----

| [  X  ] | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|-----------------------------|-----------------------------------------------------------------------------------------|

| [      ] | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|----------------------------------------|------------------------------------------------------------------------------------------|

|   | USA TRUCK, INC.                                        |   |
|--------|--------------------------------------------------------|--------|
|   | (Exact Name of Registrant as Specified in Its Charter) |   |

| Delaware                                                       |   | 71-0556971                           |
|----------------------------------------------------------------|--------|--------------------------------------|
| (State or other jurisdiction of incorporation or organization) |   | (I.R.S. employer identification no.) |
|                                                           |   |                                 |

| 3200 Industrial Park Road                |   |       |
|------------------------------------------|--------|------------|
| Van Buren, Arkansas                      |   | 72956      |
| (Address of principal executive offices) |   | (Zip code) |

|   |                                                                               | (479) 471-2500                                             |   |
|--------|------------------------------------------------------------------------------------|------------------------------------------------------------|--------|
|   |                                                                               | (Registrant’s telephone number, including area code) |   |
|   | Not applicable                                                                     |                                                       |   |
|   | (Former name, former address and former fiscal year, if changed since last report) |                                                       |   |

----

|     |   | USA TRUCK, INC.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |     |
|----------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------|
|     |   | TABLE OF CONTENTS                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |     |
|     |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |     |
| Item No. |   | Caption                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   | Page     |
| 1.       |   | Financial Statements                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |     |
|     |   | Consolidated Balance Sheets (unaudited) as of June 30, 2010 and December 31, 2009                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   | 3   |
|     |   | Consolidated Statements of Operations (unaudited) – Three Months and Six Months Ended June 30, 2010 and June 30, 2009                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   | 4   |
|     |   | Consolidated Statement of Stockholders’ Equity (unaudited) – Six Months Ended June 30, 2010                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   | 5   |
|     |   | Consolidated Statements of Cash Flows (unaudited) – Six Months Ended June 30, 2010 and June 30, 2009                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   | 6   |
|     |   | Notes to Consolidated Financial Statements (unaudited)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   | 7   |
| 2.       |   | Management’s Discussion and Analysis of Financial Condition and Results of Operations                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   | 16  |
| 3.       |   | Quantitative and Qualitative Disclosures about Market Risk                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   | 29       |
| 4.       |   | Controls and Procedures                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   | 29       |
|     |   | PART II – OTHER INFORMATION                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |     |
| 1.       |   | Legal Proceedings                                                                                                               |   | 30  |
| 1A.      |   | Risk Factors                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   | 30  |
| 2.       |   | Unregistered Sales of Equity Securities and Use of Proceeds                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   | 31  |
| 3.       |   | Defaults Upon Senior Securities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   | 31  |
| 4.       |   | (Removed and Reserved)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   | 31  |
| 5.       |   | Other Information                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   | 31  |
| 6.       |   | Exhibits                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   | 32  |
|     |   | Signatures                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   | 33  |

----

| ITEM 1. | FINANCIAL STATEMENTS |
|---------|----------------------|

| USA TRUCK, INC.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| CONSOLIDATED BALANCE SHEETS                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
| (UNAUDITED)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|         (in thousands, except share amounts)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      | June 30, |   | December 31, |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      | 2010 |   | 2009 |
| Assets                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |   |   |   |   |
| Current assets:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |   |   |   |   |
| Cash and cash equivalents                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 | $ | 3,021 |   | $ | 797 |
| Accounts receivable:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |   |   |   |   |
| Trade, less allowance for doubtful accounts of $477 in 2010 and $443 in 2009                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   | 45,789 |   |   | 37,018 |
| Income tax receivable                                                                                                                                                                   |   | -- |   |   | 10,498 |
| Other                                                                                                                                                                                   |   | 2,063 |   |   | 1,070 |
| Inventories                                                                                                                                                              |   | 1,858 |   |   | 1,541 |
| Deferred income taxes                                                                                                                                                    |   | -- |   |   | 962 |
| Prepaid expenses and other current assets                                                                                                                                |   | 12,060 |   |   | 7,931 |
| Total current assets                                                                                                                                                                    |   | 64,791 |   |   | 59,817 |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |   |   |   |   |
| Property and equipment:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |   |   |   |   |
| Land and structures                                                                                                                                                      |   | 33,947 |   |   | 33,819 |
| Revenue equipment                                                                                                                                                        |   | 369,314 |   |   | 364,087 |
| Service, office and other equipment                                                                                                                                      |   | 32,430 |   |   | 28,846 |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   | 435,691 |   |   | 426,752 |
| Accumulated depreciation and amortization                                                                                                                                                                                                                                                   |   | (162,036) |   |   | (156,331) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   | 273,655 |   |   | 270,421 |
| Other assets                                                                                                                                         |   | 471 |   |   | 462 |
| Total assets                                                                                                                                                                            | $ | 338,917 |   | $ | 330,700 |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |   |   |   |   |
| Liabilities and Stockholders’ Equity                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |   |   |   |   |
| Current liabilities:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |   |   |   |   |
| Bank drafts payable                                                                                                                                                      | $ | 4,640 |   | $ | 5,678 |
| Trade accounts payable                                                                                                                                                   |   | 14,545 |   |   | 9,847 |
| Current portion of insurance and claims accruals                                                                                                                                                                                                                                                                     |   | 4,280 |   |   | 4,356 |
| Accrued expenses                                                                                                                                                         |   | 11,027 |   |   | 9,008 |
| Note payable                                                                                                                                                             |   | 341 |   |   | 1,015 |
| Current maturities of long-term debt and capital leases                                                                                                                                                                                                                                                              |   | 17,232 |   |   | 63,461 |
| Deferred income taxes                                                                                                                                                    |   | 623 |   |   | -- |
| Total current liabilities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   | 52,688 |   |   | 93,365 |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |   |   |   |   |
| Long-term debt and capital leases, less current maturities                                                                                                                                                                                                                                                                          |   | 92,042 |   |   | 39,116 |
| Deferred income taxes                                                                                                                                |   | 50,941 |   |   | 53,073 |
| Insurance and claims accruals, less current portion                                                                                                  |   | 4,661 |   |   | 4,600 |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |   |   |   |   |
| Stockholders’ equity:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |   |   |   |   |
| Preferred Stock, $0.01 par value; 1,000,000 shares authorized; none issued                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   | -- |   |   | -- |
| Common Stock, $0.01 par value; authorized 30,000,000 shares; issued 11,828,456 shares in 2010 and 11,834,285 shares in 2009                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   | 118 |   |   | 118 |
| Additional paid-in capital                                                                                                                                               |   | 64,866 |   |   | 64,627 |
| Retained earnings                                                                                                                                                        |   | 95,427 |   |   | 97,523 |
| Less treasury stock, at cost (1,339,330 shares in 2010 and 1,332,500 shares in 2009)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   | (21,783) |   |   | (21,661) |
| Accumulated other comprehensive loss                                                                                                                                     |   | (43) |   |   | (61) |
| Total stockholders’ equity                                                                                                                                                        |   | 138,585 |   |   | 140,546 |
| Total liabilities and stockholders’ equity                                                                                                                                        | $ | 338,917 |   | $ | 330,700 |

