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Note F - Segment Information

6 Months Ended

Jun. 30, 2025

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 June 30,								Six Months Ended June 30,
	2025				2024				2025				2024
	Amount		%		Amount		%		Amount		%		Amount		%
	(in thousands)

Truckload Services revenue	$	92,824		69.4	$	106,554		66.5	$	185,253		68.5	$	208,754		65.0
Brokerage and Logistics Services revenue		40,982		30.6		53,659		33.5		85,254		31.5		112,428		35.0
Total revenues	$	133,806		100.0	$	160,213		100.0	$	270,507		100.0	$	321,182		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, each including fuel surcharges, by geographic area:

	Three Months Ended June 30,								Six Months Ended June 30,
	2025				2024				2025				2024
	Amount		%		Amount		%		Amount		%		Amount		%
	(in thousands, except percentage data)

United States - domestic shipments	$	84,304		55.8	$	117,817		64.4	$	168,149		54.9	$	236,719		64.7
Shipments to or from Mexico	$	66,537		44.0	$	64,821		35.4	$	137,634		44.9	$	128,209		35.1
Shipments to or from Canada	$	293		0.2	$	310		0.2	$	693		0.2	$	612		0.2
Total	$	151,134		100.0	$	182,948		100.0	$	306,476		100.0	$	365,540		100.0