Knight Steps Up Drive to Buy USA Truck, Criticizes ‘Significant Risk’ in Rescue Plan
Truckload carrier Knight Transportation Inc. stepped up its efforts to acquire USA Truck Inc. last week, charging that USA’s turnaround plan is “fraught with significant risk” due to persistent losses, aging equipment and weak cash flow.
November 11, 2013Knight Adds to USA Truck Stake, Answers Lawsuit
Knight Transportation Inc. raised its stake in takeover-target USA Truck Inc. to 12.4% and denied breach- of-contract allegations.
October 15, 2013Knight Adds Profit Warning On Eve of Earnings Season
Some prominent truckload fleets will report weak third-quarter earnings in part because of lost productivity related to the hours-of-service rule change that took effect July 1, company officials and analysts said.
October 14, 2013Knight Transportation Scales Back 3Q Earning Expectations
Citing a weak rate environment and squeezed productivity, Knight Transportation Inc. joined two large truckload carriers in scaling back third-quarter earnings expectations.
October 10, 2013Knight Raises USA Truck Holdings To Bolster Its Takeover Proposal
Knight Transportation Inc. stepped up its unsolicited takeover bid for USA Truck Inc. last week, a move analysts said illustrates the growing interest in acquisitions among well-capitalized fleets.
October 7, 2013Knight Says it Will Continue Pursuing USA Truck Acquisition
Knight Transportation said Sept. 30 that is disappointed that USA Truck rejected its takeover bid, but it is “prepared to take the necessary steps to make this combination a reality.”
September 30, 2013Knight Offers to Acquire USA Truck
Knight Transportation has offered to buy fellow truckload carrier USA Truck for $9 a share, an offer USA Truck said undervalues the company.
September 26, 2013Knight Transportation’s Profit Dips
Knight Transportation said Wednesday its second-quarter profit declined on a “challenging operating and economic environment.”
July 24, 2013Knight Transportation’s Profit Improves
Knight Transportation said its first-quarter profit improved despite a “challenging operating and economic environment” and industrywide concerns over finding qualified drivers.
April 25, 2013Knight’s 4Q, Full-Year Income Improve
Knight Transportation’s fourth-quarter profit rose slightly from a year ago, while revenue improved by more than 8%, the truckload carrier said.
January 31, 2013