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Investments / Public Companies / Transportation

USA Truck Shareholders Re-Elect 3 to Company Board

Shareholders voted to re-elect three members of the company’s board of directors and approved, in an advisory vote, of the company’s executive compensation plan. read more >
Investments / Public Companies / Transportation

USA Truck CEO Paid $1.4M in Total Compensation in 2014

John Simone, the CEO and president of USA Truck Inc. of Van Buren, received nearly $1.4 million in salary and bonuses in 2014 according to the company’s latest proxy. read more >
John Simone, president and CEO of USA Truck Inc. of Van Buren.
Investments / Public Companies / Transportation

Update: USA Truck CEO John Simone Takes Leave of Absence

USA Truck Inc. CEO John Simone is taking an indefinite leave of absence because of a recent diagnosis of a "serious medical condition," the Van Buren trucking company said Monday. read more >
John Simone, president and CEO of USA Truck Inc. of Van Buren.
Business Services / Investments / Public Companies

USA Truck Swings to Profit in 4Q, Caps ‘Transformative’ Year

USA Truck Inc. of Van Buren on Wednesday reported a fourth-quarter profit of $4.2 million, up from a $4.6 million loss in the same quarter last year. read more >
Martha Shoffner, ex-State Treasurer, walked away from a plea deal in favor of taking her bribery case to trial. (Photo by Mauren Kennedy)
Agriculture & Poultry / Banking & Finance / Business Services

The Top 10 Business Stories of 2014

Politics, white-collar crime, banking acquisitions, Turner Grain and more. Arkansas Business recaps the top 10 stories from the year that was 2014. read more >
A rendering of Main Street's Creative Corridor by the University of Arkansas Community Design Center and Marlon Blackwell Architect.
Agriculture & Poultry / Banking & Finance / Business Services

The Best & Worst of 2014

From best investment to worst financial projects, Arkansas Business recaps the best and worst of 2014. read more >
Public Companies / Transportation

USA Truck Adds 2 to Dedicated Freight Team

USA Truck Inc. of Van Buren names Greg Lutes vice president and general manager of the company’s dedicated freight team. read more >
John Simone, president and CEO of USA Truck Inc. of Van Buren.
Investments / Public Companies / Transportation

USA Truck Logs Its Most Profitable Quarter in 8 Years

USA Truck Inc. of Van Buren reported its most profitable quarter in eight years Monday. read more >
Business Services / Public Companies / Transportation

USA Truck Names Michael K. Borrows CFO

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. read more >
Cliff Beckham
Investments / Public Companies / Transportation

Cliff Beckham’s Exit from USA Truck ‘A Bit of a Victory Lap’

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. read more >
Maverick Transportation opened its new $4 million driver training center in late July in North Little Rock. | (Photo by Wil Chandler)
Business Services / Education / Public Companies

Trucking Firms Raise Pay To Keep Moving

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. read more >
Cliff Beckham
Investments / Public Companies / Transportation

Update: Cliff Beckham to Resign From USA Truck

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. read more >
John Simone, president and CEO of USA Truck Inc. of Van Buren.
Business Services / Investments / Public Companies

USA Truck Reports First Profitable Quarter Since 2011

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. read more >
Cliff Beckham
Investments / Public Companies / Transportation

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 >
John Simone, president and CEO of USA Truck Inc. of Van Buren.
Business Services / Investments / Public Companies

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 >
USA Truck CEO John Simone, an experienced turnaround artist, put together a 27-point plan that has helped the Van Buren company’s stock price almost triple in the past year. (Photos by Kat Wilson)
Investments / Public Companies / Transportation

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 >
USA Truck CEO John Simone, an experienced turnaround artist, put together a 27-point plan that has helped the Van Buren company’s stock price almost triple in the past year. (Photos by Kat Wilson)
Media & Marketing / Public Companies / Transportation

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 >
While USA Truck reported a net loss of $1 million for the quarter, it was an improvement from the $3.5 million loss it reported for the second quarter of 2012.
Investments / Public Companies / Transportation

Revenue Rises But Loss Widens for USA Truck

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. read more >
John Simone, CEO of USA Truck Inc. of Van Buren.
Investments / Public Companies / Transportation

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 >
John Simone, president and CEO of USA Truck Inc. of Van Buren.
Investments / Public Companies / Transportation

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 >