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Pay vs Performance Disclosure
12 Months Ended
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Pay vs Performance Disclosure [Table]      
Pay vs Performance [Table Text Block]
PAY VERSUS PERFORMANCE
The following table and supporting graphics below set out information about the relationship between “executive compensation actually paid” and certain financial performance measures of the Company for fiscal years ended December 31, 2022, 2021 and 2020 as required under Item 402(v) of Regulation S-K. The information set forth below was not used by the Compensation Committee in setting compensation for our named executive officers as set forth in the Summary Compensation Table.

Year
Summary
Compensation
Table Total for
PEO(1)
Compensation
Actually Paid
to PEO(2)
Average
Summary
Compensation
Table Total for
Non-PEO NEOs(3)
Average
Compensation
Actually Paid
to Non-PEO
NEOs(3)(4)
Value of Initial Fixed
$100
Investment Based
On:
TSR(5)
Peer
Group
TSR(6)
Net
Income
(in 000s)(7)
EBITDA as a percent of gross margin(8)
(a)
(b)
(c)
(d)
(e)
(f)
(g)
(h)
(i)
2022
$5,821,094
$6,165,035
$2,113,244
$2,348,334
$154.98
$140.02
$356,948
70.6%
2021
$5,724,633
$12,482,793
$2,011,784
$4,086,226
$164.24
$165.46
$171,474
61.5%
2020
$3,168,894
$4,190,394
$1,492,090
$1,901,498
$111.13
$130.86
$73,559
54.0%

(1)
Reflects compensation amounts reported in the “Summary Compensation Table” for our principal executive officer (“PEO”), former CEO (and current Executive Chairman), David P. Yeager, for the respective years shown.
(2)
“Compensation actually paid” to our PEO in each of 2022, 2021 and 2020 reflects the respective amounts set forth in column (b) of the table above, adjusted as set forth in the table below, as determined in accordance with SEC rules. The dollar amounts reflected in column (b) of the table above do not reflect the actual amount of compensation earned by or paid to our PEO during the applicable year. For information regarding the decisions made by our Compensation Committee regarding the PEO’s compensation for each fiscal year, please see the Compensation Discussion & Analysis sections of the proxy statements reporting pay for the fiscal years covered in the table above.
Year
2020
2021
2022
PEO
D. Yeager
D. Yeager
D. Yeager
SCT Total Compensation
$3,168,894
$5,724,633
$5,821,094
Less: Stock award values reported in SCT for the Covered Year
$(2,099,600)
$(2,280,000)
$(2,200,000)
Plus: Year End Fair Value for Stock Awards Granted in the Covered Year
$2,576,400
$5,054,400
$3,113,941
Change in Fair Value of Outstanding Unvested Stock and Option Awards from Prior Years
$405,900
$3,131,760
$(570,000)
Change in Fair Value of Stock and Option Awards from Prior Years that Vested in the Covered Year
$138,800
$852,000
Less: Fair Value of Stock and Option Awards Forfeited during the Covered Year
Compensation Actually Paid
$4,190,394
$12,482,793
$6,165,035
Equity Valuations: Performance-based restricted share unit grant date fair values are calculated using the stock price as of date of grant assuming target performance. Adjustments have been made using the stock price and performance accrual modifier as of year-end and as of the date of vest. Time-vested restricted share unit grant date fair values are calculated using the stock price as of date of grant. Adjustments have been made using the stock price as of year-end and as of each date of vest.
(3)
Reflects compensation amounts reported in the “Summary Compensation Table” of the proxy statements reporting pay for the fiscal years covered in the table above for the following non-PEO NEOs:
2022: Phillip D. Yeager, Geoffrey F. DeMartino, Vincent Paperiello, and Thomas P. LaFrance
2021: Phillip D. Yeager, Geoffrey F. DeMartino, Vava R. Dimond, and Vincent Paperiello
2020: Phillip D. Yeager, Terri A. Pizzuto, Geoffrey F. DeMartino, Vava R. Dimond and Douglas G. Beck
(4)
Average “compensation actually paid” for our non-PEO NEOs in each of 2022, 2021 and 2020 reflects the respective amounts set forth in column (d) of the table above, adjusted as set forth in the table below, as determined in accordance with SEC rules. The dollar amounts reflected in column (d) of the table above do not reflect the actual amount of compensation earned by or paid to our non-PEO NEOs during the applicable year. For information regarding the decisions made by our Compensation Committee regarding the non-PEO NEOs’ compensation for each fiscal year, please the Compensation Discussion and Analysis sections of the proxy statements reporting pay for the fiscal years covered in the table above.
Year
2020
Average
2021
Average
2022
Average
Non-PEO NEOs
See Footnote 3 above
See Footnote 3 above
See Footnote 3 above
SCT Total Compensation
$1,492,090
$2,011,784
$2,113,244
Less: Stock award values reported in SCT for the Covered Year
$(889,600)
$(826,500)
$(881,319)
Plus: Year End Fair Value for Stock Awards Granted in the Covered Year
$1,084,867
$1,832,220
$1,247,437
Change in Fair Value of Outstanding Unvested Stock and Option Awards from Prior Years
$166,879
$867,639
$(127,973)
Change in Fair Value of Stock and Option Awards from Prior Years that Vested in the Covered Year
$47,262
$201,083
$(3,054)
Less: Fair Value of Stock and Option Awards Forfeited during the Covered Year
Compensation Actually Paid
$1,901,498
$4,086,226
$2,348,334
Equity Valuations: Performance-based restricted share unit grant date fair values are calculated using the stock price as of date of grant assuming target performance. Adjustments have been made using the stock price and performance accrual modifier as of year-end and as of the date of vest. Time-vested restricted share unit grant date fair values are calculated using the stock price as of date of grant. Adjustments have been made using the stock price as of year-end and as of each date of vest.
(5)
For the relevant fiscal year, represents the cumulative total shareholder return (TSR) of the Company for the measurement periods ending on December 31 of each of 2022, 2021 and 2020, respectively.
(6)
For the relevant fiscal year, represents the cumulative TSR of the Nasdaq Trucking and Transportation Index (“Peer Group TSR”) for the measurement periods ending on December 31 of each of 2022, 2021 and 2020, respectively.
(7)
Reflects “Net Income” in the company’s Consolidated Statements Income and Comprehensive Income included in the Company’s Annual Reports on Form 10-K for each of the years ended December 31, 2022, 2021 and 2020.
(8)
Company-selected Measure is EBITDA as a percent of gross margin, which is described below.
   
