Tagged: knight transportation

USA Truck, Knight Transportation End Takeover Battle, Lawsuit

by Lance Turner 2/4/2014 05:18 pm

Knight Transportation Inc. of Phoenix and USA Truck Inc. of Van Buren have called off their legal battle, and Knight has ended its takeover bid for the company, launched in September.

USA Truck Founder Robert Powell Sells Company Stake

by Marty Cook 2/3/2014 10:04 am

Former USA Truck founder and CEO Robert Powell sold his stake of nearly 1 million shares in the Van Buren company.

Stone House Capital Again Raises USA Truck Stake

by Lance Turner 1/8/2014 10:04 am

Stone House Capital Management of New York, the top shareholder of USA Truck Inc. of Van Buren, has again increased its stake in the trucking firm to 1.55 million shares.

Stone House Capital Raises USA Truck Stake to 1.5M Shares

by Lance Turner 12/5/2013 10:55 am

Stone House Capital Management, the top shareholder of USA Truck Inc. of Van Buren, has increased its stake in the firm to 1.5 million shares.

USA Truck, Knight Transportation Trial Set for April 14

by Lance Turner 11/26/2013 11:09 am

A U.S. District Court judge has set a trial date of April 14 in USA Truck Inc.'s breach of contract lawsuit against Knight Transportation Inc., the company that is attempting to take over USA Truck.

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 04:25 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.

Knight Slams USA Truck's Bonus, Severance Packages

by Marty Cook 11/7/2013 11:08 am

Knight Transportation Inc. of Phoenix criticizes USA Truck's decision to implement bonus and severance packages for the officers of the Van Buren company.

USA Truck Touts New Investment In Its Fleet

by Lance Turner 11/6/2013 02:12 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 07:15 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.

Knight Transportation Profit Falls 9 Percent, Continues to Press USA Truck Deal

by Lance Turner 10/24/2013 09:59 am

Knight Transportation of Scottsdale, Ariz., the company pushing to acquire USA Truck Inc. of Van Buren, reports third-quarter net income of $15.1 million, down 9 percent from the same time last year.

USA Truck Narrows 3Q Loss As Revenue Rises 13.5 Percent

by Lance Turner 10/17/2013 08:34 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 Files Lawsuit Against Knight Transportation for Breach of Contract, Wants Stock Divested

by Lance Turner 10/11/2013 06:56 am

USA Truck Inc. of Van Buren files a breach of contract lawsuit against Knight Transportation Inc., which wants to take over the trucking company in a deal worth $242 million.

Knight Transportation Increases Stake in USA Truck to 11 Percent

by Lance Turner 9/30/2013 07:18 am

Knight Transportation of Phoenix says Monday that it has increased its ownership in outstanding shares of USA Truck Inc. of Van Buren to 11.3 percent.

USA Truck: Knight Offer 'Substantially Undervalues' Our Company

by Lance Turner 9/27/2013 07:31 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."

What Some Analysts Are Saying About Knight Transportation's Play for USA Truck

by Lance Turner 9/26/2013 03:19 pm

USA Truck Inc. of Van Buren has rejected a takeover offer by Knight Transportation of Phoenix. Here's how some analysts are looking at the deal.