Spreadsheet: 1a0bdbf4-f3fc-4436-9947-9b0f86463df1
Sheet: Adjusted Inc & OR

QUARTERLY ADJUSTED OPERATING INCOME AND OPERATING RATIO RECONCILIATION
TO COMPARABLE GAAP MEASURES BY SEGMENT (UNAUDITED)
FOR THE THREE YEAR PERIOD ENDED DECEMBER 31, 2012
(Amounts in thousands)
 |  | Three Months Ended |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Years Ended December 31,
 |  | 2010-03-31 00:00:00 |  | 2010-06-30 00:00:00 |  | 2010-09-30 00:00:00 |  | 2010-12-31 00:00:00 |  | 2011-03-31 00:00:00 |  | 2011-06-30 00:00:00 |  | 2011-09-30 00:00:00 |  | 2011-12-31 00:00:00 |  | 2012-03-31 00:00:00 |  | 2012-06-30 00:00:00 |  | 2012-09-30 00:00:00 |  | 2012-12-31 00:00:00 |  |  | 2010 |  | 2011 |  | 2012
Truckload:
Operating revenue | $ | 466061 |  | 526301 |  | 538127 |  | 548198 |  | 543883 |  | 611985 |  | 606990 |  | 573198 |  | 551247 |  | 575193 |  | 564802 |  | 591100 |  | $ | 2078687 |  | 2336056 |  | 2282342
Less:  Fuel surcharge revenue |  | 68567 |  | 86443 |  | 84089 |  | 91176 |  | 106643 |  | 136054 |  | 129742 |  | 119384 |  | 116866 |  | 124059 |  | 117344 |  | 125354 |  |  | 330275 |  | 491823 |  | 483623
Revenue xFSR |  | 397494 |  | 439858 |  | 454038 |  | 457022 |  | 437240 |  | 475931 |  | 477248 |  | 453814 |  | 434381 |  | 451134 |  | 447458 |  | 465746 |  |  | 1748412 |  | 1844233 |  | 1798719
Operating expense |  | 441251 |  | 483767 |  | 479721 |  | 480459 |  | 515052 |  | 554663 |  | 538484 |  | 504903 |  | 504693 |  | 507199 |  | 510984 |  | 513461 |  |  | 1885198 |  | 2113102 |  | 2036337
Adjusted for:
Fuel surcharge revenue |  | -68567 |  | -86443 |  | -84089 |  | -91176 |  | -106643 |  | -136054 |  | -129742 |  | -119384 |  | -116866 |  | -124059 |  | -117344 |  | -125354 |  |  | -330275 |  | -491823 |  | -483623
Adjusted operating expense |  | 372684 |  | 397324 |  | 395632 |  | 389283 |  | 408409 |  | 418609 |  | 408742 |  | 385519 |  | 387827 |  | 383140 |  | 393640 |  | 388107 |  |  | 1554923 |  | 1621279 |  | 1552714
Adjusted operating income | $ | 24810 |  | 42534 |  | 58406 |  | 67739 |  | 28831 |  | 57322 |  | 68506 |  | 68295 |  | 46554 |  | 67994 |  | 53818 |  | 77639 |  | $ | 193489 |  | 222954 |  | 246005
Adjusted Operating Ratio |  | 0.937583963531525 |  | 0.9033006106516194 |  | 0.8713631898651655 |  | 0.8517817523007645 |  | 0.9340613850516879 |  | 0.8795581712475128 |  | 0.8564561821107685 |  | 0.8495088296086062 |  | 0.8928268041189646 |  | 0.8492820315028351 |  | 0.8797250244715705 |  | 0.8333018426352561 |  |  | 0.889334436048254 |  | 0.8791074663559323 |  | 0.8632332231993991
Operating Ratio |  | 0.9467666249696928 |  | 0.9191831290459261 |  | 0.8914642825950008 |  | 0.8764333324820595 |  | 0.9469904372815476 |  | 0.9063343055793851 |  | 0.8871381736107679 |  | 0.8808526896465095 |  | 0.9155478397161345 |  | 0.8817892429149868 |  | 0.9047135102212811 |  | 0.8686533581458298 |  |  | 0.9069176840957778 |  | 0.9045596509672713 |  | 0.8922137874166097
Dedicated:
Operating revenue | $ | 119899 |  | 128583 |  | 130182 |  | 135341 |  | 137485 |  | 154225 |  | 158922 |  | 174636 |  | 171539 |  | 181873 |  | 182843 |  | 188150 |  | $ | 514005 |  | 625268 |  | 724405
Less:  Fuel surcharge revenue |  | 13573 |  | 16547 |  | 15733 |  | 18077 |  | 21709 |  | 29679 |  | 28911 |  | 31593 |  | 31131 |  | 34415 |  | 32953 |  | 35999 |  |  | 63930 |  | 111892 |  | 134498
Revenue xFSR |  | 106326 |  | 112036 |  | 114449 |  | 117264 |  | 115776 |  | 124546 |  | 130011 |  | 143043 |  | 140408 |  | 147458 |  | 149890 |  | 152151 |  |  | 450075 |  | 513376 |  | 589907