Company Selected Measure Name EBITDA as a percent of gross margin    
Named Executive Officers, Footnote [Text Block]
(3)
Reflects compensation amounts reported in the “Summary Compensation Table” of the proxy statements reporting pay for the fiscal years covered in the table above for the following non-PEO NEOs:
2022: Phillip D. Yeager, Geoffrey F. DeMartino, Vincent Paperiello, and Thomas P. LaFrance
2021: Phillip D. Yeager, Geoffrey F. DeMartino, Vava R. Dimond, and Vincent Paperiello
2020: Phillip D. Yeager, Terri A. Pizzuto, Geoffrey F. DeMartino, Vava R. Dimond and Douglas G. Beck
   
Peer Group Issuers, Footnote [Text Block]
(6)
For the relevant fiscal year, represents the cumulative TSR of the Nasdaq Trucking and Transportation Index (“Peer Group TSR”) for the measurement periods ending on December 31 of each of 2022, 2021 and 2020, respectively.
   
PEO Total Compensation Amount $ 5,821,094 $ 5,724,633 $ 3,168,894
PEO Actually Paid Compensation Amount $ 6,165,035 12,482,793 4,190,394
Adjustment To PEO Compensation, Footnote [Text Block]
(2)
“Compensation actually paid” to our PEO in each of 2022, 2021 and 2020 reflects the respective amounts set forth in column (b) of the table above, adjusted as set forth in the table below, as determined in accordance with SEC rules. The dollar amounts reflected in column (b) of the table above do not reflect the actual amount of compensation earned by or paid to our PEO during the applicable year. For information regarding the decisions made by our Compensation Committee regarding the PEO’s compensation for each fiscal year, please see the Compensation Discussion & Analysis sections of the proxy statements reporting pay for the fiscal years covered in the table above.
Year
2020
2021
2022
PEO
D. Yeager
D. Yeager
D. Yeager
SCT Total Compensation
$3,168,894
$5,724,633
$5,821,094
Less: Stock award values reported in SCT for the Covered Year
$(2,099,600)
$(2,280,000)
$(2,200,000)
Plus: Year End Fair Value for Stock Awards Granted in the Covered Year
$2,576,400
$5,054,400
$3,113,941
Change in Fair Value of Outstanding Unvested Stock and Option Awards from Prior Years
$405,900
$3,131,760
$(570,000)
Change in Fair Value of Stock and Option Awards from Prior Years that Vested in the Covered Year
$138,800
$852,000
Less: Fair Value of Stock and Option Awards Forfeited during the Covered Year
Compensation Actually Paid
$4,190,394
$12,482,793
$6,165,035
Equity Valuations: Performance-based restricted share unit grant date fair values are calculated using the stock price as of date of grant assuming target performance. Adjustments have been made using the stock price and performance accrual modifier as of year-end and as of the date of vest. Time-vested restricted share unit grant date fair values are calculated using the stock price as of date of grant. Adjustments have been made using the stock price as of year-end and as of each date of vest.
   
