8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):January 24, 2007

USA TRUCK, INC.

(Exact name of registrant as specified in its charter)

Delaware

(State or Other Jurisdiction of Incorporation)

0-19858	71-0556971
(Commission File Number)	(I.R.S. Employer Identification No.)

3200 Industrial Park Road
Van Buren, Arkansas	72956
(Address of Principal Executive Offices)	(Zip Code)

(479) 471-2500

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02 Results of Operations and Financial Condition

On January 25, 2007, the Registrant issued a news release announcing its revenues and earnings for the fourth quarter and fiscal year of 2006. A copy of the news release is furnished as an exhibit to this Form 8-K. This Item 2.02 and the attached exhibit are furnished to but not filed with the Securities and Exchange Commission.

Item 5.05 Amendments to the Registrant’s Code of Ethics, or Waiver of a Provision of the Code of Ethics

(a) On January 24, 2007, the Company’s Board of Directors adopted amendments to its Code of Business Conduct and Ethics policy. These amendments have updated the policy by changing the period (the “trading window”) in which management personnel, executive officers, directors and inside owners of at least ten percent of the Company’s outstanding stock may trade in USA Truck stock.

In accordance with the amendment, these individuals may now begin trading USA Truck common stock, assuming the absence of material nonpublic information, one and one-half (1.5) Trading Days (a Trading Day being defined as six and one-half (6.5) hours of Market Hours trading on the NASDAQ Stock Market) following the Company’s quarterly earnings release and must cease trading on the seventh (7^th) Trading Day of the third month of the quarter in which the earnings release was made. The trading window was previously defined as being open on the 3^rd business day following the quarterly release of earnings and closed on the 45^th calendar day following the Company’s quarterly earnings release.

A further amendment now requires insiders who are contemplating trading the Company’s common stock to pre-clear the trade(s) with a designated compliance person within the Company.

The Company’s Code of Business Conduct and Ethics policy, as amended, is available at the Company’s web site, http://www.usa-truck.com, under the “Corporate Governance” tab of the “Investor Relations” page.

The Code of Business Conduct and Ethics policy, as amended, is attached in its entirety as an Exhibit to this report.

Item 8.01 Other Events

On January 24, 2007, the Board of Directors of the Company approved an authorization for the repurchase of up to 2,000,000 shares of the Company’s Common Stock through January 24, 2010. Subject to applicable timing and other legal requirements, repurchases under the authorization may be made on the open market or in privately negotiated transactions on terms approved by the Company's Chairman of the Board or President. Repurchased shares may be retired or held in treasury for future use for appropriate corporate purposes, including issuance in connection with awards under the Company's employee benefit plans. The new authorization is in addition to the existing repurchase program that expires October 19, 2007 and has 264,000 shares remaining for repurchase.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

14.1 Code of Business Conduct and Ethics policy, as amended.

99.1  News release issued by the Registrant on January 25, 2007.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

		USA Truck, Inc.
		(Registrant)
Date:	January 26, 2007	/s/ Jerry D. Orler
		Jerry D. Orler
		President and Chief Executive Officer
Date:	January 26, 2007	/s/ Clifton R. Beckham
		Clifton R. Beckham
		Senior Vice President, Finance and Chief Financial Officer

INDEX TO EXHIBITS

Exhibit Number	Exhibit
14.1	Code of Business Conduct and Ethics policy, as amended
99.1	News release issued by the Registrant on January 25, 2007

EX-14

Code of Business Conduct and Ethics

1. PURPOSE

1.1 The Company believes that long-term, trusting business relationships are built by having each of its employees, officers and Board members being honest, open and fair in every action they take on behalf of the Company. In that regard, in order to guide such actions, the Company has adopted the USA Truck Code of Business Conduct and Ethics.

2. SCOPE

2.1 It shall be the policy of USA Truck to conduct its business operations in a manner that will uphold the highest professional standards.

2.2 The Company expects that those with whom it does business (including vendors and customers) will adhere to USA Truck’s Code of Business Conduct standards.

2.3 The fundamental principle that underlies the way the Company does business is good judgment. An understanding of the Company’s legal and ethical parameters enhances that judgment. USA Truck has a responsibility to pay constant attention to all legal boundaries and to comply with all applicable laws and regulations in its operations. The Company has the same obligation to the communities in which it does business and to the customers and vendors with whom it does business.

2.4 Misconduct cannot be excused because it was directed or requested by another individual. In this regard, employees are expected to alert the Internal Auditor or a member of management whenever an illegal, dishonest or unethical act is discovered or suspected. Employees will never be penalized for reporting their discoveries or suspicions in good faith (see the Company’s Open Door Policy and Policy Statement and Procedures for Reporting of Violations and Complaints for further details). Possible violations may also be reported directly to the Audit Committee of USA Truck’s Board of Directors at auditcommittee@usa-truck.com.

