Appointment of Longtime Industry Executive with Strong Financial Background Deepens Revamped Leadership Team
USA Truck Inc. (Nasdaq:USAK), a leading capacity solutions provider
headquartered in Van Buren, Arkansas, announced today that Jason Bates
has joined its leadership team as Executive Vice President and Chief
Financial Officer. Mr. Bates joins USA Truck from Swift Transportation
Company, where he had served as Vice President of Finance, Revenue
Services and Investor Relations Officer since 2010.
“Jason is an extraordinary financial executive with a strong track
record with one of the largest and most sophisticated companies in our
industry,” said USA Truck President and CEO James Reed. “Among my
immediate objectives as CEO has been assembling leaders who embrace the
intensity and accountability necessary to improve the Company’s
financial performance and enhance shareholder value. Jason not only
embodies all of those qualities, he brings an outstanding reputation in
our industry and immediately strengthens our leadership team by bringing
the credibility and experience to make us better every day. We look
forward to his influence and contributions to our success as we work
toward improving company profitability.”
Prior to his most recent role at Swift, Mr. Bates served as the
company’s Vice President and Assistant Treasurer. Mr. Bates started at
Swift in 2003 and previously served in financial leadership roles
including: responsibility for financial forecasting, planning and
analysis, business analytics, strategic reporting, business
intelligence, data analytics, treasury and investor relations. Prior to
Swift, he served in a variety of finance and accounting leadership roles
for Honeywell International. Mr. Bates earned a Bachelor of Science
degree in business from Brigham Young University and an MBA from Arizona
State University.
Mr. Bates joins Mr. Reed and Jim Craig, chief commercial officer and
president of USAT Logistics, as recently appointed members of USA
Truck’s leadership team. The company also announced that it has recently
hired Cheryl Stone as its SVP-Human Resources. Ms. Stone most recently
served as Chief Administrative Officer for Consolidated Technology
Services, and previously was Vice President for Global Human Resources &
Administration for Tri Marine International. Mr. Reed said, “Cheryl adds
significant depth to our efforts to ensure the high-performance culture
we are creating takes hold. Her experience in the marine business which,
similar to our industry, operates with thousands of remote team members,
provides a great framework for understanding and improving the
challenges inherent in a transportation company the size of USA Truck.”
Mr. Reed said, “We are making real progress in creating one of the best
teams in transportation and look forward to adding other executives to
that team soon.”
About USA Truck
USA Truck provides comprehensive capacity solutions to a broad and
diverse customer base throughout North America. Our Trucking and USAT
Logistics divisions blend an extensive portfolio of asset and
asset-light services, offering a balanced approach to supply chain
management including customized truckload, dedicated contract carriage,
intermodal and third-party logistics freight management services. For
more information, visit usa-truck.com or usatlogistics.com.