Segment Information

12 Months Ended

Dec. 31, 2022

Segment Information

Segment Information

16.      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. The Company’s OTR service offering provides solo and expedited team services through one-way movements of freight over routes throughout the United States. 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 asset-light 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):

	Year Ended December 31,
	2022		2021		2020
Revenues
Truckload	$	1,824,855	$	1,567,520	$	1,513,276
Brokerage		336,315		381,006		228,825
Total Operating Revenue	$	2,161,170	$	1,948,526	$	1,742,101
Operating Income
Truckload	$	(42,011)	$	15,323	$	56,267
Brokerage		15,161		3,106		(12,716)
Total Operating Income	$	(26,850)	$	18,429	$	43,551
Depreciation & Amortization
Truckload	$	78,173	$	79,219	$	101,178
Brokerage		4,116		2,757		1,649
Total Depreciation & Amortization	$	82,289	$	81,976	$	102,827

A measure of assets is not applicable, as segment assets are not regularly reviewed by the Chief Operating Decision Maker (CODM) for evaluating performance or allocating resources.