U.S. Xpress Enterprises Announces Amendment to Credit Facility

U.S. Xpress Enterprises, Inc. (NYSE:USX) (the “Company”), the nation’s fifth largest asset-based truckload carrier by revenue, today announced that it has amended the Company’s credit facility.

Eric Peterson, Chief Financial Officer, commented, “Given the persistently soft truckload market conditions that we have experienced this year, we proactively approached our lenders to amend the financial covenants under our primary credit facility. Although an amendment may not have been required at this time, we believe it was prudent to gain additional flexibility to operate our business in the normal course and continue to invest in the future. We are pleased to have the ongoing support of our lenders, and we remain confident in our strategy and business initiatives.”

The amendment, among other things, contains the following new financial covenant requirements:

Additional information regarding the terms of the amendment can be found on the Company’s form 8-K filed with the Securities and Exchange Commission.

About U.S. Xpress Enterprises

Founded in 1985, U.S. Xpress Enterprises, Inc. is the nation’s fifth largest asset-based truckload carrier by revenue, providing services primarily throughout the United States. We offer customers a broad portfolio of services using our own truckload fleet and third‐party carriers through our non‐asset‐based truck brokerage network. Our modern fleet of tractors is backed up by a team of committed professionals whose focus lies squarely on meeting the needs of our customers and our drivers.

Contacts

U.S. Xpress Enterprises, Inc.
Brian Baubach
Sr. Vice President Corporate Finance and Investor Relations
investors@usxpress.com