Note 5 - Segment Reporting

9 Months Ended

Sep. 30, 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 Total Base Revenue
	Trucking			SCS			Intermodal
Three Months Ended
September 30, 2012		71.7	%		23.3	%		5.0	%
September 30, 2011		75.8	%		17.9	%		6.3	%
Nine Months Ended
September 30, 2012		72.8	%		22.3	%		4.9	%
September 30, 2011		79.2	%		15.4	%		5.4	%

Except with respect to the 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, as well as some of our tractors, 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 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 tractors or 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 September 30,						Nine Months Ended September 30,
	2012			2011			2012			2011
Base revenue
Trucking	$	71,951		$	77,790		$	219,733		$	245,974
SCS		29,339			21,144			84,049			56,629
Intermodal		5,170			6,825			15,158			18,466
Eliminations		(6,136	)		(3,116	)		(17,273	)		(10,300	)
Total base revenue		100,324			102,643			301,667			310,769
Fuel surcharge revenue
Trucking		20,204			21,399			62,198			66,541
SCS		4,546			4,295			13,679			10,992
Intermodal		1,361			2,330			4,478			6,187
Eliminations		(2,019	)		(530	)		(4,365	)		(1,282	)
Total fuel surcharge revenue		24,092			27,494			75,990			82,438
Total revenue	$	124,416		$	130,137		$	377,657		$	393,207

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,
	2012				2011				2012				2011
Operating (loss) income
Trucking		$	(10,111	)		$	(7,572	)		$	(24,391	)		$	(11,652	)
SCS			1,916				1,873				5,989				5,481
Intermodal			(330	)			(160	)			(1,088	)			(658	)
Operating (loss) income		$	(8,525	)		$	(5,859	)		$	(19,490	)		$	(6,829	)

A summary of assets by reportable segments is as follows:

	(in thousands) Total Assets
	September 30, 2012		December 31, 2011
Total Assets
Trucking	$	229,784	$	231,776
Corporate and Other		110,221		104,415
Total Assets	$	340,005	$	336,191

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

	(in thousands) Depreciation and Amortization
	Three Months Ended September 30,				Nine Months Ended September 30,
	2012		2011		2012		2011
Depreciation and Amortization
Trucking	$	10,530	$	11,643	$	31,403	$	35,372
SCS		32		21		91		51
Intermodal		79		129		276		316
Corporate and Other		596		597		1,801		1,752
Total Depreciation and Amortization	$	11,237	$	12,390	$	33,571	$	37,491