Note 4 - Segment Reporting

6 Months Ended

Jun. 30, 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 (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 Strategic Capacity Solutions 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
June 30, 2014		66.6	%		33.4	%
June 30, 2013		73.1	%		26.9	%
Six Months Ended
June 30, 2014		67.4	%		32.6	%
June 30, 2013		74.5	%		25.5	%

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						Six Months Ended
	June 30,						June 30,
	2014			2013			2014			2013
Base Revenue
Trucking	$	83,353		$	81,441		$	163,689		$	161,244
SCS		43,918			31,434			83,323			58,222
Eliminations		(2,302	)		(1,413	)		(4,432	)		(3,116	)
Total base revenue		124,969			111,462			242,580			216,350
Fuel Surcharge Revenue
Trucking		22,957			23,392			45,535			45,615
SCS		5,978			5,260			11,825			10,638
Eliminations		(606	)		(376	)		(1,153	)		(837	)
Total fuel surcharge revenue		28,329			28,276			56,207			55,416
Total revenue	$	153,298		$	139,738		$	298,787		$	271,766

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

	(in thousands)
	Operating Income (Loss)
	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2014			2013			2014			2013
Operating Income (Loss)
Trucking	$	(1,734	)	$	(3,108	)	$	(7,855	)	$	(7,086	)
SCS		5,991			2,163			11,069			3,315
Operating income (loss)	$	4,257		$	(945	)	$	3,214		$	(3,771	)

A summary of assets by reportable segments is as follows:

	(in thousands)
	Total Assets
	June 30,		December 31,
	2014		2013
Total Assets
Trucking	$	197,184	$	200,168
Corporate and Other		129,371		114,778
Total assets	$	326,555	$	314,946

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

	(in thousands)
	Depreciation and Amortization
	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2014		2013		2014		2013
Depreciation and Amortization
Trucking	$	10,567	$	10,198	$	21,432	$	20,452
SCS		44		62		92		141
Corporate and Other		537		592		1,079		1,174
Total depreciation and amortization	$	11,148	$	10,852	$	22,603	$	21,767