U.S. Xpress Gears Up for Next-Gen Trucking with IPO
*By Michael Teich*
Trucking company U.S. Xpress's return to public markets Thursday puts it in position to keep pace with the industry's latest innovations, the company's chief executive said.
In its first day of trading on the New York Stock Exchange since 2007, the company's stock was up over 4 percent.
The CEO Eric Fuller said in an interview with Cheddar that access to capital market allows U.S. Xpress to better manage rising costs and invest in emerging technologies.
"The biggest cost is no drivers," Fuller said. The dearth of drivers is among the biggest challenges facing the entire trucking industry
Unpredictable schedules and an uneven work-life balance scare off potential truck drivers, but Fuller said technology can help drive trucking business forward. He said he was optimistic about the development of "driver-assist" innovations that can provide drivers with precise routes and more stable working hours. That technology should be available in 5-10 years, he said, adding that the trucking industry will have to wait a lot longer for fully autonomous vehicles .
"I believe it will happen sometime, but probably 20 years out," he said.
For the full interview, [click here](https://cheddar.com/videos/u-s-xpress-gears-up-for-next-gen-trucking-with-ipo).
A $1 billion loss from a six-week strike did not crash GM's net income last year, which instead rose 12% — and the automaker expects improvement in 2024, too.
Accrue CEO and founder Michael Hershfield explains why Americans' credit card delinquencies are on the rise, advice on what can help, and the key difference between Boomers and Gen Z when it comes to money.
Senior Economist at Morning Consult Kayla Bruun shares thoughts on what to expect from the Fed's January meeting and where monetary policy is headed, as well as how consumers are faring.
Former Medtronic CEO and author of 'True North' Bill George explains the steps Boeing leadership must take to regain client and consumer trust after 737 Max 9 production was stopped.
Amazon blamed "regulatory hurdles" for calling off its proposed acquisition of robot vacuum maker iRobot. Not even a Roomba could clean up the deal's antitrust scrutiny.
To celebrate Flutter Entertainment's debut on the NYSE, FanDuel CEO Amy Howe shares her thoughts on the company's plans for growth, the future of online sportsbetting, and Super Bowl Sunday.
Investopedia's Caleb Silver shares thoughts on the upcoming Fed meeting, why individual investors are still slightly skeptical, and what he's looking for from mega cap tech earnings.
Season's greetings! Tax season, that is. January 29 is the first day you can file your tax return. We walk you through each step — plus a checklist you can download.
The Q-Collar helps protect athletes from impact-related concussions. Now, the U.S. Army is evaluating if the device could help reduce traumatic brain injury cased by blast weapons.
