A similar name can cause the kind of confusion USA Truck wants to avoid.
The Arkansas-based truckload carrier responded quickly to the bankruptcy of Texas-based USA Dry Van Logistics and USA Carriers, issuing a statement to clarify that it is in business, not in bankruptcy.
"USA Truck wishes to inform the public that there is no direct or indirect relationship between such companies and USA Truck," the company said, referring to the struggling carriers in Texas.
Established in 1983, USA Truck is a publicly owned truckload carrier with a growing intermodal and brokerage business. The Van Buren, Ark., company had $317.2 million in sales in 2009, and a net loss of $7.2 million.
USA Dry Van Logistics and USA Carriers filed for Chapter 11 bankruptcy protection Feb. 2. The McAllen-based companies received debtor in possession financing from GE Capital to keep running during reorganization.
"Under this arrangement the company will be paying drivers, employees, carriers, fuel and other critical vendors as the company works with its customers to continue to deliver freight in a secure and timely manner," the companies said in a statement.
USA Carriers, or USA Logistics Carriers, was founded in 2000 to serve the Maquila plants along the U.S.-Mexican border. In 2007 its sales reportedly topped $96 million.
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