We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
  • INDUSTRY PRESS ROOM
  • ABOUT
  • CONTACT
  • MEDIA FILE
  • Create Account
  • Sign In
  • Sign Out
  • My Account
Free Newsletters
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC
    • Podcast
    • Webcasts
    • Blogs
      • One-Off Sound Off
      • Global Logistics and Risk
      • Empowering Your Performance Edge
      • Analytics & Big Data
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • Parcel Forum 2022
    • MODEX 2022
    • Upload Your Video
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC
    • Podcast
    • Webcasts
    • Blogs
      • One-Off Sound Off
      • Global Logistics and Risk
      • Empowering Your Performance Edge
      • Analytics & Big Data
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • Parcel Forum 2022
    • MODEX 2022
    • Upload Your Video
Home » DB Schenker spends $435 million to buy Arkansas’ USA Truck

DB Schenker spends $435 million to buy Arkansas’ USA Truck

German logistics provider plans to open its international logistics expertise, air transport services, and ocean gateways to trucking fleet’s existing customer base.

Screen Shot 2022-06-24 at 10.44.19 AM.png
June 24, 2022
Ben Ames
No Comments

German logistics services provider DB Schenker is spending $435 million to acquire USA Truck, an Arkansas-based operation with 1,900 trucks, a network of terminals across the Eastern half of the U.S., and a nationwide third-party logistics (3PL) presence.

Essen, Germany-based DB Schenker said it plans to expand USA Truck’s presence in North America, and to offer its existing customer base access to Schenker’s international logistics expertise, air transport services, and ocean gateways. Likewise, the company plans to build on USA Truck’s existing U.S. and Mexico freight network to expand its global logistics services across land, air, and ocean transportation services.

Van Buren, Arkansas-based USA Truck was founded in 1983 as Crawford Produce Inc. with fewer than 10 tractors in operation. It went public in 1992 and has been listed on the NASDAQ stock exchange ever since, growing to its current size of 2,100 employees and partnerships with more than 36,000 active contract carriers. 

USA Truck had seen strong financial results in recent months, as hot freight demand and tight market capacity drove high rates for transportation providers. In its most recent earnings report, the company reported its best first quarter earnings per share in company history and its seventh consecutive quarter of record earnings, according to its president and CEO James Reed. 

By the numbers, USA Truck reported consolidated operating revenue of $201.1 million for the quarter ended March 31, 2022, compared to $158.5 million for that period last year. Based on that revenue, the company declared net income of $13.1 million, compared to $3.6 million for the same quarter in 2021.

USA Truck is combining with @DBSchenker to advance our shared vision to become the premier North American transportation solutions provider.

Read more here: https://t.co/ueuA78Yk9p pic.twitter.com/ZynQSS0n4r

— USA Truck Inc. (@USATruck_Inc) June 24, 2022
Trucking
KEYWORDS DB Schenker USA Truck Inc.
  • Related Articles

    DB Schenker and USA Truck to Combine

    DB Schenker Completes Acquisition of USA Truck

    Knight Transportation proposes to buy USA Truck for $242 million in cash, debt assumption

Benames
Ben Ames has spent 20 years as a journalist since starting out as a daily newspaper reporter in Pennsylvania in 1995. From 1999 forward, he has focused on business and technology reporting for a number of trade journals, beginning when he joined Design News and Modern Materials Handling magazines. Ames is author of the trail guide "Hiking Massachusetts" and is a graduate of the Columbia School of Journalism.

Recent Articles by Ben Ames

Kuehne+Nagel will operate final 747 jet to be built

Maersk deploys indoor drones for warehouse inventory counts

New Jersey truck fleet says Freightliner tractors will deliver safety as well as freight

You must login or register in order to post a comment.

Report Abusive Comment

Most Popular Articles

  • Schneider welcomes first battery-electric truck

  • Fred Smith is not worried about Amazon

  • Outlook 2023: What’s in store for logistics/supply chain?

  • Ports, maritime operators see tide turning as ocean freight tsunami subsides

  • RJW LOGISTICS GROUP EXPANDS RETAIL LOGISTICS OPERATION TO DALLAS

Now Playing on DCV-TV

D991bf51 52ad 4867 98ff b56f4fe5dd93

State of the Industry: Fluctuations & Normalcy

DCV-TV 4: Viewer Contributed
In this second of a four-part State of the Industry video series, Greg Orr shares insights on the shifting fortunes of a cyclical truckload market and what passes for normalcy in this economy. The truckload market is famous for its boom-and-bust cycles. A downturn in the economy sends the market reeling with too...

FEATURED WHITE PAPERS

  • The five best applications for robotic lift trucks in warehouse environments

  • Fulfillment Facility Improved Efficiencies by 4x

  • 3PLs: Complete Orders Faster with Flexible Automation

  • Reusable Packaging for the New Wave of Supply Chain Automation

View More

Subscribe to DC Velocity Magazine

GET YOUR FREE SUBSCRIPTION
  • SUBSCRIBE
  • NEWSLETTERS
  • ADVERTISING
  • CUSTOMER CARE
  • CONTACT
  • ABOUT
  • STAFF
  • PRIVACY POLICY

Copyright ©2023. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing