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.
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.
June 4, 2018
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.
Credit:
Deborah Lockridge
1 min to read
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
ATA’s Spear Warns Fuel Prices, Trade Policy, and Global Conflict Could Stall Trucking Recovery
Speaking at the TMC Annual Meeting in Nashville, ATA President Chris Spear said trucking faces mounting pressure from rising fuel prices, geopolitical instability, and uncertainty around trade policy.
Read More →
New Entrants, Chameleon Carriers, and Safety: Is It Too Easy to Start a Trucking Company?
More than 100,000 new trucking companies enter the industry each year, but regulators manage to audit only a fraction of them. That churn creates opportunities for inexperienced startups — and for “chameleon carriers” that shut down after safety violations and reappear under new identities. Read more from Deborah Lockridge in this commentary.
Read More →
Fleet Managers Invited to Apply for Exclusive HDT Exchange Event
HDTX is an intimate event that connects heavy-duty trucking fleet managers with industry suppliers through small-group discussions, educational sessions, and structured one-on-one meetings.
Read More →
DAT Launches iPhone Widget to Help Owner-Operators Find Loads Faster
New DAT One feature shows top-paying loads directly on an iPhone’s home screen, helping carriers react faster to spot-market opportunities.
Read More →
Optimal Dynamics Launches AI System to Help Carriers Choose Better Freight
Optimal Dynamics says its new Scale platform uses AI agents and optimization to help carriers find and secure freight that improves network balance and profitability.
Read More →
DAT: Flatbed Demand Climbs as Van and Reefer Rates Soften
DAT Freight & Analytics data shows tightening flatbed capacity, easing produce markets, and softening van and reefer rates.
Read More →
Run on Less “Messy Middle” Data Shows Multiple Paths Forward for Truck Powertrains [Watch]
NACFE's Run on Less - Messy Middle project demonstrates the power of data in helping to guide the future of alternative fuels and powertrains for heavy-duty trucks.
Read More →
Federal Court Lets NYC Congestion Pricing Continue
A federal court ruling allows New York City’s congestion pricing program to continue, leaving truck tolls in place for fleets delivering into Manhattan.
Read More →
Fontaine Modification Launches Real-Time Truck Modification Tracking Portal
Fontaine Modification has introduced a new customer portal designed to give fleets real-time visibility into the truck modification process, addressing one of the most common questions fleet managers face: “Where’s my truck?”
Read More →
FTR: Trucking Conditions Index Climbs to Highest Level Since 2022
Strong freight rates, rising volumes and tighter capacity push trucking conditions higher, though diesel prices could temper gains in the near term, FTR cautions.
Read More →