Note 4 - Segment Reporting

6 Months Ended

Jun. 30, 2013

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

NOTE 4 – SEGMENT REPORTING

We have three operating segments: Trucking (which consists of our General Freight and Dedicated Freight service offerings), Strategic Capacity Solutions (“SCS”) (which consists entirely of our freight brokerage service offering), and Intermodal (which consists of our rail intermodal service offering). These three operating segments are disclosed as two reportable segments with SCS and Intermodal being aggregated into one reportable segment.

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 incur expenses, primarily on a per mile basis.

	Trucking			SCS and Intermodal
Three Months Ended
June 30, 2013		73.1	%		26.9	%
June 30, 2012		69.4	%		30.6	%
Six Months Ended
June 30, 2013		74.5	%		25.5	%
June 30, 2012		73.4	%		26.6	%

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 and Intermodal segments 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. Therefore, we have aggregated the reporting of our Intermodal operations with our reporting for SCS operations. Based on Intermodal's relatively small size, and the interrelationship of SCS and Intermodal operations, we determined that separate reporting was not justified.

Assets are not allocated to our SCS or Intermodal segments, as those operations provide truckload freight services to our customers through arrangements with third party carriers who utilize their own equipment. 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 operating 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 June 30,						Six Months Ended June 30,
	2013			2012			2013			2012
Base revenue
Trucking	$	81,441		$	71,846			161,244			147,782
SCS and Intermodal		31,434			37,974			58,222			64,698
Eliminations		(1,413	)		(6,300	)		(3,116	)		(11,138	)
Total base revenue		111,462			103,520			216,350			201,342
Fuel surcharge revenue
Trucking		23,392			20,964			45,615			41,995
SCS and Intermodal		5,260			6,921			10,638			12,250
Eliminations		(376	)		(1,836	)		(837	)		(2,345	)
Total fuel surcharge revenue		28,276			26,049			55,416			51,900
Total revenue	$	139,738		$	129,569		$	271,766		$	253,242

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

	(in thousands)
	Operating income (loss)
	Three Months Ended June 30,						Six Months Ended June 30,
	2013			2012			2013			2012
Operating (loss) income
Trucking	$	(3,108	)	$	(6,324	)	$	(7,086	)	$	(14,275	)
SCS and Intermodal		2,163			1,995			3,315			3,310
Operating loss	$	(945	)	$	(4,329	)	$	(3,771	)	$	(10,965	)

A summary of assets by reportable segments is as follows:

	(in thousands)
	Total Assets
	June 30, 2013		December 31, 2012
Total Assets
Trucking	$	222,518	$	218,145
Corporate and Other		114,767		113,349
Total Assets	$	337,285	$	331,494

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

	(in thousands)
	Depreciation and Amortization
	Three Months Ended June 30,				Six Months Ended June 30,
	2013		2012		2013		2012
Depreciation and Amortization
Trucking	$	10,198	$	10,466	$	20,452	$	20,873
SCS and Intermodal		62		134		141		256
Corporate and Other		592		578		1,174		1,206
Total Depreciation and Amortization	$	10,852	$	11,178	$	21,767	$	22,335