VAN BUREN, Ark. and STERLING, Va., Jan. 18, 2011 /PRNewswire/ -- USA Truck, Inc. (Nasdaq: USAK) announced today that it has chosen SkyBitz® for its trailer tracking technology – the Gemini GLS400 mobile terminals plus cargo sensors. The Company expects the new technology to contribute to more efficient asset utilization across its fleet, improve customer satisfaction through better asset allocation and load visibility and enhance load security. The trailer tracking technology is expected to be installed over time on more than 6,000 trailers beginning during the first quarter of 2011. This technology is designed to provide managers the ability to view trailer assets in real-time and run customizable management and operational reports for each trailer in their fleet. The Company expects to be able to automatically download all of the positioning data into its own truckload management software and fully integrate with SkyBitz.
Cliff Beckham, USA Truck's President and CEO said, "With SkyBitz's trailer tracking technology, we expect better visibility of our fleet and the status of our trailers. We were looking for more real-time data to help us improve customer service and equipment utilization while reducing unnecessary headaches for our drivers. With more precise and real-time metrics on trailers, we should be able to operate with a more efficient trailer-to-tractor ratio than we would otherwise. Our decision to purchase this trailer tracking technology is another example of how we are implementing our VEVA long-term strategic plan to control costs and boost return on invested capital."
"As supply chain efficiency increasingly drives corporate decisions and fuel costs are rising, forward looking companies like USA Truck are making investments in technology solutions to stay ahead of the curve," said Homaira Akbari, President and CEO of SkyBitz. "We are pleased to partner with USA Truck in implementing asset management solutions."
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," "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 forward-looking events and circumstances discussed in this press release might not occur.
All forward-looking statements attributable to us, or persons acting on our behalf, are expressly qualified in their entirety by this cautionary statement.
References to the "Company," "we," "us," "our" and words of similar import refer to USA Truck, Inc. and its subsidiary.
About USA Truck, Inc.
USA Truck is a dry van truckload carrier transporting general commodities via our General Freight and Dedicated Freight service offerings. We transport commodities throughout the continental United States and into and out of portions of Canada. We also transport general commodities into and out of Mexico by allowing through-trailer service from our terminal in Laredo, Texas. Our Strategic Capacity Solutions and Intermodal operating segments provide customized transportation solutions using our technology and multiple modes of transportation including our assets and the assets of our partner carriers.
This press release and related information will be available to interested parties at our web site, http://www.usa-truck.com under the "News Releases" tab of the "Investors" menu.
About SkyBitz, Inc.
SkyBitz offers global remote asset management solutions, providing real-time information on the location and status of assets. More than 700 enterprises rely on SkyBitz technology to achieve total asset visibility, improved security, lower operating and capital expenses, and enhanced customer service. SkyBitz delivers its solution via SkyBitz Insight, a secure web-based application that is fully customizable and requires no software downloads. SkyBitz is a privately held company backed by CIBC Capital Partners, Highstar Capital, Inverness Graham Investments, Motorola Ventures and ITV, a fund of Cordova Ventures. For additional information, visit www.skybitz.com.
SOURCE USA Truck, Inc.; SkyBitz, Inc.
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