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Document And Entity Information - shares	6 Months Ended
Document And Entity Information - shares	Jun. 30, 2012	Aug. 07, 2012
Document and Entity Information [Abstract]
Entity Registrant Name	XPO Logistics, Inc.
Document Type	10-Q
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding		17,651,366
Amendment Flag	false
Entity Central Index Key	0001166003
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Accelerated Filer
Entity Well-known Seasoned Issuer	No
Document Period End Date	Jun. 30, 2012
Document Fiscal Year Focus	2012
Document Fiscal Period Focus	Q2

Condensed Consolidated Balance Sheets (June 30, 2012 Unaudited) - USD ($) $ in Thousands	Jun. 30, 2012	Dec. 31, 2011
Current assets:
Cash	$ 190,712	$ 74,007
Accounts receivable, net of allowances of $133 and $356, respectively	30,834	22,425
Prepaid expenses	732	426
Deferred tax asset, current	46	955
Income tax receivable	2,497	1,109
Other current assets	719	219
Total current assets	225,540	99,141
Property and equipment, net of $4,381 and $3,937 in accumulated depreciation, respectively	6,694	2,979
Goodwill	19,084	16,959
Identifiable intangible assets, net of $3,577 and $3,320 in accumulated amortization, respectively	8,902	8,053
Other long-term assets	511	509
Total long-term assets	35,191	28,500
Total assets	260,731	127,641
Current liabilities:
Accounts payable	8,329	8,565
Accrued salaries and wages	1,177	2,234
Accrued expenses, other	6,196	2,789
Current maturities of long-term debt and capital leases	28	1,675
Other current liabilities	1,026	808
Total current liabilities	16,756	16,071
Long-term debt and capital leases, net of current maturities	103	454
Deferred tax liability, long-term	3,395	2,346
Other long-term liabilities	2,130	410
Total long-term liabilities	5,628	3,210
Stockholders’ equity:
Preferred stock, $.001 par value; 10,000,000 shares; 75,000 shares issued and outstanding	42,794	42,794
Common stock, $.001 par value; 159,200,000 shares authorized; 17,696,366 and 8,410,353 shares issued, respectively; and 17,651,366 and 8,365,353 shares outstanding, respectively	17	8
Additional paid-in capital	241,962	102,613
Treasury stock, at cost, 45,000 shares held	(107)	(107)
Accumulated deficit	(46,319)	(36,948)
Total stockholders’ equity	238,347	108,360
Total liabilities and stockholders’ equity	$ 260,731	$ 127,641

Condensed Consolidated Balance Sheets (June 30, 2012 Unaudited) (Parentheticals) - USD ($) $ in Thousands	Jun. 30, 2012	Dec. 31, 2011
Accounts receivable, allowance (in Dollars)	$ 133	$ 356
Property and equipment, accumulated depreciation (in Dollars)	4,381	3,937
Identifiable intangible assets, accumulated amortization (in Dollars)	$ 3,577	$ 3,320
Preferred stock, par value (in Dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	75,000	75,000
Preferred stock, shares outstanding	75,000	75,000
Common stock, par value (in Dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized	159,200,000	159,200,000
Common stock, shares issued	17,696,366	8,410,353
Common stock, shares outstanding	17,651,366	8,365,353
Treasury stock, shares	45,000	45,000

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
Revenue
Operating revenue	$ 54,540	$ 44,094	$ 99,100	$ 85,602
Expense
Direct expense	46,074	36,914	83,861	71,215
Gross margin	8,466	7,180	15,239	14,387
Selling, general and administrative expense	11,834	5,537	22,831	10,744
Operating (loss) income	(3,368)	1,643	(7,592)	3,643
Other (income) expense	26	33	5	62
Interest expense	3	47	15	96
(Loss) income before income tax provision	(3,397)	1,563	(7,612)	3,485
Income tax provision	1,780	649	259	1,454
Net (loss) income	(5,177)	914	(7,871)	2,031
Undeclared cumulative preferred dividends	(750)	0	(1,500)
Net (loss) income available to common shareholders	$ (5,927)	$ 914	$ (9,371)	$ 2,031
Basic earnings per common share
Net (loss) income (in Dollars per share)	$ (0.34)	$ 0.11	$ (0.56)	$ 0.25
Diluted earnings per common share
Net (loss) income (in Dollars per share)	$ (0.34)	$ 0.11	$ (0.56)	$ 0.24
Weighted average common shares outstanding
Basic weighted average common shares outstanding (in Shares)	17,636,834	8,252,720	16,629,420	8,214,414
Diluted weighted average common shares outstanding (in Shares)	17,637,000	8,583,000	16,629,000	8,553,000

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011
Operating activities
Net (loss) income	$ (7,871)	$ 2,031
Adjustments to reconcile net income to net cash from operating activities
Provisions for allowance for doubtful accounts	84	1
Depreciation and amortization expense	741	639
Stock compensation expense	2,266	84
Changes in assets and liabilities
Accounts receivable	(5,496)	(263)
Deferred tax expense	1,537	700
Income tax receivable	(1,388)	489
Prepaid expenses and other current assets	(495)	219
Other long-term assets and advances	(18)	23
Accounts payable	(1,313)	134
Accrued expenses and other liabilities	1,816	(491)
Cash (used in) provided by operating activities	(10,137)	3,566
Investing activities
Acquisition of businesses, net of cash aquired	(3,713)
Payment of acquisition earn-out	(450)	(450)
Payment for purchases of property and equipment	(2,569)	(260)
Cash flows used in investing activities	(6,732)	(710)
Financing activities
Line of credit, net		(2,749)
Payments of long-term debt and capital leases	(2,018)	(845)
Excess tax benefit from stock options		97
Proceeds from exercise of options, net	131	727
Proceeds from common stock offering, net of issuance costs	136,961
Dividends paid to preferred stockholders	(1,500)
Cash flows provided by (used in) financing activities	133,574	(2,770)
Net increase in cash	116,705	86
Cash, beginning of period	74,007	561
Cash, end of period	190,712	647
Supplemental disclosure of noncash activities:
Cash paid during the period for interest	15	75
Cash paid during the period for income taxes, net	$ 159	$ 99

Condensed Consolidated Statement of Changes in Stockholders’ Equity (Unaudited) - 6 months ended Jun. 30, 2012 - USD ($) shares in Thousands, $ in Thousands	Preferred Stock [Member]	Common Stock [Member]	Treasury Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Balance at Dec. 31, 2011	$ 42,794	$ 8	$ (107)	$ 102,613	$ (36,948)	$ 108,360
Balance (in Shares) at Dec. 31, 2011	75	8,410	(45)
Issuance of common stock for option exercise				131		131
Issuance of common stock for option exercise (in Shares)		86
Dividend paid					(1,500)	(1,500)
Stock compensation expense				2,266		2,266
Proceeds from common stock offering, net of issuance costs		$ 9		136,952		136,961
Proceeds from common stock offering, net of issuance costs (in Shares)		9,200
Net loss					(7,871)	(7,871)
Balance at Jun. 30, 2012	$ 42,794	$ 17	$ (107)	$ 241,962	$ (46,319)	$ 238,347
Balance (in Shares) at Jun. 30, 2012	75	17,696	(45)

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

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+ Details

- Definition

Value of stock (or other type of equity) issued during the period as a result of any equity-based compensation plan other than an employee stock ownership plan (ESOP), net of stock value of such awards forfeited. Stock issued could result from the issuance of restricted stock, the exercise of stock options, stock issued under employee stock purchase plans, and/or other employee benefit plans.

+ References + Details

Note 1 - Organization

6 Months Ended

Jun. 30, 2012

Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]

1. Organization

Nature of Business

XPO Logistics, Inc. (the “Company”)—provides premium transportation and logistics services to thousands of customers through its three business units:

Expedited Transportation—provides time-critical expedited transportation through our wholly-owned subsidiary

Express-1, Inc. (“Express-1”). This typically involves dedicating one truck and driver to a load which has a specified time delivery requirement. Most of the services provided are completed through a fleet of exclusive use vehicles that are owned and operated by independent contract drivers, whom we refer to as owner operators. The use of non-owned resources to provide services minimizes the amount of capital investment required and is often described with the terms “non-asset” or “asset-light.”

Freight Forwarding—provides freight forwarding services through our wholly-owned subsidiary Concert Group Logistics, Inc. (“CGL”). Freight forwarding transportation services are sold and arranged for under the authority of CGL through independently-owned stations and five company-owned branches located throughout the United States.

Freight Brokerage—provides truckload brokerage transportation services throughout the United States through our wholly-owned subsidiaries Bounce Logistics, Inc. (“Bounce”) and XPO Logistics, LLC.

For specific financial information relating to the above subsidiaries, refer to Note 11—Operating Segments.

- Definition

The entire disclosure for organization, consolidation and basis of presentation of financial statements disclosure.

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+ Details

Note 2 - Basis of Presentation and Significant Accounting Policies

6 Months Ended

Jun. 30, 2012

Significant Accounting Policies [Text Block]

2. Basis of Presentation and Significant Accounting Policies

Basis of Presentation

The accompanying unaudited condensed consolidated financial statements of the Company have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) and in accordance with the instructions to Form 10-Q. Certain information and note disclosures normally included in annual financial statements have been condensed or omitted pursuant to those rules and regulations. However, we believe that the disclosures contained herein are adequate to make the information presented not misleading.

