Eve is Here for You

by Ashley Rhodes 5. December 2019 15:21

DTN - Eve, the external event recorder, is here to help keep everyone safer. Here’s how: 

- Eve records video outside the cab and audio inside the cab when a triggering event occurs: hard braking, swerving, speeding, collisions or lane departures.

- It is used to give kudos to good driving, coaching to driving that could be better and has the potential to clear you when you’re not at fault. 

- You can manually record if necessary by pushing either of the blue buttons. 

If you have any questions about Eve, please reach out to your Fleet Manager/Account Supervisor. 

Tags:

USX

Enroll Today in the Employee Stock Purchase Plan

by Ashley Rhodes 5. December 2019 14:08

Enrollment is now open for the Employee Stock Purchase Plan (ESPP). From December 1-15, any U.S. Xpress employee who’s been with the company for at least 12 months can purchase U.S. Xpress stock at a 15% discount.

This discount is both higher than many of our competitor trucking companies and the highest allowable by the Securities and Exchange Commission (SEC). 

Here’s How it Works:

Each year, there will be two enrollment periods (December 1-15 and June 1-15) during which you can sign up for the ESPP and determine what percentage of your compensation you want to allocate to purchasing U.S. Xpress stock.

After that, there are six-month “funding periods” during which time your pre-determined allocation will be withheld from your paycheck. At the end of each funding period, the Company will use funds that have been deducted from your paycheck to purchase shares at a 15% discount off the stock price on either the first day of the funding period or on the last day of the funding period, whichever is lower.

So, for example, if you enroll in December 2019 and the stock is trading at $5 per share on the first day of the funding period (January 1, 2020) and trading at $10 per share on the last day of the funding period (June 30, 2020), the money that’s been withheld during that six-month period would be used to buy stock at 15% off the lower of the two prices, or $4.25 ($5/share less 15% discount). Although you will need to hold the shares for one year prior to selling or transferring them, it is hard to beat a 15% discount on the lower of two prices.

Have You Signed Up Previously for the ESPP?

If you plan to keep the same contribution you set during your previous enrollment, you do not need to do anything.

However, if you would like to increase, decrease or suspend your contribution, you do need to log into your account by clicking here (no activation code needed) and changing or suspending the percentage you initially allocated toward purchasing U.S. Xpress stock.

New to the ESPP? Follow these Three Simple Steps to Sign Up:

1.    Decide what percentage of your compensation you’d like to allocate for purchasing stock at a 15% discount. You may contribute anywhere from 1% of your compensation to 15% of your compensation, but not more than $25,000 over the course of a year ($12,500 for each 6-month period. IRS rules).

2.    Be on the lookout for an email and/or snail mail that will include a 12-digit account activation code that’s been generated just for you. You’ll use that code to activate an online account that will allow you to enroll in the ESPP.

3.    Activate your online account by visiting https://usxpress.solium.com to access the ESPP website called Shareworks.

·         The first time you visit Shareworks, you’ll want to click “Open Account” in the top right hand corner of the web page and use your 12-digit activation code to get started.

·         Follow the prompts to activate your account, determine a password and enroll in the ESPP. Make sure to take this step during one of the two annual enrollment periods: December 1-15 or June 1-15.

·         If for some reason you don’t receive your activation code via mail or email, just give Shareworks a call at 1.877.380.7793 and they’ll give you your activation code.

Visit www.USXpressway.com for a handy graphic that explains the process.

Have More Questions?

See below or contact the HR Service Center at hrservices@usxpress.com or 1-844-USXPRESS (Option #7)

ESPP Q&A

Who can participate in the ESPP?

Everyone who works for U.S. Xpress, Inc. or Total Transportation and has been employed at least 12 months before the funding periods begin is eligible to participate.

How do I participate in the ESPP?

Have you previously participated in the ESPP? If you want to continue participating at the same contribution you set during your previous enrollment, you do NOT need to do anything. If you would like to increase, decrease or suspend your contribution, you will need to login to your account athttps://usxpress.solium.com, and click on either “Change Contributions” or “Suspend Contributions”.

