|Bid||3.5100 x 800|
|Ask||3.5400 x 900|
|Day's Range||3.5000 - 3.6900|
|52 Week Range||3.5000 - 16.3400|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||5.68|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
How much are employees worth, in profit dollars, to some of the state's largest companies? It runs the gamut from $1,200 to more than $237,000 per employee.
Chattanooga-based truckload (TL) carrier U.S. Xpress (NYSE: USX) reported adjusted earnings per share of $0.06, worse than the consensus estimate of $0.12. Adjusted operating income was 64.8 percent lower at $9.3 million. The adjusted operating ratio (OR) deteriorated 410 basis points to 97.5 percent, which was in-line with the company's updated guidance.
U.S. Xpress Enterprises, Inc. (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.
Truckload and logistics provider Schneider Inc. (NYSE: SNDR) announced that it received the "Best in Cargo Security" award in the large carrier category from cargo security consultant CargoNet. Separately, truckload carrier U.S. Xpress Enterprises Inc. (NYSE: USX) announced July 23 that it was named "Carrier of the Year" for 2019 by FedEx Ground, the ground-delivery unit of FedEx Corp. (NYSE: FDX).
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. Indiana U.S. District Court Judge Tanya Walton Pratt granted Dollar General's motion for summary judgment on July 16, claiming the discount chain relinquished all control over the trailer and its contents to U.S. Xpress and its delivery driver, Lee Till, once the truck left its distribution center, according to the agreed-upon dedicated account contract.
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A day after truckload (TL) carriers' stocks rallied on the not-as-bad-as-expected earnings report from J.B. Hunt (NASDAQ: JBHT), Knight-Swift Transportation Holdings, Inc. (NYSE: KNX) negatively pre-announced its earnings expectations. In a press release, KNX said that it now expects second quarter 2019 adjusted earnings per share to be in the range of $0.57 to $0.58, lower than the previous guidance range of $0.62 to $0.64 and the consensus estimate of $0.61. Additionally, third quarter 2019 earnings per share guidance was lowered to a range of $0.54 to $0.57, down from the previous guidance range of $0.62 to $0.66 and lower than the consensus estimate of $0.62.
Chattanooga-based truckload (TL) carrier U.S. Xpress (NYSE: USX) lowered its financial outlook for the second quarter 2019 as well as the full year. The company said that current unfavorable market conditions have caused it to raise its adjusted operating ratio (OR) target to 97.5 percent for the second quarter 2019 versus the previous guidance, which called for sequential improvement from the 95.7 percent mark reported in 2019's first quarter. The lower the OR, operating expenses as a percentage of revenue, the more operating income earned.
Shares of U.S. Xpress Enterprises Inc. fell more than 7% in the extended session Thursday after the trucking company lowered its expectations for the second quarter, saying that market conditions "continue to underperform original expectations" and there's no seasonal boost. U.S. Xpress said it expects second-quarter adjusted operating ratio to about 97.5%, versus a previous expectations of "improvement" from the 95.7% adjusted operating ratio in the first quarter. The company also lowered its capital-expenditure budget for the year to betwee $110 million and $130 million, compared with a prior guidance of $170 million and $190 million. It will defer tractor deliveries and cut the planned replacement of leased equipment with owned, the company said. "Our balance sheet remains solid, and we anticipate remaining comfortably within our financial covenants and liquidity target through the balance of the year and beyond," the company said. Shares of U.S. Xpress ended the regular trading day 3.8%.
The American Trucking Associations (ATA) will stay out of the long-running fight over establishing a national standard for twin 33-foot trailers because its membership is too divided over the issue for the group to speak with one voice, a top ATA official said Wednesday. ATA First Vice-Chairman Randy Guillot, who is also president of intermodal and dry van trucking company Southeastern Motor Freight, Inc., said ATA "cannot get the needle moved" in the debate because it lacks a unified position. Speaking at the SMC3 summer conference in Colorado Springs, Colorado, Guillot said ATA supports efficiency improvements.
Truckload (TL) carrier stocks have held up through the last six trading sessions, walking through a couple of potential body blows. The first came in the form of a tweet from President Trump announcing his intention to impose new and escalating rounds of tariffs on goods imported from Mexico. Then several companies at two different investor conferences (Deutsche Bank and UBS) confirmed what the data has shown for a few weeks now – the normal seasonal lift in freight volumes hasn't occurred thus far and TL spot market rates are off more than 20 percent.
U.S. Xpress Enterprises Inc (NYSE: USX) 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, U.S. Xpress proudly supports and values the experience, commitment and work ethic of veterans from all branches of service," said Eric Fuller, president and CEO of U.S. Xpress.
The introduction of the drug and alcohol clearinghouse in January 2020 is going to have a bigger impact on truck capacity than the recent implementation of the electronic logging device (ELD) rule, according to Eric Fuller. Fuller, the CEO of U.S. Xpress (NYSE: USX), made the remarks on a panel at the Wolfe Research Global Transportation Conference in New York Tuesday. "I have a strong opinion on the drug clearinghouse," Fuller said.
Chattanooga-based truckload (TL) carrier U.S. Xpress (NYSE: USX) provided some color on the company and the freight environment in a fireside chat at the Bank of America Merrill Lynch (BAML) 2019 Transportation and Industrials Conference. President and Chief Executive Officer Eric Fuller provided an overview of the current market, which he described as weaker than the normal seasonality typically seen in April and May. He noted that there was a little life in May, but not the normal seasonal uptick in freight demand that the market usually sees. Other than the environment, USX has some cost levers that can help it achieve the goal.
In a recently released Choice Equities Capital Management's Q1 2019 Investor Letter (track down here), the fund reported 10.5% quarterly return. It also examined several stocks in its equity portfolio, among which was, a new position - U.S. Xpress Enterprises, Inc. (NYSE:USX). We added one new position in the quarter with the acquisition of shares […]
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. The May 3 order by the Central District Court of California dismissed claims by plaintiff Anthony Ayala and approximately 1,000 California truck drivers in a lawsuit filed in 2015. The order was based on the decision by the Federal Motor Carrier Safety Administration (FMCSA) in December pre-empting California's meal and rest break rules.
U.S. Xpress (NYSE: USX), a Chattanooga-based truckload (TL) carrier, 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. The company said that given the subdued freight market thus far in the quarter it now expects its operating ratio (OR) will be worse year-over-year in the second quarter (second quarter 2018 OR was 93.4 percent). Management said that the OR goal could be achieved if the spot market were to produce a little improvement in both volumes and price.
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. USX reported operating revenue of $415.4 million ...
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Chattanooga, Tennessee-based U.S. Xpress Enterprises, Inc. (NYSE: USX) announced on April 22 it has created a new division, U.S. Xpress Ventures, and has appointed Cameron Ramsdell as president. The newly-formed division will serve as an "internal business unit focused on developing and implementing new asset-based business models and technology strategies," Eric Fuller, president and chief executive of U.S. Xpress said in a release. "Technology and innovation remain a top priority for U.S. Xpress as we work to advance our strategic initiatives, we believe are designed to deliver industry-leading profitability," he said.