Truckload companies USA Truck and Celadon Group are not waiting for a recovery in the truckload market to materialize and pull them out of the red, instead working to get into the black with a stronger focus on their asset-light brokerage businesses.
13 Oct 2016
The truckload carrier is reducing the size of its company fleet but hopes a pay hike will attract more independent contractors.
30 Mar 2016
John Simone, who as CEO led USA Truck back to profitability after years of losses before taking a medical leave of absence last year, has died at the age of 54 after a battle with lung cancer.
03 Feb 2016
USA Truck recorded improved profits and operating ratios for both the fourth quarter and full year of 2015, despite double-digit drops in revenue, even excluding fuel surcharges, for both periods.
04 Nov 2015
USA Truck’s profit and revenue fell by double-digits in the third quarter as it works to restructure operations and implement new technology.
29 Sep 2015
Former Con-way executive joins USA Truck as the truckload carrier continues to build profitability.
04 Aug 2015
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.