Daseke (DSKE) 10-Q 9 Aug 18 2018 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2018	Aug. 07, 2018
Document and Entity Information
Entity Registrant Name	Daseke, Inc.
Entity Central Index Key	1,642,453
Document Type	10-Q
Document Period End Date	Jun. 30, 2018
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Filer Category	Accelerated Filer
Common shares outstanding		64,445,371
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q2

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Current assets:
Cash and cash equivalents	$ 78,734	$ 90,679
Accounts receivable, net of allowance of $398 and $212 at June 30, 2018 and December 31, 2017, respectively	195,606	127,368
Drivers’ advances and other receivables	5,215	4,792
Current portion of net investment in sales-type leases	13,346	10,979
Parts supplies	5,040	4,653
Prepaid and other current assets	34,433	28,240
Total current assets	332,374	266,711
Property and equipment, net	501,120	429,639
Intangible assets, net	186,857	93,120
Goodwill	264,025	302,702
Other long-term assets	39,726	33,496
Total assets	1,324,102	1,125,668
Current liabilities:
Accounts payable	29,057	12,488
Accrued expenses and other liabilities	46,319	25,876
Accrued payroll, benefits and related taxes	16,330	14,004
Accrued insurance and claims	12,236	12,644
Current portion of long-term debt	48,022	43,056
Total current liabilities	151,964	108,068
Line of credit		4,561
Long-term debt, net of current portion	567,378	569,740
Deferred tax liabilities	121,513	90,434
Other long-term liabilities	20,985	1,632
Total liabilities	861,840	774,435
Commitments and contingencies (Note 15)
Stockholders’ equity:
Common stock, par value $0.0001 per share; 250,000,000 shares authorized, 63,875,267 and 48,712,288 shares issued and outstanding at June 30, 2018 and December 31, 2017, respectively	6	5
Additional paid-in-capital	427,892	277,931
Retained earnings (accumulated deficit)	(30,652)	7,338
Accumulated other comprehensive income	16	959
Total stockholders’ equity	462,262	351,233
Total liabilities and stockholders’ equity	1,324,102	1,125,668
Series A convertible preferred stock
Stockholders’ equity:
Preferred stock value	$ 65,000	$ 65,000

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)	Jun. 30, 2018	Dec. 31, 2017
Net of allowance	$ 398,000	$ 212,000
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	250,000,000	250,000,000
Common stock, issued	63,875,267	48,712,288
Common stock, outstanding	63,875,267	48,712,288
Series A convertible preferred stock
Preferred stock, par value	$ 0.00010	$ 0.00010
Preferred stock, authorized	10,000,000	10,000,000
Preferred stock, issued	650,000	650,000
Preferred liquidation preference	$ 65,000	$ 65,000

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Revenues:
Total revenue	$ 376,899	$ 197,323	$ 704,480	$ 357,757
Operating expenses:
Salaries, wages and employee benefits	90,614	58,186	172,959	108,307
Operations and maintenance	40,465	28,967	75,028	52,191
Communications	807	549	1,506	952
Administrative expenses	13,077	8,022	25,214	15,400
Sales and marketing	651	555	1,287	937
Insurance and claims	10,428	5,042	19,612	9,165
Acquisition-related transaction expenses	1,402	1,037	1,842	1,483
Depreciation and amortization	31,766	17,638	56,948	33,953
(Gain) loss on disposition of revenue property and equipment	(490)	26	(645)	(174)
Impairment	2,840		2,840
Total operating expenses	368,391	192,859	688,215	354,141
Income from operations	8,508	4,464	16,265	3,616
Other expense (income):
Interest income	(601)	(50)	(1,042)	(54)
Interest expense	11,070	6,544	21,407	12,440
Write-off of unamortized deferred financing fees				3,883
Other	(900)	(107)	(1,859)	(215)
Total other expense	9,569	6,387	18,506	16,054
Loss before provision (benefit) for income taxes	(1,061)	(1,923)	(2,241)	(12,438)
Provision (benefit) for income taxes	(14,546)	2,184	(14,929)	(586)
Net income (loss)	13,485	(4,107)	12,688	(11,852)
Other comprehensive income (loss):
Unrealized income on interest rate swaps				52
Foreign currency translation adjustments, net of tax expense (benefit) of $(78), $274, $(251) and $274, respectively	(623)	507	(943)	507
Comprehensive income (loss)	12,862	(3,600)	11,745	(11,293)
Net income (loss)	13,485	(4,107)	12,688	(11,852)
Convertible preferred stockholders dividend			(2,478)
Net income (loss) attributable to common stockholders	$ 12,246	$ (5,800)	$ 10,210	$ (14,352)
Net loss per common share:
Basic and Diluted (in dollars per share)	$ 0.20	$ (0.15)	$ 0.17	$ (0.44)
Weighted-average common shares outstanding:
Basic and Diluted (in shares)	60,558,956	37,945,310	57,935,688	32,468,674
Basic (in shares)	59,460	37,945	56,902	32,469
Diluted (in shares)	60,559	37,945	57,936	32,469
Series A
Other comprehensive income (loss):
Convertible preferred stockholders dividend	$ (1,239)	$ (1,693)	$ (2,478)	$ (1,694)
Weighted-average common shares outstanding:
Dividends declared per convertible preferred share	$ 1.91	$ 0.68	$ 3.81	$ 0.68
Series B
Other comprehensive income (loss):
Convertible preferred stockholders dividend				$ (806)
Weighted-average common shares outstanding:
Dividends declared per convertible preferred share				$ 12.50
Freight
Revenues:
Total revenue	$ 272,583	$ 149,654	$ 512,654	$ 275,209
Operating expenses:
Cost of revenue	141,582	49,760	259,305	87,346
Brokerage
Revenues:
Total revenue	60,091	28,656	106,229	49,525
Logistics
Revenues:
Total revenue	8,891	2,700	19,609	2,700
Fuel
Revenues:
Total revenue	35,334	16,313	65,988	30,323
Operating expenses:
Cost of revenue	31,359	20,466	64,735	39,689
Service
Operating expenses:
Taxes and licenses	$ 3,890	$ 2,611	$ 7,584	$ 4,892

CONSOLIDATED STATEMENTS OF OPE5

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Consolidated Statements of Operations and Comprehensive Loss
Foreign currency translation adjustments tax expense	$ (78)	$ 274	$ (251)	$ 274

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY - 6 months ended Jun. 30, 2018 - USD ($) $ in Thousands	Series A convertible preferred stockSeries A convertible preferred stock	Series A convertible preferred stock	Common Stock Member	Additional Paid-In Capital Member	Retained Earnings (Accumulated Deficit).	Accumulated Other Comprehensive (Loss)	Total
Balance (in Value) at Dec. 31, 2017	$ 65,000		$ 5	$ 277,931	$ 7,338	$ 959	$ 351,233
Balance (in Shares) at Dec. 31, 2017		650,000	48,712,288
Exercise of options (in Value)				50			50
Exercise of options (in shares)			5,000
Convertible preferred stockholders dividend					(2,478)		(2,478)
Stock based compensation expense				1,788			1,788
Issuance of common stock			$ 1	99,923			99,924
Issuance of common stock (in shares)			10,157,979
Issuance of earnout shares				48,200	(48,200)		48,200
Issuance of earnout shares (in shares)			5,000,000
Foreign currency translation adjustments						(943)	(943)
Net income					12,688		12,688
Balance (in Value) at Jun. 30, 2018	$ 65,000		$ 6	$ 427,892	$ (30,652)	$ 16	$ 462,262
Balance (in Shares) at Jun. 30, 2018		650,000	63,875,267

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2016
Cash flows from operating activities
Net income (loss)			$ 12,688	$ (11,852)
Adjustments to reconcile net income (loss) to net cash provided by operating activities
Depreciation	$ 25,527	$ 16,196	48,815	31,069
Amortization of intangible assets	6,239	1,442	8,133	2,884
Amortization of deferred financing fees	800	500	1,452	793
Write-off of deferred financing fees				3,883
Stock-based compensation expense			1,788	538
Deferred taxes			(16,239)	(1,419)
Bad debt expense			202	221
Non-cash interest expense				92
Gain on disposition of property and equipment			(645)	(157)
Gain on disposition of building			(836)
Deferred gain recognized on sales-type leases	(900)	(200)	(1,414)	(339)
Impairment	2,840		2,840
Changes in operating assets and liabilities
Accounts receivable			(31,460)	(20,311)
Drivers’ advances and other receivables			(95)	102
Payments received on sales-type leases			6,547	2,076
Prepaid and other current assets			(6,315)	433
Accounts payable			56	1,103
Accrued expenses and other liabilities			3,518	4,714
Net cash provided by operating activities			29,035	13,830
Cash flows from investing activities
Purchase of property and equipment			(31,123)	(6,806)
Proceeds from sale of property and equipment			11,676	2,952
Cash paid in acquisitions, net of cash acquired			(79,084)	(40,571)
Net cash used in investing activities			(98,531)	(44,425)
Cash flows from financing activities:
Advances on line of credit			468,130	343,083
Repayments on line of credit			(472,691)	(349,939)
Advances on long-term debt			5,901
Principal payments on and payoff of long-term debt			(25,227)	(224,587)
Proceeds from Term Loan Facility				289,500
Deferred financing fees			(633)	(14,266)
Pay off of subordinated debt				(66,715)
Proceeds from issuance of common stock			84,569	64,577
Repurchase of common stock				(36,168)
Exercise of options			50
Net cash provided by financing activities			57,621	68,469
Effect of exchange rates on cash and cash equivalents			(70)	15
Net (decrease) increase in cash and cash equivalents			(11,945)		$ 37,889
Cash and cash equivalents – beginning of period			90,679
Cash and cash equivalents – beginning of period			90,679	3,695
Cash and cash equivalents – end of period	78,734		78,734
Cash and cash equivalents – end of period	78,734	41,584	78,734	41,584	$ 3,695
Supplemental disclosure of cash flow information
Cash paid for interest			20,025	17,728
Cash paid for income taxes			1,347	436
Noncash investing and financing activities
Property and equipment acquired with debt or capital lease obligations			11,589	5,139
Accrued capital expenditures			4,362
Property and equipment sold for notes receivable			248	70
Property and equipment transferred to sales-type lease			3,932	4,842
Sales-type lease returns to property and equipment			407	645
Sales-type lease assets acquired with debt or capital lease obligations			9,873
Sales-type lease assets sold for notes receivable			28,147	12,700
Sales-type lease returns to sales-type lease assets			15,451	6,957
Common stock issued in acquisition	$ 15,355	3,438	15,355	3,438
Issuance of earnout shares			48,200
Series A
Cash flows from financing activities:
Issuance of convertible preferred stock				(65,000)
Convertible preferred stock dividends			$ (2,478)
Noncash investing and financing activities
Accrued convertible preferred dividends		$ 1,693		1,693
Series B
Cash flows from financing activities:
Convertible preferred stock dividends				$ (2,016)

NATURE OF OPERATIONS AND SUMMAR

NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2018
NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 1 – NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Nature of Operations The registrant was originally formed in April 2015 as a special purpose acquisition company (SPAC) under the name Hennessy Capital Acquisition Corp. II (Hennessy). As a SPAC, Hennessy had no operations and its purpose was to go public with the intention of merging with or acquiring an operating company with the proceeds of the SPAC’s initial public offering (the IPO). On February 27, 2017, Hennessy consummated the Business Combination (as defined and described in Note 3) with Daseke, Inc. Upon consummation of the Business Combination, Daseke, Inc. changed its name to Daseke Companies, Inc. and Hennessy changed its name to Daseke, Inc. Daseke, Inc. was formed in December 2008 and began operations on January 1, 2009. Daseke is engaged in full service open-deck trucking that specializes primarily in flatbed truckload and heavy haul transportation of specialized items throughout the United States, Canada and Mexico. The Company also provides logistical planning and warehousing services to customers. The Company is subject to regulation by the Department of Transportation, the Department of Defense, the Department of Energy and various state regulatory authorities. Unless expressly stated otherwise, references to the Company or Daseke refers to Daseke, Inc. and its wholly owned subsidiaries, Hennessy refers to the registrant prior to the closing of the Business Combination, and Private Daseke refers to Daseke, Inc. and its subsidiaries prior to the closing of the Business Combination. Basis of Presentation These interim consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (GAAP) for interim financial information and with the instructions for Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the three and six month periods ended June 30, 2018 are not necessarily indicative of the results that may be expected for the year ended December 31, 2018. The consolidated balance sheet as of December 31, 2017 has been derived from the audited consolidated financial statements at that date. For additional information, including the Company’s significant accounting policies, refer to the consolidated financial statements and related footnotes for the year ended December 31, 2017 as set forth in the Company’s Current Report on Form 10-K, filed with the SEC on March 16, 2018. Principles of Consolidation The consolidated financial statements include the accounts of Daseke, Inc. and its wholly owned subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation. Use of Estimates The preparation of the consolidated financial statements in accordance with GAAP requires management to make estimates and assumptions that affect 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 revenues and expenses during the reporting period. Actual results could differ from those estimates. Deferred Financing Fees In conjunction with obtaining long-term debt, the Company incurred financing costs which are being amortized using the straight line method, which approximates the effective interest rate method, over the terms of the obligations. As of June 30, 2018 and December 31, 2017, the balance of deferred finance charges was $16.8 million and $17.7 million, respectively, which is included as a reduction of long-term debt, net of current portion in the consolidated balance sheets. Amortization expense was $0.8 million and $0.5 million for the three months ended June 30, 2018 and 2017, respectively, and $1.5 million and $0.8 million for the six months ended June 30, 2018 and 2017, respectively, which is included in interest expense. In February 2017, in conjunction with new term loan financing, as amended, discussed in Note 10, the Company incurred deferred financing costs of $14.2 million and an additional $4.8 million in November 2017 related to the tack-on loan. Unamortized deferred financing fees totaling $3.9 million were expensed as a result of the new term loan financing. Fair Value Measurements The Company follows the accounting guidance for fair value measurements of financial assets and financial liabilities and for fair value measurements of nonfinancial items that are recognized or disclosed at fair value in the financial statements on a recurring basis. Fair value guidance 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. It also establishes a framework for measuring fair value and expands disclosures about fair value measurements. The three levels of the fair value framework are as follows: Level 1 - Quoted market prices in active markets for identical assets or liabilities. Level 2 - Observable market-based inputs or unobservable inputs that are corroborated by market data. Level 3 - Unobservable inputs reflecting the reporting entity’s own assumptions or external inputs from inactive markets. A financial asset or liability’s classification within the framework is determined based on the lowest level of input that is significant to the fair value measurement. The fair value of the Company’s interest rate swaps is determined using cash flow computer models with unobservable inputs, therefore the liability for interest rate swaps is classified within Level 3 of the fair value framework. In conjunction with the Business Combination discussed in Note 3, the Company’s lone interest rate swap was terminated. The table below is a summary of the changes in the fair value of this liability for the six months ended June 30, 2017 (in thousands): 2017 Balance at January 1, 2017 $ (52) Change in fair value 52 Balance at June 30, 2017 $ — Stock-Based Compensation Awards of equity instruments issued to employees and directors are accounted for under the fair value method of accounting and recognized in the consolidated statements of operations and comprehensive loss. Compensation cost is measured for all stock-based awards at fair value on the date of grant and recognized using the straight-line method over the service period over which the awards are expected to vest. Fair value of all time-vested options as of the date of grant is estimated using the Black-Scholes option valuation model, which was developed for use in estimating the fair value of traded options that have no vesting restrictions and are fully transferable. Option valuation models require the input of highly subjective assumptions, including the expected stock price volatility. Since the Company does not have a sufficient history of exercise behavior, expected term is calculated using the assumption that the options will be exercised ratably from the date of vesting to the end of the contractual term for each vesting tranche of awards. The risk-free interest rate is based on the United States Treasury yield curve for the period of the expected term of the stock option. Expected volatility is calculated using an index of publicly traded peer companies. Fair values of nonvested stock awards (restricted stock units) are equal to the market value of the common stock on the date of the award with compensation costs amortized over the vesting period of the award. Segment Reporting The Company determines its operating segments based on the information utilized by the chief operating decision maker to allocate resources and assess performance. Based on this information, the Company has determined it has 16 operating segments as of June 30, 2018 and ten operating segments as of June 30, 2017 that are aggregated into two reportable segments: Flatbed Solutions, which delivers its services using primarily flatbed transportation equipment to meet the needs of high-volume, time-sensitive shippers, and Specialized Solutions, which delivers transportation and logistics solutions for super heavy haul, high-value customized and over-dimensional loads, many of which require engineering and customized equipment. Earnings (Loss) Per Share Basic earnings (loss) per common share is calculated by dividing net income (loss) attributable to common stockholders by the weighted average number of shares of common stock outstanding during the period. Diluted earnings (loss) per share reflect the potential dilution of earnings per share that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the Company’s earnings (loss). For the three and six months ended June 30, 2018 and 2017, shares of the Company’s 7.625% Series A Convertible Cumulative Preferred Stock (Series A Preferred Stock) were not included in the computation of diluted loss per share as their effects were anti-dilutive. Additionally, for the three and six months ended June 30, 2018 and 2017, there was no dilutive effect from the Merger Agreement earn-out provision (see Note 3) or the outstanding warrants to purchase shares of the Company’s common stock (the common stock purchase warrants). For the three and six months ended June 30, 2017, shares of Private Daseke’s Series B Convertible Preferred Stock (Series B Preferred Stock) were not included in the computation of diluted loss per share as their effects were anti-dilutive. Common Stock Purchase Warrants The Company accounts for the issuance of common stock purchase warrants in connection with equity offerings in accordance with the provisions of the Accounting Standards Codification (ASC) 815, Derivatives and Hedging (Topic 815). The Company classifies as equity any contracts that (i) require physical settlement or net-share settlement or (ii) gives the Company a choice of net-cash settlement or settlement in its own shares (physical settlement or net-share settlement). The Company classifies as assets or liabilities any contracts that (i) require net-cash settlement (including a requirement to net-cash settle the contract if an event occurs and if that event is outside the control of the Company) or (ii) gives the counterparty a choice of net-cash settlement or settlement in shares (physical settlement or net-share settlement). See Note 12 for additional details on the common stock purchase warrants. The Company assessed the classification of its common stock purchase warrants and determined that such instruments meet the criteria for equity classification at the time of issuance. Foreign Currency Gains and Losses The local currency is the functional currency for the Company’s operations in Canada. For these operations, assets and liabilities are translated at the rates of exchange on the consolidated balance sheet date, while income and expense items are translated at average rates of exchange during the period. The resulting gains or losses arising from the translation of accounts from the functional currency into United States dollars are included as a separate component of stockholders’ equity in accumulated other comprehensive loss until a partial or complete liquidation of the Company’s net investment in the foreign operation. From time to time, the Company’s foreign operations may enter into transactions that are denominated in a currency other than their functional currency (United States dollars). These transactions are initially recorded in the functional currency of the operating company based on the applicable exchange rate in effect on the date of the transaction. Monthly, these transactions are remeasured to an equivalent amount of the functional currency based on the applicable exchange rate in effect on the remeasurement date. Any adjustment required to remeasure a transaction to the equivalent amount of functional currency is recorded in the consolidated statements of operations of the foreign operating company as a component of foreign exchange gain or loss. Assets Held for Sale Assets held for sale is comprised of revenue equipment in the Company’s lease purchase program and is recorded as a component of prepaid and other current assets on the consolidated balance sheets. Assets held for sale at June 30, 2018 and December 31, 2017, totaled $14.1 million and $9.9 million, respectively. Assets held for sale totaled $10.2 million and $7.0 million for the Flatbed Solutions segment as of June 30, 2018 and December 31, 2017, respectively. Assets held for sale totaled $3.9 million and $2.9 million for the Specialized Solutions segment as of June 30, 2018 and December 31, 2017, respectively. Assets held for sale are not subject to depreciation, and are recorded at the lower of depreciated carrying value or fair market value less selling costs. The Company expects to sell these assets in its lease purchase program within twelve months of being classified as assets held for sale. Any gains from the sale of these assets are recognized as a deferred gain in the consolidated balance sheets in current portion of net investment in sales-type leases and other long-term assets. New Accounting Pronouncements In March 2018, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2018-05, Income Taxes (Topic 740). ASU 2018-05 provides amendments to SEC paragraphs pursuant to SEC Staff Accounting Bulletin (SAB) No. 118 related to the Tax Cuts and Jobs Act (TCJA) that became effective January 2018. The Company adopted the disclosure requirements of SAB 118 as of December 31, 2017 which were included in the Company’s Current Report on Form 10-K filed March 16, 2018 and as described in SAB 118 carried forward through June 30, 2018. In July 2017, the FASB issued ASU 2017-11, Earnings per Share (Topic 260), Distinguishing Liabilities from Equity (Topic 480) and Topic 815. ASU 2017-11 provides guidance on accounting for financial instruments with down round features and clarifies the deferral of certain provisions in Topic 480. ASU 2017-11 will become effective for annual periods beginning after December 15, 2018 and interim periods within those periods. The Company is currently evaluating the impact of adopting this guidance. In May 2017, the FASB issued ASU 2017-09, Compensation – Stock Compensation (Topic 718). ASU 2017-09 provides guidance about which changes to the terms or conditions of a share-based payment award requires the application of modification accounting. Modification accounting will apply unless the fair value of the modified award is the same as the original award, the vesting conditions of the modified award are the same as the original award and the classification of the modified award as an equity instrument or liability instrument is the same as the original award. ASU 2017-09 became effective for annual periods beginning after December 15, 2017 and interim periods within those periods. The Company adopted this pronouncement on January 1, 2018 which did not have a material impact on its consolidated results of operations, financial condition, cash flows, or financial statement disclosures as there were no changes to the terms or conditions of the Company’s share-based payment awards during the six months ended June 30, 2018. In August 2016, the FASB issued ASU 2016-15, Statement of Cash Flows (Topic 230). ASU 2016-15 provides new guidance intended to reduce diversity in practice in how certain cash receipts and payments are classified in the statement of cash flows, including debt prepayment or extinguishment costs, the settlement of contingent liabilities arising from a business combination, proceeds from insurance settlements, and distributions from certain equity method investees. ASU 2016-05 became effective for fiscal years beginning after December 15, 2017 and interim periods within fiscal years. The Company adopted this pronouncement on January 1, 2018 which did not impact its consolidated statement of cash flows. In June 2016, the FASB issued ASU No. 2016-13, Accounting for Credit Losses (Topic 326). ASU 2016-13 requires the use of an “expected loss” model on certain types of financial instruments. ASU 2016-13 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2019, with early adoption permitted. The Company is currently evaluating the impact of adopting this guidance. In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842). ASU 2016-02 amends various aspects of existing guidance for leases. ASU 2016-02 requires an entity to recognize assets and liabilities arising from a lease for both financing and operating leases, along with additional qualitative and quantitative disclosures. The main difference between previous GAAP and the amended standard is the recognition of lease assets and lease liabilities of lessees on the balance sheet for those leases classified as operating leases under previous GAAP. ASU 2016-02 is effective for fiscal years beginning after December 15, 2018, with early adoption permitted. Entities are required to adopt the ASU using a modified retrospective approach, subject to certain optional practical expedients, and apply the provisions of ASU 2016-02 to leasing arrangements existing at or entered into after the earliest comparative period presented in the financial statements. The Company is currently evaluating the provisions of ASU 2016-02 and assessing its impact on the Company’s financial statements. As part of the Company’s assessment to-date, the Company has formed an implementation team and is currently reviewing lease accounting specific software packages. The Company expects the adoption of ASU 2016-02 will materially gross up its consolidated balance sheet with the recognition of right-of-use assets and operating lease liabilities. The impact to the Company’s consolidated statements of operations and cash flows are not expected to be material. The new standard will also require additional disclosures for financing and operating leases.

