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Note 17 - Segment Information (Tables) | 12 Months Ended
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Dec. 31, 2024
Notes Tables |
Schedule of Segment Reporting Information, by Segment [Table Text Block] |
(in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Year Ended December 31, 2024 |  | Expedited |  |  | Dedicated |  |  | Managed Freight |  |  | Warehousing |  |  | Consolidated |
Revenues |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Freight revenue |  | $ | 346,697 |  |  | $ | 317,787 |  |  | $ | 248,939 |  |  | $ | 100,518 |  |  | $ | 1,013,941 |
Fuel surcharge revenue(1) |  |  | 69,764 |  |  |  | 46,627 |  |  |  | - |  |  |  | 1,144 |  |  |  | 117,535 |
Total revenue |  | $ | 416,461 |  |  | $ | 364,414 |  |  | $ | 248,939 |  |  | $ | 101,662 |  |  | $ | 1,131,476 |
Operating expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Salaries, wages, and related expenses |  |  | 136,453 |  |  |  | 141,051 |  |  |  | 9,180 |  |  |  | 46,299 |  |  |  |  |
Fuel expense |  |  | 64,661 |  |  |  | 50,063 |  |  |  | - |  |  |  | 1,473 |  |  |  |  |
Operations and maintenance |  |  | 39,651 |  |  |  | 36,983 |  |  |  | 1,421 |  |  |  | 5,419 |  |  |  |  |
Revenue equipment rentals and purchased transportation |  |  | 65,594 |  |  |  | 29,890 |  |  |  | 209,236 |  |  |  | 4,864 |  |  |  |  |
Operating taxes and licenses |  |  | 1,498 |  |  |  | 1,648 |  |  |  | 45 |  |  |  | 2,351 |  |  |  |  |
Insurance and claims |  |  | 26,321 |  |  |  | 15,882 |  |  |  | 913 |  |  |  | 792 |  |  |  |  |
Communications and utilities |  |  | 2 |  |  |  | 459 |  |  |  | 40 |  |  |  | 882 |  |  |  |  |
General supplies and expenses |  |  | 987 |  |  |  | 2,243 |  |  |  | 3,041 |  |  |  | 16,816 |  |  |  |  |
Depreciation and amortization |  |  | 23 |  |  |  | 12,238 |  |  |  | 84 |  |  |  | 1,759 |  |  |  |  |
Gain on disposition of property and equipment, net |  |  | - |  |  |  | (107 | ) |  |  | - |  |  |  | - |  |  |  |  |
Total allocated overhead |  |  | 35,465 |  |  |  | 40,750 |  |  |  | 11,788 |  |  |  | 10,640 |  |  |  |  |
Segment operating expenses |  |  | 370,655 |  |  |  | 331,100 |  |  |  | 235,748 |  |  |  | 91,295 |  |  |  | 1,028,798 |
Segment operating income |  | $ | 45,806 |  |  | $ | 33,314 |  |  | $ | 13,191 |  |  | $ | 10,367 |  |  | $ | 102,678 |
Other operating loss (2) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (57,918 | )
Total consolidated operating income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 44,760 |
(in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Year Ended December 31, 2023 |  | Expedited |  |  | Dedicated |  |  | Managed Freight |  |  | Warehousing |  |  | Consolidated |
Revenues |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Freight revenue |  | $ | 343,779 |  |  | $ | 268,465 |  |  | $ | 258,903 |  |  | $ | 99,362 |  |  | $ | 970,509 |
Fuel surcharge revenue(1) |  |  | 80,041 |  |  |  | 51,822 |  |  |  | - |  |  |  | 1,201 |  |  |  | 133,064 |
Total revenue |  | $ | 423,820 |  |  | $ | 320,287 |  |  | $ | 258,903 |  |  | $ | 100,563 |  |  | $ | 1,103,573 |
Operating expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Salaries, wages, and related expenses |  |  | 138,897 |  |  |  | 116,383 |  |  |  | 8,534 |  |  |  | 49,495 |  |  |  |  |
Fuel expense |  |  | 75,671 |  |  |  | 55,686 |  |  |  | - |  |  |  | 1,544 |  |  |  |  |
Operations and maintenance |  |  | 45,836 |  |  |  | 32,061 |  |  |  | 1,228 |  |  |  | 5,658 |  |  |  |  |
