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Document And Entity Information - USD ($)	12 Months Ended
Document And Entity Information - USD ($)	Dec. 31, 2012	Mar. 07, 2013	Jun. 30, 2012
Document and Entity Information [Abstract]
Entity Registrant Name	XPO Logistics, Inc.
Document Type	10-K
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding		18,147,182
Entity Public Float			$ 294,200,000
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	Dec. 31, 2012
Document Fiscal Year Focus	2012
Document Fiscal Period Focus	FY

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2012	Dec. 31, 2011
Current assets:
Cash and cash equivalents	$ 252,293	$ 74,007
Accounts receivable, net of allowances of $603 and $356, respectively	61,245	22,425
Prepaid expenses	1,555	426
Deferred tax asset, current	1,406	955
Income tax receivable	2,569	1,109
Other current assets	1,866	219
Total current assets	320,934	99,141
Property and equipment, net of $5,323 and $3,937 in accumulated depreciation, respectively	13,090	2,979
Goodwill	55,947	16,959
Identifiable intangible assets, net of $4,592 and $3,320 in accumulated amortization, respectively	22,473	8,053
Other long-term assets	764	509
Total long-term assets	92,274	28,500
Total assets	413,208	127,641
Current liabilities:
Accounts payable	22,108	8,565
Accrued salaries and wages	3,516	2,234
Accrued expenses, other	21,123	2,789
Current maturities of notes payable and capital leases	491	1,675
Other current liabilities	1,789	808
Total current liabilities	49,027	16,071
Convertible senior notes	108,280
Notes payable and capital leases, net of current maturities	676	454
Deferred tax liability, long term	6,781	2,346
Other long-term liabilities	3,385	410
Total long-term liabilities	119,122	3,210
Stockholders' equity:
Preferred stock, $.001 par value; 10,000,000 shares; 74,275 shares issued and outstanding	42,794	42,794
Common stock, $.001 par value; 150,000,000 shares authorized; 18,002,985 and 8,410,353 shares issued, respectively; and 17,957,985 and 8,365,353 shares outstanding, respectively	18	8
Additional paid-in capital	262,641	102,613
Treasury stock, at cost, 45,000 shares held	(107)	(107)
Accumulated deficit	(60,287)	(36,948)
Total stockholders' equity	245,059	108,360
Total liabilities and stockholders' equity	$ 413,208	$ 127,641

Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Thousands	Dec. 31, 2012	Dec. 31, 2011
Accounts receivable, allowance (in Dollars)	$ 603	$ 356
Property and equipment, accumulated depreciation (in Dollars)	5,323	3,937
Identifiable intangible assets, accumulated amortization (in Dollars)	$ 4,592	$ 3,320
Preferred stock, par value (in Dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized (in Shares)	10,000,000	10,000,000
Preferred stock, shares issued (in Shares)	74,275	74,275
Preferred stock, shares outstanding (in Shares)	74,275	74,275
Common stock, par value (in Dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in Shares)	150,000,000	150,000,000
Common stock, shares issued (in Shares)	18,002,985	8,410,353
Common stock, shares outstanding (in Shares)	17,957,985	8,365,353
Treasury stock, shares (in Shares)	45,000	45,000

Consolidated Statement of Operations - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Revenues
Operating revenue	$ 278,591	$ 177,076	$ 157,987
Expenses
Direct expense	237,765	147,298	130,587
Gross margin	40,826	29,778	27,400
Sales general and administrative expense	68,790	28,054	18,954
Operating (loss) income	(27,964)	1,724	8,446
Other expense	363	56	140
Interest expense	3,207	191	205
(Loss) income before income tax provision	(31,534)	1,477	8,101
Income tax (benefit) provision	(11,195)	718	3,213
Net (loss) income	(20,339)	759	4,888
Preferred stock beneficial conversion charge		(44,211)
Cumulative preferred dividends	(2,993)	(1,125)
Net (loss) income available to common shareholders	$ (23,332)	$ (44,577)	$ 4,888
Basic (loss) income per share
Net (loss) income (in Dollars per share)	$ (1.49)	$ (5.41)	$ 0.61
Diluted (loss) income per share
Net (loss) income (in Dollars per share)	$ (1.49)	$ (5.41)	$ 0.59
Weighted average common shares outstanding
Basic weighted average common shares outstanding (in Shares)	15,694,430	8,246,577	8,060,346
Diluted weighted average common shares outstanding (in Shares)	15,694,000	8,247,000	8,279,000

Consolidated Statement of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Operating activities
Net income	$ (20,339)	$ 759	$ 4,888
Adjustments to reconcile net income to net cash from operating activities
Provisions for allowance for doubtful accounts	916	219	(84)
Depreciation & amortization expense	2,713	1,240	1,290
Stock compensation expense	4,398	1,180	157
Accretion of debt	1,475
Other	2	12	4
Non-cash impairment of incentive payments			75
Changes in assets and liabilities, net of effects of acquisitions:
Accounts receivable	(13,755)	1,627	(6,618)
Deferred tax expense	(8,260)	(327)	900
Income tax receivable	(1,556)	239	(1,348)
Other current assets	1,593	595	(355)
Prepaid expenses	(769)	(170)	(99)
Other long-term assets and advances	(276)	97	338
Accounts payable	(2,585)	(191)	1,987
Accrued expenses	12,661	1,097	1,780
Other liabilities	(518)	234	(658)
Cash provided (used) by operating activities	(24,300)	6,611	2,257
Investing activities
Acquisition of businesses, net of cash acquired	(57,236)
Payment of acquisition earn-out	(450)	(450)	(500)
Payment for purchases of property and equipment	(6,981)	(754)	(811)
Proceeds from sale of assets		13	2
Cash Flows used by investing activities	(64,667)	(1,191)	(1,309)
Financing Activities
Credit line, net activity	(2,068)	(2,749)	(3,781)
Proceeds from issuance of preferred stock, net of issuance costs		71,628
Proceeds from issuance of convertible senior notes, net	138,504
Proceeds from issuance of long-term debt			5,000
Payments of notes payable and capital leases	(2,190)	(1,633)	(2,665)
Excess tax benefit from stock options		451
Proceeds from stock offering, net	136,961
Proceeds from exercise of options, net	248	704	564
Payments of tax withholdings for restricted shares	(1,226)
Dividends paid to preferred stockholders	(3,000)	(375)
Cash flows provided by Financing Activities	267,229	68,026	(882)
Effect of exchange rate changes on cash	24
Net increase in cash	178,286	73,446	66
Cash, beginning of period	74,007	561	495
Cash, end of period of period	252,293	74,007	561
Supplemental disclosure of noncash activities:
Cash paid during the period for interest	22	110	124
Cash paid during the period for income taxes	$ 247	$ 233	$ 3,521

Consolidated Statement of Changes in Stockholders’ Equity - 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, 2009		$ 8	$ (107)	$ 26,512	$ 1,991	$ 28,404
Balance (in Shares) at Dec. 31, 2009		8,054	(45)
Net Income (loss)					4,888	4,888
Issuance of common stock for option exercise				564		564
Issuance of common stock for option exercise (in Shares)		118
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions				157		157
Balance at Dec. 31, 2010		$ 8	$ (107)	27,233	6,879	34,013
Balance (in Shares) at Dec. 31, 2010		8,172	(45)
Net Income (loss)					759	759
Issuance of common stock for option exercise				704		704
Issuance of common stock for option exercise (in Shares)		237
Issuance of ESOP shares (in Shares)		1
Issuance of preferred stock and warrants, net of issuance costs	$ 42,794			28,834		71,628
Issuance of preferred stock and warrants, net of issuance costs (in Shares)	75
Deemed distribution for recognition of beneficial conversion feature on preferred stock				44,211	(44,211)
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions				1,180		1,180
Excess tax benefit from stock options				451		451
Dividend paid					(375)	(375)
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)
Net Income (loss)					(20,339)	(20,339)
Issuance of common stock for option exercise				248		248
Issuance of common stock for option exercise (in Shares)		289
Tax witholdings for share exercises				(1,226)		(1,226)
Preferred stock conversion to common shares (in Shares)	(1)	104
Deemed distribution for recognition of beneficial conversion feature on preferred stock						0
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions				4,398		4,398
Proceeds from common stock offering, net of issuance costs		$ 10		136,952		136,962
Proceeds from common stock offering, net of issuance costs (in Shares)		9,200
Equity component of convertible debt offering, net of issuance costs and deferred taxes				19,656		19,656
Excess tax benefit from stock options						2,700
Dividend paid					(3,000)	(3,000)
Balance at Dec. 31, 2012	$ 42,794	$ 18	$ (107)	$ 262,641	$ (60,287)	$ 245,059
Balance (in Shares) at Dec. 31, 2012	74	18,003	(45)

Note 1 - Organization

12 Months Ended

Dec. 31, 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:

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

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 seven company-owned branches located throughout the United States.

For specific financial information relating to the above business units, refer to Note 13—Operating Segments.

- Definition

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

+ References

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+ Details

Note 2 - Basis of Presentation and Significant Accounting Policies

12 Months Ended

Dec. 31, 2012

Significant Accounting Policies [Text Block]

2. Basis of Presentation and Significant Accounting Policies

Basis of Presentation

The accompanying 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-K. We believe that the disclosures contained herein are adequate to make the information presented not misleading.

These 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 December 31, 2012 and 2011, and results of operations for the years ended December 31, 2012, 2011 and 2010. The preparation of the 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.

Use of Estimates

The Company prepares its 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 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 experience 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.

The Company’s Freight Forwarding Segment collects certain taxes and duties on behalf of their customers as part of the services offered and arranged for international shipments. The Company’s accounting policy is to present these collections on a gross basis with the revenue recognized of $2.4 million, $2.0 million and $1.1 million for the years ended December 31, 2012, 2011 and 2010, respectively.

Cash and cash equivalents

We consider all highly liquid investments with an original 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.

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. For additional information refer to Note 10—Income Taxes.

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.

Identifiable 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 periods ended December 31, 2012, 2011 and 2010, there was no impairment of the identified intangible assets.

The Company’s intangible assets subject to amortization consist of 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 months to 12 years.

The following table sets forth the Company’s identifiable intangible assets as of December 31, 2012 and 2011 (in thousands):

	December 31, 2012			December 31, 2011

Indefinite Lived Intangibles
Trade names	$	6,416		$	6,420
Definite Lived Intangibles:
Trade names		1,246			220
Non-compete agreements		3,050			763
Customer lists and relationships		14,281			1,974
Other intangible assets		2,072			1,996
		20,649			4,953
Less: accumulated amortization		(4,592	)		(3,320	)
Intangible assets, net	$	16,057		$	1,633
Total Identifiable Intangibles	$	22,473		$	8,053

Estimated amortization expense for amortizable intangible assets for the next five years is as follows:

(in thousands)		2013				2014				2015				2016				2017
Estimated amortization expense		$	2,123			$	1,491			$	1,411			$	1,398			$	1,356

Actual amounts of amortization expense may differ from estimated amounts due to changes in foreign currency exchange rates, additional intangible asset acquisitions, impairment of intangible assets, accelerated amortization of intangible assets and other events

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.

Foreign Currency Translation

Exchange gains or losses incurred on transactions conducted by our business units in a currency other than the business units’ functional currency are normally reflected in cost of sales in our Consolidated Statement of Income. Assets and liabilities of Kelron, which has the U.S. dollar as its functional currency (but which maintains its accounting records in Canadian currency), have their values remeasured into U.S. dollars at year-end exchange rates, except for non-monetary items for which historical rates are used. Exchange gains or losses are not material to the condensed consolidated statement of operations for the periods presented.