These unaudited condensed consolidated financial statements reflect, in our opinion, all material adjustments (which include only normal recurring adjustments) necessary to fairly present our financial position as of June 30, 2012 and December 31, 2011, and results of operations for the three- and six-month periods ended June 30, 2012 and 2011. The preparation of the condensed consolidated financial statements requires management to make estimates and judgments that affect the reported amounts of assets and liabilities and the disclosure of contingencies at the date of the financial statements as well as the reported amounts of revenue and expense during the reporting period. Estimates have been prepared on the basis of the most current and best available information and actual results could differ materially from those estimates.

These unaudited condensed consolidated financial statements and notes thereto should be read in conjunction with the audited consolidated financial statements and notes thereto for the fiscal year ended December 31, 2011 in our Annual Report on Form 10-K for the year ended December 31, 2011 and available on the SEC’s website (www.sec.gov). Results of operations for interim periods are not necessarily indicative of results to be expected for a full year.

Use of Estimates

The Company prepares its unaudited condensed consolidated financial statements in conformity with accounting principles generally accepted in the United States of America. These principles require management to make estimates and assumptions that impact the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenue and expense during the reporting period. The Company reviews its estimates on a regular basis and makes adjustments based on historical experiences and existing and expected future conditions. Estimates are made with respect to, among other matters, accrued revenue, purchased transportation, recoverability of long-lived assets, accrual of acquisition earn-outs, estimated legal accruals, valuation allowances for deferred taxes, reserve for uncertain tax positions, and allowance for doubtful accounts. These evaluations are performed and adjustments are made as information is available. Management believes that these estimates, which have been discussed with the audit committee of the Company’s board of directors, are reasonable; however, actual results could differ from these estimates.

Significant Accounting Policies

Revenue Recognition

The Company recognizes revenue at the point in time when delivery is completed on the freight shipments it handles, with related costs of delivery being accrued as incurred and expensed within the same period in which the associated revenue is recognized. The Company uses the following supporting criteria to determine that revenue has been earned and should be recognized:

•

Persuasive evidence of an arrangement exists;

•

Services have been rendered;

•

The sales price is fixed and determinable; and

•

Collectability is reasonably assured.

The Company reports revenue on a gross basis in accordance with the Financial Accounting Standards Board’s (“FASB”) Accounting Standard Codification (“ASC”) Topic 605, “Reporting Revenue Gross as Principal Versus Net as an Agent”. The Company believes presentation on a gross basis is appropriate under ASC Topic 605 in light of the following factors:

•

The Company is the primary obligor and is responsible for providing the service desired by the customer.

•

The customer holds the Company responsible for fulfillment, including the acceptability of the service (requirements may include, for example, on-time delivery, handling freight loss and damage claims, establishing pick-up and delivery times, and tracing shipments in transit).

•

For Expedited Transportation and Freight Brokerage, the Company has complete discretion to select its drivers, contractors or other transportation providers (collectively, “service providers”). For Freight Forwarding, the Company enters into agreements with significant service providers that specify the cost of services, among other things, and has ultimate authority in providing approval for all service providers that can be used by Freight Forwarding’s independently-owned stations. Independently-owned stations may further negotiate the cost of services with Freight Forwarding-approved service providers for individual customer shipments.

•

Expedited Transportation and Freight Brokerage have complete discretion to establish sales prices. Independently-owned stations within Freight Forwarding have the discretion to establish sales prices.

•

The Company bears credit risk for all receivables. In the case of Freight Forwarding the independently-owned stations reimburse Freight Forwarding for a portion (typically 70-80%) of credit losses. Freight Forwarding retains the risk that the independent station owners will not meet this obligation.

Cash and cash equivalents

We consider all highly liquid investments with a maturity of three months or less as of the date of purchase to be cash equivalents unless the investments are legally or contractually restricted for more than three months.

Income Taxes

Taxes on income are provided in accordance with ASC Topic 740, “Income Taxes”. Deferred income tax assets and liabilities are recognized for the expected future tax consequences of events that have been reflected in the unaudited condensed consolidated financial statements. Deferred tax assets and liabilities are determined based on the differences between the book values and the tax basis of particular assets and liabilities, and the tax effects of net operating loss and capital loss carry forwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in the tax rate is recognized as income or expense in the period that included the enactment date. A valuation allowance is provided to offset the net deferred tax assets if, based upon the available evidence, it is more likely than not that some or all of the deferred tax assets will not be realized. Management periodically assesses the likelihood that the company will utilize its existing deferred tax assets and records a valuation allowance for deferred tax assets when it is more likely than not that such deferred tax assets will not be realized. Based on this evaluation, as of June 30, 2012, a valuation allowance of $3.0 million has been recorded with respect to the Company’s deferred tax assets as a result of the Company’s projected cumulative loss expected to be incurred over the three-year period ended December 31, 2012. The amount of the deferred tax asset considered realizable, however, could be adjusted in the future if estimates of future taxable income during the carryforward period are increased, or if objective negative evidence in the form of cumulative losses is no longer present and additional weight may be given to subjective evidence such as our projections for growth. The valuation allowance does not limit the Company’s ability to utilize the loss-carryforwards or other deferred tax assets on future tax returns.

Accounting for uncertainty in income taxes is determined based on ASC Topic 740, which clarifies the accounting for uncertainty in income taxes recognized in a company’s financial statements and provides guidance on the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. ASC Topic 740 also provides guidance on derecognition, classification, interest and penalties, accounting in interim periods, disclosures and transition. The Company had accrued $0.2 million for uncertain tax positions related to certain potential state income taxes at both June 30, 2012 and December 31, 2011. The Company is currently under audit by the Internal Revenue Service of the United States related to its 2010 fiscal year tax filing.

Goodwill and Intangible Assets with Indefinite Lives

Goodwill consists of the excess of cost over the fair value of net assets acquired in business combinations. Intangible assets with indefinite lives consist principally of the Express-1 and CGL trade names. The Company follows the provisions of ASC Topic 350, “Intangibles—Goodwill and Other”, which requires an annual impairment test for goodwill and intangible assets with indefinite lives. If the carrying value of intangibles with indefinite lives exceeds their fair value, an impairment loss is recognized in an amount equal to that excess. Goodwill is evaluated using a two-step impairment test at the reporting unit level. The first step compares the book value of a reporting unit, including goodwill, with its fair value. If the book value of a reporting unit exceeds its fair value, the Company completes the second step in order to determine the amount of goodwill impairment loss that should be recorded. In the second step, the Company determines an implied fair value of the reporting unit’s goodwill by allocating the fair value of the reporting unit to all of the assets and liabilities other than goodwill. The amount of impairment is equal to the excess of the book value of goodwill over the implied fair value of that goodwill. The Company performs the annual impairment testing during the third quarter unless events or circumstances indicate impairment of the goodwill may have occurred before that time. For the periods presented, the Company did not recognize any goodwill impairment as the estimated fair value of its reporting units with goodwill exceeded the book value of these reporting units. For additional information refer to Note 6—Goodwill.

The Company’s intangible assets with indefinite lives were $6.4 million at June 30, 2012 and December 31, 2011.

Identified Intangible Assets

The Company follows the provisions of ASC Topic 360, “Property, Plant and Equipment”, which establishes accounting standards for the impairment of long-lived assets such as property, plant and equipment and intangible assets subject to amortization. The Company reviews long-lived assets to be held-and-used for impairment whenever events or changes in circumstances indicate that the carrying amount of the assets may not be recoverable. If the sum of the undiscounted expected future cash flows over the remaining useful life of a long-lived asset group is less than its carrying amount, the asset is considered to be impaired. Impairment losses are measured as the amount by which the carrying amount of the asset group exceeds the fair value of the asset. The Company estimates fair value using the expected future cash flows discounted at a rate commensurate with the risks associated with the recovery of the asset. During the six-month periods ended June 30, 2012 and 2011, there was no impairment of the identified intangible assets.

The Company’s intangible assets subject to amortization consist of employee contracts, non-compete agreements, customer relationships and other intangibles that are amortized on a straight-line basis over the estimated useful lives of the related intangible asset. The estimated useful lives of the respective intangible assets range from four to 12 years.

The following table summarizes the Company’s intangible assets with definite lives at June 30, 2012 and December 31, 2011:

	June 30, 2012			December 31, 2011
Definite Lived Intangibles:
Trade name		270			220
Non-compete agreements		873			763
Customer lists and relationships		2,924			1,974
Other intangible assets		1,996			1,996
		6,063			4,953
Less: accumulated amortization		(3,577	)		(3,320	)
Intangible assets, net		2,486			1,633

Other Long-Term Assets

Other long-term assets consist primarily of balances representing various deposits, and notes receivable from various CGL independent station owners. Also included within this account classification are incentive payments to independent station owners within the CGL network. These payments are made by CGL to certain station owners as an incentive to establish an independently-owned station. These amounts are amortized over the life of each independent station contract and the unamortized portion generally is recoverable in the event of default under the terms of the agreements.

