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Note 17 - Related Party Transactions
12 Months Ended
Dec. 31, 2014
Related Party Transactions [Abstract]  
Related Party Transactions Disclosure [Text Block]

17.

RELATED PARTY TRANSACTIONS


In the normal course of business, transactions for transportation and repair services, property leases and other services are conducted between the Company and companies affiliated with a major stockholder. The Company recognized approximately $13,253,000, $10,350,000 and $3,298,000 in operating revenue and approximately $1,440,000, $1,303,000 and $1,313,000 in operating expenses in 2014, 2013 and 2012, respectively. In addition, also in the normal course of business, the Company sold tractors to an affiliated company owned by a major stockholder for approximately $750,000 during 2014.


The Company purchased physical damage, auto liability, and general liability insurance through an unaffiliated insurance broker which was written by an insurance company affiliated with a major stockholder. Premiums paid for physical damage coverage were approximately $2,597,000, $2,036,000 and $1,590,000 for 2014, 2013 and 2012, respectively. Premiums paid for auto liability coverage during 2014, 2013 and 2012 were approximately $9,464,000, $9,461,000 and $9,235,000, respectively. Premiums paid for general liability coverage during 2014, 2013 and 2012 were approximately $22,000 each year. Beginning in 2012, the Company secured coverage for workers’ compensation insurance under the same arrangement. Premiums paid for workers’ compensation coverage during 2014, 2013, and 2012 were approximately $267,000, $254,000 and $84,000, respectively.


Amounts owed to the Company by these affiliates were approximately $2,598,000 and $3,852,000 at December 31, 2014 and 2013, respectively. Of the accounts receivable at December 31, 2014, approximately $2,544,000 represents freight transportation, approximately $42,000 represents revenue resulting from maintenance performed in the Company’s maintenance facilities and charges paid by the Company to third parties on behalf of their affiliate and charged back at the amount paid, and approximately $12,000 represents property lease charges. Amounts representing prepaid insurance premiums at December 31, 2014 were approximately $1,624,000. There were no amounts representing prepaid insurance premiums as of December 31, 2013. Amounts payable to affiliates at December 31, 2014 and 2013 were approximately $971,000 and $303,000 respectively.