U.S. Xpress Enterprises (USX)

Company Profile

Through its subsidiaries, U.S. Xpress Enterprises, Inc., offers customers over-the-road, dedicated, and brokerage services. Founded in 1985, the Company utilizes a combination of smart technology, a modern fleet of tractors and a network of highly trained, professional drivers to efficiently move freight for a wide variety of customers. U.S. Xpress implements a range of digital initiatives and technology to drive innovation in the industry, streamline the value chain for customers and improve the overall driver experience.

Company profile

Ticker

USX

Exchange

NYSE

Website

www.usxpress.com

CEO

Eric Fuller

Incorporated

Nevada

Location

Tennessee

Fiscal year end

Dec 31

Sector

Transportation and Warehousing > General Freight Trucking, Local

Industry (SIC)

Trucking (No Local)

Schneider National • J.B. Hunt Transport Services • Knight-Swift Transportation • Yellow • Old Dominion Freight Line • Werner Enterprises • ArcBest • Landstar System • Saia • Heartland Express ...

SEC CIK

0000923571

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

Xpress Holdings, Inc. • Xpress Technologies, Inc. • U.S. Xpress, Inc. • Xpress Assurance, Inc. • U.S. Xpress Leasing, Inc. • Mountain Lake Risk Retention Group, Inc. • Transportation Assets Leasing Inc. • Transportation Investments Inc. • Total Logistics Inc. • Total Transportation of Mississippi LLC ...

IRS number

621378182

USX stock data

1M 1Y 5Y

Analyst ratings and price targets

Last 3 months

Average target

$6.08

Low target

$6.00

High target

$6.15

Latest filings (excl ownership)

View all

DEFM14A

Proxy related to merger

10 May 23

Annual report (amended)

1 May 23

PREM14A

Preliminary proxy related to merger

20 Apr 23

DEFA14A

Additional proxy soliciting materials

27 Mar 23

DEFA14A

Additional proxy soliciting materials

23 Mar 23

DEFA14A

Additional proxy soliciting materials

21 Mar 23

DEFA14A

Additional proxy soliciting materials

21 Mar 23

8-K

Knight-swift Transportation Agrees to Acquire U.S. Xpress Enterprises for $6.15 Per Share

21 Mar 23

8-K

Departure of Directors or Certain Officers

28 Feb 23

Transcripts

View all

USX

Earnings call transcript

2022 Q4

9 Feb 23

USX

Earnings call transcript

2022 Q3

6 Nov 22

USX

Earnings call transcript

2022 Q2

6 Aug 22

USX

Earnings call transcript

2022 Q1

8 May 22

USX

Earnings call transcript

2022 Q4

10 Feb 22

USX

Earnings call transcript

2021 Q3

22 Oct 21

USX

Earnings call transcript

2021 Q2

23 Jul 21

USX

Earnings call transcript

2021 Q1

23 Apr 21

USX

Earnings call transcript

2020 Q4

29 Jan 21

USX

Earnings call transcript

2020 Q3

23 Oct 20

Latest ownership filings

View all

John C Rickel

17 May 23

SC 13D

GAMCO INVESTORS, INC. ET AL

Financial summary

Financial statements Chart USX financial data

Quarter (USD)	Mar 23	Dec 22	Sep 22	Jun 22
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 22	Dec 21	Dec 20	Dec 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	2.96 mm	2.96 mm	2.96 mm	2.96 mm	2.96 mm	2.96 mm
Cash burn (monthly)	(no burn)	(no burn)	12.32 mm	6.35 mm	1.12 mm	(no burn)
Cash used (since last report)	n/a	n/a	23.98 mm	12.37 mm	2.17 mm	n/a
Cash remaining	n/a	n/a	-21.01 mm	-9.40 mm	791.80 k	n/a
Runway (months of cash)	n/a	n/a	-1.7	-1.5	0.7	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q4 2022

USX institutional ownership history Ownership history

92.9% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	51	54	-5.6%
Opened positions	7	2	+250.0%
Closed positions	10	19	-47.4%
Increased positions	14	14	–
Reduced positions	15	24	-37.5%

13F shares	Current	Prev Q	Change
Total value	18.53 bn	101.04 mm	+18243.1%
Total shares	38.05 mm	38.76 mm	-1.8%
Total puts	0.00	15.60 k	EXIT
Total calls	0.00	0.00
Total put/call ratio	–	Infinity	–

Largest owners	Shares	Value	Change
Fuller Max L	18.53 mm	$56.14 mm	0.0%
Aristotle Capital Boston	3.06 mm	$5.53 bn	-1.5%
T. Rowe Price Investment Management	2.75 mm	$4.98 mm	0.0%
Quinn Patrick Brian	2.01 mm	$0.00	0.0%
Daly Renee A	1.96 mm	$0.00	0.0%
Twenty Acre Capital	1.39 mm	$2.52 bn	+1.0%
Vanguard	1.15 mm	$2.08 bn	-3.4%
Fuller Stephen Craig	1.11 mm	$7.62 mm	0.0%
Becker Capital Management	870.15 k	$1.57 bn	-0.5%
TFC Truist Financial	815.31 k	$1.48 bn	0.0%

Largest transactions	Shares	Bought/sold	Change
Fuller & Thaler Asset Management	0.00	-587.23 k	EXIT
Weiss Multi-Strategy Advisers	145.37 k	+145.37 k	NEW
Gsa Capital Partners	99.82 k	+99.82 k	NEW
STT State Street	95.07 k	+95.07 k	NEW
Two Sigma Advisers	99.80 k	-79.80 k	-44.4%
MS Morgan Stanley	232.06 k	+78.84 k	+51.5%
Two Sigma Investments	0.00	-76.66 k	EXIT
Am Investment Strategies	63.00 k	-64.00 k	-50.4%
Ergoteles	51.97 k	-61.36 k	-54.1%
BK Bank Of New York Mellon	0.00	-55.51 k	EXIT

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

USX insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
10 May 23	John C Rickel	Class A Common Stock	Gift	Dispose G	No	No	0	25,000	0.00	115,967
15 Mar 23	Nathan H Harwell	Class A Common Stock	Payment of exercise	Dispose F	No	No	1.64	5,569	9.13 k	109,389
15 Mar 23	William Eric Fuller	Class A Common Stock	Payment of exercise	Dispose F	No	No	1.64	33,541	55.01 k	736,290
14 Mar 23	Fuller Max L	Class B Common Stock	Option exercise	Acquire M	No	No	0	66,663	0.00	399,978
14 Mar 23	Fuller Max L	RSU Class B Common Stock	Option exercise	Dispose M	No	No	0	66,663	0.00	66,688
14 Mar 23	Eric A. Peterson	Class A Common Stock	Option exercise	Acquire M	No	No	0	33,329	0.00	628,499
14 Mar 23	Eric A. Peterson	RSU Class A Common Stock	Option exercise	Dispose M	No	No	0	33,329	0.00	33,359
14 Mar 23	William Eric Fuller	Class B Common Stock	Option exercise	Acquire M	No	No	0	53,331	0.00	848,528
14 Mar 23	William Eric Fuller	RSU Class B Common Stock	Option exercise	Dispose M	No	No	0	53,331	0.00	53,347