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Note 10 - Segment Information, Significant Customers, Industry Concentration and Geographic Areas | 12 Months Ended
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Dec. 31, 2024
Notes to Financial Statements |
Segment Reporting and Concentration Risk Disclosure [Text Block] |
10. | SEGMENT INFORMATION, SIGNIFICANT CUSTOMERS, INDUSTRY CONCENTRATION AND GEOGRAPHIC AREAS
The Company's revenues for 2024, 2023 and 2022 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. Both our truckload operations and our brokerage/logistics operations have similar economic characteristics and are impacted by virtually the same economic factors as discussed elsewhere in this Report. Based on the Company’s segment identification, interpretation of the aggregation criteria outlined in ASC 280-10-50-11, and the similar qualitative and quantitative economic characteristics of the Company’s operating segments, the operations of the Company is aggregated into a single motor carrier segment. The Company’s chief operating decision maker, the Chief Executive Officer, utilizes the metrics of net income and operating ratio to evaluate company performance and in competitive analysis when comparing to competing companies. The accounting policies of the motor carrier segment are the same as those described in the summary of accounting policies found in this report. The table below presents revenue dollars and percentages by geographic area:
|  | Year Ended December 31, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
|  | (in thousands) |
|  | Amount |  |  | Percent |  |  | Amount |  |  | Percent |  |  | Amount |  |  | Percent |
United States - domestic shipments |  | $ | 448,137 |  |  |  | 62.1 |  |  | $ | 512,552 |  |  |  | 63.2 |  |  | $ | 629,921 |  |  |  | 66.5 |
Shipments to or from Mexico |  |  | 265,386 |  |  |  | 37.7 |  |  |  | 296,696 |  |  |  | 36.6 |  |  |  | 313,885 |  |  |  | 33.2 |
Shipments to or from Canada |  |  | 1,123 |  |  |  | 0.2 |  |  |  | 1,559 |  |  |  | 0.2 |  |  |  | 3,056 |  |  |  | 0.3 |
Total |  | $ | 714,646 |  |  |  | 100 | % |  | $ | 810,807 |  |  |  | 100 | % |  | $ | 946,862 |  |  |  | 100 | %
Our five largest customers, for which we provide carrier services covering a number of geographic locations, accounted for approximately 39%, 34% and 39% of our total revenues in 2024, 2023 and 2022, respectively. General Motors Company accounted for approximately 12%, 12% and 13% of our revenues in 2024, 2023 and 2022, respectively. We also provide transportation services to other manufacturers who are suppliers for automobile manufacturers. Approximately 32%, 30% and 31% of our revenues were derived from transportation services provided to the automobile industry during 2024, 2023 and 2022, respectively. Accounts receivable from the three largest customers totaled approximately $25,384,000 and $24,665,000 at December 31, 2024 and 2023, 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. + References No definition available. + Details
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