Segment Reporting

6 Months Ended

Jun. 30, 2011

Segment Reporting [Abstract]

Segment Reporting

11. Segment Reporting

The Company determines its operating segments based on the information utilized by the chief operating decision maker, the Company’s Chief Executive Officer, to allocate resources and assess performance. Based on this information, the Company has determined that it has three operating segments, which are also reportable segments: LTL, TL and TMS.

These reportable segments are strategic business units through which the Company offers different services. The Company evaluates the performance of the segments primarily based on their respective revenues and operating income. Accordingly, interest expense and other non-operating items are not reported in segment results. In addition, the Company has disclosed a corporate segment, which is not an operating segment and includes public company expenses, acquisition transaction expenses, corporate salaries and stock-based compensation expense.

The following table reflects certain financial data of the Company’s reportable segments (in thousands):

	Three Months Ended June 30,						Six Months Ended June 30,
	2011			2010			2011			2010
Revenues:
LTL	$	121,390		$	106,279		$	222,044		$	197,605
TL		68,721			37,617			123,297			75,808
TMS		18,990			16,485			35,505			30,223
Eliminations		(830	)		(611	)		(1,417	)		(1,104	)
Total	$	208,271		$	159,770		$	379,429		$	302,532
Operating Income:
LTL	$	7,652		$	7,102		$	12,531		$	12,268
TL		4,238			1,454			6,731			2,997
TMS		1,719			1,305			3,038			2,257
Corporate		(1,122	)		(1,870	)		(2,234	)		(2,351	)
Total operating income	$	12,487		$	7,991		$	20,066		$	15,171
Interest expense		501			2,656			984			7,348
Loss on early extinguishment of debt		—			15,916			—			15,916
Income before provision for income taxes	$	11,986		$	(10,581	)	$	19,082		$	(8,093	)
Depreciation and Amortization:
LTL	$	436		$	408		$	837		$	912
TL		449			183			700			363
TMS		168			175			345			342
Total	$	1,053		$	766		$	1,882		$	1,617
Capital Expenditures:
LTL	$	635		$	296		$	1,535		$	501
TL		457			69			724			153
TMS		7			28			39			95
Total	$	1,099		$	393		$	2,298		$	749

	June 30,			December 31,
	2011			2010
Assets:
LTL	$	293,679		$	259,706
TL		97,074			49,533
TMS		44,412			44,905
Eliminations		(28,307	)		(5,847	)
Total	$	406,858		$	348,297