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USA Truck

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November 20, 2014 - Industry News

USA Truck Expands Dedicated Freight Team

USA Truck expanded its Dedicated Freight team with the hiring of Greg B. Lutes as vice president and general manager.

Tags: Leadership, Hiring, People, USA Truck

November 3, 2014 - Industry News

USA Posts Biggest Profit in Eight Years

Transportation and logistics provider USA Truck Inc. has announced earnings for the third quarter of the year showing its most profitable quarter in eight years and its second straight quarterly profit.

Tags: Fleets, Earnings, USA Truck

September 23, 2014 - Industry News

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.

Tags: Fleets, People, USA Truck, Quality Distribution

August 26, 2014 - Industry News

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.

Tags: USA Truck, Mergers & Acquisitions, Fleets

July 31, 2014 - Industry News

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.

Tags: Fleets, Earnings, USA Truck

May 30, 2014 - Industry News

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.

Tags: Fleets, People, USA Truck

May 23, 2014 - Industry News

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.

Tags: Fleets, USA Truck

May 8, 2014 - Industry News

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.

Tags: USA Truck, Mergers & Acquisitions, Fleets

April 30, 2014 - Industry News

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.

Tags: Covenant Transport, Fleets, Earnings, USA Truck

February 11, 2014 - Industry News

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.

Tags: Fleets, Earnings, USA Truck

February 5, 2014 - Industry News

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.

Tags: Fleets, USA Truck, Litigation, Mergers & Acquisitions, Knight Transportation

November 13, 2013 - Industry News

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.

Tags: Expansion, USA Truck

November 4, 2013 - Industry News

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.

Tags: Fleets, USA Truck, Mergers & Acquisitions, Knight Transportation

October 27, 2013 - Industry News

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.

Tags: Leadership, USA Truck

October 23, 2013 - Industry News

Knight Transportation Third Quarter Profit Slips

Knight says inflationary cost pressures exceeded the improvement in its revenue per total mile. (Photo by Deborah Lockridge)

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

Tags: Fleets, Earnings, USA Truck, Knight Transportation, Fleet Financials

October 17, 2013 - Industry News

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.

Tags: Fleets, Earnings, USA Truck, Knight Transportation, Fleet Financials

October 11, 2013 - Industry News

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

USA Truck says Knight Transportion violated confidentiality agreements.

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.

Tags: Fleets, USA Truck, Litigation, Mergers & Acquisitions, Knight Transportation

September 30, 2013 - Industry News

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.

Tags: Fleets, USA Truck, Mergers & Acquisitions, Knight Transportation

September 26, 2013 - Industry News

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.

Tags: Fleets, USA Truck, Mergers & Acquisitions, Knight Transportation

September 17, 2013 - Industry News

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.

Tags: Leadership, USA Truck

July 25, 2013 - Industry News

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.

Tags: Fleet Financials, Earnings, USA Truck

May 29, 2013 - Industry News

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.

Tags: Fleets, USA Truck

May 6, 2013 - Industry News

USA, FFE, Covenant, P.A.M. Report First Quarter Losses, Patriot Boosts Profit

Several mainly truckload fleets have released first quarter results, with USA Truck and Frozen Food Express reporting narrower losses from a year ago, while Covenant Transport’s widened, P.A.M. Transportation went from a profit to a loss, and Patriot Transportation showed a bigger profit.

Tags: Covenant Transport, Earnings, USA Truck, Patriot Transportation, P.A.M. Transportation, Frozen Food Express, FFE, Fleet Financials

May 3, 2013 - Industry News

USA Truck Unveils Website For Veterans

Arkansas-based USA Truck added a driver recruiting website exclusively for military veterans. Called "We Hire Heroes" and located at www.HiringMilitaryDrivers.com, this new site is designed to make the transition to civilian employment easier for military personnel.

Tags: Drivers, military, Recruiting, Veterans, Fleets, USA Truck

February 18, 2013 - Industry News

USA Truck Announces New CEO

USA Truck lost $17.5 million in 2012.

USA Truck, Van Buren, Ark., named a new president and CEO following this month's financial reports of a $17.5 million net loss for 2012.

Tags: Fleets, People, USA Truck

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