Deep Experience in Logistics and Transportation Anticipated to Accelerate Asset Light Growth while Expanding Offerings and Value to Customers
USA Truck, Inc. (NASDAQ:USAK), a leading capacity solutions provider
headquartered in Van Buren, AR, announced today the appointment of James
Craig to the newly created position of President – Strategic Capacity
Solutions (SCS), effective February 15, 2016. Mr. Craig will be
responsible for the Company’s logistics and brokerage operations,
pricing, and sales, and will report to USA Truck President and CEO Randy
Rogers.
Mr. Craig, who has more than three decades of experience in the
logistics and transportation industry, joins USA Truck from Berkshire
Hathaway’s BNSF Logistics, LLC, where he served as chief marketing
officer since 2012. In that capacity, he was responsible for business
development, customer solutions and marketing activities across BNSF
Logistics’ worldwide organization.
Prior to joining BNSF, Mr. Craig, age 56, held a series of executive
positions, including senior vice president, corporate sales and
marketing, for Yusen Logistics, a global leader in logistics, freight,
forwarding and supply chain management. He began his career in logistics
and transportation with Con-way Truckload in 1983, serving in a variety
of positions with increasing responsibility for more than nine years.
Mr. Rogers commented, “Jim brings a wealth of experience in business
development, customer solutions, operations and planning from his
previous roles in top-tier logistics companies. He has consistently
built high-performing teams as well as carrier and customer
relationships. During his tenure at BNSF Logistics, he played a key role
in growing its asset-light business nearly threefold through both
organic growth and acquisitions.
“Additionally, with his firsthand experience in the trucking industry,
Jim shares my conviction that the trucking and brokerage businesses can
serve as a valuable complement to each other. I look forward to Jim’s
contributions to driving growth in SCS, expanding our offerings beyond
the dry van freight segment that is our current focus, and realizing
more fully the synergies that USA Truck’s trucking and logistics
businesses can achieve.”
Mr. Craig earned a B.B.A. in Marketing from Western Washington
University.
Robert A. Peiser, USA Truck’s chairman, commented, “With the appointment
of Jim Craig to his leadership position at SCS, following Randy’s recent
appointment and other additions to our management team implemented by
Tom Glaser in the last six months, we now have an extremely strong team
that we believe can execute on our strategy of improving our Trucking
division, growing our profitable asset-light business into an even more
important segment of the combined Company, and investing our cash flow
in a manner that will best enhance shareholder value.
“On behalf of the entire board, I would also like to thank Mike Weindel,
who will be leaving the Company and his position as executive vice
president, SCS for his many years of service to USA Truck. Mike helped
us build a high-performing team, an efficient network of offices, and a
strong foundation from which to grow our customer base.”
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.
