Exhibit 99.1 April 17, 2024 Fellow Shareholders, For the first quarter, we earned net income to common stockholders of $3.4 million, or$0.14 per diluted share. Discussion of the Quarter Here are a few of the most important things I believe investors should note. These include both thoughts about the quarter and thoughts about the future. • Freight continues to be softer than most people predicted. We shared this in our last letter, and it continues to be our view. We are in the 24th month of the longest fr ...