By cutting 800 higher cost older tractors from its fleet this year, USA Truck hopes to make more money with less capacity. The truckload carrier increased its net profit by $1.7 million in the second quarter to $2.5 million, while revenue dropped.
13 Jul 2015
USA Truck is changing CEOs, but not the strategies that helped the truckload carrier return to profit last year after several years of losses.
06 May 2015
USA Truck posted its first profitable first quarter in eight years this week. It also marks the fourth consecutive profitable quarter for the firm as it pursues a new corporate strategy as a “capacity solutions provider,” the company said.
06 Apr 2015
John Simone, the CEO who drove USA Truck back to profitability last year after several years of losses, will take medical leave. Director Thomas Glaser will serve as interim chief operating officer.
26 Feb 2015
Fresh from its first profitable year since the recession, USA Truck signed an agreement with two of its leading investors that will allow those firms to sell some of their stock.
20 Feb 2015
The publicly owned trucking companies tracked by JOC.com finished 2014 with $41.5 billion in combined revenue, a 10.9 percent improvement over 2013 attributed to growing industrial output, imports, exports and consumer confidence.
18 Feb 2015
Shippers could see truck pricing 'skyrocket' as they scramble to move containers inland once the labor situation at U.S. West Coast ports is resolved, BB&T Capital Markets said.
13 Feb 2015
After a strenuous overhaul of its business model to better match evolving shipper supply chain needs, USA Truck returned to profitability in 2014. A stronger U.S. economy and lower fuel prices also helped.
10 Dec 2014
USA Truck is opening a brokerage office in Jacksonville, Florida and expanding its Chicago presence as shippers seek additional truck capacity.
13 Nov 2014
The third quarter was good to practically all the publicly owned U.S. trucking companies: none reported losses, and their combined revenue rose 10.7 percent to more than $10 billion, supported by a second quarter of stronger freight demand and economic growth.