tr><td> Common stock price, per share</td><td></td><td></td><td></td><td></td></tr><tr><td>High-4</td><td>$4.770</td><td>$4.970</td><td>$6.180</td><td>$8.000</td></tr><tr><td>Low-4</td><td>3.500</td><td>3.260</td><td>1.550</td><td>1.000</td></tr><tr><td>Close</td><td>3.650</td><td>4.710</td><td>4.180</td><td>1.660</td></tr><tr><td>Average closing price</td><td>3.970</td><td>4.209</td><td>3.727</td><td>2.733</td></tr><tr><td>Return on average total assets</td><td>-2.80%</td><td>-1.28%</td><td>-0.97%</td><td>-18.22%</td></tr><tr><td>Return on average common shareholders’ equity</td><td>-39.1</td><td>-21.5</td><td>-23.0</td><td>-188.9</td></tr><tr><td>Return on average tangible common shareholders’ equity-5</td><td>-45.1</td><td>-24.7</td><td>-27.2</td><td>-479.2</td></tr><tr><td>Efficiency ratio-6</td><td>49.0</td><td>61.4</td><td>51.0</td><td>60.5</td></tr><tr><td>Effective tax rate (benefit)</td><td>-38.2</td><td>-35.4</td><td>-9.2</td><td>-9.4</td></tr><tr><td>Margin analysis-as a % of average earning assets-7</td><td></td><td></td><td></td><td></td></tr><tr><td>Interest income-7</td><td>4.70%</td><td>4.86%</td><td>4.99%</td><td>4.99%</td></tr><tr><td>Interest expense</td><td>1.51</td><td>1.66</td><td>1.89</td><td>2.02</td></tr><tr><td>Net interest margin-7</td><td>3.19%</td><td>3.20%</td><td>3.10%</td><td>2.97%</td></tr><tr><td> Revenue — FTE</td><td></td><td></td><td></td><td></td></tr><tr><td>Net interest income</td><td>$374,064</td><td>$362,819</td><td>$349,899</td><td>$337,505</td></tr><tr><td>FTE adjustment</td><td>2,497</td><td>4,177</td><td>1,216</td><td>3,582</td></tr><tr><td>Net interest income-7</td><td>376,561</td><td>366,996</td><td>351,115</td><td>341,087</td></tr><tr><td>Noninterest income</td><td>244,546</td><td>256,052</td><td>265,945</td><td>239,102</td></tr><tr><td> Total revenue-7</td><td>$621,107</td><td>$623,048</td><td>$617,060</td><td>$580,189</td></tr><tr><td>Continued</td><td></td><td></td><td></td><td></td></tr></table>
<table><tr><td> (Dollar amounts in thousands)</td><td> Rate</td><td></td><td> Principal Amount of   Subordinated Note/   Debenture Issued to Trust -1</td><td> Investment in   Unconsolidated   Subsidiary -2</td></tr><tr><td>Huntington Capital I</td><td>0.99</td><td>-3</td><td>$138,816</td><td>$6,186</td></tr><tr><td>Huntington Capital II</td><td>0.93</td><td>-4</td><td>60,093</td><td>3,093</td></tr><tr><td>Huntington Capital III</td><td>6.69</td><td></td><td>114,072</td><td>10</td></tr><tr><td>BancFirst Ohio Trust Preferred</td><td>8.54</td><td></td><td>23,248</td><td>619</td></tr><tr><td>Sky Financial Capital Trust I</td><td>8.52</td><td></td><td>64,474</td><td>1,856</td></tr><tr><td>Sky Financial Capital Trust II</td><td>3.52</td><td>-5</td><td>30,929</td><td>929</td></tr><tr><td>Sky Financial Capital Trust III</td><td>1.28</td><td>-6</td><td>77,481</td><td>2,320</td></tr><tr><td>Sky Financial Capital Trust IV</td><td>1.27</td><td>-6</td><td>77,482</td><td>2,320</td></tr><tr><td>Prospect Trust I</td><td>3.54</td><td>-7</td><td>6,186</td><td>186</td></tr><tr><td> Total</td><td></td><td></td><td>$592,781</td><td>$17,519</td></tr></table>
<table><tr><td><i>Millions</i></td><td><i>2013</i></td><td><i>2012</i></td><td><i>2011</i></td><td><i>% Change 2013 v 2012</i></td><td><i>% Change 2012 v 2011</i></td></tr><tr><td>Freight revenues</td><td>$20,684</td><td>$19,686</td><td>$18,508</td><td>5%</td><td>6%</td></tr><tr><td>Other revenues</td><td>1,279</td><td>1,240</td><td>1,049</td><td>3</td><td>18</td></tr><tr><td>Total</td><td>$21,963</td><td>$20,926</td><td>$19,557</td><td>5%</td><td>7%</td></tr></table>

Question: what was the percentage change in fuel surcharge revenues from 2011 to 2012?
Answer: 0.18182