----

| USA TRUCK, INC.                             |
|---------------------------------------------|
| CONSOLIDATED STATEMENTS OF OPERATIONS  |
| (UNAUDITED)                            |
|                                        |
|                                        | (in thousands, except per share data) |
|                                        | Three Months Ended |   | Six Months Ended |
|                                        | June 30, |   | June 30, |
|                                        | 2010 |   | 2009 |   | 2010 |   | 2009 |
|                                        |   |   |   |   |   |   |   |   |   |   |   |
| Revenue:                                    |   |   |   |   |   |   |   |   |   |   |   |
| Trucking revenue                            | $ | 83,620 |   | $ | 76,291 |   | $ | 164,310 |   | $ | 154,871 |
| Strategic Capacity Solutions revenue        |   | 8,502 |   |   | 3,135 |   |   | 14,713 |   |   | 5,790 |
| Intermodal revenue                          |   | 2,760 |   |   | 1,794 |   |   | 5,085 |   |   | 3,400 |
| Base revenue                                |   | 94,882 |   |   | 81,220 |   |   | 184,108 |   |   | 164,061 |
| Fuel surcharge revenue                      |   | 18,791 |   |   | 11,164 |   |   | 35,198 |   |   | 21,820 |
| Total revenue                               |   | 113,673 |   |   | 92,384 |   |   | 219,306 |   |   | 185,881 |
|                                        |   |   |   |   |   |   |   |   |   |   |   |
| Operating expenses and costs:               |   |   |   |   |   |   |   |   |   |   |   |
| Salaries, wages and employee benefits       |   | 32,082 |   |   | 30,984 |   |   | 65,309 |   |   | 63,748 |
| Fuel and fuel taxes                         |   | 27,217 |   |   | 21,562 |   |   | 55,612 |   |   | 42,398 |
| Purchased transportation                    |   | 18,995 |   |   | 10,556 |   |   | 34,600 |   |   | 20,203 |
| Depreciation and amortization               |   | 12,135 |   |   | 12,191 |   |   | 24,634 |   |   | 24,740 |
| Operations and maintenance                  |   | 8,304 |   |   | 6,183 |   |   | 15,968 |   |   | 13,612 |
| Insurance and claims                        |   | 5,525 |   |   | 5,555 |   |   | 11,596 |   |   | 11,192 |
| Operating taxes and licenses                |   | 1,411 |   |   | 1,455 |   |   | 2,804 |   |   | 3,058 |
| Communications and utilities                |   | 1,019 |   |   | 949 |   |   | 1,965 |   |   | 1,955 |
| Gain on disposal of revenue equipment, net  |   | (36) |   |   | (20) |   |   | (43) |   |   | (1) |
| Other                                       |   | 3,983 |   |   | 3,565 |   |   | 7,322 |   |   | 7,205 |
| Total operating expenses and costs          |   | 110,635 |   |   | 92,980 |   |   | 219,767 |   |   | 188,110 |
| Operating income (loss)                     |   | 3,038 |   |   | (596) |   |   | (461) |   |   | (2,229) |
|                                        |   |   |   |   |   |   |   |   |   |   |   |
| Other expenses (income):                    |   |   |   |   |   |   |   |   |   |   |   |
| Interest expense                            |   | 944 |   |   | 726 |   |   | 1,713 |   |   | 1,606 |
| Other, net                                  |   | 127 |   |   | (16) |   |   | 178 |   |   | (35) |
| Total other expenses, net                   |   | 1,071 |   |   | 710 |   |   | 1,891 |   |   | 1,571 |
| Income (loss) before income taxes           |   | 1,967 |   |   | (1,306) |   |   | (2,352) |   |   | (3,800) |
| Income tax expense (benefit)                |   | 1,067 |   |   | (158) |   |   | (256) |   |   | (772) |
|                                        |   |   |   |   |   |   |   |   |   |   |   |
| Net income (loss)                           | $ | 900 |   | $ | (1,148) |   | $ | (2,096) |   | $ | (3,028) |
|                                        |   |   |   |   |   |   |   |   |   |   |   |
| Net earnings (loss) per share information:  |   |   |   |   |   |   |   |   |   |   |   |
| Average shares outstanding (Basic)          |   | 10,293 |   |   | 10,230 |   |   | 10,287 |   |   | 10,222 |
| Basic earnings (loss) per share             | $ | 0.09 |   | $ | (0.11) |   | $ | (0.20) |   | $ | (0.30) |
|                                        |   |   |   |   |   |   |   |   |   |   |   |
| Average shares outstanding (Diluted)        |   | 10,320 |   |   | 10,230 |   |   | 10,287 |   |   | 10,222 |
| Diluted earnings (loss) per share           | $ | 0.09 |   | $ | (0.11) |   | $ | (0.20) |   | $ | (0.30) |

----

| USA TRUCK, INC.                                                                                                   |
|-------------------------------------------------------------------------------------------------------------------|
| CONSOLIDATED STATEMENT OF STOCKHOLDERS’ EQUITY                                                         |
| (UNAUDITED)                                                                                                  |
|                                                                                                              |
| (in thousands)                                                                                                    |
|                                                                                                              | Common |   |   |   |   |   |   | Accumulated |   |   |
|                                                                                                              | Stock |   | AdditionalPaid-inCapital |   |   |   |   | Other |   |   |
|                                                                                                              |   |   | Par |   |   | Retained |   | Treasury | Comprehensive |   |   |
|                                                                                                              | Shares |   | Value |   |   | Earnings |   | Stock |   | Loss |   | Total |
|     Balance at December 31, 2009                                                                   | 11,834 |   | $ | 118 |   | $ | 64,627 |   | $ | 97,523 |   | $ | (21,661) |   | $ | (61) |   | $ | 140,546 |
| Exercise of stock options                                                                                         | 16 |   |   | -- |   |   | 154 |   |   | -- |   |   | -- |   |   | -- |   |   | 154 |
|     Excess tax benefit on exercise of stock options                                                | -- |   |   | -- |   |   | 8 |   |   | -- |   |   | -- |   |   | -- |   |   | 8 |
|     Stock-based compensation                                                                       | -- |   |   | -- |   |   | (45) |   |   | -- |   |   | -- |   |   | -- |   |   | (45) |
| Restricted stock award grant                                                                                      | 5 |   |   | -- |   |   | -- |   |   | -- |   |   | -- |   |   | -- |   |   | -- |
|     Retirement of forfeited restricted stock                                                       | (27) |   |   | -- |   |   | 208 |   |   | -- |   |   | (208) |   |   | -- |   |   | -- |
|     Change in fair value of interest rate swap, net of income tax benefit of $(14)                 | -- |   |   | -- |   |   | -- |   |   | -- |   |   | -- |   |   | (22) |   |   | (22) |
|     Reclassification of derivative net losses to statement of operations, net of income tax of $25 | -- |   |   | -- |   |   | -- |   |   | -- |   |   | -- |   |   | 40 |   |   | 40 |
|     Return of forfeited restricted stock                                                 | -- |   |   | -- |   |   | (86) |   |   | -- |   |   | 86 |   |   | -- |   |   | -- |
|     Net loss                                                                                       | -- |   |   | -- |   |   | -- |   |   | (2,096) |   |   | -- |   |   | -- |   |   | (2,096) |
|     Balance at June 30, 2010                                                                       | 11,828 |   | $ | 118 |   | $ | 64,866 |   | $ | 95,427 |   | $ | (21,783) |   | $ | (43) |   | $ | 138,585 |

