Daseke (DSKE) 10-Q 6 Nov 18 2018 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2018	Nov. 05, 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	Sep. 30, 2018
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Filer Category	Accelerated Filer
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q3
Entity Small Business	false
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Common shares outstanding		64,454,182

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Current assets:
Cash and cash equivalents	$ 18,077	$ 90,679
Accounts receivable, net of allowance of $788 and $212 at September 30, 2018 and December 31, 2017, respectively	233,983	127,368
Drivers’ advances and other receivables	6,045	4,792
Current portion of net investment in sales-type leases	15,744	10,979
Parts supplies	5,366	4,653
Prepaid and other current assets	33,458	28,240
Total current assets	312,673	266,711
Property and equipment, net	562,659	429,639
Intangible assets, net	212,009	93,120
Goodwill	274,291	302,702
Other long-term assets	44,902	33,496
Total assets	1,406,534	1,125,668
Current liabilities:
Accounts payable	25,534	12,488
Accrued expenses and other liabilities	54,370	25,876
Accrued payroll, benefits and related taxes	20,315	14,004
Accrued insurance and claims	14,351	12,644
Current portion of long-term debt	58,407	43,056
Total current liabilities	172,977	108,068
Line of credit	15,664	4,561
Long-term debt, net of current portion	594,360	569,740
Deferred tax liabilities	134,057	90,434
Other long-term liabilities	20,960	1,632
Total liabilities	938,018	774,435
Commitments and contingencies (Note 15)
Stockholders’ equity:
Common stock, par value $0.0001 per share; 250,000,000 shares authorized, 64,445,371 and 48,712,288 shares issued and outstanding at September 30, 2018 and December 31, 2017, respectively	6	5
Additional paid-in-capital	432,795	277,931
Retained earnings (accumulated deficit)	(29,710)	7,338
Accumulated other comprehensive income	425	959
Total stockholders’ equity	468,516	351,233
Total liabilities and stockholders’ equity	1,406,534	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 ($)	Sep. 30, 2018	Dec. 31, 2017
Net of allowance	$ 788,000	$ 212,000
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	250,000,000	250,000,000
Common stock, issued	64,445,371	48,712,288
Common stock, outstanding	64,445,371	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		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Revenues:
Total revenue	$ 461,589	$ 231,322	$ 1,166,069	$ 589,079
Operating expenses:
Salaries, wages and employee benefits	114,776	64,955	287,735	174,253
Operations and maintenance	51,494	35,132	126,427	86,332
Communications	920	539	2,426	1,491
Administrative expenses	16,075	8,619	41,290	24,019
Sales and marketing	1,007	488	2,295	1,425
Insurance and claims	12,738	6,351	32,350	15,516
Acquisition-related transaction expenses	601	773	2,442	2,255
Depreciation and amortization	36,800	19,805	93,748	53,758
Gain on disposition of revenue property and equipment	(899)	(339)	(1,545)	(513)
Impairment			2,840
Total operating expenses	447,672	225,618	1,135,887	579,759
Income from operations	13,917	5,704	30,182	9,320
Other expense (income):
Interest income	(170)	(76)	(1,213)	(130)
Interest expense	11,839	8,624	33,246	21,064
Write-off of unamortized deferred financing fees				3,883
Other	(603)	(32)	(2,462)	(247)
Total other expense	11,066	8,516	29,571	24,570
Income (loss) before provision (benefit) for income taxes	2,851	(2,812)	611	(15,250)
Provision (benefit) for income taxes	670	(2,862)	(14,258)	(3,448)
Net income (loss)	2,181	50	14,869	(11,802)
Other comprehensive income (loss):
Unrealized income on interest rate swaps				52
Foreign currency translation adjustments, net of tax expense (benefit) of $105, $283, $(146) and $556, respectively	409	526	(534)	1,032
Comprehensive income (loss)	2,590	576	14,335	(10,718)
Net income (loss)	2,181	50	14,869	(11,802)
Convertible preferred stockholders dividend		(1,225)	(1,239)
Net income (loss) attributable to common stockholders	$ 942	$ (1,175)	$ 11,152	$ (15,527)
Net income (loss) per common share:
Basic and Diluted (in dollars per share)	$ 0.01	$ (0.03)	$ 0.18	$ (0.45)
Weighted-average common shares outstanding:
Basic and Diluted (in shares)	65,289,320	39,359,523	60,413,694	34,790,861
Basic (in shares)	64,310	39,360	59,398	34,791
Diluted (in shares)	65,289	39,360	60,413	34,791
Series A
Other comprehensive income (loss):
Convertible preferred stockholders dividend	$ (1,239)	$ (1,225)	$ (3,717)	$ (2,919)
Weighted-average common shares outstanding:
Dividends declared per convertible preferred share	$ 1.91	$ 1.91	$ 5.72	$ 2.59
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	$ 329,474	$ 171,245	$ 842,128	$ 446,454
Operating expenses:
Cost of revenue	170,548	61,598	429,948	148,945
Brokerage
Revenues:
Total revenue	82,203	34,198	188,432	83,723
Logistics
Revenues:
Total revenue	11,656	7,871	31,265	10,571
Fuel
Revenues:
Total revenue	38,256	18,008	104,244	48,331
Operating expenses:
Cost of revenue	38,931	24,734	103,666	64,423
Service
Operating expenses:
Taxes and licenses	$ 4,681	$ 2,963	$ 12,265	$ 7,855

CONSOLIDATED STATEMENTS OF OP_2

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Consolidated Statements of Operations and Comprehensive Loss
Foreign currency translation adjustments tax expense	$ 105	$ 283	$ (146)	$ 556

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Series A convertible preferred stockSeries A convertible preferred stock	Series B convertible preferred stockSeries B Convertible Preferred Shares	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, 2016		$ 1		$ 2	$ 117,807	$ (14,694)	$ (52)	$ 103,064
Balance (in Shares) at Dec. 31, 2016		64,500		20,980,961
Issuance of common stock	$ 65,000							65,000
Issuance of common stock (in shares)	650,000
Convertible preferred stockholders dividend						(806)		(806)
Income on interest rate swaps							52	52
Repurchase of common stock ( in Value)				$ (1)	(36,167)			(36,168)
Repurchase of common shares (in Shares)				(3,616,781)
Convertible Preferred Stock to common stock		$ (1)		$ 1
Convertible Preferred Stock to common shares (in Shares)		(64,500)		9,301,150
Shares assumed by legal acquirer (in Value)				$ 1	83,639			83,640
Shares assumed by legal acquirer ( in shares)				11,050,630
Settlement of legal acquirer transaction costs					(19,063)			(19,063)
Net income (loss)						(7,746)		(7,746)
Balance (in Value) at Mar. 31, 2017	$ 65,000			$ 3	146,216	(23,246)		187,973
Balance (in Shares) at Mar. 31, 2017	650,000			37,715,960
Balance (in Value) at Dec. 31, 2016		$ 1		$ 2	117,807	(14,694)	(52)	103,064
Balance (in Shares) at Dec. 31, 2016		64,500		20,980,961
Foreign currency translation adjustments								1,032
Net income (loss)								(11,802)
Balance (in Value) at Sep. 30, 2017	$ 65,000			$ 4	222,102	(30,221)	1,032	257,917
Balance (in Shares) at Sep. 30, 2017	650,000			44,480,232
Balance (in Value) at Mar. 31, 2017	$ 65,000			$ 3	146,216	(23,246)		187,973
Balance (in Shares) at Mar. 31, 2017	650,000			37,715,960
Issuance of common stock					3,437			3,437
Issuance of common stock (in shares)				342,133
Convertible preferred stockholders dividend						(1,694)		(1,694)
Stock based compensation expense					538			538
Foreign currency translation adjustments							506	506
Net income (loss)						(4,106)		(4,106)
Balance (in Value) at Jun. 30, 2017	$ 65,000			$ 3	150,191	(29,046)	506	186,654
Balance (in Shares) at Jun. 30, 2017	650,000			38,058,093
Issuance of common stock				$ 1	71,248			71,249
Issuance of common stock (in shares)				6,422,139
Convertible preferred stockholders dividend						(1,225)		(1,225)
Stock based compensation expense					663			663
Foreign currency translation adjustments							526	526
Net income (loss)						50		50
Balance (in Value) at Sep. 30, 2017	$ 65,000			$ 4	222,102	(30,221)	1,032	257,917
Balance (in Shares) at Sep. 30, 2017	650,000			44,480,232
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
Issuance of common stock				$ 1	84,568			84,569
Issuance of common stock (in shares)				8,545,000
Convertible preferred stockholders dividend						(1,239)		(1,239)
Stock based compensation expense					886			886
Foreign currency translation adjustments							(320)	(320)
Net income (loss)						(797)		(797)
Balance (in Value) at Mar. 31, 2018	65,000			$ 6	363,435	5,302	639	434,382
Balance (in Shares) at Mar. 31, 2018			650,000	57,262,288
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
Issuance of earnout shares								48,200
Convertible preferred stockholders dividend								(1,239)
Stock based compensation expense								928
Foreign currency translation adjustments								(534)
Net income (loss)								14,869
Balance (in Value) at Sep. 30, 2018	65,000			$ 6	432,795	(29,710)	425	468,516
Balance (in Shares) at Sep. 30, 2018			650,000	64,445,371
Balance (in Value) at Mar. 31, 2018	65,000			$ 6	363,435	5,302	639	434,382
Balance (in Shares) at Mar. 31, 2018			650,000	57,262,288
Issuance of common stock					15,355			15,355
Issuance of common stock (in shares)				1,612,979
Issuance of earnout shares					48,200	(48,200)
Issuance of earnout shares (in shares)				5,000,000
Convertible preferred stockholders dividend						(1,239)		(1,239)
Stock based compensation expense					902			902
Foreign currency translation adjustments							(623)	(623)
Net income (loss)						13,485		13,485
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
Exercised of warrants (in shares)				2
Vesting of restricted stock units (in Value)					(376)			(376)
Vesting of restricted stock units (in Shares)				74,713
Issuance of common stock					4,351			4,351
Issuance of common stock (in shares)				495,389
Convertible preferred stockholders dividend						(1,239)
Stock based compensation expense					928
Foreign currency translation adjustments							409	409
Net income (loss)						2,181		2,181
Balance (in Value) at Sep. 30, 2018	$ 65,000			$ 6	$ 432,795	$ (29,710)	$ 425	$ 468,516
Balance (in Shares) at Sep. 30, 2018			650,000	64,445,371