Revenue equipment rentals and purchased transportation |  |  | 55,064 |  |  |  | 30,492 |  |  |  | 221,535 |  |  |  | 5,974 |  |  |  |  |
Operating taxes and licenses |  |  | 1,679 |  |  |  | 927 |  |  |  | 45 |  |  |  | 2,107 |  |  |  |  |
Insurance and claims |  |  | 25,500 |  |  |  | 14,929 |  |  |  | 2,812 |  |  |  | 1,699 |  |  |  |  |
Communications and utilities |  |  | 65 |  |  |  | 272 |  |  |  | 9 |  |  |  | 927 |  |  |  |  |
General supplies and expenses |  |  | 1,072 |  |  |  | 2,173 |  |  |  | 2,282 |  |  |  | 17,141 |  |  |  |  |
Depreciation and amortization |  |  | 2,074 |  |  |  | 5,187 |  |  |  | 388 |  |  |  | 765 |  |  |  |  |
Gain on disposition of property and equipment, net |  |  | (17 | ) |  |  | (94 | ) |  |  | - |  |  |  | - |  |  |  |  |
Total allocated overhead |  |  | 32,969 |  |  |  | 35,805 |  |  |  | 11,617 |  |  |  | 9,467 |  |  |  |  |
Segment operating expenses |  |  | 378,810 |  |  |  | 293,821 |  |  |  | 248,450 |  |  |  | 94,777 |  |  |  | 1,015,858 |
Segment operating income |  | $ | 45,010 |  |  | $ | 26,466 |  |  | $ | 10,453 |  |  | $ | 5,786 |  |  | $ | 87,715 |
Other operating loss (2) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (28,892 | )
Total consolidated operating income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 58,823 |
(in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Year Ended December 31, 2022 |  | Expedited |  |  | Dedicated |  |  | Managed Freight |  |  | Warehousing |  |  | Consolidated |
Revenues |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Freight revenue |  | $ | 355,360 |  |  | $ | 291,199 |  |  | $ | 320,985 |  |  | $ | 78,852 |  |  | $ | 1,046,396 |
Fuel surcharge revenue(1) |  |  | 97,353 |  |  |  | 71,798 |  |  |  | - |  |  |  | 1,311 |  |  |  | 170,462 |
Total revenue |  | $ | 452,713 |  |  | $ | 362,997 |  |  | $ | 320,985 |  |  | $ | 80,163 |  |  | $ | 1,216,858 |
Operating expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Salaries, wages, and related expenses |  |  | 139,950 |  |  |  | 126,625 |  |  |  | 10,671 |  |  |  | 44,553 |  |  |  |  |
Fuel expense |  |  | 88,574 |  |  |  | 76,254 |  |  |  | 9 |  |  |  | 1,660 |  |  |  |  |
Operations and maintenance |  |  | 46,747 |  |  |  | 37,416 |  |  |  | 207 |  |  |  | 3,620 |  |  |  |  |
Revenue equipment rentals and purchased transportation |  |  | 52,122 |  |  |  | 45,606 |  |  |  | 259,177 |  |  |  | 4,711 |  |  |  |  |
Operating taxes and licenses |  |  | 1,474 |  |  |  | 564 |  |  |  | 41 |  |  |  | 956 |  |  |  |  |
Insurance and claims |  |  | 23,069 |  |  |  | 20,867 |  |  |  | 1,712 |  |  |  | 865 |  |  |  |  |
Communications and utilities |  |  | 140 |  |  |  | 172 |  |  |  | 9 |  |  |  | 399 |  |  |  |  |
General supplies and expenses |  |  | 783 |  |  |  | 1,791 |  |  |  | 1,916 |  |  |  | 10,212 |  |  |  |  |
Depreciation and amortization |  |  | 895 |  |  |  | 22 |  |  |  | 71 |  |  |  | 672 |  |  |  |  |
Gain on disposition of property and equipment, net |  |  | 230 |  |  |  | 67 |  |  |  | 35 |  |  |  | 19 |  |  |  |  |
Total allocated overhead |  |  | 34,286 |  |  |  | 30,624 |  |  |  | 8,564 |  |  |  | 8,169 |  |  |  |  |
Segment operating expenses |  |  | 388,270 |  |  |  | 340,008 |  |  |  | 282,412 |  |  |  | 75,836 |  |  |  | 1,086,526 |
Segment operating income |  | $ | 64,443 |  |  | $ | 22,989 |  |  | $ | 38,573 |  |  | $ | 4,327 |  |  | $ | 130,332 |
Other operating loss (2) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (9,650 | )
Total consolidated operating income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 120,682 |

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