USA Truck Inc. announced today, Oct. 18, base revenue of $99.3 million for the third quarter ended Sept. 30, an increase of 2.7 percent from $96.7 million for the same quarter of 2006. Net income decreased 99.5 percent from $3.4 million for the quarter to $16,000 for the same quarter of 2007.
Base revenue increased 0.8 percent from $293.1 million for the nine months ended Sept. 30, 2006, to $295.5 million for the same period of 2007. Net income decreased 84.7 percent from $11.2 million for the nine-month period to $1.7 million for the same period of 2007.
“The current freight environment continues as one of the most challenging we have ever seen,” said Cliff Beckham, president and chief executive officer of Van Buren, Ark.-based USA Truck. “For the second consecutive year, we have experienced virtually no fall peak shipping season. That soft freight demand, an adverse jury verdict in a contract dispute and high fuel prices were the dominant influences on our earnings during the quarter.”
