Note 5 - Segment Reporting

9 Months Ended

Sep. 30, 2011

Segment Reporting Disclosure [Text Block]

NOTE 5 – SEGMENT REPORTING

The service offerings we provide relate to the transportation of truckload quantities of freight for customers in a variety of industries.  The services generate revenue, and to a great extent incur expenses, primarily on a per mile basis.  As the revenue generated by these service offerings is becoming increasingly more significant, management determined that additional disclosures were needed.

	Percent of Total Base Revenue
	Trucking (1)			SCS
Three Months Ended
September 30, 2011		82.1	%		17.9	%
September 30, 2010		90.0	%		10.0	%
Nine Months Ended
September 30, 2011		84.6	%		15.4	%
September 30, 2010		91.3	%		8.7	%

(1)  Includes Intermodal revenue.

Except with respect to the relatively minor components of our operations that do not involve the use of our trucks, key operating statistics for both operating segments include, for example, revenue per mile and miles per tractor per week.  While the operations of our SCS segment typically do not involve the use of our equipment and drivers, we nevertheless provide truckload freight services to our customers through arrangements with third party carriers who are subject to the same general regulatory environment and cost sensitivities imposed upon our Trucking operations.  Our Intermodal business does involve the use of our equipment as we utilize our trailers and leased containers to provide this service.  Accordingly, the operations of this segment are subject to the same general regulatory environment and cost sensitivities imposed upon our Trucking operations.  Therefore, we have aggregated the reporting of our Intermodal operations with our reporting for Trucking operations.  Based on Intermodal's relatively small size, and the interrelationship of Trucking and Intermodal operations on the drayage portion of intermodal movements, we determined that separate reporting was not justified.  We will continue separate reporting for our SCS segment.

Assets are not allocated to our SCS segment as the significant majority of our SCS operations provide truckload freight services to our customers through arrangements with third party carriers who utilize their own equipment.  Depreciation and amortization expense is allocated to our SCS segment based on the various assets specifically utilized to generate revenue.  All intercompany transactions between segments are consummated at rates similar to those negotiated with independent third parties.  All other expenses are allocated to our SCS segment based on headcount and specifically identifiable direct costs, as appropriate.

A summary of base revenue and fuel surcharge revenue by reportable segments is as follows:

	(in thousands)
	Revenue
	Three Months Ended								Nine Months Ended
	September 30,								September 30,
	2011				2010				2011				2010
Base revenue
Trucking		$	84,254			$	90,667			$	262,940			$	260,061
SCS			21,144				11,687				56,629				28,973
Eliminations			(2,755	)			(1,584	)			(8,800	)			(4,157	)
Total base revenue			102,643				100,770				310,769				284,877
Fuel surcharge revenue			27,494				17,996				82,438				53,194
Total revenue		$	130,137			$	118,766			$	393,207			$	338,071

A summary of operating (loss) income by reportable segments is as follows:

	(in thousands)  Operating (loss) income
	Three Months Ended September 30,					Nine Months Ended September 30,
Operating (loss) income	2011			2010		2011			2010
Trucking	$	(7,733	)	$	1,183	$	(12,310	)	$	(579	)
SCS		1,874			1,133		5,481			2,433
Operating (loss) income	$	(5,859	)	$	2,316	$	(6,829	)	$	1,854