USA Truck Net Income Beats Estimate, 2018 Revenue Up Almost 20%

Finding drivers continues to be “challenging” for Van Buren-based USA Truck, but it didn’t stop the company from posting 2018 net income of $12.204 million, better than what the market expected and ahead of the $7.497 million in 2017.

The trucking and logistics company also reported Monday (Feb. 4) that total 2018 revenue was $534.06 million, up almost 20% compared to $446.533 million in 2017, but below the $541.23 consensus estimate among analysts following the company. The noted an ability to charge higher rates – a 12.1% increase in base revenue per loaded mile in the fourth quarter – and a more than 15% increase in available rigs in the fourth quarter.

“We remain focused on seating trucks, improving base revenue per available tractor per week and increasing volume in our USAT Logistics segment. We believe increased performance in these areas will help us deliver on our goals of continued improvement in our consolidated results and maximizing shareholder value,” USA Truck President and CEO James Reed noted in the earnings report.     MORE

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