Purchase Commitments

9 Months Ended

Sep. 30, 2016

Long-term Commitment (Excluding Unconditional Purchase Obligation) [Abstract]

As of September 30, 2016, the Company's outstanding commitments to acquire revenue equipment were as follows:


•	remainder of 2016: $174.3 million ($103.2 million of which were tractor commitments),


•	year-ended December 31, 2017: $190.9 million ($190.9 million of which were tractor commitments), and


•	thereafter: none.

The Company has the option to cancel tractor purchase orders with 60 to 90 days' notice prior to the scheduled production, although the notice period has lapsed for 35.1% of the tractor commitments outstanding as of September 30, 2016. 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 September 30, 2016, the Company had $0.3 million in outstanding purchase commitments for non-revenue equipment and no purchase commitments for facilities. Factors such as costs and opportunities for future terminal expansions may change the amount of such expenditures.