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Pay vs Performance Disclosure - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Pay vs Performance Disclosure        
Pay vs Performance Disclosure, Table
The following table presents information about our Named Executive Officers’ pay and Company performance for each of the Company’s four most recently completed fiscal years.
PAY VERSUS PERFORMANCE TABLE
Value of Initial Fixed $100 Investment Based On:
Year
Summary
Compensation
Table Total for
CEO ($) (1)
Compensation
Actually Paid
to CEO ($) (1)(2)
Average
Summary
Compensation
Table Total
for Non-CEO
NEOs ($) (3)
Average
Compensation
Actually Paid
to Non-CEO
NEOs ($) (2)(3)
Total
Share-
holder
Return
($)
2023 Peer Group
Total
Share-
holder
Return
($) (4)
2022 Peer Group
Total
Share-
holder
Return
($) (4)
Net
Income ($)
(in 000’s)
Operating
Income ($)
(in 000’s)
20235,446,752 3,516,805 1,113,639 899,065 122 228 228 112,290 176,416 
20225,460,198 2,465,428 1,094,807 701,308 115 175 175 245,580 323,076 
20215,314,351 8,798,833 1,133,218 1,587,300 134 213 212 261,478 309,146 
20204,810,029 6,822,876 1,102,850 1,423,523 109 131 131 169,078 227,438 
 
(1)
Represents compensation of Mr. Leathers for all periods presented.
(2)
SEC rules require certain adjustments be made to the Summary Compensation Table totals to determine “compensation actually paid.” The Reconciliation of Compensation Actually Paid Adjustments table below details the applicable adjustments that were made to determine “compensation actually paid” (all amounts are averages for the non-CEO NEOs).
(3)
Compensation of Messrs. Schelble, Johnson, and Steele are included in the average compensation calculations for all periods presented. Messrs. Wikoff and Meisgeier are included in the average compensation calculations for 2023 and Mr. Nordlund is included in the average compensation calculations for 2022, 2021, and 2020.
(4)
In 2023, we selected a new Peer Group in order to more closely align with our benchmarking Peer Group. Our peer group includes companies similar to us in the transportation industry and has the following companies: ArcBest; Covenant Logistics Group; Daseke; Forward Air; Heartland Express; Hub Group; JB Hunt; Knight-Swift Transportation; Landstar System; Marten Transport; Old Dominion Freight Line; Saia; and Schneider National. We added Daseke to our 2023 peer group and removed US Xpress Enterprises, Inc. (acquired by Knight-Swift Transportation in 2023) and Yellow Corporation (ceased operations in 2023) from our 2023 and 2022 peer groups.
     
Named Executive Officers, Footnote
Represents compensation of Mr. Leathers for all periods presented.
Compensation of Messrs. Schelble, Johnson, and Steele are included in the average compensation calculations for all periods presented. Messrs. Wikoff and Meisgeier are included in the average compensation calculations for 2023 and Mr. Nordlund is included in the average compensation calculations for 2022, 2021, and 2020.
     
Peer Group Issuers, Footnote In 2023, we selected a new Peer Group in order to more closely align with our benchmarking Peer Group. Our peer group includes companies similar to us in the transportation industry and has the following companies: ArcBest; Covenant Logistics Group; Daseke; Forward Air; Heartland Express; Hub Group; JB Hunt; Knight-Swift Transportation; Landstar System; Marten Transport; Old Dominion Freight Line; Saia; and Schneider National. We added Daseke to our 2023 peer group and removed US Xpress Enterprises, Inc. (acquired by Knight-Swift Transportation in 2023) and Yellow Corporation (ceased operations in 2023) from our 2023 and 2022 peer groups.      
PEO Total Compensation Amount $ 5,446,752 $ 5,460,198 $ 5,314,351 $ 4,810,029
PEO Actually Paid Compensation Amount $ 3,516,805 2,465,428 8,798,833 6,822,876
Adjustment To PEO Compensation, Footnote
SEC rules require certain adjustments be made to the Summary Compensation Table totals to determine “compensation actually paid.” The Reconciliation of Compensation Actually Paid Adjustments table below details the applicable adjustments that were made to determine “compensation actually paid” (all amounts are averages for the non-CEO NEOs).
The following table reconciles total compensation reported in the Summary Compensation Table to “compensation actually paid” for the CEO and non-CEO NEOs (averaged) over the last four years.
RECONCILIATION OF COMPENSATION ACTUALLY PAID ADJUSTMENTS
Year
Summary
Compensation
Table
“Total”
Column ($)
Subtract
Summary
Compensation
Table
“Stock Awards”
Column ($)
Add
Year End
Fair Value of
Unvested
Equity Awards
Granted in
Year ($)
Add/ (Subtract)
Year Over Year
Change in
Fair Value of
Unvested
Equity Awards
Granted in
Prior Years ($)
Add/ (Subtract)
Year Over Year
Change in
Fair Value of
Equity Awards
Granted in
Prior Years that
Vested in
Year ($)
Subtract Fair
Value of Prior
Year Equity
Awards that
Failed to Meet
Vesting
Conditions in
Year ($)
Compensation
Actually
Paid ($)
CEO
20235,446,752 (3,600,000)2,433,079 (1,562,871)799,845 — 3,516,805 
20225,460,198 (3,200,000)2,507,777 (2,102,923)(199,624)— 2,465,428 
20215,314,351 (2,800,000)4,741,960 1,288,523 253,999 — 8,798,833 
20204,810,029 (2,800,000)4,252,764 302,174 257,909 — 6,822,876 
Non-CEO NEOs (Average)
20231,113,639 (430,000)343,301 (124,568)84,891 (88,198)899,065 
20221,094,807 (350,000)274,289 (287,911)(29,877)— 701,308 
20211,133,218 (312,500)529,187 195,957 41,438 — 1,587,300 
20201,102,850 (412,500)626,539 49,962 56,672 — 1,423,523 
     
