USA Truck reported a net loss of $2.5 million in the first quarter of 2013, improving from a net loss of $4.9 million in the first quarter of 2012.
Total quarterly revenue for USA Truck, No. 40 on JOC’s list of the Top 50 Trucking Companies, was $132.0 million, rising 6.8 percent from $123.7 million in the same quarter last year. Trucking revenue accounted for $79.8 million in the first quarter, up 5.1 percent year-over-year from $75.9 million, and the Strategic Capacity Solutions segment’s revenue accounted for $21.5 million, increasing 22.0 percent from $17.6 million. Intermodal revenue from January to March was $3.6 million, down 15.3 percent from $4.3 million in the first quarter of the previous year.
“Our operational execution continues to improve, helping us overcome difficult weather conditions across our operating areas and fewer business days due to leap year and an early Easter,” said John Simone, president and CEO, in a written statement. “We are pleased with our progress, and our top priority is returning to profitability as quickly as possible and restoring shareholder value.”