REVENUE RECOGNITION

REVENUE RECOGNITION	6 Months Ended
	Jun. 30, 2018
Revenue Recognition
REVENUE RECOGNITION	NOTE 2 – REVENUE RECOGNITION Adoption of New Accounting Standard The Company has evaluated its current accounting practices to the requirements of ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606) and related amendments. This evaluation included an assessment of representative contracts from each of the Company’s revenue streams. The Company was recognizing revenue upon completion of transportation or other services. By nature, the Company’s services are short in duration, typically representing less than one week to completion, therefore the Company has determined that the difference between recognizing revenue upon completion and over time is minimal to its business. In addition to freight revenue, the Company also recognizes logistics revenue as a separate revenue stream. Logistics revenue is generated from a range of services, including value-added warehousing, loading and unloading, vehicle maintenance and repair, preparation and packaging, fuel management, and other fleet management solutions. The Company recognizes logistics revenue over time as services are completed. The adoption of this standard did not have a material impact on the Company’s financial position, results of operations or cash flows, however, there have been additions and modifications to its existing financial disclosures. While the overall revenue, systems and controls were minimally impacted by the new standard, the underlying recognition methodology has changed. Under the new standard, the Company now recognizes revenue over time as its customers are simultaneously receiving and consuming the benefits of its services, primarily based upon the output method of miles driven. The primary difference for the Company’s business, although currently immaterial, is the recognition of revenue for in-transit services at the end of each reporting period. The Company adopted this guidance as of January 1, 2018, utilizing the modified retrospective method and the practical expedient that applies to all contracts that were not completed at the date of adoption. The Company determined the differences between recognition methods was minimal, thus no opening adjustment was deemed necessary to retained earnings. The comparative information was not restated and continues to be presented under the accounting standards in effect for those periods. The Company does not anticipate any material changes to the costs of obtaining or fulfilling a contract, or corporate taxes. Accounting Policies The vast majority of the Company’s revenue is recognized over time as its customers simultaneously receive and consume the benefits. While there may be master service agreements with Company customers, a contract is not established until the customer specifically requests the Company’s services and the Company accepts. The Company evaluates each contract for distinct performance obligations. In the Company’s business, a typical performance obligation is the transportation of a load including any highly interrelated ancillary services. The Company predominantly estimates the standalone selling price of its services based upon observable evidence, market conditions and other relevant inputs. The Company allocates the total transaction price to each distinct performance obligation based upon the relative standalone selling prices. The Company’s customers simultaneously receive and consume the benefits of the Company’s contracts, therefore revenue is recognized over time. This is a faithful depiction of the satisfaction of the performance obligation, as the customer does not need to re-perform the transportation services the Company has provided to date. Brokerage Revenue The Company regularly engages third-party capacity providers to haul loads brokered to them when it needs additional capacity. The Company is primarily responsible for fulfilling the promise to provide load transportation services, has discretion in setting prices, along with the risk to fulfill the contract to the customer. Based upon this evaluation, the Company has determined that it is the principal and therefore, records gross revenues for brokerage services. Disclosure Designations The Company has designated the following preference and practical expedients: · Not disclose remaining performance obligations when the expected performance obligation duration is one year or less. The vast majority of the Company’s services transfer control within a month of the inception of the contract with select specialized loads taking several months to allow for increased planning and permitting. · Recognize the incremental costs of obtaining or fulfilling a contract as an expense when incurred, as the amortization period of a potential asset would be recognized in one year or less. · Exclude taxes collected on behalf of government authorities from the Company’s measurement of transaction prices. Tax amounts are not included within net income or cost of sales. Disaggregation of Revenue The Company’s income and segment disclosures have been reviewed to ensure revenues are properly disaggregated in accordance with the new guidance as displayed in the table below: Flatbed Specialized Solutions Solutions Corporate/ Consolidated Segment Segment Eliminations Total Three Months Ended June 30, 2018 Freight $ 118,486 $ 157,118 $ (3,021) $ 272,583 Brokerage 23,875 36,399 (183) 60,091 Logistics 693 8,236 (38) 8,891 Fuel surcharge 19,125 16,605 (396) 35,334 Total revenue $ 162,179 $ 218,358 $ (3,638) $ 376,899 Three Months Ended June 30, 2017 Freight $ 68,889 $ 82,143 $ (1,378) $ 149,654 Brokerage 9,495 19,198 (37) 28,656 Logistics — 2,708 (8) 2,700 Fuel surcharge 8,514 7,936 (137) 16,313 Total revenue $ 86,898 $ 111,985 $ (1,560) $ 197,323 Six Months Ended June 30, 2018 Freight $ 222,998 $ 294,627 $ (4,971) $ 512,654 Brokerage 46,873 59,589 (233) 106,229 Logistics 1,407 18,273 (71) 19,609 Fuel surcharge 35,909 30,757 (678) 65,988 Total revenue $ 307,187 $ 403,246 $ (5,953) $ 704,480 Six Months Ended June 30, 2017 Freight $ 132,863 $ 145,118 $ (2,772) $ 275,209 Brokerage 18,593 30,968 (36) 49,525 Logistics — 2,708 (8) 2,700 Fuel surcharge 16,746 13,864 (287) 30,323 Total revenue $ 168,202 $ 192,658 $ (3,103) $ 357,757 Significant Judgements Under the new revenue standard, significant judgements are required in order to identify contracts with customers and estimate transaction prices. Additional judgments are required for the identification of distinct performance obligations, the estimation of standalone selling prices and the allocation of the transaction price by relative standalone selling prices. Assumptions regarding the timing of when control transfers to the customer requires significant judgement in order to recognize revenue.

BUSINESS COMBINATION

BUSINESS COMBINATION	6 Months Ended
	Jun. 30, 2018
BUSINESS COMBINATION
BUSINESS COMBINATION	NOTE 3 – BUSINESS COMBINATION On February 27, 2017, Hennessy consummated the merger of Hennessy’s wholly-owned subsidiary with and into Daseke, Inc., with Daseke, Inc. surviving as a direct wholly-owned subsidiary of Hennessy (the Business Combination) pursuant to the Agreement and Plan of Merger, dated December 22, 2016 (the Merger Agreement). The aggregate consideration received by Private Daseke stockholders upon closing was $266.7 million, consisting of newly issued shares of common stock at a value of $10.00 per share. The Merger Agreement contains an earn-out provision through which Private Daseke stockholders could receive up to 15 million additional shares of common stock (with up to 5 million shares payable annually with respect to 2017, 2018 and 2019 performance). The full 15 million shares are only payable if (i) the annualized Adjusted EBITDA (giving effect to acquisitions and as defined in the Merger Agreement) for 2017, 2018 and 2019 is at least $140.0 million, $170.0 million and $200.0 million, respectively, and (ii) the closing share price of the Company’s common stock is at least $12.00, $14.00 and $16.00 for any 20 trading days in a consecutive 30 trading day period in 2017, 2018 and 2019, respectively. For each year, the 5 million earn-out shares will be prorated to the extent the annualized Adjusted EBITDA (giving effect to acquisitions and as defined in the Merger Agreement) exceeds 90% but represents less than 100%, of the applicable earn-out target. The Company met the earn-out provisions for the year ended December 31, 2017 and 5 million shares were issued to the Private Daseke stockholders in the second quarter of 2018. Following the consummation of the Business Combination on February 27, 2017 (the Closing), there were 37,715,960 shares of common stock issued and outstanding, consisting of (i) 26,665,330 shares issued to Private Daseke stockholders pursuant to the Merger Agreement, (ii) 419,669 shares issued in a private placement that closed in conjunction with the Business Combination, (iii) 2,288,043 shares originally issued to Hennessy Capital Partners II LLC (the Sponsor) in a private placement that closed simultaneously with the consummation of the IPO, and (iv) 8,342,918 shares, following redemptions, which shares were originally issued in the IPO. In connection with the Business Combination, $65.0 million of Series A Preferred Stock (650,000 shares) were issued in a private placement. In conjunction with the Closing, the Company entered into (i) a $350.0 million term loan credit facility (the Term Loan Facility), which consists of a $250.0 million term loan funded on the closing date of the Term Loan Facility and up to $100.0 million of term loans to be funded from time to time under a delayed draw term loan facility, and (ii) an asset-based revolving credit facility (the ABL Facility), in an aggregate maximum credit amount equal to $70.0 million (subject to availability under a borrowing base). See Note 10 for more information regarding the Term Loan Facility and the ABL Facility. Prior to the Closing, the Company had a credit facility consisting of a term loan (Senior Term Loan) and a revolving line of credit (Line of Credit). The following table is a summary of cash proceeds and utilization of proceeds in the Business Combination (in thousands): Proceeds Public share proceeds (1) $ 83,429 Issuance of Series A Preferred Stock 65,000 Term Loan Facility 250,000 Cash (2) 3,209 Total proceeds 401,638 Use of Proceeds Repayment of Line of Credit (3) 16,717 Repayment of Senior Term Loan (4) 122,724 Repayment of equipment loans (5) 89,488 Repayment of subordinated debt (6) 67,460 Payment of deferred financing fees (7) 14,148 Repurchase Main Street and Prudential shares (8) 36,168 Hennessy transaction costs 19,063 Daseke transaction costs (9) 1,204 Total use of proceeds 366,972 Net cash received $ 34,666 (1) - 8,342,918 public shares outstanding valued at $10.00 per share (2) - Daseke cash utilized for payment of deferred financing fees and transaction costs (3) - includes payment of $59 accrued interest recognized in interest expense (4) - includes payment of $422 accrued interest recognized in interest expense (5) - includes payment of $731 accrued interest recognized in interest expense (6) - includes payment of $745 accrued interest recognized in interest expense (7) - excludes $81 paid subsequent to the Closing (8) - Hennessy repurchased Private Daseke shares held by Main Street Capital II, LP, Main Street Mezzanine Fund, LP, Main Street Capital Corporation, Prudential Capital Partners IV, L.P., Prudential Capital Partners (Parallel Fund) IV, L.P. and Prudential Capital Partners Management Fund IV, L.P. (9) - $0.8 million and $0.4 million expensed in fourth quarter 2016 and first quarter 2017, respectively The Business Combination was accounted for as a reverse merger in accordance with GAAP. Under this method of accounting, Hennessy is treated as the “acquired” company. This determination was primarily based on Private Daseke comprising the ongoing operations of the combined company, Private Daseke’s senior management comprising the senior management of the combined company, and Private Daseke stockholders having a majority of the voting power of the combined company. For accounting purposes, Private Daseke is deemed to be the accounting acquirer in the transaction and, consequently, the transaction is treated as a recapitalization of Private Daseke (i.e., a capital transaction involving the issuance of stock by Hennessy for the stock of Private Daseke). Accordingly, the consolidated assets, liabilities and results of operations of Private Daseke are the historical financial statements of the combined company, and Hennessy’s assets, liabilities and results of operations are consolidated with Private Daseke beginning on the acquisition date. In connection with the Closing, Daseke, Inc. changed its name to Daseke Companies, Inc. and Hennessy Capital Acquisition Corp. II changed its name to Daseke, Inc. Daseke, Inc.’s common stock and warrants began trading under the ticker symbols DSKE and DSKEW, respectively, on February 28, 2017.

ACQUISITIONS

ACQUISITIONS	6 Months Ended
	Jun. 30, 2018
BUSINESS COMBINATION
ACQUISITIONS	NOTE 4 – ACQUISITIONS The Company is a leading consolidator of the open-deck freight market in North America. From its inception in late 2008, the Company has successfully acquired more than 17 open-deck trucking companies. Negotiations and discussions with potential targets are an integral part of the Company’s operations, and the Company may be in varying stages of the acquisition process, from infancy to very mature, at any point in time. To date, the primary reason for each acquisition was to add resources and services in geographic areas, customers and markets that the Company wants to serve, resulting in recognized goodwill. 2018 Acquisition The following is a summary of the preliminary allocation of the purchase price paid to the fair values of the net assets, net of cash acquired, of the acquisition of Aveda, as defined below (in thousands): (all amounts in United States dollars) Aveda Accounts receivable $ 37,255 Prepaid and other current assets 1,785 Property and equipment 89,752 Goodwill 14,919 Deferred tax asset 1,035 Accounts payable and other liabilities (30,007) Total $ 114,739 Aveda Transportation and Energy Services Inc. On June 6, 2018, the Company acquired all of the outstanding common shares of Aveda Transportation and Energy Services Inc., a corporation existing under the laws of the Province of Alberta, Canada (Aveda), pursuant to the Agreement and the Plan of Arrangement. Total consideration paid was $117.8 million, consisting of $27.3 million in cash, 1,612,979 shares of Daseke common stock valued at $15.4 million, and the payoff of $54.8 million of outstanding debt. The Company will also pay, to the holders of Aveda common shares, up to C$0.45 in cash per Aveda common share, contingent on and based on Aveda’s Company EBITDA (as defined in the Agreement) meeting certain thresholds set forth in the Agreement for the period beginning June 6, 2018 and ending on June 6, 2019. The contingent consideration for this earn-out has been initially valued at an estimated $20.3 million. The Aveda acquisition was a stock purchase, therefore the value assigned to the intangible assets and goodwill are not deductible for tax purposes. Approximately $1.1 million of transaction expenses were incurred in the acquisition, which are not deductible for tax purposes. The Company has not completed its assessment of the fair value of purchased intangible assets or contingent consideration for the Aveda acquisition. No value has been allocated to intangible assets and the value assigned to contingent consideration is preliminary. The final purchase price allocation may result in adjustments to certain assets and liabilities, including the residual amount allocated to goodwill; however, the purchase price allocation for the above acquisition is not considered final as of June 30, 2018. 2017 Acquisitions The following is a summary of the preliminary allocation of the purchase price paid to the fair values of the net assets, net of cash acquired, of the Company’s 2017 acquisitions (in thousands): (all amounts in United States dollars) Tennessee Moore Roadmaster Steel Belmont Freight Group Haulers R&R Steelman Schilli* Big Freight* Accounts receivable $ 240 $ 4,436 $ 9,806 $ 20,207 $ 5,129 $ 4,383 $ 8,616 $ 4,914 Parts supplies — 312 231 — 149 90 1,681 212 Prepaid and other current assets 107 301 1,097 5,870 1,515 2,295 2,548 287 Property and equipment 1,548 22,052 36,854 8,705 16,887 11,100 39,870 11,493 Goodwill & Intangibles 4,187 48,220 83,947 85,102 26,686 16,367 17,050 11,848 Other long-term assets — 114 670 19,049 156 5,013 915 121 Deferred tax liabilities (1,300) (14,376) (19,410) (33,284) (8,922) (4,811) (15,424) (4,792) Accounts payable and other liabilities (248) (1,889) (26,764) (14,002) (3,362) (15,612) (27,896) (6,294) Total $ 4,534 $ 59,170 $ 86,431 $ 91,647 $ 38,238 $ 18,825 $ 27,360 $ 17,789 * The aggregate purchase price noted above was allocated to the major categories of assets acquired and liabilities assumed at estimated fair values as of the acquisition date, which were based, in part, upon outside preliminary appraisals for certain assets and subject to change when additional information concerning final asset and liability values is obtained. The final purchase price allocations may result in adjustments to certain assets and liabilities, including the residual amount allocated to goodwill. The purchase allocations of the 2017 acquisitions, excluding Schilli and Big Freight, are not considered final as of June 30, 2018. Belmont On December 29, 2017, the Company acquired 100% of the outstanding equity interests of Belmont Enterprises, Inc. (Belmont) based in Olympia, Washington. Total consideration paid was $4.6 million in cash funded through the Company’s line of credit under the ABL Facility. The acquisition was a stock purchase, therefore the values assigned to the intangible assets and goodwill are not deductible for tax purposes. Transaction expenses incurred in the acquisition, which are not deductible for tax purposes, were immaterial. As of June 30, 2018, the valuation of identifiable intangible assets was completed resulting in assets totaling $1.7 million, consisting of trade name valued at $0.3 million, non-compete agreements valued at $0.2 million and customer relationships intangible of $1.2 million, with a corresponding decrease to goodwill. For the three months ended June 30, 2018, the change resulted in an increase in amortization expense and accumulated amortization of $0.1 million, of which $62,566 is related to the previous quarter. Additionally, goodwill and a corresponding deferred tax liability of $0.6 million was recognized based on the rates in effect on the acquisition date. The deferred tax liability was re-measured using the Tax Cuts and Jobs Act (TCJA) rates, which resulted in the recognition of a $0.4 million deferred tax benefit. Moore Freight Services On December 1, 2017, the Company acquired 100% of the outstanding equity interests of: (1) Moore Freight Service, Inc., (2) RT & L, LLC, (3) JD and Partners, LLC, (4) TM Transport and Leasing, LLC, and (5) Rand, LLC (collectively Moore Freight Services) based in Knoxville, Tennessee. Total consideration paid was $59.1 million, consisting of $35.1 million in cash and 145,129 shares of Daseke common stock valued at $1.8 million and $22.2 million of long-term debt repaid by the Company. The cash consideration was funded with cash on hand and the Term Loan Facility. The acquisition was a stock purchase, therefore the values assigned to the intangible assets and goodwill are not deductible for tax purposes. Approximately $0.6 million of transaction expenses were incurred in the acquisition, which are not deductible for tax purposes. As of June 30, 2018, the valuation of identifiable intangible assets was completed resulting in assets totaling $30.4 million, consisting of trade name valued at $3.2 million, non-compete agreements valued at $3.5 million and customer relationships intangible of $23.7 million, with a corresponding decrease to goodwill. For the three months ended June 30, 2018, the change resulted in an increase in amortization expense and accumulated amortization of $1.5 million, of which $0.9 million related to the previous quarter. Additionally, goodwill and a corresponding deferred tax liability of $11.7 million was recognized based on the rates in effect on the acquisition date. The deferred tax liability was re-measured using the TCJA rates, which resulted in the recognition of a $4.0 million deferred tax benefit. Roadmaster Group On December 1, 2017, the Company acquired 100% of the outstanding equity interests of Roadmaster Group, Inc. and subsidiaries, and Roadmaster Equipment Leasing, Inc. and all subsidiaries (collectively the Roadmaster Group) based in Phoenix, Arizona. Total consideration paid was $86.9 million, consisting of $37.5 million in cash and 3,114,247 shares of Daseke common stock valued at $39.1 million and $10.3 million of long-term debt repaid by the Company. The cash consideration was funded with cash on hand and the Term Loan Facility. The acquisition was a stock purchase, therefore the values assigned to the intangible assets and goodwill are not deductible for tax purposes. Approximately $0.6 million of transaction expenses were incurred in the acquisition, which are not deductible for tax purposes. As of June 30, 2018, the valuation of identifiable intangible assets was completed resulting in assets totaling $22.9 million, consisting of trade name valued at $12.7 million, non-compete agreements valued at $2.9 million and customer relationships intangible of $7.3 million, with a corresponding decrease to goodwill. For the three months ended June 30, 2018, the change resulted in an increase in amortization expense and accumulated amortization of $0.6 million, of which $0.3 million related to the previous quarter. Additionally, goodwill and a corresponding deferred tax liability of $8.7 million was recognized based on the rates in effect on the acquisition date. The deferred tax liability was re-measured using the TCJA rates, which resulted in the recognition of a $3.0 million deferred tax benefit. Tennessee Steel Haulers & Co. On December 1, 2017, the Company acquired 100% of the outstanding equity interests of: (1) Tennessee Steel Haulers, Inc., (2) Alabama Carriers, Inc., and (3) Fleet Movers Inc. (collectively TSH & Co.) based in Nashville, Tennessee. Total consideration paid was $91.9 million, consisting of $74.9 million in cash and 972,680 shares of Daseke common stock valued at $12.0 million and $5.0 million of long-term debt repaid by the Company. The cash consideration was funded with cash on hand and the Term Loan Facility. The acquisition was a stock purchase; therefore, the values assigned to the intangible assets and goodwill are not deductible for tax purposes. Approximately $0.5 million of transaction expenses were incurred in the acquisition, which are not deductible for tax purposes. As of June 30, 2018, the valuation of identifiable intangible assets was completed resulting in assets totaling $49.8 million, consisting of trade name valued at $21.5 million, non-compete agreements valued at $12.4 million and customer relationships intangible of $15.9 million, with a corresponding decrease to goodwill. For the three months ended June 30, 2018, the change resulted in an increase in amortization expense and accumulated amortization of $2.1 million, of which $1.2 million related to the previous quarter. Additionally, goodwill and a deferred tax liability of $19.2 million was recognized based on the rates in effect on the acquisition date. The deferred tax liability was re-measured using the TCJA rates, which resulted in the recognition of a $6.6 million deferred tax benefit. R&R Trucking Holdings, LLC On September 1, 2017, the Company acquired 100% of the outstanding stock of R&R Trucking Holdings, LLC (R&R), based in Duenweg, Missouri. Total consideration paid was $38.4 million, consisting of $24.6 million in cash and the Company assumed and repaid of $13.8 million of long-term debt. The cash consideration was funded through a delayed draw on September 1, 2017 under the Term Loan Facility. The acquisition was a stock purchase; therefore, the values assigned to the intangible assets and goodwill are not deductible for tax purposes. Approximately $0.6 million of transaction expenses were incurred in the acquisition, which are not deductible for tax purposes. The Steelman Companies On July 1, 2017, the Company acquired 100% of the outstanding stock of The Steelman Companies (Steelman), based in Springfield, Missouri, for consideration of $18.8 million, consisting of $11.2 million in cash and 746,170 shares of Daseke common stock valued at $7.6 million. The fair value of the 746,170 shares issued was determined based on the closing price of the stock on the acquisition close date. The cash consideration was funded through cash on hand. The acquisition was a stock purchase under GAAP. A Section 338(h)(10) election is being filed for certain of the entities acquired which will deem those acquisitions as an asset purchase for tax purposes, therefore approximately $14.9 million of the values assigned to the intangible assets and goodwill are expected to be deductible for tax purposes. Approximately $0.3 million of transaction expenses were incurred in the acquisition, which are not deductible for tax purposes. As of June 30, 2018, the provisional amount of goodwill was increased by $1.7 million with a corresponding increase to deferred tax liability. Schilli Transportation Services, Inc. On May 1, 2017, the Company acquired 100% of the outstanding stock of Schilli Transportation Services, Inc. and certain of its affiliates (Schilli), based in Remington, Indiana. Total consideration paid was $27.4 million, consisting of $21.0 million in cash, 232,885 shares of Daseke common stock valued at $2.3 million and $4.0 million of long-term debt refinanced by the Company. The fair value of the 232,885 shares issued was determined based on the closing price of the stock on the acquisition close date. The cash consideration was funded through a delayed draw on May 1, 2017 under the Term Loan Facility. The acquisition was a stock purchase; therefore, the values assigned to the intangible assets and goodwill are not deductible for tax purposes. Approximately $0.4 million of transaction expenses were incurred in the acquisition, which are not deductible for tax purposes. As of June 30, 2018, the provisional balance of goodwill was increased by $2.8 million for fair value adjustments to assets as of the acquisition date with a decrease to receivables of $0.9 million, held-for-sale assets of $0.3 million and fixed assets of $1.6 million. Additionally, the deferred tax liability was decreased by $0.7 million, with a corresponding decrease to goodwill. Big Freight Systems, Inc. On May 1, 2017, the Company acquired 100% of the outstanding stock of Big Freight Systems, Inc. (Big Freight), based in Steinbach, Manitoba. Total consideration paid was $16.7 million consisting of $12.4 million in cash, 109,248 shares of Daseke common stock valued at $1.1 million and the Company assumed approximately $3.2 million of outstanding debt. The fair value of the 109,248 shares issued was determined based on the closing price of the stock on the acquisition close date. Big Freight’s purchase agreement also contains an earn-out for additional cash consideration to be paid on the excess of each of 2017, 2018 and 2019’s earnings before interest, taxes, depreciation and amortization (EBITDA Amount) over 2016’s EBITDA Amount (as defined in the purchase agreement), multiplied by 0.4. A contingent liability of $1.1 million was included in the allocation of the purchase price for this earn-out. The cash consideration was funded through a delayed draw on May 1, 2017 under the Term Loan Facility and cash on hand. The acquisition was a stock purchase; therefore, the values assigned to the intangible assets and goodwill are not deductible for tax purposes. Approximately $0.6 million of transaction expenses were incurred in the acquisition, which are not deductible for tax purposes. As of June 30, 2018, the provisional amount of goodwill was increased by $0.6 million (net of a $0.3 million foreign currency translation adjustment) with a corresponding increase to deferred tax liability. Supplemental Pro Forma Information (Unaudited) The following supplemental pro forma financial information reflects the Aveda acquisition as if it occurred on January 1, 2017. This pro forma financial information has been presented for illustrative purposes only and is not necessarily indicative of the operating results that would have been achieved had the pro forma events taken place on January 1, 2017. Further, the pro forma financial information does not purport to project the future operating results of the consolidated company. Three Months Ended June 30, Six Months Ended June 30, (in millions) 2018 2017 2018 2017 Pro forma revenue $ 413.2 $ 236.1 $ 773.3 $ 427.4 Pro forma net loss $ 9.6 $ (5.1) $ 8.6 $ (15.4) Pro forma net loss per common share: Basic and Diluted $ 0.16 $ (0.13) $ 0.15 $ (0.47) For the three and six month periods ended June 30, 2018, actual revenue and net loss included in the Company’s consolidated statements of operations and comprehensive income (loss) attributable to Aveda were $15.0 million and $(0.7) million, respectively.

