U.S. Xpress
| Company type | Subsidiary |
|---|---|
| Industry | Trucking |
| Founded | 1985 |
| Founder | Max Fuller, Patrick Quinn |
| Headquarters | Chattanooga , United States |
Area served | United States |
| Products | Truckload shipping and transportation solutions |
| Owner | Knight-Swift Transportation Holdings |
Number of employees | 2,300 (operators) |
| Parent | Knight-Swift Transportation Holdings |
U.S. Xpress (abbreviated as USX) is a U.S.-based trucking company with its main office located in Chattanooga, Tennessee. Since 2023, it has functioned as a subsidiary under the ownership of Knight-Swift. The company specializes in providing truckload shipping and transportation solutions throughout the United States.
History
Established in 1985 by Max Fuller alongside Patrick Quinn, U.S. Xpress entered the public market in 1994 by offering 2.5 million shares. Through strategic acquisitions, it grew rapidly and by 1998 had become the fifth-largest publicly traded trucking enterprise in the country, boasting a fleet exceeding 4,500 trucks.
In 2007, Fuller and Quinn privatized the business by purchasing all outstanding shares from public investors. The company re-entered the stock market in 2018, successfully raising upwards of $250 million. Subsequently, shareholders initiated legal action, accusing U.S. Xpress of failing to disclose essential information during this public offering.
On March 21, 2023, Knight-Swift Transportation Holdings, recognized as one of North America's premier truckload carriers, announced its acquisition of U.S. Xpress for roughly $808 million, enhancing its dominance within the industry.
Operations
By 2025, U.S. Xpress manages a dedicated fleet comprising approximately 2,000 trucks driven by around 2,300 operators and supports operations through eleven terminals distributed across the United States.
External links
- Articles with short description
- 1985 establishments in Tennessee
- 2023 mergers and acquisitions
- American companies established in 1985
- Companies based in Chattanooga, Tennessee
- Companies formerly listed on the New York Stock Exchange
- Transport companies established in 1985
- Trucking companies of the United States