Private company

US XPRESS ENTERPRISES INC

American trucking company, incorporated in Nevada1

In its 2023 annual report the company says: “We provide services throughout the United States, with a focus in the densely populated and economically diverse eastern half of the United States. We offer customers a broad portfolio of services using our own truckload fleet and third-party carriers through our asset-light freight brokerage network. Our terminal network is established and capable of handling significantly larger volumes without meaningful additional investment.”77 It is headquartered in Chattanooga, Tennessee.1

Last updated Oct 20, 2026.

Overview

$2.2BRevenue, fiscal 20222
-$44.0MNet income, fiscal 20222
  • IndustryTrucking (No Local)1
  • HeadquartersChattanooga, Tennessee1
  • Incorporated inNV3
  • Business address4080 Jenkins Road, Chattanooga, Tn 374213
  • Filer categoryAccelerated filer, Smaller reporting company3

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2022

-1.2%Operating margin2
-2.0%Net margin2
10.9%Revenue growth, 20222
-18.4%Return on equity2
1.48×Debt to equity2
-$155.7MFree cash flow2

Where the money goes

Where each dollar of revenue went, fiscal 2022

  • Other costs99¢$2.1B
  • Income tax1¢$14.3M

Out of $2.2B in revenue.2 The company lost money this year.

Where each dollar of operating cash went, fiscal 2022

  • Capital spending100¢$199.1M

Out of $43.5M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.2

Financial statements

Revenue45672$2.2B in 2022+49% since 2016
0$1.0B$2.0B$3.0B2016: $1.5B$1.5B20162017: $1.6B$1.6B2017+7%2018: $1.8B$1.8B2018+16%2019: $1.7B$1.7B2019−5%2020: $1.7B$1.7B2020+2%2021: $1.9B$1.9B2021+12%2022: $2.2B$2.2B2022+11%
Operating income45672-$26.9M in 2022
-$50.0M0$50.0M$100.0M2016: $27.7M$27.7M20162017: $28.6M$28.6M2017+3%2018: $78.9M$78.9M2018+176%2019: $26.1M$26.1M2019−67%2020: $43.6M$43.6M2020+67%2021: $18.4M$18.4M2021−58%2022: -$26.9M-$26.9M2022
Net income45672-$44.0M in 2022+166% since 2016
-$60.0M-$40.0M-$20.0M0$20.0M$40.0M2016: -$16.5M-$16.5M20162017: -$4.1M-$4.1M2017−75%2018: $24.9M$24.9M20182019: -$3.6M-$3.6M20192020: $18.6M$18.6M20202021: $10.9M$10.9M2021−41%2022: -$44.0M-$44.0M2022
Fiscal year20152016201720182019202020212022
Revenue$1.5B4$1.6B5$1.8B6$1.7B7$1.7B2$1.9B2$2.2B2
Operating expenses$1.9B2$2.2B2
Operating income$27.7M4$28.6M5$78.9M6$26.1M7$43.6M2$18.4M2-$26.9M2
Interest$48.2M4$49.8M4$34.9M4
Income before tax$11.6M2-$56.7M2
Income tax-$8.4M4-$17.2M5$7.9M6$389.0K7$5.1M2$433.0K2-$14.3M2
Net income-$16.5M4-$4.1M5$24.9M6-$3.6M7$18.6M2$10.9M2-$44.0M2
Earnings per share-$2.594-$0.645$0.846-$0.077$0.372$0.222-$0.862
Earnings per share (diluted)-$2.594-$0.645$0.836-$0.077$0.352$0.212-$0.862
Shares (weighted, basic)50.4M shares251.3M shares2
Shares (weighted, diluted)52.2M shares251.3M shares2

Compare US XPRESS ENTERPRISES INC with another company

Corporate structure

US XPRESS ENTERPRISES INC sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of US XPRESS ENTERPRISES INC

  • Max L. Fuller Filed SC 13D/A on US XPRESS ENTERPRISES INC, latest Jul 6, 2023 (4 filings since May 24, 2022)
  • GAMCO Investors Filed SC 13D/A on US XPRESS ENTERPRISES INC, latest Jul 3, 2023 (2 filings since Apr 10, 2023)
  • Lisa M. Pate Filed SC 13G on US XPRESS ENTERPRISES INC, latest Mar 24, 2023
  • Aristotle Capital Boston, LLC Filed SC 13G/A on US XPRESS ENTERPRISES INC, latest Feb 14, 2023 (2 filings since Feb 14, 2022)
  • Patrick Brian Quinn Filed SC 13G/A on US XPRESS ENTERPRISES INC, latest Feb 14, 2023 (2 filings since Feb 14, 2022)
  • Renee A. Daly Filed SC 13G/A on US XPRESS ENTERPRISES INC, latest Feb 14, 2023 (2 filings since Feb 14, 2022)
  • T. Rowe Price Investment Management, Inc. Filed SC 13G on US XPRESS ENTERPRISES INC, latest Feb 14, 2023
  • GOLDMAN SACHS ASSET MANAGEMENT, L.P. Filed SC 13G/A on US XPRESS ENTERPRISES INC, latest Feb 9, 2023
  • PRICE T ROWE ASSOCIATES INC /MD/ Filed SC 13G/A on US XPRESS ENTERPRISES INC, latest Feb 14, 2022
  • US XPRESS ENTERPRISES INC Chattanooga, Tennessee

