Trucking giant lays off 5% of corporate workforce after reporting loss

May 14, 2022 at 04:42 PM CST
Chattanooga, Tennessee-based U.S. Xpress announced that it is cutting 5% of its corporate workforce in an effort to slash costs after the truckload carrier reported last week losing more than $8.9 million in the first quarter. Brad Carmony, VP of brand communications for U.S. Xpress, said the decision to cut about 70 of its 1,400 office employees, working mainly in information technology, company operations and back-office support, was “necessary for the health and long-term success of the business.”

May 14, 2022 at 04:42 PM CST

Chattanooga, Tennessee-based U.S. Xpress announced that it is cutting 5% of its corporate workforce in an effort to slash costs after the truckload carrier reported last week losing more than $8.9 million in the first quarter. Brad Carmony, VP of brand communications for U.S. Xpress, said the decision to cut about 70 of its 1,400 office employees, working mainly in information technology, company operations and back-office support, was “necessary for the health and long-term success of the business.”