EXHIBIT 99.1

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USA Truck Reports Third Quarter 2020 Results

3Q 2020 earnings per diluted share of $0.26 versus 3Q 2019 loss per diluted share of $0.16
3Q 2020 adjusted earnings per diluted share(a) of $0.29 versus 3Q 2019 adjusted loss per diluted share(a) $0.13
3Q 2020 consolidated operating revenue increased 8.3% to $141.8 million from $130.9 million in 3Q 2019

Van Buren, AR – October 29, 2020 –

USA Truck Inc. (NASDAQ: USAK), a leading capacity solutions provider, today announced its financial results for the three and nine months ended September 30, 2020.

For the quarter ended September 30, 2020, consolidated operating revenue was $141.8 million compared to $130.9 million for the prior-year period.  Base revenue(a), which excludes fuel surcharge revenue, was $131.5 million compared to $114.9 million for the 2019 period.  The Company reported net income of $2.3 million, or $0.26 per diluted share for the third quarter 2020 and adjusted net income(a) of $2.6 million, or $0.29 per diluted share, compared to a net loss of $1.4 million, or $0.16 per diluted share and adjusted net loss(a) of $1.1 million, or $0.13 per diluted share for the same quarter in 2019.  The Company’s third quarter 2020 consolidated operating ratio was 96.9%, compared to 100.0% in the comparable 2019 quarter.

President and CEO James Reed commented, “The third quarter of 2020 was the tale of two freight markets.  The first half of the quarter was similar to the second quarter of 2020, with unpredictable week to week swings in freight, pricing and seasonally softer demand. The market turned toward the middle of August as capacity constraints emerged and demand strengthened.  The tightening capacity was driven by many factors including the implementation of the new Drug and Alcohol Clearinghouse screening requirements, driver school shut downs in the face of COVID-19 concerns, general COVID-19 cautiousness among drivers, and expanded unemployment insurance and federal and state relief programs.  

Despite the difficult driver market, during the quarter we were able to improve our Trucking segment operating ratio and adjusted operating ratio(a) by 380 basis points and 410 basis points year over year and 220 basis points and 200 basis points sequentially to 96.5% and 95.8%, respectively.  We were able to drive the improved results through a disciplined approach to our network, targeted repricing efforts with customers, moderating truck counts by reducing our average available tractor count by 94 tractors sequentially, and by executing our previously discussed self-help initiatives through our migration to a more regionalized business model. 

USAT Logistics capitalized on the increasing market rates and executed through increased volume during the quarter, which generated the two highest revenue months in the history of this operating segment during this quarter.  This powerful combination of volume and rate helped grow the overall gross margin, return to operating profitability and improve the segment operating ratio and adjusted operating ratio(a) by 130 basis points year over year and 250 basis points sequentially to 98.1% and 98.0%, respectively.  We expect the combination of tighter supply and traction gained on self-help initiatives will set us up well for the fourth quarter of 2020 and beyond. 

Trucking:  For the third quarter of 2020, Trucking operating revenue (before intersegment eliminations) increased $3.8 million, or 4.1%, to $97.4 million, compared to the third quarter of 2019.  Trucking operating income of $3.5 million for the 2020 period, reflected an operating ratio of 96.5%, compared to an operating loss of $0.3 million and an operating ratio of 100.3% for the third quarter of 2019.  This represents an increase of


The following information was filed by Usa Truck Inc (USAK) on Thursday, October 29, 2020 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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