Transport Topics Online  
The Newspaper of Trucking and Freight Transportation
Welcome  Guest  Log In         
7/31/2014 8:40:00 AM Write a Letter to the Editor Write a letter to the Editor

USA Truck Reports First Profit in Three Years

TT File Photo

USA Truck Inc. reported its first quarter of positive income in three years on improved revenue, especially in its logistics business.

Net income increased to $700,000, or 7 cents per share, from a loss of $1.4 million, or 14 cents, a year ago.

The truckload carrier’s revenue rose 12.1% to $125 million. Trucking revenue, excluding fuel surcharge, increased 2.2% to $83.2 million.

Profitability improved 39.1% to $41.8 million in the logistics unit known as strategic capacity solutions and accounted for more than a third of consolidated base revenue.

“We are encouraged by the accomplishments made possible by the disciplined execution of our strategic plan.  Although the shortage of drivers and more restrictive hours-of-service rules continue to present challenges for our industry, the demand and pricing environment in the truckload marketplace is healthy, and we believe our 2014 goals of positive consolidated operating income and adjusted EPS are achievable,” President and CEO John Simone said in a statement.

USA Truck ranks No. 50 on the Transport Topics Top 100 list of the largest U.S. and Canadian for-hire carriers.

By Transport Topics

Follow Transport Topics on Subscribe to get up to the minute news briefs and more from our feeds. RSS Twitter Twitter Facebook Facebook

© 2014, Transport Topics, American Trucking Associations Inc.
Reproduction, redistribution, display or rebroadcast by any means without written permission is prohibited.



Follow Us


This free daily newsletter delivers the latest headlines.

TT Executive Suite
This subscriber-only newsletter program tailors your news.



© American Trucking Associations, Inc., All Rights Reserved Privacy Statement