Foreign Currency Hedging and Derivative Financial Instruments

We enter into derivative contracts, primarily foreign currency forward contracts, to protect against fluctuations in exchange rates. These contracts are for expected future cash flows and not for speculative purposes. The Company reflects changes in fair value of these contracts in the condensed consolidated statement of operation.

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.

The following table sets forth the Company’s financial assets and liabilities that were accounted for at fair value on a recurring basis as of December 31, 2012 and 2011 (in thousands):

	Fair Value Measurements as of December 31, 2012

	Total		Level 1		Level 2		Level 3

Assets:
Money market funds	$	239,443	$	239,443	$	—	$	—

Liabilities:
Contingent consideration obligations	$	392	$	—	$	—	$	392

	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 years ended December 31, 2012 and 2011. These financial instruments include cash, accounts receivable, notes receivable, accounts payable, accrued expense, notes payable 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.

The Company has convertible senior notes for which we are obligated to repay the face value, unless the holder agrees to a lesser amount or elects to convert all or a portion of such notes into the Company’s common stock. The aggregate principal amounts of these convertible notes at issuance were $125.0 million with a fair value of $122.6 million. The convertible notes were allocated to long-term debt and equity in the amounts of $92.8 million and $27.5 million, respectively. These amounts are net of debt issuance costs of $3.6 million for debt and $1.1 million for equity. The underwriters exercised the overallotment option to purchase $18.8 million additional principal amount of the convertible notes. The Company received approximately $18.2 million in net proceeds after underwriting discounts, commissions and expenses were paid. The overallotment option was allocated to long-term debt and equity in the amounts of $14.0 million and $4.2 million, respectively. These amounts are net of debt issuance costs of $0.5 million for debt and $0.1 million for equity. The fair value of the convertible notes, including the overallotment option, was $168.4 million as of December 31, 2012. The convertible notes contain an optional redemption right in favor of the Company, although it is our present intent not to exercise such redemption right. Accordingly, the fair value of the bifurcated coupon make-whole premium that would be payable to holders in the event of a redemption has been valued at $0.0 million. For additional information refer to Note 5—Debt.

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, including those subject to service-based vesting conditions and those subject to service and performance-based vesting conditions, 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 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 years ended December 31, 2012, 2011 and 2010 were estimated on the date of grant using the Black-Scholes option pricing model and is 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. For additional information refer to Note 9—Earnings per Share.

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 totaled $1.2 million and $0.0 million as of December 31, 2012 and 2011, respectively. 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.

Allowance for Doubtful Accounts

The Company records its allowance for doubtful accounts based upon its assessment of various factors. The Company considers historical experience, the age of the accounts receivable balances, credit quality of the Company's customers, current economic conditions, and other factors that may affect customers' ability to pay.

Note 3 - Acquisitions

12 Months Ended

Dec. 31, 2012

Business Combination Disclosure [Text Block]

3. Acquisitions

Turbo Logistics, Inc.

On October 24, 2012, the Company entered into a definitive asset purchase agreement (the “Agreement”) with Turbo Logistics, Inc. and Turbo Dedicated, Inc. (collectively, “Turbo”), Ozburn-Hessey Logistics, LLC, and OHH Acquisition Corporation (collectively, the “Sellers”). Turbo primarily operates a non-asset-based, third party logistics business in Gainesville, Ga.; Reno, Nev.; Chicago, Ill.; and Dallas, Texas. Pursuant to the Agreement, on October 24, 2012 the Company purchased substantially all of the assets of Turbo for total cash consideration of $50.1 million, excluding any working capital adjustments, with no assumption of debt. The working capital adjustments in connection with this acquisition are being finalized, although the Company does not expect there to be a material change in the purchase price as a result.

The Turbo acquisition was accounted for as a purchase business combination in accordance with ASC 805 “Business Combinations.” Assets acquired and liabilities assumed were recorded in the accompanying consolidated balance sheet at their estimated fair values as of October 24, 2012, with the remaining unallocated purchase price recorded as goodwill. The following table outlines the Company’s consideration transferred and the identifiable net assets acquired at their estimated fair value as of October 24, 2012 (in thousands).

Consideration	$	50,075
Less: Net Assets Acquired		4,494
Intangibles Acquired:
Less: Fair value of Trademarks/Trade names		725
Less: Fair value of Non-Compete Agreements		1,800
Less: Fair value of Customer Relationships		10,000
Goodwill	$	33,056

As of December 31, 2012, the purchase price allocation is considered final except for any impact resulting from any final working capital adjustments. All goodwill recorded related to the acquisition relates to the Freight Brokerage segment and is deductible for income tax purposes.

The following unaudited pro forma consolidated results of operations for the twelve-month periods ended December 31, 2012 and 2011 present consolidated information of the Company as if the Turbo acquisition had occurred as of January 1, 2011 (in thousands):

	Pro Forma Twelve Months Ended December 31, 2012			Pro Forma Twelve Months Ended December 31, 2011
Revenue	$	378,333		$	302,664
Operating (Loss) Income	$	(52,312	)	$	5,531
Net Loss	$	(37,164	)	$	(42,593	)
Loss per common share
Basic	$	(2.56	)	$	(5.16	)
Diluted	$	(2.56	)	$	(5.16	)

The unaudited pro forma consolidated results for the twelve-month periods were prepared using the acquisition method of accounting and are based on the historical financial information of Turbo and the Company. The historical financial information has been adjusted to give effect to pro forma adjustments that are: (i) directly attributable to the acquisition, (ii) factually supportable and (iii) expected to have a continuing impact on the combined results. The unaudited pro forma consolidated results are not necessarily indicative of what our consolidated results of operations actually would have been had we completed the acquisition on January 1, 2011.

Kelron Logistics, Inc.

On August 3, 2012, the Company purchased all of the outstanding capital stock of Kelron Corporate Services Inc. and certain related entities (collectively, “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. The purchase price was $8.0 million, including $2.6 million of consideration for the outstanding stock and $5.4 million of assumed debt and liabilities. The working capital adjustments in connection with this acquisition are being finalized, although the Company does not expect there to be a material change in the purchase price as a result.

The Kelron acquisition was accounted for as a purchase business combination in accordance with ASC 805 “Business Combinations.” Assets acquired and liabilities assumed were recorded in the accompanying consolidated balance sheet at their estimated fair values as of August 3, 2012, with the remaining unallocated purchase price recorded as goodwill. The following table outlines the Company’s consideration transferred and the identifiable net assets acquired at their estimated fair value as of August 3, 2012 (in thousands).


Consideration	$	2,646
Plus: Net Liabilities Acquired		3,100
Intangibles acquired:
Less: Fair value of Trademarks/Trade names		251
Less: Fair value of Technology		75
Less: Fair value of Non Compete Agreement		377
Less: Fair value of Customer Relationships		1,207
Less: Net deferred tax asset on fair value adjustments		221
Goodwill	$	3,615

As of December 31, 2012, the purchase price allocation is considered final except for any impact resulting from any final working capital adjustments. During the fourth quarter of 2012, the Company recorded a measurement period adjustment to the fair value of Kelron’s accounts receivable at the acquisition date of $0.3 million as a result of the finalization of our evaluation of the fair value of accounts receivable. All goodwill recorded related to the acquisition relates to the Freight Brokerage segment and is not deductible for Canadian income tax purposes.

In conjunction with the acquisition, the Company issued notes payable to the sellers totaling $1.0 million. The notes do not bear any interest. The notes were treated as consideration transferred as part of the acquisition and are payable in equal quarterly installments on November 3, February 3, May 3 and August 3 of each year with the final installment to be due and payable on August 3, 2015. We used an imputed interest rate of 4.53% to determine the appropriate discount to apply to the notes. The carrying value of the notes payable at December 31, 2012 was $0.9 million.

In conjunction with the acquisition of Kelron on August 3, 2012, the Company assumed Kelron’s credit agreements with Royal Bank of Canada (“RBC”) dated April 21, 2011 and amended May 8, 2012 (the “Agreements”), which provide for a $5.0 million revolving demand facility (the “Revolving Demand Facility”) subject to certain borrowing limits. Borrowings under the Revolving Demand Facility can be made either as Royal Bank Prime based loans in Canadian currency at the interest rate equal to the Royal Bank Prime (as defined in the Agreements) rate plus 2.00 percent or as Royal Bank US Base Rate loans in U.S. currency at the interest rate equal to the Royal Bank US Base Rate (as defined in the Agreements) plus 2.00 percent. Borrowings under the Revolving Demand Facility are payable upon demand by RBC. The Revolving Demand Facility is guaranteed by a first ranking security interest in all personal property of Kelron. The Agreements contain customary representations, warranties and general covenants, with which the Company was in compliance at December 31, 2012.

The following unaudited pro forma consolidated results of operations for the twelve-month periods ended December 31, 2012 and 2011 present consolidated information of the Company as if the Kelron acquisition had occurred as of January 1, 2011 (in thousands):

	Pro Forma Twelve Months Ended December 31, 2012			Pro Forma Twelve Months Ended December 31, 2011

Revenue	$	337,652		$	278,152
Operating Income (Loss)	$	(28,942	)	$	428
Net Loss	$	(24,224	)	$	(45,667	)
Loss per common share
Basic	$	(1.54	)	$	(5.54	)
Diluted	$	(1.54	)	$	(5.54	)

The unaudited pro forma consolidated results for the twelve-month periods were prepared using the acquisition method of accounting and are based on the historical financial information of Kelron and the Company. The historical financial information has been adjusted to give effect to the pro forma adjustments that are: (i) directly attributable to the acquisition, (ii) factually supportable and (iii) expected to have a continuing impact on the combined results. The unaudited pro forma consolidated results are not necessarily indicative of what our consolidated results of operations actually would have been had we completed the acquisition on January 1, 2011.

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. 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 in 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.

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 adjusted gross profit 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. The fair value of the contingent consideration at December 31, 2012 is $0.3 million.

- 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).

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-Name Statement of Financial Accounting Standard (FAS)
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+ Details

Note 4 - Commitments and Contingencies

12 Months Ended

Dec. 31, 2012

Commitments and Contingencies Disclosure [Text Block]

4. Commitments and Contingencies

Lease Commitments

As of December 31, 2012, the company had approximately $16.9 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 $3.3 million, $2.7 million, $2.5 million, $2.4 million, and $5.9 million for the periods ending December 31, 2013, 2014, 2015, 2016, and 2017 and thereafter, respectively.

Rent expense was approximately $1.9 million, $0.5 million and $0.5 million for the years ended December 31, 2012, 2011 and 2010, respectively.

Litigation

The Company recently became involved in litigation in the Fourth Judicial District Court, County of Hennepin, State of Minnesota, relating to our hiring of former employees of C.H. Robinson Worldwide, Inc. (“C.H. Robinson”). In the litigation, C.H. Robinson alleges the following against the Company: (1) tortious interference with contractual employment-related relationships; (2) misappropriation of trade secrets; and (3) inducing, aiding and abetting breaches of contract. C.H. Robinson is seeking temporary, preliminary and permanent injunctions, direct and consequential damages, and attorney’s fees. On August 23, 2012, the Court denied C.H. Robinson’s motion for a temporary injunction to prevent us from communicating with C.H. Robinson employees, among other things, but granted C.H. Robinson’s motion for expedited discovery in connection with the litigation and enjoined two individual defendant employees of the Company. The legal discovery process is underway on this matter and the preliminary injunction hearing is scheduled for November 20, 2012. We believe that we have strong legal defenses to the asserted claims and we are evaluating the counterclaims available to us. However, we cannot assure you that an adverse outcome would not significantly impact our ability to execute certain of our growth initiatives.

The Company is a party to a variety of other legal actions, both as a plaintiff and as a defendant that arose in the ordinary course of business, and may in the future become involved in other legal actions. The Company does not currently expect any of these matters or 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.

