Note F - Segment Information

6 Months Ended

Jun. 30, 2026

Segment Reporting and Concentration Risk Disclosure [Text Block]

NOTE F: SEGMENT INFORMATION

The Company follows the guidance provided by ASC Topic 280, Segment Reporting, in its identification of operating segments. The Company has determined that it has a total of two operating segments whose primary operations can be characterized as either Truckload Services or Brokerage and Logistics Services; however, in accordance with the aggregation criteria provided by FASB ASC Topic 280, the Company has determined that the operations of the two operating segments can be aggregated into a single reportable segment. Both our truckload operations and our brokerage/logistics operations have similar qualitative and quantitative economic characteristics and are impacted by virtually the same economic factors. Based on the Company’s segment identification, interpretation of the aggregation criteria outlined in ASC 280-10-50-11, and the similar qualitative and quantitative economic characteristics of the Company’s operating segments, the operations of the Company are aggregated into a single motor carrier segment. The Company’s chief operating decision maker, the Chief Executive Officer, utilizes the metrics of net income and operating ratio to evaluate company performance and in competitive analysis when comparing to competing companies.

Truckload Services revenues and Brokerage and Logistics Services revenues, each before fuel surcharges, were as follows:

	Three Months Ended June 30,								Six Months Ended June 30,
	2026				2025				2026				2025
	Amount		%		Amount		%		Amount		%		Amount		%
	(in thousands)
Truckload Services revenue	$	86,074		62.9	$	92,824		69.4	$	164,331		63.3	$	185,253		68.5
Brokerage and Logistics Services revenue		50,820		37.1		40,982		30.6		95,225		36.7		85,253		31.5
Total revenues	$	136,894		100.0	$	133,806		100.0	$	259,556		100.0	$	270,506		100.0

The Company provides truckload transportation services as well as brokerage and logistics services to customers throughout the United States and portions of Canada and Mexico. The table below presents revenues, including fuel surcharges, by geographic area, expressed in both dollars and as a percentage of total revenue.

	Three Months Ended June 30,								Six Months Ended June 30,
	2026				2025				2026				2025
	Amount		%		Amount		%		Amount		%		Amount		%
	(in thousands, except percentage data)
United States - domestic shipments	$	93,570		56.8	$	84,304		55.8	$	172,954		56.4	$	168,148		54.9
Shipments to or from Mexico	$	70,843		43.0	$	66,537		44.0	$	133,017		43.4	$	137,634		44.9
Shipments to or from Canada	$	239		0.2	$	293		0.2	$	561		0.2	$	693		0.2
Total	$	164,652		100.0	$	151,134		100.0	$	306,532		100.0	$	306,475		100.0