Tagged: usa truck inc.

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.

Gary Enzor Joins USA Truck Board of Directors

by Lance Turner 9/22/2014 10:37 am

USA Truck Inc. of Van Buren says Gary R. Enzor has joined its board of directors.

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.

ADW Capital Takes 3 Percent Stake in USA Truck, Calls for CEO's Ouster

by Marty Cook 8/25/2014 6:22 pm

The managing member of ADW Capital Partners LP of New York City calls for a change in leadership and a selling off of divisions at USA Truck Inc. of Van Buren.

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.

Knight Transportation Unloads More USA Truck Shares

by Marty Cook 8/6/2014 8:38 am

Knight Transportation Inc. of Phoenix sold another 142,000 shares of USA Truck this past week according to a filing with the Securities & Exchange Commission.

Two Steps Forward, One Back (Editorial)

by Arkansas Business Editors 8/4/2014 12:00 am

Last week’s economic news was of the motion sickness-inducing two steps forward, one step back kind.

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.

UPDATE: USA Truck Expands Board of Directors for Largest Shareholders

by Marty Cook 5/23/2014 1:33 pm

USA Truck Inc. of Van Buren expanded its board of directors to make room for representatives from its largest shareholders. Stone House Capital and Baker Street, that formed United Shareholders for the Benefit of USAK, now own nearly 3 million shares, or 28 percent in the trucking firm.

USA Truck Falls, Dillard's Rises in Friday Trading

by Lance Turner 5/16/2014 2:46 pm

A tale of two stocks on Friday, as Dillard's Inc. of Little Rock has resumes its bull run and shares of USA Truck Inc. of Van Buren sink after a shareholder sells some of its holdings.

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.

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.

USA Truck, Knight Transportation End Takeover Battle, Lawsuit

by Lance Turner 2/4/2014 5:18 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.