Fair Value Measurements

FASB ASC Topic 820, “Fair Value Measurements and Disclosures”, defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date and classifies the inputs used to measure fair value into the following hierarchy:

•

Level 1—Quoted prices for identical instruments in active markets;

•

Level 2—Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations in which all significant inputs are observable in active markets; and

•

Level 3—Valuations based on inputs that are unobservable, generally utilizing pricing models or other valuation techniques that reflect management’s judgment and estimates.

	Fair Value Measurements as of June 30, 2012
	Total		Level 1		Level 2		Level 3
Assets:
Money Market Funds	$	186,290		186,290	$	—	$	—

Liabilities:
Contingent consideration obligations	$	305	$	—	$	—	$	305

	Fair Value Measurements as of December 31, 2011
	Total		Level 1		Level 2		Level 3
Assets:
Money Market Funds	$	—	$	—	$	—	$	—

Liabilities:
Contingent consideration obligations	$	450	$	—	$	—	$	450

Estimated Fair Value of Financial Instruments

The aggregate net fair value estimates discussed herein are based upon certain market assumptions and pertinent information available to management. The respective carrying value of certain financial instruments approximated their fair values as of the periods ended June 30, 2012 and 2011. These financial instruments include cash, accounts receivable, notes receivable, accounts payable, accrued expense and short-term borrowings. Fair values approximate carrying values for these financial instruments since they are short-term in nature and they are receivable or payable on demand. The fair value of the Freight Forwarding notes receivable from the owners of the independently-owned stations approximated their respective carrying values based on the interest rates associated with these instruments.

Stock-Based Compensation

The Company accounts for share-based compensation based on the equity instrument’s grant date fair value in accordance with ASC Topic 718, “Compensation—Stock Compensation”. The fair value of each share-based payment award is established on the date of grant. For grants of restricted stock units, the fair value is established based on the market price on the date of the grant. For grants of options, the Company uses the Black-Scholes-Merton option pricing model to estimate the fair value of share-based payment awards. The determination of the fair value of share-based awards is affected by the Company’s stock price and a number of assumptions, including expected volatility, expected life, risk-free interest rate and expected dividends.

The weighted-average fair value of each stock option recorded in expense for the six-month period ended June 30, 2012 was estimated on the date of grant using the Black-Scholes-Merton option pricing model and was amortized over the requisite service period of the option. The Company has used one grouping for the assumptions, as its option grants have similar characteristics. The expected term of options granted has been derived based upon the Company’s history of actual exercise behavior and represents the period of time that options granted are expected to be outstanding. Historical data was also used to estimate option exercises and employee terminations. Estimated volatility is based upon the Company’s historical market price at consistent points in a period equal to the expected life of the options. The risk-free interest rate is based on the U.S. Treasury yield curve in effect at the time of grant and the expected dividend yield is zero. For additional information refer to Note 8—Stock-Based Compensation.

Earnings per Share

Earnings per common share are computed in accordance with ASC Topic 260, “Earnings per Share”, which requires companies to present basic earnings per share and diluted earnings per share.

The Company has in place an Employee Stock Ownership Plan (“ESOP”). Shares held by the ESOP are included in both the basic and diluted weighted average common shares outstanding amounts. As of December 31, 2011 and June 30, 2012, the ESOP held 52,936 shares of common stock.

Internal Use Software

The Company has adopted the provisions of ASC Topic 350, “Intangibles—Goodwill and Other”. Accordingly, certain costs incurred in the planning and evaluation stage of internal use computer software are expensed as incurred. Costs incurred during the application development stage are capitalized and included in property and equipment. Capitalized internal use software costs are amortized over the expected economic life of three years using the straight-line method.

Please also refer to Note 1 of the “Notes to Consolidated Financial Statements” in the audited consolidated financial statements included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2011 for a more complete discussion of the Company’s significant accounting policies.

Note 3 - Acquisitions

6 Months Ended

Jun. 30, 2012

Business Combination Disclosure [Text Block]

3. Acquisitions

Continental Freight Services, Inc.

On May 8, 2012, the Company purchased all of the outstanding capital stock of Continental Freight Services, Inc. (“Continental”) and all of the membership interests in G & W Tanks, LLC (“G & W”). Founded in 1980, Continental is headquartered in Columbia, S.C., with branches and agent locations in Texas, North Carolina and South Carolina. The Continental acquisition was accounted for as a purchase business combination in accordance with ASC Topic 805 “Business Combinations”. Assets acquired and liabilities assumed were recorded in the accompanying consolidated balance sheet at their estimated fair values as of May 8, 2012 with the remaining unallocated purchase price recorded as goodwill.

The cash purchase price was $3.5 million, excluding any working capital adjustments and a potential earn-out of up to $0.3 million. The Company also accrued $0.3 million in the opening balance sheet related to a pre-existing employment agreement with an employee that required a payment related to the sale of Continental which was subsequently paid as of the period ended June 30, 2012. As a result of the acquisition, the Company recorded goodwill of $2.1 million and intangible assets of $1.1 million.

Continental contributed revenues of $3.6 million to the Company for the period from May 8, 2012 to June 30, 2012. Pro forma results of the acquisition have not been included as the acquisition does not have a material impact on the Company’s financial statements.

As of June 30, 2012, the purchase price allocation has not been finalized due to the timing of the acquisition. The preliminary determination of the fair value assigned to the customer relationships, trade name, and non-compete identifiable intangible assets was determined using an income approach based on management’s estimates and assumptions. The goodwill is not deductible for U.S. income tax purposes.

The acquisition of Continental includes a contingent consideration arrangement that requires additional consideration to be paid by the Company to Continental’s former owners based on the gross margin of Continental during the twelve month period commencing June 1, 2012. The range of the undiscounted amounts the Company could pay under the contingent consideration agreement is between $0.0 million and $0.3 million. The fair value of the contingent consideration recognized on the acquisition date of $0.3 million was estimated by applying the income approach.

- Definition

The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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Reference 17: http://www.xbrl.org/2003/role/presentationRef
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-Name Statement of Financial Accounting Standard (FAS)
-Number 141R
-Paragraph F4
-Subparagraph e
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Reference 18: http://www.xbrl.org/2003/role/presentationRef
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Reference 19: http://www.xbrl.org/2003/role/presentationRef
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+ Details

Note 4 - Commitments and Contingencies

6 Months Ended

Jun. 30, 2012

Commitments and Contingencies Disclosure [Text Block]

4. Commitments and Contingencies

Lease Commitments

As of June 30, 2012, the company had approximately $11.0 million in future minimum payments required under operating leases for various real estate, transportation and office equipment leases that have an initial or remaining non-cancelable lease term. Remaining future minimum payments related to these operating leases amount to approximately $0.5 million, $1.8 million, $1.4 million, $1.2 million, and $6.1 million for the periods ending December 31, 2012, 2013, 2014, 2015 and 2016 and thereafter, respectively.

Rent expense was approximately $0.4 million and $0.1 million for the three month periods ended June 30, 2012 and 2011, respectively, and $0.6 million and $0.2 million for the six month periods ended June 30, 2012 and 2011, respectively.

Litigation

In the ordinary course of business, the Company may be a party to a variety of legal actions. The Company does not currently expect any of these matters or any of these matters in the aggregate to have a material adverse effect on the Company’s results of operations, financial condition or cash flows. However, the results of these matters cannot be predicted with certainty, and an unfavorable resolution of one or more of these matters could have a material adverse effect on the Company’s financial condition, results of operations or cash flows.

The Company carries liability and excess umbrella insurance policies that it deems sufficient to cover potential legal claims arising in the normal course of conducting its operations as a transportation company. In the event the Company is required to satisfy a legal claim in excess of the coverage provided by this insurance, the Company’s financial condition, results of operations or cash flows could be negatively impacted.

- Definition

The entire disclosure for commitments and contingencies.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
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+ Details

Note 5 - Debt

6 Months Ended

Jun. 30, 2012

Debt Disclosure [Text Block]

5. Debt

Long-Term Debt and Capital Leases

The Company enters into long-term debt and capital leases with various third parties from time to time to finance certain operational equipment and other assets used in its business operations. The Company also uses financing for acquisitions and business start-ups, among other things. Generally, these loans and capital leases bear interest at market rates, and are collateralized with accounts receivable, equipment and certain other assets of the Company.

