Note 7 - Commitments and Contingencies Liabilities

3 Months Ended

Mar. 31, 2019

Notes to Financial Statements

Commitments and Contingencies Disclosure [Text Block]

Note 7. Commitments and Contingencies

From time-to-time, we are a party to ordinary, routine litigation arising in the ordinary course of business, most of which involves claims for personal injury and property damage incurred in connection with the transportation of freight.

We maintain insurance to cover liabilities arising from the transportation of freight for amounts in excess of certain self-insured retentions. In management's opinion, our potential exposure under pending legal proceedings is adequately provided for in the accompanying condensed consolidated financial statements.

Based on our present knowledge of the facts and, in certain cases, advice of outside counsel, management believes the resolution of open claims and pending litigation, taking into account existing reserves, is

not

likely to have a materially adverse effect on our consolidated financial statements.

We had

$33.4

million

 and 

$36.3

million

of outstanding and undrawn letters of credit as of

March 31, 2019

 and

December 31, 2018

, respectively. The letters of credit are maintained primarily to support our insurance programs.