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Leases

9 Months Ended

Sep. 30, 2011

(3)

Leases

In 2011 we entered into leases of certain tractors under operating leases which expire in 2015. Rental expense for these leases is included in rent and purchased transportation expense within the Consolidated Statements of Income. At September 30, 2011, the future minimum lease payments under non-cancelable revenue equipment operating leases are as follows (in thousands):


2011	$	403
2012		1,620
2013		1,620
2014		1,620
2015		610

Total	$	5,873

Rental expense under these non-cancelable revenue equipment operating leases was $405,000 during the three-month period and $607,000 during the nine-month period ended September 30, 2011.

- Definition

The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing.

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