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Note 11 - Segment Information
9 Months Ended
Sep. 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
   
Nine Months Ended
 
   
September 30,
   
September 30,
 
   
2018
   
2017
   
2018
   
2017
 
Revenues
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Truckload
  $
395,167
    $
347,871
    $
1,157,731
    $
1,006,747
 
Brokerage
   
65,060
     
42,255
     
177,962
     
117,405
 
Total Operating Revenue
  $
460,227
    $
390,126
    $
1,335,693
    $
1,124,152
 
                                 
Operating Income
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Truckload
  $
19,857
    $
10,496
    $
50,950
    $
15,493
 
Brokerage
   
3,035
     
1,038
     
6,814
     
658
 
Total Operating Income
  $
22,892
    $
11,534
    $
57,764
    $
16,151
 
 
 
A measure of assets is
not
applicable, as we do
not
prepare balance sheets by segment.
 
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
nine
months ended
September 30, 2018
and
2017
(in thousands):
 
   
Three Months Ended
   
Nine Months Ended
 
   
September 30,
   
September 30,
 
   
2018
   
2017
   
2018
   
2017
 
Revenues
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
United States
  $
446,822
    $
377,458
    $
1,295,900
    $
1,086,351
 
Foreign countries
                               
Mexico
   
13,405
     
12,668
     
39,793
     
37,801
 
Total
  $
460,227
    $
390,126
    $
1,335,693
    $
1,124,152
 
 
 
   
As of
   
As of
 
   
September 30,
   
December 31,
 
   
2018
   
2017
 
                 
Long-lived Assets
 
 
 
 
 
 
 
 
United States
  $
466,133
    $
459,021
 
Foreign countries
               
Mexico
   
8,595
     
4,884
 
Total
  $
474,728
    $
463,905