Cameron Ramsdell Appointed President of Newly Formed U.S. Xpress Ventures
CHATTANOOGA, Tenn. (April 22, 2019) -U.S. Xpress Enterprises, Inc. (NYSE:USX) the nation’s fifth largest asset-based truckload carrier by revenue, today announced the establishment of U.S. Xpress Ventures, an internal business unit focused on developing and implementing new asset based business models and technology strategies. Cameron Ramsdell has been recruited to lead U.S. Xpress Ventures as President.
“Technology and innovation remain a top priority for U.S. Xpress as we work to advance our strategic initiatives we believe are designed to deliver industry leading profitability. We are excited to announce the formation of U.S. Xpress Ventures to be led by Cameron Ramsdell, an accomplished industry veteran, which we expect will maximize the many opportunities that we see ahead as the speed of technology development and adoption in our industry accelerates.” said Eric Fuller, President and CEO of U.S. Xpress. “With U.S. Xpress Ventures, we will be working towards advancing our own technology focused on delivering a frictionless order to compete in the evolving transportation and logistics industry.”
Mr. Ramsdell comes to U.S. Xpress from Coyote Logistics, a third party logistics provider, where he most recently served as the company’s Chief Technology Officer leading their Product, Software Development, Project Management, Infrastructure and Data Science groups. Prior to his time in technology, Mr. Ramsdell led Coyote’s Strategy group where he was responsible for acquisitions and the company’s expansion into Mexico and Europe. Mr. Ramsdell holds a Bachelor of Arts from Denison University and an MBA from Northwestern University’s Kellogg School of Management.
About U.S. Xpress Enterprises
Founded in 1985, U.S. Xpress Enterprises, Inc. is the nation’s fifth largest asset-based truckload carrier by revenue, providing services primarily throughout the United States. We offer customers a broad portfolio of services using our own truckload fleet and third-party carriers through our non- asset-based truck brokerage network. Our modern fleet of tractors is backed up by a team of committed professionals whose focus lies squarely on meeting the needs of our customers and our drivers.
This press release contains certain statements that may be considered forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such statements are subject to the safe harbor created by those sections and the Private Securities Litigation Reform Act of 1995, as amended. In this press release, the statements relating to future opportunities related to U.S. Xpress Ventures, our ability to realize on those opportunities, and whether our strategic initiatives deliver industry leading profitability are forward-looking. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including in this case the risk that the new venture may not be successful or fully achieve the objectives of the venture. Readers should review and consider these factors along with the various disclosures by the Company in its press releases, stockholder reports, and filings with the Securities and Exchange Commission. We disclaim any obligation to update or revise any forward-looking statements to reflect actual results or changes in the factors affecting the forward-looking information.
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U.S. Xpress Enterprises, Inc.
Sr. Vice President Corporate Finance and Investor Relations
VP, Corporate Communications
Source: U.S. Xpress Enterprises, Inc.