US Xpress Enterprises

US Xpress Enterprises, Inc. engages in the provision of truckload carrier services. It operates through the Truckload and Brokerage segments. The Truckload segment offers asset-based truckload services, including over-the-road and dedicated contract services. The Brokerage segment is involved in non-asset based freight brokerage services. The company was founded by Max L. Fuller and Patrick Quinn in 1985 and is headquartered in Chattanooga, TN.

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U.S. Xpress Enterprises is a trucking company that provides customers with the on-demand capacity of their own private fleet that delivers on a daily basis. Xpress offers customers a broad portfolio of services using its own truckload fleet and third-party carriers through its non-asset-based truck brokerage network.

Knight-Swift Transportation Holdings

Knight-Swift Transportation warned Wednesday that second-quarter results are likely to disappoint in a news release also confirming it has closed on the previously announced acquisition of truckload carrier U.S. Xpress. The transportation and logistics provider said a weaker than expected operating environment in the truckload sector would likely result in consolidated operating margin deterioration of 1,100 to 1,200 basis points year over year (y/y) in the second quarter and that its full-year guidance would be updated when it reports results on July 20.

Knight-Swift lowers Q2 expectations, closes on U.S. Xpress deal

The Knight-Swift acquisition of truckload carrier U.S. Xpress has closed, with U.S. Xpress stock no longer trading and the company filing a delisting document with the Securities and Exchange Commission. Knight-Swift (NYSE: KNX) has made no comment or filing about the closing of the deal, but U.S. Xpress' notice Monday to the SEC delisting its stock from the New York Stock Exchange says the closing was effective July 1.

U.S. Xpress filing confirms closing of its sale to Knight-Swift

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of U.S. Xpress Enterprises, Inc. (NYSE: USX) to Knight-Swift Transportation Holdings Inc. (NYSE: KNX). Under the terms of the proposed transaction, shareholders of U.S. Xpress will receive $6.15 in cash for each share of U.S. Xpress that they own. KSF is seeking to determine whether this consideration and the pro.

U.S. XPRESS INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of U.S. Xpress Enterprises, Inc. - USX

U.S. Xpress, on the verge of being acquired by Knight-Swift, recently laid off about 150 employees as its earnings report filed with the Securities and Exchange Commission showed a significantly widened loss for the truckload carrier. “We did recently make the difficult decision to reduce roles in a few business areas in response to challenging market conditions,” a spokeswoman said in an email to FreightWaves.

U.S. Xpress lays off staff, reports significant loss to SEC

U.S. Xpress, headed toward being acquired by Knight Swift (NYSE: KNX), has settled litigation that goes back to its initial public offering and what followed in the months after it became a publicly traded company. The $13 million settlement will need one more court hearing, scheduled for July 10, to be fully implemented.

U.S. Xpress settles class-action suit going back to its early IPO days

U.S. Xpress (USX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate U.S. Xpress (USX) to Report a Decline in Earnings: What to Look Out for

U.S. Xpress agreed this week to be acquired by Knight-Swift in a deal that values the company at about $800 million. The offer is a substantial premium over where U.S. Xpress shares traded.

Why U.S. Xpress Enterprises Stock Is Up Big This Week

Knight-Swift Transportation is buying U.S. Xpress Enterprises for $808 million. These are the details.

Knight Transportation Buying U.S. Xpress Enterprises For $808 Million: Details (KNX) (USX)

Knight-Swift Transportation's latest acquisition is a bit of a reversal from recent initiatives, which were designed to dilute some of the cyclicality inherent in being an over-the-road truckload carrier. Those actions included acquiring less-than-truckload assets and building out a power-only brokerage offering.

Knight-Swift to remain on M&A prowl, still looking at LTL targets

NEW YORK , March 21, 2023 /PRNewswire/ -- Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of U.S. Xpress Enterprises, Inc. ("U.S. Xpress" or the "Company") (NYSE: USX), in connection with the proposed acquisition of the Company by Knight-Swift Transportation Holdings Inc. (NYSE: KNX).  Under the merger agreement, the Company's shareholders will receive $6.15 in cash for each share of U.S. Xpress owned.

SHAREHOLDER ALERT: Weiss Law Investigates U.S. Xpress Enterprises, Inc.

Shares of US Xpress Enterprises (NYSE: USX ) are soaring on Tuesday, as USX stock is up almost 300%. It's not often we get an overnight quadruple in a stock piece.

Why Is U.S. Xpress (USX) Stock Up 300% Today?

The acquisition at four times Monday's closing stock price for the rival carrier will boost Knight-Swift's fleet to about 25,000 trucks.

Trucking Giant Knight-Swift Transportation to Buy U.S. Xpress

MILWAUKEE , March 21, 2023 /PRNewswire/ -- Ademi LLP is investigating U.S. Xpress (NYSE: USX) for possible breaches of fiduciary duty and other violations of law in its transaction with Knight-Swift.  Click here to learn how to join the action https://www.ademilaw.com/case/xpress-enterprises-inc or call Guri Ademi toll-free at 866-264-3995.

