U.S. Xpress Enterprises Reports First Quarter 2020 Results and Discusses COVID-19 Impact on Operations
U.S. Xpress Enterprises, Inc. Class A (USX)
Last u.s. xpress enterprises, inc. class a earnings: 4/30 06:25 am
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Source: Business Wire
CHATTANOOGA, Tenn.--(BUSINESS WIRE)--U.S. Xpress Enterprises, Inc. (NYSE: USX) (the “Company”) today announced results for the first quarter of 2020 and provided a COVID-19 update.COVID – 19 Business UpdateUnwavering focus on employee health and safety for both driving and non-driving team members – over 95% of Company’s corporate office staff began working from home mid-March, with results showing an increase in productivity and efficiency in many departmentsThe Company’s volumes through April remained consistent primarily as result of the Company’s customer mixThe Company remains confident in its current liquidity position and does not anticipate material liquidity constraintsEric Fuller, President and CEO, commented, “The spread of COVID-19 across our nation has dramatically impacted not only how we work but all aspects of our daily lives. In this period of uncertainty, we are committed to keeping our employees safe and our customers’ products moving across the country. U.S. Xp
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