Fills New Position with Expansive Scope of Responsibilities Designed to Accelerate Operational and Financial Improvements
USA Truck, Inc. (NASDAQ: USAK), a leading capacity solutions provider
headquartered in Van Buren, AR, announced today the appointment of
Martin Tewari to the newly created position of President - Trucking,
effective September 30, 2015. Mr. Tewari will be responsible for the
Company’s Trucking operations, pricing, and sales, and will report to
USA Truck President and CEO Tom Glaser.
Mr. Tewari, who has more than 25 years of experience in the
transportation industry, joins USA Truck from Con-way Truckload, where
he served as Vice President, Operations since 2010. In that capacity, he
oversaw the operations of almost 3,000 company drivers and dedicated
owner operators with a fleet of 2,900 tractors and 8,000 trailers. Mr.
Tewari served as Vice President, Sales and Revenue Management at Con-way
Truckload from 2006 to 2010.
“We are delighted to welcome Martin to USA Truck,” Tom Glaser said. “His
appointment and the broad range of responsibilities with which he is
charged illustrate the steps we have designed to accelerate the pace of
improvement in our Trucking operations.
“We believe Martin’s deep industry knowledge and unsurpassed operational
expertise will help us build a best-in-class and consistently profitable
Trucking operation. We also expect the centralization of responsibility
for Trucking operations, pricing and sales into a single position to
enable us to enhance cross-functional awareness, discipline and
collaboration throughout our organization.”
Mr. Tewari, age 51, began his career in transportation in 1989 at MS
Carriers, where he was Divisional Sales Manager for six years. He served
as Vice President, Sales with Roehl Transport from 2001 to 2006.
Mr. Tewari earned a Bachelor of Arts in Business Administration from the
University of Western Ontario in Canada and a Masters of Business
Administration from the University of Manchester Business School in
England.
Separately, the Company announced the resignation of Russell Overla, who
previously served as Executive Vice President, Truckload Operations.
Mr. Glaser remarked, “We would like to thank Russell for his
contributions over the past two years. Russell built a foundation that
will help us continue USA Truck’s forward momentum.”
About USA Truck
USA Truck is a capacity solutions provider of transportation and
logistics services that include truckload, dedicated contract carriage,
intermodal and brokerage spot market throughout the continental United
States, Mexico and Canada.
This press release and related information will be available to
interested parties at our web site, www.usa-truck.com,
under the "Financial Releases" tab of the "Investors" menu.
Cautionary Statement Concerning Forward-Looking Statements
This press release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended and
Section 21E of the Securities Exchange Act of 1934, as amended. Such
forward-looking statements are made pursuant to the provisions of the
Private Securities Litigation Reform Act of 1995. Forward-looking
statements, including statements concerning expected financial and
operating improvements and management capability, are based upon the
current beliefs and expectations of our management and are inherently
subject to risks and uncertainties, some of which cannot be predicted or
quantified, which could cause future events and actual results to differ
materially from those set forth in, contemplated by, or underlying the
forward-looking statements. Accordingly, actual results may differ
materially from those set forth in the forward-looking statements.
Readers should review and consider the factors that may affect future
results and other disclosures by the Company in its press releases,
Annual Report on Form 10-K and other filings with the Securities and
Exchange Commission. Any forward-looking statement speaks only as of the
date on which it is made. We disclaim any obligation to update or revise
any forward-looking statements to reflect actual results or changes in
the factors affecting the forward-looking information. In light of these
risks and uncertainties, the forward-looking events and circumstances
discussed in this press release might not occur.
All forward-looking statements attributable to us, or persons acting on
our behalf, are expressly qualified in their entirety by this cautionary
statement.
References to the “Company,” “we,” “us,” “our” and words of similar
import refer to USA Truck, Inc. and its subsidiary.
