USAT Logistics

USA Truck sees sustained growth amid uncertain market forces

USA Truck Inc. posted its seventh consecutive quarter of record earnings Thursday and expects 2022 to be another record year, said James Reed, president and CEO.

The truckload carrier posted adjusted earnings per share of $1.48 during the first quarter, beating analysts’ estimate of 76 cents per share.

Total revenue in the quarter was $201.1 million, above the $158.5 million in the same year-ago quarter and higher than the consensus estimate of $185.6 million.

“Our performance year to date is far...

https://www.freightwaves.com/news/usa-truck-sees-sustained-growth

USA Truck reports record 1st-quarter revenue, EPS

USA Truck Inc. reported first-quarter 2022 adjusted earnings per share of $1.48 Thursday after the market closed, a 244% year-over-year increase compared to the same period in 2021.

Revenue excluding fuel surcharges was 27% higher year-over-year in the period at $201.1 million.

Company officials said USA Truck produced the best first-quarter earnings per share in the company’s 29-year history and the seventh consecutive quarter of record earnings. 

“Segment results continue to reflect improved...

https://www.freightwaves.com/news/usa-truck-reports-first-quarter-results

USA Truck reports record revenue in Q2, up 37% year-over-year

USA Truck Inc. posted a 37% year-over-year revenue increase to $170 million in the second quarter, a quarterly record, said President and CEO James Reed.

The truckload carrier also reported second-quarter net income of $4.2 million, after reporting a loss of $900,000 in the same period a year ago.

“Our team delivered the best Q2 adjusted operating income and adjusted earnings per share in our history. Q2 of 2021 represents the single highest revenue quarter in the history of USA Truck since its...

https://www.freightwaves.com/news/usa-truck-reports-record-revenue-in-q2-up-37-year-over-year