USA Truck’s 2Q Earnings Improve

Truckload carrier USA Truck’s second-quarter profit rose to $2.1 million, or 21 cents per share, from $1.6 million, or 15 cents, a year ago.

Revenue rose 2.1%, to $103.8 million, the company said in a statement Thursday.

“Conditions in the truckload industry have been challenging, characterized by suppressed freight volumes due to the slowing U.S. economy and record diesel fuel costs,” said Chief Executive Officer Clifton Beckham.

“This difficult operating environment appears to have caused an escalating exodus of truckload capacity from the marketplace,” he said in a statement.

USA Truck is ranked No. 57 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.