-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, CyrBTUN/QXzWpEGc8Xzfsto3sRqOzLmiNhcE/gy+WospPs5BJfry6jYygBInY87c JdhUZKTgNeMPp0N0JPcQPg== 0000883945-07-000084.txt : 20070719 0000883945-07-000084.hdr.sgml : 20070719 20070719162833 ACCESSION NUMBER: 0000883945-07-000084 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20070630 ITEM INFORMATION: Results of Operations and Financial Condition FILED AS OF DATE: 20070719 DATE AS OF CHANGE: 20070719 FILER: COMPANY DATA: COMPANY CONFORMED NAME: USA TRUCK INC CENTRAL INDEX KEY: 0000883945 STANDARD INDUSTRIAL CLASSIFICATION: TRUCKING (NO LOCAL) [4213] IRS NUMBER: 710556971 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-19858 FILM NUMBER: 07989447 BUSINESS ADDRESS: STREET 1: 3200 INDUSTRIAL PARK ROAD CITY: VAN BUREN STATE: AR ZIP: 72956 BUSINESS PHONE: 479-471-2500 MAIL ADDRESS: STREET 1: 3200 INDUSTRIAL PARK ROAD CITY: VAN BUREN STATE: AR ZIP: 72956 8-K 1 form_8k-20070719.htm

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):          July 19, 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 July 19, 2007, the Registrant issued a news release announcing its revenues and earnings for the second quarter of 2007. 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 9.01 Financial Statements and Exhibits

(d) Exhibits

99.1  News release issued by the Registrant on July 19, 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:

July 19, 2007

 

/s/ Jerry D. Orler

 

 

 

Jerry D. Orler

 

 

 

President and Chief Executive Officer

 

 

 

 

Date:

July 19, 2007

 

/s/ Clifton R. Beckham

 

 

 

Clifton R. Beckham

 

 

 

Senior Vice President, Finance and Chief Financial Officer

 

 

 

 

 

 

INDEX TO EXHIBITS

 

Exhibit

Number

 

Exhibit

 

99.1

News release issued by the Registrant on July 19, 2007

 

 

 

EX-99 2 pressrelease_07192007.htm

FOR IMMEDIATE RELEASE

VAN BUREN, ARKANSAS July 19, 2007

USA Truck, Inc. (NASDAQ: USAK) today announced base revenue of $101.7 million for the second quarter ended June 30, 2007, an increase of 2.1% from $99.6 million for the same quarter of 2006. Net income decreased 62.8% from $4.4 million for the quarter ended June 30, 2006 to $1.6 million for the same quarter of 2007. Diluted earnings per share decreased 60.5% from $0.38 for the quarter ended June 30, 2006 to $0.15 for the same quarter of 2007.

Base revenue decreased 0.1% from $196.4 million for the six months ended June 30, 2006 to $196.2 million for the same period of 2007. Net income decreased 78.2% from $7.8 million for the six months ended June 30, 2006 to $1.7 million for the same period of 2007. Diluted earnings per share decreased 76.1% from $0.67 for the six months ended June 30, 2006 to $0.16 for the same period of 2007.

In comparing the financial results of the three months ended June 30, 2007 to the comparable period of 2006, Jerry D. Orler, President and CEO of the Company, made the following statement:

“Freight demand for the quarter was certainly softer than a year ago, but freight volumes remained relatively consistent during May and June.

“We grew our base revenue by 2.1%:

 

Trucking base revenue grew 4.4% as our tractor count grew 2.8% and base revenue per tractor per week (revenue yield) improved by 1.6%, bolstered by increases in revenue per loaded mile and miles per tractor. Empty miles remained a challenge during the quarter, which is reflective of the continuing soft freight environment.

 

Regional Freight led our Trucking divisions with a 44.5% growth rate in base revenue. However, Dedicated Freight and General Freight both showed year-over-year improvements in revenue yield, while Regional Freight’s revenue yield declined. We will slow the growth in Regional Freight for the remainder of the year until its revenue yield is more in line with the other Trucking divisions.

 

Over the past few quarters, our strategy to slow fleet growth and concentrate on revenue yield was successful. The average tractor count grew by only 1.0% sequentially from the first quarter, half of which was attributable to growth in our owner-operator program. Revenue yield increased sequentially from the first quarter of 2007 (7.7%) as we made improvements in Trucking revenue per loaded mile (0.3%), miles per tractor per week (5.3%) and the empty mile factor (1.7 percentage points).

 

Due to our strategic pull-back from the large-scale third party logistics market last year, USA Logistics base revenue declined 43.5%. However, our ongoing efforts to build our Freight Brokerage business have been successful as reflected in the 32.0% sequential increase in USA Logistics base revenue when compared to the first quarter of this year.

