Purchase Commitments

12 Months Ended

Dec. 31, 2014

Commitments and Contingencies Disclosure [Abstract]

Purchase Commitments

As of December 31, 2014, the Company had commitments outstanding to acquire revenue equipment in 2015 for approximately $791.3 million and in 2016-2017 for approximately $379.6 million. The Company generally has the option to cancel tractor purchase orders with 60 days to 90 days notice prior to the scheduled production, although the notice period has lapsed for approximately 13.0% of the tractor commitments outstanding as of December 31, 2014. These purchases are expected to be financed by the combination of operating leases, capital leases, debt, proceeds from sales of existing equipment and cash flows from operations.

As of December 31, 2014, the Company had outstanding purchase commitments of approximately $3.2 million for facilities and non-revenue equipment. Factors such as costs and opportunities for future terminal expansions may change the amount of such expenditures.

- Definition

The entire disclosure for significant arrangements with third parties, which includes operating lease arrangements and arrangements in which the entity has agreed to expend funds to procure goods or services, or has agreed to commit resources to supply goods or services, and operating lease arrangements. Descriptions may include identification of the specific goods and services, period of time covered, minimum quantities and amounts, and cancellation rights.

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