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U.S. Xpress Reports Revenue Gain, Earnings Loss in Q3

November 4, 2022

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U.S. Xpress Enterprises reported revenue growth, but earnings were dragged down for the third quarter because of segment results, the company reported Nov. 3.

The Chattanooga, Tenn.-based truckload carrier posted a net loss attributable to controlling interest of $19.8 million, or a loss of 38 cents a diluted share, for the three months ending Sept. 30. That compared with a loss of $5.48 million, 11 cents, during the same time the previous year. Total operating revenue increased 11.5% to $547.8 million from $491.1 million.

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