U.S. Xpress cites a weaker spot market and compressed brokerage margins as reasons for the third quarter loss. However, the decision to grow its fleet, a portion of which is reliant on the spot market, drew several questions from analysts on its call.
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. Xpress will provide Operation Freedom Dogs with funding for dog adoptions and training programs. “With almost 9 percent of our workforce comprised of veterans, […]
