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Segment Reporting
6 Months Ended
Jun. 30, 2021
Segment Reporting [Abstract]  
Segment Reporting Segment Reporting
The Company has two reportable segments: Expedited Freight and Intermodal. The Company evaluates segment performance based on income from operations. Segment results include intersegment revenues and shared costs.  Costs related to the corporate headquarters, shared services and shared assets, such as trailers, are allocated to each segment based on usage. Shared assets are not allocated to each segment, but rather the shared assets, such as trailers, are allocated to the Expedited Freight segment. Corporate includes revenues and expenses as well as assets that are not attributable to any of the Company’s reportable segments.

The accounting policies applied to each segment are the same as those described in the Summary of Significant Accounting Policies as disclosed in Note 1 to the Annual Report on Form 10-K for the year ended December 31, 2020, except for certain self-insurance loss reserves related to vehicle liability and workers’ compensation. Each segment is allocated an insurance premium and deductible that corresponds to the self-insured retention limit for that particular segment. Any self-insurance loss exposure beyond the deductible allocated to each segment is recorded in Corporate.      

Segment results from operations for the three and six months ended June 30, 2021 and 2020 are as follows:
 Three Months Ended June 30, 2021
 Expedited FreightIntermodalCorporateEliminationsConsolidated - Continuing Operations
External revenues$351,551 $69,120 $— $— $420,671 
Intersegment revenues184 13 — (197)— 
Depreciation4,989 835 23 — 5,847 
Amortization1,790 1,777 — — 3,567 
Income (loss) from continuing operations34,688 8,386 (950)— 42,124 
Purchases of property and equipment5,724 156 — — 5,880 
 Three Months Ended June 30, 2020
 Expedited FreightIntermodalCorporateEliminationsConsolidated - Continuing Operations
External revenues$235,417 $46,420 $— $— $281,837 
Intersegment revenues241 — (408)(159)
Depreciation5,009 1,081 25 — 6,115 
Amortization1,731 1,567 — — 3,298 
Income (loss) from continuing operations11,753 4,413 (2,252)— 13,914 
Purchases of property and equipment11,545 18 — — 11,563 
                    
 Six Months Ended June 30, 2021
 Expedited FreightIntermodalCorporateEliminationsConsolidated - Continuing Operations
External revenues$655,308 $127,622 $— $— $782,930 
Intersegment revenues613 25 — (695)(57)
Depreciation9,982 1,634 26 — 11,642 
Amortization3,595 3,414 — — 7,009 
Income (loss) from continuing operations59,218 12,895 (7,265)— 64,848 
Purchases of property and equipment8,136 439 — — 8,575 
 Six Months Ended June 30, 2020
 Expedited FreightIntermodalCorporateEliminationsConsolidated - Continuing Operations
External revenues$488,560 $98,875 $— $— $587,435 
Intersegment revenues727 13 — (940)(200)
Depreciation9,916 2,134 43 — 12,093 
Amortization3,519 3,135 — — 6,654 
Income (loss) from continuing operations26,933 8,126 (5,372)— 29,687 
Purchases of property and equipment13,950 264 — — 14,214 
Total Assets
As of June 30, 2021$767,222 $209,266 $105,459 $(106)$1,081,841 
As of December 31, 2020905,081 221,963 47,641 (201,391)973,294 


A reconciliation from the segment information to the consolidated balances for revenues and total assets is set forth below:

Three Months EndedSix Months Ended
June 30,
2021
June 30,
2020
June 30,
2021
June 30,
2020
Intersegment revenues - continuing operations$— $(159)$(57)$(200)
Intersegment revenues - discontinued operation— 159 57 200 
Consolidated intersegment revenues$— $— $— $— 

June 30, 2021December 31, 2020
Segment assets - continuing operations$1,081,841 $973,294 
Current assets held for sale— 21,002 
Noncurrent assets held for sale— 53,097 
Consolidated total assets$1,081,841 $1,047,393 
Revenue from the individual services within the Expedited Freight segment for the three and six months ended June 30, 2021 and 2020 are as follows:

 Three Months EndedSix Months Ended
 June 30,
2021
June 30,
2020
June 30,
2021
June 30,
2020
Expedited Freight revenues:  
Network$210,088 $134,173 $388,715 $286,182 
Truckload56,968 41,857 109,348 89,384 
Final Mile69,883 53,427 132,139 101,229 
Other14,796 6,201 25,719 12,492 
Total$351,735 $235,658 $655,921 $489,287