USA Truck Inc. has seen a revenue rising of $181 million and earnings as well. In that instance, they have been undergoing assistance by booming demand and rising freight rates. Additionally, there are earnings per share of 54 cents throughout the third quarter. In which case, this was the second consecutive quarter. At least for the Arkansas-based carrier. In which case, the third-quarter results in itself beat analyst expectations. There in which case, will the USA Truck President and CEO, James Reed, say something! “We believe overall that the market is the long-term arbiter of value and we intend to just keep improving earnings and controlling what we can. Our balance sheet is strong and improving and our liquidity and leverage metrics position us well for future growth.”
USA Truck had a great delivery of $113 million for their third-quarter results.
This is also known as a sixteen-percent year-over-year uptick. Reed went on to say the following. “The same tinderbox environment that has been widely reported was experienced by USA Truck in the quarter. It was especially robust in September when we had collaborative opportunities to reprice contracts with many of our best customers.”
Certainly, as of late, USA Truck made it a priority to negotiate several long-term commitments from customers all towards the middle of the following year. According to Reed, “Pricing remains very strong as we have secured rate increases with each of our top five customers, among many other customers.” From the looks of it, the vaccine mandate against COVID-19 may have affected the driver recruitment. In the meantime, freight rates could potentially skyrocket, should a vaccine mandate come across and upon the trucking industry. USA Truck would likely comply if President Biden did implement a vaccine mandate for the trucking industry. Who knows what the world will be later on?