Note 4 - Segment Reporting

3 Months Ended

Mar. 31, 2014

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
March 31, 2014		68.2	%		31.8	%
March 31, 2013		76.1	%		23.9	%

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
	March 31,
	2014			2013
Base revenue
Trucking	$	80,336		$	79,803
SCS		39,405			26,787
Eliminations		(2,130	)		(1,703	)
Total base revenue		117,611			104,887
Fuel surcharge revenue
Trucking		22,578			22,225
SCS		5,847			5,377
Eliminations		(547	)		(462	)
Total fuel surcharge revenue		27,878			27,140
Total revenue	$	145,489		$	132,027

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

	(in thousands)
	Operating Income (Loss)
	Three Months Ended
	March 31,
	2014			2013
Operating Income (Loss)
Trucking	$	(6,120	)	$	(3,978	)
SCS		5,077			1,151
Operating loss	$	(1,043	)	$	(2,827	)

A summary of assets by reportable segments is as follows:

	(in thousands)
	Total Assets
	March 31,		December 31,
	2014		2013
Total Assets
Trucking	$	195,541	$	200,168
Corporate and Other		129,397		114,778
Total Assets	$	324,938	$	314,946

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

	(in thousands)
	Depreciation and Amortization
	Three Months Ended
	March 31,
	2014		2013
Depreciation and Amortization
Trucking	$	10,834	$	10,254
SCS		49		79
Corporate and Other		572		582
Total Depreciation and Amortization	$	11,455	$	10,915