Us xpress enterprises reports third-quarter 2019 results

U.s. xpress enterprises, inc. reports third quarter 2019 results.q3 revenue $428.5 million versus refinitiv ibes estimate of $430.2 million.q3 loss per share $0.03.q3 earnings per share estimate $0.06 -- refinitiv ibes data.qtrly operating ratio of 99.2% compared to 95.0% in q3 of 2018.q3 was marked by continued industry-wide overcapacity of tractors in relation to freight demand.us xpress enterprises - pricing environment in quarter was impacted by unprecedented and unsustainable rate competition from digital freight brokers.expect company's full year adjusted operating ratio to exceed 97.5%.adjusted operating ratio for full year would approximate 98.5%.us xpress enterprises - adjusted operating ratio for fy would be about 98.5% if current market environment experienced through oct persists through year-end.
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