Earlier this month, Van Buren, Ar.-based truckload and logistics services provider USA Truck said it is now operating again under private ownership.
This announcement comes on the heels of previous USA Truck owner DSV’s sale of USA Truck to Arkansas-based private entity UTA, LLC. USA Truck was acquired by Essen, Germany-based global 3PL DB Schenker in September 2022 and DB Schenker was subsequently acquired by Denmark-based global 3PL DSV in April 2005.
USA Truck officials said that returning to private ownership based in Arkansas reinforces its identity as a U.S.-based carrier, with deep regional roots, strong, values, and a long-term commitment to customers, employees, and partners.
“I want to start by expressing my sincere gratitude to DSV for their engagement since the acquisition of DB Schenker and unwavering support throughout this process,” said George Henry, CEO of USA Truck. “The extensive knowledge and global supply chain insights gained under two of the world’s leading freight forwarders are now a permanent part of our operational DNA. We are excited to have USA Truck return to U.S. based ownership in the great state of Arkansas, where our legacy first laid out roots. We will continue the four-decade legacy built by our founder, a U.S. Naval Aviator, now fortified by unparalleled global expertise and market solidification. To our phenomenal employees and customers, who have been steadfast partners throughout this journey, I am eternally indebted. Welcome home, USA Truck!”
The company added that the move to private ownership allows USA Truck to operate with greater speed, flexibility, and focus, prioritizing customer relationships, service reliability, and disciplined growth. And it added that USA Truck remains financially strong and well-positioned to build upon its reputation as a trusted transportation partner.
USA Truck noted that its new ownership group, UTA, LLC, is led by a trio that know the company well, including CEO Henry; Zachary King, former USA Truck CFO, whom will support the transition of the business as acting CF; and James Reed, former USA Truck CEO, and Chairman, Kodiak Robotics & Loram, and Operating Partner, Banner Capital. Reed will support Henry and the business in an advisory capacity.
Established in 1983, USA Truck provides capacity-based services for its North American book of business, which includes more than 20% of the Fortune 100. It has an 1,800-truck fleet, 6,000 trailers and what it called an expansive logistics offering. The company operates as an asset-based transportation provider, serving North American shippers, from Fortune 100 companies to regional family businesses.
