Segment Reporting

3 Months Ended

Mar. 31, 2013

Segment Reporting [Abstract]

Segment reporting

12. 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 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 March 31,
	2013			2012
Revenues:
LTL	$	132,691		$	118,953
TL	146,541			98,027
TMS	21,443			20,680
Eliminations	(1,295		)	(1,086		)
Total	299,380			236,574
Operating income:
LTL	8,978			8,450
TL	9,668			5,662
TMS	2,323			2,212
Corporate	(1,832		)	(1,684		)
Total operating income	19,137			14,640
Interest expense	1,875			1,847
Income before provision for income taxes	$	17,262		$	12,793
Depreciation and amortization:
LTL	$	778		$	515
TL	2,397			1,259
TMS	163			186
Corporate	17			—
Total	$	3,355		$	1,960
Capital expenditures:
LTL	$	1,450		$	2,587
TL	7,915			644
TMS	24			28
Total	$	9,389		$	3,259

	March 31, 2013			December 31, 2012
Assets:
LTL	$	500,481		$	490,067
TL	352,214			339,890
TMS	65,595			61,076
Eliminations	(194,600		)	(190,225		)
	$	723,690		$	700,808