USA Truck Reports Strong Revenue Growth and
Improved Results from Underlying Operations for Fourth Quarter

·  
Base revenue growth of 6.2% to $113.6 million
·  
Adjusted operating income of $1.3 million1, the first quarter of positive operating income in over two years
·  
Adjusted EPS of $0.001, 2 compared to a loss of $0.31 in 4Q12
·  
Debt reduction of $12.0 million in 4Q13

1 Excluding non-cash charge of $6.0 million before income taxes for long-term claims liability reserve noted below
2 Excluding charge of $1.5 million before income taxes for legal and related defense expenses noted below

Van Buren, AR – February 11, 2014 –
USA Truck, Inc. (NASDAQ: USAK), a leading  North American transportation and logistics provider, today announced another quarter of significantly improved financial results for the three months ended December 31, 2013.

“The fourth quarter capped a turning point year for USA Truck, with improvements in virtually every area of our business,” said President and CEO John Simone. “Our results reflect the growing positive momentum of our strategic plan, which focuses on three critical areas – operational execution, profitable revenue growth and cost effectiveness.

“In addition to generating base revenue growth of more than 6% from last year’s period, these initiatives led to our first quarter of positive operating income since the second quarter of 2011, after adjusting for the non-cash charge described below. In another clear sign of progress, continued improvement in our cash flow from operations enabled us to reduce debt sequentially for the second consecutive quarter, this time by $12 million, while maintaining a consistent fleet age of 2.5 years, well below industry average. Our strengthening operating results represent another solid step towards returning to profitability and further enhancing shareholder value. We are especially encouraged by our sustained sequential quarterly improvements throughout 2013, which ran counter to the historical seasonal patterns in our business.”

Mr. Simone continued, “Throughout 2013, our Trucking segment made steady progress, improving its adjusted operating ratio by 503 basis points quarter over quarter and by 644 basis points for the full year.  The fourth quarter of 2013 was our fifth consecutive quarter of improvement. For both the quarter and the year, we extended our length of haul while simultaneously increasing our pricing, and we added drivers while simultaneously increasing productivity per driver. These are impressive accomplishments, and demonstrate the fundamental nature of our improving performance.

“Our asset-light Strategic Capacity Solutions (SCS) business also turned in another strong quarter, growing operating income by 74.4% year over year on base revenue growth of 4.1%. SCS, which accounted for $30.4 million, or 26.7%, of our consolidated base revenue, actually reduced its year-over-year operating expenses by 4.0%, leading to a 390 basis-point improvement in operating margin.”
 
 
 

The following information was filed by Usa Truck Inc (USAK) on Tuesday, February 11, 2014 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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