3. POLICY

3.1 Conflicts of Interest

3.1.1 Employees are expected to make or participate in business decisions and actions in the course of their employment with USA Truck based on the best interests of the Company as a whole, and not based on personal relationships or benefits. Conflicts of interest can compromise employees’ business ethics. Employees are expected to apply sound judgment to avoid conflicts of interest. At USA Truck, a conflict of interest is any activity that is inconsistent with or opposed to USA Truck’s interests, or gives the appearance of impropriety. Any activity or relationship from which any employee or Director derives an improper personal benefit as a result of his or her position with the Company is also a conflict of interest.

3.1.2 Employees and Directors should avoid any relationship that would cause them to have any other duties, responsibilities or obligations that run counter to their duties and responsibilities at USA Truck. Employees are expected to disclose to management any situations that may involve conflicts of interests affecting them personally or affecting other employees or those with whom we do business.

3.1.3 Members of USA Truck’s Board of Directors have a special responsibility because our Directors are prominent individuals with substantial other responsibilities. To avoid conflicts of interest, Directors are expected to disclose to their fellow Directors any personal interests they may have in a transaction upon which the Board passes and to recuse themselves from participation in any decision relating to a transaction involving themselves, their family members or an entity in which they have an interest, or from which they may otherwise derive any personal benefit.

3.1.4 Without limiting the foregoing, any leases, equipment purchase agreements or other contracts with officers, Directors, or affiliates of USA Truck (including but not limited to any transaction or relationship required to be disclosed in the company’s SEC filings) must be approved by the Board of Directors, based on a determination by a majority of the Directors, and a majority of the disinterested Directors, that the transaction is reasonable, in the best interests of USA Truck and on terms no less favorable than could be obtained from an unrelated third party. The determination made by the Board, and by a majority of the disinterested Directors, shall be based on a determination to the same effect, and a recommendation by, the Audit Committee. In addition, the Audit Committee shall review all such transactions and relationships on an ongoing basis, as contemplated by the Audit Committee Charter.

3.1.5 Set forth below is specific guidance for some areas of potential conflict of interest that require special attention. It is not possible to list all conflicts of interest. These are examples of the types of conflicts of interest that USA Truck, employees and Directors are expected to avoid. Ultimately, it’s the responsibility of each individual to avoid any situation that could appear to be a conflict of interest. Employees are urged to discuss any potential conflicts of interest with their manager or the Internal Auditor.

3.1.5.1 Interest in Other Businesses: USA Truck employees and Directors and members of their immediate families must avoid any direct or indirect financial relationship with other businesses that could cause divided loyalty.

3.1.5.2 Outside Directorships and Membership in Advisory Boards: USA Truck encourages its employees to be active in industry and civic associations, including membership in other companies’ Boards of Directors and Advisory Boards. However, management employees or employees in key positions who serve on outside boards of for-profit organizations are required, prior to acceptance, to obtain written approval from the Audit Committee.

USA Truck’s Audit Committee may at any time rescind prior approvals in order to avoid a conflict or appearance of a conflict of interest for any reason deemed to be in the best interests of the Company. In addition, USA Truck will periodically conduct an inquiry of employees to determine the status of their membership on outside boards

3.1.5.3 Investments in USA Truck’s vendors or customers: Employees should have no more than a modest investment, if any, in any of USA Truck’s major vendors or customers (see the Company’s Investments in Vendors and Customers Policy for further details). Any such investment must not involve the use of confidential “inside” or proprietary information, such as confidential

information that might have been learned about the other company on account of USA Truck’s relationship with the other company. Where an employee, either directly or through people in his/her chain of command, has responsibility to affect or implement USA Truck’s relationship with the other company, prior written approval of the Audit Committee is required; in such cases, however, approval is likely to be denied.

If an investment is made and/or approval is granted, and the employee subsequently finds him- or herself in a potentially conflicted position due to his or her job responsibilities or those of others in his or her chain of command, the USA Truck employee is expected to recuse him- or herself from any involvement in USA Truck’s relationship with that company. The employee should also promptly disclose the potential conflict in writing to his or her manager and the Internal Auditor, or if the employee is an officer of the Company, he or she should notify the Internal Auditor and the Chairman of the Audit Committee. Efforts will be made to resolve the situation equitably on a case-by-case basis, but always without violating the provisions of this Code. If the conflict is so fundamental as to undermine the employee’s ability to undertake an important job activity, divestiture is likely to be required.

