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Note 3 - Segment Information

9 Months Ended

Sep. 30, 2018

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

Note 3. Segment Information

We have

two

reportable segments, our truckload services or Truckload and Managed Freight, which provides freight brokerage, logistics, and transportation management services. Our Managed Freight consists of several operating segments, which are aggregated due to similar margins and customers. Included in Managed Freight are our accounts receivable factoring and warehousing businesses, which do

not

meet the aggregation criteria, but only accounted for

$3.4

million and

$11.7

million of our revenue, respectively, during the

nine

months ended

September 30, 2018.

The accounting policies of the segments are the same as those described in the summary of significant accounting policies in our

2017

Annual Report on Form

10

-K. Substantially all intersegment sales prices are market based. We evaluate performance based on operating income of the respective business units.

The following table summarizes our segment information used by our chief operating decision maker of the Company in making decisions regarding allocation of resources, etc., as of and for the

three

and

nine

months ended

September 30, 2018:

(in thousands)		Three months ended September 30,								Nine months ended September 30,
		2018				2017				2018				2017
Total Revenues:
Truckload		$	197,053			$	153,066			$	522,312			$	446,322
Managed Freight			46,250				25,565				90,875				55,379
Total		$	243,303			$	178,631			$	613,187			$	501,701
Operating Income:
Truckload		$	11,960			$	6,573			$	29,055			$	7,812
Managed Freight			4,221				2,468				7,616				5,500
Total		$	16,181			$	9,041			$	36,671			$	13,312

X

- References

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X

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI http://asc.fasb.org/topic&trid=2134510

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