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Note 11 - Segment Information, Significant Customers, Industry Concentration and Geographic Areas

12 Months Ended

Dec. 31, 2018

Notes to Financial Statements

Segment Reporting and Concentration Risk Disclosure [Text Block]

11. SEGMENT INFORMATION, SIGNIFICANT CUSTOMERS, INDUSTRY CONCENTRATION AND GEOGRAPHIC AREAS

The Company's revenues for

2018,

2017

and

2016

were all generated from operations in the motor carrier segment and are aggregated into a single reporting segment in accordance with the aggregation criteria under GAAP.

The table below presents revenue dollars and percentages by geographic area:

		Year ended December 31,
		2018								2017								2016
		(in thousands)
		Amount				Percent				Amount				Percent				Amount				Percent
United States - domestic shipments		$	302,754				56.8			$	255,197				58.3			$	251,390				58.1
Shipments to or from Mexico			229,350				43.0				181,099				41.4				181,159				41.9
Shipments to or from Canada			1,157				0.2				1,542				0.3				303				-
Total Operating Revenues		$	533,261				100	%			437,838				100	%		$	432,852				100	%

Our

five

largest customers, for which we provide carrier services covering a number of geographic locations, accounted for approximately

42%,

41%

and

43%

of our total revenues in

2018,

2017

and

2016,

respectively. Fiat Chrysler Automobiles accounted for approximately

16%,

10%

and

9%

of our revenues in

2018,

2017

and

2016,

respectively. General Motors Company accounted for approximately

13%,

18%

and

18%

of our revenues in

2018,

2017

and

2016,

respectively. Ford Motor Company accounted for approximately

8%,

9%

and

10%

of our revenues in

2018,

2017

and

2016,

respectively.

We also provide transportation services to other manufacturers who are suppliers for automobile manufacturers. Approximately

46%,

46%

and

45%

of our revenues were derived from transportation services provided to the automobile industry during

2018,

2017

and

2016,

respectively.

Accounts receivable from the

three

largest customers totaled approximately

$30,848,000

and

$29,788,000

at

December 31, 2018

and

2017,

respectively.

X

- Definition

The entire disclosure for reporting segments including data and tables and also the entire disclosure of any concentrations existing at the date of the financial statements that make an entity vulnerable to a reasonably possible, near-term, severe impact. This disclosure informs financial statement users about the general nature of the risk associated with the concentration, and may indicate the percentage of concentration risk as of the balance sheet date.

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