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Related Party Transactions
12 Months Ended
Dec. 31, 2014
Related Party Transactions [Abstract]  
Related Party Transactions
RELATED PARTY TRANSACTIONS
The Company leases land from a trust in which the Company’s principal stockholder is the sole trustee. The annual rent payments under this lease are $1.00 per year. The Company is responsible for all real estate taxes and maintenance costs related to the property, which were $71,000 in 2014 and are recorded as expenses in the Consolidated Statements of Income. The Company has made leasehold improvements to the land totaling approximately $6.5 million for facilities used for business meetings and customer promotion.
The Company transacts business with TDR Transportes, S.A. de C.V. (“TDR”), a truckload carrier in the Republic of Mexico, for certain purchased transportation needs. The Company recorded operating revenues from TDR of approximately $4,623,000 in 2014, $4,141,000 in 2013 and $3,836,000 in 2012 related primarily to leasing revenue equipment and a terminal building. The Company recorded purchased transportation expense to TDR of approximately $651,000 in 2014, $603,000 in 2013 and $608,000 in 2012. The Company also sells used revenue equipment to this entity. These sales totaled $2,154,000 in 2014, $2,275,000 in 2013 and $1,551,000 in 2012, and the Company recognized net gains of $858,000 in 2014, $1,449,000 in 2013 and $823,000 in 2012. The Company had receivables from TDR, primarily related to the leases and revenue equipment sales, of $442,000 at December 31, 2014, $858,000 at December 31, 2013 and $2,105,000 at December 31, 2012.