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| USA TRUCK, INC.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| CONSOLIDATED STATEMENTS OF CASH FLOWS                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| (UNAUDITED)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | (in thousands) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | Six Months Ended |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | June 30, |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | 2010 |   | 2009 |
| Operating activities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |   |   |   |   |
| Net loss                                                                                                                           | $ | (2,096) |   | $ | (3,028) |
|     Adjustments to reconcile net loss to net cash provided by operating activities:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |   |   |   |   |
| Depreciation and amortization                                                                                                                          |   | 24,634 |   |   | 24,740 |
| Provision for doubtful accounts                                                                                                                        |   | 115 |   |   | 143 |
| Deferred income taxes                                                                                                                                  |   | (547) |   |   | 2,377 |
| Stock-based compensation                                                                                                                               |   | (45) |   |   | 294 |
| Gain on disposal of revenue equipment, net                                                                                                             |   | (43) |   |   | (1) |
|     Changes in operating assets and liabilities:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |   |   |   |   |
|    Accounts receivable                                                                                                                       |   | 619 |   |   | (2,616) |
|    Inventories and prepaid expenses                                                                                                          |   | (4,446) |   |   | (1,653) |
|    Trade accounts payable and accrued expenses                                                                                               |   | 6,735 |   |   | 3,360 |
|    Insurance and claims accruals                                                                                                             |   | (15) |   |   | (1,982) |
| Net cash provided by operating activities                                                                                                                                  |   | 24,911 |   |   | 21,634 |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |   |   |   |   |
| Investing activities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |   |   |   |   |
|     Purchases of property and equipment                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   | (30,250) |   |   | (16,576) |
|     Proceeds from sale of property and equipment                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   | 7,292 |   |   | 3,658 |
|     Change in other assets                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   | (9) |   |   | (18) |
| Net cash used in investing activities                                                                                                                                      |   | (22,967) |   |   | (12,936) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |   |   |   |   |
| Financing activities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |   |   |   |   |
|     Borrowings under long-term debt                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   | 47,783 |   |   | 28,334 |
|     Principal payments on long-term debt                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   | (38,201) |   |   | (26,035) |
|     Principal payments on capitalized lease obligations                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   | (7,752) |   |   | (11,579) |
|     Principal payments on note payable                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   | (674) |   |   | (1,285) |
|     Net (decrease) increase in bank drafts payable                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   | (1,038) |   |   | 2,431 |
|     Proceeds from exercise of stock options                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   | 154 |   |   | 293 |
|     Excess tax benefit from exercise of stock options                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   | 8 |   |   | -- |
| Net cash provided by (used in) financing activities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   | 280 |   |   | (7,841) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |   |   |   |   |
| Increase in cash and cash equivalents                                                                                         |   | 2,224 |   |   | 857 |
|     Cash and cash equivalents:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |   |   |   |   |
| Beginning of period                                                                                                                                                        |   | 797 |   |   | 1,541 |
| End of period                                                                                                                                                              | $ | 3,021 |   | $ | 2,398 |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |   |   |   |   |
| Supplemental disclosure of cash flow information:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |   |   |   |   |
| Cash paid during the period for:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |   |   |   |   |
| Interest                                                                                                                                                                   | $ | 1,596 |   | $ | 1,663 |
| Income taxes                                                                                                                                                               |   | -- |   |   | 2,048 |
| Supplemental disclosure of non-cash investing activities:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |   |   |   |   |
| Liability incurred for leases on revenue equipment                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   | 4,867 |   |   | -- |

----

----

|                     | 2010             |   | 2009         |
|--------------------------|------------------|--------|--------------|
| Dividend yield           | 0%               |   | 0%           |
| Expected volatility      | 32.8 - 34.1%     |   | 36.5 - 53.1% |
| Risk-free interest rate  | 2.0 – 2.1% |   | 1.4%         |
| Expected life (in years) | 4.21 - 4.25      |   | 4.13 - 4.25  |

|                            | Number of Options |   | Weighted Average Exercise Price |   | Weighted Average Remaining Contractual Life (in years) |   | Aggregate Intrinsic Value (1) |
|---------------------------------|-------------------|--------|---------------------------------|--------|--------------------------------------------------------|--------|-------------------------------|
| Outstanding - beginning of year | 201,446           |   | $                               | 16.25  |                                                   |   |                          |   |   |   |
| Granted                         | 18,117            |   |                            | 14.63  |                                                   |   |                          |   |   |   |
| Exercised                       | (20,600)          |   |                            | 11.47  |                                                   |   |                          |   | $ | 126,266 |
| Cancelled/forfeited             | (24,286)          |   |                            | 16.07  |                                                   |   |                          |   |   |   |
| Expired                         | (26,300)          |   |                            | 20.22  |                                                   |   |                          |   |   |   |
| Outstanding at June 30, 2010    | 148,377           |   | $                               | 16.04  |                                                   |   | 3.0                           |   | $ | 296,361 |
| Exercisable at June 30, 2010    | 51,500            |   | $                               | 17.55  |                                                   |   | 1.0                           |   | $ | 93,060 |
|                            |              |   |                            |   |                                                   |   |                          |

| (1)   | The intrinsic value of outstanding and exercisable stock options is determined based on the amount by which the market value of the underlying stock exceeds the exercise price of the option.  The per share market value of our Common Stock, as determined by the closing price on June 30, 2010 (the last trading day of the quarter), was $16.12. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                                        | Number of Shares Under Options |   | Weighted Average Exercise Price |
|---------------------------------------------|--------------------------------|--------|---------------------------------|
| Nonvested options – December 31, 2009 | 117,096                        |   | $                               | 16.43 |
| Granted                                     | 18,117                         |   |                            | 14.63 |
| Forfeited                                   | (24,286)                       |   |                            | 16.07 |
| Vested                                      | (14,050)                       |   |                            | 22.99 |
| Nonvested options – June 30, 2010     | 96,877                         |   |                            | 15.24 |

| ExercisePrice |   | Number of Options Outstanding |    | Weighted-Average Remaining Contractual Life (in years) |   | Number of Options Exercisable |
|---------------|--------|-------------------------------|---------|--------------------------------------------------------|--------|-------------------------------|
| $             | 11.19  |                          | 17,876  |                                                   | 4.1    |                          | -- |
|          | 11.47  |                          | 16,800  |                                                   | 0.9    |                          | 16,800 |
|          | 12.21  |                          | 9,712   |                                                   | 5.1    |                          | -- |
|          | 12.66  |                          | 4,000   |                                                   | 0.6    |                          | 4,000 |
|          | 13.88  |                          | 14,057  |                                                   | 4.1    |                          | -- |
|          | 14.18  |                          | 10,482  |                                                   | 4.1    |                          | -- |
|          | 14.50  |                          | 15,448  |                                                   | 4.1    |                          | 500 |
|          | 15.83  |                          | 5,000   |                                                   | 4.1    |                          | 1,000 |
|          | 17.06  |                          | 11,400  |                                                   | 1.7    |                          | 6,000 |
|          | 18.58  |                          | 6,052   |                                                   | 5.1    |                          | -- |
|          | 22.54  |                          | 33,800  |                                                   | 2.1    |                          | 20,200 |
|          | 22.93  |                          | 1,500   |                                                   | 0.8    |                          | 1,500 |
|          | 30.22  |                          | 2,250   |                                                   | 1.6    |                          | 1,500 |
|          |   |                          | 148,377 |                                                   | 3.0    |                          | 51,500 |
|          |   |                          |    |                                                   |   |                          |   |

----

|                                       | Number of Shares |   | Weighted Average Grant Price (1) |
|--------------------------------------------|------------------|--------|----------------------------------|
| Nonvested shares – December 31, 2009 | 4,000            |   | $                                | 27.66 |
| Granted                                    | --               |   |                             | -- |
| Forfeited                                  | (2,000)          |   |                             | 27.66 |
| Vested                                     | --               |   |                             | -- |
| Nonvested shares – June 30, 2010     | 2,000            |   | $                                | 27.66 |

| (1)   |  The shares were valued at the closing price of the Company’s common stock on the dates of the awards. |
|-----------------|-------------------------------------------------------------------------------------------------------------------|

|                                       | Number of Shares |   | Weighted Average Grant Price (1) |
|--------------------------------------------|------------------|--------|----------------------------------|
| Nonvested shares – December 31, 2009 | 221,810          |   | $                                | 12.24 |
| Granted                                    | 5,355            |   |                             | 14.71 |
| Forfeited                                  | (27,227)         |   |                             | 12.33 |
| Vested                                     | --               |   |                             | -- |
| Nonvested shares – June 30, 2010     | 199,938          |   | $                                | 12.30 |

| (1)   |  The shares were valued at the closing price of the Company’s common stock on the dates of the awards. |
|-----------------|-------------------------------------------------------------------------------------------------------------------|

----

----

| (in thousands)                                                                                                                                                                                                                                                                                                           |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                                                     | Three Months |   |   | Three Months |   |   | Six Months |   |   | Six Months |
|                                                                                                                                                                                                                                                                                                                     | Ended |   |   | Ended |   |   | Ended |   |   | Ended |
|                                                                                                                                                                                                                                                                                                                     | June 30, 2010 |   |   | June 30, 2009 |   |   | June 30, 2010 |   |   | June 30, 2009 |
| Net income (loss)                                                                                                                                                                                                                                                                                                        | $ | 900 |   | $ | (1,148) |   | $ | (2,096) |   | $ | (3,028) |
| Change in fair value of interest rate swap, with no effect on income taxes for the three months ended June 30, 2010 and net of income tax of $1 for the three months ended June 30, 2009, and net of income tax benefit of $(14) for the six months ended June 30, 2010 and $(44) for the six months ended June 30, 2009 |   | (1) |   |   | 1 |   |   | (22) |   |   | (70) |
| Reclassification of derivative net losses to statement of operations, net of income tax of $12 for the three months ended June 30, 2010 and $9 for the three months ended June 30, 2009, and net of income tax of $25 for the six months ended June 30, 2010 and $48 for the six months ended June 30, 2009              |   | 19 |   |   | 14 |   |   | 40 |   |   | 77 |
| Total comprehensive income (loss)                                                                                                                                                                                                                                                                                        | $ | 918 |   | $ | (1,133) |   | $ | (2,078) |   |   | (3,021) |

|                   | (in thousands) |
|------------------------|----------------|
|                   |           | Total Fair Value Assets (Liabilities) at June 30, 2010 |   |   | Quoted Prices in Active Markets for Identical Assets(Level 1) |   |   | Significant Other Observable Inputs(Level 2) |   |   | Significant Unobservable Inputs(Level 3) |
| Derivative Liabilities | $              | (43) |   | $ | -- |   | $ | (43) |   | $ | -- |

