Third quarter 2019 is likely to see another step down in earnings expectations for the year. Equity analysts have been busy lowering estimates on many publicly traded transportation companies.
TriumphPay announced that it has entered into a new partnership with U.S. Xpress to provide the company with real-time visibility into its brokerage payment services.
U.S. Xpress announced that it has amended its credit facility to provide the company with a little more flexibility on its financial covenants as an act of prudence.
FreightWaves CEO Craig Fuller discusses his family’s trucking legacy with his father, U.S. Xpress co-founder Max Fuller.
Two of the nation’s largest truckload carriers said they are seeing green shoots in freight demand.
The bulls are coming out in support of truckload carriers, kind of. Several equity analysts are using a recent positive inflection in TL volumes, a belief that fundamentals aren’t getting materially worse, and attractive valuation multiples to become more positive on the stocks.
U.S. Xpress sees a tough second quarter, but expects industry fundamentals to firm as excess capacity exits the market.
Schneider wins award for security excellence, while US Xpress honored as carrier of the year by FedEx Ground
An Indiana judge sided with Dollar General in a negligence lawsuit filed by a former U.S. Xpress (NYSE: USX) delivery driver, who claimed his arm was ripped from its socket while unloading an overweight container at one of its stores in May of 2016.
The combination of volume weakness, excess capacity, declining rates and formidable year-over-year earnings comparisons have resulted in the public carriers finally waving the white flag and acknowledging that 2019 will be a struggle.
Another shoe drops as the heart of truckload earnings season commences with Knight-Swift saying that it won’t meet analyst expectations.
Those convicted will be banned for life from obtaining a CDL.
U.S. Xpress lowered its financial outlook for the second quarter 2019 as well as the full year.
Maximum limit would be required for new and existing trucks weighing over 26,000 lbs.
2019 is shaping up to be the worst year for trucking in the past five years.
Eroding fundamentals in the truckload carrier market have led analysts to lower their earnings estimates for the carriers they cover.
The Trucking Alliance urges action on federal hair-testing guidelines
Truckload carrier stocks have held up through the last six trading sessions, walking through a couple of potential body blows.
Good day, U.S. Xpress has announced a partnership with Operation Freedom Dogs, a nonprofit that provides combat veterans with service dogs to help them reconnect to society. Through the partnership, […]
U.S. President Donald Trump is pushing ahead on the successor of NAFTA following the end of tariffs on Canadian and Mexican metals.
U.S. Xpress provides some color on the company and the freight environment.
A California federal court dismissed part of a class-action lawsuit against U.S. Xpress (NYSE: USX) that claimed the Chattanooga, Tennessee-based truckload carrier violated the state’s meal and rest break laws. […]
U.S. Xpress held a call with analysts and the media to discuss its first quarter 2019 earnings, which were $0.15 per share compared to the consensus estimate of $0.18.
U.S. Xpress (NYSE: USX), a Chattanooga-based truckload carrier, reported adjusted earnings per share of $0.15 compared to the consensus estimate of $0.18.
Chattanooga, Tennessee-based U.S. Xpress Enterprises, Inc. announced on April 22 it has created a new division, U.S. Xpress Ventures, and has appointed Cameron Ramsdell as president.
U.S. Xpress Enterprises, Inc. (NYSE: USX), announced a partnership with Truckers Against Trafficking (TAT) this week to combat human trafficking.
U.S. Xpress driver Tim Keckley was also honored as one of P&G’s “Drivers of the Year”
J.B. Hunt wants to make freight marketplaces more efficient by making information more transparent.
US Xpress (NYSE: USX) showcased its competency-aligned driver simulator program at the 2019 LINK supply chain conference in Orlando.
Freight Alley in Chattanooga was the scene on the afternoon of February 21, when executives from FreightWaves, Nodal Exchange, DAT and K-Ratio presented the Trucking Freight Futures roadshow. Trucking Freight Futures debut on the Nodal Exchange on March 29.
The idea is to move from lecture-style classes to a hands-on, technology-driven approach, in an effort to set up drivers for long term success.
USX shifted its fleet away from over-the-road toward dedicated and lowered its adjusted operating ratio to 92.5%.