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+ Details

Note 5 - Debt

12 Months Ended

Dec. 31, 2012

Debt Disclosure [Text Block]

5. Debt

Long-Term Debt and Capital Leases

The Company uses financing for acquisitions and business start-ups, among other things. The Company also 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. 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.

On September 26, 2012 XPO Logistics completed the registered underwritten public offering of 4.50% convertible senior notes due October 1, 2017, in an aggregate principal amount of $125.0 million. The convertible notes were allocated to long-term debt and equity in the amounts of $92.8 million and $27.5 million, respectively. These amounts are net of debt issuance costs of $3.6 million for debt and $1.1 million for equity. On October 17, 2012, as part of the underwritten registered public offering on September 26, 2012 of the 4.50% convertible notes due October 1, 2017, the underwriters exercised the overallotment option to purchase $18.8 million additional principal amount of the convertible notes. The Company received approximately $18.2 million in net proceeds after underwriting discounts, commissions and expenses were paid. The overallotment option was allocated to long-term debt and equity in the amounts of $14.0 million and $4.2 million, respectively. These amounts are net of debt issuance costs of $0.5 million for debt and $0.1 million for equity. Interest is payable on the notes on April 1 and October 1 of each year, beginning on April 1, 2013.

Under certain circumstances at the election of the holder, the convertible notes may be converted until the close of business on the business day immediately preceding April 1, 2017, into cash, shares of the Company’s common stock, or a combination of cash and shares of common stock, at the Company’s election, at the initial conversion rate of approximately 60.85 shares of common stock per $1,000 in principal amount, which is equivalent to an initial conversion price of approximately $16.43 per share. In addition, following certain corporate events that occur prior to the maturity date, the Company will increase the conversion rate for a holder who elects to convert its convertible notes in connection with such corporate event in certain circumstances. On or after April 1, 2017, until the close of business on the business day immediately preceding the maturity date, holders may convert their convertible notes at any time. The convertible notes may be redeemed by the Company on or after October 1, 2015 if the last reported sale price of the Company’s common stock has been at least 130% of the conversion price then in effect for at least 20 trading days (whether or not consecutive), including the trading day immediately preceding the date on which the Company provides notice of redemption, during any 30 consecutive trading day period ending on, and including, the trading day immediately preceding the date on which the Company provides notice of redemption. The Company may redeem the convertible notes in whole but not in part, at a redemption price in cash equal to 100% of the principal amount to be redeemed, plus accrued and unpaid interest, but excluding, the redemption date, plus a make-whole premium payment. The “make whole premium” payment or delivery will be made, as the case may be, in cash, shares of the Company’s common stock or a combination of cash and shares of the Company’s common stock, at the Company’s election, equal to the present values of the remaining scheduled payments of interest on the convertible notes to be redeemed through October 1, 2017 (excluding interest accrued to, but excluding, the redemption date), computed using a discount rate equal to 4.5%. The make-whole premium is paid to holders whether or not they convert the convertible notes following the Company’s issuance of a redemption notice.

For accounting purposes, the redemption feature in the convertible notes is an embedded derivative that is not clearly and closely related to the convertible notes. Consequently, it was initially bifurcated from the indenture and separately recorded at its fair value as a liability with subsequent changes in fair value to be recorded through earnings. As of December 31, 2012, the fair value of the embedded redemption feature was $0.0 million as management has determined it is not our intent to exercise the conversion feature.

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

	Interest rates			Term (months)		As of December 31, 2012		As of December 31, 2011

Capital leases for equipment		11.98	%		55	$	154	$	45
Notes payable		N/A			N/A		863		2,084
Line of credit		5.0	%		N/A		150		—
Convertible senior notes		4.50	%		60		108,280		—
Total debt and capital leases							109,447		2,129
Less: current maturities of notes payable and capital leases							491		1,675
Non-current maturities of debt and capital leases						$	108,956	$	454

- 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

12 Months Ended

Dec. 31, 2012

Goodwill Disclosure [Text Block]

6. Goodwill

The following table is a roll-forward of goodwill from December 31, 2011 to December 31, 2012. The current period additions are the result of the goodwill recognized as excess purchase price in the acquisitions of Turbo, Kelron and Continental (in thousands):

	Freight Brokerage		Expedited Transportation		Freight Forwarding		Corporate		Total

Goodwill at December 31, 2011		—	$	7,737	$	9,222		—	$	16,959
Acquisitions and other adjustments	$	38,988		—		—		—		38,988
Goodwill at December 31, 2012	$	38,988	$	7,737	$	9,222	$	—	$	55,947

Note 7 - Stockholder's Equity

12 Months Ended

Dec. 31, 2012

Stockholders' Equity Note Disclosure [Text Block]

7. Stockholder’s Equity

On each of October 8, July 9, April 5, and January 9, 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”). Each declared dividend equaled $10 per share of Preferred Stock as specified in the Certificate of Designation of the Preferred Stock. The quarterly declared dividends were each $0.8 million and were paid on October 15, July 16, April 16 and January 17, 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.

+ References

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-Glossary Preferred Stock
-URI http://asc.fasb.org/extlink&oid=6521494

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-Name Accounting Research Bulletin (ARB)
-Number 43
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-Paragraph 7, 11A
-Chapter 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.

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-Article 4

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-Paragraph 29, 30, 31
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Reference 23: http://www.xbrl.org/2003/role/presentationRef
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-Name Regulation S-X (SX)
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-Article 3

+ Details

Note 8 - Stock-Based Compensation

12 Months Ended

Dec. 31, 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, 2012 and 2011:

	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	-	$18.07		9.00		695,000	$	10.33
Granted		296,000		15.10		11.46	-	18.07				420,691		12.78
Expired		—		—			—					—
Exercised		185,139		5.15		2.96	-	10.56				231,875		11.04
Forfeited		109,487		12.63		3.48	-	16.92				—
Outstanding at December 31, 2012		1,383,332	$	10.06	$	2.28	-	$18.07		8.29		883,816	$	11.31

The stock-based compensation expense for outstanding restricted stock units (“RSUs”) was $3.3 million, $0.5 million and $0.0 million for the years ended December 31, 2012, 2011 and 2010, respectively. Of the 883,816 outstanding RSUs, 573,816 vest subject to service conditions and 310,000 vest subject to service and performance-based conditions. Based on the Company’s financial performance in 2012, all performance-based conditions relating to outstanding RSUs vesting have been satisfied.

As of December 31, 2012, the Company had approximately $9.1 million of unrecognized compensation cost related to non-vested RSU compensation that is anticipated to be recognized over a weighted-average period of approximately 3.01 years. Remaining estimated compensation expense related to outstanding restricted stock-based grants is $2.7 million, $2.5 million, $2.4 million, and $1.5 million for the years ending December 31, 2013, 2014, 2015, and 2016, respectively.

As of December 31, 2012, the Company had 515,495 options vested and exercisable and $4.4 million of unrecognized compensation cost related to stock options. The remaining estimated compensation expense related to the existing stock options is $1.4 million, $1.1 million, $1.1 million, $0.7 million and $0.1 million for the years ended December 31, 2013, 2014, 2015, 2016 and 2017, 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

Reference 1: http://www.xbrl.org/2003/role/presentationRef
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-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 123R
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Reference 8: http://www.xbrl.org/2003/role/presentationRef
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+ Details

Note 9 - Earnings per Share

12 Months Ended

Dec. 31, 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, convertible notes and Preferred Stock outstanding during the period, if dilutive. The weighted average of potentially dilutive securities excluded from the computation of diluted earnings per share for the three years ended December 31, 2012 is shown per the table below.

	Twelve Months Ended
	December 31, 2012		December 31, 2011		December 31, 2010
Basic common stock outstanding		15,694,430		8,246,577		8,060,346

Potentially Dilutive Securities:
Shares underlying the conversion of preferred stock to common stock		10,695,326		3,522,505		-
Shares underlying the conversion of the convertible senior notes		2,238,758		-		-
Shares underlying warrants to purchase common stock		5,717,284		3,618,061		-
Shares underlying stock options to purchase common stock		473,421		298,017		218,649
Shares underlying restricted stock units		249,139		6,456		-
		19,373,928		7,445,039		218,649

Diluted weighted shares outstanding		35,068,359		15,691,616		8,278,995

The impact of this dilution was not reflected in the earnings per share calculations in the 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 $15.01 per share and $10.57 per share for the years ended December 31, 2012 and 2011, respectively. The Warrants were not issued or outstanding as of December 31, 2010.

Note 10 - Income Taxes

12 Months Ended

Dec. 31, 2012

Income Tax Disclosure [Text Block]

10. Income Taxes

A summary of U.S. and non U.S. operations are as follows:

	Year Ended December 31,
	2012			2011		2010
Operations
U.S. domestic	$	(29,378	)	$	1,477	$	8,101
Foreign		(2,156	)		-		-
Total pre-tax (loss) income		(31,534	)	$	1,477	$	8,101

The components of the income tax provision consist of the following:

	Year Ended December 31,
	2012			2011			2010

Current
Federal	$	(2,254	)	$	738		$	1,968
State		59			269			330
Foreign		(751	)		-			-
		(2,949	)		1,007			2,298
Deferred
Federal		(7,494	)		(249	)		798
State		(893	)		(40	)		117
Foreign		141			-			-
		(8,246	)		(289	)		915

Total income tax provision		(11,195	)		718			3,213

The provision for income taxes is different from that which would be obtained by applying the statutory federal income tax rate to income before income taxes. The items causing this difference are as follows:

	Year Ended December 31,
	2012			2011			2010
Income tax (benefit)/provision at statutory rate		-34.0	%		34.0	%		34.0	%
Increase (decrease) in income tax due to:
State and local taxes, net		-3.6	%		9	%		4	%
Transaction expense		0.7	%		-			-
Valuation allowance		1.6	%
Uncertain tax position provision		-1.1	%		4	%		2	%
All other non-deductible items		0.4	%		1	%		-
Foreign tax rate differences		0.5	%		-			-
Total (benefit)/provision for income tax		-35.5	%		49	%		40	%

The Company's 2012 consolidated effective tax rate was (35.5%), as compared to 48.6% in 2011 and 39.7% in 2010. The 2012 effective income tax rate varied from the statutory rate of 34% due primarily to state income taxes.

The tax effects of temporary differences that give rise to significant portions of the current deferred tax asset and non-current deferred tax liability at December 31, 2012 and 2011 are as follows:

	Year Ended December 31,
	2012			2011
Deferred tax assets
Net operating loss carryforward	$	8,145		$	87
Accrued expenses		1,602			916
Equity based compensation		1,297			594
Allowance for doubtful accounts		161			141
AMT credit		133			-
Accrued insurance claims		62			60
Accounts receivable		16			-
Total deferred tax asset		11,415			1,798
Valuation allowance		(759	)		-
Total deferred tax asset, net		10,656			1,798

Deferred tax liabilities
Convertible debt discount		(11,354	)		-
Intangible assets		(3,634	)		(2,569	)
Property, plant & equipment		(628	)		(478	)
Prepaid expenses		(415	)		(142	)
		(16,031	)		(3,189	)

Net deferred tax liability		(5,375	)		(1,391	)

At December 31, 2012, the Company had federal and state net operating losses (“NOLs”) of $21.7 million and $29.4 million, respectively. If not utilized, the federal NOLs will expire in 2033, and the state NOLs will expire at various times between 2012 and 2031. Included in the federal and state NOLs carryforward is $2.7 million for the windfall tax benefits for stock compensation that has not been recognized as a deferred tax asset and will be recorded as an adjustment to additional paid-in-capital when recognized. Although currently not anticipated, the Company’s ability to use its federal and state net operating loss carryforwards may become subject to restrictions attributable to equity transactions in the future resulting from changes in ownership as defined under Internal Revenue Code Section 382. At December 31, 2012, the Company had foreign NOLs of $0.9 million available to offset future income. These foreign loss carryforwards of $3.2 million will expire at various times between 2013 and 2032. During 2012, the Company recognized tax benefits related to NOLs of $8.1 million. Included in this amount was $2.3 million of tax benefits recorded as a current receivable to be carried back against prior year tax returns.

