Variant, U.S. Xpress' digital fleet, was supposed to be the future, using telematics data and complex algorithms to manage the fleet. At first, it was a success. But last year things started going downhill.
Fleet Financial Trends Imply Solid Start to 2022
As we neared the end of 2021 and took a look at third-quarter fleet earnings reports, the news looked good — good enough that the stock prices of the group were up 15.6% during the earnings reporting season, compared to the Standard & Poor’s 500 Index that was up 7.6%.