Scott Group of Wolfe Research wanted to know more about a laundry list of characteristics of Variant: Do Variant trucks get spot rates? Are they contract rates? Are the trucks all new or are there repurposed old trucks in there too? In other words, as he said, the analysts needed a little “color.” On the company’s fourth-quarter earnings conference call, that challenge seemed to be encapsulated in one analyst suggesting he really didn’t get what Variant was all about. One task beyond implementing the program is to convince Wall Street analysts and the investment community that Variant is going to radically change U.S. Xpress (NYSE:USX) faces multiple challenges in the rollout of its Variant initiative, which the company posits as akin to starting a new trucking company within a trucking company as opposed to just fixing what the truckload carrier already has. In what amounted to an “encore,” the end of the Q&A didn’t mean an end to the discussion on Variant and its role in USX’s future. The Forum at FreightWaves LIVE (Fall 2019).Evolve: The Next Evolution of Oil & Gas.Podcasts: FreightWaves FreightCasts Network.Loaded & Rolling (Enterprise Fleet News/Analysis).
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. Archives
January 2023
Categories |