A decade after its owners took the company private, U.S. Xpress Enterprises, Inc. returned to Wall Street June 14 to raise more than $250 million of equity and again become a publicly traded company.

U.S. Xpress Enterprises has launched an initial public offering of 18,056,000 shares of its Class A common stock, the Chattanooga, Tenn.-based company announced June 4.

Truckload carrier U.S. Xpress announced May 8 it intends to pursue an initial public offering of its Class A common stock, and the Chattanooga, Tenn.-based company has submitted its paperwork to the U.S. Securities and Exchange Commission.

U.S. Xpress reached a deal to spend more than $200 million to buy 1,400 International LT semi-tractor sleeper trucks and 265 day cabs from Navistar International Corp.

Truckload carrier U.S. Xpress Enterprises said it is laying off 100 employees — all nondrivers — at two southeastern locations, citing a change in “company focus.”