Note 4 - Segment Reporting

9 Months Ended

Sep. 30, 2013

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

NOTE 4 – SEGMENT REPORTING

We have three operating segments: Trucking (which consists of our Truckload 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, which we refer to as “SCS”.

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.

	Percent of Total Base Revenue
	Trucking			SCS
Three Months Ended
September 30, 2013		71.8	%		28.2	%
September 30, 2012		71.7	%		28.3	%
Nine Months Ended
September 30, 2013		73.6	%		26.4	%
September 30, 2012		72.8	%		27.2	%

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 and Intermodal operating 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 operating 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 operating 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						Nine Months Ended
	September 30,						September 30,
	2013			2012			2013			2012
Base revenue
Trucking	$	81,804		$	71,951		$	243,005		$	219,733
SCS		33,416			34,509			91,638			99,207
Eliminations		(1,364	)		(6,136	)		(4,437	)		(17,273	)
Total base revenue		113,856			100,324			330,206			301,667
Fuel surcharge revenue
Trucking		23,140			20,204			68,756			62,198
SCS		5,234			5,907			15,872			18,157
Eliminations		(408	)		(2,019	)		(1,247	)		(4,365	)
Total fuel surcharge revenue		27,966			24,092			83,381			75,990
Total revenue	$	141,822		$	124,416		$	413,587		$	377,657

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

	(in thousands)
	Operating loss
	Three Months Ended September 30,						Nine Months Ended September 30,
	2013			2012			2013			2012
Operating loss
Trucking	$	(2,968	)	$	(10,111	)	$	(10,054	)	$	(24,391	)
SCS		2,764			1,586			6,079			4,901
Operating loss	$	(204	)	$	(8,525	)	$	(3,975	)	$	(19,490	)

A summary of assets by reportable segments is as follows:

	(in thousands) Total Assets
	September 30, 2013		December 31, 2012
Total Assets
Trucking	$	216,190	$	218,145
Corporate and Other		116,578		113,349
Total Assets	$	332,768	$	331,494

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

	(in thousands)
	Depreciation and Amortization
	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2013		2012		2013		2012
Depreciation and Amortization
Trucking	$	10,995	$	10,530	$	31,447	$	31,403
SCS		50		111		191		367
Corporate and Other		588		596		1,761		1,801
Total Depreciation and Amortization	$	11,633	$	11,237	$	33,399	$	33,571