U.S. Xpress Enterprises is selling its interest in its Mexican cross-border operation, but the company is not abandoning the Mexican market, says its CEO.
U.S. Xpress today announced its plan today to exit its U.S.-Mexico cross border investment as part of its ongoing capital allocation and profit improvement initiatives.
Everyone knew the quarter was weaker than it had been. The question is how much. Stock prices have reflected a significant slowdown.
A museum and hall of fame dedicated to the trucking industry is set to open in Chattanooga, TN in April 2019. The museum will be the only museum that is dedicated to the founders and companies that have made up the history of the trucking industry.
The Swift program will offer courses through Southern New Hampshire University.
Also today: going to jail for bogus CDLs; ecommerce driving the Canada Post labor dispute.
U.S. Xpress CEO Fuller warns that a lot of companies are still working with 30-year-old technology.
FreightWaves adds industry technology veteran Jeff Seibenhener to the roster of Market Experts. His Market Expert focus will be on trucking technology.
Also in the pickup: better tools for sleep apnea instruments in sleeper berths; does Buffet care about BNSF’ OR?
There’s been a flight to quality that has led some shippers and carriers out of the spot market, Fuller said.
The driver squeeze forced U.S. Xpress to shift resources from OTR to Dedicated. Still, it posted a healthy increase in its OR.
U.S. Xpress Enterprises recently announced the promotion of longtime employee Justin Harness from senior vice president of dedicated operations to chief marketing officer.
Tight capacity and soaring spot rates have more customers looking at dedicated capacity for coming year.
The truckload carrier is offering the Full Ride program to both recruit new drivers and retain the ones they have, paying full tuition at online Ashford.
After remaining flat in 2015-16, the average fleet fuel economy for the nation’s top fleets improved in 2017, according to research conducted by the North American Council for Freight Efficiency (NACFE).
U.S. Xpress placed an automated robocall to a driver, seeking to recruit him to join their company. The result? A lawsuit in federal court.
Using Driver iQ’s Q218 survey on driver recruitment and retention as a point of reference, Stifel Capital Markets hosted Lana Batts, Co-President of Driver iQ and Eric Fuller, President and CEO of U.S. Xpress, inc. to discuss driver recruitment and retention trends in 2018 and beyond.
Nikola Motor Company raised over $100 million in August, and the company’s CEO Trevor Milton expects its $200 million C round to be oversubscribed. Nikola boasts a $1.1 billion pre-money valuation.
Receipts from the June IPO allowed a significant reduction in debt while other initiatives cut its OR to the lowest level in years.
U.S. Xpress overhauled its management and its capitalization to get to the public markets.
U.S. Xpress goes public; retail sales numbers explode for May; BNSF seeks positive train control delay; Brussels airport goes to blockchain for air cargo management; American LNG exports expected to benefit the entire economy.
U.S. Xpress is profitable on an operating basis, but a heavy debt burden will be reduced in the recapitalization of the company.
UPS is asking for inclusion of part-time drivers to make Sunday deliveries and also to allow use of personal vehicles in its latest demands in contract negotiations with the Teamsters, according to reports.
The myth of the 10-mpg truck has been proven wrong thanks to a group of seven drivers with seven differently equipped tractor-trailers driving for seven different companies.
Seven fleets will participate in the North American Council for Freight Efficiency’s Run on Less program to showcase the benefits of fuel-saving technologies.
As the next generation of the Fuller and Quinn families take on leadership roles of U.S. Xpress, data is becoming more important than ever. Eric Fuller, who succeeds his father Max as CEO, says that technology is poised to change the industry in ways never before imagined.
Amazingly, there’s one area of the country where more than 80% of the nation’s freight travels through on its way to its final destination. It’s not Chicago, New York or Dallas. It’s not even in the center of the U.S. Meet Freight Alley.
In a world of volatile diesel fuel prices that rise and fall on a daily basis, the biggest operational variable for any trucking fleet is not within their control. Nikola Motor is promising to change that with its hydrogen-powered electric tractor. U.S. Xpress, is one fleet that believes the future may be hydrogen.
