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August 25, 2014
14:57 EDTUSAKADW Capital acquires 3% stake in USA Truck, seeks strategy review to boost value
ADW Capital Partners, the owner of nearly 3.0%, of USA Truck (USAK), sent a letter to the company’s board urging the board to take a multi-step approach to unlock shareholder value at the company. In the letter, ADW says that the price appreciation in the company's stock since late 2012 is due to Knight Transportation's (KNX) hostile bid for the company and not because of any turnaround initiatives that may have been put into place once the CEO was replaced and the board was restructured in 2012. ADW said in the letter, "We believe USA Truck’s board should explore all available strategic alternatives which should include a complete replacement of management and divisional leadership, an operational restructuring plan to align segment fixed costs with segment revenues, a full and/or partial sale of its truckload division, a sale or spinoff of USA Truck’s SCS division, and/or a sale of USA Truck in its entirety."
News For USAK From The Last 14 Days
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July 7, 2015
09:09 EDTUSAKCowen freight analyst holds an analyst/industry conference call
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June 23, 2015
14:15 EDTUSAKKnight Transportation lowers stake in USA Truck to 6.8% from 8.0%
Knight Transportation sold, in a series of open market transactions, an aggregate of 119,419 shares between April 1 and June 18 in order to realize a return on their investment in USA Truck. As Knight Transportation has previously indicated, Knight Transportation may continue to own shares in USA Truck and will continue to consider its options in the future regarding its investment in USA Truck.

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