“We are pleased with the continued improvements in our operating performance. However, there is still much to be accomplished on the expense side of the business. In particular, two areas of costs hindered earnings during the quarter:

 

Labor costs grew 8.5% as we increased driver pay in 2006 in response to a challenging driver hiring market and abnormally high driver turnover. The driver hiring market has improved slightly since the fourth quarter of 2006 and remains difficult, but it is more manageable than during the past several years. Additionally, last fall we implemented several internal initiatives focused on reducing driver turnover. Those initiatives have yielded dramatic improvements as turnover has dropped by more than 40 percentage points. The combination of a better market for hiring drivers and our reduced driver turnover helped us reduce driver recruiting costs by one-third. We believe that our driver pay package is among the industry’s best.

 

Insurance and claims costs remain unusually high due to an elevated frequency of accidents. In response, we recently restructured our safety department and implemented a comprehensive, data-driven plan focused on more proactive training measures for those segments of our driver population that need it the most. This new plan will take our safety program to a new level of sophistication. We are optimistic that the plan will reduce accident frequencies, and we are anxious to fully implement it as 2007 progresses.

“Our management team and our Board of Directors re-examined our business strategy during the fourth quarter of 2006. We reviewed a number of strategic alternatives to improve our performance and to address the disparity between the valuation of our stock relative to our peer groups’. As we previously disclosed, we emerged from that

 

 

 

review with six long-term strategic objectives rooted in earning our cost of capital and improving the consistency of our operating performance.

“While the strategic objectives are long-term in nature, the shift in our fundamental strategy has already been evident in several notable factors:

 

We have repurchased approximately 1,038,000 shares of our own Common Stock since October 2006, which represents about 9.0% of the September 30, 2006 outstanding share count. The buyback program has proven to be the best use of the considerable free cash flow that we generated over the past few quarters, and it has reduced our average cost of capital significantly.

 

As mentioned above, we virtually stopped our tractor growth since the beginning of 2007 and increased our revenue yield per tractor over the past few quarters.

 

We have grown our less capital-intensive businesses such as freight brokerage and our owner-operator program.

 

Our operating margins are down versus last year, but we are pleased with the general direction of the business as the sequential improvements reflect. We have a large-scale internal effort in place to address all aspects of our operating performance that have declined. We have also effected changes to our upper management approach to keep our team more closely in tune with market conditions and to developing changes within our cost structure, both of which we believe will help to improve the consistency of our operating performance.

“Freight conditions remain challenging and there are no clear catalysts on the horizon to materially change those conditions positively or negatively. Thus, for the balance of 2007, we will continue to manage our capital deployment prudently, and we will continue to work on our current business model, develop plans for long-term revenue growth and take positive steps toward achieving all of our long-term strategic objectives.”

 

 

 

 

The following table summarizes the earnings information of USA Truck, Inc. (“Company”) 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 June 30,

 

2007

 

2006

Revenue:

 

 

 

 

 

 

 

 

 

 

 

 

Trucking revenue (2)

$

99,000

 

 

 

 

$

94,837

 

 

 

 

USA Logistics revenue (3)

 

2,687

 

 

 

 

 

4,758

 

 

 

 

Base revenue

 

101,687

 

100.0

%

 

 

99,595

 

100.0

%

 

Fuel surcharge revenue

 

22,702

 

 

 

 

 

22,346

 

 

 

 

Total revenue

 

124,389

 

 

 

 

 

121,941

 

 

 

 

Operating expenses and costs:

 

 

 

 

 

 

 

 

 

 

 

 

Salaries, wages and employee benefits

 

41,570

 

40.9

 

 

 

38,305

 

38.5

 

 

Fuel and fuel taxes (4)

 

37,997

 

15.0

 

 

 

37,043

 

14.8

 

 

Depreciation and amortization

 

12,218

 

12.0

 

 

 

11,597

 

11.6

 

 

Insurance and claims

 

8,880

 

8.7

 

 

 

6,251

 

6.3

 

 

Operations and maintenance

 

6,676

 

6.5

 

 

 

5,492

 

5.5

 

 

Purchased transportation

 

4,856

 

4.8

 

 

 

6,132

 

6.2

 

 

Operating taxes and licenses

 

1,626

 

1.6

 

 

 

1,677

 

1.7

 

 

Communications and utilities

 

939

 

0.9

 

 

 

832

 

0.8

 

 

Loss (gain) on disposal of property and equipment, net

 

57

 

0.1

 

 

 

(313)

 

(0.3)

 

 

Other

 

4,736

 

4.7

 

 

 

