U.S. Xpress Enterprises, Inc. (USX) News
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Latest USX News From Around the Web
Below are the latest news stories about US XPRESS ENTERPRISES INC that investors may wish to consider to help them evaluate USX as an investment opportunity.
U.S. Xpress’ Fuller joining nonprofit focused on sustainable mobilityThe outgoing head of U.S. Xpress is joining a Chattanooga, Tennessee-based nonprofit that focuses on sustainable mobility entrepreneurs. The post U.S. Xpress’ Fuller joining nonprofit focused on sustainable mobility appeared first on FreightWaves. |
U.S. Xpress Enterprises First Quarter 2023 Earnings: Misses ExpectationsU.S. Xpress Enterprises ( NYSE:USX ) First Quarter 2023 Results Key Financial Results Revenue: US$492.7m (down 4.7... |
U.S. Xpress lays off staff, reports significant loss to SECU.S. Xpress has laid off about 150 staffers and reported a hefty loss to the SEC. The post U.S. Xpress lays off staff, reports significant loss to SEC appeared first on FreightWaves. |
Analysts Estimate U.S. Xpress (USX) to Report a Decline in Earnings: What to Look Out forU.S. Xpress (USX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations. |
U.S. Xpress Enterprises' (NYSE:USX) investors will be pleased with their decent 92% return over the last yearPassive investing in index funds can generate returns that roughly match the overall market. But if you pick the right... |
Why U.S. Xpress Enterprises Stock Is Up Big This WeekU.S. Xpress Enterprises (NYSE: USX) was the target of a big-premium buyout this week, and its stock is in the fast lane as a result. Shares of the trucking company are up more than 280% for the week, according to data provided by S&P Global Market Intelligence, after the company agreed to be acquired by Knight-Swift Transportation Holdings (NYSE: KNX). U.S. Xpress is a Tennessee-based trucking company that operates from a network of 14 facilities located primarily in the Eastern half of the U.S. The company generated about $2.2 billion in total operating revenue in 2022, operating a fleet of about 7,200 tractors and 14,400 trailers. |
Bank Rally Fuels Broad-Market Gains MiddayAll three major indexes are boasting respectable leads at midday. |
Why Is U.S. Xpress (USX) Stock Up 300% Today?Knight-Swift will acquire U.S. |
Why U.S. Xpress Enterprises Shares Are Skyrocketing TodayKnight-Swift Transportation Holdings Inc (NYSE: KNX) has agreed to acquire U.S. Xpress Enterprises Inc (NYSE: USX) for a total enterprise value of ~$808 million, excluding transaction costs. The total enterprise value represents Knight-Swift assuming USX's $484 million of outstanding debt and finance leases and purchasing its outstanding equity for $324 million, or $6.15 per share. The deal represents a 310% premium over USX's closing stock price of $1.50 on Mar. 20, 2023. As part of the deal, M |
Knight-Swift Transportation Agrees to Acquire U.S. Xpress Enterprises for $6.15 Per SharePHOENIX & CHATTANOOGA, Tenn., March 21, 2023--Knight-Swift Transportation Holdings Inc. (NYSE: KNX) ("Knight-Swift") and U.S. Xpress Enterprises, Inc. (NYSE: USX) ("U.S. Xpress") today announced an agreement under which Knight-Swift will acquire U.S. Xpress for a total enterprise value of approximately $808 million, excluding transaction costs. The transaction has been unanimously approved by the Board of Directors of Knight-Swift and a Special Committee of the independent directors of the U.S. |