PREPAID AND OTHER CURRENT ASSET

PREPAID AND OTHER CURRENT ASSETS	6 Months Ended
	Jun. 30, 2018
PREPAID AND OTHER CURRENT ASSETS
PREPAID AND OTHER CURRENT ASSETS	NOTE 5 – PREPAID AND OTHER CURRENT ASSETS The components of prepaid expenses and other current assets are as follows as of June 30, 2018 and December 31, 2017 (in thousands): 2018 2017 Assets held for sale $ 14,134 $ 9,907 Insurance 6,008 7,642 Other prepaids 6,797 2,948 Licensing, permits and tolls 4,970 4,096 Highway and fuel taxes 393 1,238 Other assets 2,131 2,409 $ 34,433 $ 28,240

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS	6 Months Ended
	Jun. 30, 2018
GOODWILL AND INTANGIBLE ASSETS
GOODWILL AND INTANGIBLE ASSETS	NOTE 6 – GOODWILL AND INTANGIBLE ASSETS Goodwill represents the excess of the purchase price of all acquisitions over the estimated fair value of the net assets acquired. The Company performs an impairment test of goodwill annually as of October 1 or when impairment indicators arise. There was no goodwill impairment identified for six months ended June 30, 2018. The summary of changes in goodwill follows for the six months ended June 30, 2018 (in thousands): Flatbed Specialized Total Goodwill balance at December 31, 2017 $ 105,866 $ 196,836 $ 302,702 Goodwill acquired and adjustments to previously recorded goodwill (23,955) (14,178) (38,133) Foreign currency translation adjustment — (544) (544) Goodwill balance at June 30, 2018 $ 81,911 $ 182,114 $ 264,025 Intangible assets consisted of the following at June 30, 2018 and December 31, 2017 (in thousands): As of June 30, 2018 As of December 31, 2017 Intangible Accumulated Intangible Intangible Accumulated Intangible Assets Amortization Assets, net Assets Amortization Assets, net Non-competition agreements $ 31,290 $ (9,316) $ 21,974 $ 12,230 $ (5,765) $ 6,465 Customer relationships 117,226 (28,489) 88,737 69,090 (23,921) 45,169 Trade names 76,050 — 76,050 41,180 — 41,180 Foreign currency translation adjustment 96 — 96 306 — 306 Total intangible assets $ 224,662 $ (37,805) $ 186,857 $ 122,806 $ (29,686) $ 93,120 As of June 30, 2018, non-competition agreements and customer relationships had weighted average remaining useful lives of 3.40 and 10.64 years, respectively. Amortization expense for intangible assets with definite lives was $6.2 million and $1.4 million for the three months ended June 30, 2018 and 2017, respectively, and $8.1 million and $2.9 million for the six months ended June 30, 2018 and 2017, respectively. Projected amortization expense for the next five fiscal years ending December 31, 2018, 2019, 2020, 2021 and 2022 will be $16.6 million, $14.8 million, $13.6 million, $12.8 million and $12.1 million, respectively. During the three months ended June 30, 2018, the Company recorded an impairment charge of $2.8 million related to the trade names category of intangible assets. The trade name was impaired as a result of the reorganization and merger of two of the Company’s operating companies.

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT	6 Months Ended
	Jun. 30, 2018
PROPERTY AND EQUIPMENT.
PROPERTY AND EQUIPMENT	NOTE 7 – PROPERTY AND EQUIPMENT The components of property and equipment are as follows at June 30, 2018 and December 31, 2017 (in thousands): 2018 2017 Revenue equipment $ 618,070 $ 544,876 Buildings and improvements 53,271 53,366 Furniture and fixtures, office and computer equipment and vehicles 50,523 20,805 721,864 619,047 Accumulated depreciation (220,744) (189,408) $ 501,120 $ 429,639 Depreciation expense on property and equipment was $25.5 million and $16.2 million for the three months ended June 30, 2018 and 2017, respectively, and $48.8 million and $31.1 million for the six months ended June 30, 2018 and 2017, respectively.

SALES-TYPE LEASES

SALES-TYPE LEASES	6 Months Ended
	Jun. 30, 2018
SALES-TYPE LEASES
SALES-TYPE LEASES	NOTE 8 – SALES-TYPE LEASES The Company leases revenue equipment to certain of its owner-operators and accounts for these transactions as sales-type leases. These leases have terms of 30 to 72 months and are collateralized by a security interest in the related revenue equipment. A minimum lease receivable is recorded, net of unearned interest income and deferred gain on sale of the equipment. The gain is recognized as payments are collected, rather than in the period the lease is recorded due to the uncertainty of collection. The components of the net investment in sales-type leases are as follows at June 30, 2018 and December 31, 2017 (in thousands): 2018 2017 Minimum lease receivable $ 68,138 $ 62,587 Deferred gain (8,380) (9,352) Net minimum lease receivable 59,758 53,235 Unearned interest income (9,373) (10,432) Net investment in sales-type leases 50,385 42,803 Current portion (13,346) (10,979) $ 37,039 $ 31,824 The long-term portion of sales-type leases is classified in other long-term assets on the consolidated balance sheets at June 30, 2018 and December 31, 2017. Gain or loss on disposition of revenue equipment leased to owner-operators is included as a component of purchased freight in the consolidated statements of operations and comprehensive loss. The gains totaled approximately $0.9 million and $0.2 million for the three months ended June 30, 2018 and 2017, respectively, and $1.4 million and $0.3 million for the six months ended June 30, 2018 and 2017, respectively.

ACCRUED EXPENSES AND OTHER LIAB

ACCRUED EXPENSES AND OTHER LIABILITIES	6 Months Ended
	Jun. 30, 2018
ACCRUED EXPENSES AND OTHER LIABILITIES
ACCRUED EXPENSES AND OTHER LIABILITIES	NOTE 9 – ACCRUED EXPENSES AND OTHER LIABILITIES The components of accrued expenses and other liabilities are as follows at June 30, 2018 and December 31, 2017 (in thousands): 2018 2017 Brokerage and escorts $ 11,034 $ 6,264 Unvouchered payables 4,612 4,156 Other accrued expenses 14,410 4,977 Owner-operator deposits 8,824 8,431 Interest 469 540 Fuel 1,992 1,130 Fuel taxes 4,978 378 $ 46,319 $ 25,876

LONG-TERM DEBT

LONG-TERM DEBT	6 Months Ended
	Jun. 30, 2018
LONG-TERM DEBT.
LONG-TERM DEBT	NOTE 10 – LONG-TERM DEBT Long-term debt consists of the following at June 30, 2018 and December 31, 2017 (in thousands): 2018 2017 Line of credit $ — $ 4,561 Term loan facility 495,970 498,462 Equipment term loans 129,786 126,227 Capital leases 6,475 5,757 632,231 635,007 Less current portion (48,022) (43,056) Less unamortized debt issuance costs (16,831) (17,650) Total long-term debt $ 567,378 $ 574,301 Term Loan Facility In conjunction with the close of the Business Combination on February 27, 2017, the Company entered into the $350.0 million Term Loan Facility under a loan agreement with Credit Suisse AG, Cayman Islands Branch, as administrative agent, and the lenders party thereto. The Term Loan Facility consists of (i) a $250.0 million term loan funded on the closing date of the Term Loan Facility (the Closing Date Term Loan); and (ii) up to $100.0 million of term loans to be funded from time to time under a delayed draw feature available until February 27, 2018. The size of the Term Loan Facility could increase from time to time pursuant to an uncommitted incremental facility in an aggregate amount for all such incremental loans and commitments up to the sum of (a) $65.0 million and (b) an uncapped amount based on the maximum first lien, secured and total leverage ratio-based formulas depending upon the security and ranking of the relevant incremental facility. The proceeds from the Closing Date Term Loan were used to partially refinance certain of the Company’s capital leases, purchase money debt, equipment and real estate financings and to pay transaction costs associated with the Business Combination and refinance the Line of Credit and the Senior Term Loan. The Term Loan Facility has a scheduled maturity date of February 27, 2024. Term loans under the Term Loan Facility are, at the Company’s election from time to time, comprised of alternate base rate loans (an ABR Borrowing) or adjusted LIBOR loans (a Eurodollar Rate Borrowing), with the applicable margins of interest being an alternate base rate (subject to a 2.00% floor) plus 4.50% per annum through November 28, 2017, amended to 4.00% on that date for ABR Borrowings and LIBOR (subject to a 1.00% floor) plus 5.50% per annum through November 28, 2017, amended to 5.00% on that date for Eurodollar Rate Borrowings. At June 30, 2018, the average interest rate on the Term Loan Facility was 6.8%. On August 16, 2017, the Company obtained an amendment of the Term Loan Facility that increased the delayed draw incurrence condition relating to pro forma total leverage ratio to 4.25x from 3.5x, effective August 15, 2017 through the maturity of the delayed draw Term Loan Facility in February 2018, which enabled the Company to access $60.5 million from the delayed draw Term Loan Facility. On November 28, 2017, the Term Loan Facility was amended to provide for a $150.0 million tack-on to the existing Term Loan Facility. The Term Loan Facility is secured by all assets of the Company, except those assets collateralizing equipment and certain real estate lenders debt and subject to certain customary exceptions. As amended, on August 16, 2017, the Term Loan Facility contains a financial covenant requiring the Company to maintain a consolidated total leverage ratio as of the last day of any fiscal quarter of less than or equal to 4.25 to 1.00, stepping down to 4.00 to 1.00 on March 31, 2019 and stepping down to 3.75 to 1.00 on March 31, 2021. Additionally, as amended, the Term Loan Facility contains a pro forma total leverage ratio of less than or equal to 4.25 to 1.00 for term loans funded from the delayed draw feature. The consolidated total leverage ratio is defined as the ratio of (i) consolidated total debt minus unrestricted cash and cash equivalents and cash and cash equivalents restricted in favor of the administrative agent and the lenders, to (ii) consolidated adjusted EBITDA for the trailing 12 month period (with customary add-backs permitted to consolidated adjusted EBITDA, including in respect of synergies and cost-savings reasonably identifiable and factually supportable that are anticipated to be realized in an aggregate amount not to exceed 25% of consolidated adjusted EBITDA and subject to other customary limitations). The Term Loan Facility permits voluntary prepayments of borrowings. In certain circumstances (subject to exceptions, exclusions and, in the case of excess cash flow, step-downs described below), the Company may also be required to make an offer to prepay the Term Loan Facility if it receives proceeds as a result of certain asset sales, debt issuances, casualty or similar events of loss, or if it has excess cash flow (defined as an annual amount calculated using a customary formula based on consolidated adjusted EBITDA, including, among other things, deductions for (i) the amount of certain voluntary prepayments of the Term Loan Facility and (ii) the amount of certain capital expenditures, acquisitions, investments and restricted payments). The percentage of excess cash flow that must be applied as a mandatory prepayment is 50% with respect to the initial excess cash flow period (the fiscal year ending on December 31, 2018) and will be 50%, 25% or 0% for future excess cash flow periods depending upon the first lien leverage ratio. The Term Loan Facility contains (i) certain customary affirmative covenants that, among other things, require compliance with applicable laws, periodic financial reporting and notices of material events, payment of taxes and other obligations, maintenance of property and insurance, and provision of additional guarantees and collateral, and (ii) certain customary negative covenants that, among other things, restrict the incurrence of additional indebtedness, liens on property, sale and leaseback transactions, investments, mergers, consolidations, liquidations and dissolutions, asset sales, acquisitions, the payment of distributions, dividends, redemptions and repurchases of equity interests, transactions with affiliates, prepayments and redemptions of certain other indebtedness, burdensome agreements, holding company limitations, changes in fiscal year and modifications of organizational documents. ABL Facility Also, in conjunction with the Closing on February 27, 2017, the Company entered into a five-year, senior secured asset-based revolving line of credit with an aggregate maximum credit amount equal to $70.0 million, amended on June 15, 2018 to $100.0 million (subject to availability under a borrowing base equal to 85% of the Company’s eligible accounts receivable, 80% of the Company’s eligible unbilled accounts receivable and 50% of parts supplies) under a credit agreement with PNC Bank, National Association, as administrative agent and the lenders party thereto. As amended on June 15, 2018, the ABL Facility’s maximum credit amount was increased by $30.0 million pursuant to an uncommitted accordion. The ABL Facility also provides for the issuance of letters of credit subject to certain restrictions and a sublimit of $20 million, as defined in the credit agreement. The ABL Facility matures on February 27, 2022. As of June 30, 2018, the Company had a net debit balance of $0.2 million, $8.7 million in letters of credit outstanding, and could incur approximately $82.4 million of additional indebtedness under the ABL Facility. Borrowings under the ABL Facility bear interest at rates based upon the Company’s fixed charge coverage ratio and, at the Company’s election from time to time, either a base rate plus an applicable margin or an adjusted LIBOR rate plus an applicable margin. Margins on the ABL Facility are adjusted, if necessary to the applicable rates set forth in the following table corresponding to the fixed charge coverage ratio for the trailing 12 month period on the last day of the most recently completed fiscal quarter. Fixed Charge Coverage Ratio Base Rate Margins LIBOR Rate Margins Less than 1.25 to 1.00 2.25 % 3.25 % Greater than or equal to 1.25 to 1.00, but less than 1.50 to 1.00 1.75 % 2.75 % Greater than or equal to 1.50 to 1.00, but less than 1.75 1.25 % 2.25 % Greater than or equal to 1.75 to 1.00 0.75 % 1.75 % The ABL Facility is secured by all of the Company’s United States-based accounts receivable, parts supplies, cash and cash equivalents excluding proceeds of Term Loan Facility, securities and deposit accounts and other general assets not included in the Term Loan Facility collateral. The ABL Facility contains (i) a financial covenant similar to the consolidated total leverage ratio required under the Term Loan Facility (but, as amended on August 31, 2017, in any event requiring a leverage ratio of less than or equal to 4.25 to 1.00 for the fiscal quarter, stepping down to 3.75 to 1.00 on March 31, 2021, in the same increments as the Term Loan Facility noted above) and (ii) during any period after a default or event of default or after excess availability falling below the greater of (x) $15.0 million and (y) 20% of the maximum credit amount, continuing until such time as no default or event of default has existed and excess availability has exceeded such amounts for a period of 60 consecutive days, a financial covenant requiring the Company to maintain a minimum consolidated fixed charge coverage ratio of 1.00x, tested on a quarterly basis. The Company’s fixed charge coverage ratio is defined as the ratio of (1) consolidated adjusted EBITDA minus unfinanced capital expenditures, cash taxes and cash dividends or distributions, to (2) the sum of all funded debt payments for the four quarter period then ending (with customary add-backs permitted to consolidated adjusted EBITDA). The ABL Facility contains affirmative and negative covenants similar to those in the Term Loan Facility, together with such additional terms as are customary for a senior secured asset-based revolving credit facility. As of June 30, 2018, the Company was in compliance with all covenants contained in the Term Loan and ABL Facilities. Equipment Term Loans and Mortgages As of June 30, 2018, the Company had term loans collateralized by equipment in the aggregate amount of $125.6 million with thirty-seven (37) lenders (Equipment Term Loans). The Equipment Term Loans bear interest at rates ranging from 1.4% to 10.8%, require monthly payments of principal and interest and mature at various dates through January 2028. Certain of the Equipment Term Loans contain conditions, covenants, representations and warranties, events of default, and indemnification provisions applicable to the Company and certain of its subsidiaries that are customary for equipment financings, including, but not limited to, limitations on the incurrence of additional debt and the prepayment of existing indebtedness, certain payments (including dividends and other distributions to persons not party to its credit facility) and transfers of assets. As of June 30, 2018, the Company has a bank mortgage loan with a balance of $3.6 million incurred to finance the construction of the headquarters and terminal in Redmond, Oregon. The mortgage loan is collateralized by such property and buildings. The mortgage is payable in monthly installments of $15,776, including interest at 3.7% through November 2020. The interest rate and monthly payments will be adjusted on November 1, 2020 to a rate of 2.5%, plus the three-year advance rate published by the Federal Home Loan Bank of Seattle in effect 45 days prior to November 1, 2020 (which will not be less than 3.7%). The bank mortgage loan matures November 1, 2023. Real Estate Term Loan In April 2016, the Company refinanced $14.2 million of its Line of Credit with bank debt (Real Estate Term Loan) utilizing nine wholly-owned real estate assets which previously served as collateral on the PNC Term Loan. The Real Estate Term Loan was subordinate to the PNC Credit Agreement and Equipment Term Loans and was due in monthly installments of $59,109 (based on 20 year amortization schedule), plus applicable interest at either (a) the Libor Rate (as defined in the loan agreement), plus a margin of 2.75%, or (b) the Default Rate (as defined in the loan agreement). The Company incurred debt issuance costs of $0.4 million, which were being amortized to interest expense over five years using the straight-line method. In conjunction with the Business Combination, the Real Estate Term Loan was repaid and all unamortized debt issuance costs written off to interest expense. See Note 3 for additional details on the Business Combination. Capital Leases The Company leases certain equipment under long-term capital lease agreements that expire on various dates through May 2025. As of June 30, 2018 and December 31, 2017, the book value of the property and equipment recorded under capital leases was $5.6 million and $7.0 million, net of accumulated depreciation of $7.1 million and $5.8 million, respectively. Depreciation expense related to lease equipment was $0.7 million and $1.5 million for the three months ended June 30, 2018 and 2017, respectively, and $1.3 million and $3.0 million for the six months ended June 30, 2018 and 2017, respectively. Main Street Capital Corporation In 2013, Main Street Capital Corporation (Main Street) loaned the Company $20.0 million under a senior subordinated secured term loan (the Main Street Loan). The Main Street Loan was subordinate to the PNC Credit Agreement and Equipment Term Loans. Interest payments were due monthly through maturity at the rate of 12% per annum. Paid-in kind (PIK) interest, at a rate of 2.5% per annum, could have been paid monthly or accrued and added to the principal balance quarterly, at the option of the Company. For the six months ended June 30, 2017, $0.1 million of accrued PIK interest was added to the principal balance. In conjunction with Business Combination, the Main Street Loan was repaid in February 2017. See Note 3 for additional details on the Business Combination. Prudential Capital Partners In 2013, the Company issued senior secured subordinated promissory notes in the initial aggregate principal amount of $20.0 million (PCP Subordinated Notes) to Prudential Capital Partners IV, L.P., Prudential Capital Partners (Parallel Fund) IV, L.P. and Prudential Capital Partners Management Fund IV, L.P. (collectively, the PCP Investors) pursuant to the Securities Purchase Agreement, dated as of November 12, 2013, by and among the Company, certain of its subsidiaries and the PCP Investors. The PCP Subordinated Notes were subordinate to the PNC Credit Agreement and Equipment Term Loans. Interest payments were due monthly through maturity at the rate of 12% per annum. PIK interest, at a rate of 2.5% per annum, could have been paid monthly or accrued and added to the principal balance quarterly, at the option of the Company. For the six months ended June 30, 2017, $0.1 million of accrued PIK interest was added to the principal balance. In conjunction with Business Combination, the PCP Subordinated Notes were repaid in February 2017. See Note 3 for additional details on the Business Combination. The Main Street Loan and the PCP Subordinated Notes (Subordinated Debt) were collateralized by all assets of the Company, except those assets collateralizing the Equipment Term Loans. The Main Street Loan and the PCP Subordinated Notes contained certain financial covenants, including a minimum fixed charge coverage ratio, a senior secured debt to consolidated EBITDA ratio and a funded debt to consolidated EBITDA ratio. Additionally, they contained negative covenants limiting, among other things, additional indebtedness, capital expenditures, transactions with affiliates, additional liens, sales of assets, dividends, investments and advances, prepayments of debt, mergers and acquisitions, and other matters customarily restricted in such agreements. The Main Street Loan and the PCP Subordinated Notes were subject to a make-whole payment of 5.0% of the prepayment amount if such prepayment was made before the third anniversary of the agreements. LST Seller As part of the consideration paid to the seller of Lone Star Transportation, LLC and affiliates (LST), Daseke Lone Star, Inc. (a subsidiary of the Company) issued $22.0 million of subordinated notes (the LST Seller Notes). The LST Seller Notes bore interest at 10% payable monthly and were subordinate to the PNC Credit Agreement, Main Street Loan and PCP Subordinated Notes. In conjunction with the Business Combination, the LST Seller Notes were repaid in February 2017. See Note 3 for additional details on the Business Combination. DTR Sellers As part of the consideration paid to the sellers of Davenport Transport & Rigging, LLC, LST issued $1.0 million of subordinated notes (the DTR Seller Notes). The DTR Seller Notes bore interest at 5% payable monthly and were subordinate to the PNC Credit Agreement, Main Street Loan and PCP Subordinated Notes. In conjunction with Business Combination, the DTR Seller Notes were repaid in February 2017. See Note 3 for additional details on the Business Combination. BHE Sellers As part of the consideration paid to the sellers of Bulldog Hiway Express (BHE), the Company issued $2.0 million of subordinated notes (the BHE Seller Notes). The BHE Seller Notes bore interest at 7% payable monthly. On December 19, 2016, a portion of the outstanding principal amount under the BHE Seller Notes was forgiven in exchange for the payment by the Company of certain pension liabilities of BHE. The BHE Seller Notes were subordinate to the PNC Credit Agreement and the Main Street Loan and the PCP Subordinated Notes. In conjunction with Business Combination, the BHE Seller Notes were repaid in February 2017. See Note 3 for additional details on the Business Combination. Future Payments Future principal payments on long-term debt as of June 30, 2018 are as follows (in thousands): Term Loan Facility Equipment Term Loans Capital Total 2018 $ 4,985 $ 41,092 $ 2,314 $ 48,391 2019 2,500 34,081 1,755 38,336 2020 2,500 23,716 916 27,132 2021 2,500 14,610 869 17,979 2022 2,500 10,207 501 13,208 Thereafter 480,985 6,080 727 487,792 Total minimum lease payments 7,082 Loan amount attributable to interest (607) (607) Total (Present value of minimum lease payments on capital leases) $ 495,970 $ 129,786 6,475 $ 632,231 Less current portion (1,945) Long-term capital leases $ 4,530

INCOME TAXES

INCOME TAXES	6 Months Ended
	Jun. 30, 2018
INCOME TAXES
INCOME TAXES	NOTE 11 – INCOME TAXES The On December 22, 2017, the United States government enacted the TCJA comprehensive tax reform legislation. Effective January 2018, the TCJA, among other things, reduces the marginal United States corporate income tax rate from 35% to 21%, limits the deductibility of interest expenses, limits the deduction for net operating losses, eliminates net operating loss carrybacks and modifies or eliminates many business deductions and credits. The TCJA also includes international provisions, which generally establish a territorial-style system for taxing foreign source income of domestic multinational corporations and imposes a mandatory one-time transition tax on undistributed international earnings. For year-end 2017, the Company recorded provisional amounts for the impacts of the new tax law including: the re-measurement of deferred tax assets and liabilities, estimated stock compensation and 162(m) limitations and unremitted foreign earnings. The Company considers it likely that further technical guidance regarding certain components of the new provisions included in the TCJA, as well as clarity regarding state income tax conformity to current federal tax code, may be issued. There were no changes in uncertain tax positions during the six months ended June 30, 2018.

