Note 10 - Revenue and Business Segments (Tables)

6 Months Ended

Jun. 30, 2025

Notes Tables

Schedule of Segment Reporting Information, by Segment [Table Text Block]

		Three Months								Six Months
		Ended June 30,								Ended June 30,
(In thousands)		2025				2024				2025				2024
Operating revenue:
Truckload revenue, net of fuel surcharge revenue		$	92,484			$	96,046			$	182,590			$	191,068
Truckload fuel surcharge revenue			14,002				16,477				28,287				33,006
Total Truckload revenue			106,486				112,523				210,877				224,074

Dedicated revenue, net of fuel surcharge revenue			61,338				67,444				123,743				139,182
Dedicated fuel surcharge revenue			10,536				13,822				21,756				28,544
Total Dedicated revenue			71,874				81,266				145,499				167,726

Intermodal revenue, net of fuel surcharge revenue			10,093				12,660				20,361				25,941
Intermodal fuel surcharge revenue			1,610				2,404				3,459				5,095
Total Intermodal revenue			11,703				15,064				23,820				31,036

Brokerage revenue			39,859				37,385				72,878				73,074
Total operating revenue		$	229,922			$	246,238			$	453,074			$	495,910

Operating income/(loss):
Truckload		$	2,344			$	1,115			$	2,044			$	1,604
Dedicated			5,429				6,650				10,283				15,908
Intermodal			(735	)			(684	)			(1,590	)			(878	)
Brokerage			2,696				2,893				4,856				5,590
Total operating income		$	9,734			$	9,974			$	15,593			$	22,224

Three Months Ended June 30, 2025 Segment Operating Results

(In thousands)		Truckload				Dedicated				Intermodal				Brokerage				Total
Operating revenue		$	106,486			$	71,874			$	11,703			$	39,859			$	229,922
Operating expense (income):
Salaries, wages and benefits			43,726				30,785				2,078				1,981				78,570
Purchased transportation			864				2,371				6,359				33,529				43,123
Fuel and fuel taxes			20,793				10,755				1,043				-				32,591
Supplies and maintenance			10,410				4,566				625				5				15,606
Depreciation			16,219				9,378				1,217				493				27,307
Operating taxes and licenses			1,418				947				60				26				2,451
Insurance and claims			8,997				6,100				353				402				15,852
Communications and utilities			1,195				689				55				225				2,164
Gain on disposition of revenue equipment			(3,394	)			(1,661	)			(127	)			-				(5,182	)
Other			3,914				2,515				775				502				7,706
Total operating expenses			104,142				66,445				12,438				37,163				220,188
Operating income/(loss)		$	2,344			$	5,429			$	(735	)		$	2,696			$	9,734

Operating ratio			97.8	%			92.4	%			106.3	%			93.2	%			95.8	%
Operating ratio, net of fuel surcharges			97.5	%			91.1	%			107.3	%			93.2	%			95.2	%

Six Months Ended June 30, 2025 Segment Operating Results

(In thousands)		Truckload				Dedicated				Intermodal				Brokerage				Total
Operating revenue		$	210,877			$	145,499			$	23,820			$	72,878			$	453,074
Operating expense (income):
Salaries, wages and benefits			87,156				62,219				4,226				3,769				157,370
Purchased transportation			1,919				4,715				12,911				61,234				80,779
Fuel and fuel taxes			41,246				22,502				1,960				-				65,708
Supplies and maintenance			20,659				9,098				1,355				7				31,119
Depreciation			32,273				18,929				2,576				999				54,777
Operating taxes and licenses			2,785				1,914				122				47				4,868
Insurance and claims			16,483				11,445				704				597				29,229
Communications and utilities			2,460				1,435				110				438				4,443
Gain on disposition of revenue equipment			(4,309	)			(2,369	)			(169	)			-				(6,847	)
Other			8,161				5,328				1,615				931				16,035
Total operating expenses			208,833				135,216				25,410				68,022				437,481
Operating income/(loss)		$	2,044			$	10,283			$	(1,590	)		$	4,856			$	15,593

Operating ratio			99.0	%			92.9	%			106.7	%			93.3	%			96.6	%
Operating ratio, net of fuel surcharges			98.9	%			91.7	%			107.8	%			93.3	%			96.1	%

Three Months Ended June 30, 2024 Segment Operating Results

(In thousands)		Truckload				Dedicated				Intermodal				Brokerage				Total
Operating revenue		$	112,523			$	81,266			$	15,064			$	37,385			$	246,238
Operating expense (income):
Salaries, wages and benefits			47,373				34,227				2,847				2,072				86,519
Purchased transportation			1,219				2,790				7,933				31,293				43,235
Fuel and fuel taxes			23,418				13,914				1,477				-				38,809
Supplies and maintenance			10,381				5,363				721				7				16,472
Depreciation			16,212				9,929				1,556				509				28,206
Operating taxes and licenses			1,348				978				86				127				2,539
Insurance and claims			7,070				4,933				381				175				12,559
Communications and utilities			1,303				736				61				197				2,297
Gain on disposition of revenue equipment			(1,359	)			(1,079	)			(94	)			-				(2,532	)
Other			4,443				2,825				780				112				8,160
Total operating expenses			111,408				74,616				15,748				34,492				236,264
Operating income/(loss)		$	1,115			$	6,650			$	(684	)		$	2,893			$	9,974

Operating ratio			99.0	%			91.8	%			104.5	%			92.3	%			95.9	%
Operating ratio, net of fuel surcharges			98.8	%			90.1	%			105.4	%			92.3	%			95.3	%

Six Months Ended June 30, 2024 Segment Operating Results

(In thousands)		Truckload				Dedicated				Intermodal				Brokerage				Total
Operating revenue		$	224,074			$	167,726			$	31,036			$	73,074			$	495,910
Operating expense (income):
Salaries, wages and benefits			95,453				69,973				5,916				3,939				175,281
Purchased transportation			2,395				5,535				16,015				61,104				85,049
Fuel and fuel taxes			46,740				28,914				2,716				-				78,370
Supplies and maintenance			20,602				10,370				1,568				2				32,542
Depreciation			32,316				20,255				3,132				1,030				56,733
Operating taxes and licenses			2,710				2,022				175				207				5,114
Insurance and claims			13,439				9,724				757				296				24,216
Communications and utilities			2,598				1,532				129				409				4,668
Gain on disposition of revenue equipment			(1,987	)			(1,579	)			(137	)			-				(3,703	)
Other			8,204				5,072				1,643				497				15,416
Total operating expenses			222,470				151,818				31,914				67,484				473,686
Operating income/(loss)		$	1,604			$	15,908			$	(878	)		$	5,590			$	22,224

Operating ratio			99.3	%			90.5	%			102.8	%			92.4	%			95.5	%
Operating ratio, net of fuel surcharges			99.2	%			88.6	%			103.4	%			92.4	%			94.8	%