The Company operates principally in three industries: carrier operations, tire operations, and, effective October 1, 1994 with the acquisition of the Clipper Group, freight forwarding operations. Carrier operations include freight transportation services as a common carrier of general commodities and import/export container cargo between ports and inland points. These services are provided to a wide range of customers in various industries. Forwarding operations consist primarily of intermodal transportation brokerage services. Tire operations include the cold-cap retreading of truck tires and the sale of new tires primarily for trucks.

Intersegment sales are not significant. Operating profit is total revenue less operating expenses, excluding interest. Identifiable assets by business segment include both assets directly identified with those operations and an allocable share of jointly used assets. General corporate assets consist primarily of cash and other investments.

The following information reflects selected business segment data (information relative to revenues is reflected in the consolidated statements of operations):

                                               Year Ended December 31
                                           1994         1993         1992  
                                                     ($ thousands)
OPERATING PROFIT (LOSS)
  Carrier operations                   $  35,622    $  41,645    $  46,725
  Forwarding operations                      695            -            -
  Tire operations                         11,079       10,186        8,767
  Other                                     (249)      (1,193)         267 
TOTAL OPERATING PROFIT                    47,147       50,638       55,759
  Interest expense                         6,985        7,248       17,285
  Minority interest                        3,523        3,140        2,825 
INCOME BEFORE INCOME TAXES, 
  EXTRAORDINARY ITEMS AND CUMULATIVE 
  EFFECT OF ACCOUNTING CHANGE          $  36,639    $  40,250    $  35,649 
IDENTIFIABLE ASSETS
  Carrier operations                   $ 374,128    $ 331,507    $ 332,604
  Tire operations                         89,231       80,377       65,480
  Forwarding operations                   73,816            -            -
  Other                                   12,607       10,008        8,139 
                                         549,782      421,892      406,223
  General corporate assets                19,263       25,841       22,122 
TOTAL ASSETS                           $ 569,045    $ 447,733    $ 428,345 
DEPRECIATION AND AMORTIZATION EXPENSE
  Carrier operations                   $  26,630    $  28,043    $  35,284
  Tire operations                          3,444        2,614        2,221
  Forwarding operations                      609            -            -
  Other                                    1,432          992          757 
                                       $  32,115    $  31,649    $  38,262 
CAPITAL EXPENDITURES
  Carrier operations                   $  58,110    $  26,530    $  24,001
  Tire operations                          5,684        6,137        2,339
  Forwarding operations                       19            -            -
  Other                                      285          492          256 
                                       $  64,098    $  33,159    $  26,596