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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
OPERATING REVENUES:        
Operating revenues $ 182,948 $ 207,412 $ 365,540 $ 429,136
OPERATING EXPENSES AND COSTS:        
Salaries, wages and benefits 43,759 47,828 87,822 96,106
Operating supplies and expenses 35,309 39,716 70,020 81,210
Rent and purchased transportation 74,803 78,329 148,082 165,425
Depreciation 18,705 15,757 37,640 32,254
Insurance and claims 5,464 5,045 10,325 20,059
Other 5,752 7,208 12,931 12,631
(Gain)/Loss on disposition of equipment (139) (260) 101 (836)
Total operating expenses and costs 183,653 193,623 366,921 406,849
OPERATING (LOSS)/INCOME (705) 13,789 (1,381) 22,287
NON-OPERATING INCOME 209 1,192 4,147 2,091
INTEREST EXPENSE (3,284) (2,163) (6,167) (4,519)
(LOSS)/INCOME BEFORE INCOME TAXES (3,780) 12,818 (3,401) 19,859
FEDERAL AND STATE INCOME TAX (BENEFIT)/EXPENSE:        
Current (47) 1,609 59 3,980
Deferred (823) 1,890 (831) 1,329
Total federal and state income tax (benefit)/expense (870) 3,499 (772) 5,309
Net income $ (2,910) $ 9,319 $ (2,629) $ 14,550
(LOSS)/INCOME PER COMMON SHARE:        
Basic (in dollars per share) $ (0.13) $ 0.42 $ (0.12) $ 0.66
Diluted (in dollars per share) $ (0.13) $ 0.42 $ (0.12) $ 0.65
AVERAGE COMMON SHARES OUTSTANDING:        
Basic (in shares) [1] 21,932 22,036 21,981 22,092
Diluted (in shares) [1] 21,932 22,182 21,981 22,253
Freight Transportation Service [Member]        
OPERATING REVENUES:        
Operating revenues $ 160,213 $ 182,082 $ 321,182 $ 375,536
Fuel Surcharge [Member]        
OPERATING REVENUES:        
Operating revenues $ 22,735 $ 25,330 $ 44,358 $ 53,600
[1] As adjusted for the Company’s 2-for-1 forward stock splits paid in August 2021 and March 2022, respectively.