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Note 11 - Segment Information
6 Months Ended
Jun. 30, 2018
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]
11.
     
Segment Information
 
The Company’s business is organized into
two
reportable segments, Truckload and Brokerage. The Truckload segment offers asset-based truckload services, including OTR trucking and dedicated contract services. These services are aggregated because they have similar economic characteristics and meet the aggregation criteria described in the accounting guidance for segment reporting. The Company’s OTR service offering provides solo and expedited team services through
one
-way movements of freight over routes throughout the United States and cross-border into and out of Mexico. The Company’s dedicated contract service offering devotes the use of equipment to specific customers and provides services through long-term contracts. The Company’s dedicated contract service offering provides similar freight transportation services, but does so pursuant to agreements where it makes equipment, drivers and on-site personnel available to a specific customer to address needs for committed capacity and service levels.
 
The Company’s Brokerage segment is principally engaged in non-asset-based freight brokerage services, where it outsources the transportation of loads to
third
-party carriers. For this segment, the Company relies on brokerage employees to procure
third
-party carriers, as well as information systems to match loads and carriers.
 
The following table summarizes our segment information (in thousands):
 
   
Three Months Ended
   
Six Months Ended
 
   
June 30,
   
June 30,
 
   
2018
   
2017
   
2018
   
2017
 
Revenues
                               
Truckload
  $
391,397
    $
332,982
    $
762,564
    $
658,876
 
Brokerage
   
58,361
     
37,368
     
112,902
     
75,150
 
Total Operating Revenue
  $
449,758
    $
370,350
    $
875,466
    $
734,026
 
                                 
Operating Income
                               
Truckload
  $
18,590
    $
3,295
    $
31,093
    $
4,997
 
Brokerage
   
1,428
     
(606
)    
3,779
     
(380
)
Total Operating Income
  $
20,018
    $
2,689
    $
34,872
    $
4,617
 
 
A measure of assets is
not
applicable, as segment assets are
not
regularly reviewed by the Chief Operating Decision Maker for evaluating performance or allocating resources.
 
Operating revenues for foreign countries include revenues for (i) shipments with an origin or destination in that country and (ii) other services provided in that country. If both the origin and destination are in a foreign country, the revenues are attributed to the country of origin. Information about the geographic areas in which the Company conducts business is summarized below as of and for the
three
and
six
months ended
June 30, 2018
and
2017
(in thousands):
 
   
Three Months Ended
   
Six Months Ended
 
   
June 30,
   
June 30,
 
   
2018
   
2017
   
2018
   
2017
 
Revenues
                               
United States
  $
436,227
    $
357,721
    $
849,078
    $
708,893
 
Foreign countries
                               
Mexico
   
13,531
     
12,629
     
26,388
     
25,133
 
Total
  $
449,758
    $
370,350
    $
875,466
    $
734,026
 
 
 
   
As of
   
As of
 
   
June 30,
   
December 31,
 
   
2018
   
2017
 
                 
Long-lived Assets
               
United States
  $
450,252
    $
459,021
 
Foreign countries
               
Mexico
   
5,404
     
4,884
 
Total
  $
455,656
    $
463,905