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Last updated on Thursday, May 9, 2013, 3:23 pm
USA Truck
USA Truck Whittles 1Q Loss
USA Truck Inc. said May 6 cost controls helped narrow the company's loss over the first quarter a year ago. The Van Buren-based truckload carrier posted a net loss of $2.47 million, or 24 cents per share for the quarter that ended March 31, compared to a net loss of $4.87 million, or 47 cents per share, in the same period a year earlier. The results were better than the loss of28 cents per share forecast by two analysts surveyed by Thomson Reuters. Revenue, including fuel surcharges, rose 6.76 percent to $132.03 million. "Most costs associated with our trucking segment were lower due to cost-control initiatives, including efforts to reduce driver turnover which improved by 22.6 percentage points year-over-year," president and CEO John Simone said in a news release. Simone, who joined USA Truck... [ MORE ]-
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