The following table outlines the Company’s debt obligations (in thousands) as of June 30, 2012 and December 31, 2011:

	Interest rates			Term (months)		As of June 30, 2012		As of December 31, 2011
Capital leases for equipment		11.78	%		54	$	131	$	45
Notes Payable		N/A			N/A		—		2,084
Total notes payable and capital leases							131		2,129
Less: current maturities of notes payable and capital leases							28		1,675
Non-current maturities of notes payable and capital leases						$	103	$	454

During the prior quarter ended March 31, 2012, the Company repaid its revolving credit facility and term loan and terminated all related agreements.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References + Details

Note 6 - Goodwill

6 Months Ended

Jun. 30, 2012

Goodwill Disclosure [Text Block]

6. Goodwill

The following is a roll-forward of goodwill from December 31, 2011 to June 30, 2012:

	Expedited Transportation		Freight Forwarding		Freight Brokerage		Corporate		Total
Goodwill at December 31, 2011	$	7,737	$	9,222		—		—	$	16,959
Acquisitions and other adjustments						2,125				2,125
Goodwill at June 30, 2012	$	7,737	$	9,222	$	2,125	$	—	$	19,084

Note 7 - Stockholders Equity

6 Months Ended

Jun. 30, 2012

Stockholders' Equity Note Disclosure [Text Block]

7. Stockholder’s Equity

On April 15, 2012, the Company’s board of directors approved the declaration of a dividend payable to holders of the Company’s Series A Convertible Perpetual Preferred Stock (the “Preferred Stock”). The declared dividend equaled $10 per share of Preferred Stock as specified in the Certificate of Designation of the Preferred Stock. The total declared dividend equaled $0.8 million and was paid on April 16, 2012.

On March 20, 2012, the Company closed a registered underwritten public offering of 9,200,000 shares of common stock (the “Offering”), including 1,200,000 shares issued and sold as a result of the full exercise of the underwriters’ overallotment option, at a price of $15.75 per share. The Company received $137.0 million in net proceeds from the Offering after underwriting discounts and estimated expenses. The Company intends to use the proceeds for general corporate purposes, which may include potential acquisitions.

On September 2, 2011, pursuant to the Investment Agreement, dated as of June 13, 2011 (the “Investment Agreement”), by and among Jacobs Private Equity, LLC (“JPE”), the other investors party thereto (collectively with JPE, the “Investors”) and the Company, the Company issued to the Investors, for $75.0 million in cash: (i) an aggregate of 75,000 shares of the Preferred Stock which are initially convertible into an aggregate of 10,714,286 shares of common stock, and (ii) warrants initially exercisable for an aggregate of 10,714,286 shares of common stock at an initial exercise price of $7.00 per common share (the “Warrants”). The Company’s stockholders approved the issuance of the Preferred Stock and the Warrants at the special meeting of the Company’s stockholders on September 1, 2011.

- Definition

The entire disclosure for shareholders' equity, comprised of portions attributable to the parent entity and noncontrolling interest, if any, including other comprehensive income (as applicable). Including, but not limited to: (1) balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings; (2) accumulated balance for each classification of other comprehensive income and total amount of comprehensive income; (3) amount and nature of changes in separate accounts, including the number of shares authorized and outstanding, number of shares issued upon exercise and conversion, and for other comprehensive income, the adjustments for reclassifications to net income; (4) rights and privileges of each class of stock authorized; (5) basis of treasury stock, if other than cost, and amounts paid and accounting treatment for treasury stock purchased significantly in excess of market; (6) dividends paid or payable per share and in the aggregate for each class of stock for each period presented; (7) dividend restrictions and accumulated preferred dividends in arrears (in aggregate and per share amount); (8) retained earnings appropriations or restrictions, such as dividend restrictions; (9) impact of change in accounting principle, initial adoption of new accounting principle and correction of an error in previously issued financial statements; (10) shares held in trust for Employee Stock Ownership Plan (ESOP); (11) deferred compensation related to issuance of capital stock; (12) note received for issuance of stock; (13) unamortized discount on shares; (14) description, terms, and number of warrants or rights outstanding; (15) shares under subscription and subscription receivables, effective date of new retained earnings after quasi-reorganization and deficit eliminated by quasi-reorganization and, for a period of at least ten years after the effective date, the point in time from which the new retained dates; and (16) retroactive effective of subsequent change in capital structure.

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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

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-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 5
-Paragraph 15
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-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 08
-Paragraph d
-Article 4

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-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 02
-Paragraph 29, 30, 31
-Article 5

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-Publisher SEC
-Name Staff Accounting Bulletin (SAB)
-Number Topic 4
-Section E

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-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
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Reference 23: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 04
-Article 3

+ Details

Note 8 - Stock-Based Compensation

6 Months Ended

Jun. 30, 2012

Disclosure of Compensation Related Costs, Share-based Payments [Text Block]

8. Stock-Based Compensation

The following table summarizes the Company’s equity awards outstanding and exercisable as of December 31, 2011 and June 30, 2012:

	Options								Restricted Stock Units
	Options		Weighted Average Exercise Price		Exercise Price Range		Weighted Average Remaining Term		Restricted Stock Units		Weighted Average Grant Date Fair Value
Outstanding at December 31, 2011		1,381,958		8.53		2.28 - 16.92		9.00		695,000		10.34
Granted		118,000		14.78		11.46 - 18.07				385,691		12.60
Expired		25,867		7.14		3.48 - 10.56
Exercised		113,403		8.62		2.96 - 10.56
Outstanding at June 30, 2012		1,360,688		10.80		2.28 - 18.07		8.44		1,080,691		11.15

The stock-based compensation expense for outstanding restricted stock units (“RSUs”) was $0.9 million and $1.8 million for the three-month and six-month periods ended June 30, 2012, respectively. Of the 1,080,691 outstanding RSUs, 685,691 vest subject to service conditions and 395,000 vest subject to service and performance-based conditions. Based on the Company’s financial performance in 2012, the performance-based conditions relating to the RSUs have been satisfied and, accordingly, such RSUs generally will vest subject to continued service by the grantee to the Company.

As of June 30, 2012, the Company had approximately $10.0 million of unrecognized compensation cost related to non-vested RSU compensation that is anticipated to be recognized over a weighted-average period of approximately 4.04 years. Remaining estimated compensation expense related to outstanding RSU grants is $1.4 million, $2.4 million, $2.4 million, $2.4 million and $1.4 million for the years ending December 31, 2012, 2013, 2014, 2015 and 2016, respectively.

As of June 30, 2012, the Company had 339,974 options vested and exercisable and $3.5 million of unrecognized compensation cost related to stock options. The remaining estimated compensation expense related to the existing stock options is $1.0 million, $1.0 million, $0.9 million and $0.6 million for the years ended December 31, 2013, 2014, 2015 and 2016, respectively.

- Definition

The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.

+ References

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-Name Staff Accounting Bulletin (SAB)
-Number Topic 14

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 123R
-Paragraph 64, 65, A240
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Reference 8: http://www.xbrl.org/2003/role/presentationRef
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-Number 93-6
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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Note 9 - Earnings per Share

6 Months Ended

Jun. 30, 2012

Earnings Per Share [Text Block]

9. Earnings per Share

Basic earnings per common share are computed by dividing net income available to common shareholders by the weighted average number of shares of common stock outstanding during the period. Diluted earnings per common share are computed by dividing net income available to common shareholders by the combined weighted average number of shares of common stock outstanding and the potential dilution of stock options, Warrants, RSUs and Preferred Stock outstanding during the period, if dilutive. For the three-month and six-month periods ended June 30, 2012 and 2011, the weighted average of potentially dilutive securities excluded from the computation of diluted earnings per share is shown per the table below.

	Three Months Ended				Six Months Ended
	June 30, 2012		June 30, 2011		June 30, 2012		June 30, 2011
Basic common stock outstanding		17,636,834		8,252,720		16,629,420		8,214,414

Potentially Dilutive Securities:
Shares underlying the conversion of preferred stock to common stock		10,714,286		330,694		10,714,286		338,466
Shares underlying warrants to purchase common stock		6,282,659		—		6,282,659		—
Shares underlying stock options to purchase common stock		401,793		—		348,682		—
Shares underlying restricted stock units		559,381		—		613,139		—
		17,958,119		330,694		17,958,766		338,466
Diluted weighted shares outstanding		35,594,953		8,583,414		34,588,186		8,552,879

The impact of this dilution was not reflected in the earnings per share calculations in the Unaudited Condensed Consolidated Statements of Operations because the impact was anti-dilutive. The treasury method was used to determine the shares underlying the Warrants with an average market price of $16.92 per share and $15.44 per share for the three-month and six-month periods ended June 30, 2012, respectively.

Note 10 - Related Party Transactions	6 Months Ended
Note 10 - Related Party Transactions	Jun. 30, 2012
Related Party Transactions Disclosure [Text Block]	10. Related Party Transactions There were no related party transactions that occurred during the quarter ended June 30, 2012.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References

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-Number 210
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-Name Statement of Financial Accounting Standard (FAS)
-Number 57
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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Note 11 - Operating Segments

6 Months Ended

Jun. 30, 2012

Segment Reporting Disclosure [Text Block]

11. Operating Segments

The Company has three reportable segments as described in Note 1 of the unaudited condensed consolidated financial statements.

The costs of the Company’s board of directors, executive team and certain corporate costs associated with operating as a public company are referred to as “corporate” charges.

The accounting policies of the reportable segments are the same as those described in the summary of significant accounting policies. The Company evaluates performance based on operating income of the respective business segments.

The following schedule identifies select financial data for each of the Company’s operating segments for the three-month and six-month periods ended June 30, 2012 and 2011, respectively (in thousands):

XPO Logistics, Inc.

