USA Truck says 2Q net income down 62.8%

USA Truck Inc. today, July 19, announced base revenue of $101.7 million for the second quarter ended June 30, an increase of 2.1 percent from $99.6 million for the same quarter of 2006. Net income decreased 62.8 percent from $4.4 million for the quarter ended June 30, 2006, to $1.6 million for the same quarter of 2007.

Base revenue decreased 0.1 percent from $196.4 million for the six months ended June 30, 2006, to $196.2 million for the same period of 2007. Net income decreased 78.2 percent from $7.8 million for the six months ended June 30, 2006, to $1.7 million for the same period of 2007.

“Freight demand for the quarter was certainly softer than a year ago, but freight volumes remained relatively consistent during May and June,” said Jerry D. Orler, president and chief executive officer of the Van Buren, Ark.-based company.