Non-PEO NEO Average Total Compensation Amount $ 2,113,244 2,011,784 1,492,090
Non-PEO NEO Average Compensation Actually Paid Amount $ 2,348,334 4,086,226 1,901,498
Adjustment to Non-PEO NEO Compensation Footnote [Text Block]
(4)
Average “compensation actually paid” for our non-PEO NEOs in each of 2022, 2021 and 2020 reflects the respective amounts set forth in column (d) of the table above, adjusted as set forth in the table below, as determined in accordance with SEC rules. The dollar amounts reflected in column (d) of the table above do not reflect the actual amount of compensation earned by or paid to our non-PEO NEOs during the applicable year. For information regarding the decisions made by our Compensation Committee regarding the non-PEO NEOs’ compensation for each fiscal year, please the Compensation Discussion and Analysis sections of the proxy statements reporting pay for the fiscal years covered in the table above.
Year
2020
Average
2021
Average
2022
Average
Non-PEO NEOs
See Footnote 3 above
See Footnote 3 above
See Footnote 3 above
SCT Total Compensation
$1,492,090
$2,011,784
$2,113,244
Less: Stock award values reported in SCT for the Covered Year
$(889,600)
$(826,500)
$(881,319)
Plus: Year End Fair Value for Stock Awards Granted in the Covered Year
$1,084,867
$1,832,220
$1,247,437
Change in Fair Value of Outstanding Unvested Stock and Option Awards from Prior Years
$166,879
$867,639
$(127,973)
Change in Fair Value of Stock and Option Awards from Prior Years that Vested in the Covered Year
$47,262
$201,083
$(3,054)
Less: Fair Value of Stock and Option Awards Forfeited during the Covered Year
Compensation Actually Paid
$1,901,498
$4,086,226
$2,348,334
Equity Valuations: Performance-based restricted share unit grant date fair values are calculated using the stock price as of date of grant assuming target performance. Adjustments have been made using the stock price and performance accrual modifier as of year-end and as of the date of vest. Time-vested restricted share unit grant date fair values are calculated using the stock price as of date of grant. Adjustments have been made using the stock price as of year-end and as of each date of vest.
   
Equity Valuation Assumption Difference, Footnote [Text Block]
Equity Valuations: Performance-based restricted share unit grant date fair values are calculated using the stock price as of date of grant assuming target performance. Adjustments have been made using the stock price and performance accrual modifier as of year-end and as of the date of vest. Time-vested restricted share unit grant date fair values are calculated using the stock price as of date of grant. Adjustments have been made using the stock price as of year-end and as of each date of vest.
   
Compensation Actually Paid vs. Total Shareholder Return [Text Block]
Below are graphs showing the relationship of “compensation actually paid” to our Chief Executive Officer and other named executive officers in 2020, 2021 and 2022 to (1) TSR of both the Company and the Nasdaq Trucking and Transportation Index, (2) the Company’s net income and (3) EBITDA as a percent of gross margin.
“Compensation actually paid,” as required under SEC rules, reflects adjusted values to unvested and vested equity awards during the years shown in the table based on year-end stock prices, various accounting valuation assumptions, and projected performance modifiers but does not reflect actual amounts paid out for those awards. Compensation actually paid generally fluctuates due to stock price achievement and varying levels of projected and actual achievement of performance goals.
graphic
   
Compensation Actually Paid vs. Net Income [Text Block]
Below are graphs showing the relationship of “compensation actually paid” to our Chief Executive Officer and other named executive officers in 2020, 2021 and 2022 to (1) TSR of both the Company and the Nasdaq Trucking and Transportation Index, (2) the Company’s net income and (3) EBITDA as a percent of gross margin.
“Compensation actually paid,” as required under SEC rules, reflects adjusted values to unvested and vested equity awards during the years shown in the table based on year-end stock prices, various accounting valuation assumptions, and projected performance modifiers but does not reflect actual amounts paid out for those awards. Compensation actually paid generally fluctuates due to stock price achievement and varying levels of projected and actual achievement of performance goals.
graphic
   
Compensation Actually Paid vs. Company Selected Measure [Text Block]
Below are graphs showing the relationship of “compensation actually paid” to our Chief Executive Officer and other named executive officers in 2020, 2021 and 2022 to (1) TSR of both the Company and the Nasdaq Trucking and Transportation Index, (2) the Company’s net income and (3) EBITDA as a percent of gross margin.
“Compensation actually paid,” as required under SEC rules, reflects adjusted values to unvested and vested equity awards during the years shown in the table based on year-end stock prices, various accounting valuation assumptions, and projected performance modifiers but does not reflect actual amounts paid out for those awards. Compensation actually paid generally fluctuates due to stock price achievement and varying levels of projected and actual achievement of performance goals.