STOCKHOLDERS_ EQUITY

STOCKHOLDERS’ EQUITY	6 Months Ended
	Jun. 30, 2018
STOCKHOLDERS’ EQUITY
STOCKHOLDERS’ EQUITY	NOTE 12 – STOCKHOLDERS’ EQUITY Common Stock Common stock has voting rights – one vote for each share of common stock. On September 19, 2017, the Company and certain stockholders of the Company entered into an underwriting agreement with Stifel, Nicolaus & Company, Incorporated and Cowen and Company, LLC, as representatives of the several underwriters named therein, in connection with an underwritten public offering of 5,292,000 shares of the Company’s common stock, at a price to the public of $12.00 per share. Pursuant to the Underwriting Agreement, the Company granted the underwriters a 30-day option to purchase up to an additional 793,800 shares of common stock, which was exercised in full on September 20, 2017 and closed simultaneously with the offering on September 22, 2017. Net proceeds received by the Company were approximately $63.6 million, after deducting underwriting discounts and commissions and estimated offering expenses payable by the Company. The Company intends to use the net proceeds from the Offering for general corporate purposes, which may include, among other things, working capital, capital expenditures, debt repayment or refinancing or the financing of possible future acquisitions. On February 14, 2018, the Company and one of the Company’s stockholders entered into an underwriting agreement with Cowen and Company, LLC and Stifel, Nicolaus & Company, Incorporated, as representatives of the several underwriters named therein, in connection with an underwritten public offering of 7,500,000 shares of the Company’s common stock, at a price to the public of $10.60 per share. Pursuant to the underwriting agreement, the Company granted the underwriters a 30-day option to purchase up to an additional 1,125,000 shares of common stock, which was exercised in full on February 16, 2018 and closed simultaneously with the offering on February 20, 2018. Net proceeds received by the Company were approximately $84.6 million, after deducting underwriting discounts and commissions and estimated offering expenses payable by the Company. The Company intends to use the net proceeds from the offering for general corporate purposes, which may include, among other things, working capital, capital expenditures, debt repayment or refinancing or the financing of possible future acquisitions. On June 1, 2018, after having met the earnout provisions contained in the Merger Agreement, the Company issued 5,000,000 shares of the Company’s common stock, par value $0.0001 per share, pro rata among the Private Daseke Stockholders (Earnout Shares). The Earnout Shares were issued in reliance upon an exemption from the registration requirements of the Securities Act of 1933, as amended (the Securities Act), pursuant to Section 4(a)(2) thereof, which exempts transactions by an issuer not involving any public offering on the basis that the securities were offered and sold in a non-public offering to “accredited investors” (as defined in Rule 501(a) of Regulation D under the Securities Act). Private Daseke engaged a purchaser representative to serve as the purchaser representative for two Private Daseke Stockholders who were not “accredited investors,” which purchaser representative met all of the conditions set forth in Rule 501(i) of Regulation D, as required to comply with applicable federal securities laws in connection with the issuance of shares of the Company’s common stock to these two Private Daseke Stockholders pursuant to the Merger Agreement. On June 6, 2018, as part of the consideration paid for the Aveda acquisition, the Company issued 1,612,979 shares of Daseke common stock valued at $15.4 million. See Note 4 for additional details about the Aveda acquisition. As of June 30, 2018, the Company has approximately 1.5 million shares of common stock reserved for future issuances of stock options and restricted stock units under the Company’s 2017 Omnibus Incentive Plan. See Note 13 for additional details about the Company’s stock-based compensation plan. Preferred Stock At the Closing, the Company issued 650,000 shares of Series A Preferred Stock for cash of $65.0 million. Proceeds from the sales were part of the consideration received as part of a recapitalization and reverse acquisition completed in the Business Combination. See Note 3 for additional details about the Business Combination. The par value of Series A Preferred Stock is $0.0001 per share. Additional features of this preferred stock are as follows: Under the Certificate of Designations, Preferences, Rights and Limitations of the Series A Preferred Stock (the Certificate of Designations), each share of Series A Preferred Stock will be convertible, at the holder’s option at any time, initially into approximately 8.6957 shares of the Company’s common stock (assuming a conversion price of approximately $11.50 per share), subject to specified adjustments as set forth in the Certificate of Designations. If any holder elects to convert its Series A Preferred Stock after the seven-year anniversary of the issue date, if the then-current Conversion Price (as defined in the Certificate of Designations) exceeds the Weighted Average Price (as defined in the Certificate of Designations) for the common stock during any ten consecutive Trading Days (as defined in the Certificate of Designations), at its option by delivery of a Notice of Conversion in accordance with Section 8(b) of the Certificate of Designations no later than five business days following such tenth consecutive Trading Day, to convert any or all of such holder’s shares of Series A Preferred Stock into, at the Company’s sole discretion, either common stock, cash or a combination of common stock and cash; provided, that the Company shall provide such converting holder notice of its election within two Trading Days of receipt of the Notice of Conversion; provided further, that in the event the Company elects to issue common stock for all or a portion of such conversion, the Conversion Rate for such conversion (subject to the limitations set forth in Section 11 of the Certificate of Designations) shall mean the quotient of the Liquidation Preference (as defined in the Certificate of Designations) divided by the average Weighted Average Price for the common stock during the 20 consecutive Trading Days commencing on the Trading Day immediately following the Trading Day on which the Company provided such notice. If the Company does not elect a settlement method prior to the deadline set forth in the Certificate of Designations, the Company shall be deemed to have elected to settle the conversion entirely in common stock. Based on the assumed conversion rate, a total of 5,652,173 shares of common stock would be issuable upon conversion of all of the currently outstanding shares of Series A Preferred Stock. On or after the third anniversary of the initial issuance date but prior to the fifth anniversary of the initial issuance date, the Company will have the right, at its option, to give notice of its election to cause all outstanding shares of the Series A Preferred Stock to be automatically converted into shares of the Company’s common stock at the then-effective conversion rate, if the Weighted Average Price of Company’s common stock equals or exceeds 140% of the then-current conversion price for at least 20 trading days (whether or not consecutive) in a period of 30 consecutive trading days. On or after the fifth anniversary of the initial issuance date but prior to the seventh anniversary of the initial issuance date, the Company will have the right, at its option, to give notice of its election to cause all outstanding shares of the Series A Preferred Stock to be automatically converted into shares of Company’s common stock at the then-effective conversion rate, if the Weighted Average Price of Company’s common stock equals or exceeds 115% of the then-current conversion price for at least 20 trading days (whether or not consecutive) in a period of 30 consecutive trading days. On or after the seventh anniversary of the initial issuance date, the Company will have the right, at its option, to give notice of its election to cause all outstanding shares of the Series A Preferred Stock to be automatically converted into shares of Company’s common stock at the then-effective conversion rate, if the Weighted Average Price of Company’s common stock equals or exceeds the then-current conversion price for at least 10 consecutive trading days. If the Company undergoes certain fundamental changes (as more fully described in the Certificate of Designations but including, among other things, certain change-in-control transactions, recapitalizations, asset sales and liquidation events), each outstanding share of Series A Preferred Stock may, within 15 days following the effective date of such fundamental change and at the election of the holder, be converted into Company’s common stock at a conversion rate (subject to certain adjustments) equal to (i) the greater of (A) the sum of the conversion rate on the effective date of such fundamental change plus the additional shares received by holders of Series A Preferred Stock following such fundamental change (as set forth in the Certificate of Designations) and (B) the quotient of (x) $100.00, divided by (y) the greater of (1) the applicable holder stock price and (2) 66 2/3% of the closing sale price of the Company’s common stock on the issue date plus (ii) the number of shares of Company’s common stock that would be issued if any and all accumulated and unpaid dividends were paid in shares of Company’s common stock. The Series A Preferred Stock contains limitations that prevent the holders thereof from acquiring shares of the Company’s common stock upon conversion that would result in (i) the number of shares beneficially owned by such holder and its affiliates exceeding 9.99% of the total number of shares of the Company’s common stock then outstanding or (ii) the Series A Preferred Stock being converted into more than 19.99% of the shares of the Company’s common stock outstanding on the initial issue date of the Series A Preferred Stock (subject to appropriate adjustment in the event of a stock split, stock dividend, combination or other similar recapitalization) without, in the latter instance, stockholder approval of such issuance. Additional features of the Series A Preferred Stock are as follows: a. Liquidation – In the event of liquidation, holders of Series A Preferred Stock have preferential rights to liquidation payments over holders of common stock. Holders of Series A Preferred Stock shall be paid out of the assets of the Company at an amount equal to $100 per share plus all accumulated and unpaid dividends. b. Dividends – Dividends on the Series A Preferred Stock are cumulative at the Dividend Rate. The “Dividend Rate” is the rate per annum of 7.625% per share of Series A Preferred Stock on the liquidation preference ($100 per share). Dividends are payable quarterly in arrears in cash or, at the Company’s election and subject to the receipt of the necessary shareholder approval (to the extent necessary), in shares of the Company’s common stock. Quarterly dividends of $0.68 per share were declared on April 24, 2017, which were paid on July 28, 2017. On February 27, 2018 the Company’s board of directors declared a quarterly dividend of $1.91 per share, which was paid on March 15, 2018. On May 22, 2018, the Company’s board of directors declared a second quarterly dividend of $1.91 per share, which was paid on June 20, 2018. c. Voting rights – Except as required by Delaware law, holders of the Series A Preferred Stock will have no voting rights except with respect to the approval of any material and adverse amendment to the Company’s certificate of incorporation, and certain significant holders of Series A Preferred Stock may have approval rights with respect to certain key economic terms of the Series A Preferred Stock, as set forth in the Certificate of Designations. In February 2017, in connection with, and immediately prior to, the Closing, 64,500 shares of issued and outstanding Series B Preferred Stock were converted into 9,301,150 shares of Private Daseke’s common stock. Private Daseke’s board of directors had declared a quarterly dividend on the Series B Preferred Stock of $12.50 per share on February 21, 2017, which was paid on February 27, 2017. Warrants At June 30, 2018, there were a total of 35,040,658 warrants outstanding to purchase 17,520,329 shares of the Company’s common stock. Hennessy has issued warrants to purchase its common stock which were originally issued as part of units in the IPO (the Public Warrants). There are 19,959,902 Public Warrants outstanding. Hennessy has also issued 15,080,756 warrants (the Private Placement Warrants) to Sponsor in a private placement that closed simultaneously with the consummation of the IPO. Each warrant entitles the registered holder to purchase one-half of one share of the Company’s common stock at a price of $5.75 per one-half of one share ($11.50 per whole share), subject to adjustment. The warrants may be exercised only for a whole number of shares of the Company’s common stock. No fractional shares will be issued upon exercise of the warrants. The warrants will expire on February 27, 2022, five years after the completion of the Business Combination, or earlier upon redemption or liquidation. The warrants are listed on the NASDAQ market under the symbol DSKEW. The Company may call the Public Warrants for redemption at a price of $0.01 per warrant if, and only if, the reported last sale price of the Company’s common stock equals or exceeds $24.00 per share for any 20 trading days within a 30-trading day period ending on the third trading day prior to the date the Company sends the notice of redemption to the Public Warrant holders.

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	6 Months Ended
	Jun. 30, 2018
STOCK-BASED COMPENSATION
STOCK-BASED COMPENSATION	NOTE 13 – STOCK-BASED COMPENSATION On February 27, 2017, the Company and Hennessy’s common stockholders approved the 2017 Omnibus Incentive Plan (the Plan), whereby the Company may grant awards of stock options, stock appreciation rights, restricted stock, restricted stock units, other stock-based awards and performance awards. Under the Plan, the Company is authorized to issue up to 4.5 million shares of common stock. All awards granted were authorized under the Plan. Stock Options The following table summarizes stock option grants under the Plan from February 27, 2017 through June 30, 2018: Grantee Type # of Issued and Vesting Weighted Weighted Average Director Group 150,000 145,000 5 years $ 9.98 $ 632,200 Employee Group 1,767,495 1,713,289 5 years $ 10.51 $ 7,829,731 Total 1,858,289 The Company’s calculations of the fair value of stock options granted through June 30, 2018 were made using the Black-Scholes option-pricing model. The fair value of the Company’s stock option grants was estimated utilizing the following assumptions as of June 30, 2018: Weighted average expected life 6.5 years Risk-free interest rate 2.28% to 2.63% Expected volatility 37.6% to 39.9% Expected dividend yield 0.00% Since the Company does not have a sufficient history of exercise behavior, expected term is calculated using the assumption that the options will be exercised ratably from the date of vesting to the end of the contractual term for each vesting tranche of awards. Risk-free interest rate is based on the United States Treasury yield curve for the period of the expected term of the stock option. Expected volatility is calculated using an index of publicly traded peer companies. A summary of option activity under the Plan as of June 30, 2018 and changes during the six months then ended are as follows: Shares Weighted Weighted Aggregate Outstanding as of January 1, 2018 1,655,995 $ 10.36 9.3 $ 6,505 Granted 253,000 11.20 10.0 — Exercised (5,000) 9.98 — — Forfeited or expired (45,706) 10.44 — — Outstanding as of June 30, 2018 1,858,289 10.48 8.9 33 Exercisable as of June 30, 2018 $ 9.98 8.7 $ 2 The stock options’ maximum contract term is ten years. Restricted Stock Units Restricted stock units are nontransferable until vested and the holders are entitled to receive dividends with respect to the non-vested units. Prior to vesting, the grantees of restricted stock units are not entitled to vote the shares. Restricted stock unit awards vest in equal annual increments over the vesting period. The following table summarizes restricted stock unit grants under the Plan from June 1, 2017 through June 30, 2018: Grantee Type # of Issued and Outstanding Vesting Grant Date Employee Group 1,569,371 995,751 5 years $ 16,619,639 All stock-based compensation cost is measured at the grant date, based on the estimated fair value of the award, and is recognized on a straight-line basis as expense over the employees’ requisite service period. Forfeitures will be recorded as a cumulative adjustment to stock-based compensation expense in the period forfeitures are incurred. A summary of restricted stock unit awards activity under the Plan as of June 30, 2018 and changes during the six months then ended are as follows: Units Weighted Outstanding as of January 1, 2018 763,591 $ 9.98 Granted 560,503 11.66 Exercised (105,733) 9.36 Forfeited (222,610) 11.54 Outstanding as of June 30, 2018 995,751 $ 10.64 Aggregate stock-based compensation expense, net of forfeitures, was $0.9 million and $0.5 million during the three months ended June 30, 2018 and 2017, respectively, and $1.8 million and $0.5 million during the six months ended June 30, 2018 and 2017, respectively. These expenses are included as a component of salaries, wages and employee benefits on the accompanying consolidated statements of operations and comprehensive loss. As of June 30, 2018, there was $6.6 million and $9.9 million of unrecognized stock-based compensation expense related to stock options and restricted stock units, respectively. This expense will be recognized over the weighted average periods of 4.0 years for stock options and 4.3 years for restricted stock units.

DEFINED CONTRIBUTION PLAN

DEFINED CONTRIBUTION PLAN	6 Months Ended
	Jun. 30, 2018
DEFINED CONTRIBUTION PLAN
DEFINED CONTRIBUTION PLAN	NOTE 14 – DEFINED CONTRIBUTION PLAN On January 1, 2015, the Company established the Daseke, Inc. 401(k) Retirement Plan (the Retirement Plan). The Retirement Plan is a defined contribution plan and intended to qualify under The Employee Retirement Income Security Act of 1974 (ERISA) provisions of 401(k). Under the safe harbor matching requirements, the Company had expenses of $1.1 million and $0.6 million for the three months ended June 30, 2018 and 2017, respectively and $1.9 million and $1.2 million for the six months ended June 30, 2018 and 2017, respectively. The Company sponsors defined contribution profit-sharing plans, including 401(k) provisions for substantially all employees of acquired companies whose plans have not been merged into the Retirement Plan at June 30, 2018. Matching contributions for 401(k) defined contribution plans not yet merged into the Retirement Plan totaled approximately $0.1 million and $0.2 million for the three and six months ended June 30, 2018, respectively, with no such contributions for the three or six months ended June 30, 2017.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Jun. 30, 2018
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES	NOTE 15 – COMMITMENTS AND CONTINGENCIES Operating Leases The Company leases certain office building facilities, terminal locations and revenue equipment under non-cancelable operating leases. Certain of the Company’s operating lease agreements contain provisions for future rent increases, free rent periods or periods in which rent payments are reduced (abated). The total amount of rent payments due over the lease terms are charged to rent expense on the straight-line, undiscounted method over the lease terms. Building and terminal rent expense under operating leases was $3.0 million and $1.6 million for the three months ended June 30, 2018 and 2017, respectively, and $5.7 million and $2.4 million for the six months ended June 30, 2018 and 2017, respectively. Tractor, trailer and other revenue equipment rent expense under operating leases was $4.6 million and $4.1 million for the three months ended June 30, 2018 and 2017, respectively, and $9.0 million and $7.9 million for the six months ended June 30, 2018 and 2017, respectively. Letters of Credit The Company had outstanding letters of credit at June 30, 2018 totaling approximately $10.6 million, including those disclosed in Note 10. These letters of credit cover liability insurance claims. Contingencies The Company is involved in certain claims and pending litigation arising in the normal course of business. These proceedings primarily involve claims for personal injury or property damage incurred in the transportation of freight or for personnel matters. The Company maintains liability insurance to cover liabilities arising from these matters but is responsible to pay self-insurance and deductibles on such matters up to a certain threshold before the insurance is applied.

REPORTABLE SEGMENTS

REPORTABLE SEGMENTS	6 Months Ended
	Jun. 30, 2018
REPORTABLE SEGMENTS
REPORTABLE SEGMENTS	NOTE 16 – REPORTABLE SEGMENTS The Company evaluates the performance of the segments primarily based on their respective revenues and operating income. Accordingly, interest expense and other non-operating items are not reported in segment results. In addition, the Company has disclosed a corporate segment, which is not an operating segment and includes acquisition transaction expenses, corporate salaries, interest expense and other corporate administrative expenses and intersegment eliminations. The Company’s operating segments also provide transportation and related services for one another. Such services are generally billed at cost, and no profit is earned. Such intersegment revenues and expenses are eliminated in the Company’s consolidated results. Intersegment revenues and expenses for the Flatbed Solutions segment totaled $1.3 million and $0.7 million for the three months ended June 30, 2018 and 2017, respectively, and $2.1 million and $1.7 million for the six months ended June 30, 2018 and 2017, respectively. Intersegment revenues and expenses for the Specialized Solutions segment totaled $2.4 million and $0.8 million for the three months ended June 30, 2018 and 2017, respectively, and $3.9 million and $1.4 million for the six months ended June 30, 2018 and 2017, respectively. The following tables reflect certain financial data of the Company’s reportable segments for the three and six months ended June 30, 2018 and 2017 (in thousands): Flatbed Specialized Solutions Solutions Corporate/ Consolidated Segment Segment Eliminations Total Three Months Ended June 30, 2018 Total revenue $ 162,179 $ 218,358 $ (3,638) $ 376,899 Operating income (loss) 9,269 7,106 (7,867) 8,508 Depreciation 6,726 18,776 25 25,527 Amortization of intangible assets 2,508 3,731 — 6,239 Interest expense 1,957 2,729 6,384 11,070 Income (loss) before income tax 7,436 4,551 (13,048) (1,061) Total assets 409,537 857,264 57,301 1,324,102 Capital expenditures 1,865 21,459 219 23,543 Three Months Ended June 30, 2017 Total revenue $ 86,898 $ 111,985 $ (1,560) $ 197,323 Operating income (loss) 6,322 4,589 (6,447) 4,464 Depreciation 6,823 9,334 39 16,196 Amortization of intangible assets 437 1,005 — 1,442 Interest expense 1,722 1,838 2,984 6,544 Income (loss) before income tax 4,623 2,852 (9,398) (1,923) Total assets 276,726 382,679 35,590 694,995 Capital expenditures 138 5,150 24 5,312 Flatbed Specialized Solutions Solutions Corporate/ Consolidated Segment Segment Eliminations Total Six Months Ended June 30, 2018 Total revenue $ 307,187 $ 403,246 $ (5,953) $ 704,480 Operating income (loss) 16,232 12,251 (12,218) 16,265 Depreciation 13,669 35,090 56 48,815 Amortization of intangible assets 2,945 5,188 — 8,133 Interest expense 3,805 5,234 12,368 21,407 Income (loss) before income tax 12,632 8,176 (23,049) (2,241) Capital expenditures 2,396 28,317 410 31,123 Six Months Ended June 30, 2017 Total revenue $ 168,202 $ 192,658 $ (3,103) $ 357,757 Operating income (loss) 10,201 5,596 (12,181) 3,616 Depreciation 13,905 17,086 78 31,069 Amortization of intangible assets 874 2,010 — 2,884 Interest expense 3,486 3,694 5,260 12,440 Income (loss) before income tax 6,728 1,943 (21,109) (12,438) Capital expenditures 224 6,534 48 6,806

EARNINGS PER SHARE

EARNINGS PER SHARE	6 Months Ended
	Jun. 30, 2018
EARNINGS PER SHARE
EARNINGS PER SHARE	NOTE 17 – EARNINGS PER SHARE Three Months Ended Six Months Ended June 30, June 30, (in thousands, except per share data) 2018 2017 2018 2017 Numerator: Net income (loss) $ 13,485 $ (4,107) $ 12,688 $ (11,852) Less Series A preferred dividends (1,239) (1,693) (2,478) (1,694) Less Series B preferred dividends — — — (806) Allocation of earnings to nonvested participating restricted stock units (222) — (182) — Numerator for basic and diluted EPS $ 12,024 $ (5,800) $ 10,028 $ (14,352) Denominator: Weighted-average shares outstanding 59,460 37,945 56,902 32,469 Weighted average nonvested participating restricted stock units 1,099 - 1,034 - Denominator for basic and diluted EPS – weighted-average shares 60,559 37,945 57,936 32,469 Basic and diluted EPS $ 0.20 $ (0.15) $ 0.17 $ (0.44)

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended
	Jun. 30, 2018
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS	NOTE 18 – SUBSEQUENT EVENTS On August 1, 2018, the Company acquired all of the outstanding shares of Builders Transportation (Builders) based in Memphis, Tennessee for total consideration of $53.8 million, consisting of $32.9 million in cash, 399,530 shares of Daseke common stock valued at $3.4 million and the assumption of $17.5 million of debt. Builders transports metals and building materials, expanding the Flatbed Segment. On July 1 and August 1, 2018, the Company closed two acquisitions to acquire 100% of the outstanding shares of the entities for aggregate consideration of $31.6 million, consisting of $20.1 million in cash and 95,803 shares of Daseke common stock valued at $0.9 million. Additionally, approximately $10.6 million of debt and capital lease obligations was assumed. These two acquisitions expand operations in the northwest United States and Canada, in the Specialized Segment.