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Cash flows from operating activities
Net income (loss)	$ 14,869	$ (11,802)
Adjustments to reconcile net income (loss) to net cash provided by operating activities
Depreciation	81,572	49,109
Amortization of intangible assets	12,176	4,649
Amortization of deferred financing fees	2,222	1,330
Write-off of deferred financing fees		3,883
Stock-based compensation expense	2,716	1,201
Deferred taxes	(16,103)	(4,849)
Bad debt expense	633	347
Non-cash interest expense		92
Gain on disposition of revenue property and equipment	(1,545)	(513)
Gain on disposition of building	(817)
Deferred gain recognized on sales-type leases	(1,974)	(793)
Impairment	2,840
Changes in operating assets and liabilities
Accounts receivable	(57,526)	(28,567)
Drivers’ advances and other receivables	(609)	547
Payments received on sales-type leases	10,522	3,774
Prepaid and other current assets	(9,549)	(339)
Accounts payable	(5,646)	3,224
Accrued expenses and other liabilities	12,979	5,478
Net cash provided by operating activities	46,760	26,771
Cash flows from investing activities
Purchase of property and equipment	(58,844)	(15,565)
Proceeds from sale of property and equipment	15,569	5,252
Cash paid in acquisitions, net of cash acquired	(131,809)	(91,133)
Net cash used in investing activities	(175,084)	(101,446)
Cash flows from financing activities:
Advances on line of credit	774,976	543,404
Repayments on line of credit	(763,873)	(550,261)
Advances on long-term debt	6,104
Principal payments on and payoff of long-term debt	(40,985)	(231,817)
Proceeds from Term Loan Facility		350,000
Deferred financing fees	(998)	(14,411)
Pay off of subordinated debt		(66,715)
Proceeds from issuance of common stock	84,193	128,184
Repurchase of common stock		(36,168)
Exercise of options	50
Net cash provided by financing activities	55,750	183,520
Effect of exchange rates on cash and cash equivalents	(28)	(30)
Net (decrease) increase in cash and cash equivalents	(72,602)	108,815
Cash and cash equivalents – beginning of period	90,679	3,695
Cash and cash equivalents – end of period	18,077	112,510
Supplemental disclosure of cash flow information
Cash paid for interest	30,963	20,916
Cash paid for income taxes	1,805	629
Noncash investing and financing activities
Property and equipment acquired with debt or capital lease obligations	36,100	13,609
Accrued capital expenditures	5,921
Property and equipment sold for notes receivable	431	412
Property and equipment transferred to sales-type lease	8,377	7,042
Sales-type lease returns to property and equipment	465	724
Sales-type lease assets acquired with debt or capital lease obligations	9,873
Sales-type lease assets sold for notes receivable	46,228	21,488
Sales-type lease returns to sales-type lease assets	24,044	13,795
Common stock issued in acquisitions	19,706	11,079
Issuance of earnout shares	48,200
Series A
Cash flows from financing activities:
Issuance of convertible preferred stock		(65,000)
Convertible preferred stock dividends	$ (3,717)	(1,680)
Noncash investing and financing activities
Accrued convertible preferred dividends		1,239
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	9 Months Ended
	Sep. 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 (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 nine months ended September 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 September 30, 2018 and December 31, 2017, the balance of deferred finance charges was $16.4 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 $0.7 million and $0.5 million for the three months ended September 30, 2018 and 2017, respectively, and $2.2 million and $1.3 million for the nine months ended September 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. Interest Rate Swaps 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 three and nine months ended September 30, 2017 (in thousands): 2017 Balance at January 1, 2017 $ (52) Change in fair value 52 Balance at June 30, 2017 — Change in fair value — Balance at September 30, 2017 $ — Contingent Consideration The contingent consideration liabilities represent future payment obligations that relate to certain EBITDA thresholds related to the Company’s acquisitions over a defined period of time. See Note 4 for additional details on the future payment obligations connected to the Company’s acquisitions. The fair value of the Company’s contingent consideration liabilities are determined using estimates based on discount rates that reflect the risk involved and the projected EBITDA of the acquired businesses, therefore the liabilities are classified within Level 3 of the fair value framework. The table below is a summary of the changes in the fair value of this liability for the three and nine months ended September 30, 2018 and 2017 (in thousands): 2017 Balance at January 1, 2017 $ — Change in fair value — Balance at June 30, 2017 $ — 2017 Acquisitions 1,140 Balance at September 30, 2017 $ 1,140 2018 Balance at January 1, 2018 $ 800 2018 Acquisitions 20,300 Change in fair value (700) Balance at June 30, 2018 $ 20,400 Change in fair value — Balance at September 30, 2018 $ 20,400 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 U.S. 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 non-vested 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 had 16 operating segments as of September 30, 2018 and 12 operating segments as of September 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 nine months ended September 30, 2018 and 2017, shares of the Company’s 7.625% Series A Convertible Cumulative Preferred Stock (Series A Preferred Stock) and outstanding stock options were not included in the computation of diluted earnings (loss) per share as their effects were anti-dilutive. Additionally, for the three and nine months ended September 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 nine months ended September 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. See Note 17 for the effects of non-vested restricted stock units on basic and diluted earnings per share under the two-class method. 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 contract that (i) requires 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 contract that (i) requires 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 functional currency for all operations except Canada is the United States dollar. 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 U.S. dollars are included as a separate component of stockholders’ equity in accumulated other comprehensive income 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. 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 September 30, 2018 and December 31, 2017, totaled $10.4 million and $9.9 million, respectively. Assets held for sale totaled $7.2 million and $7.0 million for the Flatbed Solutions segment as of September 30, 2018 and December 31, 2017, respectively. Assets held for sale totaled $3.2 million and $2.9 million for the Specialized Solutions segment as of September 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 August 2018, the Financial Accounting Standards Board (FASB) issued Accounting Standards Updated (ASU) 2018-15, Intangibles – Goodwill and Other – Internal-Use Software (Subtopic 350-40). ASU 2018-15 aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement (Cloud-based) that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software. ASU 2018-15 will become effective for annual periods beginning after December 15, 2019 and interim periods within those periods, with early adoption permitted. ASU 2018-15 can be applied either retrospectively or prospectively to all implementation costs incurred after the date of adoption. The Company has elected to early adopt ASU 2018-15 on a prospective basis and has capitalized relevant software implementation costs in the three months ended September 30, 2018. In March 2018, the FASB issued 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 Annual Report on Form 10-K filed March 16, 2018 and as described in SAB 118 carried forward through September 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 nine months ended September 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 2016-15 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. In July 2018, the FASB issued an ASU 2018-10 and ASU 2018-11 to further clarify narrow aspects of the guidance issued in ASU 2016-02 specifically regarding transition adoption and separating components of a contract. 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, selected lease accounting specific software, identified the Company’s population of operating leases to extract relevant lease terms, elected guidance practical expedients and drafted preliminary policy documents. 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	9 Months Ended
	Sep. 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, and 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 September 30, 2018 Freight $ 130,678 $ 202,085 $ (3,289) $ 329,474 Brokerage 29,134 53,233 (164) 82,203 Logistics 824 10,855 (23) 11,656 Fuel surcharge 20,858 17,718 (320) 38,256 Total revenue $ 181,494 $ 283,891 $ (3,796) $ 461,589 Three Months Ended September 30, 2017 Freight $ 67,807 $ 105,137 $ (1,699) $ 171,245 Brokerage 9,385 24,852 (39) 34,198 Logistics — 7,886 (15) 7,871 Fuel surcharge 8,400 9,756 (148) 18,008 Total revenue $ 85,592 $ 147,631 $ (1,901) $ 231,322 Nine Months Ended September 30, 2018 Freight $ 353,676 $ 496,712 $ (8,260) $ 842,128 Brokerage 76,006 112,823 (397) 188,432 Logistics 2,231 29,128 (94) 31,265 Fuel surcharge 56,768 48,474 (998) 104,244 Total revenue $ 488,681 $ 687,137 $ (9,749) $ 1,166,069 Nine Months Ended September 30, 2017 Freight $ 200,670 $ 250,255 $ (4,471) $ 446,454 Brokerage 27,979 55,820 (76) 83,723 Logistics — 10,594 (23) 10,571 Fuel surcharge 25,145 23,620 (434) 48,331 Total revenue $ 253,794 $ 340,289 $ (5,004) $ 589,079 Significant Judgments Under the new revenue standard, significant judgments 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 judgment in order to recognize revenue.

BUSINESS COMBINATION

BUSINESS COMBINATION	9 Months Ended
	Sep. 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	9 Months Ended
	Sep. 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 18 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. For each acquisition, the aggregate purchase price 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. 2018 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 2018 acquisitions, as defined below (in thousands): (all amounts in U.S. dollars) Leavitt's Builders Kelsey Trail Aveda Accounts receivable $ 1,968 $ 8,347 $ 2,320 $ 37,255 Parts supplies 53 261 33 — Prepaid and other current assets 384 1,509 382 1,785 Property and equipment 8,551 29,437 9,164 89,752 Goodwill 3,492 11,863 1,441 8,227 Intangible assets 5,237 13,077 1,878 8,951 Other long-term assets — 536 — — Deferred tax liability (21) (8,835) (1,109) (1,224) Accounts payable and other liabilities (4,935) (19,931) (8,026) (30,007) Total $ 14,729 $ 36,264 $ 6,083 $ 114,739 Leavitt’s Freight Service On August 1, 2018, the Company acquired 100% of the outstanding equity interests of Leavitt’s Freight Service, Inc. (Leavitt’s), based in Springfield, Oregon. Total consideration paid was $14.9 million of cash, which was funded with cash on hand. The acquisition was treated as an asset purchase because Leavitt’s was a qualified subchapter S-subsidiary acquired directly from an S-corporation; therefore, the values assigned to the intangible assets and goodwill are deductible for tax purposes. Approximately $0.3 million of transaction expenses were incurred in the acquisition, which will be deductible for tax purposes because the transaction qualified as an asset purchase. Builders Transportation On August 1, 2018, the Company acquired 100% of the outstanding equity interests of Builders Transportation Co., LLC (Builders), based in Memphis, Tennessee. Total consideration paid was $36.3 million, consisting of $30.0 million in cash, 399,530 shares of Daseke common stock valued at $3.4 million and the payoff of $2.9 million of outstanding debt. The cash consideration was funded with 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 $0.2 million of transaction expenses were incurred in the acquisition, which are not deductible for tax purposes. Kelsey Trail Trucking On July 1, 2018, the Company acquired 100% of the outstanding equity interests of Kelsey Trail Trucking Ltd. (Kelsey Trail), based in Saskatoon, Saskatchewan province, Canada. Total consideration paid was $6.2 million, consisting of $5.3 million in cash and 95,859 shares of Daseke common stock valued at $0.9 million. The cash consideration was funded with 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 $0.1 million of transaction expenses were incurred in the acquisition, which are not deductible for tax purposes. Aveda Transportation and Energy Services 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 (the Agreement). 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 1, 2018 and ending on May 1, 2019 or with agreement of the parties, July 1, 2018 to June 30, 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 2018 acquisitions; therefore, the purchase price allocations for the above acquisitions are not considered final as of September 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 U.S. dollars) Tennessee Moore Roadmaster Steel Belmont Freight Group Haulers R&R* Steelman* Schilli* Big Freight* Accounts receivable $ 240 $ 4,456 $ 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 2,427 17,800 61,047 35,252 15,676 9,747 11,050 7,638 Intangible assets 1,760 30,400 22,900 49,850 11,010 6,620 6,000 4,210 Other long-term assets — 114 670 19,049 156 5,013 915 121 Deferred tax liability (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 * 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 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 the repayment of $22.2 million of long-term debt 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, 3,114,247 shares of Daseke common stock valued at $39.1 million and the repayment of $10.3 million of long-term debt 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 the repayment of $5.0 million of long-term debt 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 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 assumption and repayment of $13.8 million of long-term debt by the Company. 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 was 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 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 the refinancing of $4.0 million of long-term debt 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 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 assumption of approximately $3.2 million of outstanding debt by the Company. 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 2018 acquisitions as if they 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 September 30, Nine Months Ended September 30, (in millions) 2018 2017 2018 2017 Pro forma revenue $ 468.2 $ 302.3 $ 1,293.5 $ 789.6 Pro forma net loss $ 2.7 $ (0.6) $ 12.6 $ (14.9) Pro forma net loss per common share: Basic and Diluted $ 0.04 $ (0.02) $ 0.21 $ (0.43) For the three months ended September 30, 2018, actual revenue and net loss included in the Company’s consolidated statements of operations and comprehensive income (loss) attributable to the 2018 acquisitions were $79.5 million and $(0.4) million, respectively, and for the nine months ended September 30, 2018, $94.5 million and $(1.1) million, respectively.