----

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | (in thousands) |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | June 30,       | December 31, |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | 2010           |   | 2009 |   |
| Salaries, wages and employee benefits                                                                                    | $              | 5,234 |   | $ | 3,966 |   |
| Other (1)                                                                                                                |           | 5,793 |   |   | 5,042 |   |
| Total accrued expenses                                                                                                                                 | $              | 11,027 |   | $ | 9,008 |   |

|   | (1) | As of June 30, 2010 and December 31, 2009, no single item included within other accrued expenses exceeded 5.0% of our total current liabilities. |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------|

| NOTE 10 – NOTE PAYABLE |   |
|------------------------------|--------|

|                                                       | (in thousands) |
|------------------------------------------------------------|----------------|
|                                                       | June 30,       |   | December 31, |
|                                                       | 2010           |   | 2009 |
| Revolving credit agreement (1)                             | $              | 56,300 |   | $ | 46,718 |
| Capitalized lease obligations (2)                          |           | 52,974 |   |   | 55,859 |
|                                                       |           | 109,274 |   |   | 102,577 |
| Less current maturities                                    |           | (17,232) |   |   | (63,461) |
| Long-term debt and capital leases, less current maturities | $              | 92,042 |   | $ | 39,116 |
|                                                       |           |   |   |   |   |

| (1)   | On April 19, 2010, we entered into a new Credit Agreement with Branch Banking and Trust Company as Administrative Agent, which replaced our Amended and Restated Senior Credit Facility scheduled to mature on September 1, 2010.  The Credit Agreement provides for available borrowings of up to $100.0 million, including letters of credit not to exceed $25.0 million.  Availability may be reduced by a borrowing base limit as defined in the Credit Agreement.  The Credit Agreement provides an accordion feature allowing us to increase the maximum borrowing amount by up to an additional $75.0 million in the aggregate in one or more increases, subject to certain conditions.  The Credit Agreement bears variable interest based on the type of borrowing and on the Administrative Agent’s prime rate or the London Interbank Offered Rate plus a certain percentage, which is determined based on our attainment of certain financial ratios.  A quarterly commitment fee is payable on the unused portion of the credit line and bears a rate which is determined based on our attainment of certain financial ratios.  The obligations of the Company under the Credit Agreement are guaranteed by the Company and secured by a pledge of substantially all of the Company’s assets with the exception of real estate.  The Credit Agreement includes usual and customary events of default for a facility of this nature and provides that, upon the occurrence and continuation of an event of default, payment of all amounts payable under the Credit Agreement may be accelerated, and the lenders’ commitments may be terminated.  The Credit Agreement contains certain restrictions and covenants relating to, among other things, dividends, liens, acquisitions and dispositions outside of the ordinary course of business, and affiliate transactions.  The new Credit Agreement will expire on April 19, 2014. |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | (2) | Our capitalized lease obligations have various termination dates extending through March 2013 and contain renewal or fixed price purchase options.  The effective interest rates on the leases range from 3.2% to 4.8% at June 30, 2010.  The lease agreements require us to pay property taxes, maintenance and operating expenses. |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| NOTE 14 – CHANGE IN ACCOUNTING ESTIMATE |   |
|-----------------------------------------------|--------|

|                                                                                                               | (in thousands, except per share amounts) |
|--------------------------------------------------------------------------------------------------------------------|------------------------------------------|
|                                                                                                               | Three Months Ended                       |   | Six Months Ended |
|                                                                                                               | June 30,                                 |   | June 30, |
|                                                                                                               | 2010                                     |   | 2009 |   |   | 2010 |   |   | 2009 |
| Numerator:                                                                                                         |                                     |   |   |   |   |   |   |   |   |   |   |
| Net income (loss)                                                                                                  | $                                        | 900 |   | $ | (1,148) |   | $ | (2,096) |   | $ | (3,028) |
| Denominator:                                                                                                       |                                     |   |   |   |   |   |   |   |   |   |   |
| Denominator for basic earnings (loss) per share – weighted average shares                                    |                                     | 10,293 |   |   | 10,230 |   |   | 10,287 |   |   | 10,222 |
| Effect of dilutive securities:                                                                                     |                                     |   |   |   |   |   |   |   |   |   |   |
| Employee stock options and restricted stock                                                                        |                                     | 27 |   |   | -- |   |   | -- |   |   | -- |
| Denominator for diluted earnings (loss) per share – adjusted weighted average shares and assumed conversions |                                     | 10,320 |   |   | 10,230 |   |   | 10,287 |   |   | 10,222 |
| Basic earnings (loss) per share                                                                                    | $                                        | 0.09 |   | $ | (0.11) |   | $ | (0.20) |   | $ | (0.30) |
| Diluted earnings (loss) per share                                                                                  | $                                        | 0.09 |   | $ | (0.11) |   | $ | (0.20) |   | $ | (0.30) |
| Weighted average anti-dilutive employee stock options and restricted stock                                         |                                     | 95 |   |   | 116 |   |   | 128 |   |   | 112 |

----

| ITEM 2.MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS |   |
|----------------------------------------------------------------------------------------------------|--------|