NATURE OF OPERATIONS AND SUMM26

NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2018
NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Nature of Operations	Nature of Operations The registrant was originally formed in April 2015 as a special purpose acquisition company (SPAC) under the name Hennessy Capital Acquisition Corp. II (Hennessy). As a SPAC, Hennessy had no operations and its purpose was to go public with the intention of merging with or acquiring an operating company with the proceeds of the SPAC’s initial public offering (the IPO). On February 27, 2017, Hennessy consummated the Business Combination (as defined and described in Note 3) with Daseke, Inc. Upon consummation of the Business Combination, Daseke, Inc. changed its name to Daseke Companies, Inc. and Hennessy changed its name to Daseke, Inc. Daseke, Inc. was formed in December 2008 and began operations on January 1, 2009. Daseke is engaged in full service open-deck trucking that specializes primarily in flatbed truckload and heavy haul transportation of specialized items throughout the United States, Canada and Mexico. The Company also provides logistical planning and warehousing services to customers. The Company is subject to regulation by the Department of Transportation, the Department of Defense, the Department of Energy and various state regulatory authorities. Unless expressly stated otherwise, references to the Company or Daseke refers to Daseke, Inc. and its wholly owned subsidiaries, Hennessy refers to the registrant prior to the closing of the Business Combination, and Private Daseke refers to Daseke, Inc. and its subsidiaries prior to the closing of the Business Combination.
Basis of Presentation	Basis of Presentation These interim consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (GAAP) for interim financial information and with the instructions for Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the three and six month periods ended June 30, 2018 are not necessarily indicative of the results that may be expected for the year ended December 31, 2018. The consolidated balance sheet as of December 31, 2017 has been derived from the audited consolidated financial statements at that date. For additional information, including the Company’s significant accounting policies, refer to the consolidated financial statements and related footnotes for the year ended December 31, 2017 as set forth in the Company’s Current Report on Form 10-K, filed with the SEC on March 16, 2018.
Principles of Consolidation	Principles of Consolidation The consolidated financial statements include the accounts of Daseke, Inc. and its wholly owned subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation.
Use of Estimates	Use of Estimates The preparation of the consolidated financial statements in accordance with GAAP requires management to make estimates and assumptions that affect 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 revenues and expenses during the reporting period. Actual results could differ from those estimates.
Deferred Financing Fees	Deferred Financing Fees In conjunction with obtaining long-term debt, the Company incurred financing costs which are being amortized using the straight line method, which approximates the effective interest rate method, over the terms of the obligations. As of June 30, 2018 and December 31, 2017, the balance of deferred finance charges was $16.8 million and $17.7 million, respectively, which is included as a reduction of long-term debt, net of current portion in the consolidated balance sheets. Amortization expense was $0.8 million and $0.5 million for the three months ended June 30, 2018 and 2017, respectively, and $1.5 million and $0.8 million for the six months ended June 30, 2018 and 2017, respectively, which is included in interest expense. In February 2017, in conjunction with new term loan financing, as amended, discussed in Note 10, the Company incurred deferred financing costs of $14.2 million and an additional $4.8 million in November 2017 related to the tack-on loan. Unamortized deferred financing fees totaling $3.9 million were expensed as a result of the new term loan financing.
Fair Value Measurements	Fair Value Measurements The Company follows the accounting guidance for fair value measurements of financial assets and financial liabilities and for fair value measurements of nonfinancial items that are recognized or disclosed at fair value in the financial statements on a recurring basis. Fair value guidance 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. It also establishes a framework for measuring fair value and expands disclosures about fair value measurements. The three levels of the fair value framework are as follows: Level 1 - Quoted market prices in active markets for identical assets or liabilities. Level 2 - Observable market-based inputs or unobservable inputs that are corroborated by market data. Level 3 - Unobservable inputs reflecting the reporting entity’s own assumptions or external inputs from inactive markets. A financial asset or liability’s classification within the framework is determined based on the lowest level of input that is significant to the fair value measurement. The fair value of the Company’s interest rate swaps is determined using cash flow computer models with unobservable inputs, therefore the liability for interest rate swaps is classified within Level 3 of the fair value framework. In conjunction with the Business Combination discussed in Note 3, the Company’s lone interest rate swap was terminated. The table below is a summary of the changes in the fair value of this liability for the six months ended June 30, 2017 (in thousands): 2017 Balance at January 1, 2017 $ (52) Change in fair value 52 Balance at June 30, 2017 $ —
Stock-Based Compensation	Stock-Based Compensation Awards of equity instruments issued to employees and directors are accounted for under the fair value method of accounting and recognized in the consolidated statements of operations and comprehensive loss. Compensation cost is measured for all stock-based awards at fair value on the date of grant and recognized using the straight-line method over the service period over which the awards are expected to vest. Fair value of all time-vested options as of the date of grant is estimated using the Black-Scholes option valuation model, which was developed for use in estimating the fair value of traded options that have no vesting restrictions and are fully transferable. Option valuation models require the input of highly subjective assumptions, including the expected stock price volatility. Since the Company does not have a sufficient history of exercise behavior, expected term is calculated using the assumption that the options will be exercised ratably from the date of vesting to the end of the contractual term for each vesting tranche of awards. The risk-free interest rate is based on the United States Treasury yield curve for the period of the expected term of the stock option. Expected volatility is calculated using an index of publicly traded peer companies. Fair values of nonvested stock awards (restricted stock units) are equal to the market value of the common stock on the date of the award with compensation costs amortized over the vesting period of the award.
Segment Reporting	Segment Reporting The Company determines its operating segments based on the information utilized by the chief operating decision maker to allocate resources and assess performance. Based on this information, the Company has determined it has 16 operating segments as of June 30, 2018 and ten operating segments as of June 30, 2017 that are aggregated into two reportable segments: Flatbed Solutions, which delivers its services using primarily flatbed transportation equipment to meet the needs of high-volume, time-sensitive shippers, and Specialized Solutions, which delivers transportation and logistics solutions for super heavy haul, high-value customized and over-dimensional loads, many of which require engineering and customized equipment.
Earnings (Loss) Per Share	Earnings (Loss) Per Share Basic earnings (loss) per common share is calculated by dividing net income (loss) attributable to common stockholders by the weighted average number of shares of common stock outstanding during the period. Diluted earnings (loss) per share reflect the potential dilution of earnings per share that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the Company’s earnings (loss). For the three and six months ended June 30, 2018 and 2017, shares of the Company’s 7.625% Series A Convertible Cumulative Preferred Stock (Series A Preferred Stock) were not included in the computation of diluted loss per share as their effects were anti-dilutive. Additionally, for the three and six months ended June 30, 2018 and 2017, there was no dilutive effect from the Merger Agreement earn-out provision (see Note 3) or the outstanding warrants to purchase shares of the Company’s common stock (the common stock purchase warrants). For the three and six months ended June 30, 2017, shares of Private Daseke’s Series B Convertible Preferred Stock (Series B Preferred Stock) were not included in the computation of diluted loss per share as their effects were anti-dilutive.
Common Stock Purchase Warrants	Common Stock Purchase Warrants The Company accounts for the issuance of common stock purchase warrants in connection with equity offerings in accordance with the provisions of the Accounting Standards Codification (ASC) 815, Derivatives and Hedging (Topic 815). The Company classifies as equity any contracts that (i) require physical settlement or net-share settlement or (ii) gives the Company a choice of net-cash settlement or settlement in its own shares (physical settlement or net-share settlement). The Company classifies as assets or liabilities any contracts that (i) require net-cash settlement (including a requirement to net-cash settle the contract if an event occurs and if that event is outside the control of the Company) or (ii) gives the counterparty a choice of net-cash settlement or settlement in shares (physical settlement or net-share settlement). See Note 12 for additional details on the common stock purchase warrants. The Company assessed the classification of its common stock purchase warrants and determined that such instruments meet the criteria for equity classification at the time of issuance.
Foreign Currency Gains and Losses	Foreign Currency Gains and Losses The local currency is the functional currency for the Company’s operations in Canada. For these operations, assets and liabilities are translated at the rates of exchange on the consolidated balance sheet date, while income and expense items are translated at average rates of exchange during the period. The resulting gains or losses arising from the translation of accounts from the functional currency into United States dollars are included as a separate component of stockholders’ equity in accumulated other comprehensive loss until a partial or complete liquidation of the Company’s net investment in the foreign operation. From time to time, the Company’s foreign operations may enter into transactions that are denominated in a currency other than their functional currency (United States dollars). These transactions are initially recorded in the functional currency of the operating company based on the applicable exchange rate in effect on the date of the transaction. Monthly, these transactions are remeasured to an equivalent amount of the functional currency based on the applicable exchange rate in effect on the remeasurement date. Any adjustment required to remeasure a transaction to the equivalent amount of functional currency is recorded in the consolidated statements of operations of the foreign operating company as a component of foreign exchange gain or loss.
Assets Held For Sale	Assets Held for Sale Assets held for sale is comprised of revenue equipment in the Company’s lease purchase program and is recorded as a component of prepaid and other current assets on the consolidated balance sheets. Assets held for sale at June 30, 2018 and December 31, 2017, totaled $14.1 million and $9.9 million, respectively. Assets held for sale totaled $10.2 million and $7.0 million for the Flatbed Solutions segment as of June 30, 2018 and December 31, 2017, respectively. Assets held for sale totaled $3.9 million and $2.9 million for the Specialized Solutions segment as of June 30, 2018 and December 31, 2017, respectively. Assets held for sale are not subject to depreciation, and are recorded at the lower of depreciated carrying value or fair market value less selling costs. The Company expects to sell these assets in its lease purchase program within twelve months of being classified as assets held for sale. Any gains from the sale of these assets are recognized as a deferred gain in the consolidated balance sheets in current portion of net investment in sales-type leases and other long-term assets.
New Accounting Pronouncements	New Accounting Pronouncements In March 2018, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2018-05, Income Taxes (Topic 740). ASU 2018-05 provides amendments to SEC paragraphs pursuant to SEC Staff Accounting Bulletin (SAB) No. 118 related to the Tax Cuts and Jobs Act (TCJA) that became effective January 2018. The Company adopted the disclosure requirements of SAB 118 as of December 31, 2017 which were included in the Company’s Current Report on Form 10-K filed March 16, 2018 and as described in SAB 118 carried forward through June 30, 2018. In July 2017, the FASB issued ASU 2017-11, Earnings per Share (Topic 260), Distinguishing Liabilities from Equity (Topic 480) and Topic 815. ASU 2017-11 provides guidance on accounting for financial instruments with down round features and clarifies the deferral of certain provisions in Topic 480. ASU 2017-11 will become effective for annual periods beginning after December 15, 2018 and interim periods within those periods. The Company is currently evaluating the impact of adopting this guidance. In May 2017, the FASB issued ASU 2017-09, Compensation – Stock Compensation (Topic 718). ASU 2017-09 provides guidance about which changes to the terms or conditions of a share-based payment award requires the application of modification accounting. Modification accounting will apply unless the fair value of the modified award is the same as the original award, the vesting conditions of the modified award are the same as the original award and the classification of the modified award as an equity instrument or liability instrument is the same as the original award. ASU 2017-09 became effective for annual periods beginning after December 15, 2017 and interim periods within those periods. The Company adopted this pronouncement on January 1, 2018 which did not have a material impact on its consolidated results of operations, financial condition, cash flows, or financial statement disclosures as there were no changes to the terms or conditions of the Company’s share-based payment awards during the six months ended June 30, 2018. In August 2016, the FASB issued ASU 2016-15, Statement of Cash Flows (Topic 230). ASU 2016-15 provides new guidance intended to reduce diversity in practice in how certain cash receipts and payments are classified in the statement of cash flows, including debt prepayment or extinguishment costs, the settlement of contingent liabilities arising from a business combination, proceeds from insurance settlements, and distributions from certain equity method investees. ASU 2016-05 became effective for fiscal years beginning after December 15, 2017 and interim periods within fiscal years. The Company adopted this pronouncement on January 1, 2018 which did not impact its consolidated statement of cash flows. In June 2016, the FASB issued ASU No. 2016-13, Accounting for Credit Losses (Topic 326). ASU 2016-13 requires the use of an “expected loss” model on certain types of financial instruments. ASU 2016-13 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2019, with early adoption permitted. The Company is currently evaluating the impact of adopting this guidance. In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842). ASU 2016-02 amends various aspects of existing guidance for leases. ASU 2016-02 requires an entity to recognize assets and liabilities arising from a lease for both financing and operating leases, along with additional qualitative and quantitative disclosures. The main difference between previous GAAP and the amended standard is the recognition of lease assets and lease liabilities of lessees on the balance sheet for those leases classified as operating leases under previous GAAP. ASU 2016-02 is effective for fiscal years beginning after December 15, 2018, with early adoption permitted. Entities are required to adopt the ASU using a modified retrospective approach, subject to certain optional practical expedients, and apply the provisions of ASU 2016-02 to leasing arrangements existing at or entered into after the earliest comparative period presented in the financial statements. The Company is currently evaluating the provisions of ASU 2016-02 and assessing its impact on the Company’s financial statements. As part of the Company’s assessment to-date, the Company has formed an implementation team and is currently reviewing lease accounting specific software packages. The Company expects the adoption of ASU 2016-02 will materially gross up its consolidated balance sheet with the recognition of right-of-use assets and operating lease liabilities. The impact to the Company’s consolidated statements of operations and cash flows are not expected to be material. The new standard will also require additional disclosures for financing and operating leases.
Accounting policies	Accounting Policies The vast majority of the Company’s revenue is recognized over time as its customers simultaneously receive and consume the benefits. While there may be master service agreements with Company customers, a contract is not established until the customer specifically requests the Company’s services and the Company accepts. The Company evaluates each contract for distinct performance obligations. In the Company’s business, a typical performance obligation is the transportation of a load including any highly interrelated ancillary services. The Company predominantly estimates the standalone selling price of its services based upon observable evidence, market conditions and other relevant inputs. The Company allocates the total transaction price to each distinct performance obligation based upon the relative standalone selling prices. The Company’s customers simultaneously receive and consume the benefits of the Company’s contracts, therefore revenue is recognized over time. This is a faithful depiction of the satisfaction of the performance obligation, as the customer does not need to re-perform the transportation services the Company has provided to date.

NATURE OF OPERATIONS AND SUMM27

NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	6 Months Ended
	Jun. 30, 2018
NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Summary of changes in the fair value of the liabilities	The table below is a summary of the changes in the fair value of this liability for the six months ended June 30, 2017 (in thousands): 2017 Balance at January 1, 2017 $ (52) Change in fair value 52 Balance at June 30, 2017 $ —

REVENUE RECOGNITION (Tables)

REVENUE RECOGNITION (Tables)	6 Months Ended
	Jun. 30, 2018
Revenue Recognition
Schedule of income and segment disclosures	Flatbed Specialized Solutions Solutions Corporate/ Consolidated Segment Segment Eliminations Total Three Months Ended June 30, 2018 Freight $ 118,486 $ 157,118 $ (3,021) $ 272,583 Brokerage 23,875 36,399 (183) 60,091 Logistics 693 8,236 (38) 8,891 Fuel surcharge 19,125 16,605 (396) 35,334 Total revenue $ 162,179 $ 218,358 $ (3,638) $ 376,899 Three Months Ended June 30, 2017 Freight $ 68,889 $ 82,143 $ (1,378) $ 149,654 Brokerage 9,495 19,198 (37) 28,656 Logistics — 2,708 (8) 2,700 Fuel surcharge 8,514 7,936 (137) 16,313 Total revenue $ 86,898 $ 111,985 $ (1,560) $ 197,323 Six Months Ended June 30, 2018 Freight $ 222,998 $ 294,627 $ (4,971) $ 512,654 Brokerage 46,873 59,589 (233) 106,229 Logistics 1,407 18,273 (71) 19,609 Fuel surcharge 35,909 30,757 (678) 65,988 Total revenue $ 307,187 $ 403,246 $ (5,953) $ 704,480 Six Months Ended June 30, 2017 Freight $ 132,863 $ 145,118 $ (2,772) $ 275,209 Brokerage 18,593 30,968 (36) 49,525 Logistics — 2,708 (8) 2,700 Fuel surcharge 16,746 13,864 (287) 30,323 Total revenue $ 168,202 $ 192,658 $ (3,103) $ 357,757

BUSINESS COMBINATION (Tables)

BUSINESS COMBINATION (Tables)	6 Months Ended
	Jun. 30, 2018
BUSINESS COMBINATION
Summary of cash proceeds and utilization of proceeds in Business Combination	The following table is a summary of cash proceeds and utilization of proceeds in the Business Combination (in thousands): Proceeds Public share proceeds (1) $ 83,429 Issuance of Series A Preferred Stock 65,000 Term Loan Facility 250,000 Cash (2) 3,209 Total proceeds 401,638 Use of Proceeds Repayment of Line of Credit (3) 16,717 Repayment of Senior Term Loan (4) 122,724 Repayment of equipment loans (5) 89,488 Repayment of subordinated debt (6) 67,460 Payment of deferred financing fees (7) 14,148 Repurchase Main Street and Prudential shares (8) 36,168 Hennessy transaction costs 19,063 Daseke transaction costs (9) 1,204 Total use of proceeds 366,972 Net cash received $ 34,666 (1) - 8,342,918 public shares outstanding valued at $10.00 per share (2) - Daseke cash utilized for payment of deferred financing fees and transaction costs (3) - includes payment of $59 accrued interest recognized in interest expense (4) - includes payment of $422 accrued interest recognized in interest expense (5) - includes payment of $731 accrued interest recognized in interest expense (6) - includes payment of $745 accrued interest recognized in interest expense (7) - excludes $81 paid subsequent to the Closing (8) - Hennessy repurchased Private Daseke shares held by Main Street Capital II, LP, Main Street Mezzanine Fund, LP, Main Street Capital Corporation, Prudential Capital Partners IV, L.P., Prudential Capital Partners (Parallel Fund) IV, L.P. and Prudential Capital Partners Management Fund IV, L.P. (9) - $0.8 million and $0.4 million expensed in fourth quarter 2016 and first quarter 2017, respectively

ACQUISITIONS (Tables)

ACQUISITIONS (Tables)	6 Months Ended
	Jun. 30, 2018
Business Acquisition [Line Items]
Schedule of pro forma financial information	Three Months Ended June 30, Six Months Ended June 30, (in millions) 2018 2017 2018 2017 Pro forma revenue $ 413.2 $ 236.1 $ 773.3 $ 427.4 Pro forma net loss $ 9.6 $ (5.1) $ 8.6 $ (15.4) Pro forma net loss per common share: Basic and Diluted $ 0.16 $ (0.13) $ 0.15 $ (0.47)
Acquisition 2,018
Business Acquisition [Line Items]
Summary of the allocation of the purchase price paid to the fair values of the net assets	The following is a summary of the preliminary allocation of the purchase price paid to the fair values of the net assets, net of cash acquired, of the acquisition of Aveda, as defined below (in thousands): (all amounts in United States dollars) Aveda Accounts receivable $ 37,255 Prepaid and other current assets 1,785 Property and equipment 89,752 Goodwill 14,919 Deferred tax asset 1,035 Accounts payable and other liabilities (30,007) Total $ 114,739
Acquisition 2,017
Business Acquisition [Line Items]
Summary of the allocation of the purchase price paid to the fair values of the net assets	The following is a summary of the preliminary allocation of the purchase price paid to the fair values of the net assets, net of cash acquired, of the Company’s 2017 acquisitions (in thousands): (all amounts in United States dollars) Tennessee Moore Roadmaster Steel Belmont Freight Group Haulers R&R Steelman Schilli* Big Freight* Accounts receivable $ 240 $ 4,436 $ 9,806 $ 20,207 $ 5,129 $ 4,383 $ 8,616 $ 4,914 Parts supplies — 312 231 — 149 90 1,681 212 Prepaid and other current assets 107 301 1,097 5,870 1,515 2,295 2,548 287 Property and equipment 1,548 22,052 36,854 8,705 16,887 11,100 39,870 11,493 Goodwill & Intangibles 4,187 48,220 83,947 85,102 26,686 16,367 17,050 11,848 Other long-term assets — 114 670 19,049 156 5,013 915 121 Deferred tax liabilities (1,300) (14,376) (19,410) (33,284) (8,922) (4,811) (15,424) (4,792) Accounts payable and other liabilities (248) (1,889) (26,764) (14,002) (3,362) (15,612) (27,896) (6,294) Total $ 4,534 $ 59,170 $ 86,431 $ 91,647 $ 38,238 $ 18,825 $ 27,360 $ 17,789 *

