U.S. Xpress Enterprises, Inc. (NASDAQ: XPRSA) today announced its expected range of earnings for the first quarter ended March 31, 2007, as well as details for the release of its first quarter results and earnings conference call. For the first quarter of fiscal 2007, the Company expects to report a loss of approximately $0.15 to $0.17 per diluted share compared to net income of $0.05 per diluted share for the first quarter of 2006. Revenues are expected to be approximately $361.0 million, or an increase of 20.5% compared with $299.7 million in the first quarter of 2006. Revenues for the 2006 period did not include the revenues from Arnold and Total prior to the consolidation of such companies effective March 1, 2006. Profitable operating results in both the truckload and Xpress Global Systems operating segments in March were unable to overcome the operating loss of the Company�s truckload segment for January and February, as the quarter was adversely impacted by lower than expected freight demand, severe winter weather in key high-traffic markets that hampered tractor utilization, and rising fuel prices in the second half of the quarter. The Company plans to issue final first quarter results after the market closes on Thursday, April 19, 2007, and will host a conference call to discuss first quarter results on Friday, April 20, 2007, at 11:00 a.m. ET. The number to call for this interactive teleconference is (913)�981-4910. A replay of the conference call will be available through April 27, 2007, by dialing (719)�457-0820 and entering the passcode 4697350. The live broadcast of the U.S. Xpress Enterprises quarterly conference call will be available online at the Company's website, www.usxpress.com, and at the following site: http://www.videonewswire.com/event.asp?id=38978 on April 20, 2007, beginning at 11:00�a.m. ET. The online replay will follow shortly after the call and continue through April 27, 2007. U.S. Xpress Enterprises, Inc. is the fifth largest publicly owned truckload carrier in the United States, measured by revenue. The Company provides dedicated, regional, and expedited team truckload services throughout North America, with regional capabilities in the West, Midwest, and Southeastern United States. The Company is one of the largest providers of expedited and time-definite services in the truckload industry and is a leader in providing expedited intermodal rail services. Xpress Global Systems, Inc., a wholly owned subsidiary, is a provider of transportation, warehousing, and distribution services to the floor covering industry. The Company participates in logistics services through its joint ownership of Transplace, an Internet-based global transportation logistics company. U.S. Xpress has an 80% ownership interest in Arnold Transportation Services, Inc., which provides regional, dedicated, and medium length-of-haul services with a fleet of approximately 1,500 trucks, and Total Transportation of Mississippi and affiliated companies, a truckload carrier that provides medium length of haul and dedicated dry-van service with a fleet of approximately 500 trucks primarily in the Eastern United States. Additionally, U.S. Xpress has a 49% ownership interest in Abilene Motor Express, Inc., a truckload carrier that provides medium length of haul and dedicated dry van truck services, primarily in the eastern United States with a fleet of approximately 170 trucks. Please visit the Company's website at www.usxpress.com. XPRS-F This press release contains certain statements that may be considered "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. These statements generally may be identified by their use of terms or phrases such as "expects," "estimates," "anticipates," "projects," "believes," "plans," "intends," "may," "will," "should," "could," "potential," "continue," "future," and terms or phrases of similar substance. In this press release, the statement relating to expectations concerning the range of estimated diluted earnings per share is a forward-looking statement. The estimated range has not been subject to all of the review procedures associated with the release of actual financial results and is premised on assumptions concerning the financial close and certain accrual amounts and management judgment associated with the end of each quarter. Readers should review and consider these factors along with our various disclosures in filings with the Securities and Exchange Commission. We disclaim any obligation to update or revise any forward-looking statements to reflect actual results or changes in the factors affecting the forward-looking information.
U.S. Xpress (NASDAQ:XPRSA)
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