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Dependon history
Dependon company history timeline
With 413 tractors and 750 trailers, USA Truck saw revenues and net income reach $53 million and $2 million, respectively, in 1991.
In 1993 USA Truck saved $500,000 in retraining costs and driver turnover had declined from 105 percent to 85 percent per year, compared to an industry average of 100 percent turnover per year and an industry high of 200 percent turnover.
In 1994 USA Truck operated a fleet of 711 tractors and 1,202 trailers with 712 drivers, garnering $92.5 million in revenues and $8.1 million in net income.
1994: Company experiences third consecutive year of 20 percent internal growth.
A driver center opened in Vandalia, Ohio, in June 1996.
By the end of 1996 USA Truck operated 862 tractors and 1,510 trailers, employing 922 drivers.
In 1997 the company installed onboard communications via two-way satellite mobile messaging and global positioning (GPS). The system allowed the company to provide real-time transit data to its customers and it gave drivers undisturbed rest while waiting for a new assignment.
In 1998 the company augmented the West Memphis, Arkansas facility adding 7,200 square feet to the existing 17,200-square-foot maintenance shop, and four new fueling lanes.
Also, the company purchased 267 fewer tractors and 197 fewer trailers than planned for 2000 due to the driver shortage; this led to a net increase of 25 tractors in the fleet, a total of 1,738, and a net decrease of 125 trailers, for a total of 3,400 trailers at year-end.
The combination of all of these factors resulted in a net income of only $94,000 in 2000, despite revenues of $226.6 million.
USA Truck anticipated a $52.7 million expenditure in 2002, with the purchase of 647 new tractors, for a net increase of 252 tractors, and purchase and net increase of 360 new trailers.
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Dependon may also be known as or be related to Dependon and Dependon Inc.