USA Truck Third Quarter Revenue up 10.6% to $125.9 million

USA Truck, Inc. (NASDAQ: USAK), a leading North American transportation and logistics provider, has announced that third-quarter results were driven by a 10.6% increase in base revenue while operating expenses rose only 5.7% (net of fuel surcharge recoveries).

In the company’s Trucking business, operating improvement initiatives enabled USA Truck “to sustain the asset utilization gains we have realized since beginning our turnaround and achieve a 370 basis-point improvement in Trucking’s operating ratio.”

Trucking rate per loaded mile increased 9.4%, a sequential improvement from 2Q14’s 7.1% increase. In addition, the company’s fleet fuel efficiency initiatives produced a 10.5% improvement in miles-per-gallon, or $3.2 million, while offsetting higher driver-related costs.

The company reported operating income of $5.4 million compared to 3Q13 operating loss of $0.2 million

Category: General Update