v3.26.3
Note 4 - Segment Information (Tables)
 9 Months Ended
Sep. 30, 2026
Notes Tables  
Segment Reporting [Table Text Block]

(in thousands)

                    

Three Months Ended September 30, 2026

 

Expedited

  

Dedicated

  

Managed Freight

  

Warehousing

  

Total

 

Revenues

                    

Freight revenue

 $70,555  $95,405  $121,635  $26,738  $314,333 

Fuel surcharge revenue(1)

  18,918   19,719   -   207   38,844 

Subtotal operating revenues

 $89,473  $115,124  $121,635  $26,945  $353,177 

Other revenues

                  717 

Total revenue

                 $353,894 
                     

Operating expenses:

                    

Salaries, wages, and related expenses

  26,960   45,794   4,301   13,669     

Fuel expense(1)

  17,537   20,866   -   267     

Operations and maintenance

  8,747   12,295   966   1,904     

Revenue equipment rentals and purchased transportation

  13,482   7,149   104,284   1,240     

Operating taxes and licenses

  220   743   33   426     

Insurance and claims

  5,540   5,679   634   239     

Communications and utilities

  1   220   23   301     

General supplies and expenses

  510   441   1,191   3,840     

Depreciation and amortization

  -   5,311   102   437     

Gain on disposition of property and equipment, net

  -   (97)  -   -     

Total allocated overhead

  8,630   10,307   2,734   2,925     

Segment operating expenses

  81,627   108,708   114,268   25,248   329,851 

Subtotal operating income

 $7,846  $6,416  $7,367  $1,697  $24,043 

Other (2)

                  (11,549)

Total consolidated operating income

                  12,494 

Interest expense, net

                  (3,854)

Income from equity method investment

                  5,650 

Income before income taxes

                 $14,290 

(in thousands)

                    

Three Months Ended September 30, 2025

 

Expedited

  

Dedicated

  

Managed Freight

  

Warehousing

  

Total

 

Revenues

                    

Freight revenue

 $80,184  $91,581  $72,220  $24,802  $268,787 

Fuel surcharge revenue(1)

  14,448   13,439   -   162   28,049 

Subtotal operating revenues

 $94,632  $105,020  $72,220  $24,964  $296,836 

Other revenues

                  53 

Total revenue

                 $296,889 
                     

Operating expenses:

                    

Salaries, wages, and related expenses

  30,756   43,760   2,758   12,044     

Fuel expense(1)

  14,584   14,690   -   167     

Operations and maintenance

  10,099   12,667   689   1,471     

Revenue equipment rentals and purchased transportation

  17,742   8,453   62,545   1,052     

Operating taxes and licenses

  356   667   18   383     

Insurance and claims

  6,647   5,057   205   220     

Communications and utilities

  -   196   7   249     

General supplies and expenses

  235   482   769   4,161     

Depreciation and amortization

  1   4,369   22   461     

Gain on disposition of property and equipment, net

  -   (63)  -   -     

Total allocated overhead

  9,133   10,643   2,247   2,258     

Segment operating expenses

  89,553   100,921   69,260   22,466   282,200 

Segment operating income

 $5,079  $4,099  $2,960  $2,498  $14,689 

Other (2)

                  (6,763)

Total consolidated operating income

                  7,926 

Interest expense, net

                  (3,468)

Income from equity method investment

                  3,578 

Income before income taxes

                 $8,036 

(in thousands)

                    

Nine Months Ended September 30, 2026

 

Expedited

  

Dedicated

  

Managed Freight

  

Warehousing

  

Total

 

Revenues

                    

Freight revenue

 $216,246  $280,489  $311,908  $81,012  $889,655 

Fuel surcharge revenue(1)

  51,318   50,424   -   518   102,260 

Subtotal operating revenues

 $267,564  $330,913  $311,908  $81,530  $991,915 

Other revenues

                  2,013 

Total revenue

                 $993,928 
                     

Operating expenses:

                    

Salaries, wages, and related expenses

  82,616   134,786   11,404   42,231     

Fuel expense(1)

  50,235   54,122   -   730     

Operations and maintenance

  26,972   35,106   2,232   5,585     

Revenue equipment rentals and purchased transportation

  43,389   21,303   272,456   3,546     

Operating taxes and licenses

  781   2,205   78   1,295     

Insurance and claims

  18,503   16,878   1,808   728     

Communications and utilities

  2   668   92   972     

General supplies and expenses

  1,317   1,235   3,585   11,850     

Depreciation and amortization

  1   15,110   304   1,285     

Gain on disposition of property and equipment, net

  -   (84)  -   -     

Total allocated overhead

  24,695   29,803   7,140   8,259     

Segment operating expenses

  248,511   311,132   299,099   76,481   935,223 

Segment operating income

 $19,053  $19,781  $12,809  $5,049  $58,705 

Other (2)

                  (31,088)

Total consolidated operating income

                  27,617 

Interest expense, net

                  (10,721)

Income from equity method investment

                  14,602 

Income before income taxes

                 $31,498 

(in thousands)

                    

Nine Months Ended September 30, 2025

 

Expedited

  

Dedicated

  

Managed Freight

  

Warehousing

  

Total

 

Revenues

                    

Freight revenue

 $243,662  $263,827  $206,620  $74,429  $788,538 

Fuel surcharge revenue(1)

  42,963   37,079   -   465   80,507 

Subtotal operating revenues

 $286,625  $300,906  $206,620  $74,894  $869,045 

Other revenues

                  53 

Total revenue

                 $869,098 
                     

Operating expenses:

                    

Salaries, wages, and related expenses

  94,398   125,160   7,880   35,822     

Fuel expense(1)

  43,854   41,328   -   498     

Operations and maintenance

  31,263   34,581   1,195   4,154     

Revenue equipment rentals and purchased transportation

  51,439   26,027   176,734   3,302     

Operating taxes and licenses

  1,033   1,927   84   1,732     

Insurance and claims

  19,964   15,221   361   666     

Communications and utilities

  1   583   25   716     

General supplies and expenses

  704   1,616   2,444   13,308     

Depreciation and amortization

  4   12,658   65   1,419     

Loss on disposition of property and equipment, net

  -   225   -   -     

Total allocated overhead

  25,830   29,308   6,870   7,019     

Segment operating expenses

  268,490   288,634   195,658   68,636   821,418 

Segment operating income

 $18,135  $12,272  $10,962  $6,258  $47,680 

Other (2)

                  (20,564)

Total consolidated operating income

                  27,116 

Interest expense, net

                  (8,795)

Income from equity method investment

                  11,622 

Income before income taxes

                 $29,943