During the year ended December 31, 2012, the Company reassessed its U.S. and foreign valuation allowance requirements The Company evaluated all available evidence in its analysis, including reversal of the deferred tax liabilities, carrybacks available and historical and projected pre-tax profits generated by the Company’s U.S. operations. The Company also considered tax planning strategies that are prudent and can be reasonably implemented. The Company’s valuation allowance as of December 31, 2012 was $0.3 million for domestic deferred tax assets and $0.5 million for foreign jurisdictions where it is not more likely than not that the deferred tax assets will be utilized. At December 31, 2011, the Company had no valuation allowance on its deferred tax assets.

A reconciliation of the beginning and ending amount of unrecognized tax benefits, excluding interest and penalties, is as follows (in thousands):

	Year Ended December 31,
	2012			2011

Uncertain tax positions, beginning of the year	$	200		$	135
Additions based on tax positions related to the current year		-			65
Additions for tax positions of prior years		612			-
Reductions due to the statute of limitations		(212	)		-

Uncertain tax positions, end of the year		600			200

The Company recognizes interest and penalties accrued related to uncertain tax positions in the provision for income taxes. During the years ended December 31, 2012 and 2011, the Company recognized $0.2 million and $0.0, respectively, for interest and penalties. During the next twelve months, $0.2 million of unrecognized tax benefits net of accrued interest will be reduced as a result of a lapse of the applicable statute of limitation. For the years ended December 31, 2012 and 2011, the unrecognized tax benefits, if resolved favorably, would impact our effective tax rates.

We file income tax returns in the U.S. federal jurisdiction and variuos states. As a matter of course, various taxing authorities, including the IRS, regularly audit us. These audits may result in proposed assessments where the ultimate resolution may result in our owing additional taxes. Currently, our 2012 tax year is under examination by the IRS. The remaining tax years from 2009 to 2011 are currently not under examination by U.S. state jurisdictions. We believe that our tax positions comply with applicable tax law and that we have adequately provided for these matters.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

+ Details

Note 11 - Related Party Transactions

12 Months Ended

Dec. 31, 2012

11. Related Party Transactions

There were no related party transactions that occurred during the year ended December 31, 2012.

Pursuant to the terms of the Investment Agreement, on September 2, 2011, the Company paid JPE $1.0 million as reimbursement for certain expenses incurred by JPE in connection with the transactions contemplated by the Investment Agreement, which reduced the net proceeds received for the Series A Preferred Stock and the Warrants. With the approval of the audit committee of the Company’s board of directors, the Company also agreed to pay an incremental $0.3 million of expenses incurred by JPE in connection with the transactions contemplated by the Investment Agreement. In addition, with the approval of the Company’s board of directors, the Company agreed to pay JPE $0.3 million as reimbursement for certain executive search firm and other expenses incurred by JPE on behalf of the Company.

- 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

Reference 1: http://www.xbrl.org/2003/role/presentationRef
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-Number 210
-Section 04
-Paragraph b
-Article 3A

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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 12 - Quarterly Financial Data (Unaudited)

12 Months Ended

Dec. 31, 2012

Quarterly Financial Information [Text Block]

12. Quarterly Financial Data (Unaudited)

XPO Logistics, Inc.

Quarterly Financial Data

(In thousands)

	March 31, 2012			June 30, 2012			September 30, 2012			December 31, 2012
Operating revenue	$	44,560		$	54,540		$	70,988		$	108,503
Direct expense		37,787			46,074			61,064			92,840
Gross margin		6,773			8,466			9,924			15,663
Sales, general and administrative expense		10,997			11,834			19,204			26,755
Other (income) expense		(21	)		26			314			44
Interest expense		12			3			15			3,177
Loss before income tax		(4,215	)		(3,397	)		(9,609	)		(14,313	)
Income tax (benefit) provision		(1,521	)		1,780			(6,460	)		(4,994	)
Net loss		(2,694	)		(5,177	)		(3,149	)		(9,319	)
Cumulative preferred dividends		(750	)		(750	)		(750	)		(743	)
Net loss available to common shareholders	$	(3,444	)	$	(5,927	)	$	(3,899	)	$	(10,062	)
Basic loss per share
Net loss	$	(0.36	)	$	(0.34	)	$	(0.22	)	$	(0.57	)
Diluted loss per share
Net loss	$	(0.36	)	$	(0.34	)	$	(0.22	)	$	(0.57	)

	March 31, 2011		June 30, 2011		September 30, 2011			December 31, 2011
Operating revenue	$	41,508	$	44,094	$	47,389		$	44,085
Direct expense		34,301		36,914		39,169			36,914
Gross margin		7,207		7,180		8,220			7,171
Sales, general and administrative expense		5,207		5,537		7,750			9,560
Other expense (income)		29		33		-			(6	)
Interest expense		49		47		49			46
Income (loss) before income tax		1,922		1,563		421			(2,429	)
Income tax provision (benefit)		805		649		231			(967	)
Net income (loss)		1,117		914		190			(1,462	)
Preferred stock beneficial conversion charge and dividends		-		-		(44,586	)		(750	)
Net income (loss) available to common shareholders	$	1,117	$	914	$	(44,396	)	$	(2,212	)
Basic income (loss) per share
Net income (loss)	$	0.14	$	0.11	$	(5.38	)	$	(0.27	)
Diluted income (loss) per share
Net income (loss)	$	0.13	$	0.11	$	(5.38	)	$	(0.27	)

	March 31, 2010		June 30, 2010		September 30, 2010		December 31, 2010
Operating revenue	$	31,642	$	40,340	$	44,448	$	41,557
Direct expense		26,043		33,101		36,309		35,134
Gross margin		5,599		7,239		8,139		6,423
Sales, general and administrative expense		4,075		4,598		5,219		5,062
Other expense		20		34		48		38
Interest expense		20		88		32		65
Income before income tax		1,484		2,519		2,840		1,258
Income tax provision		650		1,015		1,110		438
Net income	$	834	$	1,504	$	1,730	$	820
Basic income per share
Net income	$	0.10	$	0.19	$	0.21	$	0.10
Diluted income per share
Net income	$	0.10	$	0.18	$	0.21	$	0.10

- Definition

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

+ References + Details

Note 13 - Operating Segments

12 Months Ended

Dec. 31, 2012

Segment Reporting Disclosure [Text Block]

13. 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 years ended December 31, 2012, 2011 and 2010, respectively (in thousands):

XPO Logistics, Inc.

Segment Data

(In thousands)

	Freight Brokerage			Expedited Transportation		Freight Forwarding		Corporate			Eliminations			Total
Year Ended December 31, 2012
Revenue	$	125,120		$	94,008	$	67,692	$	-		$	(8,229	)	$	278,591
Operating (loss) income from operations		(5,554	)		6,825		1,108		(30,343	)		-			(27,964	)
Depreciation and amortization		1,223			524		575		391			-			2,713
Interest expense		4			5		1		3,197			-			3,207
Tax benefit		(610	)		-		-		(10,548	)		-			(11,195	)
Goodwill		38,988			7,737		9,222		-			-			55,947
Total assets		109,601			35,480		23,324		381,876			(127,136	)		413,208
Year Ended December 31, 2011
Revenue	$	29,186		$	87,558	$	65,148	$	-		$	(4,816	)	$	177,076
Operating income (loss) from operations		1,305			8,199		1,545		(9,325	)		-			1,724
Depreciation and amortization		44			596		576		24			-			1,240
Interest expense		33			4		150		4			-			191
Tax provision		42			356		-		320			-			718
Goodwill		-			7,737		9,222		-			-			16,959
Total assets		4,854			22,448		23,394		97,667			(20,722	)		127,641
Year Ended December 31, 2010
Revenue	$	19,994		$	76,644	$	65,222	$	-		$	(3,873	)	$	157,987
Operating income (loss) from operations		865			7,606		1,882		(1,907	)		-			8,446
Depreciation and amortization		31			686		629		19			-			1,365
Interest expense		31			-		171		3			-			205
Tax provision		262			2,382		529		40			-			3,213
Goodwill		-			7,737		9,222		-			-			16,959
Total assets		4,836			24,509		25,106		25,867			(23,646	)		56,672

The Company’s operations are located in the United States and Canada. For the year ended December 31,2012, the Company’s Canadian-based operations produced revenues of $30.7 million and the Company held total assets used in these operations of $15.0 million. None of the Company’s operations were based outside the United States during the years ended December 31, 2011 and 2010.

- 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

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 34
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
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-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599

Reference 4: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
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Reference 5: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
-Topic 280
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Reference 6: http://www.xbrl.org/2003/role/presentationRef
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Reference 7: http://www.xbrl.org/2003/role/presentationRef
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Reference 8: http://www.xbrl.org/2003/role/presentationRef
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Reference 10: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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-Name Accounting Standards Codification
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Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 15: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 131
-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 14 - Subsequent Events

12 Months Ended

Dec. 31, 2012

Subsequent Events [Text Block]

14. Subsequent Events

On December 20, 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 $0.7 million and was paid on January 15, 2013.

On February 8, 2013, the Company and its wholly-owned subsidiary, XPO Air Charter, LLC, entered into a definitive asset purchase agreement (the “Agreement”) with East Coast Air Charter, Inc. and 9-1-1 Air Charter LLC (together, the “Seller”), William McBane and Lisa McBane (together, the “McBanes”), McBane Business Irrevocable Trust FBO David McBane and McBane Business Irrevocable Trust FBO Matthew McBane (collectively with the Seller and the McBanes, the “Seller Parties”) to purchase the operating assets of East Coast Air Charter, Inc. (“ECAC”). ECAC is a non-asset, third party logistics business specializing in expedited air charter brokerage in Statesville, NC. Pursuant to the Agreement, the Company purchased substantially all of the operating assets of ECAC for total cash consideration of $9.3 million with no assumption of debt and excluding any working capital adjustments.

On February 26, 2013, the Company acquired substantially all of the assets of Covered Logistics & Transportation LLC (“Covered Logistics”) for $8.0 million in cash consideration and 173,712 shares of the Company’s common stock, excluding any working capital adjustments, with no assumption of debt. Covered Logistics is a non-asset based transportation logistics service provider with offices in Lake Forest, IL and Dallas, TX.

Accounting Policies, by Policy (Policies)

12 Months Ended

Dec. 31, 2012

Basis of Accounting, Policy [Policy Text Block]

Basis of Presentation

Use of Estimates, Policy [Policy Text Block]

Use of Estimates

Revenue Recognition, Policy [Policy Text Block]

Revenue Recognition

•

Persuasive evidence of an arrangement exists;

•

Services have been rendered;

•

The sales price is fixed and determinable; and

•

Collectability is reasonably assured.

