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Note F - Segment Information

3 Months Ended

Mar. 31, 2025

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 can be aggregated into a single reportable segment. Both our truckload operations and our brokerage/logistics operations have similar qualitative and quantitative economic characteristics and are impacted by virtually the same economic factors. 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 are 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.

Truckload Services revenues and Brokerage and Logistics Services revenues, each before fuel surcharges, were as follows:

		Three Months Ended March 31,
		2025								2024
		Amount				%				Amount				%
		(in thousands, except percentage data)
Truckload Services revenue		$	92,429				67.6			$	102,200				63.5
Brokerage and Logistics Services revenue			44,272				32.4				58,769				36.5
Total revenues		$	136,701				100.0			$	160,969				100.0

The Company provides truckload transportation services as well as brokerage and logistics services to customers throughout the United States and portions of Canada and Mexico. The table below presents revenue dollars and percentages by geographic area:

		Quarter Ended March 31,
		2025								2024
		(in thousands)
		Amount				Percent				Amount				Percent
United States - domestic shipments		$	83,917				54.0			$	118,909				65.1
Shipments to or from Mexico			71,025				45.7				63,381				34.7
Shipments to or from Canada			400				0.3				302				0.2
Total		$	155,342				100%			$	182,592				100%

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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