And I think the pivot is a couple of reasons,” president and CEO Eric Fuller said during Thursday’s call. That strategy we started in 2018 and ran until very recently, where we decided to pivot. It was a single strategy, so I wouldn’t say we’ve changed four times. “I would say we really had a strategy since late 2018. On a call with management Thursday, analysts pressed the company on the different strategies it’s implemented in recent years, ranging from cutting costs to growth and the digital fleet.
The Chattanooga, Tenn.-based trucking company, which had a recent market cap of $136.4 million, said this week it will trim its staff to the tune of about $20 million in annualized savings, effective in the fourth quarter, give back underused real estate in some markets, and focus less on its struggling digital fleet called Variant. to pare back the focus on its digital fleet as it retools its business strategy with the aim of cutting costs and boosting profitability.
