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Note 8 - Commitments and Contingencies
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12 Months Ended |
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Jun. 30, 2012
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| Commitments and Contingencies Disclosure [Text Block] |
(8)
COMMITMENTS AND
CONTINGENCIES
The
Company has outstanding commitments to purchase
approximately $63.6 million of revenue equipment at June
30, 2012.
Standby
letters of credit, not reflected in the accompanying
consolidated financial statements, aggregated approximately
$0.4 million at June 30, 2012. In addition,
at June 30, 2012, 800,000 treasury shares were held in a
trust as collateral for self-insurance reserves.
The
Company has an employment agreement with the Chief
Executive Officer providing for minimum combined annual
compensation of $700,000 in fiscal 2013.
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