An investigation on behalf of investors of U.S. Xpress Enterprises, Inc. (NYSE: USX) shares over potential securities laws violations by U.S. Xpress Enterprises, Inc. and certain of its directors and officers in connection with certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of U.S. Xpress Enterprises, Inc. (NYSE: USX) concerning whether a series of statements by U.S. Xpress Enterprises, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Chattanooga, TN based U.S. Xpress Enterprises, Inc. operates as an asset-based truckload carrier providing services primarily in the United States. U.S. Xpress Enterprises, Inc. went public in June 2018. U.S. Xpress Enterprises, Inc. reported that its annual Total Revenue rose from over $1.45 billion in 2016 to over $1.55 billion in 2017 and that its Net Loss declined from $16.52 million in 2016 to $4.06 million in 2017.

On November 1, 2018, after market hours, U.S. Xpress Enterprises, Inc. reported its third quarter 2018 financial results announcing that utilization in certain trucking divisions were adversely impacted as its over-the-road division was called upon to provide drivers to its dedicated division. The very next day, U.S. Xpress Enterprises, Inc. announced the appointment of a new Chief Operating Officer.

Shares of U.S. Xpress Enterprises, Inc. (NYSE: USX) declined to as low as $6.54 per share on November 2, 2018.