Exhibit 10.2


 


SUMMARY OF COMPENSATION ARRANGEMENTS WITH
NAMED EXECUTIVE OFFICERS


 


On October 27, 2005, the Compensation Committee
(the “Committee”) our Board of Directors approved the following base salaries
(effective as of October 30, 2005) and the following other compensation
amounts (effective January 1, 2006) as indicated:


 


	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Restricted

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Base 

  	
   

  	
   

  	
   

  	
  Other Annual

  	
   

  	
  Stock

  	
   

  	
   

  	
   

  
	
  Named Executive Officer

  	
   

  	
  Salary

  	
   

  	
  Bonus

  	
   

  	
  Compensation

  	
   

  	
  (No. of Shares)

  	
   

  	
  All Other

  	
   

  
	
   

  	
   

  	
  ($)

  	
   

  	
  ($)

  	
   

  	
  ($)

  	
   

  	
  (3)

  	
   

  	
  ($)

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Wayne Garrison

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Chairman of the
  Board

  	
   

  	
  $

  	
  500,000

  	
   

  	
   

  	
  (1)

  	
   

  	
  (2)

  	
  20,000

  	
   

  	
   

  	
  (4) 

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Kirk Thompson

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  President and
  CEO

  	
   

  	
  600,000

  	
   

  	
   

  	
  (1)

  	
   

  	
  (2)

  	
  35,000

  	
   

  	
   

  	
  (4)

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Jerry Walton

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  EVP, Finance/

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Administration
  and CFO

  	
   

  	
  355,000

  	
   

  	
   

  	
  (1)

  	
   

  	
  (2)

  	
  10,000

  	
   

  	
   

  	
  (4)

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Paul Bergant

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  EVP, Marketing,
  CMO,

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  President of
  Intermodal

  	
   

  	
  315,000

  	
   

  	
   

  	
  (1)

  	
   

  	
  (2)

  	
  10,000

  	
   

  	
   

  	
  (4)

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Craig Harper

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  EVP, Operations
  and COO

  	
   

  	
  305,000

  	
   

  	
   

  	
  (1)

  	
   

  	
  (2)

  	
  17,000

  	
   

  	
   

  	
  (4)

  
													



 










	
  (1)

  	
  We have a
  performance-based bonus program that is related to our earnings per share
  (EPS) for calendar year 2006. According to the 2006 EPS bonus plan, each of
  our named executive officers may earn a bonus ranging from 5% to 220% of his
  annual base salary. Based on our current expectations for 2006 EPS, each
  named executive officer can be projected to earn a bonus equal to between 25%
  and 100% of his base salary.

  
	
   

  	
   

  
	
  (2)

  	
  We will reimburse
  each named executive officer up to $10,000 for actual expenses incurred for
  tax, legal and estate plan preparation services.

  
	
   

  	
   

  
	
  (3)

  	
  The Committee
  awarded shares of restricted stock to each named executive officer as
  indicated. The restricted shares vest over various periods ranging up to ten
  years.

  
	
   

  	
   

  
	
  (4)

  	
  We have a 401(k)
  retirement plan that includes matching contributions on behalf of each of the
  named executive officers. We expect to contribute to the plan on behalf of
  each named executive officer approximately $6,000 during 2006.