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Note F - Segment Information

9 Months Ended

Sep. 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 September 30,								Nine Months Ended September 30,
	2025				2024				2025				2024
	Amount		%		Amount		%		Amount		%		Amount		%
	(in thousands)

Truckload Services revenue	$	91,189		68.6	$	110,609		68.8	$	276,442		68.5	$	319,363		66.3
Brokerage and Logistics Services revenue		41,759		31.4		50,190		31.2		127,013		31.5		162,617		33.7
Total revenues	$	132,948		100.0	$	160,799		100.0	$	403,455		100.0	$	481,980		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 September 30,								Nine Months Ended September 30,
	2025				2024				2025				2024
	Amount		%		Amount		%		Amount		%		Amount		%
	(in thousands, except percentage data)

United States - domestic shipments	$	82,919		55.2	$	111,031		60.8	$	250,925		54.9	$	347,748		63.4
Shipments to or from Mexico	$	67,062		44.6	$	71,287		39.0	$	204,838		44.9	$	199,496		36.4
Shipments to or from Canada	$	283		0.2	$	259		0.2	$	977		0.2	$	872		0.2
Total	$	150,264		100.0	$	182,577		100.0	$	456,740		100.0	$	548,116		100.0