NEW YORK, Dec. 14, 2018 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C. is investigating potential claims against U.S. Xpress Enterprises, Inc. (NYSE: USX). Our investigation concerns whether U.S. Xpress has violated the federal securities laws and/or engaged in other unlawful business practices.
On November 1, 2018, U.S. Xpress announced its third quarter 2018 financial results. The company said that utilization in certain trucking divisions were negatively impacted as its over-the-road division was called upon to provide drivers to its dedicated division. The next day, U.S. Xpress revealed that it hired a new Chief Operating Officer.
On this news, U.S. Xpress’ share price fell by nearly 30%, closing at $7.10 per share on November 2, 2018.
If you purchased or otherwise acquired U.S. Xpress shares and suffered a loss, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Melissa Fortunato by email at email@example.com, or telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
Bragar Eagel & Squire, P.C. is a New York-based law firm concentrating in commercial and securities litigation. For additional information concerning our investigation into U.S. Xpress please go to http://www.bespc.com/usx/. For additional information about Bragar Eagel & Squire, P.C., please go to www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.