Another carrier posts a bad loss

Nov 01, 2019 at 09:04 AM CST
USA Truck, Inc. (NASDAQ: USAK) reported an adjusted loss of $0.13 per share excluding amortization from an acquisition in the third quarter of 2019. The company reported earnings of $0.43 per share in the third quarter of 2018 and analysts were expecting earnings of $0.10 per share this quarter. Consolidated revenue declined 1.3% year-over-year to $131 million in the quarter. Average seated tractors increased more than 20% year-over-year given the company’s prior acquisition of Davis Transfer Company in October 2018. Revenue in the truckload (TL) division increased 8% year-over-year to $94 million. Revenue per truck per week declined 8% year-over-year to $3,142 as the carrier reported “lower volumes on committed lanes coupled with spot market pricing pressure.”

Nov 01, 2019 at 09:04 AM CST

USA Truck, Inc. (NASDAQ: USAK) reported an adjusted loss of $0.13 per share excluding amortization from an acquisition in the third quarter of 2019. The company reported earnings of $0.43 per share in the third quarter of 2018 and analysts were expecting earnings of $0.10 per share this quarter. Consolidated revenue declined 1.3% year-over-year to $131 million in the quarter. Average seated tractors increased more than 20% year-over-year given the company’s prior acquisition of Davis Transfer Company in October 2018. Revenue in the truckload (TL) division increased 8% year-over-year to $94 million. Revenue per truck per week declined 8% year-over-year to $3,142 as the carrier reported “lower volumes on committed lanes coupled with spot market pricing pressure.”