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).
Candace Mitchell Harris discusses her path from computer scientist to founder of beauty tech tool MYAVANA – and how it uses A.I. to analyze each person’s unique haircare needs.
Michael Harris, NYSE global head of capital markets shares what to expect from IPOs in 2024, including A.I. excitement and why interest rate cuts are always helpful.
Lacy Garcia, Founder & CEO of Willow, shares why women, traditionally underserved by fintech, are looking for trust and a personal relationship from their financial advisor.
Alexander Reed, CFA and CIO for Envisage Wealth, breaks down why he thinks rates could stay higher for longer and why real estate, utilities, and regional banks are sectors to avoid.
Big brands that have relied on TikTok videos to reach younger consumers do not appear to be panicking as they wait to see what happens. But they have started planning.
It's been 15 years since the last fatal crash of a U.S. airliner, but you wouldn't know that from a torrent of flight problems that made news in the last three months.
Abortion opponents want the high court to ratify a ruling from a conservative federal appeals court that would limit access to a medication called mifepristone, which was used in nearly two-thirds of abortions last year.
Annie Chechitelli, chief product officer at Turnitin, breaks down how students and teachers alike can learn from artificial intelligence – while still maintaining academic integrity.