•

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

•

Cash and Cash Equivalents, Policy [Policy Text Block]

Cash and cash equivalents

Income Tax, Policy [Policy Text Block]

Income Taxes

Goodwill and Intangible Assets, Goodwill, Policy [Policy Text Block]

Goodwill and Intangible Assets with Indefinite Lives

Intangible Assets, Finite-Lived, Policy [Policy Text Block]

Identifiable Intangible Assets

The following table sets forth the Company’s identifiable intangible assets as of December 31, 2012 and 2011 (in thousands):

	December 31, 2012			December 31, 2011

Indefinite Lived Intangibles
Trade names	$	6,416		$	6,420
Definite Lived Intangibles:
Trade names		1,246			220
Non-compete agreements		3,050			763
Customer lists and relationships		14,281			1,974
Other intangible assets		2,072			1,996
		20,649			4,953
Less: accumulated amortization		(4,592	)		(3,320	)
Intangible assets, net	$	16,057		$	1,633
Total Identifiable Intangibles	$	22,473		$	8,053

Estimated amortization expense for amortizable intangible assets for the next five years is as follows:

(in thousands)		2013				2014				2015				2016				2017
Estimated amortization expense		$	2,123			$	1,491			$	1,411			$	1,398			$	1,356

Other Long-Term Assets [Policy Text Block]

Other Long-Term Assets

Foreign Currency Transactions and Translations Policy [Policy Text Block]

Foreign Currency Translation

Foreign Currency Hedging and Derivative Financial Instruments [Policy Text Block]

Foreign Currency Hedging and Derivative Financial Instruments

Fair Value Measurement, Policy [Policy Text Block]

Fair Value Measurements

•

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

•

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

The following table sets forth the Company’s financial assets and liabilities that were accounted for at fair value on a recurring basis as of December 31, 2012 and 2011 (in thousands):

	Fair Value Measurements as of December 31, 2012

	Total		Level 1		Level 2		Level 3

Assets:
Money market funds	$	239,443	$	239,443	$	—	$	—

Liabilities:
Contingent consideration obligations	$	392	$	—	$	—	$	392

	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

Fair Value of Financial Instruments, Policy [Policy Text Block]

Estimated Fair Value of Financial Instruments

Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block]

Stock-Based Compensation

Earnings Per Share, Policy [Policy Text Block]

Earnings per Share

Internal Use Software, Policy [Policy Text Block]

Internal Use Software

Premiums Receivable, Allowance for Doubtful Accounts, Estimation Methodology, Policy [Policy Text Block]

Allowance for Doubtful Accounts

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

12 Months Ended

Dec. 31, 2012

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

	December 31, 2012			December 31, 2011

Indefinite Lived Intangibles
Trade names	$	6,416		$	6,420
Definite Lived Intangibles:
Trade names		1,246			220
Non-compete agreements		3,050			763
Customer lists and relationships		14,281			1,974
Other intangible assets		2,072			1,996
		20,649			4,953
Less: accumulated amortization		(4,592	)		(3,320	)
Intangible assets, net	$	16,057		$	1,633
Total Identifiable Intangibles	$	22,473		$	8,053

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]

(in thousands)		2013				2014				2015				2016				2017
Estimated amortization expense		$	2,123			$	1,491			$	1,411			$	1,398			$	1,356

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

	Fair Value Measurements as of December 31, 2012

	Total		Level 1		Level 2		Level 3

Assets:
Money market funds	$	239,443	$	239,443	$	—	$	—

Liabilities:
Contingent consideration obligations	$	392	$	—	$	—	$	392

	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 3 - Acquisitions (Tables)

12 Months Ended

Dec. 31, 2012

Turbo Logistics, Inc. [Member]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

Consideration	$	50,075
Less: Net Assets Acquired		4,494
Intangibles Acquired:
Less: Fair value of Trademarks/Trade names		725
Less: Fair value of Non-Compete Agreements		1,800
Less: Fair value of Customer Relationships		10,000
Goodwill	$	33,056

Business Acquisition, Pro Forma Information [Table Text Block]

	Pro Forma Twelve Months Ended December 31, 2012			Pro Forma Twelve Months Ended December 31, 2011
Revenue	$	378,333		$	302,664
Operating (Loss) Income	$	(52,312	)	$	5,531
Net Loss	$	(37,164	)	$	(42,593	)
Loss per common share
Basic	$	(2.56	)	$	(5.16	)
Diluted	$	(2.56	)	$	(5.16	)

Kelron Logistics, Inc. [Member]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]


Consideration	$	2,646
Plus: Net Liabilities Acquired		3,100
Intangibles acquired:
Less: Fair value of Trademarks/Trade names		251
Less: Fair value of Technology		75
Less: Fair value of Non Compete Agreement		377
Less: Fair value of Customer Relationships		1,207
Less: Net deferred tax asset on fair value adjustments		221
Goodwill	$	3,615

Business Acquisition, Pro Forma Information [Table Text Block]

	Pro Forma Twelve Months Ended December 31, 2012			Pro Forma Twelve Months Ended December 31, 2011

Revenue	$	337,652		$	278,152
Operating Income (Loss)	$	(28,942	)	$	428
Net Loss	$	(24,224	)	$	(45,667	)
Loss per common share
Basic	$	(1.54	)	$	(5.54	)
Diluted	$	(1.54	)	$	(5.54	)

- Definition

Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate.

+ References + Details

Note 5 - Debt (Tables)

12 Months Ended

Dec. 31, 2012

Schedule of Debt [Table Text Block]

	Interest rates			Term (months)		As of December 31, 2012		As of December 31, 2011

Capital leases for equipment		11.98	%		55	$	154	$	45
Notes payable		N/A			N/A		863		2,084
Line of credit		5.0	%		N/A		150		—
Convertible senior notes		4.50	%		60		108,280		—
Total debt and capital leases							109,447		2,129
Less: current maturities of notes payable and capital leases							491		1,675
Non-current maturities of debt and capital leases						$	108,956	$	454

Note 6 - Goodwill (Tables)

12 Months Ended

Dec. 31, 2012

Schedule of Goodwill [Table Text Block]

	Freight Brokerage		Expedited Transportation		Freight Forwarding		Corporate		Total

Goodwill at December 31, 2011		—	$	7,737	$	9,222		—	$	16,959
Acquisitions and other adjustments	$	38,988		—		—		—		38,988
Goodwill at December 31, 2012	$	38,988	$	7,737	$	9,222	$	—	$	55,947

- Definition

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

+ References + Details

Note 8 - Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 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	-	$18.07		9.00		695,000	$	10.33
Granted		296,000		15.10		11.46	-	18.07				420,691		12.78
Expired		—		—			—					—
Exercised		185,139		5.15		2.96	-	10.56				231,875		11.04
Forfeited		109,487		12.63		3.48	-	16.92				—
Outstanding at December 31, 2012		1,383,332	$	10.06	$	2.28	-	$18.07		8.29		883,816	$	11.31

Note 9 - Earnings per Share (Tables)

12 Months Ended

Dec. 31, 2012

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

	Twelve Months Ended
	December 31, 2012		December 31, 2011		December 31, 2010
Basic common stock outstanding		15,694,430		8,246,577		8,060,346

Potentially Dilutive Securities:
Shares underlying the conversion of preferred stock to common stock		10,695,326		3,522,505		-
Shares underlying the conversion of the convertible senior notes		2,238,758		-		-
Shares underlying warrants to purchase common stock		5,717,284		3,618,061		-
Shares underlying stock options to purchase common stock		473,421		298,017		218,649
Shares underlying restricted stock units		249,139		6,456		-
		19,373,928		7,445,039		218,649

Diluted weighted shares outstanding		35,068,359		15,691,616		8,278,995

Note 10 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2012

Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]

	Year Ended December 31,
	2012			2011		2010
Operations
U.S. domestic	$	(29,378	)	$	1,477	$	8,101
Foreign		(2,156	)		-		-
Total pre-tax (loss) income		(31,534	)	$	1,477	$	8,101

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

	Year Ended December 31,
	2012			2011			2010

Current
Federal	$	(2,254	)	$	738		$	1,968
State		59			269			330
Foreign		(751	)		-			-
		(2,949	)		1,007			2,298
Deferred
Federal		(7,494	)		(249	)		798
State		(893	)		(40	)		117
Foreign		141			-			-
		(8,246	)		(289	)		915

Total income tax provision		(11,195	)		718			3,213

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

	Year Ended December 31,
	2012			2011			2010
Income tax (benefit)/provision at statutory rate		-34.0	%		34.0	%		34.0	%
Increase (decrease) in income tax due to:
State and local taxes, net		-3.6	%		9	%		4	%
Transaction expense		0.7	%		-			-
Valuation allowance		1.6	%
Uncertain tax position provision		-1.1	%		4	%		2	%
All other non-deductible items		0.4	%		1	%		-
Foreign tax rate differences		0.5	%		-			-
Total (benefit)/provision for income tax		-35.5	%		49	%		40	%

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

	Year Ended December 31,
	2012			2011
Deferred tax assets
Net operating loss carryforward	$	8,145		$	87
Accrued expenses		1,602			916
Equity based compensation		1,297			594
Allowance for doubtful accounts		161			141
AMT credit		133			-
Accrued insurance claims		62			60
Accounts receivable		16			-
Total deferred tax asset		11,415			1,798
Valuation allowance		(759	)		-
Total deferred tax asset, net		10,656			1,798

Deferred tax liabilities
Convertible debt discount		(11,354	)		-
Intangible assets		(3,634	)		(2,569	)
Property, plant & equipment		(628	)		(478	)
Prepaid expenses		(415	)		(142	)
		(16,031	)		(3,189	)

Net deferred tax liability		(5,375	)		(1,391	)

Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]

	Year Ended December 31,
	2012			2011

Uncertain tax positions, beginning of the year	$	200		$	135
Additions based on tax positions related to the current year		-			65
Additions for tax positions of prior years		612			-
Reductions due to the statute of limitations		(212	)		-

Uncertain tax positions, end of the year		600			200

Note 12 - Quarterly Financial Data (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2012

Schedule of Quarterly Financial Information [Table Text Block]

	March 31, 2012			June 30, 2012			September 30, 2012			December 31, 2012
Operating revenue	$	44,560		$	54,540		$	70,988		$	108,503
Direct expense		37,787			46,074			61,064			92,840
Gross margin		6,773			8,466			9,924			15,663
Sales, general and administrative expense		10,997			11,834			19,204			26,755
Other (income) expense		(21	)		26			314			44
Interest expense		12			3			15			3,177
Loss before income tax		(4,215	)		(3,397	)		(9,609	)		(14,313	)
Income tax (benefit) provision		(1,521	)		1,780			(6,460	)		(4,994	)
Net loss		(2,694	)		(5,177	)		(3,149	)		(9,319	)
Cumulative preferred dividends		(750	)		(750	)		(750	)		(743	)
Net loss available to common shareholders	$	(3,444	)	$	(5,927	)	$	(3,899	)	$	(10,062	)
Basic loss per share
Net loss	$	(0.36	)	$	(0.34	)	$	(0.22	)	$	(0.57	)
Diluted loss per share
Net loss	$	(0.36	)	$	(0.34	)	$	(0.22	)	$	(0.57	)

	March 31, 2011		June 30, 2011		September 30, 2011			December 31, 2011
Operating revenue	$	41,508	$	44,094	$	47,389		$	44,085
Direct expense		34,301		36,914		39,169			36,914
Gross margin		7,207		7,180		8,220			7,171
Sales, general and administrative expense		5,207		5,537		7,750			9,560
Other expense (income)		29		33		-			(6	)
Interest expense		49		47		49			46
Income (loss) before income tax		1,922		1,563		421			(2,429	)
Income tax provision (benefit)		805		649		231			(967	)
Net income (loss)		1,117		914		190			(1,462	)
Preferred stock beneficial conversion charge and dividends		-		-		(44,586	)		(750	)
Net income (loss) available to common shareholders	$	1,117	$	914	$	(44,396	)	$	(2,212	)
Basic income (loss) per share
Net income (loss)	$	0.14	$	0.11	$	(5.38	)	$	(0.27	)
Diluted income (loss) per share
Net income (loss)	$	0.13	$	0.11	$	(5.38	)	$	(0.27	)

