US Xpress Enterprises Inc Price, Forecast, Insider, Ratings, Fundamentals & Signals

New orleans--(business wire)--former attorney general of louisiana charles c. foti, jr., esq. and the law firm of kahn swick & foti, llc (“ksf”) are investigating the proposed sale of u.s. xpress enterprises, inc. (nyse: usx) to knight-swift transportation holdings inc. (nyse: knx). under the terms of the proposed transaction, shareholders of u.s. xpress will receive $6.15 in cash for each share of u.s. xpress that they own. ksf is seeking to determine whether this consideration and the pro.

New orleans--(business wire)--former attorney general of louisiana charles c. foti, jr., esq. and the law firm of kahn swick & foti, llc (“ksf”) are investigating the proposed sale of u.s. xpress enterprises, inc. (nyse: usx) to knight-swift transportation holdings inc. (nyse: knx). under the terms of the proposed transaction, shareholders of u.s. xpress will receive $6.15 in cash for each share of u.s. xpress that they own. ksf is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the company. if you believe that this transaction undervalues the company and/or if you would like to discuss your legal rights regarding the proposed sale, you may, without obligation or cost to you, e-mail or call ksf managing partner lewis s...

New york , march 21, 2023 /prnewswire/ -- weiss law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of u.s. xpress enterprises, inc. ("u.s. xpress" or the "company") (nyse: usx), in connection with the proposed acquisition of the company by knight-swift transportation holdings inc. (nyse: knx).  under the merger agreement, the company's shareholders will receive $6.15 in cash for each share of u.s. xpress owned.

Milwaukee , march 21, 2023 /prnewswire/ -- ademi llp is investigating u.s. xpress (nyse: usx) for possible breaches of fiduciary duty and other violations of law in its transaction with knight-swift.  click here to learn how to join the action https://www.ademilaw.com/case/xpress-enterprises-inc or call guri ademi toll-free at 866-264-3995.

New york--(business wire)--halper sadeh llc, an investor rights law firm, is investigating whether the sale of u.s. xpress enterprises, inc. (nyse: usx) to knight-swift transportation holdings inc. for $6.15 per share in cash is fair to u.s. xpress shareholders. halper sadeh encourages u.s. xpress shareholders to click here to learn more about their legal rights and options or contact daniel sadeh or zachary halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com.

Knight-Swift Transportation warned Wednesday that second-quarter results are likely to disappoint in a news release also confirming it has closed on the previously announced acquisition of truckload carrier U.S. Xpress. The transportation and logistics provider said a weaker than expected operating environment in the truckload sector would likely result in consolidated operating margin deterioration of 1,100 to 1,200 basis points year over year (y/y) in the second quarter and that its full-year guidance would be updated when it reports results on July 20.

The Knight-Swift acquisition of truckload carrier U.S. Xpress has closed, with U.S. Xpress stock no longer trading and the company filing a delisting document with the Securities and Exchange Commission. Knight-Swift (NYSE: KNX) has made no comment or filing about the closing of the deal, but U.S. Xpress' notice Monday to the SEC delisting its stock from the New York Stock Exchange says the closing was effective July 1.

U.S. Xpress, headed toward being acquired by Knight Swift (NYSE: KNX), has settled litigation that goes back to its initial public offering and what followed in the months after it became a publicly traded company. The $13 million settlement will need one more court hearing, scheduled for July 10, to be fully implemented.

U.S. Xpress agreed this week to be acquired by Knight-Swift in a deal that values the company at about $800 million. The offer is a substantial premium over where U.S. Xpress shares traded.

Knight-Swift Transportation is buying U.S. Xpress Enterprises for $808 million. These are the details.

Knight-Swift Transportation's latest acquisition is a bit of a reversal from recent initiatives, which were designed to dilute some of the cyclicality inherent in being an over-the-road truckload carrier. Those actions included acquiring less-than-truckload assets and building out a power-only brokerage offering.

Shares of US Xpress Enterprises (NYSE: USX ) are soaring on Tuesday, as USX stock is up almost 300%. It's not often we get an overnight quadruple in a stock piece.

U.S. Xpress Enterprises told investors it agreed to a $808 million takeover by Knight-Swift Transportation Holdings, sending its share 300% higher shortly after the market opened.  The Chattanooga-based trucking company said the $6.15 per share deal has been approved by Knight-Swift's board of directors of Knight-Swift as well as a special committee of its own independent directors and is expected to close late in the second quarter or early third quarter of 2023, subject to customary closing conditions.

U.S. Xpress Enterprises, Inc. (NYSE:USX ) Q4 2022 Earnings Conference Call February 9, 2023 5:00 PM ET Company Participants Matt Garvie - Vice President, Investor Relations Eric Fuller - President and CEO Eric Peterson - Chief Financial Officer Conference Call Participants Ken Hoexter - Bank of America Christyne McGarvey - Morgan Stanley Brian Ossenbeck - JPMorgan Operator Ladies and gentlemen, thank you for standing by. My name is Brent, and I will be your conference operator today.

U.S. Xpress (USX) delivered earnings and revenue surprises of -50% and 4.10%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?