Skip to content

USA Truck Reports 3Q Loss; Management Declines Celadon Bid to Meet

10/21/2011 2:30:00 PM
Write a Letter to the Editor

Print This

Michael G. Malloy/TT

USA Truck reported a third-quarter loss and said its board declined to meet with Celadon Group, which recently bought a small stake in the truckload carrier.

The company lost $4.3 million, or 42 cents per share, compared with net income of $600,000, or 6 cents, a year ago.

Revenue rose 9.6% to $130.1 million, the company said Friday.

USA Truck said in August that it was likely to report a third-quarter loss, in part due to implementation of new enterprise management software.

Celadon last week announced it had bought a 6.3% stake in USA Truck and there had been speculation it might seek to gain more.

USA Truck cited its board’s “desire to remain focused on increasing value through operational improvements� and said it “unanimously decided to decline a meeting [with Celadon] at this time.�

USA Truck is ranked No. 50 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers. Celadon Group is No. 42.

Follow Transport Topics on RSS Twitter Facebook

 Print This

© 2011, Transport Topics Publishing Group. All rights reserved.




USA Truck Reports 3Q Loss; Management Declines Celadon Bid to Meet (10/21/2011 2:30:00 PM)
Most Publicly Traded Fleets Expect Gains In Earnings for Eighth Straight Quarter (10/17/2011 9:00:00 AM)
Celadon Buys 6% Stake in Truckload Carrier USA Truck (10/17/2011 6:30:00 AM)
Celadon Buys 6.3% Stake in USA Truck (10/12/2011 11:00:00 AM)
USA Truck Expects Third-Quarter Loss (8/23/2011 9:00:00 AM)
Truckload Firms Post Earnings Gains on Tight Capacity, Higher Rates (7/25/2011 10:00:00 AM)

Click Here!

I agree to have my personal information transfered to MailChimp ( more information )
Join over 3.000 visitors who are receiving our newsletter and learn how to optimize your blog for search engines, find free traffic, and monetize your website.
We hate spam. Your email address will not be sold or shared with anyone else.
Tax, Accounting, Consulting - Emil Estafanous, CPA, CFF, CGMA