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.

U.S. Xpress has operated as a privately owned company

Read the rest of this article by one of our favorite contributors who provide some of the best supply chain content in the industry.