USA Truck Announces Rail Intermodal Container Service
VAN BUREN, Ark., Aug. 18 /PRNewswire-FirstCall/ -- USA Truck, Inc. (Nasdaq: USAK) announced today that it has entered into a long-term agreement with BNSF Railway to move private 53' domestic intermodal containers. USA Truck, which moved its first rail intermodal load in December 2007, experienced year-over-year intermodal revenue growth of 69% in 2009 and 50% during the first half of 2010. The majority of that revenue was derived from trailer-on-flat-car service. The addition of private containers offers the Company an opportunity to continue its growth in the intermodal marketplace and to continue to offer our customers additional transportation solutions.
"We believe these private containers will provide a much-needed additional source of environmentally friendly and cost-efficient capacity to our customers, and an additional avenue for us to further diversify our business model," stated Cliff Beckham, the Company's President and Chief Executive Officer.
The Company will make the private containers available to its customers immediately.
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. These statements generally may be identified by their use of terms or phrases such as "expects," "estimates," "anticipates," "projects," "believes," "plans," "goals," "intends," "may," "will," "should," "could," "potential," "continue," "future," and terms or phrases of similar substance. Forward-looking statements 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 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. 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 events and circumstances discussed in the forward-looking statements might not occur.
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