PREPAID AND OTHER CURRENT ASS31

PREPAID AND OTHER CURRENT ASSETS (Tables)	6 Months Ended
	Jun. 30, 2018
PREPAID AND OTHER CURRENT ASSETS
Schedule of components of prepaid expenses and other current assets	The components of prepaid expenses and other current assets are as follows as of June 30, 2018 and December 31, 2017 (in thousands): 2018 2017 Assets held for sale $ 14,134 $ 9,907 Insurance 6,008 7,642 Other prepaids 6,797 2,948 Licensing, permits and tolls 4,970 4,096 Highway and fuel taxes 393 1,238 Other assets 2,131 2,409 $ 34,433 $ 28,240

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS (Tables)	6 Months Ended
	Jun. 30, 2018
GOODWILL AND INTANGIBLE ASSETS
Schedule of changes in carrying amount of goodwill	The summary of changes in goodwill follows for the six months ended June 30, 2018 (in thousands): Flatbed Specialized Total Goodwill balance at December 31, 2017 $ 105,866 $ 196,836 $ 302,702 Goodwill acquired and adjustments to previously recorded goodwill (23,955) (14,178) (38,133) Foreign currency translation adjustment — (544) (544) Goodwill balance at June 30, 2018 $ 81,911 $ 182,114 $ 264,025
Schedule of intangible assets	Intangible assets consisted of the following at June 30, 2018 and December 31, 2017 (in thousands): As of June 30, 2018 As of December 31, 2017 Intangible Accumulated Intangible Intangible Accumulated Intangible Assets Amortization Assets, net Assets Amortization Assets, net Non-competition agreements $ 31,290 $ (9,316) $ 21,974 $ 12,230 $ (5,765) $ 6,465 Customer relationships 117,226 (28,489) 88,737 69,090 (23,921) 45,169 Trade names 76,050 — 76,050 41,180 — 41,180 Foreign currency translation adjustment 96 — 96 306 — 306 Total intangible assets $ 224,662 $ (37,805) $ 186,857 $ 122,806 $ (29,686) $ 93,120

PROPERTY AND EQUIPMENT (Tables)

PROPERTY AND EQUIPMENT (Tables)	6 Months Ended
	Jun. 30, 2018
PROPERTY AND EQUIPMENT.
Schedule of components of property and equipment	The components of property and equipment are as follows at June 30, 2018 and December 31, 2017 (in thousands): 2018 2017 Revenue equipment $ 618,070 $ 544,876 Buildings and improvements 53,271 53,366 Furniture and fixtures, office and computer equipment and vehicles 50,523 20,805 721,864 619,047 Accumulated depreciation (220,744) (189,408) $ 501,120 $ 429,639

SALES-TYPE LEASES (Tables)

SALES-TYPE LEASES (Tables)	6 Months Ended
	Jun. 30, 2018
SALES-TYPE LEASES
Schedule of components of the net investment in sales-type leases	The components of the net investment in sales-type leases are as follows at June 30, 2018 and December 31, 2017 (in thousands): 2018 2017 Minimum lease receivable $ 68,138 $ 62,587 Deferred gain (8,380) (9,352) Net minimum lease receivable 59,758 53,235 Unearned interest income (9,373) (10,432) Net investment in sales-type leases 50,385 42,803 Current portion (13,346) (10,979) $ 37,039 $ 31,824

ACCRUED EXPENSES AND OTHER LI35

ACCRUED EXPENSES AND OTHER LIABILITIES (Tables)	6 Months Ended
	Jun. 30, 2018
ACCRUED EXPENSES AND OTHER LIABILITIES
Schedule of components of accrued expenses and other liabilities	The components of accrued expenses and other liabilities are as follows at June 30, 2018 and December 31, 2017 (in thousands): 2018 2017 Brokerage and escorts $ 11,034 $ 6,264 Unvouchered payables 4,612 4,156 Other accrued expenses 14,410 4,977 Owner-operator deposits 8,824 8,431 Interest 469 540 Fuel 1,992 1,130 Fuel taxes 4,978 378 $ 46,319 $ 25,876

LONG-TERM DEBT (Tables)

LONG-TERM DEBT (Tables)	6 Months Ended
	Jun. 30, 2018
Schedule of long term debt	Long-term debt consists of the following at June 30, 2018 and December 31, 2017 (in thousands): 2018 2017 Line of credit $ — $ 4,561 Term loan facility 495,970 498,462 Equipment term loans 129,786 126,227 Capital leases 6,475 5,757 632,231 635,007 Less current portion (48,022) (43,056) Less unamortized debt issuance costs (16,831) (17,650) Total long-term debt $ 567,378 $ 574,301
Future principal payments on long-term debt	Future principal payments on long-term debt as of June 30, 2018 are as follows (in thousands): Term Loan Facility Equipment Term Loans Capital Total 2018 $ 4,985 $ 41,092 $ 2,314 $ 48,391 2019 2,500 34,081 1,755 38,336 2020 2,500 23,716 916 27,132 2021 2,500 14,610 869 17,979 2022 2,500 10,207 501 13,208 Thereafter 480,985 6,080 727 487,792 Total minimum lease payments 7,082 Loan amount attributable to interest (607) (607) Total (Present value of minimum lease payments on capital leases) $ 495,970 $ 129,786 6,475 $ 632,231 Less current portion (1,945) Long-term capital leases $ 4,530
Revolving credit facility
Schedule of adjustment for margin of line of credit and senior term loan corresponding to fixed charge coverage ratio.	Fixed Charge Coverage Ratio Base Rate Margins LIBOR Rate Margins Less than 1.25 to 1.00 2.25 % 3.25 % Greater than or equal to 1.25 to 1.00, but less than 1.50 to 1.00 1.75 % 2.75 % Greater than or equal to 1.50 to 1.00, but less than 1.75 1.25 % 2.25 % Greater than or equal to 1.75 to 1.00 0.75 % 1.75 %

STOCK-BASED COMPENSATION (Table

STOCK-BASED COMPENSATION (Tables)	6 Months Ended
	Jun. 30, 2018
STOCK-BASED COMPENSATION
Tabular disclosure of stock option grants under the Plan	The following table summarizes stock option grants under the Plan from February 27, 2017 through June 30, 2018: Grantee Type # of Issued and Vesting Weighted Weighted Average Director Group 150,000 145,000 5 years $ 9.98 $ 632,200 Employee Group 1,767,495 1,713,289 5 years $ 10.51 $ 7,829,731 Total 1,858,289
Schedule of fair value assumptions of stock option grants	The fair value of the Company’s stock option grants was estimated utilizing the following assumptions as of June 30, 2018: Weighted average expected life 6.5 years Risk-free interest rate 2.28% to 2.63% Expected volatility 37.6% to 39.9% Expected dividend yield 0.00%
Schedule of summary of option activity under the Plan and changes during the period	A summary of option activity under the Plan as of June 30, 2018 and changes during the six months then ended are as follows: Shares Weighted Weighted Aggregate Outstanding as of January 1, 2018 1,655,995 $ 10.36 9.3 $ 6,505 Granted 253,000 11.20 10.0 — Exercised (5,000) 9.98 — — Forfeited or expired (45,706) 10.44 — — Outstanding as of June 30, 2018 1,858,289 10.48 8.9 33 Exercisable as of June 30, 2018 $ 9.98 8.7 $ 2
Summary of restricted stock unit grants under the Plan	The following table summarizes restricted stock unit grants under the Plan from June 1, 2017 through June 30, 2018: Grantee Type # of Issued and Outstanding Vesting Grant Date Employee Group 1,569,371 995,751 5 years $ 16,619,639
Summary of restricted stock awards activity under the Plan	Units Weighted Outstanding as of January 1, 2018 763,591 $ 9.98 Granted 560,503 11.66 Exercised (105,733) 9.36 Forfeited (222,610) 11.54 Outstanding as of June 30, 2018 995,751 $ 10.64

REPORTABLE SEGMENTS (Tables)

REPORTABLE SEGMENTS (Tables)	6 Months Ended
	Jun. 30, 2018
REPORTABLE SEGMENTS
Schedule of tabular disclosure of financial data of the Company’s reportable segments	The following tables reflect certain financial data of the Company’s reportable segments for the three and six months ended June 30, 2018 and 2017 (in thousands): Flatbed Specialized Solutions Solutions Corporate/ Consolidated Segment Segment Eliminations Total Three Months Ended June 30, 2018 Total revenue $ 162,179 $ 218,358 $ (3,638) $ 376,899 Operating income (loss) 9,269 7,106 (7,867) 8,508 Depreciation 6,726 18,776 25 25,527 Amortization of intangible assets 2,508 3,731 — 6,239 Interest expense 1,957 2,729 6,384 11,070 Income (loss) before income tax 7,436 4,551 (13,048) (1,061) Total assets 409,537 857,264 57,301 1,324,102 Capital expenditures 1,865 21,459 219 23,543 Three Months Ended June 30, 2017 Total revenue $ 86,898 $ 111,985 $ (1,560) $ 197,323 Operating income (loss) 6,322 4,589 (6,447) 4,464 Depreciation 6,823 9,334 39 16,196 Amortization of intangible assets 437 1,005 — 1,442 Interest expense 1,722 1,838 2,984 6,544 Income (loss) before income tax 4,623 2,852 (9,398) (1,923) Total assets 276,726 382,679 35,590 694,995 Capital expenditures 138 5,150 24 5,312 Flatbed Specialized Solutions Solutions Corporate/ Consolidated Segment Segment Eliminations Total Six Months Ended June 30, 2018 Total revenue $ 307,187 $ 403,246 $ (5,953) $ 704,480 Operating income (loss) 16,232 12,251 (12,218) 16,265 Depreciation 13,669 35,090 56 48,815 Amortization of intangible assets 2,945 5,188 — 8,133 Interest expense 3,805 5,234 12,368 21,407 Income (loss) before income tax 12,632 8,176 (23,049) (2,241) Capital expenditures 2,396 28,317 410 31,123 Six Months Ended June 30, 2017 Total revenue $ 168,202 $ 192,658 $ (3,103) $ 357,757 Operating income (loss) 10,201 5,596 (12,181) 3,616 Depreciation 13,905 17,086 78 31,069 Amortization of intangible assets 874 2,010 — 2,884 Interest expense 3,486 3,694 5,260 12,440 Income (loss) before income tax 6,728 1,943 (21,109) (12,438) Capital expenditures 224 6,534 48 6,806

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	6 Months Ended
	Jun. 30, 2018
EARNINGS PER SHARE
Summary to reconcile basic weighted average common stock outstanding to diluted weighted average common stock outstanding	Three Months Ended Six Months Ended June 30, June 30, (in thousands, except per share data) 2018 2017 2018 2017 Numerator: Net income (loss) $ 13,485 $ (4,107) $ 12,688 $ (11,852) Less Series A preferred dividends (1,239) (1,693) (2,478) (1,694) Less Series B preferred dividends — — — (806) Allocation of earnings to nonvested participating restricted stock units (222) — (182) — Numerator for basic and diluted EPS $ 12,024 $ (5,800) $ 10,028 $ (14,352) Denominator: Weighted-average shares outstanding 59,460 37,945 56,902 32,469 Weighted average nonvested participating restricted stock units 1,099 - 1,034 - Denominator for basic and diluted EPS – weighted-average shares 60,559 37,945 57,936 32,469 Basic and diluted EPS $ 0.20 $ (0.15) $ 0.17 $ (0.44)

NATURE OF OPERATIONS AND SUMM40

NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)	1 Months Ended	3 Months Ended		6 Months Ended
	Feb. 28, 2017USD ($)	Jun. 30, 2018USD ($)	Jun. 30, 2017USD ($)shares	Jun. 30, 2018USD ($)segment	Jun. 30, 2017USD ($)segmentshares	Dec. 31, 2017USD ($)	Nov. 30, 2017USD ($)
Deferred financing fees		$ 16,800,000		$ 16,800,000		$ 17,700,000
Amortization of deferred financing fees		800,000	$ 500,000	1,452,000	$ 793,000
Deferred finance charges	$ 14,200,000						$ 4,800,000
Expensed unamortized deferred financing fees	$ 3,900,000
Purchase price paid in common stock (in value)		15,355,000	3,438,000	$ 15,355,000	3,438,000
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning of year					(52,000)
Change in fair value					$ 52,000
Number of operating segments | segment				16	10
Number of reportable segments | segment				2	2
Dilutive effect		0	$ 0	$ 0	$ 0
Assets held for sale		$ 14,134,000		$ 14,134,000		9,907,000
Number of months within which the Company expects to sell assets held for sale				12 months
Series A
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Preferred stock dividend rate (as a percent)		7.625%	7.625%	7.625%	7.625%
Series B
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Diluted earnings per share as their effects were anti-dilutive | shares			0		0
Flatbed
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Assets held for sale		$ 10,200,000		$ 10,200,000		7,000,000
Specialized
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Assets held for sale		$ 3,900,000		$ 3,900,000		$ 2,900,000

REVENUE RECOGNITION (Details)

REVENUE RECOGNITION (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2018USD ($)
ASU 2014-09
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Adjustment to retained earnings	$ 0

REVENUE RECOGNITION - Practical

REVENUE RECOGNITION - Practical Expedients (Details)	6 Months Ended
	Jun. 30, 2018
Revenue preference and practical expedients
Revenue, practical expedient, remaining performance obligation	true
Revenue, practical expedient, incremental costs of obtaining or fulfilling a contract	true

REVENUE RECOGNITION - Disaggreg

REVENUE RECOGNITION - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Disaggregation of Revenue
Total revenue	$ 376,899	$ 197,323	$ 704,480	$ 357,757
Corporate/Eliminations
Disaggregation of Revenue
Total revenue	(3,638)	(1,560)	(5,953)	(3,103)
Freight
Disaggregation of Revenue
Total revenue	272,583	149,654	512,654	275,209
Freight | Corporate/Eliminations
Disaggregation of Revenue
Total revenue	(3,021)	(1,378)	(4,971)	(2,772)
Brokerage
Disaggregation of Revenue
Total revenue	60,091	28,656	106,229	49,525
Brokerage | Corporate/Eliminations
Disaggregation of Revenue
Total revenue	(183)	(37)	(233)	(36)
Logistics
Disaggregation of Revenue
Total revenue	8,891	2,700	19,609	2,700
Logistics | Corporate/Eliminations
Disaggregation of Revenue
Total revenue	(38)	(8)	(71)	(8)
Fuel
Disaggregation of Revenue
Total revenue	35,334	16,313	65,988	30,323
Fuel | Corporate/Eliminations
Disaggregation of Revenue
Total revenue	(396)	(137)	(678)	(287)
Flatbed | Operating Segments
Disaggregation of Revenue
Total revenue	162,179	86,898	307,187	168,202
Flatbed | Freight | Operating Segments
Disaggregation of Revenue
Total revenue	118,486	68,889	222,998	132,863
Flatbed | Brokerage | Operating Segments
Disaggregation of Revenue
Total revenue	23,875	9,495	46,873	18,593
Flatbed | Logistics | Operating Segments
Disaggregation of Revenue
Total revenue	693		1,407
Flatbed | Fuel | Operating Segments
Disaggregation of Revenue
Total revenue	19,125	8,514	35,909	16,746
Specialized | Operating Segments
Disaggregation of Revenue
Total revenue	218,358	111,985	403,246	192,658
Specialized | Freight | Operating Segments
Disaggregation of Revenue
Total revenue	157,118	82,143	294,627	145,118
Specialized | Brokerage | Operating Segments
Disaggregation of Revenue
Total revenue	36,399	19,198	59,589	30,968
Specialized | Logistics | Operating Segments
Disaggregation of Revenue
Total revenue	8,236	2,708	18,273	2,708
Specialized | Fuel | Operating Segments
Disaggregation of Revenue
Total revenue	$ 16,605	$ 7,936	$ 30,757	$ 13,864

BUSINESS COMBINATION (Details)

BUSINESS COMBINATION (Details)	Jun. 01, 2018USD ($)	Feb. 14, 2018shares	Sep. 19, 2017shares	Feb. 27, 2017USD ($)item$ / sharesshares	Jun. 30, 2018shares	Jun. 30, 2018USD ($)shares	Jun. 30, 2017USD ($)	Dec. 31, 2017USD ($)shares
Consideration received upon closing | $	$ 5,000,000
Common stock shares outstanding					63,875,267	63,875,267		48,712,288
Common stock shares sold (in shares)					63,875,267	63,875,267		48,712,288
Issuance of common stock (in shares)		7,500,000	5,292,000
Term loan facility
Credit facility | $				$ 250,000,000
Delayed Draw Feature
Credit facility | $				100,000,000
ABL Member
Credit facility | $				$ 70,000,000
Minimum
Earn out target ( as a percent)				90.00%
Maximum
Earn out target ( as a percent)				100.00%
Private placement
Common stock shares sold (in shares)				419,669
Series A
Proceeds from convertible preferred stock | $							$ (65,000,000)
Senior Debt
Credit facility | $				$ 350,000,000
Hennessy Capital Acquisition Corp II and HCAC Merger Sub Inc
Common stock shares outstanding				37,715,960
Common stock shares sold (in shares)				37,715,960
Proceeds from convertible preferred stock | $				$ 65,000,000
Hennessy Capital Acquisition Corp II and HCAC Merger Sub Inc | IPO
Common stock shares sold (in shares)				8,342,918
Hennessy Capital Acquisition Corp II and HCAC Merger Sub Inc | Private placement
Common stock shares sold (in shares)				2,288,043
Hennessy Capital Acquisition Corp II and HCAC Merger Sub Inc | Series A
Proceeds from convertible preferred stock | $						$ 65,000,000
Hennessy Capital Acquisition Corp II and HCAC Merger Sub Inc | Series A | Private placement
Proceeds from convertible preferred stock | $				$ 65,000,000
Issuance of common stock (in shares)				650,000
Hennessy Capital Acquisition Corp II and HCAC Merger Sub Inc | Earn out provision
Number of trading days | item				20
Number of consecutive trading days				30 days
Number of shares issued					5,000,000
Adjusted EBITDA | $								$ 140,000,000
Hennessy Capital Acquisition Corp II and HCAC Merger Sub Inc | Earn out provision | Minimum
Adjusted EBITDA - 2017 | $				$ 140,000,000
Adjusted EBITDA - 2018 | $				170,000,000
Adjusted EBITDA - 2019 | $				$ 200,000,000
Share price - 2017 | $ / shares				$ 12
Share price - 2018 | $ / shares				14
Share price - 2019 | $ / shares				$ 16
Hennessy Capital Acquisition Corp II and HCAC Merger Sub Inc | Earn out provision | Maximum
Shares payable annually in 2018				5,000,000
Shares payable annually in 2019				5,000,000
Private Daseke
Number of shares issued				26,665,330
Private Daseke | Hennessy Capital Acquisition Corp II and HCAC Merger Sub Inc
Consideration received upon closing | $				$ 266,700,000
Private Daseke | Hennessy Capital Acquisition Corp II and HCAC Merger Sub Inc | Maximum
Value per share issued | $ / shares				$ 10
Private Daseke | Hennessy Capital Acquisition Corp II and HCAC Merger Sub Inc | Earn out provision | Maximum
Shares to be issued under earn-out provision				15,000,000
Shares payable annually in 2017				5,000,000

BUSINESS COMBINATION Cash Proce

BUSINESS COMBINATION Cash Proceeds (Details) - USD ($) $ / shares in Units, $ in Thousands	Feb. 14, 2018	Sep. 19, 2017	Feb. 27, 2017	Mar. 31, 2017	Dec. 31, 2016	Jun. 30, 2018	Jun. 30, 2017	Jun. 01, 2018	Dec. 31, 2017
Proceeds from issuance of common stock	$ 84,600	$ 63,600				$ 84,569	$ 64,577
Repayment of debt						$ 25,227	$ 224,587
Common stock shares sold (in shares)						63,875,267			48,712,288
Common stock shares outstanding						63,875,267			48,712,288
Shares outstanding value (par value)						$ 0.0001		$ 0.0001	$ 0.0001
Hennessy Capital Acquisition Corp II and HCAC Merger Sub Inc
Proceeds from issuance of common stock			$ 83,429
Issuance of convertible preferred stock			65,000
Proceeds from Term Loan Facility			250,000
Cash2			3,209
Total proceeds			401,638
Payment of deferred financing fees (7)			14,148
Hennessy transaction costs			19,063
Daseke transaction costs(9)			1,204	$ 400	$ 800
Total use of proceeds			366,972
Net cash received			$ 34,666
Common stock shares sold (in shares)			37,715,960
Common stock shares outstanding			37,715,960
Shares outstanding value (par value)			$ 10
Hennessy Capital Acquisition Corp II and HCAC Merger Sub Inc | Main Street Capital Corporation and Prudential Capital Partners
Repayment of debt			$ 36,168
Hennessy Capital Acquisition Corp II and HCAC Merger Sub Inc | Interest Expense
Excludes fees paid subsequent to closing			81
Hennessy Capital Acquisition Corp II and HCAC Merger Sub Inc | Line of credit
Repayment of debt			16,717
Hennessy Capital Acquisition Corp II and HCAC Merger Sub Inc | Line of credit | Interest Expense
Payment of accrued interest			59
Hennessy Capital Acquisition Corp II and HCAC Merger Sub Inc | Senior term loan
Repayment of debt			122,724
Hennessy Capital Acquisition Corp II and HCAC Merger Sub Inc | Senior term loan | Interest Expense
Payment of accrued interest			422
Hennessy Capital Acquisition Corp II and HCAC Merger Sub Inc | Equipment term loans
Repayment of debt			89,488
Hennessy Capital Acquisition Corp II and HCAC Merger Sub Inc | Equipment term loans | Interest Expense
Payment of accrued interest			731
Hennessy Capital Acquisition Corp II and HCAC Merger Sub Inc | Subordinated notes
Repayment of debt			67,460
Hennessy Capital Acquisition Corp II and HCAC Merger Sub Inc | Subordinated notes | Interest Expense
Payment of accrued interest			$ 745
IPO | Hennessy Capital Acquisition Corp II and HCAC Merger Sub Inc
Common stock shares sold (in shares)			8,342,918

ACQUISITIONS (Details)