Segment Data

(Unaudited)

(in thousands)

	Expedited Transportation		Freight Forwarding		Freight Brokerage			Corporate			Eliminations			Total
Three Months Ended June 30, 2012
Revenue	$	25,731	$	16,468	$	13,877		$	—		$	(1,536	)	$	54,540
Operating income (loss) from operations		2,374		128		(972	)		(4,898	)					(3,368	)
Depreciation and amortization		130		144		77			73						424
Interest expense		1		1		—			1						3
Tax provision						—			1,780						1,780
Goodwill		7,737		9,222		2,125			—						19,084
Total assets		28,953		22,920		12,899			237,335			(41,376	)		260,731
Three Months Ended June 30, 2011
Revenue	$	23,060	$	15,722	$	6,687		$	—		$	(1,375	)	$	44,094
Operating income (loss) from operations		2,014		399		172			(942	)					1,643
Depreciation and amortization		162		144		11			6						323
Interest expense		—		39		8			—						47
Tax provision		558		76		45			(30	)					649
Goodwill		7,737		9,222		—			—						16,959
Total assets		24,409		24,258		4,532			23,309			(20,912	)		55,596
Six Months Ended June 30, 2012
Revenue	$	48,151	$	31,925	$	21,805		$	—		$	(2,781	)	$	99,100
Operating income (loss) from operations		3,954		290		(1,126	)		(10,710	)					(7,592	)
Depreciation and amortization		266		288		97			90						741
Interest expense		2		—		1			12						15
Tax provision		—		—		—			259						259
Goodwill		7,737		9,222		2,125			—						19,084
Total assets		28,953		22,920		12,899			237,335			(41,376	)		260,731
Six Months Ended June 30, 2011
Revenue	$	43,802	$	31,461	$	12,670		$	—		$	(2,331	)	$	85,602
Operating income (loss) from operations		3,915		871		310			(1,453	)					3,643
Depreciation and amortization		321		286		21			11						639
Interest expense		—		78		17			1						96
Tax provision		1,114		201		83			56						1,454
Goodwill		7,737		9,222		—			—						16,959
Total assets		24,409		24,258		4,532			23,309			(20,912	)		55,596

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

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+ Details

Note 12 - Subsequent Events

6 Months Ended

Jun. 30, 2012

Subsequent Events [Text Block]

12. Subsequent Events

On July 9, 2012, the Company’s board of directors approved the declaration of a dividend payable to holders of the Preferred Stock. The declared dividend equaled $10 per share of Preferred Stock as specified in the Certificate of Designation of the Preferred Stock. The total declared dividend equaled $0.8 million and was paid on July 13, 2012.

On August 3, 2012, the Company acquired the freight brokerage operations of Kelron Corporate Services Inc. (collectively with its affiliated companies, “Kelron”), a non-asset, third party logistics business based in Canada. Founded in 1992, Kelron serves more than 750 customers through locations in Toronto, Ontario; Vancouver, British Columbia; Montreal, Quebec; and Cleveland, Ohio. Kelron generated trailing 12 months revenue of approximately $100 million as of June 30, 2012. The cash purchase price was $8.0 million, excluding any working capital adjustments. The preliminary allocation of the purchase price will be provided in the Company’s Quarterly Report on Form 10-Q for the fiscal quarter ending September 30, 2012.

Accounting Policies, by Policy (Policies)	6 Months Ended
Accounting Policies, by Policy (Policies)	Jun. 30, 2012
Use of Estimates, Policy [Policy Text Block]	Use of Estimates The Company prepares its unaudited condensed consolidated financial statements in conformity with accounting principles generally accepted in the United States of America. These principles require management to make estimates and assumptions that impact the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenue and expense during the reporting period. The Company reviews its estimates on a regular basis and makes adjustments based on historical experiences and existing and expected future conditions. Estimates are made with respect to, among other matters, accrued revenue, purchased transportation, recoverability of long-lived assets, accrual of acquisition earn-outs, estimated legal accruals, valuation allowances for deferred taxes, reserve for uncertain tax positions, and allowance for doubtful accounts. These evaluations are performed and adjustments are made as information is available. Management believes that these estimates, which have been discussed with the audit committee of the Company's board of directors, are reasonable; however, actual results could differ from these estimates.
Revenue Recognition, Policy [Policy Text Block]	Revenue Recognition The Company recognizes revenue at the point in time when delivery is completed on the freight shipments it handles, with related costs of delivery being accrued as incurred and expensed within the same period in which the associated revenue is recognized. The Company uses the following supporting criteria to determine that revenue has been earned and should be recognized: Persuasive evidence of an arrangement exists; Services have been rendered; The sales price is fixed and determinable; and Collectability is reasonably assured. The Company reports revenue on a gross basis in accordance with the Financial Accounting Standards Board's ("FASB") Accounting Standard Codification ("ASC") Topic 605, " Reporting Revenue Gross as Principal Versus Net as an Agent ". The Company believes presentation on a gross basis is appropriate under ASC Topic 605 in light of the following factors: The Company is the primary obligor and is responsible for providing the service desired by the customer. The customer holds the Company responsible for fulfillment, including the acceptability of the service (requirements may include, for example, on-time delivery, handling freight loss and damage claims, establishing pick-up and delivery times, and tracing shipments in transit). For Expedited Transportation and Freight Brokerage, the Company has complete discretion to select its drivers, contractors or other transportation providers (collectively, "service providers"). For Freight Forwarding, the Company enters into agreements with significant service providers that specify the cost of services, among other things, and has ultimate authority in providing approval for all service providers that can be used by Freight Forwarding's independently-owned stations. Independently-owned stations may further negotiate the cost of services with Freight Forwarding-approved service providers for individual customer shipments. Expedited Transportation and Freight Brokerage have complete discretion to establish sales prices. Independently-owned stations within Freight Forwarding have the discretion to establish sales prices. The Company bears credit risk for all receivables. In the case of Freight Forwarding the independently-owned stations reimburse Freight Forwarding for a portion (typically 70-80%) of credit losses. Freight Forwarding retains the risk that the independent station owners will not meet this obligation.
Income Tax, Policy [Policy Text Block]	Income Taxes Taxes on income are provided in accordance with ASC Topic 740, " Income Taxes ". Deferred income tax assets and liabilities are recognized for the expected future tax consequences of events that have been reflected in the unaudited condensed consolidated financial statements. Deferred tax assets and liabilities are determined based on the differences between the book values and the tax basis of particular assets and liabilities, and the tax effects of net operating loss and capital loss carry forwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in the tax rate is recognized as income or expense in the period that included the enactment date. A valuation allowance is provided to offset the net deferred tax assets if, based upon the available evidence, it is more likely than not that some or all of the deferred tax assets will not be realized. Management periodically assesses the likelihood that the company will utilize its existing deferred tax assets and records a valuation allowance for deferred tax assets when it is more likely than not that such deferred tax assets will not be realized. Based on this evaluation, as of June30, 2012, a valuation allowance of $3.0 million has been recorded with respect to the Company's deferred tax assets as a result of the Company's projected cumulative loss expected to be incurred over the three-year period ended December31, 2012. The amount of the deferred tax asset considered realizable, however, could be adjusted in the future if estimates of future taxable income during the carryforward period are increased, or if objective negative evidence in the form of cumulative losses is no longer present and additional weight may be given to subjective evidence such as our projections for growth. The valuation allowance does not limit the Company's ability to utilize the loss-carryforwards or other deferred tax assets on future tax returns. Accounting for uncertainty in income taxes is determined based on ASC Topic 740, which clarifies the accounting for uncertainty in income taxes recognized in a company's financial statements and provides guidance on the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. ASC Topic 740 also provides guidance on derecognition, classification, interest and penalties, accounting in interim periods, disclosures and transition. The Company had accrued $0.2 million for uncertain tax positions related to certain potential state income taxes at both June30, 2012 and December31, 2011. The Company is currently under audit by the Internal Revenue Service of the United States related to its 2010 fiscal year tax filing.
Goodwill and Intangible Assets, Policy [Policy Text Block]	Goodwill and Intangible Assets with Indefinite Lives Goodwill consists of the excess of cost over the fair value of net assets acquired in business combinations. Intangible assets with indefinite lives consist principally of the Express-1 and CGL trade names. The Company follows the provisions of ASC Topic 350, " Intangibles - Goodwill and Other", which requires an annual impairment test for goodwill and intangible assets with indefinite lives. If the carrying value of intangibles with indefinite lives exceeds their fair value, an impairment loss is recognized in an amount equal to that excess. Goodwill is evaluated using a two-step impairment test at the reporting unit level. The first step compares the book value of a reporting unit, including goodwill, with its fair value. If the book value of a reporting unit exceeds its fair value, the Company completes the second step in order to determine the amount of goodwill impairment loss that should be recorded. In the second step, the Company determines an implied fair value of the reporting unit's goodwill by allocating the fair value of the reporting unit to all of the assets and liabilities other than goodwill. The amount of impairment is equal to the excess of the book value of goodwill over the implied fair value of that goodwill. The Company performs the annual impairment testing during the third quarter unless events or circumstances indicate impairment of the goodwill may have occurred before that time. For the periods presented, the Company did not recognize any goodwill impairment as the estimated fair value of its reporting units with goodwill exceeded the book value of these reporting units. For additional information refer to Note 6-Goodwill. The Company's intangible assets with indefinite lives were $6.4 million at June30, 2012 and December31, 2011.
Intangible Assets, Finite-Lived, Policy [Policy Text Block]	Identified Intangible Assets The Company follows the provisions of ASC Topic 360, " Property, Plant and Equipment ", which establishes accounting standards for the impairment of long-lived assets such as property, plant and equipment and intangible assets subject to amortization. The Company reviews long-lived assets to be held-and-used for impairment whenever events or changes in circumstances indicate that the carrying amount of the assets may not be recoverable. If the sum of the undiscounted expected future cash flows over the remaining useful life of a long-lived asset group is less than its carrying amount, the asset is considered to be impaired. Impairment losses are measured as the amount by which the carrying amount of the asset group exceeds the fair value of the asset. The Company estimates fair value using the expected future cash flows discounted at a rate commensurate with the risks associated with the recovery of the asset. During the six-month periods ended June30, 2012 and 2011, there was no impairment of the identified intangible assets. The Company's intangible assets subject to amortization consist of employee contracts, non-compete agreements, customer relationships and other intangibles that are amortized on a straight-line basis over the estimated useful lives of the related intangible asset. The estimated useful lives of the respective intangible assets range from four to 12 years.
Other Long-Term Assets [Policy Text Block]	Other Long-Term Assets Other long-term assets consist primarily of balances representing various deposits, and notes receivable from various CGL independent station owners. Also included within this account classification are incentive payments to independent station owners within the CGL network. These payments are made by CGL to certain station owners as an incentive to establish an independently-owned station. These amounts are amortized over the life of each independent station contract and the unamortized portion generally is recoverable in the event of default under the terms of the agreements.
Fair Value of Financial Instruments, Policy [Policy Text Block]	Fair Value Measurements FASB ASC Topic 820, " Fair Value Measurements and Disclosures ", defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date and classifies the inputs used to measure fair value into the following hierarchy: Level 1 -Quoted prices for identical instruments in active markets; Level 2 -Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations in which all significant inputs are observable in active markets; and Level 3 -Valuations based on inputs that are unobservable, generally utilizing pricing models or other valuation techniques that reflect management's judgment and estimates. Fair Value Measurements as of June30, 2012 Total Level 1 Level2 Level3 Assets: Money Market Funds $ 186,290 186,290 $ - $ - Liabilities: Contingent consideration obligations $ 305 $ - $ - $ 305 FairValueMeasurementsasofDecember31,2011 Total Level 1 Level 2 Level 3 Assets: Money Market Funds $ - $ - $ - $ - Liabilities: Contingent consideration obligations $ 450 $ - $ - $ 450 Estimated Fair Value of Financial Instruments The aggregate net fair value estimates discussed herein are based upon certain market assumptions and pertinent information available to management. The respective carrying value of certain financial instruments approximated their fair values as of the periods ended June30, 2012 and 2011. These financial instruments include cash, accounts receivable, notes receivable, accounts payable, accrued expense and short-term borrowings. Fair values approximate carrying values for these financial instruments since they are short-term in nature and they are receivable or payable on demand. The fair value of the Freight Forwarding notes receivable from the owners of the independently-owned stations approximated their respective carrying values based on the interest rates associated with these instruments.
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block]	Stock-Based Compensation The Company accounts for share-based compensation based on the equity instrument's grant date fair value in accordance with ASC Topic 718, "Compensation-Stock Compensation" . The fair value of each share-based payment award is established on the date of grant. For grants of restricted stock units, the fair value is established based on the market price on the date of the grant. For grants of options, the Company uses the Black-Scholes-Merton option pricing model to estimate the fair value of share-based payment awards. The determination of the fair value of share-based awards is affected by the Company's stock price and a number of assumptions, including expected volatility, expected life, risk-free interest rate and expected dividends. The weighted-average fair value of each stock option recorded in expense for the six-month period ended June30, 2012 was estimated on the date of grant using the Black-Scholes-Merton option pricing model and was amortized over the requisite service period of the option. The Company has used one grouping for the assumptions, as its option grants have similar characteristics. The expected term of options granted has been derived based upon the Company's history of actual exercise behavior and represents the period of time that options granted are expected to be outstanding. Historical data was also used to estimate option exercises and employee terminations. Estimated volatility is based upon the Company's historical market price at consistent points in a period equal to the expected life of the options. The risk-free interest rate is based on the U.S. Treasury yield curve in effect at the time of grant and the expected dividend yield is zero. For additional information refer to Note 8-Stock-Based Compensation .
Earnings Per Share, Policy [Policy Text Block]	Earnings per Share Earnings per common share are computed in accordance with ASC Topic 260, " Earnings per Share ", which requires companies to present basic earnings per share and diluted earnings per share. The Company has in place an Employee Stock Ownership Plan ("ESOP"). Shares held by the ESOP are included in both the basic and diluted weighted average common shares outstanding amounts. As of December31, 2011 and June30, 2012, the ESOP held 52,936 shares of common stock.
Internal Use Software, Policy [Policy Text Block]	Internal Use Software The Company has adopted the provisions of ASC Topic350, "Intangibles - Goodwill and Other" . Accordingly, certain costs incurred in the planning and evaluation stage of internal use computer software are expensed as incurred. Costs incurred during the application development stage are capitalized and included in property and equipment. Capitalized internal use software costs are amortized over the expected economic life of three years using the straight-line method.

