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Note F - Segment Information

3 Months Ended

Mar. 31, 2024

Notes to Financial Statements

Segment Reporting and Concentration Risk Disclosure [Text Block]

NOTE F: SEGMENT INFORMATION

The Company follows the guidance provided by ASC Topic 280, Segment Reporting, in its identification of operating segments. The Company has determined that it has a total of two operating segments whose primary operations can be characterized as either Truckload Services or Brokerage and Logistics Services; however, in accordance with the aggregation criteria provided by FASB ASC Topic 280, the Company has determined that the operations of the two operating segments have similar economic characteristics and can be aggregated into a single reportable segment, Motor Carrier Operations. Truckload Services revenues and Brokerage and Logistics Services revenues, each before fuel surcharges, were as follows:

		Three Months Ended March 31,
		2024								2023
		Amount				%				Amount				%
		(in thousands, except percentage data)
Truckload Services revenue		$	102,200				63.5			$	125,198				64.7
Brokerage and Logistics Services revenue			58,769				36.5				68,256				35.3
Total revenues		$	160,969				100.0			$	193,454				100.0

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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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