Tagged: john simone

USA Truck Adds 2 to Dedicated Freight Team

by Marty Cook 11/21/2014 11:27 am

USA Truck Inc. of Van Buren names Greg Lutes vice president and general manager of the company’s dedicated freight team.

USA Truck Logs Its Most Profitable Quarter in 8 Years

by Marty Cook 11/3/2014 10:02 am

USA Truck Inc. of Van Buren reported its most profitable quarter in eight years Monday.

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.

USA Truck Reports First Profitable Quarter Since 2011

by Marty Cook 7/31/2014 8:59 am

USA Truck of Van Buren reported its first profitable quarter since 2011 on Thursday, bringing in net income of $700,000, or 7 cents per share. The profit came even after a tough first half of the year marked by hard winter weather and a driver shortage that continues to dog the industry.

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.

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.

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.

Revenue Rises But Loss Widens for USA Truck

by Arkansas Business Staff 2/11/2014 7:54 am

USA Truck Inc. of Van Buren reports a fourth-quarter net loss of $4.6 million, or 45 cents per share, a bigger loss than the $3.2 million, or 31 cents per share, it reported in the same quarter last year.

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 Touts New Investment In Its Fleet

by Lance Turner 11/6/2013 2:12 pm

USA Truck Inc. of Van Buren trumpets the arrival of new tractors for its fleet, which Knight Transportation Inc. has criticized as being too old.

Knight Transportation: USA Truck Shows Only 'Limited Improvement'

by Lance Turner 11/4/2013 7:15 am

Knight Transportation Inc. of Phoenix, Ariz., whose buyout offer to USA Truck Inc. of Van Buren has been rejected by USA Truck's board of directors, continues to press its case for a takeover.

USA Truck Narrows 3Q Loss As Revenue Rises 13.5 Percent

by Lance Turner 10/17/2013 8:34 am

USA Truck Inc. of Van Buren, the target of a takeover attempt by Knight Transportation of Scottsdale, Ariz., reports a narrower third-quarter loss, $602,000, as revenue rose 13.5 percent to $141.8 million. CEO John Simone cites "rapid progress" in turning the company around.

USA Truck: Knight Offer 'Substantially Undervalues' Our Company

by Lance Turner 9/27/2013 7:31 am

In a statement released late Thursday, USA Truck Inc. of Van Buren said Knight Transportation's $9 per share takeover offer "substantially undervalues" the company and called Knight's method of disclosing the deal "misleading."

2Q Revenue Rises 7.7 Percent As USA Truck Continues Rebound

by Chris Bahn 7/24/2013 4:59 pm

USA Truck Inc. of Van Buren announces second-quarter revenue of $115.5 million, a 7.7 percent increase over the same quarter last year. Still, the trucking firm reported a $1 million net loss for the quarter.

USA Truck Board Chairman Robert A. Peiser 'Hopeful' He'll Be Retained

by Chris Bahn 5/16/2013 11:13 am

Robert A. Peiser, the USA Truck Inc. board chairman who submitted a conditional resignation Wednesday, tells Arkansas Business that he's "hopeful" he'll be retained by the publicly traded Van Buren trucking firm.