Note 2 - Basis of Presentation and Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2012

Schedule of Finite-Lived Intangible Assets [Table Text Block]

	June 30, 2012			December 31, 2011
Definite Lived Intangibles:
Trade name		270			220
Non-compete agreements		873			763
Customer lists and relationships		2,924			1,974
Other intangible assets		1,996			1,996
		6,063			4,953
Less: accumulated amortization		(3,577	)		(3,320	)
Intangible assets, net		2,486			1,633

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

	Fair Value Measurements as of June 30, 2012
	Total		Level 1		Level 2		Level 3
Assets:
Money Market Funds	$	186,290		186,290	$	—	$	—

Liabilities:
Contingent consideration obligations	$	305	$	—	$	—	$	305

	Fair Value Measurements as of December 31, 2011
	Total		Level 1		Level 2		Level 3
Assets:
Money Market Funds	$	—	$	—	$	—	$	—

Liabilities:
Contingent consideration obligations	$	450	$	—	$	—	$	450

Note 5 - Debt (Tables)

6 Months Ended

Jun. 30, 2012

Schedule of Debt [Table Text Block]

	Interest rates			Term (months)		As of June 30, 2012		As of December 31, 2011
Capital leases for equipment		11.78	%		54	$	131	$	45
Notes Payable		N/A			N/A		—		2,084
Total notes payable and capital leases							131		2,129
Less: current maturities of notes payable and capital leases							28		1,675
Non-current maturities of notes payable and capital leases						$	103	$	454

Note 6 - Goodwill (Tables)

6 Months Ended

Jun. 30, 2012

Schedule of Goodwill [Table Text Block]

	Expedited Transportation		Freight Forwarding		Freight Brokerage		Corporate		Total
Goodwill at December 31, 2011	$	7,737	$	9,222		—		—	$	16,959
Acquisitions and other adjustments						2,125				2,125
Goodwill at June 30, 2012	$	7,737	$	9,222	$	2,125	$	—	$	19,084

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References + Details

Note 8 - Stock-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2012

Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]

	Options								Restricted Stock Units
	Options		Weighted Average Exercise Price		Exercise Price Range		Weighted Average Remaining Term		Restricted Stock Units		Weighted Average Grant Date Fair Value
Outstanding at December 31, 2011		1,381,958		8.53		2.28 - 16.92		9.00		695,000		10.34
Granted		118,000		14.78		11.46 - 18.07				385,691		12.60
Expired		25,867		7.14		3.48 - 10.56
Exercised		113,403		8.62		2.96 - 10.56
Outstanding at June 30, 2012		1,360,688		10.80		2.28 - 18.07		8.44		1,080,691		11.15

Note 9 - Earnings per Share (Tables)

6 Months Ended

Jun. 30, 2012

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]

	Three Months Ended				Six Months Ended
	June 30, 2012		June 30, 2011		June 30, 2012		June 30, 2011
Basic common stock outstanding		17,636,834		8,252,720		16,629,420		8,214,414

Potentially Dilutive Securities:
Shares underlying the conversion of preferred stock to common stock		10,714,286		330,694		10,714,286		338,466
Shares underlying warrants to purchase common stock		6,282,659		—		6,282,659		—
Shares underlying stock options to purchase common stock		401,793		—		348,682		—
Shares underlying restricted stock units		559,381		—		613,139		—
		17,958,119		330,694		17,958,766		338,466
Diluted weighted shares outstanding		35,594,953		8,583,414		34,588,186		8,552,879

Note 11 - Operating Segments (Tables)

