Knight-Swift’s acquisition of U.S. Xpress is made official
July 5, 2023
Following its March announcement in which Phoenix-based Knight-Swift Transportation, the largest player in the truckload market, with $4.5 billion in 2022 revenue, said it was acquiring Chattanooga, Tenn.-based U.S. Xpress, which ranked ninth in TL revenue last year at $2.2 billion, Knight-Swift said today that the transaction is now a done deal.
Top 50 Trucking Companies 2023: Is this normal?
April 3, 2023
As the $830 billion trucking industry prepares for what could be the first full “normal” year since the pandemic caused tidal waves in supply/demand cycles, the “best of the best” are concentrating on strategy, operations and execution. Our trucking correspondent examines what’s ahead for trucking in 2023.
Biggest gets bigger: Knight-Swift buying USX for $808 million in huge TL deal
March 21, 2023
Phoenix-based Knight-Swift Transportation, already the biggest player in the TL market at $4.5 billion revenue last year, is buying Chattanooga, Tenn.-based U.S. Xpress, which ranked ninth in TL revenue last year at $2.2 billion. The deal is valued at $808 million, including assumption of $484 million of debt.
Knight-Swift further expands LTL presence, with acquisition of MME
December 7, 2021
Taking steps to further expand its United States less-than-truckload (LTL) operations, Phoenix-based national truckload carrier Knight-Swift announced yesterday it has acquired 100% of RAC MME Holdings LLC, which is better known in trucking circles as MME (with the brand names Midwest Motor Express Inc. and also Midnite Express Inc.).
Knight-Swift acquires AAA Cooper, enters LTL market
July 6, 2021
Phoenix-based national truckload carrier Knight-Swift Transportation announced it has thrown its hat into the less-than-truckload (LTL) arena, acquiring Dothan, Alabama-based LTL carrier AAA Cooper Transportation and its affiliated entity AAA Cooper for $1.35 billion.
DAT and Knight-Swift team up for Q1 rate forecasting pilot program
January 8, 2020
This pilot program leverages DAT’s RateView, which DAT said is the largest and most historically complete database on freight transactions in the trucking sector and provides what it called actionable short-term and long-term insights into transportation markets. RateView provides forecasts of more than $68 billion in annual freight transactions, according to DAT.
Knight-Swift to add 400 trucks, drivers with Abilene tuck-in acquisition
March 17, 2018
The biggest truckload carrier in the United States is growing by 400 trucks with a tuck-in acquisition that it says will immediately add $100 million in revenue and, just as importantly, 400 drivers to its fleet operations. Phoenix-based Knight-Swift Transportation says it is buying Richmond, Va.-based Abilene Motor Express for an undisclosed amount.
