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Drilling Deep: Biden administration calls for more oil
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Knight Transportation, Inc (NYSE:KNX) - Drilling Deep: How Will LTL And Truckload Coexist After Knight-Swift Deal?
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Drilling Deep: The KSM Outlook On The Trucking Market
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Drilling Deep: Pallets Are Latest Thing To Get Squeezed In Supply Chain
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U.S. Xpress (NYSE: USX) first-quarter earnings release and subsequent conference call with analysts gave CEO Eric Fuller an opportunity to start putting some numbers on the impact of its Variant initiative, a truckload carrier inside a truckload carrier.
One number that was not released for Variant: an operating ratio. But for what is believed to be the first time since the tech-driven alternative to U.S. Xpress legacy business was announced last year, a figure on mileage was provided.
Variant s first-quarter utilization was 1,815 average revenue miles per tractor per week, the company said. But utilization if weather-impacted February was stripped out was 1,864 miles. Other unspecified operating metrics held stable, Fuller said on the call Thursday, according to a transcript provided by SeekingAlpha.