3.1.5.4 Favors, gifts and entertainment: Other than modest gifts given or received in the normal course of business (including travel and entertainment), neither USA Truck employees nor members of their families may give or receive valuable gifts (including gifts of equipment, money, discounts or favored personal treatment) to or from any person associated with USA Truck’s existing or potential vendors or customers. In no event should an employee of USA Truck put the Company or him- or her- self in a position that would be embarrassing if the gift were made public (see the company’s Favors, Gifts and Entertainment Policy for further details).

3.3 BRIBES / KICKBACKS

Any employee who pays, offers or receives bribes or kickbacks will be immediately terminated and reported, as warranted, to the appropriate authorities. A kickback or bribe includes any item intended to improperly obtain favorable treatment, including but not limited to improper payments to government or regulatory officials.

3.4 LOANS

Employees and Directors may not request or accept loans from USA Truck. Likewise, USA Truck may not make loans available to its employees or Directors. “Loan” includes direct loans for any purpose (including but not limited to option exercises) and guarantees and similar credit support.

3.4 IMPROPER USE OR THEFT OF USA TRUCK PROPERTY

Every employee must safeguard USA Truck property from loss or theft, and may not take such property for personal use. USA Truck property includes confidential information, software, computers, office equipment and supplies. Employees must appropriately secure all USA Truck property within their control to prevent its unauthorized use. Using USA Truck computers or communications systems to access or distribute personal/”non-business related” information, data or graphics is strictly prohibited (see the company’s Corporate Communications Policy for further details).

3.5 COVERING UP MISTAKES; FALSIFYING RECORDS

Mistakes should never be covered up, but should be immediately and fully disclosed and corrected. Falsification of any USA Truck, client or third party record is prohibited.

3.6 ABUSE OF USA TRUCK, CUSTOMER OR VENDOR INFORMATION

Employees and Directors may not reveal USA Truck, customer or vendor confidential or proprietary information to others. This includes business methods, pricing and marketing data, strategy, computer code, screens, forms and information about USA Truck’s current, former and prospective customers, vendors and employees.

3.7 SALES: DEFAMATION AND MISREPRESENTATION

Aggressive selling should not include misstatements, innuendo or rumors about competitors or their products, services and financial condition. Unsupportable promises concerning USA Truck’s services by its own salespersons are prohibited.

3.8 SPECIAL ETHICS OBLIGATIONS FOR EMPLOYEES WITH FINANCIAL REPORTING RESPONSIBILITES

As a public Company, it is of critical importance that USA Truck’s filings with the Securities and Exchange Commission be accurate and timely. Depending on their position with USA Truck, employees may be called upon to provide information to assure that the Company’s public reports are complete, fair and understandable. USA Truck expects all of its personnel to take this responsibility very seriously and to provide prompt and accurate answers to inquiries related to the company’s public disclosure requirements.

The Chief Financial Officer and his/her staff bear a special responsibility for promoting integrity throughout the organization, with responsibilities to stockholders both inside and outside of USA Truck. The Chief Executive Officer, President, Chief Financial Officer and their staffs have special roles both to adhere to these principles themselves and also to ensure that a culture exists throughout the Company as a whole that ensures the fair and timely reporting of USA Truck’s financial results and condition.

Because of this special role, the Chief Executive Officer, President, Chief Financial Officer and their staffs, as well as any other USA Truck personnel who have responsibilities for the Company’s financial and public reporting, are bound by the following Financial Reporting Code of Ethics, and each agrees that he or she will:

3.8.1 Act with honesty and integrity, avoiding actual or apparent conflicts of interest in personal and professional relationships.

3.8.2 Provide information that is accurate, complete, objective, relevant, timely and understandable to ensure full, fair, accurate, timely and understandable disclosure in reports and documents that USA Truck files with, or submits to, government agencies and in other public communications.

3.8.3 Comply with rules and regulations of federal, state, provincial and local governments and other appropriate private and public regulatory agencies.

3.8.4 Act in good faith, responsibly, with due care, competence and diligence, without misrepresenting material facts or allowing one’s independent judgment to be subordinated.

3.8.5 Respect the confidentiality of information acquired in the course of one’s work except when authorized or otherwise legally obligated to disclose. Confidential information acquired in the course of one’s work will not be used for personal advantage.

3.8.6 Share knowledge and maintain skills important and relevant to stockholders’ needs.

3.8.7 Proactively promote and be an example of ethical behavior as a responsible partner among peers, in the work environment and the community.