ACQUISITIONS (Details)	Jun. 06, 2018USD ($)$ / sharesshares	Dec. 01, 2017USD ($)shares	Sep. 01, 2017USD ($)	Jul. 01, 2017USD ($)shares	May 01, 2017USD ($)shares	Jun. 30, 2018USD ($)$ / shares	Jun. 30, 2017USD ($)$ / shares	Jun. 30, 2018USD ($)item$ / shares	Jun. 30, 2017USD ($)$ / shares	Dec. 31, 2017USD ($)	Mar. 31, 2018USD ($)	Dec. 29, 2017USD ($)
ACQUISITIONS
Equity transferred						$ 15,355,000	$ 3,438,000	$ 15,355,000	$ 3,438,000
Revenue						376,899,000	197,323,000	704,480,000	357,757,000
Net income						13,485,000	(4,107,000)	12,688,000	(11,852,000)
Allocation of the purchase price paid to the fair values of the net assets
Goodwill						264,025,000		264,025,000		$ 302,702,000
Amortization of intangible assets						6,239,000	1,442,000	8,133,000	2,884,000
Accumulated amortization						37,805,000		37,805,000		29,686,000
Provisional income tax benefit due to TCJA						14,000,000		14,000,000
Non-competition agreements
Allocation of the purchase price paid to the fair values of the net assets
Accumulated amortization						9,316,000		9,316,000		5,765,000
Customer relationships
Allocation of the purchase price paid to the fair values of the net assets
Accumulated amortization						28,489,000		$ 28,489,000		$ 23,921,000
Minimum
ACQUISITIONS
Number of open-deck trucking companies acquired | item								17
Belmont
ACQUISITIONS
Voting interest acquired (as a percent)										100.00%
Total consideration paid										$ 4,600,000
Allocation of the purchase price paid to the fair values of the net assets
Accounts receivable												$ 240,000
Prepaid and other current assets												107,000
Property and equipment												1,548,000
Goodwill & Intangibles												4,187,000
Intangible assets						1,700,000		$ 1,700,000
Deferred tax liabilities												(1,300,000)
Accounts payable and other liabilities												(248,000)
Total												$ 4,534,000
Amortization of intangible assets						100,000
Accumulated amortization						100,000		100,000			$ 62,566
Increase (decrease) to goodwill due to valuation								(1,700,000)
Increase (decrease) in goodwill								600,000
Decrease in deferred tax liability								600,000
Provisional income tax benefit due to TCJA								400,000
Belmont | Non-competition agreements
Allocation of the purchase price paid to the fair values of the net assets
Intangible assets						200,000		200,000
Belmont | Customer relationships
Allocation of the purchase price paid to the fair values of the net assets
Intangible assets						1,200,000		1,200,000
Belmont | Trade names
Allocation of the purchase price paid to the fair values of the net assets
Intangible assets						300,000		300,000
Moore Freight Service
ACQUISITIONS
Voting interest acquired (as a percent)		100.00%
Total consideration paid		$ 59,100,000
Cash payments for business consideration		$ 35,100,000
Number of shares transferred | shares		145,129
Equity transferred		$ 1,800,000
Outstanding debt assumed		22,200,000
Allocation of the purchase price paid to the fair values of the net assets
Accounts receivable		4,436,000
Parts supplies		312,000
Prepaid and other current assets		301,000
Property and equipment		22,052,000
Goodwill & Intangibles		48,220,000
Other long-term assets		114,000
Intangible assets						30,400,000		30,400,000
Deferred tax liabilities		(14,376,000)
Accounts payable and other liabilities		(1,889,000)
Total		59,170,000
Transaction expenses incurred, not deductible for taxes purposes		$ 600,000
Amortization of intangible assets						1,500,000
Accumulated amortization											900,000
Increase (decrease) to goodwill due to valuation								(30,400,000)
Increase (decrease) in goodwill								11,700,000
Decrease in deferred tax liability								11,700,000
Provisional income tax benefit due to TCJA								4,000,000
Moore Freight Service | Non-competition agreements
Allocation of the purchase price paid to the fair values of the net assets
Intangible assets						3,500,000		3,500,000
Moore Freight Service | Customer relationships
Allocation of the purchase price paid to the fair values of the net assets
Intangible assets						23,700,000		23,700,000
Moore Freight Service | Trade names
Allocation of the purchase price paid to the fair values of the net assets
Intangible assets						3,200,000		3,200,000
Roadmaster Group
ACQUISITIONS
Voting interest acquired (as a percent)		100.00%
Total consideration paid		$ 86,900,000
Cash payments for business consideration		$ 37,500,000
Number of shares transferred | shares		3,114,247
Equity transferred		$ 39,100,000
Outstanding debt assumed		10,300,000
Allocation of the purchase price paid to the fair values of the net assets
Accounts receivable		9,806,000
Parts supplies		231,000
Prepaid and other current assets		1,097,000
Property and equipment		36,854,000
Goodwill & Intangibles		83,947,000
Other long-term assets		670,000
Intangible assets						22,900,000		22,900,000
Deferred tax liabilities		(19,410,000)
Accounts payable and other liabilities		(26,764,000)
Total		86,431,000
Transaction expenses incurred, not deductible for taxes purposes		$ 600,000
Amortization of intangible assets						600,000
Accumulated amortization						600,000		600,000			300,000
Increase (decrease) to goodwill due to valuation								(22,900,000)
Increase (decrease) in goodwill								8,700,000
Decrease in deferred tax liability								8,700,000
Provisional income tax benefit due to TCJA								3,000,000
Roadmaster Group | Non-competition agreements
Allocation of the purchase price paid to the fair values of the net assets
Intangible assets						2,900,000		2,900,000
Roadmaster Group | Customer relationships
Allocation of the purchase price paid to the fair values of the net assets
Intangible assets						7,300,000		7,300,000
Roadmaster Group | Trade names
Allocation of the purchase price paid to the fair values of the net assets
Intangible assets						12,700,000		12,700,000
Tennessee Steel Haulers and Co
ACQUISITIONS
Voting interest acquired (as a percent)		100.00%
Total consideration paid		$ 91,900,000
Cash payments for business consideration		$ 74,900,000
Number of shares transferred | shares		972,680
Equity transferred		$ 12,000,000
Outstanding debt assumed		5,000,000
Allocation of the purchase price paid to the fair values of the net assets
Accounts receivable		20,207,000
Prepaid and other current assets		5,870,000
Property and equipment		8,705,000
Goodwill & Intangibles		85,102,000
Other long-term assets		19,049,000
Intangible assets						49,800,000		49,800,000
Deferred tax liabilities		(33,284,000)
Accounts payable and other liabilities		(14,002,000)
Total		91,647,000
Transaction expenses incurred, not deductible for taxes purposes		$ 500,000
Amortization of intangible assets						2,100,000
Accumulated amortization											$ 1,200,000
Increase (decrease) to goodwill due to valuation								(49,800,000)
Increase (decrease) in goodwill								19,200,000
Decrease in deferred tax liability								19,200,000
Provisional income tax benefit due to TCJA								6,600,000
Tennessee Steel Haulers and Co | Non-competition agreements
Allocation of the purchase price paid to the fair values of the net assets
Intangible assets						12,400,000		12,400,000
Tennessee Steel Haulers and Co | Customer relationships
Allocation of the purchase price paid to the fair values of the net assets
Intangible assets						15,900,000		15,900,000
Tennessee Steel Haulers and Co | Trade names
Allocation of the purchase price paid to the fair values of the net assets
Intangible assets						21,500,000		21,500,000
RandR Trucking Holdings, LLC
ACQUISITIONS
Voting interest acquired (as a percent)			100.00%
Total consideration paid			$ 38,400,000
Cash payments for business consideration			24,600,000
Outstanding debt assumed			13,800,000
Allocation of the purchase price paid to the fair values of the net assets
Accounts receivable			5,129,000
Parts supplies			149,000
Prepaid and other current assets			1,515,000
Property and equipment			16,887,000
Goodwill & Intangibles			26,686,000
Other long-term assets			156,000
Deferred tax liabilities			(8,922,000)
Accounts payable and other liabilities			(3,362,000)
Total			38,238,000
Transaction expenses incurred, not deductible for taxes purposes			$ 600,000
The Steelman Companies
ACQUISITIONS
Voting interest acquired (as a percent)				100.00%
Total consideration paid				$ 18,800,000
Cash payments for business consideration				$ 11,200,000
Number of shares transferred | shares				746,170
Recognized Identifiable Assets Acquired And Liabilities Assumed Intangible Assets				$ 14,900,000
Equity transferred				7,600,000
Allocation of the purchase price paid to the fair values of the net assets
Accounts receivable				4,383,000
Parts supplies				90,000
Prepaid and other current assets				2,295,000
Property and equipment				11,100,000
Goodwill & Intangibles				16,367,000
Other long-term assets				5,013,000
Deferred tax liabilities				(4,811,000)
Accounts payable and other liabilities				(15,612,000)
Total				18,825,000
Transaction expenses incurred, not deductible for taxes purposes				$ 300,000
Increase (decrease) in goodwill								1,700,000
Decrease in deferred tax liability								1,700,000
Schilli Transportation Services Inc
ACQUISITIONS
Voting interest acquired (as a percent)					100.00%
Total consideration paid					$ 27,400,000
Cash payments for business consideration					$ 21,000,000
Number of shares transferred | shares					232,885
Equity transferred					$ 2,300,000
Outstanding debt assumed					4,000,000
Allocation of the purchase price paid to the fair values of the net assets
Accounts receivable					8,616,000
Parts supplies					1,681,000
Prepaid and other current assets					2,548,000
Property and equipment					39,870,000
Goodwill & Intangibles					17,050,000
Other long-term assets					915,000
Deferred tax liabilities					(15,424,000)
Accounts payable and other liabilities					(27,896,000)
Total					27,360,000
Transaction expenses incurred, not deductible for taxes purposes					$ 400,000
Increase (decrease) to goodwill due to valuation								2,800,000
Increase (decrease) in goodwill								(700,000)
Decrease in receivables								900,000
Decrease in assets held-for-sale								300,000
Decrease in fixed assets								1,600,000
Decrease in deferred tax liability								(700,000)
Big Freight Systems Inc
ACQUISITIONS
Voting interest acquired (as a percent)					100.00%
Total consideration paid					$ 16,700,000
Cash payments for business consideration					$ 12,400,000
Number of shares transferred | shares					109,248
Equity transferred					$ 1,100,000
EBITDA multiplier					400,000
Contingent liability					1,100,000
Outstanding debt assumed					3,200,000
Allocation of the purchase price paid to the fair values of the net assets
Accounts receivable					4,914,000
Parts supplies					212,000
Prepaid and other current assets					287,000
Property and equipment					11,493,000
Goodwill & Intangibles					11,848,000
Other long-term assets					121,000
Deferred tax liabilities					(4,792,000)
Accounts payable and other liabilities					(6,294,000)
Total					17,789,000
Transaction expenses incurred, not deductible for taxes purposes					$ 600,000
Increase (decrease) in goodwill								600,000
Foreign currency translation adjustment								300,000
Decrease in deferred tax liability								600,000
Aveda
ACQUISITIONS
Total consideration paid	$ 117,800,000
Cash payments for business consideration	$ 27,300,000
Number of shares transferred | shares	1,612,979
Equity transferred	$ 15,400,000
Contingent liability	20,300,000
Outstanding debt assumed	$ 54,800,000
Revenue						15,000,000		15,000,000
Net income						(700,000)		(700,000)
Allocation of the purchase price paid to the fair values of the net assets
Accounts receivable						37,255,000		37,255,000
Prepaid and other current assets						1,785,000		1,785,000
Property and equipment						89,752,000		89,752,000
Goodwill						14,919,000		14,919,000
Deferred tax asset						1,035,000		1,035,000
Accounts payable and other liabilities						(30,007,000)		(30,007,000)
Total						114,739,000		114,739,000
Cash per common share | $ / shares	$ 0.45
Transaction expenses incurred, not deductible for taxes purposes	$ 1,100,000
Business Acquisition, Pro Forma Information [Abstract]
Pro forma revenue						413,200,000	236,100,000	773,300,000	427,400,000
Pro forma net loss						$ 9,600,000	$ (5,100,000)	$ 8,600,000	$ (15,400,000)
Pro forma Basic | $ / shares						$ 0.16	$ (0.13)	$ 0.15	$ (0.47)
Pro forma Diluted | $ / shares						$ (0.05)	$ (0.13)	$ (0.08)	$ (0.47)

PREPAID AND OTHER CURRENT ASS47

PREPAID AND OTHER CURRENT ASSETS (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
PREPAID AND OTHER CURRENT ASSETS
Assets held for sale	$ 14,134	$ 9,907
Insurance	6,008	7,642
Other prepaids	6,797	2,948
Licensing, permits and tolls	4,970	4,096
Highway and fuel taxes	393	1,238
Other assets	2,131	2,409
Total	$ 34,433	$ 28,240

GOODWILL AND INTANGIBLE ASSET48

GOODWILL AND INTANGIBLE ASSETS (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2018USD ($)
GOODWILL
Goodwill impairment	$ 0
Goodwill
Balance at the beginning of the period	302,702
Goodwill acquired and adjustments to previously recorded goodwill	(38,133)
Foreign currency translation adjustment	(544)
Balance at the end of the period	264,025
Flatbed
Goodwill
Balance at the beginning of the period	105,866
Goodwill acquired and adjustments to previously recorded goodwill	(23,955)
Balance at the end of the period	81,911
Specialized
Goodwill
Balance at the beginning of the period	196,836
Goodwill acquired and adjustments to previously recorded goodwill	(14,178)
Foreign currency translation adjustment	(544)
Balance at the end of the period	$ 182,114

GOODWILL AND INTANGIBLE ASSET49

GOODWILL AND INTANGIBLE ASSETS - Other Intangibles (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Intangible Assets, Net
Intangible Assets	$ 224,662		$ 224,662		$ 122,806
Accumulated Amortization	(37,805)		(37,805)		(29,686)
Intangible Assets, net	186,857		186,857		93,120
Foreign currency translation adjustment, Intangible asset, Gross	96		96		306
Foreign currency translation adjustment, Intangible asset, net	96		96		306
Amortization of intangible assets	6,239	$ 1,442	8,133	$ 2,884
Future estimated amortization expense
2,018	16,600		16,600
2,019	14,800		14,800
2,020	13,600		13,600
2,021	12,800		12,800
2,022	12,100		12,100
Trade names
Indefinite-Lived Intangible Assets (Excluding Goodwill) [Abstract]
Indefinite lived intangible assets	76,050		76,050		41,180
Future estimated amortization expense
Impairment charge	2,800
Non-competition agreements
Intangible Assets, Net
Intangible Assets	31,290		31,290		12,230
Accumulated Amortization	(9,316)		(9,316)		(5,765)
Intangible Assets, net	21,974		$ 21,974		6,465
Weighted average remaining useful lives			3 years 4 months 24 days
Customer relationships
Intangible Assets, Net
Intangible Assets	117,226		$ 117,226		69,090
Accumulated Amortization	(28,489)		(28,489)		(23,921)
Intangible Assets, net	$ 88,737		$ 88,737		$ 45,169
Weighted average remaining useful lives			10 years 7 months 21 days

PROPERTY AND EQUIPMENT (Details

PROPERTY AND EQUIPMENT (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
PROPERTY AND EQUIPMENT
Property and equipment, Gross	$ 721,864		$ 721,864		$ 619,047
Accumulated depreciation	(220,744)		(220,744)		(189,408)
Property and equipment, Net	501,120		501,120		429,639
Depreciation	25,527	$ 16,196	48,815	$ 31,069
Revenue equipment
PROPERTY AND EQUIPMENT
Property and equipment, Gross	618,070		618,070		544,876
Buildings and improvements
PROPERTY AND EQUIPMENT
Property and equipment, Gross	53,271		53,271		53,366
Furniture and fixtures, office and computer equipment and vehicles
PROPERTY AND EQUIPMENT
Property and equipment, Gross	50,523		50,523		$ 20,805
Property and equipment
PROPERTY AND EQUIPMENT
Depreciation	$ 25,500	$ 16,200	$ 48,800	$ 31,100

SALES-TYPE LEASES (Details)

SALES-TYPE LEASES (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Components of the net investment in sales-type leases
Minimum lease receivable	$ 68,138		$ 68,138		$ 62,587
Deferred gain	(8,380)		(8,380)		(9,352)
Net minimum lease receivable	59,758		59,758		53,235
Unearned interest income	(9,373)		(9,373)		(10,432)
Net investment in sales-type leases	50,385		50,385		42,803
Current portion	(13,346)		(13,346)		(10,979)
Non-current portion	37,039		37,039		$ 31,824
Gain on disposition of revenue equipment leased to owner-operators	$ 900	$ 200	$ 1,414	$ 339
Minimum
Capital Leases of Lessor [Abstract]
Lease term			30 months
Maximum
Capital Leases of Lessor [Abstract]
Lease term			72 months

ACCRUED EXPENSES AND OTHER LI52

ACCRUED EXPENSES AND OTHER LIABILITIES (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
ACCRUED EXPENSES AND OTHER LIABILITIES
Brokerage and escorts	$ 11,034	$ 6,264
Unvouchered payables	4,612	4,156
Other accrued expenses	14,410	4,977
Owner operator deposits	8,824	8,431
Interest	469	540
Fuel	1,992	1,130
Fuel taxes	4,978	378
Total	$ 46,319	$ 25,876

LONG-TERM DEBT (Details)

LONG-TERM DEBT (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017	Nov. 30, 2017	Feb. 28, 2017
Long-term debt
Total	$ 567,378	$ 574,301
Less current portion	(48,022)	(43,056)
Less unamortized debt issuance costs			$ (4,800)	$ (14,200)
Long-term portion	567,378	569,740
Long-term debt
Long-term debt gross	632,231	635,007
Total	567,378	574,301
Term loan facility
Long-term debt
Total	495,970
Long-term debt
Total	495,970
Senior Debt
Long-term debt
Less current portion	(48,022)	(43,056)
Less unamortized debt issuance costs	(16,831)	(17,650)
Senior Debt | Revolving credit facility
Long-term debt
Long-term debt gross		4,561
Senior Debt | Term loan facility
Long-term debt
Long-term debt gross	495,970	498,462
Equipment term loans
Long-term debt
Total	129,786
Long-term debt
Long-term debt gross	129,786	126,227
Total	129,786
Real estate term loan
Long-term debt
Less unamortized debt issuance costs	(400)
Capital leases
Long-term debt
Long-term debt gross	$ 6,475	$ 5,757

LONG-TERM DEBT - Line of Credit

LONG-TERM DEBT - Line of Credit and Senior Term Loan (Details) - USD ($)	Jun. 15, 2018	Nov. 28, 2017	Aug. 31, 2017	Aug. 16, 2017	Aug. 15, 2017	Feb. 27, 2017	Apr. 30, 2016	Jun. 30, 2018	Jun. 30, 2018	Jun. 30, 2017
LONG-TERM DEBT
Proceeds from Term Loan Facility										$ 289,500,000
Senior Debt
LONG-TERM DEBT
Credit facility						$ 350,000,000
Senior term loan
LONG-TERM DEBT
Fixed charge coverage ratio Trailing Period									12 months
Real estate term loan
LONG-TERM DEBT
Monthly installments									$ 59,109
Term loan amortization period									20 years
Loan amount							$ 14,200,000
Real estate term loan | LIBOR
LONG-TERM DEBT
Basis spread on variable rate							2.75%
Term loan facility
LONG-TERM DEBT
Credit facility						$ 250,000,000
Term loan facility | Credit Suisse AG
LONG-TERM DEBT
Percentage of EBITDA permitted to be added back (as a percent)									25.00%
Repayment of term loan (in percentage)									50.00%
Percentage of excess cash flow, mandatory prepayment, 2018									50.00%
Percentage of excess cash flow, mandatory prepayment, 2019									25.00%
Percentage of excess cash flow, mandatory prepayment, 2020									0.00%
Term loan facility | Credit Suisse AG | Commencing March 31 2018
LONG-TERM DEBT
Consolidated total leverage ratio commencing on March 31, 2018									4.25%
Term loan facility | Credit Suisse AG | Commencing March 31 2019
LONG-TERM DEBT
Consolidated total leverage ratio commencing on March 31, 2019									4.00%
Term loan facility | Credit Suisse AG | Commencing March 31 2021
LONG-TERM DEBT
Consolidated total leverage ratio commencing on March 31, 2021									3.75%
Term loan facility | Credit Suisse AG | Base Rate
LONG-TERM DEBT
Floor rate (as a percent)						2.00%
Basis spread on variable rate		4.00%				4.50%
Term loan facility | Credit Suisse AG | LIBOR
LONG-TERM DEBT
Floor rate (as a percent)						1.00%
Basis spread on variable rate		5.00%				5.50%
Term loan facility | Senior Debt | Credit Suisse AG
LONG-TERM DEBT
Credit facility						$ 350,000,000
Average interest rate on term loan									6.80%
Term loan facility | Senior term loan | Credit Suisse AG
LONG-TERM DEBT
Credit facility						250,000,000
Uncommitted Incremental Facility | Senior Debt | Credit Suisse AG
LONG-TERM DEBT
Committed amount						65,000,000
Tack-on Loan
LONG-TERM DEBT
Credit facility		$ 150,000,000
ABL Member
LONG-TERM DEBT
Credit facility						70,000,000
Availability at closing								$ 82,400,000	$ 82,400,000
Excess availability falling below amount			$ 15,000,000
Maximum credit amount (as a percent)			20.00%
Number of consecutive days, a financial covenant requiring the Company to maintain a minimum consolidated fixed charge coverage ratio			60 days
Minimum consolidated fixed charge coverage ratio			1.00%
ABL Member | Commencing March 31 2018
LONG-TERM DEBT
Consolidated total leverage ratio commencing on March 31, 2018								4.25%
ABL Member | Commencing March 31 2021
LONG-TERM DEBT
Consolidated total leverage ratio commencing on March 31, 2021								3.75%
ABL Member | PNC Bank National Association
LONG-TERM DEBT
Credit facility	$ 100,000,000					$ 70,000,000
Term loan amortization period						5 years
Percentage of accounts receivable used as part of the borrowing base calculation						85.00%
Percentage of unbilled accounts receivable used as part of the borrowing base calculation						80.00%
Percentage of parts supplies used as part of the borrowing base calculation						50.00%
Line Of Credit Facility, Maximum	$ 30,000,000
Line of credit sublimit						$ 20,000,000
Outstanding letters of credit								$ 200,000	200,000
ABL Member | Letter of credit
LONG-TERM DEBT
Outstanding letters of credit								$ 8,700,000	$ 8,700,000
Revolving credit facility | PNC Bank National Association | Base Rate | Less than 1.25 to 1.00
LONG-TERM DEBT
Fixed charge coverage ratio									2.25%
Revolving credit facility | PNC Bank National Association | Base Rate | Greater than or equal to 1.25 to 1.00, but less than 1.50 to 1.00
LONG-TERM DEBT
Fixed charge coverage ratio									1.75%
Revolving credit facility | PNC Bank National Association | Base Rate | Greater than or equal to 1.50 to 1.00, but less than 1.75
LONG-TERM DEBT
Fixed charge coverage ratio									1.25%
Revolving credit facility | PNC Bank National Association | Base Rate | Greater than or equal to 1.75 to 1.00
LONG-TERM DEBT
Fixed charge coverage ratio									0.75%
Revolving credit facility | PNC Bank National Association | LIBOR | Less than 1.25 to 1.00
LONG-TERM DEBT
Fixed charge coverage ratio									3.25%
Revolving credit facility | PNC Bank National Association | LIBOR | Greater than or equal to 1.25 to 1.00, but less than 1.50 to 1.00
LONG-TERM DEBT
Fixed charge coverage ratio									2.75%
Revolving credit facility | PNC Bank National Association | LIBOR | Greater than or equal to 1.50 to 1.00, but less than 1.75
LONG-TERM DEBT
Fixed charge coverage ratio									2.25%
Revolving credit facility | PNC Bank National Association | LIBOR | Greater than or equal to 1.75 to 1.00
LONG-TERM DEBT
Fixed charge coverage ratio									1.75%
Delayed Draw Feature
LONG-TERM DEBT
Credit facility						100,000,000
Delayed Draw Feature | Credit Suisse AG
LONG-TERM DEBT
Leverage ratio									4.25%
Delayed Draw Feature | Senior Debt | Credit Suisse AG
LONG-TERM DEBT
Credit facility						$ 100,000,000
Leverage ratio				4.25%	3.50%
Proceeds from Term Loan Facility				$ 60,500,000