PREPAID AND OTHER CURRENT ASSET

PREPAID AND OTHER CURRENT ASSETS	9 Months Ended
	Sep. 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 September 30, 2018 and December 31, 2017 (in thousands): 2018 2017 Assets held for sale $ 10,369 $ 9,907 Insurance 7,057 7,642 Other prepaids 5,826 2,948 Licensing, permits and tolls 5,600 4,096 Highway and fuel taxes 1,655 1,238 Other assets 2,951 2,409 $ 33,458 $ 28,240

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS	9 Months Ended
	Sep. 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 nine months ended September 30, 2018. The summary of changes in goodwill follows for the nine months ended September 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 (8,602) (19,402) (28,004) Foreign currency translation adjustment — (407) (407) Goodwill balance at September 30, 2018 $ 97,264 $ 177,027 $ 274,291 Intangible assets consisted of the following at September 30, 2018 and December 31, 2017 (in thousands): As of September 30, 2018 As of December 31, 2017 Intangible Accumulated Intangible Intangible Accumulated Intangible Assets Amortization Assets, net Assets Amortization Assets, net Non-competition agreements $ 36,563 $ (10,989) $ 25,574 $ 12,230 $ (5,765) $ 6,465 Customer relationships 130,649 (30,871) 99,778 69,090 (23,921) 45,169 Trade names 86,497 (18) 86,479 41,180 — 41,180 Foreign currency translation adjustment 178 — 178 306 — 306 Total intangible assets $ 253,887 $ (41,878) $ 212,009 $ 122,806 $ (29,686) $ 93,120 As of September 30, 2018, non-competition agreements and customer relationships had weighted average remaining useful lives of 3.42 and 10.24 years, respectively. Amortization expense for intangible assets with definite lives was $4.1 million and $1.8 million for the three months ended September 30, 2018 and 2017, respectively, and $12.2 million and $4.6 million for the nine months ended September 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 $18.2 million, $17.5 million, $16.2 million, $15.4 million and $14.6 million, respectively. In June 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	9 Months Ended
	Sep. 30, 2018
PROPERTY AND EQUIPMENT.
PROPERTY AND EQUIPMENT	NOTE 7 – PROPERTY AND EQUIPMENT The components of property and equipment are as follows at September 30, 2018 and December 31, 2017 (in thousands): 2018 2017 Revenue equipment $ 708,865 $ 544,876 Buildings and improvements 60,980 53,366 Furniture and fixtures, office and computer equipment and vehicles 34,622 20,805 804,467 619,047 Accumulated depreciation (241,808) (189,408) $ 562,659 $ 429,639 Depreciation expense on property and equipment was $32.8 million and $18.0 million for the three months ended September 30, 2018 and 2017, respectively, and $81.6 million and $49.1 million for the nine months ended September 30, 2018 and 2017, respectively.

SALES-TYPE LEASES

SALES-TYPE LEASES	9 Months Ended
	Sep. 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 September 30, 2018 and December 31, 2017 (in thousands): 2018 2017 Minimum lease receivable $ 78,525 $ 62,587 Deferred gain (10,094) (9,352) Net minimum lease receivable 68,431 53,235 Unearned interest income (11,437) (10,432) Net investment in sales-type leases 56,994 42,803 Current portion (15,744) (10,979) $ 41,250 $ 31,824 The long-term portion of sales-type leases is classified in other long-term assets on the consolidated balance sheets at September 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 income (loss). The gain totaled approximately $0.6 million and $0.5 million for the three months ended September 30, 2018 and 2017, respectively, and $2.0 million and $0.8 million for the nine months ended September 30, 2018 and 2017, respectively.

ACCRUED EXPENSES AND OTHER LIAB

ACCRUED EXPENSES AND OTHER LIABILITIES	9 Months Ended
	Sep. 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 September 30, 2018 and December 31, 2017 (in thousands): 2018 2017 Brokerage and escorts $ 15,181 $ 6,264 Unvouchered payables 9,984 4,156 Other accrued expenses 14,976 4,977 Owner-operator deposits 11,373 8,431 Interest 601 540 Fuel 1,763 1,130 Fuel taxes 492 378 $ 54,370 $ 25,876

LONG-TERM DEBT

LONG-TERM DEBT	9 Months Ended
	Sep. 30, 2018
LONG-TERM DEBT.
LONG-TERM DEBT	NOTE 10 – LONG-TERM DEBT Long-term debt consists of the following at September 30, 2018 and December 31, 2017 (in thousands): 2018 2017 Line of credit $ 15,664 $ 4,561 Term loan facility 494,724 498,462 Equipment term loans 156,057 126,227 Capital leases 18,412 5,757 684,857 635,007 Less current portion (58,407) (43,056) Less unamortized debt issuance costs (16,426) (17,650) Total long-term debt $ 610,024 $ 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 that was 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 September 30, 2018, the average interest rate on the Term Loan Facility was 6.9%. 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 September 30, 2018, the Company had borrowings of $15.7 million, $10.1 million in letters of credit outstanding, and could incur approximately $83.3 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 to 1.00 1.25 % 2.25 % Greater than or equal to 1.75 to 1.00 0.75 % 1.75 % The ABL Facility was amended on June 15, 2018, to adjust margins, if necessary, on the ABL Facility beginning in the fiscal quarter ended September 30, 2018, to the applicable rates set forth in the following table corresponding to the average RLOC Utilization for the trailing 12 month period on the last day of the most recently completed fiscal quarter. RLOC Utilization at a particular date shall mean an amount equal to (a)(i) outstanding amount of Revolving Advances plus (ii) the outstanding amount of the Swing Loans plus (iii) the aggregate Maximum Undrawn Amount of all outstanding Letters of Credit, divided by (b) Maximum Revolving Advance Amount. RLOC Utilization Base Rate Margins LIBOR Rate Margins Less than 33.3% 0.50 % 1.50 % Greater than or equal to 33.3%, but less than 66.6% 0.75 % 1.75 % Greater than or equal to 66.6% 1.00 % 2.00 % At September 30, 2018, the interest rate on the ABL Facility was 6.00%. The ABL Facility is secured by all of the Company’s U.S.-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 September 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 September 30, 2018, the Company had term loans collateralized by equipment in the aggregate amount of $152.0 million with 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 September 30, 2018, the Company has a bank mortgage loan with a balance of $3.5 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 September 30, 2018 and December 31, 2017, the book value of the property and equipment recorded under capital leases was $18.2 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 $0.8 million and $0.6 million for the three months ended September 30, 2018 and 2017, respectively, and $2.2 million and $1.8 million for the nine months ended September 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 nine months ended September 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 nine months ended September 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 September 30, 2018 are as follows (in thousands): Line Of Credit Term Loan Facility Equipment Term Loans Capital Total 2018 $ — $ 4,985 $ 48,602 $ 6,257 $ 59,844 2019 — 2,500 40,168 4,998 47,666 2020 — 2,500 28,191 3,581 34,272 2021 — 2,500 20,812 2,387 25,699 2022 15,664 2,500 9,047 1,439 28,650 Thereafter — 479,739 9,237 765 489,741 Total minimum lease payments 19,427 Loan amount attributable to interest (1,015) (1,015) Total (Present value of minimum lease payments on capital leases) $ 15,664 $ 494,724 $ 156,057 18,412 $ 684,857 Less current portion (4,820) Long-term capital leases $ 13,592

INCOME TAXES

INCOME TAXES	9 Months Ended
	Sep. 30, 2018
INCOME TAXES
INCOME TAXES	NOTE 11 – INCOME TAXES The On December 22, 2017, the U.S. government enacted the TCJA comprehensive tax reform legislation. Effective January 2018, the TCJA, among other things, reduces the marginal U.S. 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 nine months ended September 30, 2018.

STOCKHOLDERS_ EQUITY

STOCKHOLDERS’ EQUITY	9 Months Ended
	Sep. 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 used the net proceeds from the Offering for general corporate purposes, including, 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 has used and intends to continue to use the net proceeds from the offering for general corporate purposes, including, 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. On July 1, 2018, as part of the consideration paid for the Kelsey Trail acquisition, the Company issued 95,859 shares of Daseke common stock valued at $0.9 million. See Note 4 for additional details about the Kelsey Trail acquisition. On August 1, 2018, as part of the consideration paid for the Builders acquisition, the Company issued 399,530 shares of Daseke common stock valued at $3.4 million. See Note 4 for additional details about the Builders acquisition. As of September 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. The Company’s board of directors declared quarterly dividends of $0.68 per share on April 24, 2017, and $1.91 per share on July 18, 2017, which were both then 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. On August 21, 2018 the Company’s board of directors declared a third quarterly dividend of $1.91 per share, which was paid on September 14, 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 September 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	9 Months Ended
	Sep. 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 September 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 1,806,590 1,734,401 5 years $ 10.50 $ 7,908,869 Total 1,879,401 The Company’s calculations of the fair value of stock options granted through September 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 September 30, 2018: Weighted average expected life 6.5 years Risk-free interest rate 2.28% to 2.77% Expected volatility 36.7% 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 U.S. 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 September 30, 2018 and changes during the nine 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 291,595 11.03 10.0 — Exercised (5,000) 9.98 — — Forfeited or expired (63,189) 10.45 — — Outstanding as of September 30, 2018 1,879,401 10.46 8.7 — Exercisable as of September 30, 2018 283,395 $ 9.99 8.4 $ — 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 September 30, 2018: Grantee Type # of Issued and Outstanding Vesting Grant Date Employee Group 1,600,883 956,910 5 years $ 16,921,333 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 are recorded as a cumulative adjustment to stock-based compensation expense in the period forfeitures occur. A summary of restricted stock unit awards activity under the Plan as of September 30, 2018 and changes during the nine months then ended are as follows: Units Weighted Outstanding as of January 1, 2018 763,591 $ 9.98 Granted 592,015 11.57 Exercised (114,136) 9.50 Forfeited (284,560) 11.49 Outstanding as of September 30, 2018 956,910 $ 10.57 Aggregate stock-based compensation expense, net of forfeitures, was $0.9 million and $0.7 million during the three months ended September 30, 2018 and 2017, respectively, and $2.7 million and $1.2 million during the nine months ended September 30, 2018 and 2017, respectively. These expenses are included as a component of salaries, wages and employee benefits in the accompanying consolidated statements of operations and comprehensive income (loss). As of September 30, 2018, there was $6.2 million and $9.0 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 3.7 years for stock options and 4.0 years for restricted stock units.