New to the ESPP? You can sign up in three simple steps:

  1. Decide what percentage of your compensation you’d like to allocate for purchasing stock at a 15% discount. You may contribute anywhere from 2% of your salary to 15% of your salary but not more than $25,000 over the course of a year ($12,500 for each 6-month period. IRS rules).
  2. Be on the lookout for an email and/or snail mail that will include 12-digit activation code that’s been generated just for you. You’ll use that code to activate an online account that will allow you to enroll in the ESPP.
  3. Activate your online account to access the ESPP website called Shareworks by visiting https://usxpress.solium.com.
    • The first time you visit Shareworks, you’ll want to click “Open Account” in the top right-hand corner of the web page and use your 7-digit activation code to get started.
    • Follow the prompts to activate your account, determine a password and enroll in the ESPP. Make sure to take this step during one of the two annual enrollment periods: December 1-15 or June 1-15.
    • If, for some reason, you don’t receive your activation code via mail or email, just give Shareworks a call at 1.877.380.7793 and they’ll give you your activation code.

That’s it. At the end of the funding period, you’ll be the proud owner of U.S. Xpress stock.

How often do I need to enroll in the ESPP?

If you wish to continue participating with no changes to your contribution, you don’t need to do anything when the enrollment periods roll around. 
 .
If you would like to increase, decrease or suspend your contribution, you will need to update your account information during the enrollment periods.
 
Once you’re enrolled in the ESPP, your designated payroll deduction will continue until you decide to stop participating or change your allocation. You can do that by accessing your online Shareworks account.
 

What is the “funding period”?
The funding period is a six-month period, beginning either July 1 or January 1 each year. During that time, the percentage of your compensation designated by you is deducted from your paycheck to purchase stock.

When the funding period is over, our ESPP administrators will look at the stock’s fair market value at both the beginning and the end of the funding period. The price you pay will be the lower of the two, and your 15% discount comes on top of that.

You do need to be participating at the beginning of the funding period to purchase shares at the end of the funding period.

What is the “enrollment period”?
Enrollment periods are the two times per year when you can enroll in the plan or make changes to your contributions: December 1-15 (for funding period January 1-June 30) and June 1-15 (for funding period July 1-December 31).

Are Owner/Operators or Lease/Purchase drivers eligible to participate?
If you’re an Independent Contractor (Owner/Operator, Lease/Purchase), you’re running your own business. The Employee Stock Purchase Plan is only for employees of U.S. Xpress or Total Transportation.

May I withdraw from the plan after I’ve signed up?
Of course. Here are the details:

As long as there are more than 20 business days left in the funding period you’re in, you can withdraw from the Plan before the purchase date by selecting “Suspend Contributions” in the online Shareworks account you established when you enrolled.

You’ll get back all of the amounts previously withheld from your paycheck that have not yet been used to purchase shares. 

Keep in mind that, once you withdraw, you will have to wait until the next enrollment period to sign up again. And, if you’ve withdrawn, you’ll need to re-enroll in the ESPP during the next open enrollment period if you wish to participate in a subsequent funding period.

May I change the amount of money I’m contributing to the plan?
Sure. You have a couple of options:

1.    You can wait until the next two-week enrollment period (every December 1-15 and June 1-15) and change your allocations for the following six-month funding period.

or

2.    During your current funding period, you can decrease the amount deducted from your payroll by logging into your Shareworks account at https://usxpress.solium.com and clicking “Change Contributions”. Please allow 10 business days (an entire payroll period) to process any decrease in payroll deductions. Note that you’ll have to wait until the next enrollment period to increase your deductions.

 

If you already have U.S. Xpress stock through the ESPP when you leave, that stock is yours and you take it with you. The only requirement is that you not sell the stock until at least a year after its purchase date.

If you leave the company during a funding period (in other words, while you’re saving money through payroll deduction that hasn’t yet been used to purchase your stock), you’ll be reimbursed all of the funds that were withheld as soon as reasonably possible.

Of course, since this is an Employee Stock Purchase Plan, you will no longer be eligible to participate if you leave.

How are shares distributed to me?
The online Shareworks account you set up when you enroll will be where your shares will be kept for at least a year.