Non-PEO NEO Average Total Compensation Amount $ 1,113,639 1,094,807 1,133,218 1,102,850
Non-PEO NEO Average Compensation Actually Paid Amount $ 899,065 701,308 1,587,300 1,423,523
Adjustment to Non-PEO NEO Compensation Footnote
SEC rules require certain adjustments be made to the Summary Compensation Table totals to determine “compensation actually paid.” The Reconciliation of Compensation Actually Paid Adjustments table below details the applicable adjustments that were made to determine “compensation actually paid” (all amounts are averages for the non-CEO NEOs).
The following table reconciles total compensation reported in the Summary Compensation Table to “compensation actually paid” for the CEO and non-CEO NEOs (averaged) over the last four years.
RECONCILIATION OF COMPENSATION ACTUALLY PAID ADJUSTMENTS
Year
Summary
Compensation
Table
“Total”
Column ($)
Subtract
Summary
Compensation
Table
“Stock Awards”
Column ($)
Add
Year End
Fair Value of
Unvested
Equity Awards
Granted in
Year ($)
Add/ (Subtract)
Year Over Year
Change in
Fair Value of
Unvested
Equity Awards
Granted in
Prior Years ($)
Add/ (Subtract)
Year Over Year
Change in
Fair Value of
Equity Awards
Granted in
Prior Years that
Vested in
Year ($)
Subtract Fair
Value of Prior
Year Equity
Awards that
Failed to Meet
Vesting
Conditions in
Year ($)
Compensation
Actually
Paid ($)
CEO
20235,446,752 (3,600,000)2,433,079 (1,562,871)799,845 — 3,516,805 
20225,460,198 (3,200,000)2,507,777 (2,102,923)(199,624)— 2,465,428 
20215,314,351 (2,800,000)4,741,960 1,288,523 253,999 — 8,798,833 
20204,810,029 (2,800,000)4,252,764 302,174 257,909 — 6,822,876 
Non-CEO NEOs (Average)
20231,113,639 (430,000)343,301 (124,568)84,891 (88,198)899,065 
20221,094,807 (350,000)274,289 (287,911)(29,877)— 701,308 
20211,133,218 (312,500)529,187 195,957 41,438 — 1,587,300 
20201,102,850 (412,500)626,539 49,962 56,672 — 1,423,523 
     
Compensation Actually Paid vs. Total Shareholder Return
The following graphs illustrate the relationships between each of the financial performance measures included in the Pay Versus Performance Table above and the compensation actually paid to the CEO and, on average, to non-CEO NEOs over the Company’s four most recently completed fiscal years.
1157
     
Compensation Actually Paid vs. Net Income
1160
     
Compensation Actually Paid vs. Company Selected Measure
1163
     
Total Shareholder Return Vs Peer Group
The following graphs illustrate the relationships between each of the financial performance measures included in the Pay Versus Performance Table above and the compensation actually paid to the CEO and, on average, to non-CEO NEOs over the Company’s four most recently completed fiscal years.
1157
     
Total Shareholder Return Amount $ 122 115 134 109
Peer Group Total Shareholder Return Amount 228 175 213 131
Net Income (Loss) $ 112,290,000 $ 245,580,000 $ 261,478,000 $ 169,078,000
Company Selected Measure Amount 176,416,000 323,076,000 309,146,000 227,438,000
PEO Name Mr. Leathers      
Peer Group Total Shareholder Return Amount, Other Peer Group $ 228 $ 175 $ 212 $ 131
Measure:: 1        
Pay vs Performance Disclosure        
Name •Revenues, less fuel surcharge revenues      
Measure:: 2        
Pay vs Performance Disclosure        
Name •Operating income      
Measure:: 3        
Pay vs Performance Disclosure        
Name Diluted earnings per share      
PEO | Stock Awards Adjustment [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ (3,600,000) (3,200,000) (2,800,000) (2,800,000)
PEO | Equity Awards Granted in Current Year, Fair Value Adjustment [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 2,433,079 2,507,777 4,741,960 4,252,764
PEO | Equity Awards Adjustment, Unvested, Granted in Prior Years [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (1,562,871) (2,102,923) 1,288,523 302,174
PEO | Equity Awards Adjustment, Vested, Granted in Prior Years [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 799,845 (199,624) 253,999 257,909
PEO | Equity Awards that Failed to Meet Vesting Conditions [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 0 0 0
Non-PEO NEO | Stock Awards Adjustment [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (430,000) (350,000) (312,500) (412,500)
Non-PEO NEO | Equity Awards Granted in Current Year, Fair Value Adjustment [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 343,301 274,289 529,187 626,539
Non-PEO NEO | Equity Awards Adjustment, Unvested, Granted in Prior Years [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (124,568) (287,911) 195,957 49,962
Non-PEO NEO | Equity Awards Adjustment, Vested, Granted in Prior Years [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 84,891 (29,877) 41,438 56,672
Non-PEO NEO | Equity Awards that Failed to Meet Vesting Conditions [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ (88,198) $ 0 $ 0 $ 0