3.8.8 Achieve responsible use of and control over all assets and resources employed or entrusted.

3.8.9 Promptly report to the Internal Auditor and/or the Audit Committee any conduct that the individual believes to be a violation of law or business ethics or of any provision of this

Code, including any transaction or relationship that reasonably could be expected to give rise to a conflict of interest.

If you believe that a violation of the Financial Reporting Code of Ethics has occurred, please contact USA Truck’s Audit Committee of the Board of Directors at auditcommittee@usa-truck.com.

It is against USA Truck company policy to retaliate against any employee for good faith reporting of violations of this Code (see the company’s Policy Statement and Procedures for Reporting of Violations and Complaints for further details).

3.9 INSIDER TRADING

If an employee has material, non-public information relating to USA Truck, it is USA Truck’s policy that neither the employee, nor any person related to the employee, may buy or sell securities of USA Truck or engage in any other action to take advantage of, or pass on to others, that information. This policy also applies to trading in the securities of any other company, including our customers or suppliers, if an employee has material, non-public information about that company which the employee obtained in the course of their employment by USA Truck.

Transactions that may be necessary or justifiable for independent reasons, including emergency expenditures and transactions planned before the employee learned the material information are also disallowed. Even the appearance of an improper transaction must be avoided to prevent any potential risk to USA Truck or the individual trader. Willful violations of insider trading laws will result in immediate termination of employment and may be punishable by fines and/or imprisonment.

Besides the obligation to refrain from trading while in possession of material, non-public information, employees are also prohibited from “tipping” others. The concept of unlawful tipping includes passing on information to friends or family members under circumstances that suggest that an employee was trying to help them make a profit or avoid a loss. Besides being considered a form of insider trading, of course, tipping is also a serious breach of corporate confidentiality. For this reason, employees should be careful to avoid discussing sensitive information in any place (for instance, at lunch, on public transportation, in elevators) where others may hear such information.

USA Truck has an “open-window” period in which management personnel, executive officers, directors and inside owners of at least ten percent of the Company’s outstanding stock may trade in USA Truck stock. These individuals may begin trading USA Truck stock one and one-half (1.5) Trading Days (a Trading Day being defined as six and one-half (6.5) hours of Market Hours trading on the NASDAQ Stock Market) following the Company’s quarterly earnings release (the trading “window” opens) and must cease trading on the seventh (7^th) Trading Day of the third month of the quarter in which the earnings release was made (the window closes). However, these individuals may purchase USA Truck stock during “closed window” periods through the Company’s employee stock purchase plan. Should any of these employees learn of a material, non-public event affecting the Company during an “open window” period, the trading window closes for them immediately. In addition to these rules, directors, officers and inside owners of at least ten percent of the company’s outstanding stock are prohibited from both purchasing and selling USA Truck stock within a six month period (except for purchases under the Company’s employee stock purchase plan and exercises of in-the-money employee and non-employee director stock options and awards). All other employees should default to these trading rules if they are unsure of their insider status. Insiders who are contemplating trading the Company’s Common Stock are required to “pre-clear” said trade(s) with the Financial Analyst of USA Truck, who is also available to answer questions about this Policy (see the company’s Corporate Communications Policy for further details).

3.10 POLITICAL CONTRIBUTIONS

No USA Truck assets--including employees’ work time, use of USA Truck premises, use of USA Truck equipment or direct monetary payments--may be contributed to any political candidate, political actions committees, party or ballot measure without the permission of the Chief Executive Officer and President. Of course, USA Truck employees may participate in any political activities of their choice on an individual basis, with their own money and on their own time.

3.11 WAIVERS

The Code of Business Conduct and Ethics applies to all USA Truck employees and its Board of Directors. There shall be no waiver of any part of the Code, except by a vote of the Audit Committee (except that a majority vote of the full Board, and of all disinterested Directors, is required to approve any waiver involving an executive officer or Director). The Board or the Audit Committee, as applicable, will ascertain whether a waiver is appropriate and ensure that the waiver is accompanied by appropriate controls designed to protect USA Truck.

3.12 REPORTING ETHICAL VIOLATIONS

If an employee is powerless to stop a suspected violation of this Code or discovers it after it has occurred, the employee should report it to the Internal Auditor or a member of management. The USA Truck Policy Statement and Procedures for Reporting of Violations and Complaints also describes a process that has been established for reporting violations of this Code.

If the employee is still concerned after speaking with the Internal Auditor or member of management or feels uncomfortable speaking with them (for whatever reason), the employee may anonymously report violations relating to questionable accounting or auditing matters under special procedures established in the Policy Statement and Procedures for Reporting of Violations and Complaints, including a confidential “hotline”. Employees acting in good faith have USA Truck’s commitment that they will be protected from retaliation (see the company’s Open Door Policy and Policy Statement and Procedures for Reporting of Violations and Complaints for further details).

