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U.S. Xpress Enterprises Priced, NYSE: USX

Mid-sized trucking company in the eastern US.

Industry: Industrials

First Day Return: +4.3%

Industry: Industrials

We are the fifth largest asset-based truckload carrier in the United States by revenue, generating over $1.5 billion in total operating revenue in 2017. We provide services primarily 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 non-asset-based truck brokerage network. As of March 31, 2018, our fleet consisted of approximately 6,800 tractors and approximately 16,000 trailers, including approximately 1,300 tractors provided by independent contractors. All of our tractors have been equipped with electronic logs since 2012, and our systems and network are engineered for compliance with the recent federal electronic log mandate. Our terminal network and information technology infrastructure are established and capable of handling significantly larger volumes without meaningful additional investment.
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IPO Data
IPO File Date 05/07/2018
Offer Price $16.00
Price Range $18.00 - $20.00
Offer Shares (mm) 18.1
Deal Size ($mm) $289
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 06/13/2018
Offer Price IPO Intelligence Only
Price Range IPO Intelligence Only
Offer Shares (mm) IPO Intelligence Only
Deal Size ($mm) $289
Lock-Up Date IPO Intelligence Only
Street Research IPO Intelligence Only
Underwriters
IPO Intelligence Only
Company Data
Headquarters Chattanooga, TN, United States
Founded 1985
Employees at IPO 9,288
Website www.usxpress.com

U.S. Xpress Enterprises (USX) Performance