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TRUCKING INDUSTRY NEWS * USA
* USA Truck slashes costs to turn 4Q profit
New York,NY,USA -Associated Press/FORBES -29 Jan 09: -- USA Truck Inc. said Thursday it swung to a profit in the fourth quarter by slashing costs to offset collapsing demand for its freight shipping services... In an effort to protect its bottom line, USA Truck cut its fleet size by 10 percent, or 250 tractors... For full-year 2008 the company reported net income of $3.1 million, or 31 cents per share, compared with $140 million, or one cent per share, in 2007. Revenue grew to $535 million from $482 million... * Arkansas Best trucking company to trim more jobs
Fort Smith,ARK,USA -Associated Press/FORBES -29 Jan 2009: -- Arkansas Best Corp. trucking company says it will lay off 350 people, in addition to the 1,100 workers it let go last year... The Fort Smith-based company said Thursday it has cut its work force by 18 percent overall. The company says it has reduced its fleet by 14 percent in road tractors and 9 percent in trailers, with further reductions to come...Labels: trucking industry news USA
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