USA Truck Reports Lower 2Q Earnings

Truckload carrier USA Truck reported its second-quarter profit fell 63% on lower freight demand, declining to $1.6 million or 15 cents a share, from $4.4 million or 38 cents a year ago.
 
The earnings beat Wall Street expectations, the Associated Press reported.

Revenue rose 2% to $124.4 million, the company said in a statement.

USA Truck is ranked No. 55 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.