USX - U.S. Xpress sees trucking industry ending 2021 on positive note

"2021 will be a story of contending tailwinds and headwinds," U.S. Xpress ([[USX]] +3.6%) said as it released its 2021 economic forecast for the trucking industry. "Driver shortages, capacity crunches, and ample freight (driven by evolutions in buying habits) were the common themes of 2020 and the pandemic economy intensified those underlying factors. Consequently, freight rates surged to record levels in the fall.""This will continue to be a challenging year, but I'm confident it will end on a positive note," added CEO Eric Fuller, detailing four key insights:1) Fewer drivers and more stimulus funding will continue to reduce truckload capacity - Reduced CDL training and the Drug & Alcohol Clearinghouse has resulted in nearly 200,000 fewer drivers as we enter 2021. Additional government stimulus dollars could keep even more from starting a driving career or coming back to the trucking industry. This will likely result in decreased capacity and driver

For further details see:

U.S. Xpress sees trucking industry ending 2021 on positive note