Knight Acquires Abilene Motor Express
Phoenix-based Knight-Swift Transportation Holdings will acquire privately-held Abilene Motor Express for an undisclosed purchase price.
Knight-Swift Profits Fall Sharply on Merger-Related Costs
The first quarterly report from Knight-Swift Transportation Holdings reported $3.9 million in earnings or 4 cents per share, including Swift’s contribution from after Sept. 8, 2017, although the results included a series of large multi-million dollar charges related to the merger.
Truckload Profits Fall at TFI, Knight, Patriot Transportation; Rise at Forward Air
Truckload carriers continued to struggle as three out of four companies reported lower quarterly earnings versus 2016 levels as the industry struggles with excess capacity and lower prices.
Shippers Express Support for Knight-Swift Merger
Representatives of freight shipping firms are joining trucking analysts in their enthusiasm over the merger between Knight Transportation Inc. and Swift Transportation Co. and generally supporting the prospect of big truckload carriers getting bigger.