3.13 PROCEDURES FOR DETERMINING VIOLATIONS

If a violation or suspected violation of this Code is reported to any member of management, he or she will promptly report it to the Internal Auditor. The Internal Auditor will use his or her reasonable best efforts to gather as much information as possible about any reported violation, including by conducting an interview with the reporting person (if the report has not been made anonymously) and other persons who may have knowledge of the violation. The Internal Auditor has the authority to make the initial determination of whether a violation of this Code has occurred (except for violations of the Financial Reporting Code of Ethics, or any violation of this Code by a Director, for which the Audit Committee shall have sole authority for making such determination). If an employee disagrees with the determination made by the Internal Auditor, the employee has the right to appeal the determination to the Board of Directors by giving written notice to the Internal Auditor, who will promptly refer the question to the Board. The Board of Directors may delegate authority for reviewing determinations by the Internal Auditor to the Audit Committee or to any other committee of the Board established for the purpose of conducting such reviews. Any determination by the Board of Directors or any Committee of the Board will be final and binding on all parties.

3.14 PENALTIES FOR VIOLATIONS

Violations of this Code, including failures to report potential violations by others, will be viewed as a severe disciplinary matter that may result in personnel action, including termination of employment. In addition, illegal acts by employees or Directors will be

promptly reported to the appropriate legal authorities. The Internal Auditor will have the authority to take all permitted disciplinary actions under this Code, including the termination of employment of any employee who has violated this Code, unless the employee is an elected officer of the company, in which case the Internal Auditor will refer the matter to the Board of Directors for disciplinary action. The Board of Directors will also address violations by Directors, and the Director accused of a violation will recuse himself or herself and not participate in any decision made in connection therewith.

4. DEFINITIONS/NOTES

•

•

5. RESPONSIBILITY AND AUTHORITY

• The Directly Responsible Party for this Policy is the Internal Auditor of USA Truck.

• The Ultimate Responsible Party for this Policy is the CFO of USA Truck.

•

6. RELATED DOCUMENTATION

•

•

7. RECORDS

•

•

EX-99

FOR IMMEDIATE RELEASE

VAN BUREN, ARKANSAS JANUARY 25, 2007

USA Truck, Inc. (NASDAQ: USAK) today announced quarterly base revenue of $92.2 million for the quarter ended December 31, 2006, a decrease of 5.1% from $97.1 million for the same quarter of 2005. Net income decreased 71.5% from $4.3 million for the quarter ended December 31, 2005, to $1.2 million for the same quarter of 2006. Diluted earnings per share decreased 70.3% from $0.37 for the quarter ended December 31, 2005, to $0.11 for the same quarter of 2006.

Base revenue increased 2.3% from $376.6 million for the year ended December 31, 2005 to $385.3 million for the year 2006. Net income decreased 20.1% from $15.6 million for the year ended December 31, 2005 to $12.4 million for the year 2006. Diluted earnings per share decreased 28.5% from $1.51 for the year ended December 31, 2005 to $1.08 for the year 2006, which was within the range of our guidance of $1.08 to $1.12.

In comparing the financial results of the quarter and year ended December 31, 2006 to the comparable periods of 2005, Jerry D. Orler, President and CEO of the Company, made the following statement:

“We experienced declining demand for truckload freight services throughout the quarter consistent with the declining truck tonnage reported by the American Trucking Associations. This was the most difficult operating environment that we have seen in several years due to the deteriorating demand and the absence of the normal peak shipping season.

“We also experienced more pricing competition as the quarter unfolded, which created an increasingly challenging environment to generate the necessary revenue volume. The economic conditions were compounded by the fact that we held firm on our pricing until late in the third quarter, which resulted in pricing during the fourth quarter that was not competitive enough for the conditions in the market. That point is evidenced by the increase in our base Trucking revenue per loaded mile of 3.0% and a corresponding 3.5 percentage point increase in the empty mile factor. We are currently adjusting our marketing strategy accordingly.

“Freight demand was also off significantly for the full year. The lack of freight demand resulted in an increase in unmanned tractors and a decline in our miles per tractor per week for both the fourth quarter and full year. A surge in driver turnover between May and October also contributed to the increase in our unmanned tractor count, which climbed to 7.3% during the fourth quarter, well above our goal of 3.0%.

“Although a majority of our margin erosion was due to the shortfall in revenue volume, we also experienced some adverse trends on the expense side. We saw year-over-year increases in driver pay per mile (+7.4%) and fuel cost per gallon net of fuel surcharge recoveries (+5.7 %).

