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Note K - Notes Payable
9 Months Ended
Sep. 30, 2020
Notes to Financial Statements  
Long-term Debt [Text Block]

NOTE K: NOTES PAYABLE

During the first nine months of 2020, the Company’s subsidiaries entered into installment obligations totaling approximately $43.9 million for the purpose of purchasing revenue equipment and $17.6 million for the purchase of a terminal. These obligations are payable in monthly installments and are recorded in long term debt and current maturities on the condensed consolidated balance sheets. The terms of these obligations vary from 36 months for trucks, to 84 months for trailers, and to 10 years for the terminal.