BENSALEM, Pa. –(BUSINESS WIRE)
Law Offices of Howard G. Smith announces an investigation on behalf of U.S. Xpress Enterprises, Inc. (“U.S. Xpress” or the “Company”) (NYSE: USX) investors concerning the Company and its officers’ possible violations of federal securities laws.
On November 1, 2018, U.S. Xpress announced its third quarter 2018 financial results. Therein, the Company reported that utilization in certain trucking divisions was negatively impacted because the Company’s over the road division was required to provide drivers to its dedicated division. Then, on November 2, 2018, U.S. Xpress revealed that it was retaining a new Chief Operating Officer. On this news, U.S. Xpress’s share price fell $3.04 per share, or nearly 30%, to close at $7.10 on November 2, 2018, thereby injuring investors.
If you purchased U.S. Xpress securities, have information or 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 Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to [email protected], or visit our website at www.howardsmithlaw.com.
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