	March 31, 2010		June 30, 2010		September 30, 2010		December 31, 2010
Operating revenue	$	31,642	$	40,340	$	44,448	$	41,557
Direct expense		26,043		33,101		36,309		35,134
Gross margin		5,599		7,239		8,139		6,423
Sales, general and administrative expense		4,075		4,598		5,219		5,062
Other expense		20		34		48		38
Interest expense		20		88		32		65
Income before income tax		1,484		2,519		2,840		1,258
Income tax provision		650		1,015		1,110		438
Net income	$	834	$	1,504	$	1,730	$	820
Basic income per share
Net income	$	0.10	$	0.19	$	0.21	$	0.10
Diluted income per share
Net income	$	0.10	$	0.18	$	0.21	$	0.10

Note 13 - Operating Segments (Tables)

12 Months Ended

Dec. 31, 2012

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

	Freight Brokerage			Expedited Transportation		Freight Forwarding		Corporate			Eliminations			Total
Year Ended December 31, 2012
Revenue	$	125,120		$	94,008	$	67,692	$	-		$	(8,229	)	$	278,591
Operating (loss) income from operations		(5,554	)		6,825		1,108		(30,343	)		-			(27,964	)
Depreciation and amortization		1,223			524		575		391			-			2,713
Interest expense		4			5		1		3,197			-			3,207
Tax benefit		(610	)		-		-		(10,548	)		-			(11,195	)
Goodwill		38,988			7,737		9,222		-			-			55,947
Total assets		109,601			35,480		23,324		381,876			(127,136	)		413,208
Year Ended December 31, 2011
Revenue	$	29,186		$	87,558	$	65,148	$	-		$	(4,816	)	$	177,076
Operating income (loss) from operations		1,305			8,199		1,545		(9,325	)		-			1,724
Depreciation and amortization		44			596		576		24			-			1,240
Interest expense		33			4		150		4			-			191
Tax provision		42			356		-		320			-			718
Goodwill		-			7,737		9,222		-			-			16,959
Total assets		4,854			22,448		23,394		97,667			(20,722	)		127,641
Year Ended December 31, 2010
Revenue	$	19,994		$	76,644	$	65,222	$	-		$	(3,873	)	$	157,987
Operating income (loss) from operations		865			7,606		1,882		(1,907	)		-			8,446
Depreciation and amortization		31			686		629		19			-			1,365
Interest expense		31			-		171		3			-			205
Tax provision		262			2,382		529		40			-			3,213
Goodwill		-			7,737		9,222		-			-			16,959
Total assets		4,836			24,509		25,106		25,867			(23,646	)		56,672

- 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)	12 Months Ended
Note 1 - Organization (Detail)	Dec. 31, 2012
Number of Operating Segments	3

Note 2 - Basis of Presentation and Significant Accounting Policies (Detail) - USD ($) $ in Millions	1 Months Ended	12 Months Ended
	Sep. 26, 2012	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Additional Principal Amount - Overallotment Option Exercised By Underwriters [Member] \| Portion of Debt Issuance Allocated to Equity [Member]
Debt Instrument, Convertible, Carrying Amount of Equity Component		$ 4.2
Additional Principal Amount - Overallotment Option Exercised By Underwriters [Member] \| Convertible Debt [Member]
Debt Instrument, Face Amount		18.8
Proceeds from Issuance of Debt		18.2
Additional Principal Amount - Overallotment Option Exercised By Underwriters [Member] \| Portion of Debt Issuance Allocated to Long-Term Debt [Member]
Convertible Debt		14.0
Portion of Debt Issuance Allocated to Equity [Member]
Debt Instrument, Convertible, Carrying Amount of Equity Component	$ 27.5	$ 27.5
Minimum [Member]
Finite-Lived Intangible Asset, Useful Life		4 months
Maximum [Member]
Finite-Lived Intangible Asset, Useful Life		12 years
Debt portion of convertible note [Member] \| Additional Principal Amount - Overallotment Option Exercised By Underwriters [Member]
Debt Issuance Cost		$ 0.5
Debt portion of convertible note [Member]
Debt Issuance Cost	3.6	3.6
Equity portion of convertible note [Member] \| Additional Principal Amount - Overallotment Option Exercised By Underwriters [Member]
Debt Issuance Cost		0.1
Equity portion of convertible note [Member]
Debt Issuance Cost	1.1	1.1
Convertible Debt [Member]
Debt Instrument, Face Amount		125.0
Portion of Debt Issuance Allocated to Long-Term Debt [Member]
Convertible Debt	$ 92.8	92.8
Convertible Notes, Including Overallotment Option [Member]
Convertible Debt, Fair Value Disclosures		$ 168.4
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%
Taxes and Duties Collected on Behalf of Customer		$ 2.4	$ 2.0	$ 1.1
Convertible Debt, Fair Value Disclosures		122.6
Debt Instrument, Convertible, Beneficial Conversion Feature		$ 0.0
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate		0.00%
Capitalized Computer Software, Gross		$ 1.2	$ 0.0

Note 2 - Basis of Presentation and Significant Accounting Policies (Detail) - Intangible assets with definite lives: - USD ($) $ in Thousands	Dec. 31, 2012	Dec. 31, 2011
Indefinite Lived Intangibles
Trade names	$ 6,416	$ 6,420
Definite Lived Intangibles:
Trade names	1,246	220
Non-compete agreements	3,050	763
Customer lists and relationships	14,281	1,974
Other intangible assets	2,072	1,996
	20,649	4,953
Less: accumulated amortization	(4,592)	(3,320)
Intangible assets, net	16,057	1,633
Total Identifiable Intangibles	$ 22,473	$ 8,053

Note 2 - Basis of Presentation and Significant Accounting Policies (Detail) - Estimated amortization expense for amortizable intangible assets for the next five years: $ in Thousands	Dec. 31, 2012 USD ($)
Estimated amortization expense	$ 2,123
Estimated amortization expense	1,491
Estimated amortization expense	1,411
Estimated amortization expense	1,398
Estimated amortization expense	$ 1,356

Note 2 - Basis of Presentation and Significant Accounting Policies (Detail) - Fair Value and Input Level of Financial Assets and Liabilities: - USD ($) $ in Thousands	Dec. 31, 2012	Dec. 31, 2011
Fair Value, Inputs, Level 1 [Member]
Assets:
Money market funds	$ 239,443
Fair Value, Inputs, Level 3 [Member]
Liabilities:
Contingent consideration obligations	392	$ 450
Money market funds	239,443
Contingent consideration obligations	$ 392	$ 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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
-Section 35
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=6910684&loc=d3e4570-128470

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 30
-Section 25
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=6911189&loc=d3e6411-128476

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
-Section 30
-Paragraph 18
-URI http://asc.fasb.org/extlink&oid=18499824&loc=d3e4237-128469

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
-Section 30
-Paragraph 19
-URI http://asc.fasb.org/extlink&oid=18499824&loc=d3e4243-128469

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
-Section 40
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6910732&loc=d3e4805-128471

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 30
-Section 25
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=6911189&loc=d3e6408-128476

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
-Section 25
-Paragraph 28
-URI http://asc.fasb.org/extlink&oid=6946367&loc=d3e3642-128468

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
-Section 25
-Paragraph 27
-URI http://asc.fasb.org/extlink&oid=6946367&loc=d3e3629-128468

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 30
-Section 50
-Paragraph 1
-Subparagraph (b)(3),(c)(1)
-URI http://asc.fasb.org/extlink&oid=7488404&loc=d3e6927-128479

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 30
-Section 25
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=6911189&loc=d3e6405-128476

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 141R
-Paragraph 68
-Subparagraph g(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 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 141R
-Paragraph 29, 30, 41, 42, 64
-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 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 141
-Paragraph 51
-Subparagraph f
-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 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 141R
-Paragraph 65
-Subparagraph a, b
-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 3 - Acquisitions (Detail) - USD ($) $ in Thousands	Aug. 03, 2012	Dec. 31, 2012	Oct. 24, 2012	Sep. 30, 2012	May 08, 2012	Dec. 31, 2011
Potential Earn-Out [Member] \| Minimum [Member] \| Continental Freight Services, Inc. [Member]
Business Acquisition, Contingent Consideration, Potential Cash Payment					$ 0
Potential Earn-Out [Member] \| Maximum [Member] \| Continental Freight Services, Inc. [Member]
Business Acquisition, Contingent Consideration, Potential Cash Payment					300
Potential Earn-Out [Member] \| Continental Freight Services, Inc. [Member]
Business Acquisition, Contingent Consideration, Potential Cash Payment					300
Pre-existing employment agreement [Member] \| Continental Freight Services, Inc. [Member]
Business Acquisition, Cost of Acquired Entity, Liabilities Incurred					300
Turbo Logistics, Inc. [Member]
Business Acquisition, Cost of Acquired Entity, Cash Paid			$ 50,075
Business Acquisition, Purchase Price Allocation, Goodwill Amount			$ 33,056
Kelron Logistics, Inc. [Member] \| Note Payable to the Sellers [Member]
Business Acquisition, Cost of Acquired Entity, Liabilities Incurred	$ 1,000
Fair Value Inputs, Discount Rate	4.53%
Notes Payable				$ 900
Kelron Logistics, Inc. [Member] \| "Agreements" with RBC [Member]
Business Acquisition, Cost of Acquired Entity, Liabilities Incurred				$ 5,000
Kelron Logistics, Inc. [Member]
Business Acquisition, Cost of Acquired Entity, Purchase Price	$ 8,000
Business Acquisition, Cost of Acquired Entity, Equity Interests Issued and Issuable	2,600
Business Acquisition, Purchase Price Allocation, Liabilities Assumed	5,400
Business Acquisition, Purchase Price Allocation, Current Assets, Receivables		$ 300
Continental Freight Services, Inc. [Member]
Business Acquisition, Cost of Acquired Entity, Cash Paid					3,500
Business Acquisition, Purchase Price Allocation, Goodwill Amount					2,100
Business Acquisition, Purchase Price Allocation, Amortizable Intangible Assets					$ 1,100
Business Acquisition, Contingent Consideration, at Fair Value		300
Notes Payable		863				$ 2,084
Business Acquisition, Purchase Price Allocation, Goodwill Amount	$ 3,615
Business Acquisition, Contingent Consideration, at Fair Value		$ 392				$ 450

Note 3 - Acquisitions (Detail) - Consideration transferred and net identifiable assets acquired at their estimated fair value: - USD ($) $ in Thousands	Oct. 24, 2012	Aug. 03, 2012
Trademarks/Trade Names [Member] \| Turbo Logistics, Inc. [Member]
Intangibles Acquired:
Fair value of Intangible Assets	$ 725
Trademarks/Trade Names [Member]
Intangibles Acquired:
Fair value of Intangible Assets		$ 251
Non Compete Agreement [Member] \| Turbo Logistics, Inc. [Member]
Intangibles Acquired:
Fair value of Intangible Assets	1,800
Non Compete Agreement [Member]
Intangibles Acquired:
Fair value of Intangible Assets		377
Customer Relationships [Member] \| Turbo Logistics, Inc. [Member]
Intangibles Acquired:
Fair value of Intangible Assets	10,000
Customer Relationships [Member]
Intangibles Acquired:
Fair value of Intangible Assets		1,207
Turbo Logistics, Inc. [Member]
Consideration	50,075
Less: Net Assets Acquired	4,494
Intangibles Acquired:
Goodwill	$ 33,056
Less: Net Assets Acquired		3,100
Goodwill		$ 3,615

Note 3 - Acquisitions (Detail) - Unaudited pro forma consolidated results of operations as if the Turbo acquisition had occured as of January 1, 2011: - Turbo Logistics, Inc. [Member] - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011
Revenue	$ 378,333	$ 302,664
Operating (Loss) Income	(52,312)	5,531
Net Loss	$ (37,164)	$ (42,593)
Loss per common share
Basic (in Dollars per share)	$ (2.56)	$ (5.16)
Diluted (in Dollars per share)	$ (2.56)	$ (5.16)

- Definition

The pro forma basic net income per share for a period as if the business combination or combinations had been completed at the beginning of a period.

