Note 12 - Equity Investment

6 Months Ended

Jun. 30, 2018

Notes to Financial Statements

Business Combination Disclosure [Text Block]

(

12

) 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

$3.2

million and

$384,000

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

first

six

months of

2018

and

2017,

respectively. As of

June 30, 2018,

we also had a trade receivable in the amount of

$1.0

million from MWL and an accrued liability of

$1.7

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.