6 Months Ended

Jun. 30, 2012

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

	Expedited Transportation		Freight Forwarding		Freight Brokerage			Corporate			Eliminations			Total
Three Months Ended June 30, 2012
Revenue	$	25,731	$	16,468	$	13,877		$	—		$	(1,536	)	$	54,540
Operating income (loss) from operations		2,374		128		(972	)		(4,898	)					(3,368	)
Depreciation and amortization		130		144		77			73						424
Interest expense		1		1		—			1						3
Tax provision						—			1,780						1,780
Goodwill		7,737		9,222		2,125			—						19,084
Total assets		28,953		22,920		12,899			237,335			(41,376	)		260,731
Three Months Ended June 30, 2011
Revenue	$	23,060	$	15,722	$	6,687		$	—		$	(1,375	)	$	44,094
Operating income (loss) from operations		2,014		399		172			(942	)					1,643
Depreciation and amortization		162		144		11			6						323
Interest expense		—		39		8			—						47
Tax provision		558		76		45			(30	)					649
Goodwill		7,737		9,222		—			—						16,959
Total assets		24,409		24,258		4,532			23,309			(20,912	)		55,596
Six Months Ended June 30, 2012
Revenue	$	48,151	$	31,925	$	21,805		$	—		$	(2,781	)	$	99,100
Operating income (loss) from operations		3,954		290		(1,126	)		(10,710	)					(7,592	)
Depreciation and amortization		266		288		97			90						741
Interest expense		2		—		1			12						15
Tax provision		—		—		—			259						259
Goodwill		7,737		9,222		2,125			—						19,084
Total assets		28,953		22,920		12,899			237,335			(41,376	)		260,731
Six Months Ended June 30, 2011
Revenue	$	43,802	$	31,461	$	12,670		$	—		$	(2,331	)	$	85,602
Operating income (loss) from operations		3,915		871		310			(1,453	)					3,643
Depreciation and amortization		321		286		21			11						639
Interest expense		—		78		17			1						96
Tax provision		1,114		201		83			56						1,454
Goodwill		7,737		9,222		—			—						16,959
Total assets		24,409		24,258		4,532			23,309			(20,912	)		55,596

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References + Details

Note 1 - Organization (Detail)	6 Months Ended
Note 1 - Organization (Detail)	Jun. 30, 2012
Number of Operating Segments	3

Note 2 - Basis of Presentation and Significant Accounting Policies (Detail) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2012	Dec. 31, 2011
Minimum [Member]
Finite-Lived Intangible Asset, Useful Life	4 years
Maximum [Member]
Finite-Lived Intangible Asset, Useful Life	12 years
Computer Software, Intangible Asset [Member]
Finite-Lived Intangible Asset, Useful Life	3 years
Typical Percentage Of Credit Losses Reimbursed To Freight Forwarding By Independently Owned Stations	70-80%
Deferred Tax Assets, Valuation Allowance (in Dollars)	$ 3.0
Income Tax Examination, Liability Recorded (in Dollars)	0.2	$ 0.2
Indefinite-Lived Trade Names (in Dollars)	$ 6.4
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate	0.00%
Shares Held in Employee Stock Option Plan, Allocated (in Shares)	52,936	52,936

Note 2 - Basis of Presentation and Significant Accounting Policies (Detail) - Intangible assets with definite lives - USD ($) $ in Thousands	Jun. 30, 2012	Dec. 31, 2011
Definite Lived Intangibles:
Trade name	$ 270	$ 220
Non-compete agreements	873	763
Customer lists and relationships	2,924	1,974
Other intangible assets	1,996	1,996
	6,063	4,953
Less: accumulated amortization	(3,577)	(3,320)
Intangible assets, net	$ 2,486	$ 1,633

Note 2 - Basis of Presentation and Significant Accounting Policies (Detail) - Fair Value and Input Level of Financial Assets and Liabilities - USD ($) $ in Thousands	Jun. 30, 2012	Dec. 31, 2011
Total [Member]
Assets:
Money Market Funds	$ 186,290
Liabilities:
Contingent consideration obligations	305	$ 450
Fair Value, Inputs, Level 1 [Member]
Assets:
Money Market Funds	186,290
Fair Value, Inputs, Level 3 [Member]
Liabilities:
Contingent consideration obligations	$ 305	$ 450

- Definition

Fair value, as of the acquisition date, of potential payments under the contingent consideration arrangement including cash and shares.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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-Section 35
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Reference 13: http://www.xbrl.org/2003/role/presentationRef
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Reference 14: http://www.xbrl.org/2003/role/presentationRef
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+ Details

- Definition

This element represents the portion of the balance sheet assertion valued at fair value by the entity whether such amount is presented as a separate caption or as a parenthetical disclosure. Additionally, this element may be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. The element may be used in both the balance sheet and disclosure in the same submission. This item includes currency on hand as well as demand deposits with banks or financial institutions. It also includes other kinds of accounts that have the general characteristics of demand deposits in that the Company may deposit additional funds at any time and also effectively may withdraw funds at any time without prior notice or penalty. Cash equivalents, excluding items classified as marketable securities, include short-term, highly liquid investments that are both readily convertible to known amounts of cash, and so near their maturity that they present minimal risk of changes in value because of changes in interest rates. Generally, only investments with original maturities of three months or less qualify under that definition. Original maturity means original maturity to the entity holding the investment. For example, both a three-month US Treasury bill and a three-year Treasury note purchased three months from maturity qualify as cash equivalents. However, a Treasury note purchased three years ago does not become a cash equivalent when its remaining maturity is three months.

+ References + Details

Note 3 - Acquisitions (Detail) - USD ($) $ in Millions	2 Months Ended
Note 3 - Acquisitions (Detail) - USD ($) $ in Millions	Jun. 30, 2012	Aug. 03, 2012	May 08, 2012
Pre-existing employment agreement [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Contingent Liability			$ 0.3
Minimum [Member]
Business Acquisition, Contingent Consideration, Potential Cash Payment			0.0
Maximum [Member]
Business Acquisition, Contingent Consideration, Potential Cash Payment			0.3
Business Acquisition, Cost of Acquired Entity, Cash Paid		$ 8.0	3.5
Business Acquisition, Contingent Consideration, Potential Cash Payment			0.3
Business Acquisition, Purchase Price Allocation, Goodwill Amount			2.1
Business Acquisition, Purchase Price Allocation, Amortizable Intangible Assets			1.1
Business Combination, Pro Forma Information, Revenue of Acquiree since Acquisition Date, Actual	$ 3.6
Business Acquisition, Contingent Consideration, at Fair Value, Current			$ 0.3

Note 4 - Commitments and Contingencies (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
Operating Leases, Future Minimum Payments Due	$ 11.0		$ 11.0
Operating Leases, Future Minimum Payments, Remainder of Fiscal Year	0.5		0.5
Operating Leases, Future Minimum Payments Due, Next Twelve Months	1.8		1.8
Operating Leases, Future Minimum Payments, Due in Two Years	1.4		1.4
Operating Leases, Future Minimum Payments, Due in Three Years	1.2		1.2
Operating Leases, Future Minimum Payments, Due in Four Years	6.1		6.1
Operating Leases, Rent Expense	$ 0.4	$ 0.1	$ 0.6	$ 0.2

Note 5 - Debt (Detail) - Debt Obligations - USD ($) $ in Thousands	Jun. 30, 2012	Dec. 31, 2011
Capital leases for equipment	11.78%
Capital leases for equipment	54 months
Capital leases for equipment	$ 131	$ 45
Notes Payable		2,084
Total notes payable and capital leases	131	2,129
Less: current maturities of notes payable and capital leases	28	1,675
Non-current maturities of notes payable and capital leases	$ 103	$ 454

Note 6 - Goodwill (Detail) - Goodwill Roll-Forward $ in Thousands	6 Months Ended
	Jun. 30, 2012 USD ($)
Expedited Transportation [Member]
Goodwill at December 31, 2011	$ 7,737
Goodwill at June 30, 2012	7,737
Freight Forwarding [Member]
Goodwill at December 31, 2011	9,222
Goodwill at June 30, 2012	9,222
Freight Brokerage [Member]
Acquisitions and other adjustments	2,125
Goodwill at June 30, 2012	2,125
Goodwill at December 31, 2011	16,959
Acquisitions and other adjustments	2,125
Goodwill at June 30, 2012	$ 19,084

- Definition

Carrying amount as of the balance sheet date, which is the cumulative amount paid and (if applicable) the fair value of any noncontrolling interest in the acquiree, adjusted for any amortization recognized prior to the adoption of any changes in generally accepted accounting principles (as applicable) and for any impairment charges, in excess of the fair value of net assets acquired in one or more business combination transactions.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
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-Section 45
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6388280&loc=d3e13770-109266

