DSV seeks to sell USA Truck

Core Insights - DSV plans to divest its USA Truck business, indicating a shift in ownership for the Arkansas-based carrier [1][2] - The divestment is part of a strategic review due to USA Truck's weak performance and ongoing financial losses [3][4] Company Overview - DSV's Group CFO Michael Ebbe confirmed the divestment during an earnings call, stating that USA Truck is the only asset being discontinued [1] - As of March, USA Truck operated over 2,250 power units [2] Financial Performance - DSV reported a net loss of DKK 90 million (approximately $14 million USD) for its Schenker U.S. road operations [2] - The acquisition of USA Truck in 2022 has not yielded positive financial results, with ongoing losses since the acquisition [4] Market Context - The freight market is experiencing a recession, leading to low rates and volumes, which are impacting carriers across the industry [4] - Rising operational costs, including insurance, are contributing to financial difficulties, prompting some carriers to file for bankruptcy or exit the market [4]