Subsequent Events

12 Months Ended

Dec. 31, 2011

Subsequent Events [Abstract]

Subsequent Events [Text Block]

Subsequent Events

The Company has evaluated events occurring subsequent to December 31, 2011 through the filing date of this Annual Report on Form 10-K for disclosure. Subsequent to December 31, 2011 the Company entered into a commitment to further execute management's plan to upgrade the Company's existing trailer fleet. Delivery of trailer equipment under the current program will be throughout 2012. Although the Company expects to continue to sell trailers during 2012 to provide additional sources of cash flows for new trailers, there were no guaranteed commitments from third parties as of December 31, 2011 to buy trailers. Therefore, expected sale proceeds for trailer sales are not reflected as a reduction of the outstanding purchase commitment. The estimated amount of this commitment is $21.0 million.

Subsequent to December 31, 2011 the Board of Directors of the Company approved an increase of approximately 2.8 million shares in the amount of shares authorized for repurchase. As of February 10, 2012 the total shares authorized for repurchase is 5.0 million shares. The specific timing and amount of repurchases will be determined by market conditions, cash flow requirements, securities law limitations, and other factors. Repurchases will continue from time time, as conditions permit, until the number of shares authorized to be repurchased have been bought, or until the authorization to repurchase is terminated, whichever occurs first. The share repurchase authorization is discretionary and has no expiration date. The repurchase program may be suspended, modified, or discontinued at any time.