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Note 17 - Business Segments
12 Months Ended
Dec. 31, 2017
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]
1
7
. Business Segments
 
We aggregate our
five
current operating segments into
four
reporting segments
(Truckload, Dedicated, Intermodal and Brokerage) for financial reporting purposes.
 
The primary source of our operating revenue is provided by our Truckload segment through a combination of regional short-haul and medium-to-long-haul ful
l-load transportation services. We transport food and other consumer packaged goods that require a temperature-controlled or insulated environment, along with dry freight, across the United States and into and out of Mexico and Canada.
 
Our Dedicated segment provides cust
omized transportation solutions tailored to meet individual customers’ requirements, utilizing temperature-controlled trailers, dry vans and other specialized equipment within the United States. Our agreements with customers range from
three
to
five
years and are subject to annual rate reviews.
 
Our Intermodal segment transports our customers
’ freight within the United States primarily utilizing our temperature-controlled trailers and also, through
March 2015,
our dry containers on railroad flatcars for portions of trips, with the balance of the trips using our tractors or, to a lesser extent, contracted carriers.
 
Our Brokerage segment develops contractual relationships with and arranges for
third
-party carriers to transport freight for our customers in
temperature-controlled trailers and dry vans within the United States and into and out of Mexico through Marten Transport Logistics, LLC, which was established in
2007
and operates pursuant to brokerage authority granted by the DOT. We retain the billing, collection and customer management responsibilities.
 
The following table sets forth for the years indicated our operating revenue and operating income by segment. We do
not
prepare separate balance sheets by segment and, as a result, assets are
not
sepa
rately identifiable by segment.
 
(Dollars in thousands)
 
201
7
   
201
6
   
201
5
 
Operating revenue:
                       
Truckload revenue, net of fuel surcharge revenue
 
$
336,596
    $
339,967
    $
348,101
 
Truckload fuel surcharge revenue
 
 
43,614
     
35,884
     
50,260
 
Total Truckload revenue
 
 
380,210
     
375,851
     
398,361
 
                         
Dedicated revenue, net of fuel surcharge revenue
 
 
153,691
     
147,007
     
107,264
 
Dedicated fuel surcharge revenue
 
 
13,190
     
10,363
     
11,008
 
Total Dedicated revenue
 
 
166,881
     
157,370
     
118,272
 
                         
Intermodal revenue, net of fuel surcharge revenue
 
 
70,282
     
64,508
     
65,877
 
Intermodal fuel surcharge
revenue
 
 
10,339
     
6,982
     
11,081
 
Total Intermodal revenue
 
 
80,621
     
71,490
     
76,958
 
                         
Brokerage revenue
 
 
70,408
     
66,433
     
71,403
 
                         
Total operating revenue
 
$
698,120
    $
671,144
    $
664,994
 
                         
Operating income:
                       
Truckload
 
$
26,326
    $
27,438
    $
35,517
 
Dedicated
 
 
17,074
     
19,550
     
12,818
 
Intermodal
 
 
8,303
     
7,131
     
4,832
 
Brokerage
 
 
5,159
     
4,184
     
3,792
 
Total operating income before gain on disposition of facilities
 
 
56,862
     
58,303
     
56,959
 
Gain on disposition of facilities
   
-
     
-
     
4,104
 
Total operating income
 
$
56,862
    $
58,303
    $
61,063
 
 
Truckload segment depreciation expense was $
57.2
million,
$56.2
million and
$53.7
million, Dedicated segment depreciation expense was
$22.0
million,
$20.6
million and
$15.0
million, Intermodal segment depreciation expense was
$4.6
million,
$3.9
million and
$5.4
million, and Brokerage segment depreciation expense was
$1.3
million,
$1.7
million and
$1.3
million, in
2017,
2016
and
2015,
respectively.