Contact: Ray Harlin
Chief Financial Officer
423-510-3323


U.S. XPRESS ENTERPRISES, INC. REPORTS FOURTH QUARTER RESULTS AND ANNOUNCES STOCK REPURCHASE PROGRAM
REPORTS INCREASES IN ANNUAL REVENUE AND EARNINGS

CHATTANOOGA, Tenn. (January 29, 2007) - U.S. Xpress Enterprises, Inc. (NASDAQ:XPRSA) today announced operating revenue and earnings for the fourth quarter and year ended December 31, 2006.

Financial Highlights
Revenue for the fourth quarter of 2006 increased 21.4% to $386.0 million compared with $318.0 million in the fourth quarter of 2005. Net income for the fourth quarter was $6.4 million, or $0.41 per diluted share, compared with net income of $7.1 million, or $0.46 per diluted share, in the prior-year period.

For the year ended December 31, 2006, revenue increased 26.4% to $1.5 billion from $1.2 billion in the prior year. For 2006, the Company reported net income of $20.1 million, or $1.29 per diluted share, compared with net income, before a one-time pre-tax charge of $2.8 million related to the sale and exit of the Company’s airport-to-airport business, of $10.9 million, or $0.68 per diluted share, for the prior year. After the one-time charge, the Company reported net income of $9.4 million, or $0.59 per diluted share, for the year ended December 31, 2005.

On February 28, 2006, the Company acquired additional equity in both Arnold Transportation and Total Transportation, increasing its ownership interest in each to 80% from 49%. Accordingly, the financial results of Arnold and Total from February 28, 2006, are included in the Company’s consolidated financial statements. Consolidated revenue, excluding fuel surcharges, and operating income for the fourth quarter of 2006 includes $74.1 million of revenue and $4.7 million in operating income of Arnold and Total. Consolidated results for the year ended December 31, 2006, include $258.3 million of revenue, excluding fuel surcharges, and $17.9 million in operating income of Arnold and Total. Consolidated results for the fourth quarter and year ended December 31, 2005, included $984,000 and $2.8 million, respectively, of equity income of Arnold and Total.

Max Fuller, Co-Chairman, stated, “After establishing a new record for quarterly earnings per share of $0.47 in the third quarter of 2006, we encountered a fourth quarter freight environment more challenging than we anticipated as the normal seasonal freight surge failed to materialize. Further, softness in the housing and automotive sectors caused an influx of capacity in markets served by our truckload operations. These market factors and the normal fourth quarter seasonal softness at Xpress Global largely account for the decrease in fourth quarter earnings compared with our record third quarter results.”

Truckload Operations
During the fourth quarter, truckload revenue, excluding the effect of fuel surcharges, increased 24.8% to $317.5 million from $254.5 million a year ago while truckload operating income decreased to $16.5 million from $17.1 million in the fourth quarter of 2005. For the year, truckload revenue, excluding the effect of fuel surcharges, increased 26.3% to $1.2 billion compared with $933.2 million in 2005 and truckload operating income increased 40.1% to $52.5 million compared with $37.5 million in 2005.

Co-Chairman, Patrick Quinn, stated, “The contributions to our 2006 fourth quarter operating income by Arnold and Total were offset by lower operating income at our U.S. Xpress truckload operations. When compared with the fourth quarter of last year, freight demand was significantly weaker and the very strong spot market experienced in 2005 was virtually nonexistent in 2006, which resulted in lower rates and utilization within our U.S. Xpress truckload operations. The comparisons with last year’s fourth quarter notwithstanding, we believe we have a more solid, diversified, and healthier core truckload business than ever before; a truckload business which is less dependent on a strong freight and spot pricing market to achieve improved operating results in the future.”

1

The following information was filed by Us Xpress Enterprises Inc (USX) on Tuesday, January 30, 2007 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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