Yellow Freight: Usa Trucking

usa trucking

USA Truck (NASDAQ:USAK)’s share price reached a new 52-week high during trading on Monday , Analyst Ratings.Net reports. The stock traded as high as $23.67 and last traded at $23.19, with a volume of 37,273 shares. The stock had previously closed at $23.35. A New York-based hedge fund has put USA Truck Inc. back in the crosshairs, calling on the company to overhaul its management and divest assets less than a year after the transport firm was subject to a hostile takeover offer. ADW Capital Partners LP in a Truckload carrier USA Truck has filed a breach of contract lawsuit against Knight Transportation, claiming Knight used USA Truck's confidential information to begin what it calls a “creeping hostile acquisition” of the Arkansas-based fleet. The action USA Truck Inc. (NASDAQ:USAK) rose 50% this past month on attempts by Knight Transportation (NYSE:KNX) to take over the company by buying outstanding shares for $9.00 per share. This wasn't the first attempt by another trucking company to acquire the assets PHOENIX — Knight Transportation said in a statement issued over the weekend that USA Truck was wasting its own shareholders resources pursuing a claim that Knight Transportation had improperly used USA Trucks’ confidential information to begin a Knight Transportation (No. 25 on the Top 250) announced this week it has ended its pursuit to buy USA Truck (No. 44 on the CCJ Top 250) as part of a settlement reached between the two parties in a lawsuit filed by USA Truck in October to end Knight’s .

VAN BUREN, AK--Sept. 26, 2013: USA Truck, Inc. , a leading truckload transportation company, today said its Board of Directors had previously reviewed Knight Transportation's unsolicited proposal with USA Truck's management team and financial and legal Dear Members of the Board of Directors, As shareholders of almost 3% of USA Truck, Inc. USAK, -3.82% we are very concerned about USA Truck’s current direction. We acknowledge USA Truck has seen appreciation in its shares from late 2012 when USA Truck (Van Buren, Arkansas) - USA Truck has announced its next step in continuing its support for military veterans will be a new promotion on its Recruiting Facebook page to benefit the Intrepid Fallen Heroes Fund from now until midnight July 4, 2013. The Van Buren, Ark.-based company said the hires are a direct result of more customer demand in the area, according to a report on TheTrucker.com. ArkansasBusiness.com reports USA Truck is transitioning its West Memphis operation to a full-service terminal .

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