----

| ·   | General Freight.  Our General Freight service offering provides truckload freight services as a short- to medium-haul common carrier.  We have provided General Freight services since our inception and we derive the largest portion of our revenue from these services. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Dedicated Freight.  Our Dedicated Freight service offering is a variation of our General Freight service, whereby we agree to make our equipment and drivers available to a specific customer for shipments over particular routes at specified times.  In addition to serving specific customer needs, our Dedicated Freight service offering also aids in driver recruitment and retention. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Continue to build our Spider Web freight network.  During the quarter, Spider Web freight network lanes, on average, yielded approximately $0.30 more in rate per loaded mile than our legacy network lanes.  Only 45.8% of our freight moved in Spider Web lanes during the quarter (compared to 33.8% in the second quarter 2009). |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| · | Improve tractor utilization.  We are already working on specific plans to improve our tractor utilization by deploying more of our unmanned tractors into service, by redirecting our capacity away from the congested Northeast U.S. and by building Spider Web lane density.  We expect these efforts will provide our customers with additional capacity where they need it most. |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Reduce maintenance costs by lowering the fleet age.  Between July and October 2010, we plan to place in-service approximately 285 new tractors (with pre-2010 emission engines) that were purchased, and included on our balance sheet, during the first half of this year.  We also intend to purchase an additional 300-500 new tractors to be placed in-service between November 2010 and May 2011.  Each of these new tractors will be offset by the corresponding sale of an old truck from our active fleet.  The net result will be zero fleet growth, but a declining average age of tractors.  We expect the reduced age to have a positive effect on our maintenance costs in 2011, though maintenance costs will likely climb sequentially over the next few quarters.  Despite the capital expenditures this undertaking requires, we expect to produce positive free cash flow (net cash flow from operations less net cash used in investing activities) over the next twelve months (even at a very modest level of profitability). |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Increase freight network yield.  We are reviewing the lowest yielding lanes within our freight network and taking proactive steps to improve their pricing and operational characteristics in order to achieve an acceptable level of profitability.  We expect to continue this yield management activity until we are generating acceptable rates of return on our invested capital. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Continue growing our asset-light business.  Finally, we expect continued aggressive, but controlled and profitable, growth within our Strategic Capacity Solutions and Intermodal operating segments.  In a tightening capacity environment, we believe it is essential to offer our customers flexible sources of capacity to fulfill their transportation needs.  During the quarter, base revenue from our asset-light services more than doubled (+128.5%), and was a much more significant part of our business at 11.9% of our total base revenue compared to just 6.1% in the second quarter of 2009. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                                       | Three Months Ended |   | Six Months Ended |
|--------------------------------------------|--------------------|--------|------------------|
|                                       | June 30,           |   | June 30,         |
|                                       | 2010               |   | 2009             |   | 2010 |   | 2009 |
| Base revenue                               | 100.0              | %      |             | 100.0 | % |   | 100.0 | % |   | 100.0 | % |
| Operating expenses and costs:              |               |   |             |   |   |   |   |   |   |   |   |
| Salaries, wages and employee benefits      | 33.8               |   |             | 38.1 |   |   | 35.5 |   |   | 38.9 |   |
| Fuel and fuel taxes (1)                    | 11.1               |   |             | 13.3 |   |   | 13.8 |   |   | 12.9 |   |
| Purchased transportation (2)               | 17.8               |   |             | 12.5 |   |   | 16.1 |   |   | 11.9 |   |
| Depreciation and amortization              | 12.8               |   |             | 15.0 |   |   | 13.4 |   |   | 15.1 |   |
| Operations and maintenance                 | 8.8                |   |             | 7.6 |   |   | 8.7 |   |   | 8.3 |   |
| Insurance and claims                       | 5.8                |   |             | 6.8 |   |   | 6.3 |   |   | 6.8 |   |
| Operating taxes and licenses               | 1.4                |   |             | 1.8 |   |   | 1.4 |   |   | 1.9 |   |
| Communications and utilities               | 1.1                |   |             | 1.2 |   |   | 1.1 |   |   | 1.2 |   |
| Gain on disposal of revenue equipment, net | --                 |   |             | -- |   |   | -- |   |   | -- |   |
| Other                                      | 4.2                |   |             | 4.4 |   |   | 4.0 |   |   | 4.4 |   |
| Total operating expenses and costs         | 96.8               |   |             | 100.7 |   |   | 100.3 |   |   | 101.4 |   |
| Operating income (loss)               | 3.2                |   |             | (0.7) |   |   | (0.3) |   |   | (1.4) |   |
| Other expenses (income):                   |               |   |             |   |   |   |   |   |   |   |   |
| Interest expense                           | 1.0                |   |             | 0.9 |   |   | 0.9 |   |   | 0.9 |   |
| Other, net                                 | 0.1                |   |             | -- |   |   | 0.1 |   |   | -- |   |
| Total other expenses, net                  | 1.1                |   |             | 0.9 |   |   | 1.0 |   |   | 0.9 |   |
| Income (loss) before income taxes          | 2.1                |   |             | (1.6) |   |   | (1.3) |   |   | (2.3) |   |
| Income tax expense (benefit)          | 1.2                |   |             | (0.2) |   |   | (0.2) |   |   | (0.5) |   |
| Net income (loss)                     | 0.9                | %      |             | (1.4) | % |   | (1.1) | % |   | (1.8) | % |

| (1)   | Net of fuel surcharge revenue from Trucking operating segment. |
|-----------------|----------------------------------------------------------------|

| (2)   | Net of fuel surcharge revenue from Strategic Capacity Solutions and Intermodal operating segments. |
|-----------------|----------------------------------------------------------------------------------------------------|

| ·   | Salaries, wages and employee benefits decreased by 4.3 percentage points of base revenue due in large part to a 128.5% increase in non-trucking revenue, a 10.7% increase in Trucking base revenue per tractor per week and to a lesser extent a decrease of 8.4% in uncompensated miles (empty miles).  If our Strategic Capacity Solutions and Intermodal revenue continues to increase, we would expect salaries, wages and employee benefits to continue to decrease as a percentage of base revenue absent offsetting increases in those expenses. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| ·   | Fuel and fuel taxes decreased by 2.2 percentage points of base revenue, led by a $1.2 million gain recognized on the sale of a fuel contract which was recorded as a reduction in fuel expense.  On May 25, 2010 we entered into an agreement to purchase 0.5 million gallons of diesel fuel per month for the time period of July 2010 through June 2012 as a hedge against the price of diesel fuel.  On June 28, 2010 we sold the contract to lock in the related gains, which resulted in a net of tax gain of $0.07 per share.   Fuel prices increased 23.4% per gallon and our fuel economy decreased 1.3% due in part to our higher mileage equipment.  This was partially offset by the above-mentioned increase in non-trucking revenue.  Fuel costs may continue to be affected in the future by price fluctuations, the terms and collectability of fuel surcharge revenue, the percentage of total miles driven by owner operators, the diversification of our business model into less asset-intensive operations and fuel efficiency. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Purchased transportation, which is comprised of owner-operator compensation and fees paid to external transportation providers such as railroads, drayage carriers, broker carriers and Mexican carriers, increased by 5.3 percentage points of base revenue led by a 130.4% increase in carrier expense associated with our Strategic Capacity Solutions and Intermodal revenue growth and a 35.5% increase in owner-operator expense in our Trucking segment.  This increase in owner-operator expense was the result of an 18.4% increase in owner-operators, partially offset by a 3.3% increase in total revenue miles.  We expect this expense would continue to increase when compared to prior periods if we achieve our long-term goals to increase the revenue of our Strategic Capacity Solutions and Intermodal operating segments and grow our owner-operator fleet. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Depreciation and amortization decreased 2.2 percentage points of base revenue due to the above-mentioned increase in Trucking base revenue per tractor per week and an increase in the percentage of our fleet comprised of owner-operators.  Prices for new tractors have risen in recent years due to Environmental Protection Agency mandates on engine emissions, and they are expected to increase with the introduction of the 2010 emission standards.  Depreciation and amortization expense may be affected in the future as equipment manufacturers increase prices. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Operations and maintenance expense increased 1.2 percentage points of base revenue primarily due to a 24.7% increase in direct repair costs related to our higher mileage equipment and a 41.9% increase in tolls and weight tickets.  Toll expense has increased as a result of our excessive freight volumes in the Northeast U.S. where toll roads are more prevalent.  These increases were partially offset by the above mentioned increase in Trucking base revenue per tractor per week and purchased transportation.  On April 1, 2009, we changed our method of accounting for tires; this change in estimate affected by a change in principle resulted in a reduction of operations and maintenance expense.  For the three months ended June 30, 2010 and 2009, this reduction on a pre-tax basis was approximately $1.8 and $1.4 million, respectively, and on a net of tax basis of approximately $1.1 million ($0.11 per share) and $0.9 million ($0.08 per share), respectively. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Insurance and claims expense decreased 1.0 percentage point of base revenue as we have seen a reduction in the severity of motor vehicle accidents.  This reduction combined with the continuing education of our drivers regarding accident prevention contributed to a decrease in our bodily injury and property damage claims and worker compensation claims.  This was partially offset by a 41.7% increase in collision expense related to late spring snows and flooding.  If we are able to continue to successfully execute our “War on Accidents” safety initiative, we would expect insurance and claims expense to gradually decrease over the long term, though remaining volatile from period-to-period. |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Operating taxes and licenses expense decreased 0.4 percentage points of base revenue primarily due to a 2.3% decrease in Company-owned tractors. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Our effective tax rate increased from 12.1% in the second quarter of 2009 to 54.2% for the same period of 2010.  Income tax expense varies from the amount computed by applying the federal tax rate to income before income taxes primarily due to state income taxes, net of federal income tax effect, adjusted for permanent differences, the most significant of which is the effect of the per diem pay structure for drivers.  Due to the partially nondeductible effect of per diem payments, our tax rate will vary in future periods based on fluctuations in earnings and in the number of drivers who elect to receive this pay structure. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                                           | Three Months Ended June 30, |
|------------------------------------------------|-----------------------------|
|                                           | 2010                        |   | 2009 |
| Total miles (in thousands) (1)            |                        | 60,624 |   |   |   | 58,705 |   |
| Empty mile factor (2)                          |                        | 9.6 | % |   |   | 10.8 | % |
| Weighted average number of tractors (3)        |                        | 2,331 |   |   |   | 2,354 |   |
| Average miles per tractor per period           |                        | 26,008 |   |   |   | 24,938 |   |
| Average miles per tractor per week             |                        | 2,001 |   |   |   | 1,918 |   |
| Average miles per trip (4)(5)                  |                        | 539 |   |   |   | 599 |   |
| Base Trucking revenue per tractor per week (5) | $                           | 2,759 |   |   | $ | 2,493 |   |
| Number of tractors at end of period (3)        |                        | 2,331 |   |   |   | 2,325 |   |
| Operating ratio (6)                            |                        | 96.8 | % |   |   | 100.7 | % |

