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Segment Information
9 Months Ended
Sep. 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

 

Nine Months Ended

 

 

 

September 30, 

 

September 30, 

 

 

    

2019

    

2018

    

2019

    

2018

    

Revenues

 

 

  

 

 

  

 

 

  

 

 

  

 

Truckload

 

$

382,467

 

$

395,167

 

$

1,125,991

 

$

1,157,731

 

Brokerage

 

 

46,036

 

 

65,060

 

 

131,737

 

 

177,962

 

Total Operating Revenue

 

$

428,503

 

$

460,227

 

$

1,257,728

 

$

1,335,693

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating Income (Loss)

 

 

  

 

 

  

 

 

  

 

 

  

 

Truckload

 

$

3,345

 

$

19,857

 

$

20,689

 

$

50,950

 

Brokerage

 

 

(63)

 

 

3,035

 

 

4,018

 

 

6,814

 

Total Operating Income

 

$

3,282

 

$

22,892

 

$

24,707

 

$

57,764

 

 

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 nine months ended September 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

 

Nine Months Ended

 

 

 

September 30, 

 

September 30, 

 

 

    

2019

    

2018

    

2019

    

2018

    

Revenues

 

 

  

 

 

  

 

 

  

 

 

  

 

United States

 

$

428,503

 

$

446,822

 

$

1,255,356

 

$

1,295,900

 

Foreign countries

 

 

  

 

 

  

 

 

  

 

 

  

 

Mexico

 

 

 —

 

 

13,405

 

 

2,372

 

 

39,793

 

Total

 

$

428,503

 

$

460,227

 

$

1,257,728

 

$

1,335,693