DEFINED CONTRIBUTION PLAN

DEFINED CONTRIBUTION PLAN	9 Months Ended
	Sep. 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 $0.9 million and $0.6 million for the three months ended September 30, 2018 and 2017, respectively and $2.8 million and $1.8 million for the nine months ended September 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 September 30, 2018. Matching contributions for 401(k) defined contribution plans not yet merged into the Retirement Plan totaled approximately $0.1 million and $0.3 million for the three and nine months ended September 30, 2018, respectively, and $47,000 for both the three or nine months ended September 30, 2017.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Sep. 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 $3.9 million and $2.1 million for the three months ended September 30, 2018 and 2017, respectively, and $9.6 million and $4.5 million for the nine months ended September 30, 2018 and 2017, respectively. Tractor, trailer and other revenue equipment rent expense under operating leases was $5.8 million and $4.7 million for the three months ended September 30, 2018 and 2017, respectively, and $14.8 million and $12.7. million for the nine months ended September 30, 2018 and 2017, respectively. Letters of Credit The Company had outstanding letters of credit at September 30, 2018 totaling approximately $12.0 million, including those disclosed in Note 10. These letters of credit are related to liability and workers compensation 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	9 Months Ended
	Sep. 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 $1.1 million and $0.7 million for the three months ended September 30, 2018 and 2017, respectively, and $3.2 million and $2.4 million for the nine months ended September 30, 2018 and 2017, respectively. Intersegment revenues and expenses for the Specialized Solutions segment totaled $2.6 million and $1.2 million for the three months ended September 30, 2018 and 2017, respectively, and $6.5 million and $2.6 million for the nine months ended September 30, 2018 and 2017, respectively. The following tables reflect certain financial data of the Company’s reportable segments for the three and nine months ended September 30, 2018 and 2017 (in thousands): Flatbed Specialized Solutions Solutions Corporate/ Consolidated Segment Segment Eliminations Total Three Months Ended September 30, 2018 Total revenue $ 181,494 $ 283,891 $ (3,796) $ 461,589 Operating income (loss) 12,230 11,815 (10,128) 13,917 Depreciation 7,751 24,981 25 32,757 Amortization of intangible assets 1,450 2,593 — 4,043 Interest expense 2,206 2,898 6,735 11,839 Income (loss) before income tax 10,122 9,481 (16,752) 2,851 Total assets 474,218 906,562 25,754 1,406,534 Net capital expenditures 8,531 40,709 658 49,898 Three Months Ended September 30, 2017 Total revenue $ 85,592 $ 147,631 $ (1,901) $ 231,322 Operating income (loss) 4,755 7,159 (6,210) 5,704 Depreciation 6,713 11,290 37 18,040 Amortization of intangible assets 437 1,328 — 1,765 Interest expense 1,777 2,138 4,709 8,624 Income (loss) before income tax 2,997 5,060 (10,869) (2,812) Total assets 272,686 472,761 111,974 857,421 Net capital expenditures 4,485 10,390 55 14,930 Flatbed Specialized Solutions Solutions Corporate/ Consolidated Segment Segment Eliminations Total Nine Months Ended September 30, 2018 Total revenue $ 488,681 $ 687,137 $ (9,749) $ 1,166,069 Operating income (loss) 28,462 24,065 (22,345) 30,182 Depreciation 21,420 60,070 82 81,572 Amortization of intangible assets 4,395 7,781 — 12,176 Interest expense 6,011 8,131 19,104 33,246 Income (loss) before income tax 22,754 17,657 (39,800) 611 Net capital expenditures 11,256 72,972 1,068 85,296 Nine Months Ended September 30, 2017 Total revenue $ 253,794 $ 340,289 $ (5,004) $ 589,079 Operating income (loss) 14,955 12,756 (18,391) 9,320 Depreciation 20,619 28,375 115 49,109 Amortization of intangible assets 1,310 3,339 — 4,649 Interest expense 5,263 5,832 9,969 21,064 Income (loss) before income tax 9,725 7,004 (31,979) (15,250) Net capital expenditures 6,653 17,166 103 23,922

EARNINGS PER SHARE

EARNINGS PER SHARE	9 Months Ended
	Sep. 30, 2018
EARNINGS PER SHARE
EARNINGS PER SHARE	NOTE 17 – EARNINGS PER SHARE Three Months Ended Nine Months Ended September 30, September 30, (in thousands, except per share data) 2018 2017 2018 2017 Numerator: Net income (loss) $ 2,181 $ 50 $ 14,869 $ (11,802) Less Series A preferred dividends (1,239) (1,225) (3,717) (2,919) Less Series B preferred dividends — — — (806) Allocation of earnings to non-vested participating restricted stock units (15) — (180) — Numerator for basic and diluted EPS $ 927 $ (1,175) $ 10,972 $ (15,527) Denominator: Weighted-average shares outstanding 64,310 39,360 59,398 34,791 Weighted average non-vested participating restricted stock units 979 - 1,015 - Denominator for basic and diluted EPS – weighted-average shares 65,289 39,360 60,413 34,791 Basic and diluted EPS $ 0.01 $ (0.03) $ 0.18 $ (0.45)

NATURE OF OPERATIONS AND SUMM_2

NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Sep. 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 (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 nine months ended September 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 September 30, 2018 and December 31, 2017, the balance of deferred finance charges was $16.4 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 $0.7 million and $0.5 million for the three months ended September 30, 2018 and 2017, respectively, and $2.2 million and $1.3 million for the nine months ended September 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. Interest Rate Swaps 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 three and nine months ended September 30, 2017 (in thousands): 2017 Balance at January 1, 2017 $ (52) Change in fair value 52 Balance at June 30, 2017 — Change in fair value — Balance at September 30, 2017 $ — Contingent Consideration The contingent consideration liabilities represent future payment obligations that relate to certain EBITDA thresholds related to the Company’s acquisitions over a defined period of time. See Note 4 for additional details on the future payment obligations connected to the Company’s acquisitions. The fair value of the Company’s contingent consideration liabilities are determined using estimates based on discount rates that reflect the risk involved and the projected EBITDA of the acquired businesses, therefore the liabilities are classified within Level 3 of the fair value framework. The table below is a summary of the changes in the fair value of this liability for the three and nine months ended September 30, 2018 and 2017 (in thousands): 2017 Balance at January 1, 2017 $ — Change in fair value — Balance at June 30, 2017 $ — 2017 Acquisitions 1,140 Balance at September 30, 2017 $ 1,140 2018 Balance at January 1, 2018 $ 800 2018 Acquisitions 20,300 Change in fair value (700) Balance at June 30, 2018 $ 20,400 Change in fair value — Balance at September 30, 2018 $ 20,400
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 U.S. 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 non-vested 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 had 16 operating segments as of September 30, 2018 and 12 operating segments as of September 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 nine months ended September 30, 2018 and 2017, shares of the Company’s 7.625% Series A Convertible Cumulative Preferred Stock (Series A Preferred Stock) and outstanding stock options were not included in the computation of diluted earnings (loss) per share as their effects were anti-dilutive. Additionally, for the three and nine months ended September 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 nine months ended September 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. See Note 17 for the effects of non-vested restricted stock units on basic and diluted earnings per share under the two-class method.
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 contract that (i) requires 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 contract that (i) requires 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 functional currency for all operations except Canada is the United States dollar. 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 U.S. dollars are included as a separate component of stockholders’ equity in accumulated other comprehensive income 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. 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 September 30, 2018 and December 31, 2017, totaled $10.4 million and $9.9 million, respectively. Assets held for sale totaled $7.2 million and $7.0 million for the Flatbed Solutions segment as of September 30, 2018 and December 31, 2017, respectively. Assets held for sale totaled $3.2 million and $2.9 million for the Specialized Solutions segment as of September 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 August 2018, the Financial Accounting Standards Board (FASB) issued Accounting Standards Updated (ASU) 2018-15, Intangibles – Goodwill and Other – Internal-Use Software (Subtopic 350-40). ASU 2018-15 aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement (Cloud-based) that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software. ASU 2018-15 will become effective for annual periods beginning after December 15, 2019 and interim periods within those periods, with early adoption permitted. ASU 2018-15 can be applied either retrospectively or prospectively to all implementation costs incurred after the date of adoption. The Company has elected to early adopt ASU 2018-15 on a prospective basis and has capitalized relevant software implementation costs in the three months ended September 30, 2018. In March 2018, the FASB issued 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 Annual Report on Form 10-K filed March 16, 2018 and as described in SAB 118 carried forward through September 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 nine months ended September 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 2016-15 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. In July 2018, the FASB issued an ASU 2018-10 and ASU 2018-11 to further clarify narrow aspects of the guidance issued in ASU 2016-02 specifically regarding transition adoption and separating components of a contract. 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, selected lease accounting specific software, identified the Company’s population of operating leases to extract relevant lease terms, elected guidance practical expedients and drafted preliminary policy documents. 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 SUMM_3

NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	9 Months Ended
	Sep. 30, 2018
Interest Rate Swaps
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 three and nine months ended September 30, 2017 (in thousands): 2017 Balance at January 1, 2017 $ (52) Change in fair value 52 Balance at June 30, 2017 — Change in fair value — Balance at September 30, 2017 $ —
Contingent Consideration
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 three and nine months ended September 30, 2018 and 2017 (in thousands): 2017 Balance at January 1, 2017 $ — Change in fair value — Balance at June 30, 2017 $ — 2017 Acquisitions 1,140 Balance at September 30, 2017 $ 1,140 2018 Balance at January 1, 2018 $ 800 2018 Acquisitions 20,300 Change in fair value (700) Balance at June 30, 2018 $ 20,400 Change in fair value — Balance at September 30, 2018 $ 20,400

REVENUE RECOGNITION (Tables)

REVENUE RECOGNITION (Tables)	9 Months Ended
	Sep. 30, 2018
Revenue Recognition
Schedule of income and segment disclosures	Flatbed Specialized Solutions Solutions Corporate/ Consolidated Segment Segment Eliminations Total Three Months Ended September 30, 2018 Freight $ 130,678 $ 202,085 $ (3,289) $ 329,474 Brokerage 29,134 53,233 (164) 82,203 Logistics 824 10,855 (23) 11,656 Fuel surcharge 20,858 17,718 (320) 38,256 Total revenue $ 181,494 $ 283,891 $ (3,796) $ 461,589 Three Months Ended September 30, 2017 Freight $ 67,807 $ 105,137 $ (1,699) $ 171,245 Brokerage 9,385 24,852 (39) 34,198 Logistics — 7,886 (15) 7,871 Fuel surcharge 8,400 9,756 (148) 18,008 Total revenue $ 85,592 $ 147,631 $ (1,901) $ 231,322 Nine Months Ended September 30, 2018 Freight $ 353,676 $ 496,712 $ (8,260) $ 842,128 Brokerage 76,006 112,823 (397) 188,432 Logistics 2,231 29,128 (94) 31,265 Fuel surcharge 56,768 48,474 (998) 104,244 Total revenue $ 488,681 $ 687,137 $ (9,749) $ 1,166,069 Nine Months Ended September 30, 2017 Freight $ 200,670 $ 250,255 $ (4,471) $ 446,454 Brokerage 27,979 55,820 (76) 83,723 Logistics — 10,594 (23) 10,571 Fuel surcharge 25,145 23,620 (434) 48,331 Total revenue $ 253,794 $ 340,289 $ (5,004) $ 589,079

BUSINESS COMBINATION (Tables)

