{"id":2610,"date":"2026-02-07T06:06:22","date_gmt":"2026-02-07T06:06:22","guid":{"rendered":"https:\/\/www.europesays.com\/dk\/2610\/"},"modified":"2026-02-07T06:06:22","modified_gmt":"2026-02-07T06:06:22","slug":"former-current-usa-truck-execs-acquire-tl-carrier-from-dsv","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/dk\/2610\/","title":{"rendered":"Former, current USA Truck execs acquire TL carrier from DSV"},"content":{"rendered":"<p>Arkansas-based truckload carrier, <a href=\"https:\/\/www.usa-truck.com\/\" target=\"_blank\" rel=\"nofollow noopener\">USA Truck<\/a>, has been acquired by a group of its current and former leaders from Danish freight forwarder DSV.<\/p>\n<p>Financial terms of the transaction, which closed on Friday, were not disclosed.<\/p>\n<p>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<p>Reed is currently the chairman of autonomous trucking company Kodiak AI and is an operating partner at private equity firm Banner Capital.<\/p>\n<p>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<p>\u201cI 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,\u201d Henry said in a news release. \u201cThe extensive knowledge and global supply chain insights gained under two of the world\u2019s leading freight forwarders are now a permanent part of our operational DNA.\u201d<\/p>\n<p>DSV announced in October that <a href=\"https:\/\/www.freightwaves.com\/news\/usa-truck-goes-back-on-the-market\" rel=\"nofollow noopener\" target=\"_blank\">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 <a href=\"https:\/\/www.freightwaves.com\/news\/done-deal-usa-truck-now-part-of-db-schenker\" rel=\"nofollow noopener\" target=\"_blank\">acquired USA Truck<\/a> for $435 million in 2022.)<\/p>\n<p>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<p>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<p>The carrier currently operates a fleet of 1,800 trucks and 6,000 trailers. It also touts an expansive logistics offering. <\/p>\n<p>\u201cTo our phenomenal employees and customers, who have been steadfast partners throughout this journey, I am eternally indebted,\u201d said Henry. \u201cWelcome home, USA Truck!\u201d<\/p>\n<p><a href=\"https:\/\/www.freightwaves.com\/news\/author\/toddmaiden\" target=\"_blank\" rel=\"nofollow noopener\">More FreightWaves articles by Todd Maiden:<\/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&hellip;\n","protected":false},"author":2,"featured_media":2611,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[273],"tags":[1833,282,2898,2899,2675],"class_list":["post-2610","post","type-post","status-publish","format-standard","has-post-thumbnail","category-dsv","tag-db-schenker","tag-dsv","tag-tl-carriers","tag-transportation-ma","tag-usa-truck"],"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/posts\/2610","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=2610"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/posts\/2610\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/media\/2611"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/media?parent=2610"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/categories?post=2610"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/tags?post=2610"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}