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Note 18 - Segment Information
12 Months Ended
Dec. 31, 2018
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]
18.
Segment Information
 
The Company’s business is organized into
two
reportable segments, Truckload and Brokerage.
 
The Truckload segment offers asset-based truckload services, including OTR trucking and dedicated contract services. These services are aggregated because they have similar economic characteristics and meet the aggregation criteria described in the accounting guidance for segment reporting. The Company’s OTR service offering provides solo and expedited team services through
one
-way movements of freight over routes throughout the United States and cross-border into and out of Mexico. The Company’s dedicated contract service offering devotes the use of equipment to specific customers and provides services through long-term contracts. The Company’s dedicated contract service offering provides similar freight transportation services, but does so pursuant to agreements where it makes equipment, drivers and on-site personnel available to a specific customer to address needs for committed capacity and service levels. During the year ended
December 31, 2018,
the Truckload segment accounted for approximately
87%
of consolidated revenue.
 
The Company’s Brokerage segment is principally engaged in non-asset-based freight brokerage services, where it outsources the transportation of loads to
third
-party carriers. For this segment, the Company relies on brokerage employees to procure
third
-party carriers, as well as information systems to match loads and carriers. During the year ended
December 31, 2018,
the Brokerage segment accounted for approximately
13%
of consolidated revenue.
 
The following table summarizes our segment information (in thousands):
 
   
Year Ended December 31,
 
   
2018
   
2017
   
2016
 
Revenues
 
 
 
 
 
 
 
 
 
 
 
 
Truckload
  $
1,562,098
    $
1,382,167
    $
1,301,574
 
Brokerage
   
242,817
     
173,218
     
149,631
 
Total Operating Revenue
  $
1,804,915
    $
1,555,385
    $
1,451,205
 
                         
Operating Income
 
 
 
 
 
 
 
 
 
 
 
 
Truckload
  $
69,088
    $
25,200
    $
25,962
 
Brokerage
   
9,818
     
3,408
     
1,769
 
Total Operating Income
  $
78,906
    $
28,608
    $
27,731
 
 
A measure of assets is
not
applicable, as segment assets are
not
regularly reviewed by the Chief Operating Decision Maker (CODM) for evaluating performance or allocating resources.
 
Information about the geographic areas in which the Company conducts business is summarized below (in thousands) as of and for the years ended
December 
31,
2018,
2017
and
2016.
Operating revenues for foreign countries include revenues for (i) shipments with an origin or destination in that country and (ii) other services provided in that country. If both the origin and destination are in a foreign country, the revenues are attributed to the country of origin. As of
December 31, 2018,
the long-lived assets of our Mexican operations were impaired to a balance of
$0.
 
   
Year Ended December 31,
 
   
2018
   
2017
   
2016
 
Revenues
 
 
 
 
 
 
 
 
 
 
 
 
United States
  $
1,751,556
    $
1,504,926
    $
1,402,023
 
Foreign countries
                       
Mexico
   
53,359
     
50,459
     
49,182
 
Total
  $
1,804,915
    $
1,555,385
    $
1,451,205
 
                         
Long-lived Assets
 
 
 
 
 
 
 
 
 
 
 
 
United States
  $
518,717
    $
459,021
    $
303,520
 
Foreign countries
                       
Mexico
   
-
     
4,884
     
6,220
 
Total
  $
518,717
    $
463,905
    $
309,740