Us Xpress Enterprises Stock Price, News & Analysis

U.S. Xpress Enterprises (NYSE: USX), a leading truckload carrier, announced participation in the Wolfe Research 13th Annual Truck Forum on December 8, 2020, featuring CEO Eric Fuller and CFO Eric Peterson. The event will be accessible via a live audio webcast on the company's investor website, with an archive available for about 90 days. U.S. Xpress, founded in 1985, provides an array of transportation services using advanced technology and a modern fleet to improve efficiency in freight movement.

U.S. Xpress emphasizes the importance of professional truck drivers during the holiday season, highlighting year-over-year travel trends. AAA projects a significant drop in air travel, while automobile travel sees only a 4% decline. Caron Comas, a veteran truck driver, shares essential road trip tips for safety and efficiency, including maintaining distance from trucks and preparing for varied traffic conditions. U.S. Xpress, a major truckload carrier, focuses on innovative technology and a well-trained workforce to enhance service delivery.

U.S. Xpress Enterprises (NYSE: USX) announced that CEO Eric Fuller and CFO Eric Peterson will participate in the Stephens Annual Investment Conference on November 17, 2020, at 8:00 a.m. ET. A live audio webcast will be available for investors on the company's website and archived for 90 days. U.S. Xpress is the fifth largest asset-based truckload carrier in the U.S., providing extensive services through a modern truckload fleet and third-party carriers. The company's focus is to meet the needs of its customers and drivers effectively.

U.S. Xpress announces a collaboration with MIT's Center for Transportation & Logistics to enhance driver efficiency using data analytics and artificial intelligence. The project will analyze statistics from over 7,500 tractors and nearly 15,000 trailers. MIT will publish its findings in Summer 2021. President Eric Fuller emphasized that improving efficiency can benefit drivers and shipping partners alike. U.S. Xpress continues to innovate with technology, including parking locators and predictive analytics, to optimize freight movement.

U.S. Xpress Enterprises (NYSE: USX) announced its first graduates from the Full Ride free college tuition program, aimed at drivers, technicians, and their dependents. Launched in September 2018, the initiative allows participants to earn degrees from Ashford University at no cost. Nearly 600 employees have utilized the program, with 221 currently enrolled. This effort aligns with the company’s strategy to attract and retain talent in the trucking industry, which anticipates a 31% growth in truck tonnage over the next decade.

U.S. Xpress Enterprises (NYSE: USX) reported robust third-quarter 2020 results, with operating revenue of $431.5 million, up from $428.5 million in Q3 2019. Operating income surged to $15.9 million from $3.3 million a year prior. The operating ratio improved to 96.3%, reflecting enhanced operational efficiency. Net income reached $10.7 million, or $0.20 per diluted share, compared to a loss of $1.4 million in Q3 2019. The company continues to scale its digital fleet, aiming for 900 tractors by Q1 2021. Enhanced drivers' recruiting is expected to bolster performance moving forward.

U.S. Xpress Enterprises, Inc. (NYSE:USX), the fifth largest asset-based truckload carrier in the U.S., will announce its third quarter 2020 results on October 22, 2020, after market close. A conference call to discuss the earnings will be held at 5:00 p.m. (Eastern Time) the same day. Investors can join the call by dialing 1-877-423-9813 or via a webcast at investor.usxpress.com. A replay of the call will be accessible from 8:00 p.m. on October 22 until October 29. U.S. Xpress has been operational since 1985, focusing on meeting customer and driver needs.