Note 5 - Segment Reporting

3 Months Ended

Mar. 31, 2012

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 Base Revenue
	Trucking			SCS			Intermodal
Three Months ended
March 31, 2012		77.6	%		18.0	%		4.4	%
March 31, 2011		83.2	%		11.6	%		5.2	%

Except with respect to the relatively minor components of our operations that do not involve the use of our trucks, key operating statistics for all three 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.

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.  Assets are not allocated to our Intermodal segment as our Intermodal containers are utilized under operating leases with BNSF Railway, which are not capitalized.  To the extent our Intermodal operations require the use of Company-owned trailers, they are obtained from our Trucking segment on an as-needed basis.  Accordingly, we allocate all of our assets to our Trucking segment.  However, depreciation and amortization expense is allocated to our SCS and Intermodal segments 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 and Intermodal segments 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
	March 31,
	2012			2011
Base revenue
Trucking	$	75,937		$	82,874
SCS		22,318			13,935
Intermodal		4,406			5,760
Eliminations		(4,838	)		(2,919	)
Total base revenue		97,823			99,650
Fuel surcharge revenue
Trucking		21,031			20,400
SCS		4,026			2,527
Intermodal		1,302			1,669
Eliminations		(509	)		(204	)
Total fuel surcharge revenue		25,850			24,392
Total revenue	$	123,673		$	124,042

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

	(in thousands)
	Operating (loss) income
	Three Months Ended
	March 31,
	2012				2011
Operating (loss) income
Trucking		$	(7,956	)		$	(4,117	)
SCS			1,544				1,333
Intermodal			(224	)			(398	)
Operating (loss) income		$	(6,636	)		$	(3,182	)

A summary of assets by reportable segments is as follows:

	(in thousands)
	Total Assets
	March 31,		December 31,
	2012		2011
Total Assets
Trucking	$	222,748	$	231,776
Corporate and Other		113,203		104,415
Total Assets	$	335,951	$	336,191

A summary of amortization and depreciation by reportable segments is as follows:

	(in thousands)
	Depreciation and Amortization
	Three Months Ended
	March 31,
	2012		2011
Depreciation and Amortization
Trucking	$	10,407	$	11,913
SCS		27		14
Intermodal		93		100
Corporate and Other		630		587
Total Depreciation and Amortization	$	11,157	$	12,614