Tagged: usa truck inc.

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.

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 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.

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 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.