BUSINESS COMBINATION (Tables)	9 Months Ended
	Sep. 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)	9 Months Ended
	Sep. 30, 2018
Business Acquisition [Line Items]
Schedule of pro forma financial information	Three Months Ended September 30, Nine Months Ended September 30, (in millions) 2018 2017 2018 2017 Pro forma revenue $ 468.2 $ 302.3 $ 1,293.5 $ 789.6 Pro forma net loss $ 2.7 $ (0.6) $ 12.6 $ (14.9) Pro forma net loss per common share: Basic and Diluted $ 0.04 $ (0.02) $ 0.21 $ (0.43)
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 2018 acquisitions, as defined below (in thousands): (all amounts in U.S. dollars) Leavitt's Builders Kelsey Trail Aveda Accounts receivable $ 1,968 $ 8,347 $ 2,320 $ 37,255 Parts supplies 53 261 33 — Prepaid and other current assets 384 1,509 382 1,785 Property and equipment 8,551 29,437 9,164 89,752 Goodwill 3,492 11,863 1,441 8,227 Intangible assets 5,237 13,077 1,878 8,951 Other long-term assets — 536 — — Deferred tax liability (21) (8,835) (1,109) (1,224) Accounts payable and other liabilities (4,935) (19,931) (8,026) (30,007) Total $ 14,729 $ 36,264 $ 6,083 $ 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 U.S. dollars) Tennessee Moore Roadmaster Steel Belmont Freight Group Haulers R&R* Steelman* Schilli* Big Freight* Accounts receivable $ 240 $ 4,456 $ 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 2,427 17,800 61,047 35,252 15,676 9,747 11,050 7,638 Intangible assets 1,760 30,400 22,900 49,850 11,010 6,620 6,000 4,210 Other long-term assets — 114 670 19,049 156 5,013 915 121 Deferred tax liability (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 ASS_2

PREPAID AND OTHER CURRENT ASSETS (Tables)	9 Months Ended
	Sep. 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 September 30, 2018 and December 31, 2017 (in thousands): 2018 2017 Assets held for sale $ 10,369 $ 9,907 Insurance 7,057 7,642 Other prepaids 5,826 2,948 Licensing, permits and tolls 5,600 4,096 Highway and fuel taxes 1,655 1,238 Other assets 2,951 2,409 $ 33,458 $ 28,240

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS (Tables)	9 Months Ended
	Sep. 30, 2018
GOODWILL AND INTANGIBLE ASSETS
Schedule of changes in carrying amount of goodwill	The summary of changes in goodwill follows for the nine months ended September 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 (8,602) (19,402) (28,004) Foreign currency translation adjustment — (407) (407) Goodwill balance at September 30, 2018 $ 97,264 $ 177,027 $ 274,291
Schedule of intangible assets	Intangible assets consisted of the following at September 30, 2018 and December 31, 2017 (in thousands): As of September 30, 2018 As of December 31, 2017 Intangible Accumulated Intangible Intangible Accumulated Intangible Assets Amortization Assets, net Assets Amortization Assets, net Non-competition agreements $ 36,563 $ (10,989) $ 25,574 $ 12,230 $ (5,765) $ 6,465 Customer relationships 130,649 (30,871) 99,778 69,090 (23,921) 45,169 Trade names 86,497 (18) 86,479 41,180 — 41,180 Foreign currency translation adjustment 178 — 178 306 — 306 Total intangible assets $ 253,887 $ (41,878) $ 212,009 $ 122,806 $ (29,686) $ 93,120

PROPERTY AND EQUIPMENT (Tables)

PROPERTY AND EQUIPMENT (Tables)	9 Months Ended
	Sep. 30, 2018
PROPERTY AND EQUIPMENT.
Schedule of components of property and equipment	The components of property and equipment are as follows at September 30, 2018 and December 31, 2017 (in thousands): 2018 2017 Revenue equipment $ 708,865 $ 544,876 Buildings and improvements 60,980 53,366 Furniture and fixtures, office and computer equipment and vehicles 34,622 20,805 804,467 619,047 Accumulated depreciation (241,808) (189,408) $ 562,659 $ 429,639

SALES-TYPE LEASES (Tables)

SALES-TYPE LEASES (Tables)	9 Months Ended
	Sep. 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 September 30, 2018 and December 31, 2017 (in thousands): 2018 2017 Minimum lease receivable $ 78,525 $ 62,587 Deferred gain (10,094) (9,352) Net minimum lease receivable 68,431 53,235 Unearned interest income (11,437) (10,432) Net investment in sales-type leases 56,994 42,803 Current portion (15,744) (10,979) $ 41,250 $ 31,824

ACCRUED EXPENSES AND OTHER LI_2

ACCRUED EXPENSES AND OTHER LIABILITIES (Tables)	9 Months Ended
	Sep. 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 September 30, 2018 and December 31, 2017 (in thousands): 2018 2017 Brokerage and escorts $ 15,181 $ 6,264 Unvouchered payables 9,984 4,156 Other accrued expenses 14,976 4,977 Owner-operator deposits 11,373 8,431 Interest 601 540 Fuel 1,763 1,130 Fuel taxes 492 378 $ 54,370 $ 25,876

LONG-TERM DEBT (Tables)

LONG-TERM DEBT (Tables)	9 Months Ended
	Sep. 30, 2018
LONG-TERM DEBT.
Schedule of long term debt	Long-term debt consists of the following at September 30, 2018 and December 31, 2017 (in thousands): 2018 2017 Line of credit $ 15,664 $ 4,561 Term loan facility 494,724 498,462 Equipment term loans 156,057 126,227 Capital leases 18,412 5,757 684,857 635,007 Less current portion (58,407) (43,056) Less unamortized debt issuance costs (16,426) (17,650) Total long-term debt $ 610,024 $ 574,301
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 to 1.00 1.25 % 2.25 % Greater than or equal to 1.75 to 1.00 0.75 % 1.75 %
Schedule of adjustment for margin of line of credit and senior term loan corresponding to RLOC Utilization	RLOC Utilization Base Rate Margins LIBOR Rate Margins Less than 33.3% 0.50 % 1.50 % Greater than or equal to 33.3%, but less than 66.6% 0.75 % 1.75 % Greater than or equal to 66.6% 1.00 % 2.00 %
Future principal payments on long-term debt	Future principal payments on long-term debt as of September 30, 2018 are as follows (in thousands): Line Of Credit Term Loan Facility Equipment Term Loans Capital Total 2018 $ — $ 4,985 $ 48,602 $ 6,257 $ 59,844 2019 — 2,500 40,168 4,998 47,666 2020 — 2,500 28,191 3,581 34,272 2021 — 2,500 20,812 2,387 25,699 2022 15,664 2,500 9,047 1,439 28,650 Thereafter — 479,739 9,237 765 489,741 Total minimum lease payments 19,427 Loan amount attributable to interest (1,015) (1,015) Total (Present value of minimum lease payments on capital leases) $ 15,664 $ 494,724 $ 156,057 18,412 $ 684,857 Less current portion (4,820) Long-term capital leases $ 13,592

STOCK-BASED COMPENSATION (Table

STOCK-BASED COMPENSATION (Tables)	9 Months Ended
	Sep. 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 September 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 1,806,590 1,734,401 5 years $ 10.50 $ 7,908,869 Total 1,879,401
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 September 30, 2018: Weighted average expected life 6.5 years Risk-free interest rate 2.28% to 2.77% Expected volatility 36.7% 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 September 30, 2018 and changes during the nine 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 291,595 11.03 10.0 — Exercised (5,000) 9.98 — — Forfeited or expired (63,189) 10.45 — — Outstanding as of September 30, 2018 1,879,401 10.46 8.7 — Exercisable as of September 30, 2018 283,395 $ 9.99 8.4 $ —
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 September 30, 2018: Grantee Type # of Issued and Outstanding Vesting Grant Date Employee Group 1,600,883 956,910 5 years $ 16,921,333
Summary of restricted stock awards activity under the Plan	Units Weighted Outstanding as of January 1, 2018 763,591 $ 9.98 Granted 592,015 11.57 Exercised (114,136) 9.50 Forfeited (284,560) 11.49 Outstanding as of September 30, 2018 956,910 $ 10.57

REPORTABLE SEGMENTS (Tables)

REPORTABLE SEGMENTS (Tables)	9 Months Ended
	Sep. 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 nine months ended September 30, 2018 and 2017 (in thousands): Flatbed Specialized Solutions Solutions Corporate/ Consolidated Segment Segment Eliminations Total Three Months Ended September 30, 2018 Total revenue $ 181,494 $ 283,891 $ (3,796) $ 461,589 Operating income (loss) 12,230 11,815 (10,128) 13,917 Depreciation 7,751 24,981 25 32,757 Amortization of intangible assets 1,450 2,593 — 4,043 Interest expense 2,206 2,898 6,735 11,839 Income (loss) before income tax 10,122 9,481 (16,752) 2,851 Total assets 474,218 906,562 25,754 1,406,534 Net capital expenditures 8,531 40,709 658 49,898 Three Months Ended September 30, 2017 Total revenue $ 85,592 $ 147,631 $ (1,901) $ 231,322 Operating income (loss) 4,755 7,159 (6,210) 5,704 Depreciation 6,713 11,290 37 18,040 Amortization of intangible assets 437 1,328 — 1,765 Interest expense 1,777 2,138 4,709 8,624 Income (loss) before income tax 2,997 5,060 (10,869) (2,812) Total assets 272,686 472,761 111,974 857,421 Net capital expenditures 4,485 10,390 55 14,930 Flatbed Specialized Solutions Solutions Corporate/ Consolidated Segment Segment Eliminations Total Nine Months Ended September 30, 2018 Total revenue $ 488,681 $ 687,137 $ (9,749) $ 1,166,069 Operating income (loss) 28,462 24,065 (22,345) 30,182 Depreciation 21,420 60,070 82 81,572 Amortization of intangible assets 4,395 7,781 — 12,176 Interest expense 6,011 8,131 19,104 33,246 Income (loss) before income tax 22,754 17,657 (39,800) 611 Net capital expenditures 11,256 72,972 1,068 85,296 Nine Months Ended September 30, 2017 Total revenue $ 253,794 $ 340,289 $ (5,004) $ 589,079 Operating income (loss) 14,955 12,756 (18,391) 9,320 Depreciation 20,619 28,375 115 49,109 Amortization of intangible assets 1,310 3,339 — 4,649 Interest expense 5,263 5,832 9,969 21,064 Income (loss) before income tax 9,725 7,004 (31,979) (15,250) Net capital expenditures 6,653 17,166 103 23,922

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	9 Months Ended
	Sep. 30, 2018
EARNINGS PER SHARE
Summary to reconcile basic weighted average common stock outstanding to diluted weighted average common stock outstanding	Three Months Ended Nine Months Ended September 30, September 30, (in thousands, except per share data) 2018 2017 2018 2017 Numerator: Net income (loss) $ 2,181 $ 50 $ 14,869 $ (11,802) Less Series A preferred dividends (1,239) (1,225) (3,717) (2,919) Less Series B preferred dividends — — — (806) Allocation of earnings to non-vested participating restricted stock units (15) — (180) — Numerator for basic and diluted EPS $ 927 $ (1,175) $ 10,972 $ (15,527) Denominator: Weighted-average shares outstanding 64,310 39,360 59,398 34,791 Weighted average non-vested participating restricted stock units 979 - 1,015 - Denominator for basic and diluted EPS – weighted-average shares 65,289 39,360 60,413 34,791 Basic and diluted EPS $ 0.01 $ (0.03) $ 0.18 $ (0.45)