5,729

 

5.7

 

 

Total operating expenses

 

119,555

 

95.2

 

 

 

112,745

 

90.8

 

 

Operating income

 

4,834

 

4.8

 

 

 

9,196

 

9.2

 

 

Other expenses (income):

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

1,450

 

1.4

 

 

 

1,099

 

1.1

 

 

Other, net

 

(22)

 

--

 

 

 

(1)

 

--

 

 

Total other expenses, net

 

1,428

 

1.4

 

 

 

1,098

 

1.1

 

 

Income before income taxes

 

3,406

 

3.4

 

 

 

8,098

 

8.1

 

 

Income tax expense

 

1,786

 

1.8

 

 

 

3,739

 

3.7

 

 

Net income

$

1,620

 

1.6

%

 

$

4,359

 

4.4

%

 

Per share information:

 

 

 

 

 

 

 

 

 

 

 

 

Average shares outstanding (Basic)

 

10,671

 

 

 

 

 

11,382

 

 

 

 

Basic earnings per share

$

0.15

 

 

 

 

$

0.38

 

 

 

 

Average shares outstanding (Diluted)

 

10,780

 

 

 

 

 

11,583

 

 

 

 

Diluted earnings per share

$

0.15

 

 

 

 

$

0.38

 

 

 

 

 

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

Trucking Operations

 

Three Months Ended June 30, 2007

 

 

General Freight

 

Regional Freight

 

Dedicated

Freight

 

Total Trucking

Total miles (in thousands) (5)

62,691

 

8,285

 

6,024

 

77,000

 

Empty mile factor (6)

10.5

%

 

15.3

%

 

2.8

%

 

10.4

%

Base Trucking revenue per loaded mile

$

1.43

 

$

1.56

 

$

1.35

 

$

1.44

 

Average number of tractors (7)

2,062

 

322

 

200

 

2,584

 

Average miles per tractor per period

30,403

 

25,732

 

30,119

 

29,799

 

Average miles per tractor per week

2,413

 

2,042

 

2,390

 

2,365

 

Average miles per trip (8)

914

 

490

 

488

 

787

 

Average unmanned tractor percentage (9)

3.0

%

 

5.1

%

 

3.5

%

 

3.3

%

Base Trucking revenue per truck per week

$

3,086

 

$

2,693

 

$

3,137

 

$

3,041

 

 

 

 

 

 

 

Three Months Ended June 30, 2006

 

 

General Freight

 

Regional

Freight

 

Dedicated

Freight

 

Total Trucking

Total miles (in thousands) (5)

61,957

 

5,667

 

5,824

 

73,448

 

Empty mile factor (6)

10.1

%

 

13.0

%

 

4.3

%

 

9.9

%

Base Trucking revenue per loaded mile

$

1.43

 

$

1.53

 

$

1.37

 

$

1.43

 

Average number of tractors (7)

2,088

 

219

 

207

 

2,514

 

Average miles per tractor per period

29,673

 

25,877

 

28,131

 

29,215

 

Average miles per tractor per week

2,355

 

2,054

 

2,233

 

2,319

 

Average miles per trip (8)

932

 

542

 

585

 

845

 

Average unmanned tractor percentage (9)

2.8

%

 

7.3

%

 

12.2

%

 

4.0

%

Base Trucking revenue per truck per week

$

3,027

 

$

2,739

 

$

2,927

 

$

2,994

 

 

 

(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.

 

 

 

 

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

(in thousands, except percentage data (1) and per share amounts)

 

Six Months Ended June 30,

 

2007

 

2006

Revenue:

 

 

 

 

 

 

 

 

 

 

 

 

Trucking revenue (2)

$

191,438

 

 

 

 

$

186,224

 

 

 

 

USA Logistics revenue (3)

 

4,722

 

 

 

 

 

10,187

 

 

 

 

Base revenue

 

196,160

 

100.0

%

 

 

196,411

 

100.0

%

 

Fuel surcharge revenue

 

40,680

 

 

 

 

 

39,738

 

 

 

 

Total revenue

 

236,840

 

 

 

 

 

236,149

 

 

 

 

Operating expenses and costs:

 

 

 

 

 

 

 

 

 

 

 

 

Salaries, wages and employee benefits

 

82,321

 

42.0

 

 

 

75,988

 

38.7

 

 

Fuel and fuel taxes (4)

 

71,247

 

15.6

 

 

 

69,303

 

15.1

 

 

Depreciation and amortization

 

24,108

 

12.3

 

 

 

22,813

 

11.6

 

 

Insurance and claims

 

16,207

 

8.3

 

 

 

12,619

 

6.4

 

 

Operations and maintenance

 

