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Note 11 - Acquisitions
6 Months Ended
Dec. 31, 2015
Notes to Financial Statements  
Mergers, Acquisitions and Dispositions Disclosures [Text Block]
1
1
.         
Acquisitions
 
Immaterial acquis
itions for the period
ended December 31, 2015
 
In July 2015, we acquired certain assets of Buckler Transport, Inc. (“Buckler”) in Roulette, PA, for $13.7 million. The assets acquired include tractors and trailers that we intend to operate in the short term. We used borrowings under our existing credit facility to fund the purchase price. The purposes of the acquisition were to offer employment opportunities to Buckler drivers and to diversify into the hot asphalt and fracking industry.
We will also continue to service Buckler customers.
 
In November 2015, we acquired certain assets of Distribution, Inc. dba FTL, Inc. (“FTL”) in Clackamas, OR, for $5.4 million. The assets acquired include tractors and trailers that we intend to operate in the short term. We used borrowings under our existing credit facility to fund the purchase price. The purpose of the acquisition was to offer employment opportunities to FTL drivers and continue dry-van service for the FTL customers.