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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues        
Revenue $ 287,885 $ 288,721 $ 854,145 $ 829,588
Operating expenses:        
Salaries, wages, and related expenses 110,815 102,314 317,523 302,753
Fuel expense 28,545 35,173 88,590 100,692
Operations and maintenance 17,690 16,984 46,838 50,328
Revenue equipment rentals and purchased transportation 64,434 72,046 193,940 203,045
Operating taxes and licenses 3,227 3,381 8,871 10,161
Insurance and claims 12,241 13,074 44,779 36,810
Communications and utilities 1,330 1,254 4,005 3,753
General supplies and expenses 11,937 11,774 47,244 38,169
Depreciation and amortization 21,222 18,182 64,460 51,701
Loss (gain) on disposition of property and equipment, net 209 (602) 1,748 (12,380)
Total operating expenses 271,650 273,580 817,998 785,032
Operating income 16,235 15,141 36,147 44,556
Interest expense, net 3,204 2,637 10,341 5,530
Income from equity method investment (3,993) (5,335) (11,763) (16,659)
Income before income taxes 17,024 17,839 37,569 55,685
Income tax expense 4,141 4,483 8,817 13,701
Income from continuing operations, net of tax 12,883 13,356 28,752 41,984
Income from discontinued operations, net of tax 150 150 450 450
Net income $ 13,033 $ 13,506 $ 29,202 $ 42,434
Basic income per share: (1)        
Income from continuing operations (in dollars per share) $ 0.98 $ 1.03 $ 2.19 $ 3.21
Income from discontinued operations (in dollars per share) 0.01 0.01 0.03 0.03
Net income per share (in dollars per share) [1] 0.99 1.04 2.22 3.24
Diluted income per share: (1)        
Income from continuing operations (in dollars per share) 0.93 0.98 2.08 3.06
Income from discontinued operations (in dollars per share) 0.01 0.01 0.03 0.03
Net income per share (in dollars per share) [1] $ 0.94 $ 0.99 $ 2.11 $ 3.09
Basic weighted average shares outstanding (in shares) 13,177 12,947 13,137 13,082
Diluted weighted average shares outstanding (in shares) 13,901 13,679 13,827 13,739
Cargo and Freight [Member]        
Revenues        
Revenue $ 258,599 $ 253,377 $ 762,796 $ 730,503
Fuel Surcharge [Member]        
Revenues        
Revenue $ 29,286 $ 35,344 $ 91,349 $ 99,085
[1] Total may not sum due to rounding.