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 142
-Paragraph 45
-Subparagraph e
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 142
-Paragraph 43
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 141R
-Paragraph 72
-Subparagraph d
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 142
-Paragraph 45
-Subparagraph e
-Clause 1
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 141R
-Paragraph 68
-Subparagraph l
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 141R
-Paragraph 34
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Note 7 - Stockholders Equity (Detail) $ / shares in Units, $ in Thousands	1 Months Ended				6 Months Ended
	Jul. 31, 2012 USD ($) $ / shares	Apr. 30, 2012 USD ($) $ / shares	Mar. 31, 2012 USD ($) $ / shares shares	Sep. 30, 2011 USD ($) $ / item shares	Jun. 30, 2012 USD ($)
Common Class A [Member]
Stock Issued During Period, Shares, New Issues			9,200,000
Shares Issued and Sold as a Result of the Full Exercise of the Underwriters' Overallotment Option			1,200,000
Convertible Preferred Stock [Member]
Stock Issued During Period, Shares, New Issues				75,000
Preferred Stock, Dividend Rate, Per-Dollar-Amount (in Dollars per share) \| $ / shares	$ 10	$ 10
Dividends, Preferred Stock, Cash (in Dollars) \| $	$ 800	$ 800
Equity Issuance, Per Share Amount (in Dollars per share) \| $ / shares			$ 15.75
Proceeds from Issuance of Common Stock (in Dollars) \| $			$ 137,000		$ 136,961
Proceeds from Issuance of Convertible Preferred Stock (in Dollars) \| $				$ 75,000
Aggregate Number Of Common Shares That The Issued Preferred Stock Can Be Coverted Into				10,714,286
Class of Warrant or Right, Number of Securities Called by Warrants or Rights				10,714,286
Class of Warrant or Right, Exercise Price of Warrants or Rights (in Dollars per Item) \| $ / item				7.00

Note 8 - Stock-Based Compensation (Detail) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2012	Jun. 30, 2012	Dec. 31, 2011
Restricted Stock Units (RSUs) [Member]
Allocated Share-based Compensation Expense	$ 0.9	$ 1.8
Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized	10.0	10.0
Stock Options [Member]
Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized, Stock Options	$ 3.5	$ 3.5
Restricted Stock Units Outstanding (in Shares)	1,080,691	1,080,691	695,000
Restricted Stock Units Outstanding Which Vest Subject to Service Conditions (in Shares)	685,691	685,691
Restricted Stock Units Outstanding Which Vest Subject to Service And Performance Based Conditions (in Shares)	395,000	395,000
Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized, Period for Recognition		4 years 14 days
Share Based Compensation Estimate, Restricted Stock Units, FY12		$ 1.4
Share Based Compensation Estimate, Restricted Stock Units, FY 13		2.4
Share Based Compensation Estimate, Restricted Stock Units, FY 14		2.4
Share Based Compensation Estimate, Restricted Stock Units FY 15		2.4
Share Based Compensation Estimate, Restricted Stock Units, FY 16		$ 1.4
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Number (in Shares)	339,974	339,974
Share Based Estimated Compensation Expense, Stock Options, FY13		$ 1.0
Share Based Estimated Compensation Expense, Stock Options, FY14		1.0
Share Based Estimated Compensation Expense, Stock Options, FY15		0.9
Share Based Estimated Compensation Expense, Stock Options, FY16		$ 0.6

Note 8 - Stock-Based Compensation (Detail) - Equity awards outstanding and exercisable	6 Months Ended
	Jun. 30, 2012 $ / shares shares
Outstanding at December 31, 2011 \| shares	1,381,958
Outstanding at December 31, 2011 (in Dollars per share) \| $ / shares	$ 8.53
Outstanding at December 31, 2011	2.28 - 16.92
Outstanding at December 31, 2011	9 years
Outstanding at December 31, 2011 \| shares	695,000
Outstanding at December 31, 2011 (in Dollars per share) \| $ / shares	$ 10.34
Outstanding at June 30, 2012 \| shares	1,360,688
Outstanding at June 30, 2012 (in Dollars per share) \| $ / shares	$ 10.80
Outstanding at June 30, 2012	2.28 - 18.07
Outstanding at June 30, 2012	8 years 160 days
Outstanding at June 30, 2012 \| shares	1,080,691
Outstanding at June 30, 2012 (in Dollars per share) \| $ / shares	$ 11.15
Granted \| shares	118,000
Granted (in Dollars per share) \| $ / shares	$ 14.78
Granted	11.46 - 18.07
Granted \| shares	385,691
Granted (in Dollars per share) \| $ / shares	$ 12.60
Expired \| shares	25,867
Expired (in Dollars per share) \| $ / shares	$ 7.14
Expired	3.48 - 10.56
Exercised \| shares	113,403
Exercised (in Dollars per share) \| $ / shares	$ 8.62
Exercised	2.96 - 10.56

Note 9 - Earnings per Share (Detail) - $ / shares	3 Months Ended	6 Months Ended
Note 9 - Earnings per Share (Detail) - $ / shares	Jun. 30, 2012	Jun. 30, 2012
Assumed Average Market Price Per Share Exercise Of Warrants Treasury Method	$ 16.92	$ 15.44

Note 9 - Earnings per Share (Detail) - Weighted Average of Potentially Dilutive Securities Excluded From Computation of Diluted Earnings Per Share - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
Basic common stock outstanding	17,636,834	8,252,720	16,629,420	8,214,414
Potentially Dilutive Securities:
Shares underlying the conversion of preferred stock to common stock	10,714,286	330,694	10,714,286	338,466
Shares underlying warrants to purchase common stock	6,282,659		6,282,659
Shares underlying stock options to purchase common stock	401,793		348,682
Shares underlying restricted stock units	559,381		613,139
	17,958,119	330,694	17,958,766	338,466
Diluted weighted shares outstanding	35,594,953	8,583,414	34,588,186	8,552,879

- Definition

Securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) or earnings per unit (EPU) in the future that were not included in the computation of diluted EPS or EPU because to do so would increase EPS or EPU amounts or decrease loss per share or unit amounts for the period presented.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Antidilution
-URI http://asc.fasb.org/extlink&oid=6505113

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Diluted Earnings Per Share
-URI http://asc.fasb.org/extlink&oid=6510752

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Contingent Stock Agreement
-URI http://asc.fasb.org/extlink&oid=6508534

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 40
-Subparagraph c
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 13, 14
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Emerging Issues Task Force (EITF)
-Number 07-4
-Paragraph 4
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 171
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

- Definition

Additional shares included in the calculation of diluted EPS as a result of the potentially dilutive effect of call options and warrants using the treasury stock method.

+ References + Details

- Definition

Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1448-109256

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Weighted-Average Number of Common Shares Outstanding
-URI http://asc.fasb.org/extlink&oid=6528421

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Emerging Issues Task Force (EITF)
-Number 07-4
-Paragraph 4
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 8
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 171
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 40
-Subparagraph a
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Note 11 - Operating Segments (Detail) - Financial Data for Operating Segments - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011	Dec. 31, 2011
Expedited Transportation [Member]
Revenues	$ 25,731	$ 23,060	$ 48,151	$ 43,802
Operating income (loss)	2,374	2,014	3,954	3,915
Depreciation and amortization	130	162	266	321
Interest expense	1		2
Tax provision		558		1,114
Goodwill	7,737	7,737	7,737	7,737	$ 7,737
Total assets	28,953	24,409	28,953	24,409
Freight Forwarding [Member]
Revenues	16,468	15,722	31,925	31,461
Operating income (loss)	128	399	290	871
Depreciation and amortization	144	144	288	286
Interest expense	1	39		78
Tax provision		76		201
Goodwill	9,222	9,222	9,222	9,222	9,222
Total assets	22,920	24,258	22,920	24,258
Freight Brokerage [Member]
Revenues	13,877	6,687	21,805	12,670
Operating income (loss)	(972)	172	(1,126)	310
Depreciation and amortization	77	11	97	21
Interest expense		8	1	17
Tax provision		45		83
Goodwill	2,125		2,125
Total assets	12,899	4,532	12,899	4,532
Corporate [Member]
Operating income (loss)	(4,898)	(942)	(10,710)	(1,453)
Depreciation and amortization	73	6	90	11
Interest expense	1		12	1
Tax provision	1,780	(30)	259	56
Total assets	237,335	23,309	237,335	23,309
Eliminations [Member]
Revenues	(1,536)	(1,375)	(2,781)	(2,331)
Total assets	(41,376)	(20,912)	(41,376)	(20,912)
Revenues	54,540	44,094	99,100	85,602
Operating income (loss)	(3,368)	1,643	(7,592)	3,643
Depreciation and amortization	424	323	741	639
Interest expense	3	47	15	96
Tax provision	1,780	649	259	1,454
Goodwill	19,084	16,959	19,084	16,959	16,959
Total assets	$ 260,731	$ 55,596	$ 260,731	$ 55,596	$ 127,641

Note 12 - Subsequent Events (Detail) - USD ($) $ / shares in Units, $ in Millions	1 Months Ended		12 Months Ended
	Jul. 31, 2012	Apr. 30, 2012	Jun. 30, 2012	Aug. 03, 2012	May 08, 2012
Preferred Stock, Dividend Rate, Per-Dollar-Amount (in Dollars per share)	$ 10	$ 10
Dividends, Preferred Stock, Cash	$ 0.8	$ 0.8
Business Combination, Trailing 12 Month Revenue of Acquiree			$ 100.0
Business Acquisition, Cost of Acquired Entity, Cash Paid				$ 8.0	$ 3.5