Note 4 - Segment Reporting

3 Months Ended

Mar. 31, 2013

Segment Reporting Disclosure [Text Block]

NOTE 4 – 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.

	Percent of Total Base Revenue
	Trucking			SCS			Intermodal
Three Months Ended
March 31, 2013		76.1	%		20.5	%		3.5	%
March 31, 2012		77.6	%		18.0	%		4.4	%

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 a railroad, 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 March 31,
	2013			2012
Base revenue
Trucking	$	79,803		$	75,937
SCS		23,043			22,318
Intermodal		3,744			4,406
Eliminations		(1,703	)		(4,838	)
Total base revenue		104,887			97,823
Fuel surcharge revenue
Trucking		22,225			21,031
SCS		4,320			4,026
Intermodal		1,057			1,302
Eliminations		(462	)		(509	)
Total fuel surcharge revenue		27,140			25,850
Total revenue	$	132,027		$	123,673

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

	(in thousands) Operating (loss) income
	Three Months Ended March 31,
	2013				2012
Operating (loss) income
Trucking		$	(3,978	)		$	(7,956	)
SCS			1,282				1,544
Intermodal			(131	)			(224	)
Operating loss		$	(2,827	)		$	(6,636	)

A summary of assets by reportable segments is as follows:

	(in thousands) Total Assets
	March 31, 2013			December 31, 2012
Total Assets
Trucking		$	226,194		$	218,145
Corporate and Other			115,104			113,349
Total Assets		$	341,298		$	331,494

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

	(in thousands) Depreciation and Amortization
	Three Months Ended March 31,
	2013			2012
Depreciation and Amortization
Trucking		$	10,254		$	10,407
SCS			30			27
Intermodal			49			93
Corporate and Other			582			630
Total Depreciation and Amortization		$	10,915		$	11,157