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Note 3 - Segment Information
 9 Months Ended
Sep. 30, 2014
Segment Reporting [Abstract]  
Segment Reporting Disclosure [Text Block]

Note 3.   Segment Information


We have one reportable segment, our asset-based truckload services ("Truckload").


The Truckload segment consists of three asset-based operating fleets that are aggregated because they have similar economic characteristics and meet the aggregation criteria. The three operating fleets that comprise our Truckload segment are as follows: (i) Covenant Transport, Inc. ("Covenant Transport"), our historical flagship operation, which provides expedited long haul, dedicated, temperature-controlled, and regional solo-driver service; (ii) Southern Refrigerated Transport, Inc. ("SRT"), which provides primarily long haul, regional, and intermodal temperature-controlled service; and (iii) Star Transportation, Inc. ("Star"), which provides regional solo-driver and dedicated services, primarily in the southeastern United States.


In addition, our Covenant Transport Solutions, Inc. ("Solutions") subsidiary has several service offerings ancillary to our Truckload operations, including: (i) freight brokerage service through freight brokerage agents who are paid a commission for the freight they provide; (ii) less-than-truckload consolidation services; and (iii) accounts receivable factoring. These operations consist of several operating segments, which neither individually nor in the aggregate meet the quantitative or qualitative reporting thresholds. As a result, these operations are grouped in "Other" in the table below.


"Unallocated Corporate Overhead" includes expenses that are incidental to our activities and are not specifically allocated to one of the segments.


The following table summarizes our segment information:


(in thousands)

 

Three months ended

September 30,

   

Nine months ended

September 30,

 
   

2014

   

2013

   

2014

   

2013

 

Total Revenues:

                               

Truckload

  $ 166,839     $ 160,107     $ 477,432     $ 479,511  

Other

    10,742       10,736       34,760       28,550  
                                 

Total

  $ 177,581     $ 170,843     $ 512,192     $ 508,061  
                                 

Operating Income (Loss):

                               

Truckload

  $ 10,854     $ 6,831     $ 23,369     $ 17,969  

Other

    483       366       1,590       575  

Unallocated Corporate Overhead

    (5,751 )     (1,315 )     (9,964 )     (7,027 )
                                 

Total

  $ 5,586     $ 5,882     $ 14,995     $ 11,517