|   | (1) | Total miles include both loaded and empty miles. |
|--------|-----|--------------------------------------------------|

|   | (2) | The empty mile factor is the number of miles traveled for which we are not typically compensated by any customer as a percent of total miles traveled. |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (3) | Tractors include Company-operated tractors in-service plus owner-operator tractors. |
|--------|-----|-------------------------------------------------------------------------------------|

|   | (4) | Average miles per trip is based upon loaded miles divided by the number of Trucking shipments. |
|--------|-----|------------------------------------------------------------------------------------------------|

|   | (5) | Our Trailer-on-Flat-Car rail Intermodal service offering was previously included in our Trucking operating segment.  Container-on-Flat-Car rail Intermodal and Trailer-on-Flat-Car rail Intermodal are now combined and reported as Intermodal.  Because of this reclassification, previously reported amounts for average miles per trip and base Trucking revenue per tractor per week have been recalculated excluding Trailer-on-Flat-Car rail Intermodal from Trucking. |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (6) | Operating ratio is based upon total operating expenses, net of fuel surcharge revenue, as a percentage of base revenue. |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------|

|  Base Revenue |   |
|--------------------|--------|

----

| ·   | Salaries, wages and employee benefits decreased by 3.4 percentage points of base revenue due in large part to a 115.4% increase in non-trucking revenue, a 7.6% increase in Trucking base revenue per tractor per week and to a lesser extent a decrease of 10.0% in uncompensated miles (empty miles).  If our Strategic Capacity Solutions and Intermodal revenue continues to increase, we would expect salaries, wages and employee benefits to continue to decrease as a percentage of base revenue absent offsetting increases in those expenses. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Fuel and fuel taxes increased by 0.9 percentage points of base revenue despite an improvement in our fuel surcharge recovery per gallon compared to the prior year.  Fuel prices increased 29.8% per gallon and our fuel economy decreased 1.0% due to the harsh winter weather experienced in the first quarter of 2010 combined with our higher mileage equipment.  These increases were partially offset by a $1.2 million gain recognized on the sale of a fuel contract during the second quarter which was recorded as a reduction of fuel expense.  On May 25, 2010 we entered into an agreement to purchase 0.5 million gallons of diesel fuel per month for the time period of July 2010 through June 2012 as a hedge against the price of diesel fuel.  On June 28, 2010 we sold the contract to lock in the related gains, which resulted in a net of tax gain of $0.07 per share.  This was partially offset by the above-mentioned increase in non-trucking revenue.  Fuel costs may continue to be affected in the future by price fluctuations, the terms and collectability of fuel surcharge revenue, the percentage of total miles driven by owner operators, the diversification of our business model into less asset-intensive operations and fuel efficiency. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Purchased transportation, which is comprised of owner-operator compensation and fees paid to external transportation providers such as railroads, drayage carriers, broker carriers and Mexican carriers, increased by 4.2 percentage points of base revenue due primarily to a 129.0% increase in carrier expense associated with our Strategic Capacity Solutions and Intermodal operating segment revenue growth.  We expect this expense would continue to increase when compared to prior periods if we can achieve our long-term goals to increase the revenue of our Strategic Capacity Solutions and Intermodal operating segments and grow our owner-operator fleet. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Depreciation and amortization decreased 1.7 percentage points of base revenue due to the above-mentioned increase in Trucking base revenue per tractor per week and an increase in the percentage of our fleet comprised of owner-operators.  Prices for new tractors have risen in recent years due to Environmental Protection Agency mandates on engine emissions, and they are expected to increase with the introduction of the 2010 emission standards.  Depreciation and amortization expense may be affected in the future as equipment manufacturers increase prices. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Operations and maintenance expense increased 0.4 percentage points of base revenue primarily due to our higher mileage equipment and a 41.4% increase in tolls and weight tickets, partially offset by the above-mentioned increase in Trucking base revenue per tractor per week and purchased transportation.  Toll expense has increased as a result of our excessive freight volumes in the Northeast U.S. where toll roads are more prevalent.  On April 1, 2009, we changed our method of accounting for tires; this change in estimate affected by a change in principle resulted in a reduction of operations and maintenance expense.  For the six months ended June 30, 2010 and 2009, this resulted in a reduction of operations and maintenance expense on a pre-tax basis of approximately $2.7 and $1.4 million, respectively, and on a net of tax basis of approximately $1.7 million ($0.16 per share) and $0.9 million ($0.08 per share), respectively. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Insurance and claims expense decreased 0.5 percentage points of base revenue as we have seen a reduction in the severity of motor vehicle accidents which, in effect, has contributed to a decrease in bodily injury and property damage claims and worker compensation claims.  Also having a positive impact has been the continuing education of our drivers regarding accident prevention. If we are able to continue to successfully execute our “War on Accidents” safety initiative, we would expect insurance and claims expense to gradually decrease over the long term, though remaining volatile from period-to-period. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Operating taxes and licenses expense decreased 0.5 percentage points of base revenue primarily due to a 2.4% decrease in Company-owned tractors. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Other expense decreased 0.4 percentage points of base revenue due to cost controls implemented in several areas of the Company and a reduction in software conversion costs. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Our effective tax rate decreased from 20.3% in 2009 to 10.9% in 2010.  Income tax expense varies from the amount computed by applying the federal tax rate to income before income taxes primarily due to state income taxes, net of federal income tax effect, adjusted for permanent differences, the most significant of which is the effect of the per diem pay structure for drivers.  Due to the partially nondeductible effect of per diem payments, our tax rate will vary in future periods based on fluctuations in earnings and in the number of drivers who elect to receive this pay structure. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                                           | Six Months Ended June 30, |
|------------------------------------------------|---------------------------|
|                                           | 2010                      |   | 2009 |
| Total miles (in thousands) (1)            |                      | 122,105 |   |   |   | 120,322 |   |
| Empty mile factor (2)                          |                      | 9.9 | % |   |   | 11.2 | % |
| Weighted average number of tractors (3)        |                      | 2,338 |   |   |   | 2,370 |   |
| Average miles per tractor per period           |                      | 52,226 |   |   |   | 50,769 |   |
| Average miles per tractor per week             |                      | 2,020 |   |   |   | 1,963 |   |
| Average miles per trip (4)(5)                  |                      | 557 |   |   |   | 628 |   |
| Base Trucking revenue per tractor per week (5) | $                         | 2,718 |   |   | $ | 2,527 |   |
| Number of tractors at end of period (3)        |                      | 2,331 |   |   |   | 2,325 |   |
| Operating ratio (6)                            |                      | 100.3 | % |   |   | 101.4 | % |

|   | (1) | Total miles include both loaded and empty miles. |
|--------|-----|--------------------------------------------------|

|   | (2) | The empty mile factor is the number of miles traveled for which we are not typically compensated by any customer as a percent of total miles traveled. |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (3) | Tractors include Company-operated tractors in-service plus owner-operator tractors. |
|--------|-----|-------------------------------------------------------------------------------------|

|   | (4) | Average miles per trip is based upon loaded miles divided by the number of Trucking shipments. |
|--------|-----|------------------------------------------------------------------------------------------------|

|   | (5) | Our Trailer-on-Flat-Car rail Intermodal service offering was previously included in our Trucking operating segment.  Container-on-Flat-Car rail Intermodal and Trailer-on-Flat-Car rail Intermodal are now combined and reported as Intermodal.  Because of this reclassification, previously reported amounts for average miles per trip and base Trucking revenue per tractor per week have been recalculated excluding Trailer-on-Flat-Car rail Intermodal from Trucking. |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (6) | Operating ratio is based upon total operating expenses, net of fuel surcharge revenue, as a percentage of base revenue. |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------|