Shareholder Alert: Ademi LLP investigates whether U.S. Xpress Enterprises, Inc. has obtained a Fair Price in its transaction with Knight-Swift

U.S. Xpress Enterprises told investors it agreed to a $808 million takeover by Knight-Swift Transportation Holdings, sending its share 300% higher shortly after the market opened.  The Chattanooga-based trucking company said the $6.15 per share deal has been approved by Knight-Swift's board of directors of Knight-Swift as well as a special committee of its own independent directors and is expected to close late in the second quarter or early third quarter of 2023, subject to customary closing conditions.

U.S. Xpress Enterprises' stock motors on $808M takeover deal with Knight-Swift

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of U.S. Xpress Enterprises, Inc. (NYSE: USX) to Knight-Swift Transportation Holdings Inc. for $6.15 per share in cash is fair to U.S. Xpress shareholders. Halper Sadeh encourages U.S. Xpress shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com.

USX Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of U.S. Xpress Enterprises, Inc. Is Fair to Shareholders

The multiyear decline in the financial fortunes of U.S. Xpress are coming to an end with the announcement Tuesday that the truckload carrier is being bought by Knight-Swift at a significant premium to the company's Monday closing stock price. In one of the largest truckload carrier sales in history, Knight-Swift (NYSE: KNX) said it is paying $808 million for U.S. Xpress (NYSE: USX).

U.S. Xpress being acquired by Knight-Swift

PHOENIX & CHATTANOOGA, Tenn.--(BUSINESS WIRE)--Knight-Swift Transportation Holdings Inc. (NYSE: KNX) ("Knight-Swift") and U.S. Xpress Enterprises, Inc. (NYSE: USX) ("U.S. Xpress") today announced an agreement under which Knight-Swift will acquire U.S. Xpress for a total enterprise value of approximately $808 million, excluding transaction costs. The transaction has been unanimously approved by the Board of Directors of Knight-Swift and a Special Committee of the independent directors of the U.

Knight-Swift Transportation Agrees to Acquire U.S. Xpress Enterprises for $6.15 Per Share

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U.S. Xpress Enterprises, Inc. (NYSE:USX ) Q4 2022 Earnings Conference Call February 9, 2023 5:00 PM ET Company Participants Matt Garvie - Vice President, Investor Relations Eric Fuller - President and CEO Eric Peterson - Chief Financial Officer Conference Call Participants Ken Hoexter - Bank of America Christyne McGarvey - Morgan Stanley Brian Ossenbeck - JPMorgan Operator Ladies and gentlemen, thank you for standing by. My name is Brent, and I will be your conference operator today.

U.S. Xpress Enterprises, Inc. (USX) Q4 2022 Earnings Call Transcript

U.S. Xpress (USX) delivered earnings and revenue surprises of -50% and 4.10%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

U.S. Xpress (USX) Reports Q4 Loss, Tops Revenue Estimates

When reviewing the fourth-quarter 2022 earnings of U.S. Xpress, the normal course is to compare it to the fourth quarter of 2021.  But U.S. Xpress (NYSE: USX) made two significant pivots in operating strategy in the past two years — the launch and earlier advocacy of Variant and the withdrawal from it — so a sequential comparison from the third quarter to the fourth might be more valuable.

U.S. Xpress execs optimistic in face of another red-ink quarter

CHATTANOOGA, Tenn.--(BUSINESS WIRE)--U.S. Xpress Enterprises, Inc. (NYSE: USX) today announced financial and operating results for the fourth quarter and full year 2022. Fourth Quarter 2022 Highlights (compared to Fourth Quarter 2021 unless noted otherwise) Operating revenue of $542.5 million compared to $531.6 million Operating loss of $5.7 million compared to operating loss of $5.1 million Sequentially, Realignment Plan-related cost savings were approximately $8.

U.S. Xpress Reports Fourth Quarter and Full Year 2022 Financial Results

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Bank of America said Tuesday it was more bullish on truckload stocks in 2023 as truck demand appears to have bottomed. BofA Securities (NYSE: BAC) research analyst Ken Hoexter made a rare two-step rating upgrade to “buy” from “underperform” on the shares of Schneider National (NYSE: SNDR) and Werner Enterprises (NASDAQ: WERN).

Bank of America bullish on TL stocks as ‘truck demand near floor'

CHATTANOOGA, Tenn.--( BUSINESS WIRE )--U.S. Xpress Enterprises, Inc. (NYSE: USX) today announced it plans to release its fourth quarter and full year 2022 financial results after the market closes on Thursday, February 9, 2023. U.S. Xpress will host a conference call and simultaneous webcast at 5 p.m. ET the same day to discuss its results.

U.S. Xpress Announces Fourth Quarter and Full Year 2022 Earnings Release Date

CHATTANOOGA, Tenn.--( BUSINESS WIRE )--U.S. Xpress (NYSE: USX) has once again been recognized as a top employer for military veterans and earned the 2023 Military Friendly Employer® and Military Friendly Spouse Employer® designations by VIQTORY for the seventh consecutive year. The company also received the “Best for Vets” honor by Military Times for the third year in a row. These honors spotlight an ongoing commitment to attracting and retaining military veterans across the organization.

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