May I sell the shares I acquired through the ESPP?
Of course! The shares are yours to do with as you please. The only requirement is that you hold onto the shares for at least 12 months and, if applicable to you in your role at the company, comply with the Company’s Insider Trading Policy. Keep in mind that, as with any investment, there may be tax consequences depending on the buy/sell price and the length of time you hold your shares. Speak with a tax or financial advisor if you want more details about IRS implications of this or other investment decisions.

How do I sell shares?
Shares may be sold through a brokerage account or through your Shareworks account. As with most stock transactions, you will incur commissions in most instances.

What are the tax consequences of participating in the ESPP?
There will be no tax consequences to most participants in the ESPP either at the start of the funding period or when the shares are purchased at the end of the funding period.

Taxes will typically result from a sale of stock at a higher price than the price paid. Because of this, you’re unlikely to encounter any tax consequences unless you choose to sell your stock in the future.

Since many factors will influence the tax treatment of your gains or losses under the ESPP, your best bet is to review participation in the ESPP with your tax adviser or financial planner.

What are the tax consequences of selling my shares?
The tax consequences of selling shares acquired under the ESPP will depend on a number of factors, the most important of which are the holding period and the market price.

In general, you’ll likely pay taxes on the difference between your purchase price and selling price, if you sell the stock at a higher price than you bought it.

Since many factors will influence the tax treatment of your gains or losses under the ESPP, your best bet is to review participation in the ESPP with your tax adviser or financial planner.

Whom do I contact if I have more questions about the ESPP?
Just contact the HR Service Center at hrservices@usxpress.com or 1-844-USXPRESS (Option #7).

Whom do I contact if I have questions about the Shareworks site?
You can give Shareworks a call at either of these numbers. Note the Shareworks site is owned and administered by a company called Solium/Morgan Stanley. So when you hear the name “Solium” or “Morgan Stanley” upon calling the number, you’re in the right place. 

1.877.380.7793 (US)
1.403.515.3956 (International)

Tags:

TOT

Enroll Today in the Employee Stock Purchase Plan

by Ashley Rhodes 4. December 2019 16:28

Enrollment is now open for the Employee Stock Purchase Plan (ESPP). From December 1-15, any U.S. Xpress employee who’s been with the company for at least 12 months can purchase U.S. Xpress stock at a 15% discount.

This discount is both higher than many of our competitor trucking companies and the highest allowable by the Securities and Exchange Commission (SEC). 

Here’s How it Works:

Each year, there will be two enrollment periods (December 1-15 and June 1-15) during which you can sign up for the ESPP and determine what percentage of your compensation you want to allocate to purchasing U.S. Xpress stock.

After that, there are six-month “funding periods” during which time your pre-determined allocation will be withheld from your paycheck. At the end of each funding period, the Company will use funds that have been deducted from your paycheck to purchase shares at a 15% discount off the stock price on either the first day of the funding period or on the last day of the funding period, whichever is lower.

So, for example, if you enroll in December 2019 and the stock is trading at $5 per share on the first day of the funding period (January 1, 2020) and trading at $10 per share on the last day of the funding period (June 30, 2020), the money that’s been withheld during that six-month period would be used to buy stock at 15% off the lower of the two prices, or $4.25 ($5/share less 15% discount). Although you will need to hold the shares for one year prior to selling or transferring them, it is hard to beat a 15% discount on the lower of two prices.

Have You Signed Up Previously for the ESPP?

If you plan to keep the same contribution you set during your previous enrollment, you do not need to do anything.

However, if you would like to increase, decrease or suspend your contribution, you do need to log into your account by clicking here (no activation code needed) and changing or suspending the percentage you initially allocated toward purchasing U.S. Xpress stock.

New to the ESPP? Follow these Three Simple Steps to Sign Up:

1.    Decide what percentage of your compensation you’d like to allocate for purchasing stock at a 15% discount. You may contribute anywhere from 1% of your compensation to 15% of your compensation, but not more than $25,000 over the course of a year ($12,500 for each 6-month period. IRS rules).

2.    Be on the lookout for an email and/or snail mail that will include a 12-digit account activation code that’s been generated just for you. You’ll use that code to activate an online account that will allow you to enroll in the ESPP.

