Finding Truck Drivers Remains a Tough Job
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. read more >
by Marty Cook -
At 28 Percent Stake, Combined Shareholders ‘Not Takeover People,’ USA Truck CFO Says
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. read more >
by Marty Cook -
USA Truck Narrows Quarterly Loss, Beats Revenue Estimates
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. read more >
by Marty Cook -
USA Truck CEO John Simone’s Pay Package Tops $1M
The new CEO who fought off a hostile takeover attempt also received a $265,000 bonus earlier this month. read more >
by Marty Cook -
Knight’s Takeover Attempt Behind It, USA Truck Will End ‘Poison Pill’ Plan
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. read more >
by Marty Cook -
USA Truck’s New Management Navigates a Learning Curve
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. read more >
by Marty Cook -
Knight Falls on USA Truck’s Shareholders List
Phoenix-based Knight Transportation is now third on the list of shareholders of Van Buren’s USA Truck. read more >
USA Truck CEO John Simone: Turnaround Plan Is Working
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. read more >
by Marty Cook -
USA Truck’s Poison Pill Ready as It Fights Off Knight Transportation
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. read more >
by Marty Cook -
Eight 40 Under 40 Honorees Who Became CEO
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. read more >
Maverick USA, JB Hunt Lead Trucking Performance
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. read more >
by Jan Cottingham -
USA Truck To Pay New CEO John Simone $460,000, Plus Stock, Incentive Options
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. read more >
by Chris Bahn -
USA Truck Looks East to West Memphis
USA Truck Inc. of Van Buren hopes to retain more drivers with a West Memphis expansion project. read more >
by Chris Bahn -
New CEO John Simone Says He’ll Evaluate USA Truck Over Next 100 Days
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. read more >
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USA Truck Expanding West Memphis Terminal, Adding Jobs
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. read more >
by Chris Bahn -
USA Truck Announces Board Shakeup, Efforts to Repel Hostile Takeover
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. read more >
by Jan Cottingham -
USA Truck Posts Record Quarterly Loss
USA Truck Inc. of Van Buren reports a third-quarter net loss of $6.1 million, or 59 cents per share -- the trucking company's biggest quarterly loss ever. read more >
by Jan Cottingham -