Knight-Swift to Acquire U.S. Xpress
Breaking News from Heavy Duty Trucking
One of the largest asset-based truckload fleets in North America, Knight-Swift Transportation, announced plans to acquire U.S. Xpress for approximately $808 million. The acquisition is expected to be complete late in the second quarter or early third quarter of 2023.
Knight-Swift’s acqusition of U.S. Xpress is expected to add:
- approximately $2.2 billion in total operating revenue (including $1.8 billion in truckload revenue)
- 7,200 tractors
- 14,400 trailers
“The opportunity to add one of the largest and most well-known brands in our industry, with significant opportunity to improve earnings, gain customers and reach more professional drivers, was very compelling to us,” Knight-Swift CEO Dave Jackson said in a press release.
Content Disclaimer: Due to the constantly changing nature of government regulations, it is impossible to guarantee the total and absolute accuracy of the material contained herein or presented. NorthAmerican Transportation Association (NTA) cannot and does not assume any responsibility for omissions, errors, misprinting or ambiguity contained. NTA shall not be held liable in any degree for any loss, damage or injury caused by any such omission, error, misprinting or ambiguity present. It is made available with the understanding that NTA is not engaged in rendering legal, accounting or other professional service. If legal advice or other expert service is required, the services of such a professional should be sought.
Enjoy Our Articles?
Share this with others
Our mission is two fold. First, to provide the independent trucker and small private fleets with the tools needed to survive and succeed as small business owners and Second, to help the motor carrier maintain the necessary relationship required by the IRS and still make available a wide array of services their independent contractors would not otherwise be eligible for.
Navigation
over 2,000 BBB inquires in the last 12 months
