The company has not filed an annual or quarterly report since its Q1 FY2023 10-Q, filed May 10, 2023. Its latest SEC filing is a 15-12G from Jul 13, 2023.
10-Q for Q1 FY2023, filed May 10, 2023
The sections below describe the company as of the FY2022 annual report.
Transports truckload freight for retailers, food and beverage companies, and manufacturers, and arranges freight moves through third-party carriers.
10-K for FY2022, filed Feb 28, 2023We are one of the largest asset-based truckload carriers in the United States by revenue, generating $2.2 billion in total operating…View ↗
We organize our service offerings into two reportable segments, Truckload and Brokerage. The Truckload segment offers asset-based truckload…View ↗
We maintain a diverse, long-standing customer base that includes many Fortune 500 companies, including Dollar General, Dollar Tree, FedEx…View ↗
For truckload transportation, customers pay a predetermined rate per load or mile. U.S. Xpress bills when shipments reach their destination and generally receives payment within 40 days; for brokered freight, it invoices customers for third-party-carrier moves.
10-K for FY2022, filed Feb 28, 2023We are typically paid a predetermined rate per load or per mile for our Truckload services. We enhance our revenue by charging for tractor…View ↗
Through the Company’s Brokerage operations, the Company outsources the transportation of the loads to third-party carriers. The Company is…View ↗
The timing of revenue recognition, billings, cash collections, and allowance for credit losses results in billed and unbilled receivables…View ↗
$2.2B
10-K for FY2022, filed Feb 28, 2023
$2.2B ↗| Segment | Share | Revenue |
|---|---|---|
|
Cargo and Freight
|
88%
FY2019: 90%
|
Cargo and Freight, FY2022
$1.9B Sources
|
|
Fuel Surcharge
|
12%
FY2019: 9.9%
|
Fuel Surcharge, FY2022
$265M Sources
|
Customers include retailers, food and beverage companies, and businesses in e-commerce, manufacturing and logistics; many are Fortune 500 companies. For brokerage loads, customers contract with U.S. Xpress, which invoices them and arranges transportation by third-party carriers.
10-K for FY2022, filed Feb 28, 2023
No. It lost $44M in FY2022.
10-Q for Q1 FY2023, filed May 10, 2023
−$27.1MView ↗
8-K, filed Jul 5, 2023
As a result of the completion of the Merger and at the Effective Time, a change in control of U.S. Xpress occurred and U.S. Xpress became…View ↗
8-K, filed Mar 21, 2023
On the terms and subject to the conditions set forth in the Merger Agreement, at the effective time of the Merger (the “Effective Time”)…View ↗
Grew. Revenue grew 20% in 4 years, from $1.8B in FY2018 to $2.2B in FY2022, about 5% a year.
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