Segment Reporting

9 Months Ended

Sep. 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 September 30,						Nine Months Ended September 30,
	2011			2010			2011			2010
Revenues:
LTL	$	126,238		$	107,235		$	348,282		$	304,840
TL		79,295			39,090			202,592			114,898
TMS		21,708			18,004			57,213			48,227
Eliminations		(1,048	)		(639	)		(2,465	)		(1,743	)
Total	$	226,193		$	163,690		$	605,622		$	466,222
Operating Income:
LTL	$	6,504		$	5,156		$	19,035		$	17,424
TL		5,647			1,558			12,378			4,555
TMS		2,394			1,792			5,432			4,049
Corporate		(1,751	)		(577	)		(3,985	)		(2,928	)
Total operating income	$	12,794		$	7,929		$	32,860		$	23,100
Interest expense		1,222			554			2,206			7,902
Loss on early extinguishment of debt		—			—			—			15,916
Income (loss) before provision (benefit) for income taxes	$	11,572		$	7,375		$	30,654		$	(718	)
Depreciation and Amortization:
LTL	$	436		$	384		$	1,273		$	1,296
TL		899			188			1,599			551
TMS		164			175			509			517
Total	$	1,499		$	747		$	3,381		$	2,364
Capital Expenditures:
LTL	$	653		$	397		$	2,188		$	898
TL		722			223			1,446			376
TMS		62			27			101			122
Total	$	1,437		$	647		$	3,735		$	1,396

	September 30,			December 31,
	2011			2010
Assets:
LTL	$	409,186		$	259,706
TL		218,815			49,533
TMS		45,699			44,905
Eliminations		(141,286	)		(5,847	)
Total	$	532,414		$	348,297