12,548

 

6.4

 

 

 

10,807

 

5.5

 

 

Purchased transportation

 

8,625

 

4.4

 

 

 

12,788

 

6.5

 

 

Operating taxes and licenses

 

3,246

 

1.6

 

 

 

3,312

 

1.7

 

 

Communications and utilities

 

1,891

 

1.0

 

 

 

1,666

 

0.8

 

 

Gain on disposal of property and equipment, net

 

(314)

 

(0.2)

 

 

 

(426)

 

(0.2)

 

 

Other

 

10,039

 

5.1

 

 

 

10,863

 

5.5

 

 

Total operating expenses

 

229,918

 

96.5

 

 

 

219,733

 

91.6

 

 

Operating income

 

6,922

 

3.5

 

 

 

16,416

 

8.4

 

 

Other expenses (income):

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

2,601

 

1.3

 

 

 

2,028

 

1.0

 

 

Other, net

 

57

 

--

 

 

 

(62)

 

--

 

 

Total other expenses, net

 

2,658

 

1.3

 

 

 

1,966

 

1.0

 

 

Income before income taxes

 

4,264

 

2.2

 

 

 

14,450

 

7.4

 

 

Income tax expense

 

2,564

 

1.3

 

 

 

6,643

 

3.4

 

 

Net income

$

1,700

 

0.9

%

 

$

7,807

 

4.0

%

 

Per share information:

 

 

 

 

 

 

 

 

 

 

 

 

Average shares outstanding (Basic)

 

10,821

 

 

 

 

 

11,365

 

 

 

 

Basic earnings per share

$

0.16

 

 

 

 

$

0.69

 

 

 

 

Average shares outstanding (Diluted)

 

10,939

 

 

 

 

 

11,609

 

 

 

 

Diluted earnings per share

$

0.16

 

 

 

 

$

0.67

 

 

 

 

 

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

Trucking Operations

 

Six Months Ended June 30, 2007

 

 

General Freight

 

Regional Freight

 

Dedicated

Freight

 

Total Trucking

Total miles (in thousands) (5)

121,944

 

16,237

 

12,319

 

150,500

 

Empty mile factor (6)

11.5

%

 

15.8

%

 

2.6

%

 

11.2

%

Base Trucking revenue per loaded mile

$

1.43

 

$

1.56

 

$

1.35

 

$

1.43

 

Average number of tractors (7)

2,039

 

321

 

211

 

2,571

 

Average miles per tractor per period

59,806

 

50,583

 

58,384

 

58,538

 

Average miles per tractor per week

2,355

 

1,991

 

2,299

 

2,305

 

Average miles per trip (8)

915

 

492

 

506

 

788

 

Average unmanned tractor percentage (9)

2.8

%

 

4.5

%

 

4.3

%

 

3.1

%

Base Trucking revenue per truck per week

$

2,972

 

$

2,616

 

$

3,024

 

$

2,932

 

 

 

 

 

 

 

Six Months Ended June 30, 2006

 

 

General Freight

 

Regional

Freight

 

Dedicated

Freight

 

Total Trucking

Total miles (in thousands) (5)

121,160

 

10,721

 

12,785

 

144,666

 

Empty mile factor (6)

10.1

%

 

12.9

%

 

4.0

%

 

9.8

%

Base Trucking revenue per loaded mile

$

1.43

 

$

1.53

 

$

1.34

 

$

1.43

 

Average number of tractors (7)

2,059

 

205

 

215

 

2,479

 

Average miles per tractor per period

58,844

 

52,297

 

59,464

 

58,357

 

Average miles per tractor per week

2,317

 

2,059

 

2,341

 

2,298

 

Average miles per trip (8)

937

 

550

 

593

 

848

 

Average unmanned tractor percentage (9)

3.4

%

 

6.8

%

 

9.8

%

 

4.2

%

Base Trucking revenue per truck per week

$

2,974

 

$

2,736

 

$

3,008

 

$

2,958

 

 

 

(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)

 

 

June 30,

 

 

December 31,

 

 

2007

 

 

2006

Total assets

$

343,136

 

$

339,494

 

Total equity

 

149,174

 

 

159,558

 

Total debt, including current maturities

 

105,875

 

 

95,406

 

Debt to capitalization ratio

 

41.5

%

 

 

37.4

%

 

 

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 “will,” “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 the improvement in our Trucking revenue per tractor per week, the growth of our Regional Freight division or the improvement in driver turnover. 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 the business levels of our 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 for the year ended December 31, 2006, and our quarterly reports on Form 10-Q.

 

 

 

 

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 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 using our technology and multiple modes of transportation including our assets and 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.

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

 

 

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