U.S. Xpress
| Company type | Subsidiary |
|---|---|
| Industry | Freight transport |
| Founded | 1985 |
| Headquarters | , U.S. |
| Parent | Knight-Swift |
| Website | www |
U.S. Xpress (USX) is an American trucking company headquartered in Chattanooga, Tennessee, that has operated as a subsidiary of Knight-Swift since 2023. The company offers truckload shipping and other transportation services across the United States.
History
U.S. Xpress was founded in 1985 by Max Fuller and Patrick Quinn.[1]
The company went public in 1994, selling 2.5 million shares of common stock. It entered a period of growth in the following years, acquiring a number of transportation companies throughout the country. By 1998, U.S. Xpress was the fifth-largest publicly traded trucking firm in the United States, with a fleet of more than 4,500 vehicles.[2]
U.S. Xpress returned to private ownership in 2007, with Fuller and Quinn purchasing it from stockholders.[3][4]
The company went public for a second time in 2018, raising more than $250 million through the stock launch.[5][6] Investors later filed a lawsuit against the company, alleging that it failed to reveal information before the public offering that it was required to divulge under securities law.[7]
On March 21, 2023, Knight-Swift Transportation Holdings, one of the largest truckload carriers in North America, announced an agreement to acquire U.S. Xpress for approximately $808 million.[8][9][10]
Operations
As of 2025, U.S. Xpress has a dedicated fleet of 2,000 trucks with 2,300 drivers.[11] The company operates eleven terminals across the United States.[12]
References
- ^ Herzog 2017, p. 439.
- ^ Herzog 2017, p. 440.
- ^ Herzog 2017, p. 441.
- ^ "U.S. Xpress Enterprises Goes Private". Heavy Duty Trucking. October 12, 2007. Retrieved September 12, 2025.
- ^ James Jaillet (May 8, 2018). "U.S. Xpress plans to go public again, files for IPO". Commercial Carrier Journal. Retrieved September 12, 2025.
- ^ Dave Flessner (June 15, 2018). "U.S. Xpress raises over $250 million in stock issue". Chattanooga Times Free Press. Retrieved September 12, 2025.
- ^ David Taube (March 29, 2023). "Court approves $13M settlement between US Xpress and investors". Trucking Dive. Retrieved September 12, 2025.
- ^ Jason Cannon (March 21, 2023). "Knight-Swift acquiring U.S. Xpress for more than $800 million". Commercial Carrier Journal. Retrieved September 12, 2025.
- ^ Colin Kellaher (March 21, 2023). "Trucking Giant Knight-Swift Transportation to Buy U.S. Xpress". The Wall Street Journal. Retrieved September 12, 2025.
- ^ David Taube (April 28, 2023). "How Knight-Swift's deal with US Xpress unfolded". Trucking Dive. Retrieved September 12, 2025.
- ^ "Dedicated". U.S. Xpress. Retrieved September 12, 2025.
- ^ "Over-the-Road". U.S. Xpress. Retrieved September 12, 2025.
Bibliography
- Herzog, Chris (2017). "U.S. Xpress Enterprises Inc.". In Tina Grant (ed.). International Directory of Company Histories. Vol. 191. St. James Press. pp. 439–442. ISBN 978-1-55862-990-5 – via Archive.org.
External links