U.S. Xpress Reimagines Freight Brokerage Segment with Xpress Technologies
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Investing in innovative operating system helps ease supply chains for shippers and carriers
CHATTANOOGA, Tenn.--(BUSINESS WIRE)-- U.S. Xpress Enterprises, Inc. (NYSE: USX) is reimagining its brokerage segment to further propel the company’s mission to make goods move better every day. The new business unit, Xpress Technologies, is headed by new leadership and utilizes acquired and purposefully developed technologies to build and scale a digital freight marketplace that enhances service and enables success for carriers and shippers.
Through carrier optimization, Xpress Technologies better supports shippers as they face supply chain volatility. This system helps move goods on time and provide greater visibility into operations. At the same time, carriers are busier than ever, and Xpress Technologies delivers ease with access to consistent, equitably priced freight.
“As we digitally transform U.S. Xpress and develop a full suite of transportation solutions built for today’s supply chain, a robust digital brokerage capability has become an increasingly vital component of our long-term growth strategy,” said Eric Fuller, President & CEO of U.S. Xpress. “With Xpress Technologies, we’ve made significant investments in talent and tech that will bring greater visibility, efficiency, and flexibility for shippers and carriers alike.”
The Xpress Technologies business unit is led by President, Joel Gard. Gard joined U.S. Xpress from Coyote Logistics, where he was responsible for orchestrating the company’s entry into Europe, expanding its digital brokerage offering to service carriers and shippers in more than 30 countries. He’s now charged with building and strengthening the Xpress Technologies team by elevating a solid leadership foundation with new and diverse talent from within and outside the transportation industry.
“Xpress Technologies is solving challenges for both shippers and carriers by assembling an innovation-focused team that is building and deploying new technologies which streamline the digital brokerage process and aids in our curation of a high fidelity experience for our partners,” said Gard. “Though our journey has just begun, we’re pleased by the insights and early momentum we’re building with our team, our shippers and our carrier partners.”
The founding of Xpress Technologies as an incubation hub for a modern freight marketplace dates to 2020 when U.S. Xpress acquired a small technology company with a scalable platform and an experienced and talented team to integrate with its existing brokerage organization. Coupling a purpose-built technology stack with a focused and financially disciplined growth strategy has helped improve recent performance for this business unit.
The success of Xpress Technologies is complementary to Variant, the company’s new digital fleet. Variant has quickly scaled to more than 1,000 tractors and incorporates proprietary software that automates load planning and scheduling, enabling trucks to generate more revenue and drivers to take home more money. Both Variant and Xpress Technologies blend seamlessly with the company’s established Dedicated business unit, which services major shippers and continues to deliver operating efficiencies for the company.
U.S. Xpress Enterprises, Inc.
Through its subsidiaries, U.S. Xpress Enterprises, Inc. (NYSE: USX) offers customers over-the-road, dedicated, and brokerage services. Founded in 1985, the Company utilizes a combination of smart technology, a modern fleet of tractors, and a network of highly trained, professional drivers to efficiently move freight for a wide variety of customers. U.S. Xpress implements a range of digital initiatives and technology to drive innovation in the industry, streamline the value chain for customers, and improve the overall driver experience. For more, visit usxpress.com.
Brad Carmony, VP, Brand Communications
Source: U.S. Xpress Enterprises, Inc.
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