Knight Transportation Inc.
PAM Names Joe Vitiritto As New CEO
PAM Transport Inc. of Tontitown named Joe Vitiritto as the company’s new president and CEO, effective Aug. 18. read more >
USA Truck Chairman Robert Peiser Steps Down
Chairman Robert A. Peiser of USA Truck Inc. of Van Buren resigned from the company's board of directors, the company announced in a filing with the U.S. Securities & Exchange Commission. read more >
by Marty Cook -
USA Truck Names Justin Kreimer Trucking VP
USA Truck Inc. of Van Buren hired Justin Kreimer to be the company's vice president in charge of trucking operations. read more >
Knight Transportation Unloads More USA Truck Shares
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. read more >
by Marty Cook -
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 >
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 -