USA Truck Annual Loss Deepens to $17.5M

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.
usa truck image

USA Truck Inc. of Van Buren on Thursday reported (PDF) a fourth-quarter loss of $3.1 million, 30 cents per share, compared to a loss of $4.4 million, 42 cents per share, during the same quarter last year.

For the full year, however, the company’s net loss deepened, increasing to $17.5 million, a greater loss than the $10.7 million loss it reported for the full year of 2011. Base revenue for the year fell less than 1 percent to $408.7 million from 2011.

Still, President and CEO Cliff Beckham saw postive movement in the company’s trucking segment, which posted year-over-year revenue growth for the first time since the second quarter of 2011. 

“Base Trucking revenue grew 3.4 percent despite a 3.1 percent reduction in the average fleet size,” Beckham said. “Base revenue per tractor per week improved 6.7 percent to $2,720 on an improved freight mix and a substantially larger manned tractor count.” Click here to read the full story from our partners at ArkansasBusiness.com.