Operating expense |  | 105066 |  | 112853 |  | 114106 |  | 115407 |  | 124055 |  | 137334 |  | 140782 |  | 153344 |  | 157032 |  | 163358 |  | 165761 |  | 164228 |  |  | 447432 |  | 555515 |  | 650379
Adjusted for:
Fuel surcharge revenue |  | -13573 |  | -16547 |  | -15733 |  | -18077 |  | -21709 |  | -29679 |  | -28911 |  | -31593 |  | -31131 |  | -34415 |  | -32953 |  | -35999 |  |  | -63930 |  | -111892 |  | -134498
Adjusted operating expense |  | 91493 |  | 96306 |  | 98373 |  | 97330 |  | 102346 |  | 107655 |  | 111871 |  | 121751 |  | 125901 |  | 128943 |  | 132808 |  | 128229 |  |  | 383502 |  | 443623 |  | 515881
Adjusted operating income | $ | 14833 |  | 15730 |  | 16076 |  | 19934 |  | 13430 |  | 16891 |  | 18140 |  | 21292 |  | 14507 |  | 18515 |  | 17082 |  | 23922 |  | $ | 66573 |  | 69753 |  | 74026
Adjusted Operating Ratio |  | 0.8604950811654722 |  | 0.8595987004177229 |  | 0.8595356883852197 |  | 0.8300075044344385 |  | 0.8840001381978994 |  | 0.8643794260755062 |  | 0.8604733445631524 |  | 0.851149654299756 |  | 0.8966796763717167 |  | 0.874438823258148 |  | 0.8860364267129228 |  | 0.8427746120630163 |  |  | 0.852084652557907 |  | 0.8641288256560493 |  | 0.8745124231446652
Operating Ratio |  | 0.8762875420145289 |  | 0.8776665655646547 |  | 0.8765113456545451 |  | 0.8527127773549774 |  | 0.9023166163581482 |  | 0.890478197438807 |  | 0.8858559544933993 |  | 0.8780778304587828 |  | 0.915430310308443 |  | 0.8981981932447367 |  | 0.9065755867055343 |  | 0.8728567632208344 |  |  | 0.8704818046517058 |  | 0.8884430356263234 |  | 0.8978113072107454
Intermodal:
Operating revenue | $ | 43383 |  | 52372 |  | 58864 |  | 57666 |  | 47525 |  | 54344 |  | 63176 |  | 72830 |  | 69045 |  | 81120 |  | 86063 |  | 97710 |  | $ | 212285 |  | 237875 |  | 333938
Less:  Fuel surcharge revenue |  | 6784 |  | 9136 |  | 9612 |  | 9468 |  | 9400 |  | 12320 |  | 13677 |  | 14822 |  | 14467 |  | 17278 |  | 18139 |  | 20902 |  |  | 35000 |  | 50219 |  | 70786
Revenue xFSR |  | 36599 |  | 43236 |  | 49252 |  | 48198 |  | 38125 |  | 42024 |  | 49499 |  | 58008 |  | 54578 |  | 63842 |  | 67924 |  | 76808 |  |  | 177285 |  | 187656 |  | 263152
Operating expense |  | 44266 |  | 52105 |  | 54788 |  | 55299 |  | 46791 |  | 55148 |  | 62837 |  | 69953 |  | 73072 |  | 80997 |  | 88568 |  | 98155 |  |  | 206458 |  | 234729 |  | 340792
Adjusted for:
Fuel surcharge revenue |  | -6784 |  | -9136 |  | -9612 |  | -9468 |  | -9400 |  | -12320 |  | -13677 |  | -14822 |  | -14467 |  | -17278 |  | -18139 |  | -20902 |  |  | -35000 |  | -50219 |  | -70786
Adjusted operating expense |  | 37482 |  | 42969 |  | 45176 |  | 45831 |  | 37391 |  | 42828 |  | 49160 |  | 55131 |  | 58605 |  | 63719 |  | 70429 |  | 77253 |  |  | 171458 |  | 184510 |  | 270006
Adjusted operating income | $ | -883 |  | 267 |  | 4076 |  | 2367 |  | 734 |  | -804 |  | 339 |  | 2877 |  | -4027 |  | 123 |  | -2505 |  | -445 |  | $ | 5827 |  | 3146 |  | -6854
Adjusted Operating Ratio |  | 1.024126342249788 |  | 0.9938245906189287 |  | 0.9172419394136279 |  | 0.9508900784264908 |  | 0.9807475409836065 |  | 1.019131924614506 |  | 0.9931513767954908 |  | 0.9504033926354986 |  | 1.073784308695811 |  | 0.9980733686288024 |  | 1.036879453506861 |  | 1.00579366732632 |  |  | 0.9671320190653467 |  | 0.9832352815790596 |  | 1.026045783425549
Operating Ratio |  | 1.020353594726045 |  | 0.994901855953563 |  | 0.9307556401195978 |  | 0.9589532826969098 |  | 0.9845554971067859 |  | 1.014794641542765 |  | 0.9946340382423705 |  | 0.9604970479198133 |  | 1.058324281265841 |  | 0.9984837278106509 |  | 1.0291065847112 |  | 1.004554293316958 |  |  | 0.97255105165226 |  | 0.9867745664739884 |  | 1.02052476807072