USA Truck

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September 23, 2014

USA Truck Names New CFO, Appoints Quality Distribution CEO to Board

Michael K. Borrows is the new CFO of USA Truck, replacing Clifton R. Beckham, who previously announced his resignation as executive vice president and chief financial officer.

August 26, 2014

USA Truck Minority Shareholder Calls for Changes, CEO Ouster

One of USA Truck’s minority investors and its manager are calling for changes within the trucking company, including selling off all or part of to ousting its current leader.

July 31, 2014

USA Truck Reports First Profit Since 2011

“While continuing the work of implementing our turnaround plan, the progress we are making is evident in virtually every area of our business,” said President and CEO John Simone.

May 30, 2014

New Member Appointed to USA Truck Board

The trucking company USA Truck announced the appointment of Alexander D. Greene to its board of directors. With the addition of Greene, the USA Truck Board expands to 10 members.

May 23, 2014

USA Truck Reaches Agreement with Largest Shareholders

The trucking company USA truck on Friday said it has reached an agreement with its largest shareholders who hold approximately a 28% stake in the company.

May 8, 2014

USA Truck Says It’s Not A Takeover Target Again

USA Truck released a statement about the hedge funds Baker Street Capital and Stone House Capital now holding a joint 28% interest in the company.

April 30, 2014

USA Truck, Covenant Transportation Narrow Losses

Arkansas-based truckload carrier and logistics provider, USA Truck, cut its net loss from $2.5 million in the first quarter of last year to $1.6 million in the first quarter of this year. This resulted in a diluted loss per share of 15 cents compared to 24 cents during the same time frame.

February 11, 2014

Fourth Quarter Losses Widen at USA Truck

Trucking and logistics provider USA Truck saw its fourth quarter losses widen compared to a year ago but reduced it 2013 compared to the year before.

February 5, 2014

USA Truck And Knight Reach Settlement over Proposed Purchase

Truckload companies USA Truck and Knight Transportation have reached a settlement dismissing all claims between the two in connection with litigation arising from Knight’s previously announced proposal to acquire Arkansas-based USA Truck in a $242 million bid.

November 13, 2013

USA Truck Expands Atlanta Terminal

USA Truck Inc. announced the conversion of its Atlanta terminal to a continuous, full-service operations and support center. USA Truck also plans to hire additional drivers to increase its presence throughout the Southeast.

November 4, 2013

Knight Transportation Steps Up Pursuit of USA Truck

Knight Transportation is keeping up its public campaign to buy rival truckload carrier USA Truck, despite being told the company is not interested in being purchased.

October 27, 2013

USA Truck Appoints Cade as Vice President, Maintenance

USA Truck Inc., transportation and logistics provider, has named James L. Cade as vice president of maintenance.

October 23, 2013

Knight Transportation Third Quarter Profit Slips

Truckload carrier Knight Transportation has reported slightly higher third quarter revenue while income is lower from the same time a year earlier.

October 17, 2013

USA Truck Nearly Breaks Even in Third Quarter

The Arkansas-based fleet USA Truck has improved financial results for the third quarter and the first nine months of the year, with a 13.5% increase in revenue and a much smaller net loss than a year ago.

October 11, 2013

USA Truck Sues Knight for Using Confidential Info in 'Creeping Hostile Acquisition'

Truckload carrier USA Truck has filed a breach of contract lawsuit against Knight Transportation, claiming Knight used USA Truck's confidential information to begin what it calls a “creeping hostile acquisition” of the Arkansas-based fleet.

September 30, 2013

Knight “Disappointed” Over USA Truck’s Rejection

Phoenix-based truckload carrier Knight Transportation, has responded to USA Truck’s recent rejection of its purchase offer, saying it's disappointed and announcing it's upped its ownership share of the company.

September 26, 2013

USA Truck Rejects Offer from Knight Transportation

UPDATED -- Knight Transportation wants to buy USA Truck, but so far USA Truck hasn't been interested, so Phoenix-based Knight Thursday went public with its proposal to acquire all of the outstanding share of USA Truck.

September 17, 2013

USA Truck Announces Executive Appointments

USA Truck has announced the appointment of Russell Overla to the position of executive vice president, Truckload Operations and Jeff Lester to the role of executive vice president, Safety and Risk Management. The two bring a combined 40 years of transportation industry experience to USA Truck's executive management team.

July 25, 2013

USA Narrows Loss on Higher Revenue

Arkansas-based USA Truck announced improved year-over-year financial results for the second quarter of the year, with an 7.7% increase in revenue and a lower net loss than the same time last year.

May 29, 2013

USA Truck Awards 10 Scholarships

Ten students who are children and dependents of people affiliated with USA Truck have been awarded a total of $10,000 in scholarships for the 2013-14 academic year through the USA Truck Scholarship Program offered by the Arkansas-based carrier.

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