3.    Activate your online account by visiting https://usxpress.solium.com to access the ESPP website called Shareworks.

·         The first time you visit Shareworks, you’ll want to click “Open Account” in the top right hand corner of the web page and use your 12-digit activation code to get started.

·         Follow the prompts to activate your account, determine a password and enroll in the ESPP. Make sure to take this step during one of the two annual enrollment periods: December 1-15 or June 1-15.

·         If for some reason you don’t receive your activation code via mail or email, just give Shareworks a call at 1.877.380.7793 and they’ll give you your activation code.

Visit www.USXpressway.com for a handy graphic that explains the process.

Have More Questions?

See below or contact the HR Service Center at hrservices@usxpress.com or 1-844-USXPRESS (Option #7)

Tags:

USX

Did You Know You Can Scale with Your Fuel Card?

by Ashley Rhodes 3. December 2019 13:21

As some of you already know, your U.S. Xpress fuel card can be used to pay scaling fees too! 

Fuel cards can be used to pay scaling fees up to 2 times a day for a total amount of $30. If for any reason you scale at a location that does not accept our card, you can still submit the receipt on an expense report to Payroll.  

Any questions about scaling more than twice or using your fuel card for scaling purchases? Please reach out to your FM/AS or contact the Fuel Desk at 844-879-7737, option 2.

Thank you for driving with us!

Tags:

USX

Optimize Your Earnings & Minimize Your Taxes with Per Diem Advantage

by Ashley Rhodes 2. December 2019 14:21

As you likely know, with the introduction of a new 2018 tax law, you can no longer itemize work expenses for tax purposes. But there is good news: the IRS now allows you to keep $66 of your earnings per day tax-free as a professional truck driver.

U.S. Xpress Per Diem Advantage makes sure you get the full advantage of this new IRS benefit, allowing you to potentially take home up to 8% more per pay check.

How does it work? If you choose to participate in Per Diem Advantage, you'll get paid two different rates for every mile you run. One rate is taxed by the IRS, and the other rate is tax-free. For every mile you run, you're getting paid both of those rates.

When it comes time to get paid, all the usual taxes will come out of the taxed portion of your pay, but taxes won’t come out of the tax-free portion of the Per Diem Advantage pay, leaving you with more take-home pay each week.

Don’t forget, since the 2018 tax law went into effect, U.S. Xpress Per Diem Advantage is now the only way you can get a tax-free IRS benefit.

You should keep in mind that everyone’s tax situation is a little different, and you can visit www.usxjobs.com/per-diem-advantage-pay-calculator to get an estimate that closely matches your individual circumstances. We also recommend that you talk with a tax professional if you’re still unsure about whether Per Diem Advantage is right for you.

If you’re ready to enroll in Per Diem Advantage, you can sign up in three easy ways:

·         Enter a Payroll Setup Macro 53 on DriverTech and type “Y” behind “DO YOU ELECT TO PARTICIPATE IN PER DIEM ADVANTAGE”.

·         Call your Fleet Support Manager or Account Supervisor.

·         Call 1-844-USXPRESS and speak to a Payroll team member by selecting Option #5.

Are you a Dedicated Driver? With the introduction of Per Diem Advantage, many of our accounts that were ineligible to be on our previous per diem program are now eligible to participate. These accounts include (but are not limited to) Ashley Furniture Advance, Baxter Health, Dollar General Janesville, Dupre Logistics New Orleans, Family Dollar Marianna, FedEx Chattanooga, Hobby Lobby Oklahoma City, Libbey Glass Toledo, Michaels Alliance, Michaels Hazleton, Michaels Jacksonville, Target Denton, Target Lake City, Tractor Supply Co. Frankfurt, Tractor Supply Co. Guilderland, and Walmart Auburn.

Tags:

USX

More Tips for Driving Safely in Winter Weather

by Ashley Rhodes 1. December 2019 13:58

Here are a few helpful tips to avoid frozen brakes this winter:

1. Drain your tractor and trailer air tanks daily.

2. Do not set trailer brakes unless you are dropping a trailer.

3. Once you’ve parked, let the truck sit there for about 15 minutes before activating your truck brakes. That will allow the temperature to equalize. After that, pull forward and spread ice melt in your tire tracks before backing into the original parking spot again. That will stop your brakes and tires from freezing. 

