1、INVESTING IN OUR FUTURE INVESTING IN OUR FUTURE 2020 ANNUAL REPORT2020.What a year.We saw significant changes in GDP,Jobless Claims,Employment,Personal Income and Consumption,Manufacturing Activity,Class 8 Truck Orders,Logistics Managers Index and Spot Market Dynamics almost all of which can be attr
2、ibuted in some way to the COVID-19 pandemic.It wasnt an easy year,but more heroes emerged than we ever could have expected,especially in the trucking industry where driver shortages,capacity crunches,and surplus freight were the common themes.We heard so many stories that demonstrated the resilience
3、 and determination of carriers,shippers,and most of all,our drivers.Weve never been prouder of our industry.Sure,some decisions we made in 2020 came out of necessity,driven by the state of the country and economy.But 2020 also provided ample opportunity and became an exciting year of investments a y
4、ear of preparing for the future and building a solid foundation for the long-term success of U.S.Xpress.From an emphasis on technology,including a partnership with autonomous trucking company,TuSimple,to the hiring of innovative leaders,we spent 2020 working on solutions that will help us scale and
5、drive success 5,10,even 20 years down the road.As President and CEO Eric Fuller has said many times,“If we want to be competitive long-term,we need to continue transforming ourselves.We must innovate,think of different ways to do business,build different kinds of product offerings,and embrace techno
6、logy to gain efficiencies and scale.”And thats what 2020 was all about.U.S.XPRESS ENTERPRISES,INC.2020 ANNUAL REPORT 1INVESTING IN THE PEOPLE AND TECHNOLOGY THAT WILL DRIVE US FORWARD2INVESTING IN A DIGITAL FLEETVariant,our digital fleet for experienced drivers,has set out to change the trucking ind