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DB Schenker Announces Acquisition of USA Truck

Adding approximately a 1,900-unit fleet of trucks, 2,100 employees.

June 24, 2022
DB Schenker Announces Acquisition of USA Truck

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This post is also available in: Spanish

Today we announced that DB Schenker would purchase USA Truck (NASDAQ: USAK), a leading capacity solutions provider. Under the agreement DB Schenker will acquire all outstanding shares of USA Truck common stock for $31.72 per share in cash. The transaction values USA Truck at approximately $435 million, including assumed cash and debt.

The combination advances our shared vision to become the premier North American transportation solutions provider. Upon completion of the transaction, DB Schenker aims to strengthen and expand USA Truck’s presence in North America, while leveraging our existing complementary international logistics expertise, air transport services and ocean gateways to benefit USA Truck’s existing customer base. Building upon USA Truck’s existing U.S. and Mexico freight network, we also intend to expand its global logistics leadership position across land, air, and ocean transportation services, as well as comprehensive solutions for logistics and global supply chain management.

Founded in 1983, USA Truck provides comprehensive capacity solutions to a diverse North American customer base, including more than 20% of the Fortune 100. USA Truck’s approximately 1,900-unit fleet of trucks, 2,100 employees, partnerships with more than 36,000 active contract carriers, strategic network of terminals across the Eastern half of the United States and a nationwide third-party logistics presence provides capacity solutions to meet the evolving demands of both regional and national customers. The acquisition of USA Truck is in line with DB Schenker’s M&A strategy of achieving growth through acquisitions in the North American land transport market.

“USA Truck is the perfect match for DB Schenker’s strategic ambition to expand our network in North America and foster our position as a leading global logistics provider,” said Jochen Thewes, CEO of DB Schenker. “In our 150th anniversary year, we are pleased to welcome one of the leading trucking and logistics providers to DB Schenker. Together we will enhance our shared value proposition and invest in exciting growth opportunities and sustainable logistics solutions for new and existing clients.”

Joe Jaska, DB Schenker’s Executive Vice President Land Transport, Americas Region commented, “USA Truck’s success is due to their professional drivers and non-driver employees – all which are critical to future growth. As part of a larger organization with DB Schenker, USA Truck employees will have access to career opportunities at both the local and global level. We look forward to welcoming them as an integral part of our team.”

Link to Press Release

Tags: #DBSchenker#M&A#supplychainLogistics
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