4. When you are ready to leave, make a slight turn to the right while looking to your passenger side mirror. Make sure both of your outside wheels are turning. Do the same with a left turn. If your wheels are turning, you are good to go.

Tags:

USX

Safety Tips for Driving in Winter Weather

by Ashley Rhodes 30. November 2019 13:35

Whether you’re driving in snow, ice, rain, or high winds, there are a few things to remember that will help keep you and others on the road safer. Here a few tips for driving in extreme weather conditions.

1. Professional drivers know to do a pre-trip inspection every time they hit the road, but there are some things that require close attention during severe weather. Make sure you’re lights, mirrors, windows, and brakes are clean and functioning properly, and ensure that your tires are properly inflated and have good tread depth.

2. Make sure to check all weather forecasts along your route before leaving.

3. If you drive slip-seat or you’re in a new truck, make sure you know where your wiper, defrost and light control knobs are before you hit the road. 

4. Make sure you have enough time to stop or maneuver by driving the appropriate speed and maintaining proper following distances. 

5. If the roads are slick from rain, snow or ice, reduce your speed, and double your following distance. Don’t use cruise control, and keep your lights are on and your windows and mirrors clear.

6. If you’re driving in high winds, be very cautious if you have a light or empty load. It’s always safer to keep your loads balanced and well secured.  

7. When driving through fog, dust, or smoke, keep headlights on low beam, and stay in the right lane. If visibility decreases, get off at the next exit (avoid stopping on roadways).

As always, if road conditions are hazardous (snow, ice, and wind) and you cannot safely drive, park your truck and send a satcom message to your Fleet Support Manager/Account Supervisor as soon as possible.

Tags:

USX

Employee Stock Purchase Plan Enrollment Period Coming December 1-15

by Ashley Rhodes 29. November 2019 11:09

The enrollment period for the Employee Stock Purchasing Plan (ESPP) starts December 1. From then to December 15, any U.S. Xpress or Total Transportation employee who's been with the company for at least 12 months can purchase U.S. Xpress stock at a 15% discount.

This discount is both higher than many of our competitor trucking companies and the highest allowable by the Securities and Exchange Commission (SEC). 

Here’s How it Works:

Each year, there will be two enrollment periods (December 1-15 and June 1-15) during which you can sign up for the ESPP and determine what percentage of your compensation you want to allocate to purchasing U.S. Xpress stock.

After that, there are six-month “funding periods” during which time your pre-determined allocation will be withheld from your paycheck. At the end of each funding period, the Company will use funds that have been deducted from your paycheck to purchase shares at a 15% discount off the stock price on either the first day of the funding period or on the last day of the funding period, whichever is lower.

So, for example, if you enroll in December 2019 and the stock is trading at $5 per share on the first day of the funding period (January 1, 2020) and trading at $10 per share on the last day of the funding period (June 30, 2020), the money that’s been withheld during that six-month period would be used to buy stock at 15% off the lower of the two prices, or $4.25 ($5/share less 15% discount). Although you will need to hold the shares for one year prior to selling or transferring them, it is hard to beat a 15% discount on the lower of two prices.

Have You Signed Up Previously for the ESPP?

If you plan to keep the same contribution you set during your previous enrollment, you do not need to do anything.

However, if you would like to increase, decrease or suspend your contribution, you do need to log into your account by clicking here (no activation code needed) and changing or suspending the percentage you initially allocated toward purchasing U.S. Xpress stock.

New to the ESPP? Follow these Three Simple Steps to Sign Up:

1.    Decide what percentage of your compensation you’d like to allocate for purchasing stock at a 15% discount. You may contribute anywhere from 1% of your compensation to 15% of your compensation, but not more than $25,000 over the course of a year ($12,500 for each 6-month period. IRS rules).

2.    Be on the lookout for an email and/or snail mail that will include a 12-digit account activation code that’s been generated just for you. You’ll use that code to activate an online account that will allow you to enroll in the ESPP.

