USA Truck

USA Truck, Inc.
Type Public (NASDAQUSAK)
Industry Transportation
Founded 1989
Headquarters Van Buren, Arkansas, U.S.
Area served U.S., Canada
Key people Clif Beckham (President & CEO)
Mike Weindel, Jr. (VP, Recruiting/Training)
Darron Ming (VP, Finance)
Services General commodities transport
Website USATruck.com

USA Truck., Inc. is an over-the-road trucking company.

Contents

History

Founded in 1989, USA Truck was the corporation left in the wake of a hostile takeover. As it was common in 1980s, its parent firm, Arkansas Best Corporation, was forced to abandon the recently formed new subdivision. Its new partner and white knight, Kelso & Co, and an investment firm came together to respond to the green mailing firm from New York Razorback Acquisitions (the name a play on the carrier's home state's college team).

With the help of Kelso, the newly privatized Arkansas Best divested itself of USA Truck to help pay down the leveraged buyout. Thus, in early 1989, USA Truck Inc. of Van Buren found itself, along with a sister company, Trans-States Lines Inc, out on their own. Three years later USA-Truck went public.

Market and Business Segments

USA-Truck is referred to as an irregular route or an over-the-road (OTR) trucking company. It is based out of Van Buren, Arkansas. In addition to its company headquarters in Van Buren, USA Truck also operates maintenance facilities in West Memphis, Arkansas; Vandalia, Ohio; Indianapolis, Indiana; Atlanta, Georgia; Spartanburg, South Carolina; Laredo, Texas; and Roanoke, Virginia.[1]

Most of USA Truck’s business is considered time sensitive medium-haul, with freight shipments covering between 700 to 1,000 miles (1,600 km). USA Truck's freight consists of general commodities merchandise, such as auto parts, tires, and retail store items, and its clientele includes several Fortune 500 companies [2].It also has agreements to provide services for other trucking companies who may have entered into dedicated contracts but for some reason cannot provide service.

It also has begun to interface more heavily with the several rail carriers. 236

Awards

USA Truck has also achieved IS 9001:2000 certification.[3]

USA Truck’s logo is also the roundel of the United States Air Force, and drivers are affectionately nicknamed the company's "Top Guns".

USA's Trucking Fleet

USA Truck's fleet consists of over 2,000 tractors and 4,000 dry-van trailers. The trucks are newer model manual and automatic Navistar International, Kenworth, Peterbilt, and Freightliner Trucks tractors with an average age of 18 months. All of the company’s trucks are equipped with state-of-the-art industry features, including power steering, air-ride suspensions, and Qualcomm satellite communication with in-cab email. [4]

All of USA’s trailers are 53 ft (16 m) dry-vans; the company does not operate any flatbed, refrigerated, or tanker trailer fleets.

References

  1. ^ USA Truck, Official website.
  2. ^ Yahoo! Finance, "USA Truck Inc. (USAK)".
  3. ^ reuters.com business wire, 7 December 2007. USA Truck press release.
  4. ^ "USA Truck Driving Jobs".

External links