Related Party Transactions

12 Months Ended

Dec. 31, 2013

Related Party Transactions [Abstract]

Related Party Transactions

RELATED PARTY TRANSACTIONS

The Company leases land from a trust in which the Company’s principal stockholder is the sole trustee. The annual rent payments under this lease are $1.00 per year. The Company is responsible for all real estate taxes and maintenance costs related to the property, which were $93,000 in 2013 and are recorded as expenses in the Consolidated Statements of Income. The Company has made leasehold improvements to the land totaling approximately $6.5 million for facilities used for business meetings and customer promotion.

The Company transacts business with TDR Transportes, S.A. de C.V. (“TDR”), a truckload carrier in the Republic of Mexico, for certain purchased transportation needs. The Company recorded operating revenues from TDR of approximately $4,141,000 in 2013, $3,836,000 in 2012 and $3,965,000 in 2011 related primarily to leasing revenue equipment and a terminal building. The Company recorded purchased transportation expense to TDR of approximately $603,000 in 2013, $608,000 in 2012 and $534,000 in 2011. The Company also sells used revenue equipment to this entity. These sales totaled $2,275,000 in 2013, $1,551,000 in 2012 and $236,000 in 2011, and the Company recognized net gains of $1,449,000 in 2013, $823,000 in 2012 and $67,000 in 2011. The Company had receivables from TDR, primarily related to the leases and revenue equipment sales, of $858,000 at December 31, 2013, and $2,105,000 at December 31, 2012.