“Our management team is developing a number of tactics to address issues leading to volatility and variability in our business model. While those efforts will not likely yield meaningful results until freight demand improves, we are seeing some encouraging signs of success already. Our driver turnover improved by more than 35 percentage points in November and December and the utilization of our manned tractors improved 2.3% over that same time period. Those results have carried over into January. Based on current freight availability, we are also addressing pressures on our utilization rate by adjusting our equipment replacement schedule to reduce the size of our fleet by 50 tractors during January and will not add tractors until both freight demand and driver availability dictate.

“As we reported in our third quarter 2006 earnings release, we intended to and did analyze strategic alternatives throughout the fourth quarter. While the economic data is mixed, we believe that several difficult quarters lie ahead. However, we proceed into this economic slowdown with an experienced management team and a strong balance sheet. Management is also working with our Board of Directors to refine our list of strategies to bolster shareholder returns and reduce our earnings volatility.”

The Company also announced the Board of Directors approved an authorization for the repurchase of up to 2,000,000 shares of the Company’s Common Stock through January 24, 2010. The Board believes that the stock has been undervalued in recent periods relative to the performance and future prospects of the Company. The new authorization is in addition to the existing repurchase program that expires October 19, 2007 and has 264,000 shares remaining for repurchase.

USA Truck, Inc.January 25, 2007

The following table summarizes the earnings information of USA Truck and sets forth the percentage relationship of certain items to base revenue for the three-month periods indicated:

(in thousands, except percentage data (1) and per share amounts)
	Three Months Ended December 31,
	2006				2005
Revenue:
Trucking revenue (2)	$	89,997			$	92,736
USA Logistics revenue (3)		2,196				4,368
Base revenue		92,193	100.0	%		97,104	100.0	%
Fuel surcharge revenue		17,474				20,988
Total revenue		109,667				118,092
Operating expenses and costs:
Salaries, wages and employee benefits		38,206	41.4			37,205	38.3
Fuel and fuel taxes (4)		31,877	15.6			34,687	14.1
Depreciation and amortization		12,127	13.2			11,101	11.4
Insurance and claims		7,121	7.7			7,955	8.2
Operations and maintenance		5,623	6.1			5,370	5.5
Purchased transportation		3,581	3.9			5,658	5.8
Operating taxes and licenses		1,710	1.9			1,611	1.7
Communications and utilities		839	0.9			850	0.9
Gain on disposal of property and equipment, net		(44)	--			(244)	(0.2)
Other		6,119	6.6			5,251	5.4
Total operating expenses		107,159	97.3			109,444	91.1
Operating income		2,508	2.7			8,648	8.9
Other expenses (income):
Interest expense		1,099	1.1			901	0.9
Other, net		(42)	--			(42)	--
Total other expenses, net		1,057	1.1			859	0.9
Income before income taxes		1,451	1.6			7,789	8.0
Income tax expense		232	0.3			3,511	3.6
Net income	$	1,219	1.3	%	$	4,278	4.4	%
Per share information:
Average shares outstanding (Basic)		11,293				11,313
Basic earnings per share	$	0.11			$	0.38
Average shares outstanding (Diluted)		11,456				11,603
Diluted earnings per share	$	0.11			$	0.37

The following tables include key operating statistics for the three-month periods indicated:

Trucking Operations

	Three Months Ended December 31, 2006
	General Freight			Regional Freight			Dedicated Freight			Total Trucking
Total miles (in thousands) (5)	56,490			6,971			6,406			69,867
Empty mile factor (6)	12.8		%	15.9		%	3.2		%	12.2		%
Base revenue per loaded mile	$	1.47		$	1.58		$	1.38		$	1.47
Average number of tractors (7)	2,025			287			255			2,567
Average miles per tractor per period	27,897			24,288			25,121			27,217
Average miles per tractor per week	2,287			1,991			2,059			2,231
Average miles per trip (8)	938			519			520			810
Average unmanned tractor percentage (9)	7.4		%	5.3		%	9.0		%	7.3		%
Base revenue per truck per week	$	2,922		$	2,640		$	2,755		$	2,874

Page 2 of 6

USA Truck, Inc.January 25, 2007

	Three Months Ended December 31, 2005
	General Freight			Regional Freight			Dedicated Freight			Total Trucking
Total miles (in thousands) (5)	59,292			4,524			7,459			71,275
Empty mile factor (6)	9.0		%	13.8		%	3.1		%	8.7		%
Base revenue per loaded mile	$	1.43		$	1.55		$	1.30		$	1.43
Average number of tractors (7)	1,973			183			254			2,410
Average miles per tractor per period	30,036			24,720			29,367			29,575
Average miles per tractor per week	2,462			2,026			2,407			2,424
Average miles per trip (8)	960			524			562			851
Average unmanned tractor percentage (9)	3.3		%	6.0		%	7.1		%	3.9		%
Base revenue per truck per week	$	3,211		$	2,706		$	3,024		$	3,154

(1) Percentages are presented in relationship to base revenue.

