USA Truck

USA Truck
Public
Traded as NASDAQ: USAK
Industry Transportation
Founded 1983
Founders Jerry Orler, Robert Powell, Breck Speed
Headquarters Van Buren, Arkansas, U.S.
Area served
 North America
Key people
 Randy Rogers (President & CEO)
James Craig (President, USAT Logistics)
Martin Tewari (President, Trucking)
Services General commodities transport
Website usa-truck.com
Company headquarters - Van Buren, AR

USA Truck provides comprehensive capacity solutions to a broad and diverse customer base throughout North America. USA Truck and USAT Logistics blend an extensive portfolio of asset and asset-light services, offering a balanced approach to supply chain management. USA Truck’s offerings include customized truckload, dedicated contract carriage, intermodal and third-party logistics freight management services. The company operates regional sales centers throughout the United States, along with service facilities in Dayton, Ohio; Laredo, Texas; Van Buren, Arkansas and West Memphis, Arkansas.

USA Truck manages the shipment of goods using its own assets through an advanced freight network, as well through the spot market. Additionally, the company handles freight on a dedicated contract basis. USAT Logistics, the company's asset-light group, utilizes multiple modes of transportation such as dry van, rail and flatbed. This allows USA Truck to haul goods outside the norm, including oversized loads, refrigerated loads and less than truckload amounts.

The company's particular strength lies in medium-haul routes east of the Great Plains. USA Truck is the 26th largest truckload carrier in the U.S.,[1] according to Transport Topics, and its clientele includes Fortune 500 companies.[2] In addition, USA Truck services 25% of the Fortune 100 companies and 90 of its top 100 customers utilize multiple service offerings.

USA Truck has been recognized by Employer Support of the Guard and Reserve,[3] with veterans comprising 29% of the company’s team members.

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.[4] 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[18] program is intended to lower the fleet age and improve overall performance through reduced maintenance costs and better fuel and operating efficiency.

References

  1. ↑ http://progressive.playstream.com/truckline/progressive/TT100_2015/TT100F-H2015.pdf page 23
  2. ↑ http://fortune.com/fortune500/
  3. ↑ http://www.esgr.mil/News-Events/ESGR-In-The-News/articleType/ArticleView/articleId/3858/USA-Truck-Supervisors-Honored-for-Patriotic-Support.aspx
  4. ↑ http://investor.usa-truck.com/press-release/financial-releases/usa-truck-renames-its-asset-light-business-usat-logistics
  5. ↑ http://fleetowner.com/fleet-management/esgr-honors-usa-truck-military-support
  6. ↑ http://www.ttnews.com/articles/basetemplate.aspx?storyid=37885
  7. ↑ http://www.usa-truck.com/usa-truck-listed-among-top-100-freight-brokers-for-2014/
  8. ↑ https://militaryfriendly.com/employer/usa-truck-inc/
  9. ↑ http://www.usa-truck.com/usa-truck-wins-2015-arkansas-business-best-of-business-award/
  10. ↑ http://www.pressreader.com/usa/northwest-arkansas-democrat-gazette/20150610/283034053197042/TextView
  11. ↑ http://www.usa-truck.com/awards/
  12. ↑ http://read.dmtmag.com/i/369526-september-2014/67
  13. ↑ http://www.alcoa.com/global/en/news/news_detail.asp?pageID=20130225000110en&newsYear=2013
  14. ↑ http://www.usa-truck.com/awards/
  15. ↑ http://www.usa-truck.com/awards/
  16. ↑ http://www.usa-truck.com/awards/
  17. ↑ http://www.usa-truck.com/awards/
  18. ↑ http://swtimes.com/sections/business/people-business.html-43
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