U.S. Xpress Enterprises: Shares down on forecast cut

US Xpress Enterprises

11/07/2019 22:37

** Truckload carrier's shares  USX.N  down 8.2% at $4.45
after market
    ** If current levels hold, stock set to open at record low
    ** Company cuts Q2 & FY adj operating ratio forecast along
with 2019 net capex budget  urn:newsml:reuters.com:*:nBw3FQv2ma
    ** USX cites forecast cut to atypical freight market
dynamics which resulted in an influx of new trucks and drivers
adversely impacting the supply and demand chain
    ** Up to Thursday's close, stock had fallen 13.6% this year

 (Reporting by Aditi Sebastian in Bengaluru)
 ((Email: aditi.sebastian@thomsonreuters.com))