USA Truck’s Third-Quarter Income Improves

Truckload carrier USA Truck said Thursday its third-quarter profit jumped to $2.4 million, or 23 cents a share, from $16,000, or zero cents, a year ago.

Revenue rose 4.4%, to $103.7 million, the company said in a statement. Earnings in the year-ago period included an adverse legal ruling.

“Although lower diesel fuel prices certainly helped our third quarter earnings, the decrease prevented some weak carriers from failing or encouraged them to bring on capacity that had been idled, both of which contributed to more competition for less freight,” Chief Executive Officer Clifton Beckham said in a statement.

USA Truck is ranked No. 54 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.