Highly Accomplished Transportation and Logistics Executive Appointed to Further Drive Earnings Gains
USA Truck, Inc. (NASDAQ:USAK), a leading capacity solutions provider
headquartered in Van Buren, AR, today announced changes in its executive
leadership team, including the appointment of John (“Randy”) R. Rogers
as president and chief executive officer effective January 14, 2016. Mr.
Rogers succeeds Thomas Glaser, who will remain on the Board and has been
appointed vice chairman. Mr. Glaser will work closely with the Company’s
executive team and staff to facilitate the transition.
USA Truck Chairman Robert A. Peiser commented, “Randy is a highly
accomplished transportation and logistics executive with an impressive
track record in one of the world’s top logistics companies. During his
two decades in the industry, he has managed complex and integrated
logistics businesses, key geographies and multiple industry sectors,
successfully executing the strategic priorities for each of the
businesses he has led and putting them on a sound growth track. With
Randy’s extensive experience in logistics and Martin Tewari in place as
President - Trucking, USA Truck is well positioned to move forward in
executing its business strategy. Our goal will be to drive revenue and
market share growth in SCS, the Company’s asset-light brokerage
business, while continuing the many improvements we have made in our
Trucking operations, with a sharp focus on optimizing return on invested
capital in both businesses.”
Mr. Rogers, age 53, was previously president of Energy and Chemicals
Americas for DHL Supply Chain (formerly Exel Logistics). In that
capacity, he was responsible for three sub-segments – energy and mining,
polymers and specialty chemicals, with operations spanning the U.S. and
Canada. He joined DHL Supply Chain in 2000 and during his tenure held a
number of regional leadership roles in operations, including vice
president of South America, senior vice president of Greater China, and
CEO of Southern Europe. In addition to developing new contract logistics
businesses both organically and through acquisitions, Mr. Rogers worked
closely with trucking operations and other transportation modes.
Prior to joining DHL Supply Chain, a wholly owned entity of Deutsche
Post DHL Group, one of the world’s leading international logistics
groups, Mr. Rogers was country manager for CSX Transportation’s Mexican
subsidiary CSX de Mexico S.A. DE CV and manager, international
marketing, railroad for CSX Transportation, Inc. (a Class I railroad).
He earned a B.S., Economics from Pennsylvania State University and an
M.B.A., International Management from the Middlebury Institute of
International Studies at Monterey.
Mr. Peiser continued, “We are grateful to Tom Glaser, who came out of
retirement to lead USA Truck when the Company’s former CEO left for
health reasons in mid-2015. Our Company was very fortunate to have
someone with extensive trucking industry experience and familiarity with
USA Truck’s operations available to assume the leadership position. He
re-energized our turnaround and accomplished a substantial restructuring
of our Trucking operations in the process creating a sustainable
platform for that business. We look forward to continuing the direction
Tom established for Trucking under Martin Tewari’s leadership. Tom’s
ongoing involvement as vice chairman will ensure continuity and a smooth
transition.”
Mr. Glaser remarked, “I have had the privilege of working with USA Truck
in a variety of capacities since mid-2012. Following on the return to
profitability in 2014, we have taken further steps towards achieving a
Trucking operating ratio in line with the industry. These included
recruiting new operational leadership and implementing initiatives to
right-size the fleet and to improve operational efficiency and customer
service. With a strong foundation in place, we believe USA Truck is well
positioned to advance to the next generation of leadership and place
greater emphasis on growing the Company’s asset-light business. I look
forward to my continuing role as vice chairman of the board.”
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.
