- USA Truck (NASDAQ:USAK) reports fuel surcharge revenue dropped 38% Y/Y to $17.42M.
- Total miles fell 5.6% to 50.592M in Q1.
- Base revenue per seated tractor per week was up 5.4% to $3.19K.
- Fuel expenses were 45.5% lower at $17.978K.
- The company's gross margin slipped 20 bps to 17.4%.
- Previously: USA Truck beats by $0.12, misses on revenue