NATURE OF OPERATIONS AND SUMM_4

NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)	1 Months Ended	3 Months Ended		6 Months Ended		9 Months Ended
	Feb. 28, 2017USD ($)	Sep. 30, 2018USD ($)	Sep. 30, 2017USD ($)shares	Jun. 30, 2018USD ($)	Jun. 30, 2017USD ($)	Sep. 30, 2018USD ($)segment	Sep. 30, 2017USD ($)segmentshares	Dec. 31, 2017USD ($)	Nov. 30, 2017USD ($)
Deferred financing fees		$ 16,400,000				$ 16,400,000		$ 17,700,000
Amortization of deferred financing fees		700,000	$ 500,000			2,222,000	$ 1,330,000
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)		19,706,000	11,079,000			$ 19,706,000	$ 11,079,000
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Number of operating segments | segment						16	12
Number of reportable segments | segment						2	2
Dilutive effect		0	0			$ 0	$ 0
Assets held for sale		10,369,000				$ 10,369,000		9,907,000
Number of months within which the Company expects to sell assets held for sale						12 months
Interest Rate Swaps
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning of year					$ (52,000)		(52,000)
Change in fair value					$ 52,000
Contingent Consideration
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning of year		20,400,000		$ 800,000		$ 800,000
Change in fair value				(700,000)
Acquisition			1,140,000	20,300,000
Balance, end of year		$ 20,400,000	$ 1,140,000	$ 20,400,000		$ 20,400,000	$ 1,140,000
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		$ 7,200,000				$ 7,200,000		7,000,000
Specialized
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Assets held for sale		$ 3,200,000				$ 3,200,000		$ 2,900,000

REVENUE RECOGNITION (Details)

REVENUE RECOGNITION (Details) $ in Thousands	9 Months Ended
	Sep. 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)	9 Months Ended
	Sep. 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		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Disaggregation of Revenue
Total revenue	$ 461,589	$ 231,322	$ 1,166,069	$ 589,079
Corporate/Eliminations
Disaggregation of Revenue
Total revenue	(3,796)	(1,901)	(9,749)	(5,004)
Freight
Disaggregation of Revenue
Total revenue	329,474	171,245	842,128	446,454
Freight | Corporate/Eliminations
Disaggregation of Revenue
Total revenue	(3,289)	(1,699)	(8,260)	(4,471)
Brokerage
Disaggregation of Revenue
Total revenue	82,203	34,198	188,432	83,723
Brokerage | Corporate/Eliminations
Disaggregation of Revenue
Total revenue	(164)	(39)	(397)	(76)
Logistics
Disaggregation of Revenue
Total revenue	11,656	7,871	31,265	10,571
Logistics | Corporate/Eliminations
Disaggregation of Revenue
Total revenue	(23)	(15)	(94)	(23)
Fuel
Disaggregation of Revenue
Total revenue	38,256	18,008	104,244	48,331
Fuel | Corporate/Eliminations
Disaggregation of Revenue
Total revenue	(320)	(148)	(998)	(434)
Flatbed | Operating Segments
Disaggregation of Revenue
Total revenue	181,494	85,592	488,681	253,794
Flatbed | Freight | Operating Segments
Disaggregation of Revenue
Total revenue	130,678	67,807	353,676	200,670
Flatbed | Brokerage | Operating Segments
Disaggregation of Revenue
Total revenue	29,134	9,385	76,006	27,979
Flatbed | Logistics | Operating Segments
Disaggregation of Revenue
Total revenue	824		2,231
Flatbed | Fuel | Operating Segments
Disaggregation of Revenue
Total revenue	20,858	8,400	56,768	25,145
Specialized | Operating Segments
Disaggregation of Revenue
Total revenue	283,891	147,631	687,137	340,289
Specialized | Freight | Operating Segments
Disaggregation of Revenue
Total revenue	202,085	105,137	496,712	250,255
Specialized | Brokerage | Operating Segments
Disaggregation of Revenue
Total revenue	53,233	24,852	112,823	55,820
Specialized | Logistics | Operating Segments
Disaggregation of Revenue
Total revenue	10,855	7,886	29,128	10,594
Specialized | Fuel | Operating Segments
Disaggregation of Revenue
Total revenue	$ 17,718	$ 9,756	$ 48,474	$ 23,620

BUSINESS COMBINATION (Details)

BUSINESS COMBINATION (Details) $ / shares in Units, $ in Thousands	Jun. 01, 2018shares	Feb. 14, 2018shares	Sep. 19, 2017shares	Feb. 27, 2017USD ($)item$ / sharesshares	Sep. 30, 2018shares	Sep. 30, 2018USD ($)shares	Sep. 30, 2017USD ($)	Dec. 31, 2017USD ($)shares
Common stock shares outstanding					64,445,371	64,445,371		48,712,288
Common stock shares sold (in shares)					64,445,371	64,445,371		48,712,288
Issuance of common stock (in shares)		7,500,000	5,292,000
Term loan facility
Credit facility | $				$ 250,000
Delayed Draw Feature
Credit facility | $				100,000
ABL Member
Credit facility | $				$ 70,000
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)
Senior Debt
Credit facility | $				$ 350,000
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
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
Hennessy Capital Acquisition Corp II and HCAC Merger Sub Inc | Series A | Private placement
Proceeds from convertible preferred stock | $				$ 65,000
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				5,000,000
Adjusted EBITDA | $								$ 140,000
Hennessy Capital Acquisition Corp II and HCAC Merger Sub Inc | Earn out provision | Minimum
Adjusted EBITDA - 2017 | $				$ 140,000
Adjusted EBITDA - 2018 | $				170,000
Adjusted EBITDA - 2019 | $				$ 200,000
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
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	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017
Proceeds from issuance of common stock	$ 84,600	$ 63,600				$ 84,193	$ 128,184
Repayment of debt						$ 40,985	$ 231,817
Common stock shares sold (in shares)						64,445,371		48,712,288
Common stock shares outstanding						64,445,371		48,712,288
Shares outstanding value (par value)						$ 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)	Aug. 01, 2018USD ($)shares	Jul. 01, 2018USD ($)shares	Jun. 06, 2018USD ($)shares	Dec. 29, 2017USD ($)	Dec. 01, 2017USD ($)shares	Sep. 01, 2017USD ($)	Aug. 01, 2017USD ($)shares	Jul. 01, 2017USD ($)shares	May 01, 2017USD ($)shares	Sep. 30, 2018USD ($)$ / shares	Jun. 30, 2018USD ($)	Mar. 31, 2018USD ($)	Sep. 30, 2017USD ($)$ / shares	Jun. 30, 2017USD ($)	Mar. 31, 2017USD ($)	Jun. 30, 2018USD ($)	Sep. 30, 2018USD ($)item$ / shares	Sep. 30, 2017USD ($)$ / shares	Jun. 06, 2018$ / shares	Jun. 06, 2018USD ($)	Dec. 31, 2017USD ($)
ACQUISITIONS
Equity transferred										$ 19,706,000			$ 11,079,000				$ 19,706,000	$ 11,079,000
Revenue										461,589,000			231,322,000				1,166,069,000	589,079,000
Net income										2,181,000	$ 13,485,000	$ (797,000)	50,000	$ (4,106,000)	$ (7,746,000)		14,869,000	(11,802,000)
Allocation of the purchase price paid to the fair values of the net assets
Goodwill										274,291,000							274,291,000				$ 302,702,000
Amortization of intangible assets										4,043,000			$ 1,765,000				12,176,000	4,649,000
Accumulated amortization										41,878,000							41,878,000				29,686,000
Provisional income tax benefit due to TCJA																	14,000,000
Business Acquisition, Pro Forma Information [Abstract]
Pro forma Diluted | $ / shares													$ 0
Non-competition agreements
Allocation of the purchase price paid to the fair values of the net assets
Accumulated amortization										10,989,000							10,989,000				5,765,000
Customer relationships
Allocation of the purchase price paid to the fair values of the net assets
Accumulated amortization										30,871,000							30,871,000				$ 23,921,000
Trade names
Allocation of the purchase price paid to the fair values of the net assets
Accumulated amortization										18,000							$ 18,000
Minimum
ACQUISITIONS
Number of open-deck trucking companies acquired | item																	18
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				2,427,000
Intangible assets				1,760,000							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	62,566				100,000
Increase (decrease) to goodwill due to valuation																(1,700,000)
Increase (decrease) in goodwill																600,000
Increase 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					4,456,000
Parts supplies					312,000
Prepaid and other current assets					301,000
Property and equipment					22,052,000
Goodwill					17,800,000
Other long-term assets					114,000
Intangible assets					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											1,500,000	900,000				1,500,000
Increase (decrease) to goodwill due to valuation																(30,400,000)
Increase (decrease) in goodwill																11,700,000
Increase 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					61,047,000
Other long-term assets					670,000
Intangible assets					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	300,000				600,000
Increase (decrease) to goodwill due to valuation																(22,900,000)
Increase (decrease) in goodwill																8,700,000
Increase 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					35,252,000
Other long-term assets					19,049,000
Intangible assets					49,850,000
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
Increase 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						15,676,000
Other long-term assets						156,000
Intangible assets						11,010,000
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								9,747,000
Other long-term assets								5,013,000
Intangible assets								6,620,000
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
Increase 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									11,050,000
Other long-term assets									915,000
Intangible assets									6,000,000
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
Increase 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									7,638,000
Other long-term assets									121,000
Intangible assets									4,210,000
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
Leavitt’s
ACQUISITIONS
Voting interest acquired (as a percent)	100.00%
Total consideration paid	$ 14,900,000
Allocation of the purchase price paid to the fair values of the net assets
Accounts receivable										1,968,000							$ 1,968,000
Parts supplies										53,000							53,000
Prepaid and other current assets										384,000							384,000
Property and equipment										8,551,000							8,551,000
Goodwill										3,492,000							3,492,000
Intangible assets										5,237,000							5,237,000
Deferred tax liabilities										(21,000)							(21,000)
Accounts payable and other liabilities										(4,935,000)							(4,935,000)
Total										14,729,000							14,729,000
Transaction expenses incurred, not deductible for taxes purposes	$ 300,000
Builders
ACQUISITIONS
Voting interest acquired (as a percent)	100.00%
Total consideration paid	$ 36,300,000
Cash payments for business consideration	$ 30,000,000
Number of shares transferred | shares	399,530						399,530
Equity transferred	$ 3,400,000						$ 3,400,000
Outstanding debt assumed	2,900,000
Allocation of the purchase price paid to the fair values of the net assets
Accounts receivable										8,347,000							8,347,000
Parts supplies										261,000							261,000
Prepaid and other current assets										1,509,000							1,509,000
Property and equipment										29,437,000							29,437,000
Goodwill										11,863,000							11,863,000
Other long-term assets										536,000							536,000
Intangible assets										13,077,000							13,077,000
Deferred tax liabilities										(8,835,000)							(8,835,000)
Accounts payable and other liabilities										(19,931,000)							(19,931,000)
Total										36,264,000							36,264,000
Transaction expenses incurred, not deductible for taxes purposes	$ 200,000
Kelsey Trail
ACQUISITIONS
Voting interest acquired (as a percent)		100.00%
Total consideration paid		$ 6,200,000
Cash payments for business consideration		$ 5,300,000
Number of shares transferred | shares		95,859						95,859
Equity transferred		$ 900,000						$ 900,000
Allocation of the purchase price paid to the fair values of the net assets
Accounts receivable										2,320,000							2,320,000
Parts supplies										33,000							33,000
Prepaid and other current assets										382,000							382,000
Property and equipment										9,164,000							9,164,000
Goodwill										1,441,000							1,441,000
Intangible assets										1,878,000							1,878,000
Deferred tax liabilities										(1,109,000)							(1,109,000)
Accounts payable and other liabilities										(8,026,000)							(8,026,000)
Total										6,083,000							6,083,000
Transaction expenses incurred, not deductible for taxes purposes		$ 100,000
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										79,500,000							94,500,000
Net income										(400,000)							(1,100,000)
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										8,227,000							8,227,000
Intangible assets										8,951,000							8,951,000
Deferred tax liabilities										(1,224,000)							(1,224,000)
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										468,200,000			$ 302,300,000				1,293,500,000	789,600,000
Pro forma net loss										$ 2,700,000			$ (600,000)				$ 12,600,000	$ (14,900,000)
Pro forma Basic | $ / shares										$ 0.04			$ (0.02)				$ 0.21	$ (0.43)
Pro forma Diluted | $ / shares										$ (0.05)							$ (0.08)	$ (0.47)

