U.S. Xpress

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Not to be confused with U.S. Express.
U.S. Xpress
Company typeSubsidiary
IndustryFreight transport
Founded1985
Headquarters
Chattanooga, Tennessee
,
U.S.
ParentKnight-Swift
Websitewww.usxpress.com

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 North America.

History

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Two U.S. Xpress tractors in 2005

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.[1]

U.S. Xpress returned to private ownership in 2007, with Fuller and Quinn purchasing it from stockholders.[1][2]

The company went public for a second time in 2018, raising more than $250 million through the stock launch.[3][4] 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.[5]

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.[6][7][8]

Operations

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As of 2025, U.S. Xpress has a dedicated fleet of 2,000 trucks with 2,300 drivers.[9] The company operates eleven terminals across the United States.[10]

References

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  1. ^ a b c Chris Herzog (2017). "U.S. Xpress Enterprises Inc.". International Directory of Company Histories. Vol. 191. St. James Press. pp. 439–442 – via Archive.org.
  2. ^ "U.S. Xpress Enterprises Goes Private". Heavy Duty Trucking. October 12, 2007. Retrieved September 12, 2025.
  3. ^ James Jaillet (May 8, 2018). "U.S. Xpress plans to go public again, files for IPO". Commercial Carrier Journal. Retrieved September 12, 2025.
  4. ^ Dave Flessner (June 15, 2018). "U.S. Xpress raises over $250 million in stock issue". Chattanooga Times Free Press. Retrieved September 12, 2025.
  5. ^ David Taube (March 29, 2023). "Court approves $13M settlement between US Xpress and investors". Trucking Dive. Retrieved September 12, 2025.
  6. ^ Jason Cannon (March 21, 2023). "Knight-Swift acquiring U.S. Xpress for more than $800 million". Commercial Carrier Journal. Retrieved September 12, 2025.
  7. ^ Colin Kellaher (March 21, 2023). "Trucking Giant Knight-Swift Transportation to Buy U.S. Xpress". The Wall Street Journal. Retrieved September 12, 2025.
  8. ^ David Taube (April 28, 2023). "How Knight-Swift's deal with US Xpress unfolded". Trucking Dive. Retrieved September 12, 2025.
  9. ^ "Dedicated". U.S. Xpress. Retrieved September 12, 2025.
  10. ^ "Over-the-Road". U.S. Xpress. Retrieved September 12, 2025.
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