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Note 4 - Segment Information (Tables)

9 Months Ended

Sep. 30, 2025

Notes Tables

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

(in thousands)
Three Months Ended September 30, 2025		Expedited				Dedicated				Managed Freight				Warehousing				Total
Revenues
Freight revenue		$	80,184			$	91,581			$	72,220			$	24,802			$	268,787
Fuel surcharge revenue(1)			14,448				13,439				-				162				28,049
Subtotal operating revenues		$	94,632			$	105,020			$	72,220			$	24,964			$	296,836
Other revenues																			53
Total revenue																		$	296,889
Operating expenses:
Salaries, wages, and related expenses			30,756				43,760				2,758				12,044
Fuel expense			14,584				14,690				-				167
Operations and maintenance			10,099				12,667				689				1,471
Revenue equipment rentals and purchased transportation			17,742				8,453				62,545				1,052
Operating taxes and licenses			356				667				18				383
Insurance and claims			6,647				5,057				205				220
Communications and utilities			-				196				7				249
General supplies and expenses			235				482				769				4,161
Depreciation and amortization			1				4,369				22				461
Loss on disposition of property and equipment, net			-				(63	)			-				-
Total allocated overhead			9,133				10,643				2,247				2,258
Segment operating expenses			89,553				100,921				69,260				22,466				282,200
Subtotal operating income		$	5,079			$	4,099			$	2,960			$	2,498			$	14,689
Other (2)																			(6,763	)
Total consolidated operating income																			7,926
Interest expense, net																			(3,468	)
Income from equity method investment																			3,578
Income before income taxes																		$	8,036

(in thousands)
Three Months Ended September 30, 2024		Expedited				Dedicated				Managed Freight				Warehousing				Total
Revenues
Freight revenue		$	87,363			$	82,676			$	63,385			$	25,175			$	258,599
Fuel surcharge revenue(1)			16,951				12,039				-				296				29,286
Subtotal operating revenues		$	104,314			$	94,715			$	63,385			$	25,471			$	287,885
Other revenues																			-
Total revenue																		$	287,885
Operating expenses:
Salaries, wages, and related expenses			33,750				36,873				2,756				11,589
Fuel expense			15,469				12,686				-				347
Operations and maintenance			10,182				8,998				968				1,374
Revenue equipment rentals and purchased transportation			16,571				7,361				53,067				1,241
Operating taxes and licenses			358				461				11				506
Insurance and claims			6,638				4,176				428				203
Communications and utilities			-				140				5				224
General supplies and expenses			256				486				766				4,329
Depreciation and amortization			4				3,317				21				455
Gain on disposition of property and equipment, net			-				(132	)			-				-
Total allocated overhead			8,814				9,555				2,417				2,452
Segment operating expenses			92,042				83,921				60,439				22,720				259,122
Segment operating income		$	12,272			$	10,794			$	2,946			$	2,751			$	28,763
Other (2)																			(12,528	)
Total consolidated operating income																			16,235
Interest expense, net																			(3,204	)
Income from equity method investment																			3,993
Income before income taxes																		$	17,024

(in thousands)
Nine Months Ended September 30, 2025		Expedited				Dedicated				Managed Freight				Warehousing				Total
Revenues
Freight revenue		$	243,662			$	263,827			$	206,620			$	74,429			$	788,538
Fuel surcharge revenue(1)			42,963				37,079				-				465				80,507
Subtotal operating revenues		$	286,625			$	300,906			$	206,620			$	74,894			$	869,045
Other revenues																			53
Total revenue																		$	869,098
Operating expenses:
Salaries, wages, and related expenses			94,398				125,160				7,880				35,822
Fuel expense			43,854				41,328				-				498
Operations and maintenance			31,263				34,581				1,195				4,154
Revenue equipment rentals and purchased transportation			51,439				26,027				176,734				3,302
Operating taxes and licenses			1,033				1,927				84				1,732
Insurance and claims			19,964				15,221				361				666
Communications and utilities			1				583				25				716
General supplies and expenses			704				1,616				2,444				13,308
Depreciation and amortization			4				12,658				65				1,419
Loss on disposition of property and equipment, net			-				225				-				-
Total allocated overhead			25,830				29,308				6,870				7,019
Segment operating expenses			268,490				288,634				195,658				68,636				821,418
Segment operating income		$	18,135			$	12,272			$	10,962			$	6,258			$	47,680
Other (2)																			(20,564	)
Total consolidated operating income																			27,116
Interest expense, net																			(8,795	)
Income from equity method investment																			11,622
Income before income taxes																		$	29,943

(in thousands)
Nine Months Ended September 30, 2024		Expedited				Dedicated				Managed Freight				Warehousing				Total
Revenues
Freight revenue		$	262,881			$	237,124			$	186,668			$	76,123			$	762,796
Fuel surcharge revenue(1)			54,914				35,538				-				897				91,349
Subtotal operating revenues		$	317,795			$	272,662			$	186,668			$	77,020			$	854,145
Other revenues																			-
Total revenue																		$	854,145
Operating expenses:
Salaries, wages, and related expenses			103,673				104,485				6,819				35,270
Fuel expense			50,028				37,589				-				1,155
Operations and maintenance			30,050				27,110				1,149				4,092
Revenue equipment rentals and purchased transportation			50,892				22,634				158,638				3,671
Operating taxes and licenses			1,310				1,002				34				1,794
Insurance and claims			19,968				11,830				676				601
Communications and utilities			1				315				16				669
General supplies and expenses			704				1,605				2,267				12,679
Depreciation and amortization			19				8,557				63				1,291
Gain on disposition of property and equipment, net			-				(170	)			-				-
Total allocated overhead			25,177				26,283				7,523				7,262
Segment operating expenses			281,822				241,240				177,185				68,484				768,731
Segment operating income		$	35,973			$	31,422			$	9,483			$	8,536			$	85,414
Other (2)																			(49,267	)
Total consolidated operating income																			36,147
Interest expense, net																			(10,341	)
Income from equity method investment																			11,763
Income before income taxes																		$	37,569

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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