PREPAID AND OTHER CURRENT ASS_3

PREPAID AND OTHER CURRENT ASSETS (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
PREPAID AND OTHER CURRENT ASSETS
Assets held for sale	$ 10,369	$ 9,907
Insurance	7,057	7,642
Other prepaids	5,826	2,948
Licensing, permits and tolls	5,600	4,096
Highway and fuel taxes	1,655	1,238
Other assets	2,951	2,409
Total	$ 33,458	$ 28,240

GOODWILL AND INTANGIBLE ASSET_2

GOODWILL AND INTANGIBLE ASSETS (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2018USD ($)
GOODWILL
Goodwill impairment	$ 0
Goodwill
Balance at the beginning of the period	302,702
Goodwill acquired and adjustments to previously recorded goodwill	(28,004)
Foreign currency translation adjustment	(407)
Balance at the end of the period	274,291
Flatbed
Goodwill
Balance at the beginning of the period	105,866
Goodwill acquired and adjustments to previously recorded goodwill	(8,602)
Balance at the end of the period	97,264
Specialized
Goodwill
Balance at the beginning of the period	196,836
Goodwill acquired and adjustments to previously recorded goodwill	(19,402)
Foreign currency translation adjustment	(407)
Balance at the end of the period	$ 177,027

GOODWILL AND INTANGIBLE ASSET_3

GOODWILL AND INTANGIBLE ASSETS - Other Intangibles (Details) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended		9 Months Ended
	Jun. 30, 2018	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017
Intangible Assets, Net
Intangible Assets		$ 253,887		$ 253,887		$ 122,806
Accumulated Amortization		(41,878)		(41,878)		(29,686)
Intangible Assets, net		212,009		212,009		93,120
Foreign currency translation adjustment, Intangible asset, Gross		178		178		306
Foreign currency translation adjustment, Intangible asset, net		178		178		306
Amortization of intangible assets		4,043	$ 1,765	12,176	$ 4,649
Future estimated amortization expense
2,018		18,200		18,200
2,019		17,500		17,500
2,020		16,200		16,200
2,021		15,400		15,400
2,022		14,600		14,600
Trade names
Indefinite-Lived Intangible Assets (Excluding Goodwill) [Abstract]
Indefinite lived intangible assets		86,479		86,479		41,180
Intangible Assets, Net
Intangible Assets		86,497		86,497
Accumulated Amortization		(18)		(18)
Future estimated amortization expense
Impairment charge	$ 2,800
Non-competition agreements
Intangible Assets, Net
Intangible Assets		36,563		36,563		12,230
Accumulated Amortization		(10,989)		(10,989)		(5,765)
Intangible Assets, net		25,574		$ 25,574		6,465
Weighted average remaining useful lives				3 years 5 months 1 day
Customer relationships
Intangible Assets, Net
Intangible Assets		130,649		$ 130,649		69,090
Accumulated Amortization		(30,871)		(30,871)		(23,921)
Intangible Assets, net		$ 99,778		$ 99,778		$ 45,169
Weighted average remaining useful lives				10 years 2 months 27 days

PROPERTY AND EQUIPMENT (Details

PROPERTY AND EQUIPMENT (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017
PROPERTY AND EQUIPMENT
Property and equipment, Gross	$ 804,467		$ 804,467		$ 619,047
Accumulated depreciation	(241,808)		(241,808)		(189,408)
Property and equipment, Net	562,659		562,659		429,639
Depreciation	32,757	$ 18,040	81,572	$ 49,109
Revenue equipment
PROPERTY AND EQUIPMENT
Property and equipment, Gross	708,865		708,865		544,876
Buildings and improvements
PROPERTY AND EQUIPMENT
Property and equipment, Gross	60,980		60,980		53,366
Furniture and fixtures, office and computer equipment and vehicles
PROPERTY AND EQUIPMENT
Property and equipment, Gross	34,622		34,622		$ 20,805
Property and equipment
PROPERTY AND EQUIPMENT
Depreciation	$ 32,800	$ 18,000	$ 81,600	$ 49,100

SALES-TYPE LEASES (Details)

SALES-TYPE LEASES (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017
Components of the net investment in sales-type leases
Minimum lease receivable	$ 78,525		$ 78,525		$ 62,587
Deferred gain	(10,094)		(10,094)		(9,352)
Net minimum lease receivable	68,431		68,431		53,235
Unearned interest income	(11,437)		(11,437)		(10,432)
Net investment in sales-type leases	56,994		56,994		42,803
Current portion	(15,744)		(15,744)		(10,979)
Non-current portion	41,250		41,250		$ 31,824
Gain on disposition of revenue equipment leased to owner-operators	$ 600	$ 500	$ 1,974	$ 793
Minimum
Capital Leases of Lessor [Abstract]
Lease term			30 months
Maximum
Capital Leases of Lessor [Abstract]
Lease term			72 months

ACCRUED EXPENSES AND OTHER LI_3

ACCRUED EXPENSES AND OTHER LIABILITIES (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
ACCRUED EXPENSES AND OTHER LIABILITIES
Brokerage and escorts	$ 15,181	$ 6,264
Unvouchered payables	9,984	4,156
Other accrued expenses	14,976	4,977
Owner operator deposits	11,373	8,431
Interest	601	540
Fuel	1,763	1,130
Fuel taxes	492	378
Total	$ 54,370	$ 25,876

LONG-TERM DEBT (Details)

LONG-TERM DEBT (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017	Nov. 30, 2017	Feb. 28, 2017
Long-term debt
Total	$ 610,024	$ 574,301
Less current portion	(58,407)	(43,056)
Less unamortized debt issuance costs			$ (4,800)	$ (14,200)
Long-term portion	594,360	569,740
Long-term debt
Long-term debt gross	684,857	635,007
Total	610,024	574,301
Term loan facility
Long-term debt
Total	494,724
Long-term debt
Total	494,724
Senior Debt
Long-term debt
Less current portion	(58,407)	(43,056)
Less unamortized debt issuance costs	(16,426)	(17,650)
Senior Debt | Revolving credit facility
Long-term debt
Long-term debt gross	15,664	4,561
Senior Debt | Term loan facility
Long-term debt
Long-term debt gross	494,724	498,462
Equipment term loans
Long-term debt
Total	156,057
Long-term debt
Long-term debt gross	156,057	126,227
Total	156,057
Real estate term loan
Long-term debt
Less unamortized debt issuance costs	(400)
Capital leases
Long-term debt
Long-term debt gross	$ 18,412	$ 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	Sep. 30, 2018	Sep. 30, 2018	Sep. 30, 2017
LONG-TERM DEBT
Proceeds from Term Loan Facility										$ 350,000,000
Senior Debt
LONG-TERM DEBT
Credit facility						$ 350,000,000
Senior term loan
LONG-TERM DEBT
Fixed charge coverage ratio Trailing Period									12 months
RLOC Utilization trailing period (in months)									12 months
Equipment term loans | Maximum
LONG-TERM DEBT
Interest rate (as a percent)								10.80%	10.80%
Equipment term loans | Minimum
LONG-TERM DEBT
Interest rate (as a percent)								1.40%	1.40%
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									6.90%
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								$ 83,300,000	$ 83,300,000
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								$ 15,700,000	$ 15,700,000
Interest rate (as a percent)								6.00%	6.00%
ABL Member | Letter of credit
LONG-TERM DEBT
Outstanding letters of credit								$ 10,100,000	$ 10,100,000
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 to 1.00
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 | Base Rate | Less than 33.3%
LONG-TERM DEBT
Basis spread on variable rate									0.50%
Revolving credit facility | PNC Bank National Association | Base Rate | Greater than or equal to 33.3%, but less than 66.6%
LONG-TERM DEBT
Basis spread on variable rate									0.75%
Revolving credit facility | PNC Bank National Association | Base Rate | Greater than or equal to 66.6%
LONG-TERM DEBT
Basis spread on variable rate									1.00%
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 to 1.00
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%
Revolving credit facility | PNC Bank National Association | LIBOR | Less than 33.3%
LONG-TERM DEBT
Basis spread on variable rate									1.50%
Revolving credit facility | PNC Bank National Association | LIBOR | Greater than or equal to 33.3%, but less than 66.6%
LONG-TERM DEBT
Basis spread on variable rate									1.75%
Revolving credit facility | PNC Bank National Association | LIBOR | Greater than or equal to 66.6%
LONG-TERM DEBT
Basis spread on variable rate									2.00%
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		9 Months Ended
	Apr. 30, 2016USD ($)item	Sep. 30, 2018USD ($)	Sep. 30, 2017USD ($)	Sep. 30, 2018USD ($)Lender	Sep. 30, 2017USD ($)	Dec. 31, 2017USD ($)	Nov. 30, 2017USD ($)	Feb. 28, 2017USD ($)
LONG-TERM DEBT
Loan balance		$ 684,857,000		$ 684,857,000		$ 635,007,000
Deferred finance charges							$ 4,800,000	$ 14,200,000
Book value recorded under capital leases		18,200,000		18,200,000		7,000,000
Accumulated depreciation		7,100,000		7,100,000		5,800,000
Depreciation expense leased equipment		800,000	$ 600,000	2,200,000	$ 1,800,000
Equipment term loans
LONG-TERM DEBT
Equipment with collateralizes term loans		152,000,000		152,000,000
Loan balance		$ 156,057,000		$ 156,057,000		$ 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		$ 3,500,000		$ 3,500,000
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	9 Months Ended	12 Months Ended
	Sep. 30, 2018	Dec. 31, 2013	Dec. 31, 2017	Sep. 30, 2017
Long-term Debt and Capital Lease Obligations, Including Current Maturities [Abstract]
2,018	$ 59,844
2,019	47,666
2,020	34,272
2,021	25,699
2,022	28,650
Thereafter	489,741
Loan amount attributable to interest	(1,015)
Total	610,024		$ 574,301
Long-term debt and capital Lease Obligations, Total	684,857
Equipment term loans
Long-term Debt and Capital Lease Obligations, Including Current Maturities [Abstract]
2,018	48,602
2,019	40,168
2,020	28,191
2,021	20,812
2,022	9,047
Thereafter	9,237
Total	156,057
Capital leases
Long-term Debt and Capital Lease Obligations, Including Current Maturities [Abstract]
2,018	6,257
2,019	4,998
2,020	3,581
2,021	2,387
2,022	1,439
Thereafter	765
Total minimum lease payments	19,427
Loan amount attributable to interest	(1,015)
Total (Present value of minimum lease payments on capital leases)	18,412
Less current portion	(4,820)
Long-term capital leases	$ 13,592
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%
Line of credit
Long-term Debt and Capital Lease Obligations, Including Current Maturities [Abstract]
2,022	$ 15,664
Total (Present value of minimum lease payments on capital leases)	15,664
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	479,739
Total	$ 494,724

