Overview
- Adjusted EPS came in at $0.31 versus $0.36 expected, with revenue of $1.856 billion versus $1.9 billion and adjusted operating income down 5% year over year to $101 million.
- The company reported a $6.8 million net loss that included $53 million in noncash charges tied to rolling Abilene Motor Express under Swift.
- Truckload revenue declined 2% year over year as average tractors fell 5% and revenue per tractor rose 2%, with the carrier trimming its fleet and the TL unit posting a 92.9% adjusted operating ratio.
- Expense actions remain the main lever for recovery, including roughly $150 million removed at U.S. Xpress and lower maintenance, fuel and insurance as a share of revenue.
- Guidance calls for first‑quarter adjusted EPS of $0.28 to $0.32, management described January network balance as modestly better than typical seasonality without declaring a turn, and analysts tweaked price targets following the report.