“While scaling Variant, we see multiple opportunities for collaboration with subject matter experts in our other operations to improve the value proposition for customers and gain other efficiencies,” Fuller said in the company’s SEC filing. In a filing with the Securities and Exchange Commission, Fuller lauded Ramsdell’s “instrumental” work in setting up and growing Variant inside its parent company but also said the business can now be better integrated with the rest of U.S. Xpress’ total Q3 revenues were $491 million.) Xpress CEO Eric Fuller-who this fall said he thought the third quarter was an inflection point for the venture-and his team say Variant has annualized revenues of about $300 million. The Atlanta-headquartered venture, which is drawing about $30 million per year in technology spending, launched with a pilot fleet in late 2019 and grew to about 700 trucks a year ago and 1,500 today. Xpress have sought to duplicate the digital freight brokerage business model in the over-the-road environment, using various technology platforms and artificial intelligence tools to optimize drivers’ efficiency and boost utilization and yield. Xpress in the spring of 2019 after working more than a decade at UPS-owned Coyote Logistics, where he rose to chief technology officer. on Monday fired the president of the fast-growing digital truckload business they view as their main growth platform for the coming years.Ĭameron Ramsdell joined Chattanooga-based U.S.
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