+ References + Details

- Definition

The pro forma diluted net income per share for a period as if the business combination or combinations had been completed at the beginning of a period.

+ References + Details

Note 3 - Acquisitions (Detail) - Consideration transferred and net identifiable assets acquired at their estimated fair value: $ in Thousands	Aug. 03, 2012 USD ($)
Trademarks/Trade Names [Member]
Intangibles acquired:
Fair Value of Intangibles Acquired	$ 251
Technology [Member]
Intangibles acquired:
Fair Value of Intangibles Acquired	75
Non Compete Agreement [Member]
Intangibles acquired:
Fair Value of Intangibles Acquired	377
Customer Relationships [Member]
Intangibles acquired:
Fair Value of Intangibles Acquired	1,207
Consideration	2,646
Plus: Net Liabilities Acquired	3,100
Less: Net deferred tax asset on fair value adjustments	221
Goodwill	$ 3,615

Note 3 - Acquisitions (Detail) - Unaudited pro forma consolidated results of operations as if the Kelron acquisition had occured as of January 1, 2011: - Kelron Logistics, Inc. [Member] - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011
Revenue	$ 337,652	$ 278,152
Operating Income (Loss)	(28,942)	428
Net Loss	$ (24,224)	$ (45,667)
Loss per common share
Basic (in Dollars per share)	$ (1.54)	$ (5.54)
Diluted (in Dollars per share)	$ (1.54)	$ (5.54)

- Definition

The pro forma basic net income per share for a period as if the business combination or combinations had been completed at the beginning of a period.

+ References + Details

- Definition

The pro forma diluted net income per share for a period as if the business combination or combinations had been completed at the beginning of a period.

+ References + Details

Note 4 - Commitments and Contingencies (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Operating Leases, Future Minimum Payments Due	$ 16.9
Operating Leases, Future Minimum Payments Due, Next Twelve Months	3.3
Operating Leases, Future Minimum Payments, Due in Two Years	2.7
Operating Leases, Future Minimum Payments, Due in Three Years	2.5
Operating Leases, Future Minimum Payments, Due in Four Years	2.4
Operating Leases, Future Minimum Payments, Due Thereafter	5.9
Operating Leases, Rent Expense	$ 1.9	$ 0.5	$ 0.5

Note 5 - Debt (Detail)	1 Months Ended		12 Months Ended
Note 5 - Debt (Detail)	Oct. 17, 2012 USD ($)	Sep. 26, 2012 USD ($) $ / shares	Dec. 31, 2012 USD ($)
Public Offering [Member] \| Convertible Debt [Member]
Issuance Of Debt, Principal Amount		$ 125,000,000
Underwriters' Exercise Of Overallotment Option [Member] \| Convertible Debt [Member]
Issuance Of Debt, Principal Amount	$ 18,800,000
Portion of Debt Issuance Allocated to Equity [Member]
Debt Instrument, Convertible, Carrying Amount of Equity Component		27,500,000	$ 27,500,000
Debt portion of convertible note [Member]
Debt Issuance Cost		3,600,000	3,600,000
Equity portion of convertible note [Member]
Debt Issuance Cost		$ 1,100,000	1,100,000
Convertible Debt [Member]
Debt Instrument, Interest Rate, Stated Percentage		4.50%
Proceeds from Debt, Net of Issuance Costs	18,200,000
Embedded Derivative, Fair Value of Embedded Derivative Liability			0
Portion of Debt Issuance Allocated to Long-Term Debt [Member]
Convertible Debt		$ 92,800,000	$ 92,800,000
Debt portion of convertible note [Member]
Debt Issuance Cost	500,000
Proceeds from Debt, Net of Issuance Costs	14,000,000
Equity portion of convertible note [Member]
Debt Issuance Cost	100,000
Proceeds from Debt, Net of Issuance Costs	$ 4,200,000
Convertible Debt, Conversion Rate, Shares Per $1000 In Principal Amount		60.85
Convertible Debt, Conversion Rate, Principal Amount Increment		$ 1,000
Debt Instrument, Convertible, Conversion Price (in Dollars per share) \| $ / shares		$ 16.43
Convertible Debt, Redemption Terms, Common Stock Market Price As a Percent of the Conversion Price		130.00%
Convertible Debt, Redemption Terms, Redemption Price As Percent of Principal Amount to be Redeemed		100.00%
Convertible Debt, Redemption Terms, "Make Whole Premium" Payment, Discount Rate		4.50%

Note 5 - Debt (Detail) - Debt Obligations: - USD ($)	Dec. 31, 2012	Dec. 31, 2011
Capital leases for equipment	11.98%
Capital leases for equipment	55 months
Capital leases for equipment	$ 154,000	$ 45,000
Notes payable	$ 863,000	2,084,000
Line of credit	5.00%
Line of credit	$ 150
Convertible senior notes	4.50%
Convertible senior notes	60 months
Convertible senior notes	$ 108,280,000
Total debt and capital leases	109,447,000	2,129,000
Less: current maturities of notes payable and capital leases	491,000	1,675,000
Non-current maturities of debt and capital leases	$ 108,956,000	$ 454,000

Note 6 - Goodwill (Detail) - Goodwill Roll-Forward: $ in Thousands	12 Months Ended
	Dec. 31, 2012 USD ($)
Freight Brokerage [Member]
Acquisitions and other adjustments	$ 38,988
Goodwill	38,988
Expedited Transportation [Member]
Goodwill	7,737
Goodwill	7,737
Freight Forwarding [Member]
Goodwill	9,222
Goodwill	9,222
Goodwill	16,959
Acquisitions and other adjustments	38,988
Goodwill	$ 55,947

- 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
-URI http://asc.fasb.org/extlink&oid=14024403&loc=d3e13816-109267

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-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 - Stockholder's Equity (Detail) $ / shares in Units, $ in Thousands	1 Months Ended							12 Months Ended
	Jan. 31, 2013 USD ($) $ / shares	Oct. 31, 2012 USD ($) $ / shares	Jul. 31, 2012 USD ($) $ / shares	Apr. 30, 2012 USD ($) $ / shares	Mar. 31, 2012 USD ($) $ / shares shares	Jan. 31, 2012 USD ($) $ / shares	Sep. 30, 2011 USD ($) $ / item shares	Dec. 31, 2012 USD ($)	Dec. 31, 2011 USD ($)
Common Class A [Member]
Stock Issued During Period, Shares, New Issues (in Shares)					9,200,000
Shares Issued and Sold as a Result of the Full Exercise of the Underwriters' Overallotment Option (in Shares)					1,200,000
Convertible Preferred Stock [Member]
Stock Issued During Period, Shares, New Issues (in Shares)							75,000
Preferred Stock, Dividend Rate, Per-Dollar-Amount (in Dollars per share) \| $ / shares	$ 10	$ 10	$ 10	$ 10		$ 10
Payments of Ordinary Dividends, Preferred Stock and Preference Stock \| $	$ 700	$ 800	$ 800	$ 800		$ 800		$ 3,000	$ 375
Equity Issuance, Per Share Amount (in Dollars per share) \| $ / shares					$ 15.75
Proceeds from Issuance of Common Stock \| $					$ 137,000			$ 136,961
Proceeds from Issuance of Convertible Preferred Stock \| $							$ 75,000
Aggregate Number Of Common Shares That The Issued Preferred Stock Can Be Coverted Into (in Shares)							10,714,286
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in Shares)							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	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Restricted Stock Units (RSUs) [Member]
Allocated Share-based Compensation Expense	$ 3.3	$ 0.5	$ 0.0
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding, Number (in Shares)	883,816
Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized	$ 9.1
Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized, Period for Recognition	3 years 3 days
Restricted Stock Units (RSUs) - Subject to Service Conditions [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding, Number (in Shares)	573,816
Restricted Stock Units (RSUs) - Subject to Service and Performance-Based Conditions [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding, Number (in Shares)	310,000
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding, Number (in Shares)	883,816	695,000
Share Based Compensation Estimate, Restricted Stock Units, FY 13	$ 2.7
Share Based Compensation Estimate, Restricted Stock Units, FY 14	2.5
Share Based Compensation Estimate, Restricted Stock Units FY 15	2.4
Share Based Compensation Estimate, Restricted Stock Units, FY 16	$ 1.5
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Number (in Shares)	515,495
Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized, Stock Options	$ 4.4
Share Based Estimated Compensation Expense, Stock Options, FY13	1.4
Share Based Estimated Compensation Expense, Stock Options, FY14	1.1
Share Based Estimated Compensation Expense, Stock Options, FY15	1.1
Share Based Estimated Compensation Expense, Stock Options, FY16	0.7
Share Based Estimated Compensation Expense, Stock Options, FY17	$ 0.1

Note 8 - Stock-Based Compensation (Detail) - Equity awards outstanding and exercisable: - $ / shares	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011
Minimum [Member]
Options, Exercise Price	$ 2.28	$ 2.28
Granted	11.46
Exercised	2.96
Forfeited	3.48
Maximum [Member]
Options, Exercise Price	18.07	$ 18.07
Granted	18.07
Exercised	10.56
Forfeited	$ 16.92
Options, Number (in Shares)	1,383,332	1,381,958
Options, Exercise Price	$ 10.06	$ 8.53
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2	8 years 105 days	9 years
Restricted Stock, Number (in Shares)	883,816	695,000
Restricted Stock, Weighted Average Grant Date Fair Value	$ 11.31	$ 10.33
Granted (in Shares)	296,000
Granted	$ 15.10
Granted	$ 12.78
Granted (in Shares)	420,691
Exercised (in Shares)	185,139
Exercised	$ 5.15
Exercised (in Shares)	231,875
Exercised	$ 11.04
Forfeited (in Shares)	109,487
Forfeited	$ 12.63

Note 9 - Earnings per Share (Detail) - $ / shares	12 Months Ended
Note 9 - Earnings per Share (Detail) - $ / shares	Dec. 31, 2012	Dec. 31, 2011
Assumed Average Market Price Per Share Exercise Of Warrants Treasury Method	$ 15.01	$ 10.57

Note 9 - Earnings per Share (Detail) - Weighted Average of Potentially Dilutive Securities Excluded From Computation of Diluted Earnings Per Share: - shares	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Basic common stock outstanding	15,694,430	8,246,577	8,060,346
Potentially Dilutive Securities:
Shares underlying the conversion of preferred stock to common stock	10,695,326	3,522,505
Shares underlying the conversion of the convertible senior notes	2,238,758
Shares underlying warrants to purchase common stock	5,717,284	3,618,061
Shares underlying stock options to purchase common stock	473,421	298,017	218,649
Shares underlying restricted stock units	249,139	6,456
	19,373,928	7,445,039	218,649
Diluted weighted shares outstanding	35,068,359	15,691,616	8,278,995

