 
     |
| Keep on trucking - Knight-Swift to buy US Xpress (Page 1/1) |
|
williegoat
|
MAR 22, 01:34 PM
|
|
Kevin Knight is a wise, and wealthy man.
Trucking Giant Knight-Swift Transportation to Buy U.S. Xpress
| quote | Phoenix-based Knight-Swift said Tuesday it would pay $6.15 a share in cash for U.S. Xpress, more than four times Monday’s closing price of $1.50 for the Chattanooga, Tenn.-based carrier and 13% above the stock’s 52-week high of $5.44 reached last April.
Knight-Swift said the deal will add about $2.2 billion in total operating revenue, including $1.8 billion in truckload revenue, bringing its annual revenue run-rate to nearly $10 billion. Knight-Swift, which has bulked up through a series of acquisitions in recent years, is the largest operator in trucking’s truckload sector, in which trucks carry full loads for single customers for deliveries such as transports to distribution centers, according to SJ Consulting Group. |
|
Knight-Swift acquiring U.S. Xpress for more than $800 million
| quote | | U.S. Xpress operates 14 terminals and 30 drop yards nationally, with approximately 7,200 tractors and 14,400 trailers, about 7,900 drivers and 2,500 non-driving employees. The combined entity's truckload fleet will have roughly 25,000 tractors and 93,000 trailers, but U.S. Xpress will continue to operate as an independent brand and maintain its presence in Chattanooga. |
|
------------------
"Don't shoot me, Joe!"
|
|
|
|
shemdogg
|
MAR 22, 05:17 PM
|
|
|
|
|
RWDPLZ
|
MAR 22, 09:01 PM
|
|
Yeah Werner and Swift, give those trucks a WIDE berth.
|
|
|
|
IMSA GT
|
MAR 22, 10:24 PM
|
|
|
I wonder if they're going to "dumb down" U.S Express to their pathetic level of driving.
|
|
|
|
