Note 11 - Equity Investment

12 Months Ended

Dec. 31, 2017

Notes to Financial Statements

Business Combination Disclosure [Text Block]

1

1

. Equity Investment

We own a

45%

equity interest in MWL, a

third

-party provider

of logistics services to the transportation industry. A non-related party owns the other

55%

equity interest in MWL. We account for our ownership interest in MWL under the equity method of accounting. We received

$2.2

million,

$1.2

million and

$5.0

million of our revenue for loads transported by our tractors and arranged by MWL in

2017,

2016

and

2015,

respectively. As of

December 31, 2017,

we also had a trade receivable in the amount of

$1.1

million from MWL and an accrued liability of

$1.8

million to MWL for the excess of payments by MWL’s customers into our lockbox account over the amounts drawn on the account by MWL.