Van Buren, Arkansas-based truckload (TL) carrier USA Truck Inc. (NASDAQ: USAK) reported an adjusted first-quarter 2020 net loss of $2.2 million, or 26 cents per share, 10 cents better than the consensus estimate. The carrier reported adjusted net losses of $4.5 million in the fourth quarter and $1.1 million during the third.
The company’s trucking division posted an adjusted operating loss of $1.3 million with a 101.5% operating ratio, 430 basis points worse year-over-year. Revenue was basically...
https://s29755.pcdn.co/news/usa-truck-posts-quarterly-loss-debt-leverage-rises