USA Truck, Inc. (USAK)

USA Truck, Inc. was an asset-based truckload carrier and logistics provider headquartered in Van Buren, Arkansas. It hauled general freight across the United States and into Mexico and Canada using a fleet of roughly 1,900 tractors. Alongside its trucking operations it ran USA Logistics, a brokerage and logistics arm that arranged loads with third-party carriers. Its customers included large retailers, manufacturers and consumer goods companies. The stock traded on Nasdaq under the symbol USAK.

The company was founded in 1983 and grew from a regional carrier into a national truckload operator. It went public on Nasdaq in the early 1990s, using the capital to expand its fleet and terminal network. Like many carriers, it faced pressure from volatile fuel costs, driver shortages and swings in freight demand. Over the years management reshaped the business, putting more emphasis on dedicated service and brokerage to balance the cyclical one-way truckload market.

In June 2022 USA Truck agreed to be acquired by DB Schenker, the logistics arm of the German rail operator Deutsche Bahn. The offer of $31.72 per share in cash represented a large premium to the stock's prior trading price. For DB Schenker, the deal added U.S. asset-based trucking capacity to its global freight forwarding and contract logistics network. The transaction was valued at about $435 million including assumed cash and debt.

The acquisition was completed on September 15, 2022, and USA Truck shares stopped trading and were delisted from Nasdaq. Shareholders received $31.72 in cash for each share. USA Truck continued to operate as part of DB Schenker's U.S. land transport business. DB Schenker itself was later sold by Deutsche Bahn to the Danish logistics group DSV.