Transport Topics (June 27, 2022)
USA Truck announced Friday it is being acquired by DB Schenker in a $435 million deal. Under the terms of the agreement, DB Schenker is acquiring all outstanding common stock in USA Truck. All USA Truck cash and debt is included in the price. The stock being acquired is valued at $31.72 per share. The USA Truck board of directors unanimously approved the deal, but it\u2019s still subject to regulatory reviews and approvals. USA Truck ranks No. 57 on the Transport Topics Top 100 list of the largest for-hire carriers in North America, while DB Schenker (North America) ranks No. 24 on the TT Top 100 list of the largest logistics companies in North America.\nLearn more about your ad choices. Visit podcastchoices.com/adchoices