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Note 9 - Commitments and Contingencies
 3 Months Ended
Mar. 31, 2025
Notes to Financial Statements  
Commitments and Contingencies Disclosure [Text Block]

Note 9.

Commitments and Contingencies

 

From time-to-time, we are a party to ordinary, routine litigation arising in the ordinary course of business, most of which involves claims for personal injury and/or property damage incurred in connection with the transportation of freight.

 

We had $19.9 million and $19.8 million of outstanding and undrawn letters of credit as of March 31, 2025 and December 31, 2024. The letters of credit are maintained primarily to support our insurance programs. Additionally, we had $45.0 million of availability on a line of credit from Triumph solely to fund any indemnification owed to Triumph in relation to the TFS Settlement. As of  March 31, 2025 the remaining contingent liability was $0.6 million.