U.S. Xpress Revenue Dips Due to Lower Spot Rates

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Please be advised that while the Partnership operates in the form of a limited partnership, it has made appropriate elections with the U.S. Internal Revenue Service. ratio will be lower than in the.

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Chattanooga, Tenn. (May 31, 2019) – U.S. Xpress Enterprises, Inc. (NYSE:USX), the nation's fifth largest asset-based truckload carrier by revenue, today.

revenue on a per load basis, and due in part to higher fuel prices. Brokerage. used to reduce net debt by approximately $236.2 million during the quarter.. Forward-looking statements are based upon the current beliefs

 · Gannett shares were trading 7.10 percent lower at $14.14 at mid-day on Wall Street. The McLean, Virginia-based Gannett, the largest US newspaper chain, posted a net profit of.

USX reported operating revenues of $469.2 million for the quarter, an 8.8 percent year-over-year increase. U.S. Xpress' operating ratio (OR) dropped 160 basis points (bps) year-over-year to 95.5. with strong dedicated and contract businesses feel from the current downturn in spot rates.. Related Articles.

U.S. Xpress lowered its financial outlook for the second quarter. The lower the OR, operating expenses as a percentage of revenue, the. into 2019 as spot market rates surged and many fleet owners used. Related Articles.

In the first quarter of 2018, it was only 9 percent of revenue. Looking a little longer term, the news from the last quarter that may have been skipped over is the fact that the Cronos completed its $2.4-billion deal with Altria Group (NYSE: MO), the U.S.-based cigarette maker. Building on this partnership, the company earlier this month opened.

U.S. Xpress is the 2nd largest privately held transportation company, so be sure to keep up with the latest. U.S. Xpress Revenue Dips Due to Lower Spot Rates.

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