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Note 17 - Segment Information | 12 Months Ended
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Dec. 31, 2023
Notes to Financial Statements |
Segment Reporting Disclosure [Text Block] |
17. | SEGMENT INFORMATION
Our four reportable segments are (i) Expedited, (ii) Dedicated, (iii) Managed Freight, and (iv) Warehousing. Refer to Note 1, for a description of each of our reportable segments. The accounting policies of the reportable segments are the same as those described in the summary of significant accounting policies. 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 reportable segment information as used by our chief operating decision maker in making decisions regarding allocation of resources, etc., for 2023, 2022, and 2021:
(in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Year Ended December 31, 2023 |  | Expedited |  |  | Dedicated |  |  | Managed Freight |  |  | Warehousing |  |  | Consolidated |
Total revenue from external customers |  | $ | 423,820 |  |  | $ | 320,287 |  |  | $ | 258,903 |  |  | $ | 100,563 |  |  | $ | 1,103,573 |
Intersegment revenue |  |  | 10,859 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 10,859 |
Operating income |  |  | 28,861 |  |  |  | 17,712 |  |  |  | 9,388 |  |  |  | 2,862 |  |  |  | 58,823 |
Depreciation and amortization |  |  | 35,451 |  |  |  | 32,163 |  |  |  | 562 |  |  |  | 1,767 |  |  |  | 69,943 |
(in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Year Ended December 31, 2022 |  | Expedited |  |  | Dedicated |  |  | Managed Freight |  |  | Warehousing |  |  | Consolidated |
Total revenue from external customers |  | $ | 452,713 |  |  | $ | 362,997 |  |  | $ | 320,985 |  |  | $ | 80,163 |  |  | $ | 1,216,858 |
Intersegment revenue |  |  | 5,505 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 5,505 |
Operating income (loss) |  |  | 60,552 |  |  |  | 21,087 |  |  |  | 36,858 |  |  |  | 2,185 |  |  |  | 120,682 |
Depreciation and amortization |  |  | 30,101 |  |  |  | 25,449 |  |  |  | 247 |  |  |  | 1,715 |  |  |  | 57,512 |
(in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Year Ended December 31, 2021 |  | Expedited |  |  | Dedicated |  |  | Managed Freight |  |  | Warehousing |  |  | Consolidated |
Total revenue from external customers |  | $ | 337,063 |  |  | $ | 324,541 |  |  | $ | 321,236 |  |  | $ | 63,163 |  |  | $ | 1,046,003 |
Intersegment revenue |  |  | 7,429 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 7,429 |
Operating income |  |  | 33,064 |  |  |  | (1,357 | ) |  |  | 32,461 |  |  |  | 2,994 |  |  |  | 67,162 |
Depreciation and amortization |  |  | 25,364 |  |  |  | 25,960 |  |  |  | 595 |  |  |  | 1,962 |  |  |  | 53,881 |
(in thousands) |  | For the years ended December 31, |
|  | 2023 |  |  | 2022 |  |  | 2021 |
Total external revenues for reportable segments |  | $ | 1,103,573 |  |  | $ | 1,216,858 |  |  | $ | 1,046,003 |
Intersegment revenues for reportable segments |  |  | 10,859 |  |  |  | 5,505 |  |  |  | 7,429 |
Elimination of intersegment revenues |  |  | (10,859 | ) |  |  | (5,505 | ) |  |  | (7,429 | )
Total consolidated revenues |  | $ | 1,103,573 |  |  | $ | 1,216,858 |  |  | $ | 1,046,003 |
Balance sheet data by reportable segment is not maintained by the Company.

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