Tagged: cliff beckham

USA Truck Names Michael K. Borrows CFO

by Lance Turner 9/23/2014 7:53 am

USA Truck Inc. of Van Buren appoints Michael K. Borrows, a former executive at Kansas City Southern and BNSF Railway, as its new chief financial officer. Borrows succeeds Clifton R. Beckham, formerly the company's CEO, who announced in August that he would leave the company.

Cliff Beckham’s Exit from USA Truck ‘A Bit of a Victory Lap’

by Marty Cook 9/1/2014 12:00 am

Thanks to conservative living and USA Truck’s generosity — the company is letting Beckham keep a $75,000 bonus he received in April — Beckham doesn’t have to make hasty job decisions any time soon. For 20 years he invested his disposable income in USA Truck stock, the same stock he nervously began to sell, for the first time, on Aug. 11.

Trucking Firms Raise Pay To Keep Moving

by Marty Cook 8/11/2014 12:00 am

Listen to any Arkansas trucking company executive — with the possible exception of unionized ABF Freight — and you will hear lamentations about driver shortages in the industry. Short of cultural change to repopularize the job, executives know they have to pay more to attract drivers and work harder to keep them. The trend doesn’t look like it is going to get any better anytime soon.

Update: Cliff Beckham to Resign From USA Truck

by Marty Cook 8/7/2014 1:36 pm

USA Truck Inc. of Van Buren says Clifton R. Beckham, the company's former CEO and now its executive vice president and CFO, will resign effective Sept. 30, part of a planned transition that began when Beckham helped hire the trucking firm's chief executive John Simone.

Finding Truck Drivers Remains a Tough Job

by Marty Cook 5/12/2014 12:00 am

Driver recruiting and retention — we’ll lump them together as one entity — is one of the biggest challenges facing the industry. Recent federal regulations with strict guidelines regarding drive and break times only complicate trucking companies’ ability to attract and keep drivers, officials said.

At 28 Percent Stake, Combined Shareholders 'Not Takeover People,' USA Truck CFO Says

by Marty Cook 5/7/2014 3:15 pm

The CFO of USA Truck Inc. says that a pair of hedge funds combining forces to represent 28 percent of the trucking firm's shares does not a pose another takeover threat.

USA Truck Narrows Quarterly Loss, Beats Revenue Estimates

by Marty Cook 4/30/2014 9:34 am

USA Truck Inc. of Van Buren posts another quarterly loss, but it was narrower than the trucking firm reported last year, and the company beat analysts' estimates for quarterly revenue.

USA Truck CEO John Simone's Pay Package Tops $1M

by Marty Cook 4/28/2014 9:57 am

The new CEO who fought off a hostile takeover attempt also received a $265,000 bonus earlier this month.

Knight's Takeover Attempt Behind It, USA Truck Will End 'Poison Pill' Plan

by Marty Cook 4/10/2014 10:53 am

USA Truck of Van Buren says it will end its shareholders rights plan at the end of business Friday. The publicly traded trucking company adopted the plan in November 2012 to protect itself from hostile takeover bids while the company attempted a turnaround.

USA Truck’s New Management Navigates a Learning Curve

by Marty Cook 2/24/2014 12:00 am

Cliff Beckham is the chief financial officer at USA Truck Inc. of Van Buren, a company that certainly had an interesting 2013. The trucking company brought in a new CEO and several new executives, fought off — for the time being — a hostile takeover bid by a competitor and saw its fifth consecutive annual net loss.

Knight Falls on USA Truck's Shareholders List

by Arkansas Business Staff 11/25/2013 12:00 am

Phoenix-based Knight Transportation is now third on the list of shareholders of Van Buren’s USA Truck.

USA Truck CEO John Simone: Turnaround Plan Is Working

by Marty Cook 11/12/2013 4:25 pm

USA Truck Inc. CEO John Simone says the company's progress in the third quarter is a sign the management’s turnaround plan was working. Simone, speaking at the Stephens 2013 Fall Investment Conference at the New York Palace Hotel, said his company's resurgence was for real. USA Truck is currently trying to fight off a takeover attempt by rival Knight Transporation Inc of Phoenix.

USA Truck’s Poison Pill Ready as It Fights Off Knight Transportation

by Marty Cook 11/11/2013 12:00 am

USA Truck Inc. of Van Buren has a shareholder rights plan but that might not be enough to hold off a determined rival intent on buying the company.

Eight 40 Under 40 Honorees Who Became CEO

by Arkansas Business Staff 6/17/2013 12:00 am

Arkansas Business is proud to have featured a number of 40 Under 40 honorees who have gone on to the corner offices of publicly traded companies. Let’s count them.

Maverick USA, JB Hunt Lead Trucking Performance

by Jan Cottingham 4/29/2013 12:00 am

2012 proved to be a mixed year for trucking revenue in Arkansas, though three standout performers — two good, one not so much — blew by their peers on the list of the largest trucking companies doing business in the state.

USA Truck To Pay New CEO John Simone $460,000, Plus Stock, Incentive Options

by Chris Bahn 4/9/2013 8:18 am

New USA Truck CEO John Simone is in line for $460,000 in base salary, plus stock options and incentive bonus opportunities, according to the company’s most recent proxy filing with the SEC.

USA Truck Looks East to West Memphis

by Chris Bahn 2/25/2013 12:00 am

USA Truck Inc. of Van Buren hopes to retain more drivers with a West Memphis expansion project.

New CEO John Simone Says He'll Evaluate USA Truck Over Next 100 Days

by Lance Turner and Chris Bahn 2/18/2013 3:40 pm

USA Truck's new CEO, John Simone, talks to Arkansas Business about how he plans to develop a vision for the company's long-term success.

USA Truck Expanding West Memphis Terminal, Adding Jobs

by Chris Bahn 2/12/2013 9:57 am

USA Truck will begin adding approximately 125 jobs as part of a terminal expansion in West Memphis. Additional workforce will help USA Truck meet customer demand as it upgrades to a full-service terminal on March 2013.

USA Truck Announces Board Shakeup, Efforts to Repel Hostile Takeover

by Jan Cottingham 11/9/2012 9:17 am

USA Truck, which just two weeks ago reported a record quarterly loss, has announced a board shakeup and other efforts designed to stem the Van Buren company's financial bleeding and prevent a hostile takeover.