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What US XPRESS ENTERPRISES INC reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Finance-lease assets$6.9M2 Dec 31, 2022$7.4M2 Dec 31, 2021−7.8%
Operating-lease assets (leased space)$333.5M2 Dec 31, 2022$292.3M2 Dec 31, 2021+14.1%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$2.3M2 Dec 31, 2022$5.7M2 Dec 31, 2021−60.1%
Marketable securities, non-current$600.0K2 Dec 31, 2022$12.7M2 Dec 31, 2021−95.3%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$59.2M2 Dec 31, 2022$59.2M2 Dec 31, 20210%
Intangible assets, net (excluding goodwill)$23.8M2 Dec 31, 2022$24.1M2 Dec 31, 2021−1.4%
Indefinite-lived intangibles (excluding goodwill)$23.3M2 Dec 31, 2022$23.3M2 Dec 31, 20210%

Inventory

ItemLatestA year beforeChange
Supplies$8.4M2 Dec 31, 2022$9.6M2 Dec 31, 2021−11.9%

Leadership

Who has led US XPRESS ENTERPRISES INC, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Max L. Fuller2006–2007
  2. Michael S. Walters2006
  3. William Eric Fuller2018–2023

Chair

  1. Max L. Fuller2018–2023

President

  1. John Bowes2006–2007
  2. Rick Kale2006–2007
  3. Michael S. Walters2007
  4. William Eric Fuller2018–2023
  5. Cameron D. Ramsdell2019–2020
  6. Justin C. Harness2021–2023
  7. Brandon Danneffel2022

Chief financial officer

  1. Ray M. Harlin2006–2007

Chief operating officer

  1. Jeffrey S. Wardeberg2006–2007
  2. Matt Herndon2018–2020
2010201520202025
Board members and other officers (30)

Timeline

  1. Jul 5, 20238-K Ended a material agreement; Completed an acquisition or sale; Listing notice or transfer52
  2. Jun 29, 20238-K Shareholder vote53
  3. Mar 21, 20238-K Entered a material agreement; Other events54
  4. Feb 28, 20238-K Executive or director change55
  5. Feb 14, 20238-K Results of operations56
  6. Feb 9, 20238-K Results of operations57
  7. Nov 3, 20228-K Results of operations58
  8. Sep 7, 20228-K Other events59
  9. Aug 17, 20228-K Executive or director change60
  10. Aug 3, 20228-K Results of operations61
  11. May 31, 20228-K Shareholder vote62
  12. May 13, 20228-K Executive or director change63
  13. Jun 13, 2018New chief executive William Eric Fuller becomes CEO12
  14. Oct 26, 2006New chief executive Michael S. Walters becomes CEO14
  15. Apr 7, 2006New chief executive Max L. Fuller becomes CEO13

Calendar

When it reported results

  1. Feb 14, 2023Reported quarterly or annual results56
  2. Feb 9, 2023Reported quarterly or annual results57
  3. Nov 3, 2022Reported quarterly or annual results58
  4. Aug 3, 2022Reported quarterly or annual results61
  5. May 5, 2022Reported quarterly or annual results64
  6. Feb 9, 2022Reported quarterly or annual results65
  7. Oct 21, 2021Reported quarterly or annual results66

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

178 filings to the SEC since October 2021: 3 annual reports, 5 quarterly reports, 17 major events, 116 insider forms, 16 large holders, 21 other. The latest 20:

