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USA Truck turned its finances around in the first three months of the year, reporting a profitable first quarter for the first time since 2007.
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USA Truck Inc. on Wednesday reported net income of $6.03 million for 2014, its first annual profit following five straight years of losses.
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He will be responsible for refining and enhancing the Arkansas-based company’s route network as it continues with its growth strategy, according to a news release.
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USA Truck expanded its Dedicated Freight team with the hiring of Greg B. Lutes as vice president and general manager.
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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.
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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.
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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.
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“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.
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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.
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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.
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