Arnold Transportation Services to be Acquired by Management in Deal With U.S. Xpress
U.S. Xpress Enterprises Inc. announced an agreement to participate in the buyout of Arnold Transportation Services Inc
U.S. Xpress Enterprises Inc. announced an agreement to participate in the buyout of Arnold Transportation Services Inc. from Jefferies Capital Partners by Arnold's management team.
The transaction is expected to close by the end of November and is subject to customary conditions to closing, including financing.
Arnold Transportation is a truckload carrier that provides regional, dedicated and medium length of haul dry van service primarily in the eastern U.S.
Arnold's maintains operating centers in Jacksonville, Fla.; Dallas, Texas; and Camp Hill, Pa. Arnold owns and operates approximately 900 of its own tractors, 520 tractors provided by owner-operators, and 4,050 trailers.
Arnold's current management will obtain 51% ownership and control of the board of directors. U.S. Xpress would obtain 49% ownership and a three-year option to purchase management's interest at a specified price. After three years, the management group would have a similar option to buy out U.S. Xpress' interest.
Arnold President and CEO Mike Walters would continue to lead the company and Arnold's entire management team is expected to remain in place. Arnold is expected to operate independently from U.S. Xpress.
More Fleet Management
How Telematics Improves Visibility, Control, and Performance in Refrigerated Fleets
Explore how telematics help refrigerated fleets improve visibility, uptime, efficiency, compliance, and cargo protection across connected cold chain operations.
Read More →
What the U.S.-Canada Trade War Means for Trucking
Escalating U.S.-Canada tariffs could disrupt cross-border freight, reduce truck volumes, raise costs, and create new uncertainty for carriers on both sides of the border.
Read More →
What Are Trucking’s Top Concerns for 2026?
The American Transportation Research Institute wants to know what's worrying trucking fleet managers, drivers, and other stakeholders in its annual Industry Issues survey.
Read More →
American Trucking Associations Looks for a New Leader
ATA President and CEO Chris Spear abruptly left his job at the association on August 21, at a pivotal time for the trucking industry.
Read More →
Public Wi-Fi Cybersecurity Risks: How Truck Drivers and Fleets Can Protect Their Data
Public Wi-Fi can expose truck drivers and fleets to credential theft, malware, and other cyber threats. Here’s how to reduce the risk on the road.
Read More →
For Nicky Cupp, Fleet Innovation Starts With Frustration
HDT Truck Fleet Innovator Nicky Cupp turns everyday pain points at Fraley & Schilling into opportunities for better technology and smarter processes.
Read More →
Adam Buttgenbach’s Approach to Electric Trucks: Start With Where They Fit
HDT Truck Fleet Innovator Adam Buttgenbach helped PepsiCo build one of North America’s largest EV fleets by focusing on where electric trucks make operational sense.
Read More →
Deen Albert: Let Automation Do the Math, People Make the Decisions
HDT Truck Fleet Innovator Deen Albert makes sure people are still at the heart of operations at Grand Island Express, even while adopting artificial intelligence tools. AI-assisted dispatch helped boost revenue 25% with the same number of trucks.
Read More →
Trimble’s New AI Agent Takes Aim at Fleet Back-Office Busywork
Arc Agent works across Trimble TMS products to automate repetitive tasks such as freight orders, maintenance, invoices, fuel costs and more.
Read More →
How HDT’s 2026 Truck Fleet Innovators Are Rethinking Fleet Operations
Meet five trucking leaders who are challenging assumptions, solving operational problems, and putting innovative ideas to work.
Read More →