  1. Jul 13, 202315-12G FORM 15 EDGAR
  2. Jul 6, 2023SC 13D/A SCHEDULE 13D/A EDGAR
  3. Jul 5, 20238-K EDGAR
  4. Jul 5, 20234 EDGAR
  5. Jul 5, 20234 EDGAR
  6. Jul 5, 20234 EDGAR
  7. Jul 5, 20234 EDGAR
  8. Jul 5, 20234 EDGAR
  9. Jul 5, 20234 EDGAR
  10. Jul 5, 20234 EDGAR
  11. Jul 5, 20234 EDGAR
  12. Jul 5, 20234 EDGAR
  13. Jul 5, 20234 EDGAR
  14. Jul 5, 20234 EDGAR
  15. Jul 5, 20234 EDGAR
  16. Jul 5, 20234 EDGAR
  17. Jul 5, 2023S-8 POS EDGAR
  18. Jul 5, 2023S-8 POS EDGAR
  19. Jul 3, 2023SC 13D/A EDGAR
  20. Jun 29, 20238-K EDGAR

The 178 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

23 open-market trades by officers, directors and large owners since October 2021: 17 buys and 6 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Mar 22, 2023Pate Lisa M10% ownerSale300,000$5.96$1.8MForm 4
May 31, 2022Johnson Bryan A.Chief Transformation OfficerBuy7,500$2.96$22.2KForm 4
May 26, 2022Harwell Nathan HEVP, Chief Legal Off., Sec.Sale10,097$3.12$31.5KForm 4
May 19, 2022Fuller Janice10% ownerBuy81,000$3.10$251.1KForm 4
May 18, 2022Fuller Janice10% ownerBuy154,803$3.20$495.4KForm 4
May 16, 2022Fuller Family Enterprises, LLC10% ownerBuy29,043$3.24$94.1KForm 4
May 12, 2022Fuller Janice10% ownerBuy118,108$2.99$353.1KForm 4
May 11, 2022Fuller Janice10% ownerBuy117,484$2.98$350.1KForm 4
May 10, 2022Fuller Janice10% ownerBuy69,274$2.87$198.8KForm 4
May 9, 2022Rickel John CDirectorBuy25,000$2.77$69.2KForm 4
Feb 22, 2022Grear JasonEVP - Accounting & FinanceBuy6,278$3.98$25.0KForm 4
Feb 18, 2022Fuller Janice10% ownerBuy97,875$4.19$410.1KForm 4
Feb 17, 2022Fuller Janice10% ownerBuy147,725$4.02$593.9KForm 4
Feb 16, 2022Beizer JonDirectorBuy4,000$3.39$13.6KForm 4
Feb 15, 2022Beizer JonDirectorBuy15,000$3.57$53.5KForm 4
Feb 14, 2022DUCKER MICHAEL LDirectorBuy10,000$3.60$36.0KForm 4
Feb 14, 2022Peterson Eric A.Chief Financial Off. & Treas.Buy27,240$3.74$101.9KForm 4
Feb 14, 2022Rickel John CDirectorBuy30,000$3.68$110.4KForm 4
Nov 26, 2021Harwell Nathan HEVP, Chief Legal Off., Sec.Sale4,920$8.22$40.4KForm 4
Nov 24, 2021Lawson JacobChief Commercial OfficerSale12,000$8.54$102.5KForm 4

All 23 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How US XPRESS ENTERPRISES INC is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARUS XPRESS ENTERPRISES INC1
  • CIK0000923571
  • Employer ID (EIN)62-13781821
  • Filer statusAccelerated filer<br>smaller reporting company1
  • Incorporated inNevada1
  • Fiscal year endsDecember 311
  • Industry code (SIC)4213 Trucking (No Local)1
  • Business address4080 Jenkins Road, Chattanooga, TN 374211
  • Phone42351030001
  • Public float$86.9B as of Jun 30, 202276
  • On EDGAR sinceFeb 2, 19961
  • Filings879 in all: 4 (389), 8-K (110), 10-Q (49), 3 (42), SC 13G/A (42), 4/A (40), SC 13G (24), SC 13D/A (18)1
    All 47 form types

    5 (17), 10-K (16), DEF 14A (15), 11-K (12), DEFA14A (11), 3/A (10), S-8 POS (10), S-8 (7), UPLOAD (7), CORRESP (6), 8-K/A (5), S-1/A (5), 10-Q/A (4), SC 13D (4), ARS (3), SC TO-T/A (3), 15-12G (2), 25-NSE (2), 424B4 (2), 5/A (2), S-1 (2), S-3 (2), SC TO-C (2), 10-K/A (1), 424B1 (1), 8-A12B (1), CERT (1), DEFM14A (1), DRS (1), DRSLTR (1), EFFECT (1), FWP (1), PRE 14A (1), PREM14A (1), S-3/A (1), S-4 (1), S-4/A (1), SC 13E3 (1), SC 14D9 (1)

  • Latest filingsAnnual report (10-K) Feb 28, 2023
    Quarterly report (10-Q) May 10, 2023
    Proxy statement (DEF 14A) Apr 14, 2022
    Latest 8-K (8-K) Jul 5, 2023

Sources

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