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Note 10 - Segment Information, Significant Customers, Industry Concentration and Geographic Areas Dividends

12 Months Ended

Dec. 31, 2020

Notes to Financial Statements

Segment Reporting and Concentration Risk Disclosure [Text Block]

10. SEGMENT INFORMATION, SIGNIFICANT CUSTOMERS, INDUSTRY CONCENTRATION AND GEOGRAPHIC AREAS DIVIDENDS

The Company's revenues for 2020, 2019 and 2018 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,
		2020								2019								2018
		(in thousands)
		Amount				Percent				Amount				Percent				Amount				Percent
United States - domestic shipments		$	316,542				66.1			$	326,559				63.5			$	302,754				56.8
Shipments to or from Mexico			161,412				33.7				186,392				36.3				229,350				43.0
Shipments to or from Canada			1,156				0.2				1,226				0.2				1,157				0.2
Total Operating Revenues		$	479,110				100	%		$	514,177				100	%		$	533,261				100	%

Our five largest customers, for which we provide carrier services covering a number of geographic locations, accounted for approximately 35%, 40% and 42% of our total revenues in 2020, 2019 and 2018, respectively. General Motors Company accounted for approximately 15%, 19% and 13% of our revenues in 2020, 2019 and 2018, respectively. Fiat Chrysler Automobiles accounted for approximately 6%, 9% and 16% of our revenues in 2020, 2019 and 2018, respectively. Ford Motor Company accounted for approximately 5%, 7% and 8% of our revenues in 2020, 2019 and 2018, respectively.

We also provide transportation services to other manufacturers who are suppliers for automobile manufacturers. Approximately 30%, 40% and 46% of our revenues were derived from transportation services provided to the automobile industry during 2020, 2019 and 2018, respectively.

Accounts receivable from the three largest customers totaled approximately $25,593,000 and $31,327,000 at December 31, 2020 and 2019, respectively.

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- 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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