(2) Trucking revenue includes base revenue generated from services using Company-owned or owner-operator tractors. Specifically, it includes base revenue from our General Freight, Regional Freight and Dedicated Freight divisions.

(3) USA Logistics revenue includes base revenue generated from non-asset based services. Specifically, it includes base revenue from our Freight Brokerage and Third Party Logistics divisions.

(4) Fuel and fuel taxes as a percentage of base revenue is calculated by subtracting fuel surcharge revenue from fuel and fuel taxes expense and dividing that amount by base revenue.

(5) Total miles include both loaded and empty miles.

(6) The empty mile factor is the number of miles traveled for which we are not typically compensated by any customer as a percentage of total miles traveled.

(7) Average number of tractors includes Company-operated tractors plus owner-operator tractors.

(8) Average miles per trip is based upon loaded miles divided by the number of Trucking shipments.

(9) Average unmanned tractor percentage is the weighted average percentage of Company-operated tractors to which a driver is not assigned.

Page 3 of 6

USA Truck, Inc.January 25, 2007

The following table summarizes the earnings information of USA Truck and sets forth the percentage relationship of certain items to base revenue for the years indicated:

(in thousands, except percentage data (1) and per share amounts)
	Fiscal Year Ended December 31,
	2006				2005
Revenue:
Trucking revenue (2)	$	370,780			$	358,522
USA Logistics revenue (3)		14,521				18,107
Base revenue		385,301	100.0	%		376,629	100.0	%
Fuel surcharge revenue		80,317				63,074
Total revenue		465,618				439,703
Operating expenses and costs:
Salaries, wages and employee benefits		152,998	39.7			143,164	38.0
Fuel and fuel taxes (4)		138,629	15.1			121,026	15.4
Depreciation and amortization		46,739	12.1			41,890	11.1
Insurance and claims		27,006	7.0			26,172	6.9
Operations and maintenance		21,919	5.6			21,178	5.6
Purchased transportation		19,815	5.2			24,710	6.6
Operating taxes and licenses		6,610	1.7			6,224	1.7
Communications and utilities		3,362	0.9			3,220	0.9
Gain on disposal of property and equipment, net		(541)	(0.1)			(1,144)	(0.3)
Other		22,677	5.9			19,766	5.2
Total operating expenses		439,214	93.1			406,206	91.1
Operating income		26,404	6.9			33,497	8.9
Other expenses (income):
Interest expense		4,192	1.1			4,829	1.3
Other, net		(134)	--			(19)	--
Total other expenses, net		4,058	1.1			4,810	1.3
Income before income taxes		22,346	5.8			28,687	7.6
Income tax expense		9,905	2.6			13,119	3.5
Net income	$	12,441	3.2	%	$	15,568	4.1	%
Per share information:
Average shares outstanding (Basic)		11,353				10,034
Basic earnings per share	$	1.10			$	1.55
Average shares outstanding (Diluted)		11,561				10,328
Diluted earnings per share	$	1.08			$	1.51

The following tables include key operating statistics for the years indicated:

Trucking Operations

	Fiscal Year Ended December 31, 2006
	General Freight			Regional Freight			Dedicated Freight			Total Trucking
Total miles (in thousands) (5)	237,160			23,578			25,579			286,317
Empty mile factor (6)	10.7		%	13.8		%	3.7		%	10.3		%
Base revenue per loaded mile	$	1.44		$	1.55		$	1.37		$	1.44
Average number of tractors (7)	2,046			230			236			2,512
Average miles per tractor per period	115,914			102,513			108,385			113,980
Average miles per tractor per week	2,309			2,042			2,159			2,271
Average miles per trip (8)	941			537			562			837
Average unmanned tractor percentage (9)	4.7		%	6.1		%	9.4		%	5.3		%
Base revenue per truck per week	$	2,976		$	2,727		$	2,843		$	2,940

