USX - USX STOCK NEWS

U.S. Xpress Enterprises (NYSE: USX) has released a Safe Trucking Report highlighting its advanced safety practices, including maintaining insurance levels above DOT requirements and implementing hair testing for drivers. The report indicates that 76% of adults support increasing liability insurance minimums for trucking companies, and 71% favor hair testing over urine testing. Furthermore, U.S. Xpress is equipped with event recorders, speed limiters, and air disc brakes, enhancing safety and efficiency. These innovations reflect the company's commitment to safety and partnership with shippers.

U.S. Xpress Enterprises, Inc. (NYSE: USX), the fifth largest asset-based truckload carrier in the U.S., will have President and CEO Eric Fuller and CFO Eric Peterson participate in a fireside chat at the B. Riley Securities Sustainable Energy & Technology Conference on March 10, 2021, at 3:00 p.m. ET. The conversation will be accessible via a live audio webcast on the Company’s investor website and archived for future viewing.

U.S. Xpress Enterprises (NYSE: USX) has announced participation in two upcoming industry conferences. Management, including President Eric Fuller and CFO Eric Peterson, will present at the Raymond James 42nd Annual Institutional Investors Conference on March 3, 2021, and the J.P. Morgan Industrials Conference on March 16, 2021. Both presentations will be available via a live audio webcast on the Company’s investor website. U.S. Xpress, a top asset-based truckload carrier, is committed to leveraging technology and skilled drivers to enhance freight movement for diverse customers.

U.S. Xpress Enterprises, Inc. (NYSE: USX) released its 2021 Corporate Responsibility Report, outlining achievements in environmental responsibility, community engagement, and corporate leadership. The company aims to cut carbon emissions by 60% by 2035, benefiting from a long-term partnership with the EPA’s SmartWay program. U.S. Xpress plans to double community involvement by 2025, focusing on safety, veteran programs, education, and health. The report also discusses leadership diversity and employee benefits, emphasizing the importance of these metrics to stakeholders.

U.S. Xpress Enterprises (NYSE: USX) reported strong fourth-quarter results for 2020, achieving operating revenue of $455.6 million, up from $449.6 million in 2019. Net income reached $7.6 million, or $0.15 per diluted share, compared to a loss of $9.6 million in the previous year. Notably, brokerage revenue surged 41% to $76.4 million, with 60% of transactions processed digitally. The Variant digital fleet contributed 9.4% of truckload revenues, and the company plans to expand its fleet further. Overall, U.S. Xpress positions itself for growth in a fragmented $800 billion market.

U.S. Xpress Enterprises (NYSE: USX) has announced a strategic investment in TuSimple, a leader in autonomous trucking technology. This partnership aims to enhance U.S. Xpress's operational capabilities by integrating self-driving solutions into their shipping processes. CEO Eric Fuller will join TuSimple's Executive Advisory Board, furthering collaboration. The company has begun testing TuSimple's technology on select shipping lanes to improve safety and efficiency. This move aligns with U.S. Xpress's goal to evolve from traditional trucking to a technology-driven transportation provider.

U.S. Xpress Enterprises (NYSE: USX) released its 2021 economic forecast, addressing critical trends impacting the trucking industry. Key insights include a shortage of nearly 200,000 drivers due to reduced training and regulatory changes, likely leading to decreased truckload capacity and increased driver pay. Despite strong freight activity, the economic growth is expected to cool due to ongoing pandemic effects. Increased government spending may bolster freight volumes but could deter drivers from returning to the workforce. Contract rates are projected to rise by 8-15% in 2021 due to high demand and reduced capacity.

U.S. Xpress Enterprises, Inc. (NYSE: USX) has appointed Jake Lawson as Chief Commercial Officer and Justin Harness as President of the Dedicated division. Lawson, previously at Whirlpool, takes over sales, pricing, and customer engagement, while Harness, with 20 years in operations, will focus on growing the Dedicated division, which generates 35-40% of the Company’s revenue. Both executives will operate from the Chattanooga headquarters, enhancing U.S. Xpress's commitment to customer relationships and digital solutions amidst its transition to a digital transportation provider.

U.S. Xpress Enterprises, Inc. (NYSE:USX), the fifth largest asset-based truckload carrier in the U.S., will announce its fourth quarter and full year 2020 results on January 28, 2021, after market close. A conference call will follow at 5:00 p.m. Eastern Time, accessible by phone or via webcast on the company's investor relations website. A replay will be available after the call until February 4, 2021. The company, founded in 1985, offers diverse freight services and focuses on innovative technology to enhance efficiency and driver experience.