| Base Revenue |   |
|--------------|--------|

----

----

| Cash Flows                                     |                                                                                   |
|-----------------------------------------------------|---------------------------------------------------------------------------------------------|
|                                           |            (in thousands)            |
|                                           |            Six Months Ended June 30, |
|                                           |           2010                            |    |   2009 |
| Net cash provided by operating activities           | $                                                                                           |           24,911 |   | $ |         21,634 |
| Net cash used in investing activities               |                                                                                        |        (22,967) |   |   |           (12,936) |
| Net cash provided by (used in) financing activities |                                                                                        |          280 |   |   |        (7,841) |

| ·   | A $2.1 million net loss was incurred for the six months ended June 30, 2010 compared to the $3.0 million net loss for the comparable period of the prior year due primarily to an increase in revenue. This change resulted in approximately $0.9 million in additional cash being provided by operating activities for the six months ended June 30, 2010 compared to that provided by operations for the same period of the prior year; |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Resulting from the loss we incurred in 2009, we recorded a federal tax receivable of $10.0 million in the fourth quarter of 2009.  We collected this tax refund during the second quarter of this year, which resulted in a reduction of accounts receivable.  The tax refund impact to accounts receivable was offset against an increase in trade freight accounts of $8.8 million due to the increase in revenue during the second quarter.  The cumulative result of the tax, trade freight and other receivables was a net cash provided of $0.6 million for the six months ended June 30, 2010, which reflected a cash increase of $3.2 million from the comparable prior year period; |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Effective April 1, 2009, we changed our accounting for tires to amortize the cost of tires over the expected life.  Prior to April 1, 2009, we directly expensed the cost of tires when placed into service.  This change in accounting estimate effected by a change in principle was the primary reason for the increase in cash used for inventories and prepaid expenses during the six months ended June 30, 2010.  The result was an increase of $2.8 million of cash used in operations for the first six months of 2010 compared to the same period of the 2009; |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | For the six months ended June 30, 2010, accounts payable and accrued expenses increased by $6.7 million compared to a $3.4 million increase for the same period of 2009.  The primary reason for the approximate $3.3 million decrease in cash used for accounts payable and accrued expenses was related to the timing of equipment purchases and fuel purchases; |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | The approximate $2.9 million increase in cash used in deferred taxes resulted from the utilization of a net operating loss carryover in calculating the tax provision for the six months ended June 30, 2009; and |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Cash used for Insurance and Claims was $2.0 million less than the same period of 2009. The primary reason for this change was related to resolutions of older claims during the first six months of 2009. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

----

|                           | (in thousands)         |
|--------------------------------|------------------------|
|                           | Payments Due By Period |
|                           |  Total            |   | Less than 1 year |   |  1-3 years |   |  3-5 years |   | More than 5 years |
| Contractual Obligations:       |                   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Long-term debt obligations (1) | $                      | 56,300 |   | $ | -- |   | $ | -- |   | $ | 56,300 |   | $ | -- |
| Capital lease obligations (2)  |                   | 57,396 |   |   | 20,460 |   |   | 34,329 |   |   | 2,607 |   |   | -- |
| Purchase obligations           |                   | 1,868 |   |   | 1,868 |   |   | -- |   |   | -- |   |   | -- |
| Rental obligations             |                   | 3,089 |   |   | 1,017 |   |   | 1,141 |   |   | 613 |   |   | 318 |
| Total                          | $                      | 118,653 |   | $ | 23,345 |   | $ | 35,470 |   | $ | 59,520 |   | $ | 318 |
|                           |                   |   |   |   |   |   |   |   |   |   |   |   |   |   |

| (1)   | Long-term debt obligations, excluding letters of credit in the amount of $1.8 million, consist of our recently consummated Credit Agreement, which matures on April 19, 2014. The primary purpose of this agreement is to provide working capital for the Company; however, the agreement is also used, as appropriate, to minimize interest expense on other Company purchases that could be obtained through other more expensive capital purchase financing sources.  Because the borrowing amounts fluctuate and the interest rates vary, they are subject to various factors that will cause actual interest payments to fluctuate over time.  Based on these factors, we have not included in this line item an estimate of future interest payments. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2)   | Includes interest payments not included in the balance sheet. |
|-----------------|---------------------------------------------------------------|

| ·   | Revenue recognition and related direct expenses based on relative transit time in each period.  Revenue generated by our Trucking operating segment is recognized in full upon completion of delivery of freight to the receiver’s location.  For freight in transit at the end of a reporting period, we recognize revenue pro rata based on relative transit time completed as a portion of the estimated total transit time.  Expenses are recognized as incurred. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Selections of estimated useful lives and salvage values for purposes of depreciating tractors and trailers.  We operate a significant number of tractors and trailers in connection with our business.  We may purchase this equipment or acquire it under leases.  We depreciate purchased equipment on the straight-line method over the estimated useful life down to an estimated salvage or trade-in value.  We initially record equipment acquired under capital leases at the net present value of the minimum lease payments and amortize it on the straight-line method over the lease term.  Depreciable lives of tractors and trailers range from three years to ten years.  We estimate the salvage value at the expected date of trade-in or sale based on the expected market values of equipment at the time of disposal. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| ·   | Estimates of accrued liabilities for claims involving bodily injury, physical damage losses, employee health benefits and workers’ compensation.  We record both current and long-term claims accruals at the estimated ultimate payment amounts based on information such as individual case estimates, historical claims experience and an estimate of claims incurred but not reported.  The current portion of the accrual reflects the amounts of claims expected to be paid in the next twelve months.  In making the estimates, we rely on past experience with similar claims, negative or positive developments in the case and similar factors.  We do not discount our claims liabilities.  See our Claims Liabilities disclosure in our Annual Report on Form 10-K for additional information. |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Stock option valuation.  The assumptions used to value stock options are dividend yield, expected volatility, risk-free interest rate, expected life and anticipated forfeitures.  As we have not paid any dividends on our Common Stock, the dividend yield is zero.  Expected volatility represents the measure used to project the expected fluctuation in our share price.  We use the historical method to calculate volatility with the historical period being equal to the expected life of each option.  This calculation is then used to determine the potential for our share price to increase over the expected life of the option.  The risk-free interest rate is based on an implied yield on United States zero-coupon treasury bonds with a remaining term equal to the expected life of the outstanding options.  Expected life represents the length of time we anticipate the options to be outstanding before being exercised.  Based on historical experience, that time period is best represented by the option’s contractual life.  Anticipated forfeitures represent the number of shares under options we expect to be forfeited over the expected life of the options. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Accounting for income taxes. Our deferred tax assets and liabilities represent items that will result in taxable income or a tax deduction in future years for which we have already recorded the related tax expense or benefit in our consolidated statements of operations.  Deferred tax accounts arise as a result of timing differences between when items are recognized in our consolidated financial statements compared to when they are recognized in our tax returns.  Significant management judgment is required in determining our provision for income taxes and in determining whether deferred tax assets will be realized in full or in part.  Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled.  We periodically assess the likelihood that all or some portion of deferred tax assets will be recovered from future taxable income.  To the extent we believe recovery is not probable, a valuation allowance is established for the amount determined not to be realizable.  We have not recorded a valuation allowance at June 30, 2010, as all deferred tax assets are more likely than not to be realized. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Prepaid tires.  Effective April 1, 2009, we changed our method of accounting for tires.  Commencing when the tires, including recaps, are placed into service, we account for them as prepaid expenses and amortize their cost over varying time periods, ranging from 18 to 30 months depending on the type of tire.  Prior to April 1, 2009, the cost of tires was fully expensed when they were placed into service.  We believe the new accounting method more appropriately matches the tire costs to the period during which the tire is being used to generate revenue.  For the three and six months ended June 30, 2010, this change in estimate effected by a change in principle resulted in a reduction of operations and maintenance expense on a pre-tax basis of approximately $1.8 and $2.7 million, respectively, and on a net of tax basis of approximately $1.1 million ($0.11 per share) and $1.7 million ($0.16 per share), respectively.  For the three and six month periods ended June 30, 2009, this change in estimate effected by a change in principle resulted in a reduction of operations and maintenance expense on a pre-tax basis of approximately $1.4 million and on a net of tax basis of approximately $0.9 million ($0.08 per share). |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| ITEM 3.QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK |   |
|-------------------------------------------------------------------|--------|

