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Segment Information
6 Months Ended
Jun. 30, 2019
Segment Reporting [Abstract]  
Segment Information

12.      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, prior to the divesture of Xpress Internacional, 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, 

 

    

2019

    

2018

    

2019

    

2018

Revenues

 

 

  

 

 

  

 

 

  

 

 

  

Truckload

 

$

374,405

 

$

391,397

 

$

743,524

 

$

762,564

Brokerage

 

 

39,457

 

 

58,361

 

 

85,701

 

 

112,902

Total Operating Revenue

 

$

413,862

 

$

449,758

 

$

829,225

 

$

875,466

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating Income

 

 

  

 

 

  

 

 

  

 

 

  

Truckload

 

$

7,503

 

$

18,590

 

$

17,344

 

$

31,093

Brokerage

 

 

1,284

 

 

1,428

 

 

4,081

 

 

3,779

Total Operating Income

 

$

8,787

 

$

20,018

 

$

21,425

 

$

34,872

 

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.

Information about the geographic areas in which the Company conducted business during the three and six months ended June 30, 2019 and 2018 is summarized below (in thousands). 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. In January 2019, we disposed of our Mexican business.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Six Months Ended

 

 

June 30, 

 

June 30, 

 

    

2019

    

2018

    

2019

    

2018

Revenues

 

 

  

 

 

  

 

 

  

 

 

  

United States

 

$

413,862

 

$

436,227

 

$

826,853

 

$

849,078

Foreign countries

 

 

  

 

 

  

 

 

  

 

 

  

Mexico

 

 

 —

 

 

13,531

 

 

2,372

 

 

26,388

Total

 

$

413,862

 

$

449,758

 

$

829,225

 

$

875,466