- 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 10 - Income Taxes (Detail) - USD ($) $ in Thousands	12 Months Ended
Note 10 - Income Taxes (Detail) - USD ($) $ in Thousands	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Internal Revenue Service (IRS) [Member]
Operating Loss Carryforwards	$ 21,700
State and Local Jurisdiction [Member]
Operating Loss Carryforwards	29,400
Foreign Tax Authority [Member]
Operating Loss Carryforwards	900
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration	3,200
Deferred Tax Assets, Valuation Allowance	500
Domestic Tax Authority [Member]
Deferred Tax Assets, Valuation Allowance	300
Net Operating Losses [Member]
Income Tax Expense (Benefit)	(8,100)
Net Operating Losses - Amount Recorded As A Current Receivable To Be Carried Back Against Prior Year Tax Returns [Member]
Income Tax Expense (Benefit)	$ (2,300)
Effective Income Tax Rate, Continuing Operations1	(35.5%)
Effective Income Tax Rate, Continuing Operations	(35.50%)	48.60%	39.70%
Statutory Income Tax Rate	34.00%
Adjustments to Additional Paid in Capital, Income Tax Benefit from Share-based Compensation	$ 2,700	$ 451
Income Tax Expense (Benefit)	(11,195)	718	$ 3,213
Deferred Tax Assets, Valuation Allowance	759
Unrecognized Tax Benefits, Income Tax Penalties and Interest Expense	200	$ 0
Unrecognized Tax Benefits, Reductions Resulting from Lapse of Applicable Statute of Limitations, Next 12 Months	$ 200

Note 10 - Income Taxes (Detail) - A summary of U.S. and non U.S. operations are as follows: - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Operations
U.S. domestic	$ (29,378)	$ 1,477	$ 8,101
Foreign	(2,156)
Total pre-tax (loss) income	$ (31,534)	$ 1,477	$ 8,101

Note 10 - Income Taxes (Detail) - Components of the Income Tax Provision - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Current
Federal	$ (2,254)	$ 738	$ 1,968
State	59	269	330
Foreign	(751)
	(2,949)	1,007	2,298
Deferred
Federal	(7,494)	(249)	798
State	(893)	(40)	117
Foreign	141
	(8,260)	(327)	900
Total income tax provision	$ (11,195)	$ 718	$ 3,213

Note 10 - Income Taxes (Detail) - Reconciliation of Income Tax to Statutory Rate	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Income tax (benefit)/provision at statutory rate	(34.00%)	34.00%	34.00%
Increase (decrease) in income tax due to:
State and local taxes, net	(3.60%)	9.00%	4.00%
Transaction expense	0.70%
Valuation allowance	1.60%
Uncertain tax position provision	(1.10%)	4.00%	2.00%
All other non-deductible items	0.40%	1.00%
Foreign tax rate differences	0.50%
Total (benefit)/provision for income tax	(35.50%)	48.60%	39.70%

Note 10 - Income Taxes (Detail) - Deferred Tax Assets and Liabilities - USD ($) $ in Thousands	Dec. 31, 2012	Dec. 31, 2011
Deferred tax assets
Net operating loss carryforward	$ 8,145	$ 87
Accrued expenses	1,602	916
Equity based compensation	1,297	594
Allowance for doubtful accounts	161	141
AMT credit	133
Accrued insurance claims	62	60
Accounts receivable	16
Total deferred tax asset	11,415	1,798
Valuation allowance	(759)
Total deferred tax asset, net	10,656	1,798
Deferred tax liabilities
Convertible debt discount	(11,354)
Intangible assets	(3,634)	(2,569)
Property, plant & equipment	(628)	(478)
Prepaid expenses	(415)	(142)
	(16,031)	(3,189)
Net deferred tax liability	$ (5,375)	$ (1,391)

Note 10 - Income Taxes (Detail) - Unrecognized Tax Benefits - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011
Uncertain tax positions, beginning of the year	$ 200	$ 135
Uncertain tax positions, end of the year	600	200
Additions based on tax positions related to the current year		$ 65
Additions for tax positions of prior years	612
Reductions due to the statute of limitations	$ (212)

Note 11 - Related Party Transactions (Detail) - JPE [Member] $ in Millions	12 Months Ended
	Dec. 31, 2011 USD ($)
Reimbursement of Issuance Costs [Member]
Related Party Transaction, Amounts of Transaction	$ 1.0
Incremental Reimbursement [Member]
Related Party Transaction, Amounts of Transaction	0.3
Reimbursement for Executive Search and Other [Member]
Related Party Transaction, Amounts of Transaction	$ 0.3

Note 12 - Quarterly Financial Data (Unaudited) (Detail) - Quarterly Financial Data - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
First Quarter [Member]
Operating revenue	$ 44,560	$ 41,508	$ 31,642
Direct expense	37,787	34,301	26,043
Gross margin	6,773	7,207	5,599
Sales, general and administrative expense	10,997	5,207	4,075
Other (income) expense	(21)	29	20
Interest expense	12	49	20
Income (loss) before income tax	(4,215)	1,922	1,484
Income tax (benefit) provision	(1,521)	805	650
Net income (loss)	(2,694)	1,117	$ 834
Cumulative preferred dividends	(750)
Net income (loss) available to common shareholders	$ (3,444)	$ 1,117
Basic loss per share
Basic income (loss) per share (in Dollars per share)	$ (0.36)	$ 0.14	$ 0.10
Diluted loss per share
Diluted income (loss) per share (in Dollars per share)	$ (0.36)	$ 0.13	$ 0.10
Second Quarter [Member]
Operating revenue	$ 54,540	$ 44,094	$ 40,340
Direct expense	46,074	36,914	33,101
Gross margin	8,466	7,180	7,239
Sales, general and administrative expense	11,834	5,537	4,598
Other (income) expense	26	33	34
Interest expense	3	47	88
Income (loss) before income tax	(3,397)	1,563	2,519
Income tax (benefit) provision	1,780	649	1,015
Net income (loss)	(5,177)	914	$ 1,504
Cumulative preferred dividends	(750)
Net income (loss) available to common shareholders	$ (5,927)	$ 914
Basic loss per share
Basic income (loss) per share (in Dollars per share)	$ (0.34)	$ 0.11	$ 0.19
Diluted loss per share
Diluted income (loss) per share (in Dollars per share)	$ (0.34)	$ 0.11	$ 0.18
Third Quarter [Member]
Operating revenue	$ 70,988	$ 47,389	$ 44,448
Direct expense	61,064	39,169	36,309
Gross margin	9,924	8,220	8,139
Sales, general and administrative expense	19,204	7,750	5,219
Other (income) expense	314		48
Interest expense	15	49	32
Income (loss) before income tax	(9,609)	421	2,840
Income tax (benefit) provision	(6,460)	231	1,110
Net income (loss)	(3,149)	190	$ 1,730
Preferred stock beneficial conversion charge and dividends		(44,586)
Cumulative preferred dividends	(750)
Net income (loss) available to common shareholders	$ (3,899)	$ (44,396)
Basic loss per share
Basic income (loss) per share (in Dollars per share)	$ (0.22)	$ (5.38)	$ 0.21
Diluted loss per share
Diluted income (loss) per share (in Dollars per share)	$ (0.22)	$ (5.38)	$ 0.21
Fourth Quarter [Member]
Operating revenue	$ 108,503	$ 44,085	$ 41,557
Direct expense	92,840	36,914	35,134
Gross margin	15,663	7,171	6,423
Sales, general and administrative expense	26,755	9,560	5,062
Other (income) expense	44	(6)	38
Interest expense	3,177	46	65
Income (loss) before income tax	(14,313)	(2,429)	1,258
Income tax (benefit) provision	(4,994)	(967)	438
Net income (loss)	(9,319)	(1,462)	$ 820
Preferred stock beneficial conversion charge and dividends		(750)
Cumulative preferred dividends	(743)
Net income (loss) available to common shareholders	$ (10,062)	$ (2,212)
Basic loss per share
Basic income (loss) per share (in Dollars per share)	$ (0.57)	$ (0.27)	$ 0.10
Diluted loss per share
Diluted income (loss) per share (in Dollars per share)	$ (0.57)	$ (0.27)	$ 0.10
Operating revenue	$ 278,591	$ 177,076	$ 157,987
Direct expense	237,765	147,298	130,587
Gross margin	40,826	29,778	27,400
Other (income) expense	363	56	140
Interest expense	3,207	191	205
Income (loss) before income tax	(31,534)	1,477	8,101
Income tax (benefit) provision	(11,195)	718	3,213
Net income (loss)	(20,339)	759	4,888
Preferred stock beneficial conversion charge and dividends		44,211
Net income (loss) available to common shareholders	$ (23,332)	$ (44,577)	$ 4,888
Basic income (loss) per share (in Dollars per share)	$ (1.49)	$ (5.41)	$ 0.61
Diluted income (loss) per share (in Dollars per share)	$ (1.49)	$ (5.41)	$ 0.59

Note 13 - Operating Segments (Detail) $ in Thousands	12 Months Ended
Note 13 - Operating Segments (Detail) $ in Thousands	Dec. 31, 2012 USD ($)	Dec. 31, 2011 USD ($)	Dec. 31, 2010 USD ($)
Canadian-Based Operations [Member]
Revenues	$ 30,700
Assets	$ 15,000
Number of Reportable Segments	3
Revenues	$ 278,591	$ 177,076	$ 157,987
Assets	$ 413,208	$ 127,641	$ 56,672

Note 13 - Operating Segments (Detail) - Financial Data for Operating Segments: - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Freight Brokerage [Member]
Revenues	$ 125,120	$ 29,186	$ 19,994
Operating income (loss) from operations	(5,554)	1,305	865
Depreciation and amortization	1,223	44	31
Interest expense	4	33	31
Tax provision (benefit)	(610)	42	262
Goodwill	38,988
Total assets	109,601	4,854	4,836
Expedited Transportation [Member]
Revenues	94,008	87,558	76,644
Operating income (loss) from operations	6,825	8,199	7,606
Depreciation and amortization	524	596	686
Interest expense	5	4
Tax provision (benefit)		356	2,382
Goodwill	7,737	7,737	7,737
Total assets	35,480	22,448	24,509
Freight Forwarding [Member]
Revenues	67,692	65,148	65,222
Operating income (loss) from operations	1,108	1,545	1,882
Depreciation and amortization	575	576	629
Interest expense	1	150	171
Tax provision (benefit)			529
Goodwill	9,222	9,222	9,222
Total assets	23,324	23,394	25,106
Corporate [Member]
Operating income (loss) from operations	(30,343)	(9,325)	(1,907)
Depreciation and amortization	391	24	19
Interest expense	3,197	4	3
Tax provision (benefit)	(10,548)	320	40
Total assets	381,876	97,667	25,867
Intersegment Elimination [Member]
Revenues	(8,229)	(4,816)	(3,873)
Total assets	(127,136)	(20,722)	(23,646)
Revenues	278,591	177,076	157,987
Operating income (loss) from operations	(27,964)	1,724	8,446
Depreciation and amortization	2,713	1,240	1,365
Interest expense	3,207	191	205
Tax provision (benefit)	(11,195)	718	3,213
Goodwill	55,947	16,959	16,959
Total assets	$ 413,208	$ 127,641	$ 56,672

Note 14 - Subsequent Events (Detail) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended						12 Months Ended
	Feb. 26, 2013	Jan. 31, 2013	Oct. 31, 2012	Jul. 31, 2012	Apr. 30, 2012	Jan. 31, 2012	Dec. 31, 2012	Dec. 31, 2011	Feb. 08, 2013
ECAC [Member]
Business Acquisition, Cost of Acquired Entity, Cash Paid									$ 9,300
"Covered Logistics" [Member]
Business Acquisition, Cost of Acquired Entity, Cash Paid	$ 8,000
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares (in Shares)	173,712
Preferred Stock, Dividend Rate, Per-Dollar-Amount (in Dollars per share)		$ 10	$ 10	$ 10	$ 10	$ 10
Payments of Ordinary Dividends, Preferred Stock and Preference Stock		$ 700	$ 800	$ 800	$ 800	$ 800	$ 3,000	$ 375