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For Q1 2021, USA Truck (NASDAQ:USAK) reported a net income of $3.6 million, or $0.40 per diluted share, reversing a loss of $2.6 million in Q1 2020. Operating revenue surged 25% to $158.5 million, driven by robust freight demand and effective operational strategies. The adjusted operating ratio improved to 96.2% from 101.8% year-over-year. Trucking segment revenue rose 9.7% to $103.1 million, while USAT Logistics saw a 90.9% revenue increase to $68.4 million. CEO James Reed highlighted the quarter as the best in the company's history, showcasing a successful transformation in operations.
USA Truck (NASDAQ:USAK) will release its first quarter 2021 financial results on April 29, 2021, after market close. A conference call to discuss the results is scheduled for April 30, 2021, at 8:00 a.m. CT. Interested parties can join the call by dialing 1-877-407-9205 for U.S./Canada or 1-201-689-8054 for international calls. A live webcast will be available on the company’s Investor Relations website, with an audio replay accessible for one year post-call.
USA Truck has received approval for its current data submission to the SmartWay Transport Partnership, a collaboration with the U.S. EPA aimed at improving environmental and energy efficiency in goods movement. This partnership has resulted in significant savings, including 312 million barrels of oil and $41.8 billion in fuel costs. Over the past three years, USA Truck has achieved a CO2 reduction of 11,785 metric tons by implementing various fuel-saving measures in their fleet. The initiative underscores USA Truck's commitment to environmental leadership and corporate responsibility.
USA Truck Inc. (NASDAQ:USAK) recently appointed Rajan Penkar as a Class I Director, effective March 1, 2021, with his term expiring at the 2023 Annual Meeting of Stockholders. Penkar brings extensive experience in logistics and supply chain management, having previously held leadership positions at Supply Chain Advisory Services, Sears Holding Corporation, and UPS. Meanwhile, Thomas M. Glaser announced he will not seek reelection, citing no disagreements with the Company. The Board expressed gratitude for Glaser's contributions over the past seven years.
USA Truck (NASDAQ:USAK) will participate in the Stifel 2021 Virtual Transportation & Logistics Conference on February 9-10 and the Cowen Aerospace/Defense & Industrials Conference on February 10, 2021. Management, including President James Reed and SVP Michael Stephens, will present and hold one-on-one meetings. USA Truck provides capacity solutions across North America, offering services such as truckload, dedicated contract carriage, intermodal, and third-party logistics. For more details, visit usa-truck.com.
USA Truck (NASDAQ:USAK) reported strong financial results for Q4 2020, achieving a net income of $5.9 million, or $0.66 per diluted share, a significant recovery from a loss of $4.8 million, or $0.56 per diluted share, in Q4 2019. Consolidated operating revenue rose 28% to $158.8 million, bolstered by demand from COVID-related consumer buying. The company noted a substantial improvement in its operating ratios, with Trucking adjusted operating ratio tightening to 93.0%. USAT Logistics also reported a stellar 94.3% revenue increase year-over-year, indicating robust performance across its segments.
USA Truck has launched USAT CONNECT, a new technology platform aimed at enhancing the driver experience for over-the-road drivers. This innovative platform allows drivers to manage their experience digitally, offering features such as freight booking, dynamic trip planning, and access to corporate services. According to President and CEO James Reed, the technology boosts efficiency and overall customer satisfaction. The platform fosters connectivity, providing essential tools for work-life balance, routing, and training to drivers, thereby aiming for improvements in service delivery.
USA Truck, Inc. (NASDAQ:USAK) will release its fourth quarter 2020 financial results on February 4, 2021, after market close. A conference call to discuss the results is scheduled for February 5, 2021, at 8:00 a.m. CT. Participants can join by calling 1-877-407-9205 (U.S./Canada) or 1-201-689-8054 (International). A live webcast will be available on the company's Investor Relations website. USA Truck offers comprehensive capacity solutions across North America, blending asset and asset-light services.
USA Truck, Inc. (NASDAQ:USAK), a capacity solutions provider based in Van Buren, AR, will participate in the Stephens Annual Investment Conference held virtually on November 17-18, 2020. Management, including President and CEO James Reed, CFO Zachary King, and SVP Michael Stephens, will present on November 17 and engage in one-on-one meetings. USA Truck offers a variety of logistics solutions, including truckload and third-party logistics services. For further details or to schedule a meeting, interested parties can contact USA Truck directly.
USA Truck, Inc. (NASDAQ:USAK) announced its third quarter 2020 financial results will be released on October 29, 2020, after market close. A conference call to discuss these results is scheduled for October 30, 2020, at 8:00 a.m. CT. Interested participants can join via phone or a live webcast available on the company’s Investor Relations website. Audio replays of the call will be accessible until November 6, 2020. USA Truck provides capacity solutions across North America through its Trucking and USAT Logistics divisions.
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