Type Public Industry Transportation Founded 1983 | Traded as NASDAQ: USAK Area served North America | |
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Key people James D. Reed (President & CEO)
James Craig (EVP, Chief Commercial Officer and President, USAT Logistics)
Martin Tewari (President, Trucking) Services General commodities transport Stock price USAK (NASDAQ) US$ 7.46 +0.09 (+1.22%)28 Mar, 4:00 PM GMT-4 - Disclaimer Headquarters Van Buren, Arkansas, United States CEO James D. Reed (30 Jan 2017–) Founders Jerry Orler, Robert Powell, Breck Speed Profiles | ||
USA Truck, Inc., incorporated on September 29, 1986, is a truckload carrier providing transportation of general commodities throughout the continental United States and into and out of portions of Mexico and Canada. The Company operates through two segments: Trucking and Logistics. The Company transports full dry van trailer loads of freight from origin to destination without intermediate stops or handling. The Company offers a range of truckload and logistics services to a customer base that spans a range of industries. The Company's fleet of approximately 1,832 tractors consists of 1,568 company tractors and 264 independent contractor tractors. The Company owns approximately 6,200 trailers. The Company also transports general commodities into and out of Mexico by allowing through-trailer service from its terminal in Laredo, Texas.
Contents
The Trucking segment consists of truckload and dedicated freight services. Truckload provides services as a medium-to long-haul common carrier. Dedicated freight provides truckload services to specific customers for shipments over particular routes at particular. Truckload freight services utilize company-owned equipment or equipment owned by independent contractors for the pick-up and delivery of freight. The Company's trucking segment is supported primarily by driver managers, load planners and customer service representatives.
The Logistics segment consists of freight brokerage and rail intermodal services. Both of these service offerings match customer shipments with available equipment of authorized carriers and provide services that complement the Company's trucking operations. The Company provides these services primarily to existing trucking customers, many of whom prefer to rely on a single carrier, or a small group of carriers, to provide all their transportation solutions. The SCS segment has a network of approximately 13 branch offices, located throughout the continental United States.
History
The company got its start in 1983 as Crawford Produce, Inc. (CPI) with fewer than 10 tractors in operation. CPI was incorporated under the name USA Truck in September 1986 and purchased by management in January 1989. The initial public offering of USA Truck common stock was completed in March 1992. Today, USA Truck is one of the nation’s largest over-the-road Truckload carriers. The company’s distinctive white tractors and trailers bearing the bar and star logo is a tribute to our nation’s military from one of USA Truck’s founders, a former military aviator. Under that banner, the company provides capacity solutions to its wide customer base throughout North America.
USA Truck celebrated its 30th year in operation in 2013. In 2015, as part of a widespread brand enhancement initiative, the USA Truck marketing group unveiled a new collection of logos and launched a new corporate website (usa-truck.com) to reflect its growth as a capacity solutions provider.
In April 2016, USA Truck rebranded Strategic Capacity Solution (SCS), its asset-light logistics business, to USAT Logistics. The name change is one of the first steps in USA Truck's strategy to more fully realize the value of its asset-light business through an expanded 3PL offering, market share gains and aggressive revenue growth. USAT Logistics accounted for 30% of USA Truck's operating revenue in 2015.
Awards
Fleet
USA Truck's fleet consists of nearly 2,000 tractors and 6,200 dry-van trailers. The trucks are Kenworth, Navistar International ProStar and Freightliner Cascadia tractors with Cummins engines, and are an average age of 32 months. All of the company’s trucks are equipped with PeopleNet satellite communication with in-cab email and turn-by-turn navigation. All of USA Truck’s trailers are 53 ft (16 m) dry-vans; the company does not operate any flatbed, refrigerated or tanker trailer fleets. The company’s ongoing fleet revitalization program is intended to lower the fleet age and improve overall performance through reduced maintenance costs and better fuel and operating efficiency.