U.S. Xpress Launches Initial Public Offering of Stock
U.S. Xpress has officially launched its initial public offering of more than 18 million shares, expected to carry an $18-$20 price per share.
U.S. Xpress has officially launched its initial public offering of more than 18 million shares, expected to carry an $18-$20 price per share.
Deborah Lockridge
U.S. Xpress Enterprises officially announced the launch of its initial public offering of 18 million shares of its Class A common stock. The IPO price is expected to be $18-$20 per share. U.S. Xpress is issuing and selling up to 16.67 million shares, and the selling stockholders named in the registration statement are selling up to 1.39 million shares.
The company’s Class A common stock has been approved for listing on the New York Stock Exchange under the symbol USX.
U.S. Xpress was founded in 1985 by Max Fuller and Pat Quinn and has been a private company since 2007 but was publicly traded for 13 years prior to that.
The U.S. Xpress fleet consists of around 6,800 tractors and approximately 16,000 trailers with 1,300 tractors operated by independent contractors.
Related: U.S. Xpress Heads Talk Transition [Video]
More Fleet Management
What Geotab's New AI Connector Means for Fleets
Fleets can now ask their usual AI assistants questions about maintenance, safety, fuel use, and vehicle performance, using their live Geotab data, and take action on the answers without leaving their preferred AI tool.
Read More →
New C.H. Robinson Tool Opens Door to More Predictable Freight
BidBoardX lets carriers search, bid on, and secure committed freight opportunities through a single digital marketplace.
Read More →
New York City's Microhub Project is Delivering Results
Trucking, last-mile delivery companies, and environmental advocates like what they are seeing so far with New York's microhub program.
Read More →
Why Truck Detention Keeps Costing Fleets Time and Money
A 2024 ATRI study found detention affects nearly 40% of truckload stops and costs the industry more than $15 billion annually. Despite the toll on drivers, fleets, and supply chains, the problem remains stubbornly persistent.
Read More →
Time is Running Out to Apply for Exclusive HDT Event
Heavy Duty Trucking Exchange brings fleet managers and suppliers together for the deeper conversations that lead to ideas, partnerships, and solutions. Time is running out to apply for the September event.
Read More →
Amazon Launches Less-Than-Truckload Freight Offering for All Businesses
This launch is the latest addition to Amazon Supply Chain Services, a portfolio of supply chain capabilities from Amazon, including freight, distribution, fulfillment, and parcel shipping.
Read More →
Import Cargo Volume to See Year-Over-Year Gain Again in June, Then Remain Below 2025 Levels Into Fall
After July, the report predicts a weakening in import volume as consumer uncertainty remains high and the impact of increasing inflation takes its toll.
Read More →
AUCTION OF EQUITY INTEREST IN HEAVY HAUL TRUCKING COMPANY!!
Mark your calendar: June 30, 2026 (10:00 a.m. PDT). A 37.5% ownership interest in MagnaTrans, LLC, a California limited liability company doing business as Magna Transportation Group, will be sold in an in-person and online auction to the highest bidder or bidders under Article 9 of the Uniform Commercial Code. The Rancho Cucamonga-based heavy haul and over-dimensional trucking company operates across California, Oregon, and Arizona.
Read More →
Volvo Trucks Adds Unattended Over-the-Air Software Update Capabilities
The latest evolution of Volvo’s over-the-air update technology allows software updates to run while trucks are parked, helping fleets keep vehicles current without disrupting operations.
Read More →
How Waste Connections is Using Data, Telematics, and AI
How do you manage and maintain more than 18,000 connected trucks? Data. Lots of it.
Read More →