Visit Our Sponsors
“We see Amazon as a large customer and a good partner,” CEO Eric Fuller said in a phone interview. While the e-commerce giant has been dabbling in trucking and logistics initiatives, including a trucking app and its own delivery network, Fuller doesn’t see it as a threat.
“If Amazon adds trucks, that isn’t going to completely change the fact that they are still going to need a lot of capacity from some of the largest trucking companies,” Fuller said, comparing it to Walmart, "One of the biggest trucking companies out there, but they also are just about everybody’s largest customer, and that is because they need so much capacity.”
U.S. Xpress’s biggest customers include both Amazon and Walmart, as well as Home Depot, Fedex, Dollar Tree and Dollar General.
The Chattanooga, Tenn.-based trucking company debuted on the New York Stock Exchange on June 14, with shares gaining 3.9 percent over two days. The market has been good for the group over the past year, with a standard gauge for the sector — the Russell 3000 Truckers Index — gaining 37 percent versus the broader S&P 500 Index rise of 14 percent.
Timely, incisive articles delivered directly to your inbox.