Shares of U.S. Xpress stock will begin trading on the New York Stock Exchange on Thursday, the company announced Wednesday, in a bid to raise hundreds of millions for the Chattanooga, Tennessee-based trucking giant (No. 16 in the CCJ Top 250). The company says it anticipates net proceeds of $250 million from its initial public offering, which the company has priced at $16 a share.
It will trade under the ticker symbol “USX”. The carrier operates about 6,500 trucks and employs about 8,000 drivers, according to CCJ Top 250 data.
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