*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).
Half of U.S. states are raising their minimum wage next year.
Sony's PlayStation 5 console has now passed 50 million units sold.
FedEx decreased its full-year revenue forecast after reporting lower-than-expected quarterly profits in its latest results.
Cora is among dozens of young kids across the U.S. poisoned by lead linked to tainted pouches of the cinnamon-and-fruit puree
The IRS said Tuesday it is going to waive penalty fees for people who failed to pay back taxes that total less than $100,000 per year for tax years 2020 and 2021.
Rite Aid has been banned from using facial recognition technology for five years over allegations that a surveillance system it used incorrectly identified potential shoplifters, especially Black, Latino, Asian or female shoppers.
The union representing Southwest Airlines pilots says it reached a new contract agreement in principle with the airline following three years of negotiations.
U.S. Bank has been hit with a $36 million fine for freezing debit cards that distributed unemployment benefits during the pandemic.
Construction of new homes rose by double digits in November, according to data from the Commerce Department.
Cheddar News' Need2Know is brought to you by Securitize, which helps unlock broader access to alternative investments in private businesses, funds, and other alternative assets. The private credit boom is here and the Hamilton Lane Senior Credit Opportunities Fund has tripled in assets under management in just six months from November 2022 through April this year. Visit Securitize.io to learn more.