graphic
   
Total Shareholder Return Vs Peer Group [Text Block]
Below are graphs showing the relationship of “compensation actually paid” to our Chief Executive Officer and other named executive officers in 2020, 2021 and 2022 to (1) TSR of both the Company and the Nasdaq Trucking and Transportation Index, (2) the Company’s net income and (3) EBITDA as a percent of gross margin.
“Compensation actually paid,” as required under SEC rules, reflects adjusted values to unvested and vested equity awards during the years shown in the table based on year-end stock prices, various accounting valuation assumptions, and projected performance modifiers but does not reflect actual amounts paid out for those awards. Compensation actually paid generally fluctuates due to stock price achievement and varying levels of projected and actual achievement of performance goals.
graphic
   
Tabular List [Table Text Block]


Listed below are the financial performance measures which in our assessment represent the most important financial performance measures we use to link compensation actually paid to our named executive officers, for 2022, to Company performance.
Measure
Explanation
EBITDA as a percent of gross margin
A non-GAAP financial measure that consists of EBITDA (as defined below in this table) divided by Gross Margin (as defined below in this table)
Diluted EPS
Diluted Earnings per Share
EBITDA
A non-GAAP financial measure that consists of income from continuing operations before interest, income taxes, depreciation and amortization
Gross Margin
Revenue minus transportation costs
Operating income
Revenue minus transportation costs and costs and expenses
   
Total Shareholder Return Amount $ 154.98 164.24 111.13
Peer Group Total Shareholder Return Amount 140.02 165.46 130.86
Net Income (Loss) $ 356,948,000 $ 171,474,000 $ 73,559,000
Company Selected Measure Amount 0.706 0.615 0.54
PEO Name David P. Yeager David P. Yeager David P. Yeager
Measure [Axis]: 1      
Pay vs Performance Disclosure [Table]      
Measure Name EBITDA as a percent of gross margin    
Non-GAAP Measure Description [Text Block]
(8)
Company-selected Measure is EBITDA as a percent of gross margin, which is described below.
Measure
Explanation
EBITDA as a percent of gross margin
A non-GAAP financial measure that consists of EBITDA (as defined below in this table) divided by Gross Margin (as defined below in this table)
Diluted EPS
Diluted Earnings per Share
EBITDA
A non-GAAP financial measure that consists of income from continuing operations before interest, income taxes, depreciation and amortization
Gross Margin
Revenue minus transportation costs
Operating income
Revenue minus transportation costs and costs and expenses
   
Measure [Axis]: 2      
Pay vs Performance Disclosure [Table]      
Measure Name Diluted EPS    
Measure [Axis]: 3      
Pay vs Performance Disclosure [Table]      
Measure Name EBITDA    
Measure [Axis]: 4      
Pay vs Performance Disclosure [Table]      
Measure Name Gross Margin    
Measure [Axis]: 5      
Pay vs Performance Disclosure [Table]      
Measure Name Operating income    
PEO [Member] | Stock Award Values Reported in SCT for the Covered Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount $ (2,200,000) $ (2,280,000) $ (2,099,600)
PEO [Member] | Year End Fair Value for Stock Awards Granted in the Covered Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 3,113,941 5,054,400 2,576,400
PEO [Member] | Change in Fair Value of Outstanding Unvested Stock and Option Awards from Prior Years [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (570,000) 3,131,760 405,900
PEO [Member] | Change in Fair Value of Stock and Option Awards from Prior Years that Vested in the Covered Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 0 852,000 138,800
PEO [Member] | Fair Value of Stock and Option Awards Forfeited during the Covered Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 0 0 0
Non-PEO NEO [Member] | Stock Award Values Reported in SCT for the Covered Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (881,319) (826,500) (889,600)
Non-PEO NEO [Member] | Year End Fair Value for Stock Awards Granted in the Covered Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 1,247,437 1,832,220 1,084,867
Non-PEO NEO [Member] | Change in Fair Value of Outstanding Unvested Stock and Option Awards from Prior Years [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (127,973) 867,639 166,879
Non-PEO NEO [Member] | Change in Fair Value of Stock and Option Awards from Prior Years that Vested in the Covered Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (3,054) 201,083 47,262
Non-PEO NEO [Member] | Fair Value of Stock and Option Awards Forfeited during the Covered Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount $ 0 $ 0 $ 0