Thieler Law Corp advises investors with losses exceeding $100,000 of the May 10, 2019 lead plaintiff deadline in a class action lawsuit filed against U.S. Xpress Enterprises Inc (NYSE: USX) (“U.S. Xpress” or “the Company”). The suit is pending in the U. S. District Court for the Eastern District of Tennessee and investors, who purchased U.S. Xpress Enterprises Inc securities pursuant and/or traceable to the company’s initial public offering completed in June 2018 (the “IPO” or the “Offering”), have until May 10, 2019 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased U.S. Xpress Enterprises Inc securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that a shortage of trucks was negatively impacting U.S. Xpress’s dedicated division; certain shipping patterns had been performing differently than expected, negatively impacting utilization and driver retention and hiring, as well as U.S. Xpress’s dedicated accounts; consequently, U.S. Xpress’s OTR division was providing continued support to its dedicated division; U.S. Xpress failed to stay informed regarding two large liability events, resulting in an understatement of insurance claim expense; and U.S. Xpress’s cost per mile for driver wages and independent contractors was exceeding the company’s internal expectations.

On November 1, 2018, the Company revealed its financial and operating results for the third fiscal quarter and nine months ending September 30, 2018. The Company revealed how unusual shipping patterns were impacting its segments and how market challenges for drivers resulted in a year-to-year tractor count decrease. The Company and its executives further disclosed higher driver wages and independent contractor costs, lower than expected recruitment levels, and a higher insurance expense.

Following this news, NYSE: USX fell $3.04 per share, or nearly 30%, to close at $7.10 per share on November 2, 2018.

If you were negatively impacted by your investment in U.S. Xpress Enterprises Inc securities pursuant and/or traceable to the company’s initial public offering completed in June 2018 (the “IPO” or the “Offering”) and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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