----

| ITEM 1. | LEGAL PROCEEDINGS |
|---------|-------------------|

| ITEM 1A. | RISK FACTORS |
|----------|--------------|

----

| ITEM 2.   UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS |   |
|--------------------------------------------------------------------------------------|--------|

| Period                   |   | Total Number of Shares Purchased |   |  Average Price Paid per Share |   | Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs |   | Maximum Number of Shares that May Yet Be Purchased Under the Plans or Programs |
|--------------------------|--------|----------------------------------|--------|------------------------------------|--------|----------------------------------------------------------------------------------|--------|--------------------------------------------------------------------------------|
| April 1 – April 30 |   | --                               |   | $                                  | --     |                                                                             | --     |                                                                           | 2,000,000 |
| May 1 – May 31     |   | --                               |   |                               | --     |                                                                             | --     |                                                                           | 2,000,000 |
| June 1 – June 30   |   | --                               |   |                               | --     |                                                                             | --     |                                                                           | 2,000,000 |
|    Total  |   | --                               |   | $                                  | --     |                                                                             | --     |                                                                           | 2,000,000 |

| ITEM 3. | DEFAULTS UPON SENIOR SECURITIES |
|---------|---------------------------------|

|   | None. |
|--------|-------|

| ITEM 4. | (REMOVED AND RESERVED) |
|---------|------------------------|

|   | None. |
|--------|-------|

----

| (a)   | Exhibits |
|-----------------|----------|

| 3.1  | Restated and Amended Certificate of Incorporation of the Company (incorporated by reference to Exhibit 3.1 to the Company’s Registration Statement on Form S-1, Registration No. 33-45682, filed with the Securities and Exchange Commission on February 13, 1992 [the “Form S-1”]).             |
|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 3.2  | Amended Bylaws of the Company as currently in effect (incorporated by reference to Exhibit 3.2 to the Company’s annual report on Form 10-K for the year ended December 31, 2001).                                                                                                                            |
| 3.3  | Certificate of Amendment to Certificate of Incorporation of the Company filed March 17, 1992 (incorporated by reference to Exhibit 3.3 to Amendment No. 1 to the Form S-1 filed with the Securities and Exchange Commission on March 19, 1992).                                                               |
| 3.4  | Certificate of Amendment to Certificate of Incorporation of the Company filed April 29, 1993 (incorporated by reference to Exhibit 5 to the Company’s Registration Statement on Form 8-A/A filed with the Securities and Exchange Commission on June 2, 1997 [the “Form 8-A/A”]).                |
| 3.5  | Certificate of Amendment to Certificate of Incorporation of the Company filed May 13, 1994 (incorporated by reference to Exhibit 6 to the Form 8-A/A).                                                                                                                                                             |
| 4.1  | Specimen certificate evidencing shares of the Common Stock, $.01 par value, of the Company (incorporated by reference to Exhibit 4.1 to the Form S-1).                                                                                                                                                             |
| 4.2  | Instruments with respect to long-term debt not exceeding 10.0% of the total assets of the Company have not been filed.  The Company agrees to furnish a copy of such instruments to the Securities and Exchange Commission upon request.                                                                 |
| 4.3  | Amended and Restated Senior Credit Facility dated September 1, 2005, between the Company and Bank of America, N.A., U.S. Bank, N.A., SunTrust Bank, BancorpSouth and Regions Bank collectively as the Lenders (incorporated by reference to Exhibit 10.1 to the Company’s Form 8-K dated September 8, 2005). |
| 10.1 | Credit Agreement, dated April 19, 2010, among the Company, the Guarantors listed therein, the Lenders listed therein, Branch Banking and Trust Company, as Administrative Agent, and BB&T Capital Markets, as Lead Arranger, as filed herewith.                                                                |
| 10.2 | First Amendment to Credit Agreement, dated June 14, 2010, among the Company, International Freight Services, Inc., the Lenders listed therein, and Branch Banking and Trust Company, as filed herewith.                                                                                                       |
| 31.1 | Certification of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.                                                                                                                                                                                                                |
| 31.2 | Certification of Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.                                                                                                                                                                                                                |
| 32.1 | Certification of Chief Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.                                                                                                                                                                                                                |
| 32.2 | Certification of Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.                                                                                                                                                                                                                |

----

|   | SIGNATURES |
|--------|------------|

|   |          |   |   | USA Truck, Inc.                       |
|--------|---------------|--------|--------|---------------------------------------|
|   |          |   |   | (Registrant)                          |
|   |          |   |   |                                  |
|   |          |   |   |                                  |
| Date:  | July 30, 2010 |   | By:    | /s/ Clifton R. Beckham                |
|   |          |   |   | Clifton R. Beckham                    |
|   |          |   |   | President and Chief Executive Officer |
|   |          |   |   |                                  |
|   |          |   |   |                                  |
| Date:  | July 30, 2010 |   | By:    | /s/ Darron R. Ming                    |
|   |          |   |   | Darron R. Ming                        |
|   |          |   |   | Vice President, Finance and Chief     |
|   |          |   |   | Financial Officer                     |

----

| ExhibitNumber |   | Exhibit                                                                                                                                                                                                                                                                                                            |
|---------------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|          | 3.1    | Restated and Amended Certificate of Incorporation of the Company (incorporated by reference to Exhibit 3.1 to the Company’s Registration Statement on Form S-1, Registration No. 33-45682, filed with the Securities and Exchange Commission on February 13, 1992 [the “Form S-1”]).             |
|          | 3.2    | Amended Bylaws of the Company as currently in effect (incorporated by reference to Exhibit 3.2 to the Company’s annual report on Form 10-K for the year ended December 31, 2001).                                                                                                                            |
|          | 3.3    | Certificate of Amendment to Certificate of Incorporation of the Company filed March 17, 1992 (incorporated by reference to Exhibit 3.3 to Amendment No. 1 to the Form S-1 filed with the Securities and Exchange Commission on March 19, 1992).                                                               |
|          | 3.4    | Certificate of Amendment to Certificate of Incorporation of the Company filed April 29, 1993 (incorporated by reference to Exhibit 5 to the Company’s Registration Statement on Form 8-A/A filed with the Securities and Exchange Commission on June 2, 1997 [the “Form 8-A/A”]).                |
|          | 3.5    | Certificate of Amendment to Certificate of Incorporation of the Company filed May 13, 1994 (incorporated by reference to Exhibit 6 to the Form 8-A/A).                                                                                                                                                             |
|          | 4.1    | Specimen certificate evidencing shares of the Common Stock, $.01 par value, of the Company (incorporated by reference to Exhibit 4.1 to the Form S-1).                                                                                                                                                             |
|          | 4.2    | Instruments with respect to long-term debt not exceeding 10.0% of the total assets of the Company have not been filed.  The Company agrees to furnish a copy of such instruments to the Securities and Exchange Commission upon request.                                                                 |
|          | 4.3    | Amended and Restated Senior Credit Facility dated September 1, 2005, between the Company and Bank of America, N.A., U.S. Bank, N.A., SunTrust Bank, BancorpSouth and Regions Bank collectively as the Lenders (incorporated by reference to Exhibit 10.1 to the Company’s Form 8-K dated September 8, 2005). |
|          | 10.1   | Credit Agreement, dated April 19, 2010, among the Company, the Guarantors listed therein, the Lenders listed therein, Branch Banking and Trust Company, as Administrative Agent, and BB&T Capital Markets, as Lead Arranger, as filed herewith.                                                                |
|          | 10.2   | First Amendment to Credit Agreement, dated June 14, 2010, among the Company, International Freight Services, Inc., the Lenders listed therein, and Branch Banking and Trust Company, as filed herewith.                                                                                                            |
|          | 31.1   | Certification of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.                                                                                                                                                                                                                |
|          | 31.2   | Certification of Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.                                                                                                                                                                                                                |
|          | 32.1   | Certification of Chief Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.                                                                                                                                                                                                                |
|          | 32.2   | Certification of Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.                                                                                                                                                                                                                |

----