3.    Activate your online account by clicking here to access the ESPP website called Shareworks.

·         The first time you visit Shareworks, you’ll want to click “Open Account” in the top right-hand corner of the web page and use your 12-digit activation code to get started.

·         Follow the prompts to activate your account, determine a password and enroll in the ESPP. Make sure to take this step during one of the two annual enrollment periods: December 1-15 or June 1-15.

·         If for some reason you don’t receive your activation code via mail or email, just give Shareworks a call at 1.877.380.7793 and they’ll give you your activation code.

Visit www.USXpressway.com for a handy graphic that explains the process.

Have More Questions?

See below or contact the HR Service Center at hrservices@usxpress.com or 1-844-USXPRESS (Option #7)

ESPP Q&A

 

Who can participate in the ESPP?

Everyone who works for U.S. Xpress, Inc. or Total Transportation and has been employed at least 12 months before the funding periods begin is eligible to participate.

How do I participate in the ESPP?

Have you previously participated in the ESPP? If you plan to keep the same contribution you set during your previous enrollment, you do not need to do anything.However, if you would like to increase, decrease or suspend your contribution, you do need to log into your account by clicking here (no activation code needed) and changing or suspending the percentage you initially allocated toward purchasing U.S. Xpress stock.

New to the ESPP? You can sign up in three simple steps:

  1. Decide what percentage of your compensation you’d like to allocate for purchasing stock at a 15% discount. You may contribute anywhere from 2% of your salary to 15% of your salary but not more than $25,000 over the course of a year ($12,500 for each 6-month period. IRS rules).
  2. Be on the lookout for an email and/or snail mail that will include a 12-digit account activation code that’s been generated just for you. You’ll use that code to activate an online account that will allow you to enroll in the ESPP.
  3. Activate your online account to access the ESPP website called Shareworks by visiting usxpress.solium.com.
    • The first time you visit Shareworks, you’ll want to click “Open Account” in the top right-hand corner of the web page and use your 12-digit activation code to get started.
    • Follow the prompts to activate your account, determine a password and enroll in the ESPP. Make sure to take this step during one of the two annual enrollment periods: December 1-15 or June 1-15.
    • If, for some reason, you don’t receive your activation code via mail or email, just give Shareworks a call at 1.877.380.7793 and they’ll give you your activation code.

That’s it. At the end of the funding period, you’ll be the proud owner of U.S. Xpress stock.

How often do I need to enroll in the ESPP?
If you wish to continue participating with no changes to your contribution, you don’t need to do anything when the enrollment periods roll around.

If you would like to increase, decrease or suspend your contribution, you will need to update your account information during the enrollment periods.

Once you’re enroll in the ESPP, your designated payroll deduction will continue until you decide to stop participating or change your allocation. You can do that by accessing your online Shareworks account.

What is the “funding period”?
The funding period is a six-month period, beginning either July 1 or January 1 each year. During that time, the percentage of your compensation designated by you is deducted from your paycheck to purchase stock.

When the funding period is over, our ESPP administrators will look at the stock’s fair market value at both the beginning and the end of the funding period. The price you pay will be the lower of the two, and your 15% discount comes on top of that.

You do need to be participating at the beginning of the funding period to purchase shares at the end of the funding period.

What is the “enrollment period”?
Enrollment periods are the two times per year when you can enroll in the plan or make changes to your contributions: December 1-15 (for funding period January 1-June 30) and June 1-15 (for funding period July 1-December 31).

Are Owner/Operators or Lease/Purchase drivers eligible to participate?
If you’re an Independent Contractor (Owner/Operator, Lease/Purchase), you’re running your own business. The Employee Stock Purchase Plan is only for employees of U.S. Xpress or Total Transportation.

May I withdraw from the plan after I’ve signed up?
Of course. Here are the details:

As long as there are more than 20 business days left in the funding period you’re in, you can withdraw from the Plan before the purchase date by selecting “Suspend Contributions” in the online Shareworks account you established when you enrolled.

You’ll get back all of the amounts previously withheld from your paycheck that have not yet been used to purchase shares. 

