v2.4.0.6
Segment Reporting
 12 Months Ended
Dec. 31, 2012
Segment Reporting [Abstract]  
Segment Reporting

Note 11 - Segment Reporting

 

The Company operates in two business segments, non-asset based transportation services and agent support services. The non-asset based transportation services segment includes our brokerage and contract carrier services which are provided through a network of independent sales agents throughout the United States and Canada. Revenue in this segment is generated from freight transportation transactions.  The agent support services segment includes an array of services that we provide to our agent network to support and encourage the expansion of our agents’ businesses, primarily financial support through interest bearing long-term loans, sales-type leases (which facilitate the acquisition of trucks by owner-operators), and non-interest bearing short-term loans, as well as other services including training, margin analysis, marketing assistance, industry and market segment data, and business analysis tools. Revenue in this segment consists primarily of interest on interest bearing loans and profits and interest on sales-type leases.         

 

Our gross revenues, expenses, and total assets by segment as of and for the years ended December 31, 2012 and 2011 are summarized below:

  

2012   Transportation
Services		     Agent 
Support
Services		     Total  
                   
Gross revenues   $ 276,198,000     $ 1,973,000     $ 278,171,000  
Purchased transportation     221,366,000       -       221,366,000  
Purchased equipment for resale     -       1,178,000       1,178,000  
Commissions     34,379,000       -       34,379,000  
Operating expenses     13,514,000       316,000       13,830,000  
Income from operations     6,939,000       479,000       7,418,000  
Interest expense     323,000       -       323,000  
Income taxes     2,554,000       185,000       2,739,000  
Net income   $ 4,062,000     $ 294,000     $ 4,356,000  
                         
Assets   $ 54,968,000     $ 9,436,000     $ 64,404,000  

  

2011   Transportation
Services		     Agent
 Support
Services		     Total  
                   
Gross revenues   $ 318,080,000     $ 1,890,000     $ 319,970,000  
Purchased transportation     259,493,000       -       259,493,000  
Purchased equipment for resale     -       566,000       566,000  
Commissions     41,371,000       -       41,371,000  
Operating expenses     11,837,000       271,000       12,108,000  
Income from operations     5,379,000       1,053,000       6,432,000  
Interest expense     520,000       -       520,000  
Income taxes     1,868,000       406,000       2,274,000  
Net income   $ 2,991,000     $ 647,000     $ 3,638,000  
                         
Assets   $ 52,967,000     $ 6,140,000     $ 59,107,000  

 

Our gross revenues and expenses as of and for the year ended December 31, 2011 presented on a Pro-Forma basis are summarized below:

  

2011   Transportation
Services		     Agent
 Support
Services		     Total  
                   
Gross revenues   $ 253,038,000     $ 904,000     $ 253,942,000  
Purchased transportation     203,042,000       -       203,042,000  
Purchased equipment for resale     -       566,000       566,000  
Commissions     31,601,000       -       31,601,000  
Operating expenses     12,003,000       271,000       12,274,000  
Income from operations     6,392,000       67,000       6,459,000  
Interest expense     520,000       -       520,000  
Income taxes     2,261,000       23,000       2,284,000  
Net income   $ 3,611,000     $ 44,000     $ 3,655,000