Truckload carrier U.S. Xpress, which is seeking to implement an entirely new model under its Variant initiative but whose finances are those of a company that mostly missed out on the recent freight market boom, is undertaking restructuring and cost-cutting.
The move, announced after the stock market close Wednesday, is not entirely surprising; news of significant layoffs at the company were reported in late August. But with the news of layoffs at U.S. Xpress widely disseminated two weeks ago,...