Page 4 of 6

USA Truck, Inc.January 25, 2007

	Fiscal Year Ended December 31, 2005
	General Freight			Regional Freight			Dedicated Freight			Total Trucking
Total miles (in thousands) (5)	234,726			15,935			33,260			283,921
Empty mile factor (6)	9.2		%	13.6		%	3.2		%	8.7		%
Base revenue per loaded mile	$	1.40		$	1.49		$	1.24		$	1.38
Average number of tractors (7)	1,896			170			276			2,342
Average miles per tractor per period	123,801			93,734			120,508			121,230
Average miles per tractor per week	2,466			1,867			2,401			2,415
Average miles per trip (8)	942			518			567			837
Average unmanned tractor percentage (9)	3.1		%	8.2		%	6.6		%	3.9		%
Base revenue per truck per week	$	3,132		$	2,401		$	2,882		$	3,049

(1) Percentages are presented in relationship to base revenue.

(2) Trucking revenue includes base revenue generated from services using Company-owned or owner-operator tractors. Specifically, it includes base revenue from our General Freight, Regional Freight and Dedicated Freight divisions.

(3) USA Logistics revenue includes base revenue generated from non-asset based services. Specifically, it includes base revenue from our Freight Brokerage and Third Party Logistics divisions.

(4) Fuel and fuel taxes as a percentage of base revenue is calculated by subtracting fuel surcharge revenue from fuel and fuel taxes expense and dividing that amount by base revenue.

(5) Total miles include both loaded and empty miles.

(6) The empty mile factor is the number of miles traveled for which we are not typically compensated by any customer as a percentage of total miles traveled.

(7) Average number of tractors includes Company-operated tractors plus owner-operator tractors.

(8) Average miles per trip is based upon loaded miles divided by the number of Trucking shipments.

(9) Average unmanned tractor percentage is the weighted average percentage of Company-operated tractors to which a driver is not assigned.

Selected Balance Sheet Data:
		(in thousands, except percentage data)
			December 31,			December 31,
			2006			2005
Total assets	$		339,494		$	308,079
Total equity			159,558			149,833
Total debt, including current maturities			95,406			89,232
Debt to capitalization ratio			37.4	%		37.3	%

This press release contains forward-looking statements and information that are based on our current beliefs and expectations and assumptions we have made based upon information currently available. Forward-looking statements include statements relating to our plans, strategies, objectives, expectations, intentions and adequacy of resources, and may be identified by words such as “could,” “should,” “may,” “believe,” “expect,” “intend,” “plan,” “schedule,” “estimate,” “project” and similar expressions. These statements are based on current expectations and are subject to uncertainty and change. Although we believe that the expectations reflected in such forward-looking statements are reasonable, we cannot assure you that such expectations will be realized. If one or more of the risks or uncertainties underlying such expectations materialize, or if underlying assumptions prove incorrect, actual results may vary materially from those expected. Among other things, we cannot assure you that we will be able to continue the recent positive trends identified in this press release such as improvements in our driver turnover or equipment utilization. Among the key factors that are not within our control and that have a direct bearing on operating results are increases in fuel prices, adverse weather conditions, increased regulatory burdens and the impact of increased rate competition. Our results have also been, and will continue to be, significantly affected by fluctuations in general economic conditions, as our tractor utilization is directly related to business levels of customers in a variety of industries. In addition, shortages of qualified drivers and intense or increased competition for drivers have adversely impacted our operating results and our ability to grow and will continue to do so. Results for any specific period could also be affected by various unforeseen events, such as unusual levels of equipment failure or vehicle accident claims. Additional risks associated with our operations are discussed in our SEC filings, including our Annual Report on Form 10-K and our quarterly reports on Form 10-Q.

Page 5 of 6

USA Truck, Inc.January 25, 2007

All forward-looking statements attributable to us, or persons acting on our behalf, are expressly qualified in their entirety by this cautionary statement.

We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. In light of these risks and uncertainties, the forward-looking events and circumstances discussed in this press release might not occur.

References to “USA Truck,” the “Company,” “we,” “us,” “our” and words of similar import refer to USA Truck, Inc. and its subsidiary.

USA Truck is a dry van truckload carrier transporting general commodities via our General, Regional and Dedicated Freight divisions. We transport commodities throughout the continental United States and into and out of portions of Canada. We also transport general commodities into and out of Mexico by allowing through-trailer service from our terminal in Laredo, Texas. Our Third Party Logistics and Freight Brokerage divisions provide customized transportation solutions through multiple modes of transportation including our assets and technology, as well as the assets of our partner carriers.

This press release and related information will be available to interested parties at our web site, http://www.usa-truck.com under the “Financial Data” tab of the “Investor Relations” page.

-- --

Contact: CLIFF BECKHAM, Chief Financial Officer - (479) 471-2633

Page 6 of 6