LONG-TERM DEBT - Equipment Term

LONG-TERM DEBT - Equipment Term Loans and Mortgages (Details)	1 Months Ended	3 Months Ended		6 Months Ended
	Apr. 30, 2016USD ($)item	Jun. 30, 2018USD ($)	Jun. 30, 2017USD ($)	Jun. 30, 2018USD ($)Lender	Jun. 30, 2017USD ($)	Dec. 31, 2017USD ($)	Nov. 30, 2017USD ($)	Feb. 28, 2017USD ($)
LONG-TERM DEBT
Loan balance		$ 632,231,000		$ 632,231,000		$ 635,007,000
Deferred finance charges							$ 4,800,000	$ 14,200,000
Book value recorded under capital leases		5,600,000		5,600,000		7,000,000
Accumulated depreciation		7,100,000		7,100,000		5,800,000
Depreciation expense leased equipment		700,000	$ 1,500,000	1,300,000	$ 3,000,000
Equipment term loans
LONG-TERM DEBT
Equipment with collateralizes term loans		125,600,000		125,600,000
Loan balance		$ 129,786,000		$ 129,786,000		$ 126,227,000
Number of lenders | Lender				37
Equipment term loans | Minimum
LONG-TERM DEBT
Interest rate (as a percent)		1.40%		1.40%
Equipment term loans | Maximum
LONG-TERM DEBT
Interest rate (as a percent)		10.80%		10.80%
Bank mortgage loan
LONG-TERM DEBT
Interest rate (as a percent)		3.70%		3.70%
Loan amount		$ 3,600,000		$ 3,600,000
Monthly installments				15,776
Real estate term loan
LONG-TERM DEBT
Loan amount	$ 14,200,000
Monthly installments				$ 59,109
Number of real estate assets | item	9
Term loan amortization period				20 years
Deferred finance charges		$ 400,000		$ 400,000
Debt issuance cost, amortization period				5 years
Real estate term loan | LIBOR
LONG-TERM DEBT
Basis spread on variable rate	2.75%
November 1 2020 | Equipment term loans
LONG-TERM DEBT
Number of days of adjustment of interest rate and monthly payments				45 days
November 1 2020 | Equipment term loans | Base Rate
LONG-TERM DEBT
Interest rate (as a percent)		2.50%		2.50%
November 1 2020 | Equipment term loans | Minimum
LONG-TERM DEBT
Interest rate (as a percent)		3.70%		3.70%

LONG-TERM DEBT - Additional inf

LONG-TERM DEBT - Additional information (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2018	Dec. 31, 2013	Dec. 31, 2017	Jun. 30, 2017
Long-term Debt and Capital Lease Obligations, Including Current Maturities [Abstract]
2,018	$ 48,391
2,019	38,336
2,020	27,132
2,021	17,979
2,022	13,208
Thereafter	487,792
Loan amount attributable to interest	(607)
Total	567,378		$ 574,301
Long-term debt and capital Lease Obligations, Total	632,231
Equipment term loans
Long-term Debt and Capital Lease Obligations, Including Current Maturities [Abstract]
2,018	41,092
2,019	34,081
2,020	23,716
2,021	14,610
2,022	10,207
Thereafter	6,080
Total	129,786
Capital leases
Long-term Debt and Capital Lease Obligations, Including Current Maturities [Abstract]
2,018	2,314
2,019	1,755
2,020	916
2,021	869
2,022	501
Thereafter	727
Total minimum lease payments	7,082
Loan amount attributable to interest	(607)
Total (Present value of minimum lease payments on capital leases)	6,475
Less current portion	(1,945)
Long-term capital leases	$ 4,530
Senior subordinated secured debt | Main Street Capital Corporation
Loan amount		$ 20,000
Interest rate (as a percent)		12.00%
Paid-in-kind interest (as a percent)		2.50%
Accrued, Paid-in-kind interest added to principal balance				$ 100
Senior subordinated secured debt | Prudential Capital Partners
Loan amount		$ 20,000
Interest rate (as a percent)		12.00%
Paid-in-kind interest (as a percent)		2.50%
Accrued, Paid-in-kind interest added to principal balance				$ 100
Subordinated notes
Make-whole payment	5.00%
Subordinated notes | LST Seller notes
Loan amount	$ 22,000
Interest rate (as a percent)	10.00%
Subordinated notes | DTR Seller notes
Loan amount	$ 1,000
Interest rate (as a percent)	5.00%
Subordinated notes | BHE Seller notes
Loan amount	$ 2,000
Interest rate (as a percent)	7.00%
Term loan facility
Long-term Debt and Capital Lease Obligations, Including Current Maturities [Abstract]
2,018	$ 4,985
2,019	2,500
2,020	2,500
2,021	2,500
2,022	2,500
Thereafter	480,985
Total	$ 495,970

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2018	Dec. 31, 2017
INCOME TAXES
Effective tax rate	1371.00%	(113.60%)	666.20%	4.70%
Deferred tax benefit due to TCJA	$ 14,000,000		$ 14,000,000
Statutory federal tax rate					21.00%	35.00%
Uncertain tax positions	$ 0		$ 0

STOCKHOLDERS_ EQUITY (Details)

STOCKHOLDERS’ EQUITY (Details)	Jun. 20, 2018$ / shares	Jun. 06, 2018USD ($)shares	Jun. 01, 2018USD ($)$ / shares	May 22, 2018$ / shares	Mar. 15, 2018$ / shares	Feb. 27, 2018$ / shares	Feb. 16, 2018shares	Feb. 14, 2018USD ($)$ / sharesshares	Sep. 20, 2017shares	Sep. 19, 2017USD ($)$ / sharesshares	Jul. 28, 2017$ / shares	Apr. 24, 2017$ / shares	Feb. 27, 2017USD ($)$ / sharesshares	Feb. 21, 2017$ / shares	Feb. 28, 2017shares	Jun. 30, 2018USD ($)Vote$ / sharesshares	Jun. 30, 2017USD ($)$ / shares	Jun. 30, 2018USD ($)DVote$ / sharesshares	Jun. 30, 2017USD ($)$ / shares	Dec. 31, 2017$ / shares
Number of votes for each common stock | Vote																1		1
Issuance of common stock (in shares)								7,500,000		5,292,000
Proceeds from issuance of common stock | $								$ 84,600,000		$ 63,600,000								$ 84,569,000	$ 64,577,000
Shares issued on pro rata basis | $			$ 5,000,000
Common stock, par value | $ / shares			$ 0.0001													$ 0.0001		$ 0.0001		$ 0.0001
Purchase price paid in common stock (in value) | $																$ 15,355,000	$ 3,438,000	$ 15,355,000	3,438,000
2017 Omnibus Incentive Plan
Shares of common stock reserved for future issuance																1,500,000		1,500,000
Warrants
Total number of warrants outstanding																35,040,658		35,040,658
Share issued for exercise of warrants (in shares)																17,520,329		17,520,329
Shares that can be purchased out of each warrant																0.50		0.50
Exercise price per half share (in dollars per share) | $ / shares																		$ 5.75
Exercise price per whole share (in dollars per share) | $ / shares																$ 11.50		$ 11.50
Number of fractional shares to be issued																		0
Expiration term of public warrants																		5 years
Public Warrants
Total number of warrants outstanding																19,959,902		19,959,902
Redemption price per warrant | $ / shares																		$ 0.01
Redemption price per warrant subject to stated common stock value | $ / shares																		$ 24
Number of trading days in which the price per share should equals or exceeds $24.00 per share to call the Public Warrants for redemption | D																		20
Warrants exercisable period																		30 days
Private Placement Warrants
Total number of warrants outstanding																15,080,756		15,080,756
Hennessy Capital Acquisition Corp II and HCAC Merger Sub Inc
Proceeds from issuance of common stock | $													$ 83,429,000
Common stock, par value | $ / shares													$ 10
Proceeds from convertible preferred stock | $													$ 65,000,000
Aveda
Purchase price paid in common stock (in shares)		1,612,979
Purchase price paid in common stock (in value) | $		$ 15,400,000
Selling Stockholders
Selling price to public | $ / shares								$ 10.60		$ 12
Underwriting agreement
Issuance of common stock (in shares)							1,125,000		793,800
Duration to purchase additional shares							30 days		30 days
Series A
Proceeds from convertible preferred stock | $																			$ (65,000,000)
Preferred stock, par value | $ / shares																$ 0.0001		$ 0.0001
Number of shares of the company's stock issued upon initial conversion																8.6957		8.6957
Initial conversion rate per share (in dollars per share) | $ / shares																$ 11.50		$ 11.50
Number of years of anniversary from issue date for holder elects to convert (in years)																		7 years
Number of consecutive trading days at option by delivery of Notice of Conversion (in days)																		10 days
Number of consecutive trading days commencing on trading day immediately following notice (in days)																		20 days
Shares would be issuable upon conversion of currently outstanding shares (in shares)																		5,652,173
Minimum percentage of weighted average price of common stock under preferred stock conversion on or after third anniversary (as a percent)																		140.00%
Minimum trading days of weighted average price of common stock under preferred stock conversion on or after third anniversary (in days)																		20 days
Maximum trading days of weighted average price of common stock under preferred stock conversion on or after third anniversary (in days)																		30 days
Minimum percentage of weighted average price of common stock under preferred stock conversion on or after fifth anniversary (as a percent)																		115.00%
Minimum trading days of weighted average price of common stock under preferred stock conversion on or after fifth anniversary (in days)																		20 days
Maximum trading days of weighted average price of common stock under preferred stock conversion on or after fifth anniversary (in days)																		30 days
Minimum trading days of weighted average price of common stock under preferred stock conversion on or after seventh anniversary (in days)																		10 days
Maximum days for conversion of preferred stock into common stock due to fundamental changes (in days)																		15 days
Base price for calculation of conversion rate | $ / shares																		$ 100
Percentage of closing sale price of common stock																66.67%		66.67%
Minimum percentage of shares of common stock owned by holder for limitation in preferred stock																		9.99%
Maximum percentage of shares can be converted to common stock																		19.99%
Preferred share liquidation amount per share | $ / shares																$ 100		$ 100
Dividend rate (as a percent)																7.625%	7.625%	7.625%	7.625%
Preferred stock, quarterly dividend declared (in dollars per share) | $ / shares				$ 1.91		$ 1.91						$ 0.68				$ 1.91	$ 0.68	$ 3.81	$ 0.68
Dividend paid (in dollars per share) | $ / shares	$ 1.91				$ 1.91						$ 0.68
Accrued convertible preferred dividends | $																	$ 1,693,000		$ 1,693,000
Series A | Maximum
Number of business days following tenth consecutive trading day to convert shares (in days)																		5 days
Number of trading days from receipt of Notice of Conversion (in days)																		2 days
Series A | Hennessy Capital Acquisition Corp II and HCAC Merger Sub Inc
Preferred stock, issued (in shares)																650,000		650,000
Proceeds from convertible preferred stock | $																		$ 65,000,000
Series A | Private placement | Hennessy Capital Acquisition Corp II and HCAC Merger Sub Inc
Issuance of common stock (in shares)													650,000
Proceeds from convertible preferred stock | $													$ 65,000,000
Series B
Preferred stock, issued (in shares)															64,500
Preferred stock, quarterly dividend declared (in dollars per share) | $ / shares														$ 12.50					$ 12.50
Dividend paid (in dollars per share) | $ / shares													$ 12.50
Conversion of Convertible Stock to common shares (in shares)															9,301,150

STOCK-BASED COMPENSATION Option

STOCK-BASED COMPENSATION Options (Details) - USD ($)	6 Months Ended	13 Months Ended	16 Months Ended
	Jun. 30, 2018	Jun. 30, 2018	Jun. 30, 2018	Dec. 31, 2017	Feb. 27, 2017
Director Group
Stock option grants under the Plan
# of Options Granted			150,000
Issued and Outstanding (in shares)	145,000	145,000	145,000
Weighted Average Exercise Price (in dollars per share)			$ 9.98
Weighted Average Grant Date Fair Value (in dollars)			$ 632,200
Employee Group
Stock option grants under the Plan
# of Options Granted			1,767,495
Issued and Outstanding (in shares)	1,713,289	1,713,289	1,713,289
Weighted Average Exercise Price (in dollars per share)			$ 10.51
Weighted Average Grant Date Fair Value (in dollars)			$ 7,829,731
2017 Omnibus Incentive Plan
Stock options and restricted stock units granted under the 2017 Plan
Number of shares authorized					4,500,000
2017 Omnibus Incentive Plan | Stock Option
Stock option grants under the Plan
# of Options Granted	253,000
Issued and Outstanding (in shares)	1,858,289	1,858,289	1,858,289	1,655,995
Weighted Average Exercise Price (in dollars per share)	$ 11.20
2017 Omnibus Incentive Plan | Director Group
Stock option grants under the Plan
Vesting Period (in years)	5 years
Restricted stock unit grants under the Plan
Vesting Period (in years)	5 years
2017 Omnibus Incentive Plan | Employee Group
Stock option grants under the Plan
Vesting Period (in years)	5 years
Restricted stock unit grants under the Plan
Vesting Period (in years)	5 years
2017 Omnibus Incentive Plan | Restricted Stock Units (RSUs)
Stock option grants under the Plan
Vesting Period (in years)	5 years
Restricted stock unit grants under the Plan
# of Restricted Stock Units Granted	560,503	1,569,371
Issued and outstanding	995,751	995,751	995,751	763,591
Vesting Period (in years)	5 years
Grant Date Fair Value	$ 16,619,639	$ 16,619,639	$ 16,619,639

STOCK-BASED COMPENSATION Fair V

STOCK-BASED COMPENSATION Fair Value (Details)	6 Months Ended
	Jun. 30, 2018
Fair value of stock option grants
Weighted average expected life	6 years 6 months
Expected dividend rate	0.00%
Minimum
Fair value of stock option grants
Risk-free interest rate	2.28%
Expected volatility	37.60%
Maximum
Fair value of stock option grants
Risk-free interest rate	2.63%
Expected volatility	39.90%

STOCK-BASED COMPENSATION Opti61

STOCK-BASED COMPENSATION Option Activity (Details) - 2017 Omnibus Incentive Plan - Stock Option $ / shares in Units, $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2018USD ($)$ / sharesshares	Dec. 31, 2017USD ($)$ / sharesshares
Shares
Outstanding, at the beginning (in shares) | shares	1,655,995
Granted (in shares) | shares	253,000
Exercised (in shares) | shares	(5,000)
Forfeited or expired (in shares) | shares	(45,706)
Outstanding, at the end (in shares) | shares	1,858,289	1,655,995
Exercisable at the end, Shares | shares	280,395
Weighted Average Exercise Price
Outstanding, at the beginning (in dollars per shares) | $ / shares	$ 10.36
Granted (in dollars per shares) | $ / shares	11.20
Exercised (in dollars per shares) | $ / shares	9.98
Forfeited or expired (in dollars per shares) | $ / shares	10.44
Outstanding, at the end (in dollars per shares) | $ / shares	10.48	$ 10.36
Exercisable at the end (in dollars per shares) | $ / shares	$ 9.98
Weighted Average Remaining Contractual Terms and Aggregate Intrinsic Value
Weighted Average Remaining Contractual Terms (Years)	8 years 10 months 24 days	9 years 3 months 18 days
Weighted Average Remaining Contractual Terms, Granted (Years)	10 years
Exercisable at the end, Weighted Average Remaining Contractual Terms (Years)	8 years 8 months 12 days
Aggregate Intrinsic Value, Outstanding, at the beginning (in dollars) | $	$ 6,505
Aggregate Intrinsic Value, Outstanding at the end (in dollars) | $	33	$ 6,505
Exercisable at the end, Aggregate intrinsic value (in thousands) | $	$ 2
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period	10 years

STOCK-BASED COMPENSATION Restri

STOCK-BASED COMPENSATION Restricted Stock (Details) - 2017 Omnibus Incentive Plan - Restricted Stock Units (RSUs) - $ / shares	6 Months Ended	13 Months Ended
	Jun. 30, 2018	Jun. 30, 2018
Number of Units
Outstanding at the beginning (in units)	763,591
Granted (in units)	560,503	1,569,371
Exercised (in units)	(105,733)
Forfeited (in units)	(222,610)
Outstanding at the end (in units)	995,751	995,751
Weighted Average Grant Date Fair Value (Per Unit)
Outstanding at the beginning (per unit)	$ 9.98
Granted (per unit)	11.66
Exercised (per unit)	9.36
Forfeited (per unit)	11.54
Outstanding at the end (per unit)	$ 10.64	$ 10.64

STOCK-BASED COMPENSATION Aggreg

STOCK-BASED COMPENSATION Aggregate (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Stock Option
Stock-based compensation
Unrecognized stock-based compensation expense	$ 6.6		$ 6.6
Weighted average period of recognition			4 years
Restricted Stock Units (RSUs)
Stock-based compensation
Unrecognized stock-based compensation expense	9.9		$ 9.9
Weighted average period of recognition			4 years 3 months 18 days
Salaries, wages and employee benefits
Stock-based compensation
Aggregate stock-based compensation charges	$ 0.9	$ 0.5	$ 1.8	$ 0.5

DEFINED CONTRIBUTION PLAN (Deta

DEFINED CONTRIBUTION PLAN (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
DEFINED CONTRIBUTION PLAN
Company's expense under matching requirements	$ 1.1	$ 0.6	$ 1.9	$ 1.2
Matching contribution not yet merged	$ 0.1	$ 0	$ 0.2	$ 0

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Letter of credit
Operating Leased Assets [Line Items]
Outstanding letters of credit	$ 10.6		$ 10.6
Revenue Equipment
Operating Leased Assets [Line Items]
Rent expense	4.6	$ 4.1	9	$ 7.9
Office and Terminals
Operating Leased Assets [Line Items]
Rent expense	$ 3	$ 1.6	$ 5.7	$ 2.4

REPORTABLE SEGMENTS (Details)

REPORTABLE SEGMENTS (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Segment Reporting Information, Profit (Loss) [Abstract]
Total revenue	$ 376,899	$ 197,323	$ 704,480	$ 357,757
Operating income (loss)	8,508	4,464	16,265	3,616
Depreciation	25,527	16,196	48,815	31,069
Amortization of intangible assets	6,239	1,442	8,133	2,884
Interest expense	11,070	6,544	21,407	12,440
Income (loss) before provision for income taxes	(1,061)	(1,923)	(2,241)	(12,438)
Total assets	1,324,102	694,995	1,324,102	694,995	$ 1,125,668
Capital expenditures	23,543	5,312	31,123	6,806
Operating Segments
Segment Reporting Information, Profit (Loss) [Abstract]
Intersegment revenues and expenses			2,100	1,700
Corporate/Eliminations
Segment Reporting Information, Profit (Loss) [Abstract]
Total revenue	(3,638)	(1,560)	(5,953)	(3,103)
Operating income (loss)	(7,867)	(6,447)	(12,218)	(12,181)
Depreciation	25	39	56	78
Interest expense	6,384	2,984	12,368	5,260
Income (loss) before provision for income taxes	(13,048)	(9,398)	(23,049)	(21,109)
Total assets	57,301	35,590	57,301	35,590
Capital expenditures	219	24	410	48
Flatbed | Operating Segments
Segment Reporting Information, Profit (Loss) [Abstract]
Intersegment revenues and expenses	1,300	700
Total revenue	162,179	86,898	307,187	168,202
Operating income (loss)	9,269	6,322	16,232	10,201
Depreciation	6,726	6,823	13,669	13,905
Amortization of intangible assets	2,508	437	2,945	874
Interest expense	1,957	1,722	3,805	3,486
Income (loss) before provision for income taxes	7,436	4,623	12,632	6,728
Total assets	409,537	276,726	409,537	276,726
Capital expenditures	1,865	138	2,396	224
Specialized | Operating Segments
Segment Reporting Information, Profit (Loss) [Abstract]
Intersegment revenues and expenses	2,400	800	3,900	1,400
Total revenue	218,358	111,985	403,246	192,658
Operating income (loss)	7,106	4,589	12,251	5,596
Depreciation	18,776	9,334	35,090	17,086
Amortization of intangible assets	3,731	1,005	5,188	2,010
Interest expense	2,729	1,838	5,234	3,694
Income (loss) before provision for income taxes	4,551	2,852	8,176	1,943
Total assets	857,264	382,679	857,264	382,679
Capital expenditures	$ 21,459	$ 5,150	$ 28,317	$ 6,534

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Numerator
Net income (loss) available to common stockholders	$ 12,246	$ (5,800)	$ 10,210	$ (14,352)
Numerator:
Net income (loss)	13,485	(4,107)	12,688	(11,852)
Less preferred dividends			(2,478)
Allocation of earnings to nonvested participating restricted stock units	(222)		(182)
Numerator for basic and diluted EPS	$ 12,024	$ (5,800)	$ 10,028	$ (14,352)
Denominator:
Basic weighted average common shares outstanding	59,460	37,945	56,902	32,469
Weighted average nonvested participating restricted stock units	1,099		1,034
Weighted Average Number of Shares Outstanding, Diluted	60,559	37,945	57,936	32,469
Earnings Per Share, Basic and Diluted	$ 0.20	$ (0.15)	$ 0.17	$ (0.44)
Denominator for diluted earnings per share - adjusted weighted average shares and consumed conversions	60,559	37,945	57,936	32,469
Series A
Numerator:
Less preferred dividends	$ (1,239)	$ (1,693)	$ (2,478)	$ (1,694)
Denominator:
Preferred stock dividend rate (as a percent)	7.625%	7.625%	7.625%	7.625%
Series B
Numerator:
Less preferred dividends				$ (806)

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) $ in Thousands	Aug. 01, 2018USD ($)itemshares	Jul. 01, 2018USD ($)itemshares	Jun. 30, 2018USD ($)	Jun. 30, 2017USD ($)
SUBSEQUENT EVENTS
Equity transferred			$ 15,355	$ 3,438
Flatbed | Subsequent Event | Builders Transportation
SUBSEQUENT EVENTS
Outstanding debt assumed	$ 17,500
Total consideration	53,800
Cash	$ 32,900
Number of shares transferred | shares	399,530
Equity transferred	$ 3,400
Capital lease obligation assumed	$ 17,500
Specialized | Subsequent Event | Two Acquisitions July 1 and August 1, 2018
SUBSEQUENT EVENTS
Number of acquisitions | item	2	2
Voting interest acquired (as a percent)	100.00%	100.00%
Outstanding debt assumed	$ 10,600	$ 10,600
Total consideration	31,600	31,600
Cash	$ 20,100	$ 20,100
Number of shares transferred | shares	95,803	95,803
Equity transferred	$ 900	$ 900
Capital lease obligation assumed	$ 10,600	$ 10,600