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Note 3 - Segment Information
 3 Months Ended
Mar. 31, 2020
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]
Note
3.
Segment Information
 
We have
four
 reportable segments:
 
● Highway Services: Includes the Company’s Expedited and OTR services, which are typically ad-hoc and do
not
include long-term contracts.
 
● Expedited services primarily involves high service freight with delivery standards, such as
1,000
miles in
22
hours, or
15
-minute delivery windows. Expedited services generally require
two
-person driver teams on equipment either owned or leased by the Company.
 
● OTR services provide customers with
one
-way load capacity over irregular routes for loads that are typically shorter in nature.
 
● Dedicated: Specializes in providing customers with committed capacity over extended contract periods using equipment either owned or leased by the Company.
 
● Managed Freight: Includes the Company’s Brokerage, TMS and Warehousing services.
 
● Brokerage services provide logistics capacity by outsourcing the carriage of customers’ freight to contractual
third
parties.
 
● TMS provides comprehensive logistics services on a contractual basis to customers who prefer to outsource their logistics needs.
 
● Warehousing services provides day-to-day warehouse management services to customers who have chosen to outsource this function.
 
● Factoring services assist freight capacity providers with improving cash flows by purchasing accounts receivables at a discount and collecting them directly from the end consumer.
 
The accounting policies of the segments are the same as those described in the summary of significant accounting policies in our 
2019
 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 total revenue by our
four
reportable operating segments, disaggregated to the service offering level, as used by our chief operating decision maker in making decisions regarding allocation of resources etc., organized
first
by reportable operating segment and then by service offering for the
three
months ended
March 31, 2020
and
2019
:
 
(in thousands)
  
Three Months Ended
  
   
March 31,
  
   
2020
    
2019
  
Revenues:
                
Highway Services
                
Expedited
   $
67,597
     $
61,623
  
OTR
    
18,564
      
26,705
  
Total Highway Services
    
86,161
      
88,328
  
                 
Dedicated
    
81,788
      
84,332
  
                 
Managed Freight:
                
Brokerage
    
21,779
      
24,307
  
TMS
    
8,958
      
8,370
  
Warehousing
    
12,128
      
11,996
  
Total Managed Freight
    
42,865
      
44,673
  
                 
Factoring
    
2,739
      
1,848
  
                 
Total revenues
   $
213,553
     $
219,181