Segment Reporting

9 Months Ended

Sep. 30, 2012

Segment Reporting [Abstract]

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 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 the agents’ businesses, primarily financial support through interest bearing long-term loans, sales-type leases (which facilitate the acquisition of trucks by owner-operators), 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 and profits and interest earned on sales-type leases.

Results of operations by segment for the three and nine months ended September 30, 2012 and 2011 as well as total assets as of September 30, 2012 and 2011, are summarized below:

	Three months ended September 30, 2012						Three months ended September 30, 2011
	Transportation Services		Agent Support Services		Total		Transportation Services		Agent Support Services		Total
Gross revenues	$	70,596,000	$	1,260,000	$	71,856,000	$	85,262,000	$	97,000	$	85,359,000
Purchased transportation		56,251,000		-		56,251,000		69,740,000		-		69,740,000
Purchased equipment for resale		-		818,000		818,000		-		-		-
Commissions		9,308,000		-		9,308,000		10,906,000		-		10,906,000
Operating expenses		3,096,000		68,000		3,164,000		3,000,000		62,000		3,062,000
Income from operations		1,941,000		374,000		2,315,000		1,616,000		35,000		1,651,000
Interest expense		75,000				75,000		119,000		-		119,000
Income taxes		708,000		142,000		850,000		574,000		14,000		588,000
Net income	$	1,158,000	$	232,000	$	1,390,000	$	923,000	$	21,000	$	944,000

	Nine months ended September 30, 2012						Nine months ended September 30, 2011
	Transportation Services		Agent Support Services		Total		Transportation Services		Agent Support Services		Total
Gross revenues	$	201,126,000	$	1,727,000	$	202,853,000	$	246,643,000	$	1,160,000	$	247,803,000
Purchased transportation		161,313,000		-		161,313,000		202,528,000		-		202,528,000
Purchased equipment for resale		-		1,101,000		1,101,000		-		-		-
Commissions		25,667,000		-		25,667,000		32,693,000		-		32,693,000
Operating expenses		8,921,000		205,000		9,126,000		7,905,000		193,000		8,098,000
Income from operations		5,225,000		421,000		5,646,000		3,517,000		967,000		4,484,000
Interest expense		247,000		-		247,000		403,000		-		403,000
Income taxes		1,930,000		164,000		2,094,000		1,195,000		377,000		1,572,000
Net income	$	3,048,000	$	257,000	$	3,305,000	$	1,919,000	$	590,000	$	2,509,000
Assets	$	53,614,000	$	9,077,000	$	62,691,000	$	63,971,000	$	5,539,000	$	69,510,000