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2018	Dec. 31, 2017
INCOME TAXES
Effective tax rate	23.50%	101.80%	(2333.60%)	22.60%
Deferred tax benefit due to TCJA			$ 14,000,000
Statutory federal tax rate					21.00%	35.00%
Uncertain tax positions	$ 0		$ 0

STOCKHOLDERS' EQUITY (Details)

STOCKHOLDERS' EQUITY (Details) $ / shares in Units, $ in Thousands	Sep. 14, 2018$ / shares	Aug. 21, 2018$ / shares	Aug. 01, 2018USD ($)shares	Jul. 01, 2018USD ($)shares	Jun. 20, 2018$ / shares	Jun. 06, 2018USD ($)shares	Jun. 01, 2018$ / sharesshares	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	Aug. 01, 2017USD ($)shares	Jul. 28, 2017$ / shares	Jul. 18, 2017$ / shares	Jul. 01, 2017USD ($)shares	Apr. 24, 2017$ / shares	Feb. 27, 2017USD ($)$ / sharesshares	Feb. 21, 2017$ / shares	Feb. 28, 2017shares	Sep. 30, 2018USD ($)Vote$ / sharesshares	Sep. 30, 2017USD ($)$ / shares	Sep. 30, 2018USD ($)DVote$ / sharesshares	Sep. 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		$ 63,600											$ 84,193	$ 128,184
Common stock, par value | $ / shares																							$ 0.0001		$ 0.0001		$ 0.0001
Purchase price paid in common stock (in value) | $																							$ 19,706	$ 11,079	$ 19,706	11,079
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
Common stock, par value | $ / shares																				$ 10
Proceeds from convertible preferred stock | $																				$ 65,000
Aveda
Purchase price paid in common stock (in shares)						1,612,979
Purchase price paid in common stock (in value) | $						$ 15,400
Kelsey Trail
Purchase price paid in common stock (in shares)				95,859														95,859
Purchase price paid in common stock (in value) | $				$ 900														$ 900
Builders
Purchase price paid in common stock (in shares)			399,530												399,530
Purchase price paid in common stock (in value) | $			$ 3,400												$ 3,400
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)
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		$ 1.91							$ 1.91		$ 0.68				$ 1.91	$ 1.91	$ 5.72	$ 2.59
Dividend paid (in dollars per share) | $ / shares	$ 1.91				$ 1.91				$ 1.91							$ 2.59
Accrued convertible preferred dividends | $																								$ 1,239		$ 1,239
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
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
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
Earn out provision | Hennessy Capital Acquisition Corp II and HCAC Merger Sub Inc
Common stock, par value | $ / shares							$ 0.0001
Purchase price paid in common stock (in shares)							5,000,000																5,000,000

STOCK-BASED COMPENSATION Option

STOCK-BASED COMPENSATION Options (Details) - USD ($)	9 Months Ended	16 Months Ended	19 Months Ended
	Sep. 30, 2018	Sep. 30, 2018	Sep. 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			1,806,590
Issued and Outstanding (in shares)	1,734,401	1,734,401	1,734,401
Weighted Average Exercise Price (in dollars per share)			$ 10.50
Weighted Average Grant Date Fair Value (in dollars)			$ 7,908,869
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	291,595
Issued and Outstanding (in shares)	1,879,401	1,879,401	1,879,401	1,655,995
Weighted Average Exercise Price (in dollars per share)	$ 11.03
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	592,015	1,600,883
Issued and outstanding	956,910	956,910	956,910	763,591
Vesting Period (in years)	5 years
Grant Date Fair Value	$ 16,921,333	$ 16,921,333	$ 16,921,333

STOCK-BASED COMPENSATION Fair V

STOCK-BASED COMPENSATION Fair Value (Details)	9 Months Ended
	Sep. 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	36.70%
Maximum
Fair value of stock option grants
Risk-free interest rate	2.77%
Expected volatility	39.90%

STOCK-BASED COMPENSATION Opti_2

STOCK-BASED COMPENSATION Option Activity (Details) - 2017 Omnibus Incentive Plan - Stock Option $ / shares in Units, $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2018USD ($)$ / sharesshares	Dec. 31, 2017USD ($)$ / sharesshares
Shares
Outstanding, at the beginning (in shares) | shares	1,655,995
Granted (in shares) | shares	291,595
Exercised (in shares) | shares	(5,000)
Forfeited or expired (in shares) | shares	(63,189)
Outstanding, at the end (in shares) | shares	1,879,401	1,655,995
Exercisable at the end, Shares | shares	283,395
Weighted Average Exercise Price
Outstanding, at the beginning (in dollars per shares) | $ / shares	$ 10.36
Granted (in dollars per shares) | $ / shares	11.03
Exercised (in dollars per shares) | $ / shares	9.98
Forfeited or expired (in dollars per shares) | $ / shares	10.45
Outstanding, at the end (in dollars per shares) | $ / shares	10.46	$ 10.36
Exercisable at the end (in dollars per shares) | $ / shares	$ 9.99
Weighted Average Remaining Contractual Terms and Aggregate Intrinsic Value
Weighted Average Remaining Contractual Terms (Years)	8 years 8 months 12 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 4 months 24 days
Aggregate Intrinsic Value, Outstanding, at the beginning (in dollars) | $	$ 6,505
Aggregate Intrinsic Value, Outstanding at the end (in dollars) | $		$ 6,505
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	9 Months Ended	16 Months Ended
	Sep. 30, 2018	Sep. 30, 2018
Number of Units
Outstanding at the beginning (in units)	763,591
Granted (in units)	592,015	1,600,883
Exercised (in units)	(114,136)
Forfeited (in units)	(284,560)
Outstanding at the end (in units)	956,910	956,910
Weighted Average Grant Date Fair Value (Per Unit)
Outstanding at the beginning (per unit)	$ 9.98
Granted (per unit)	11.57
Exercised (per unit)	9.50
Forfeited (per unit)	11.49
Outstanding at the end (per unit)	$ 10.57	$ 10.57

STOCK-BASED COMPENSATION Aggreg

STOCK-BASED COMPENSATION Aggregate (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Stock Option
Stock-based compensation
Unrecognized stock-based compensation expense	$ 6.2		$ 6.2
Weighted average period of recognition			3 years 8 months 12 days
Restricted Stock Units (RSUs)
Stock-based compensation
Unrecognized stock-based compensation expense	9		$ 9
Weighted average period of recognition			4 years
Salaries, wages and employee benefits
Stock-based compensation
Aggregate stock-based compensation charges	$ 0.9	$ 0.7	$ 2.7	$ 1.2

DEFINED CONTRIBUTION PLAN (Deta

DEFINED CONTRIBUTION PLAN (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
DEFINED CONTRIBUTION PLAN
Company's expense under matching requirements	$ 900	$ 600	$ 2,800	$ 1,800
Matching contribution not yet merged	$ 100	$ 47,000	$ 300	$ 47,000

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Letter of credit
Operating Leased Assets [Line Items]
Outstanding letters of credit	$ 12		$ 12
Revenue Equipment
Operating Leased Assets [Line Items]
Rent expense	5.8	$ 4.7	14.8	$ 12.7
Office and Terminals
Operating Leased Assets [Line Items]
Rent expense	$ 3.9	$ 2.1	$ 9.6	$ 4.5

REPORTABLE SEGMENTS (Details)

REPORTABLE SEGMENTS (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017
Segment Reporting Information, Profit (Loss) [Abstract]
Total revenue	$ 461,589	$ 231,322	$ 1,166,069	$ 589,079
Operating income (loss)	13,917	5,704	30,182	9,320
Depreciation	32,757	18,040	81,572	49,109
Amortization of intangible assets	4,043	1,765	12,176	4,649
Interest expense	11,839	8,624	33,246	21,064
Income (loss) before provision for income tax	2,851	(2,812)	611	(15,250)
Total assets	1,406,534	857,421	1,406,534	857,421	$ 1,125,668
Gross capital expenditures	49,898	14,930	85,296	23,922
Corporate/Eliminations
Segment Reporting Information, Profit (Loss) [Abstract]
Total revenue	(3,796)	(1,901)	(9,749)	(5,004)
Operating income (loss)	(10,128)	(6,210)	(22,345)	(18,391)
Depreciation	25	37	82	115
Interest expense	6,735	4,709	19,104	9,969
Income (loss) before provision for income tax	(16,752)	(10,869)	(39,800)	(31,979)
Total assets	25,754	111,974	25,754	111,974
Gross capital expenditures	658	55	1,068	103
Flatbed | Operating Segments
Segment Reporting Information, Profit (Loss) [Abstract]
Intersegment revenues and expenses	1,100	700	3,200	2,400
Total revenue	181,494	85,592	488,681	253,794
Operating income (loss)	12,230	4,755	28,462	14,955
Depreciation	7,751	6,713	21,420	20,619
Amortization of intangible assets	1,450	437	4,395	1,310
Interest expense	2,206	1,777	6,011	5,263
Income (loss) before provision for income tax	10,122	2,997	22,754	9,725
Total assets	474,218	272,686	474,218	272,686
Gross capital expenditures	8,531	4,485	11,256	6,653
Specialized | Operating Segments
Segment Reporting Information, Profit (Loss) [Abstract]
Intersegment revenues and expenses	2,600	1,200	6,500	2,600
Total revenue	283,891	147,631	687,137	340,289
Operating income (loss)	11,815	7,159	24,065	12,756
Depreciation	24,981	11,290	60,070	28,375
Amortization of intangible assets	2,593	1,328	7,781	3,339
Interest expense	2,898	2,138	8,131	5,832
Income (loss) before provision for income tax	9,481	5,060	17,657	7,004
Total assets	906,562	472,761	906,562	472,761
Gross capital expenditures	$ 40,709	$ 10,390	$ 72,972	$ 17,166

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Sep. 30, 2018	Sep. 30, 2017
Numerator:
Net income (loss)	$ 2,181	$ 13,485	$ (797)	$ 50	$ (4,106)	$ (7,746)	$ 14,869	$ (11,802)
Less preferred dividends		$ (1,239)	$ (1,239)	(1,225)	$ (1,694)	$ (806)	(1,239)
Allocation of earnings to nonvested participating restricted stock units	(15)						(180)
Numerator for basic and diluted EPS	$ 927			$ (1,175)			$ 10,972	$ (15,527)
Denominator:
Weighted-average shares outstanding	64,310			39,360			59,398	34,791
Weighted average non-vested participating restricted stock units	979						1,015
Denominator for basic and diluted EPS – weighted-average shares	65,289			39,360			60,413	34,791
Basic and diluted EPS (in dollars per share)	$ 0.01			$ (0.03)			$ 0.18	$ (0.45)
Series A
Numerator:
Less preferred dividends	$ (1,239)			$ (1,225)			$ (3,717)	$ (2,919)
Series B
Numerator:
Less preferred dividends								$ (806)