USA Truck Inc. of Van Buren on Monday announced a net loss of $4.4 million, or 42 cents per share, for the quarter ended Dec. 31, 2011, compared with a net loss of $1.8 million, or 17 cents per share, for fourth-quarter 2010.
The company blamed the loss on a lack of progress on volume and pricing.
USA Truck (Nasdaq: USAK) reported an increase in fourth-quarter net revenue, to $126.2 million compared with $122.1 million in fourth-quarter 2010.
For the year, total revenue rose to $519.4 million compared with $460.1 million in 2010, but the company posted a net loss of $10.8 million last year compared with a net loss of $3.3 million in 2010.
Cliff Beckham, president and CEO, called the financial results disappointing.