Keep in mind that, once you withdraw, you will have to wait until the next enrollment period to sign up again. And, if you’ve withdrawn, you’ll need to re-enroll in the ESPP during the next open enrollment period if you wish to participate in a subsequent funding period.

May I change the amount of money I’m contributing to the plan?
Sure. You have a couple of options:

1.    You can wait until the next two-week enrollment period (every December 1-15 and June 1-15) and change your allocations for the following six-month funding period.

Or

2.    During your current funding period, you can decrease the amount deducted from your payroll by logging into your Shareworks account at https://usxpress.solium.com and clicking “Change Contributions”. Please allow 10 business days (an entire payroll period) to process any decrease in payroll deductions. Note that you’ll have to wait until the next enrollment period to increase your deductions.

 

If you already have U.S. Xpress stock through the ESPP when you leave, that stock is yours and you take it with you. The only requirement is that you not sell the stock until at least a year after its purchase date.

If you leave the company during a funding period (in other words, while you’re saving money through payroll deduction that hasn’t yet been used to purchase your stock), you’ll be reimbursed all of the funds that were withheld as soon as reasonably possible.

Of course, since this is an Employee Stock Purchase Plan, you will no longer be eligible to participate if you leave.

How are shares distributed to me?
The online Shareworks account you set up when you enroll will be where your shares will be kept for at least a year.

May I sell the shares I acquired through the ESPP?
Of course! The shares are yours to do with as you please. The only requirement is that you hold onto the shares for at least 12 months and, if applicable to you in your role at the company, comply with the Company’s Insider Trading Policy. Keep in mind that, as with any investment, there may be tax consequences depending on the buy/sell price and the length of time you hold your shares. Speak with a tax or financial advisor if you want more details about IRS implications of this or other investment decisions.

How do I sell shares?
Shares may be sold through a brokerage account or through your Shareworks account. As with most stock transactions, you will incur commissions in most instances.

What are the tax consequences of participating in the ESPP?
There will be no tax consequences to most participants in the ESPP either at the start of the funding period or when the shares are purchased at the end of the funding period.

Taxes will typically result from a sale of stock at a higher price than the price paid. Because of this, you’re unlikely to encounter any tax consequences unless you choose to sell your stock in the future.

Since many factors will influence the tax treatment of your gains or losses under the ESPP, your best bet is to review participation in the ESPP with your tax adviser or financial planner.

What are the tax consequences of selling my shares?
The tax consequences of selling shares acquired under the ESPP will depend on a number of factors, the most important of which are the holding period and the market price.

In general, you’ll likely pay taxes on the difference between your purchase price and selling price, if you sell the stock at a higher price than you bought it.

Since many factors will influence the tax treatment of your gains or losses under the ESPP, your best bet is to review participation in the ESPP with your tax adviser or financial planner.

Whom do I contact if I have more questions about the ESPP?
Just contact the HR Service Center at hrservices@usxpress.com or 1-844-USXPRESS (Option #7).

Whom do I contact if I have questions about the Shareworks site?
You can give Shareworks a call at either of these numbers. Note the Shareworks site is owned and administered by a company called Solium/Morgan Stanley. So when you hear the name “Solium” or “Morgan Stanley” upon calling the number, you’re in the right place. 

1.877.380.7793 (US)
1.403.515.3956 (International)

Tags:

USX

Enter to Win in our Black Friday Contest!

by Ashley Rhodes 29. November 2019 10:26

Truck drivers make the magic and madness of the holidays happen. To show you our appreciation for all that you do on this Black Friday, we're giving away three $50 paycheck bonuses!

To enter to win, head over to our Facebook page @USXpressDrivers, find the pinned post at the top of the page, and simply click "Like" on the post. For a #bonus entry, post a selfie in the comment section of the post.

All entries must be submitted by no later than 4pm EST today. Winners will be announced on Monday, December 2nd!  

Good luck and thank you for driving with us!

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Happy Thanksgiving to All of You!

by Ashley Rhodes 28. November 2019 14:53

Without you, the holiday season wouldn’t be the same. From Black Friday shopping to family dinners, you make both the magic and madness happen. 

Happy Thanksgiving from our family to yours. We are so thankful for you!

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