U.S. Xpress Enterprises Updates Financial Guidance
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”), the nation’s fifth largest asset-based truckload carrier by revenue, today announced updated financial and capital expenditure guidance for the second quarter and full year of 2019.Based on current market conditions which continue to underperform original expectations, the Company now expects its second quarter 2019 adjusted operating ratio to approximate 97.5%, as compared to the Company’s previous expectations of a sequential improvement from the 95.7% adjusted operating ratio generated in the first quarter of 2019.In addition, the Company is adjusting its full year 2019 adjusted operating ratio guidance to a range of 95.5% to 97.5%, where the high end would assume a continuation of the lackluster market conditions as seen in June through year end and compares to the previous adjusted operating ratio guidance of 93.0%.Eric Fuller, President and Chief Executive Officer, commented, “The
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