Segment Reporting

6 Months Ended

Jun. 30, 2011

Segment Reporting

Note 3 - 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 the Company’s 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 the Company provides to its agent network to support and encourage the expansion of agents’ businesses, primarily financial support through interest bearing long-term loans 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. This segment also includes potential revenues related to profit participations and realization on options to acquire equity that the Company may receive related to a loan or advance extended to an agent.

Results of operations by segment for the three and six months ended June 30, 2011 and 2010 as well as total assets as of June 30, 2011 and 2010, are summarized below:

	Three months ended June 30, 2011						Three months ended June 30, 2010
	Transportation Services		Agent  Support Services		Total		Transportation Services		Agent Support Services		Total
Gross revenues	$	86,438,000	$	527,000	$	86,965,000	$	69,070,000	$	491,000	$	69,561,000
Purchased transportation		71,001,000		-		71,001,000		56,503,000		-		56,503,000
Commissions		11,711,000		-		11,711,000		9,662,000		-		9,662,000
Operating expenses		2,595,000		66,000		2,661,000		1,943,000		73,000		2,016,000
Income from operations		1,131,000		461,000		1,592,000		962,000		418,000		1,380,000
Interest expense		122,000				122,000		193,000		-		193,000
Income taxes		388,000		177,000		565,000		297,000		162,000		459,000
Net income	$	621,000	$	284,000	$	905,000	$	472,000	$	256,000	$	728,000

	Six months ended June 30, 2011						Six months ended June 30, 2010
	Transportation Services		Agent  Support Services		Total		Transportation Services		Agent Support Services		Total
Gross revenues	$	161,381,000	$	1,063,000	$	162,444,000	$	125,500,000	$	976,000	$	126,476,000
Purchased transportation		132,788,000		-		132,788,000		102,526,000		-		102,526,000
Commissions		21,788,000		-		21,788,000		17,715,000		-		17,715,000
Operating expenses		4,905,000		131,000		5,036,000		3,855,000		139,000		3,994,000
Income from operations		1,900,000		932,000		2,832,000		1,404,000		837,000		2,241,000
Interest expense		283,000		-		283,000		354,000		-		354,000
Income taxes		624,000		360,000		984,000		408,000		326,000		734,000
Net income	$	993,000	$	572,000	$	1,565,000	$	642,000	$	511,000	$	1,153,000
Assets	$	52,719,000	$	15,292,000	$	68,011,000	$	46,381,000	$	15,278,000	$	61,659,000