{"id":159212,"date":"2026-09-04T05:36:06","date_gmt":"2026-09-04T05:36:06","guid":{"rendered":"https:\/\/www.europesays.com\/dk\/159212\/"},"modified":"2026-09-04T05:36:06","modified_gmt":"2026-09-04T05:36:06","slug":"former-current-usa-truck-execs-acquire-tl-carrier-from-dsv-2","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/dk\/159212\/","title":{"rendered":"Former, current USA Truck execs acquire TL carrier from DSV"},"content":{"rendered":"\n

Arkansas-based truckload carrier, USA Truck<\/a>, has been acquired by a group of its current and former leaders from Danish freight forwarder DSV. <\/p>\n

Financial terms of the transaction, which closed on Friday, were not disclosed. <\/p>\n

The group includes current CEO George Henry and Zachary King, its former chief financial officer. Henry will continue to lead the day-to-day operations, with King stepping back in as the acting CFO. James Reed, former USA Truck CEO, is part of the group and will act in an advisory capacity. <\/p>\n

Reed is currently the chairman of autonomous trucking company Kodiak AI and is an operating partner at private equity firm Banner Capital. <\/p>\n

The three acquired USA Truck under an Arkansas-based entity called UTAC, LLC. The change to private domestic ownership will provide the company with additional flexibility to pursue growth. <\/p>\n

“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,” Henry said in a news release. “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.” <\/p>\n

DSV announced in October that it was shopping USA Truck<\/a>, which it picked up when it acquired DB Schenker. The Danish forwarder said the asset-based operation no longer fit with its mostly asset-light offering. (Schenker acquired USA Truck<\/a> for $435 million in 2022.) <\/p>\n

The Schenker acquisition capped a turnaround at USA Truck. It was operating at a loss during the 2019 freight recession and early on in the pandemic. The company decided to cull the fleet by 10%, which helped improve asset utilization and reduce its reliance on the spot market. <\/p>\n

The carrier returned to profitability by the back half of 2020. It posted an 87% adjusted operating ratio in its TL segment in the 2022 first quarter (the last period reported before the transaction was announced). It also reduced debt leverage from more than 4 times adjusted EBITDA to 1.7 times. <\/p>\n

The carrier currently operates a fleet of 1,800 trucks and 6,000 trailers. It also touts an expansive logistics offering. <\/p>\n

“To our phenomenal employees and customers, who have been steadfast partners throughout this journey, I am eternally indebted,” said Henry. “Welcome home, USA Truck!” <\/p>\n

More FreightWaves articles by Todd Maiden:<\/a> <\/p>\n

The post Former, current USA Truck execs acquire TL carrier from DSV<\/a> appeared first on FreightWaves<\/a>. <\/p>\n","protected":false},"excerpt":{"rendered":"Arkansas-based truckload carrier, USA Truck, has been acquired by a group of its current and former leaders from…\n","protected":false},"author":2,"featured_media":159213,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[273],"tags":[9471,438,1275,282,1414,4007,4002,4003,9472,1963,4004,373,9473,9474,5039,504,1988,950,4005,4006,771,9475,1537,9476],"class_list":["post-159212","post","type-post","status-publish","format-standard","has-post-thumbnail","category-dsv","tag-401k","tag-business","tag-business-news","tag-dsv","tag-economy","tag-finance","tag-financial-information","tag-investing","tag-investment-tools","tag-investor","tag-market-news","tag-mortgage","tag-mutual-funds","tag-personal-finance","tag-quote","tag-real-estate","tag-retirement","tag-stock","tag-stock-research","tag-stock-valuation","tag-stocks","tag-suze-orman","tag-tax","tag-track-portfolio"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@dk\/117211154753423598","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/posts\/159212","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/comments?post=159212"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/posts\/159212\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/media\/159213"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/media?parent=159212"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/categories?post=159212"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/tags?post=159212"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}