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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
OPERATING REVENUES:      
Operating revenues $ 810,807 $ 946,862 $ 707,120
OPERATING EXPENSES AND COSTS:      
Salaries, wages and benefits 186,223 181,918 141,019
Operating supplies and expenses 160,527 166,005 102,228
Rents and purchased transportation 315,647 364,971 279,016
Depreciation 64,605 62,806 55,012
Insurance and claims 30,769 32,516 18,792
Other 23,769 18,128 12,294
Gain on disposition of equipment (1,043) (3,250) (1,446)
Total operating expenses and costs 780,497 823,094 606,915
OPERATING INCOME 30,310 123,768 100,205
NON-OPERATING INCOME 7,446 3,168 10,339
INTEREST EXPENSE (9,177) (7,929) (8,039)
INCOME BEFORE INCOME TAXES 28,579 119,007 102,505
FEDERAL & STATE INCOME TAX EXPENSE:      
Current 7,277 13,794 8,157
Deferred 2,886 14,541 17,832
Total federal & state income tax expense 10,163 28,335 25,989
Net income $ 18,416 $ 90,672 $ 76,516
EARNINGS PER COMMON SHARE:      
Basic (in dollars per share) $ 0.83 $ 4.08 $ 3.37
Diluted (in dollars per share) $ 0.83 $ 4.04 $ 3.35
AVERAGE COMMON SHARES OUTSTANDING:      
Basic (in shares) [1] 22,056 22,246 22,715
Diluted (in shares) [1] 22,197 22,436 22,864
Freight Transportation Service [Member]      
OPERATING REVENUES:      
Operating revenues $ 706,114 $ 818,751 $ 641,253
Fuel Surcharge [Member]      
OPERATING REVENUES:      
Operating revenues $ 104,693 $ 128,111 $ 65,867
[1] As adjusted for the Company’s 2-for-1 forward stock splits paid in August 2021 and March 2022, respectively.