ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

USA Truck Selects Nikola & Thompson Truck Centers

Partnership accelerates ESG initiatives for zero-emissions vehicles

NASHVILLE, TN / ACCESSWIRE / January 5, 2022 / USA Truck Inc. (Nasdaq:USAK) has entered into a Letter of Intent (LOI) for an initial purchase of 10 Nikola Tre BEV trucks from Thompson Truck Centers, a member of the Nikola Corporation (Nasdaq:NKLA) sales and service dealer network. Nikola is a leading designerand manufacturer of heavy-duty commercial battery-electric vehicles (BEV), fuel-cell electric vehicles (FCEV), and energy infrastructure solutions.

The LOI between USA Truck Inc. and Thompson Truck Centers is a "fleet-as-a-service" model where Thompson will provide sales, service, maintenance, and energy infrastructure required to operate the Nikola Tre BEV trucks, expected to be delivered in the first half of 2022. The agreement also includes the option to purchase an additional 90 Nikola zero-emission trucks over the next two years.

USA Truck Inc. is a leading capacity solutions provider headquartered in Van Buren, Arkansas. With more than 2,000 driving team members, USA Truck Inc. is regarded as one of the nation's largest over-the-road truckload carriers and brokers, providing capacity solutions to a broad customer base throughout North America. USAT Capacity Solutions brand is recognized as a top carrier and broker by the Commercial Carrier Journal (CCJ) and Transport Topics.

"USAT Capacity Solutions has become a leader in our industry by partnering with technology companies that bring innovative solutions to our customers and drivers while improving the lives of everyone who connects with our company. The partnership with Nikola and Thompson advances our critically important ESG initiatives and further demonstrates our commitment to sustainability now andin the future," states James Reed, President and CEO of USA Truck Inc.

"USA Truck's first battery-electric truck order is a testament to their dedication of adding zero- emission vehicles to their fleet by partnering with Nikola and Thompson," states Mark McDonell, COO at Thompson. "We are excited to collaborate with USA Truck as they initiatetheir adoption of a sustainable transportation fleet."

"We are excited to partner with USA Truck and our dealer, Thompson, in delivering a comprehensive heavy-duty truck solution using zero-emissions electric drive battery-powered technology," says Nikola President, Energy & Commercial, Pablo Koziner. "USA Truck is committed to advancing a more sustainable and efficient approach to transportation, and we are excited to integrate our Nikola Tre BEVs in their operations with market-leading support by Thompson."

Web resources:

ABOUT USA TRUCK

USA Truck provides comprehensive capacity solutions to a broad and diverse customer base throughout North America. Our Trucking and USAT Logistics divisions blend an extensive portfolio of asset and asset-light services, offering a balanced approach to supply chain management, including customized truckload, dedicated contract carriage, intermodal, and third-party logistics freight management services. For more information, visit usa-truck.com or call 800-643-2530.

ABOUT NIKOLA CORPORATION

Nikola Corporation is globally transforming the transportation industry. As a designerand manufacturer of zero-emission battery-electric and hydrogen-electric vehicles,

electric vehicle drivetrains, vehicle components, energy storage systems, and hydrogenstation infrastructure, Nikola is driven to revolutionize the economic and environmental impact of commerceas we know it today.Founded in 2015, Nikola Corporation is

headquartered in Phoenix, Arizona. For more information, visit www.nikolamotor.com or Twitter @nikolamotor.

ABOUT THOMPSON TRUCK CENTERS

Thompson Truck Centers, a subsidiary of Thompson Machinery, traces its roots back to 1944 when the Thompson family operated a GMC Truck Dealership. The company had gained a reputation for providing excellent service in support of sales, which allowed Thompson toexpand its operations and become a leading construction equipment dealer. Today, Thompson Truck Centers continues to service and repair all makes and models of medium and heavy-duty trucks. As technology evolves, Thompson is leading the way to help its customers achieve a zero-emission future. For more information, please visit www.ThompsonTC.com.

For more information about this press release, contact:

Brette Shelley
Director of Marketing
Thompson Machinery Commerce Corporation
615-259-5827
brette.shelley@tmcat.com

SOURCE: USA Truck, Inc.



View source version on accesswire.com:
https://www.accesswire.com/681087/USA-Truck-Selects-Nikola-Thompson-Truck-Centers

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.