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Note 4 - Segment Information (Tables)

6 Months Ended

Jun. 30, 2025

Notes Tables

Schedule of Segment Reporting Information, by Segment [Table Text Block]

(in thousands)
Three Months Ended June 30, 2025		Expedited				Dedicated				Managed Freight				Warehousing				Consolidated
Revenues
Freight revenue		$	83,229			$	90,166			$	77,550			$	25,587			$	276,532
Fuel surcharge revenue(1)			14,071				12,111				-				140				26,322
Total revenue		$	97,300			$	102,277			$	77,550			$	25,727			$	302,854
Operating expenses:
Salaries, wages, and related expenses			32,153				42,041				2,844				12,350
Fuel expense			14,335				13,552				-				156
Operations and maintenance			10,322				11,300				563				1,534
Revenue equipment rentals and purchased transportation			17,136				9,230				66,558				1,173
Operating taxes and licenses			341				652				9				559
Insurance and claims			6,743				5,170				25				239
Communications and utilities			-				224				8				227
General supplies and expenses			225				631				885				4,742
Depreciation and amortization			1				4,222				22				476
Loss on disposition of property and equipment, net			-				207				-				-
Total allocated overhead			8,578				8,835				2,174				2,355
Segment operating expenses			89,834				96,064				73,088				23,811				282,797
Segment operating income		$	7,466			$	6,213			$	4,462			$	1,916			$	20,057
Other (2)																			(8,494	)
Total consolidated operating income																			11,563
Interest expense, net																			(2,470	)
Income from equity method investment																			4,268
Income before income taxes																		$	13,361

(in thousands)
Three Months Ended June 30, 2024		Expedited				Dedicated				Managed Freight				Warehousing				Consolidated
Revenues
Freight revenue		$	88,918			$	81,853			$	60,366			$	25,375			$	256,512
Fuel surcharge revenue(1)			19,092				11,612				-				281				30,985
Total revenue		$	108,010			$	93,465			$	60,366			$	25,656			$	287,497
Operating expenses:
Salaries, wages, and related expenses			35,135				36,119				2,086				11,563
Fuel expense			16,740				12,118				-				371
Operations and maintenance			10,004				9,247				35				1,378
Revenue equipment rentals and purchased transportation			17,411				7,399				50,968				1,129
Operating taxes and licenses			479				298				10				750
Insurance and claims			6,776				4,066				29				202
Communications and utilities			-				99				5				218
General supplies and expenses			219				547				754				4,353
Depreciation and amortization			8				2,874				21				456
Gain on disposition of property and equipment, net			-				(85	)			-				-
Total allocated overhead			8,407				8,477				2,650				2,341
Segment operating expenses			95,179				81,159				56,558				22,761				255,657
Segment operating income		$	12,831			$	12,306			$	3,808			$	2,895			$	31,840
Other (2)																			(16,263	)
Total consolidated operating income																			15,577
Interest expense, net																			(3,799	)
Income from equity method investment																			4,094
Income before income taxes																		$	15,872

(in thousands)
Six Months Ended June 30, 2025		Expedited				Dedicated				Managed Freight				Warehousing				Consolidated
Revenues
Freight revenue		$	163,478			$	172,246			$	134,400			$	49,627			$	519,751
Fuel surcharge revenue(1)			28,515				23,640				-				303				52,458
Total revenue		$	191,993			$	195,886			$	134,400			$	49,930			$	572,209
Operating expenses:
Salaries, wages, and related expenses			63,642				81,400				5,122				23,777
Fuel expense			29,270				26,662				-				331
Operations and maintenance			21,165				21,915				506				2,683
Revenue equipment rentals and purchased transportation			33,697				17,574				114,189				2,251
Operating taxes and licenses			677				1,260				66				1,349
Insurance and claims			13,317				10,163				157				446
Communications and utilities			1				387				18				467
General supplies and expenses			469				1,134				1,675				9,146
Depreciation and amortization			3				8,289				43				957
Loss on disposition of property and equipment, net			-				288				-				-
Total allocated overhead			16,696				18,554				4,622				4,763
Segment operating expenses			178,937				187,626				126,398				46,170				539,131
Segment operating income		$	13,056			$	8,260			$	8,002			$	3,760			$	33,078
Other (2)																			(13,888	)
Total consolidated operating income																			19,190
Interest expense, net																			(5,327	)
Income from equity method investment																			8,044
Income before income taxes																		$	21,907

(in thousands)
Six Months Ended June 30, 2024		Expedited				Dedicated				Managed Freight				Warehousing				Consolidated
Revenues
Freight revenue		$	175,518			$	154,448			$	123,283			$	50,948			$	504,197
Fuel surcharge revenue(1)			37,963				23,499				-				601				62,063
Total revenue		$	213,481			$	177,947			$	123,283			$	51,549			$	566,260
Operating expenses:
Salaries, wages, and related expenses			69,922				67,612				4,063				23,682
Fuel expense			34,559				24,914				-				807
Operations and maintenance			19,868				18,112				180				2,718
Revenue equipment rentals and purchased transportation			34,321				15,273				105,571				2,430
Operating taxes and licenses			952				541				23				1,287
Insurance and claims			13,329				7,654				248				399
Communications and utilities			1				175				11				444
General supplies and expenses			448				1,119				1,500				8,350
Depreciation and amortization			16				5,240				42				835
Gain on disposition of property and equipment, net			-				(38	)			-				-
Total allocated overhead			16,366				16,716				5,107				4,811
Segment operating expenses			189,782				157,318				116,745				45,763				509,608
Segment operating income		$	23,699			$	20,629			$	6,538			$	5,786			$	56,652
Other (2)																			(36,740	)
Total consolidated operating income																			19,912
Interest expense, net																			(7,137	)
Income from equity method investment																			7,770
Income before income taxes																		$	20,545

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

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- References

No definition available.

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