SwiftTrans And Knight Transportation To Merge

Old School is gonna find this interesting.

Doesn't he drive for Knight now?

Rick

No, now he drives for Swift! ;^)

Two C level Swift executives are stepping down; CEO & CFO. Stock swap aside, Knight will be the dominant partner. Read the link I posted...get past the stock info and you will see the whole picture.

Isn't the CEO at Swift, new? It was my understanding that he was "cleaning house," and making some driver friendly changes.

I was about to cite the "monopoly clause," but even as big as the new venture will be, the % of freight hauled will still fall way short of what would be the factoring threshold, I think.

Maybe, (inject conspiracy theory here) the new CEO is in cahoots with Knight!

I was about to cite the "monopoly clause," but even as big as the new venture will be, the % of freight hauled will still fall way short of what would be the factoring threshold, I think.

This combined venture won't be hauling 1% of the freight in this country. There are 3 million or so trucks on the road, this new venture will have like 25,000. It's only a tiny fraction. It's an incredibly fragmented industry.

I was about to cite the "monopoly clause," but even as big as the new venture will be, the % of freight hauled will still fall way short of what would be the factoring threshold, I think.

This combined venture won't be hauling 1% of the freight in this country. There are 3 million or so trucks on the road, this new venture will have like 25,000. It's only a tiny fraction. It's an incredibly fragmented industry.

As big as it will be, and only 1% give or take? DAAAAAAYYUUUUUUMMMM!!!

That is one helluva perspective. The majority of the industry would be smaller mom n pops, then?

The majority of the industry would be smaller mom n pops, then?

Last I had read about 93% of the industry is comprised of companies with fewer than 6 trucks, and about 97% have fewer than 20 trucks. I don't believe there are any regular truckload carriers that comprise even 1% of the industry.

Knight-Swift. Lemme see. When one of them has an accident he just got Knift (Pronounce Knife-t). Hehehe. Knight-Swift - Know Nothing Idiot Gonna Have To Stop While i Investigate For (real) Truckers. Sorry, just interjecting my usual brand of levity.

Oh my goodness that is funny!! Hahaha.

Over at the knight Facebook page, I'm laughing my butt off.

As you can imagine, there has been more than a few ill comments on the facebook page from other drivers about swift, well, now we are swift, which I find hilarious in a karma sort of way lol.

It doesn't bother me in the least. I'm still hauling freight and getting paid. This may actually benefit us, as, the larger footprint and money flow may help us drivers with a few perks and maybe a bit of a raise? Don't know.

I'm with you though Rick, it is odd that knight will be the controlling partner. Last I looked, knight had about 5000 power units, and swift had somewhere between 17000 and 20000 power units.

In any case, woot! Now we're all swiftys! ....or...were all knights? I'm confused!

Question for the swift drivers, do you all have apus? If so, I'm hoping this will be one of the positive changes that will make its way into knight trucks.

APU:

Auxiliary Power Unit

On tractor trailers, and APU is a small diesel engine that powers a heat and air conditioning unit while charging the truck's main batteries at the same time. This allows the driver to remain comfortable in the cab and have access to electric power without running the main truck engine.

Having an APU helps save money in fuel costs and saves wear and tear on the main engine, though they tend to be expensive to install and maintain. Therefore only a very small percentage of the trucks on the road today come equipped with an APU.

APUs:

Auxiliary Power Unit

On tractor trailers, and APU is a small diesel engine that powers a heat and air conditioning unit while charging the truck's main batteries at the same time. This allows the driver to remain comfortable in the cab and have access to electric power without running the main truck engine.

Having an APU helps save money in fuel costs and saves wear and tear on the main engine, though they tend to be expensive to install and maintain. Therefore only a very small percentage of the trucks on the road today come equipped with an APU.

No apu's and no inverters in company trucks for the most part. I have an inverter but only because I need it to run a cpap machine.

JJ

CPAP:

Constant Positive Airway Pressure

CPAP is a breathing assist device which is worn over the mouth or nose. It provides nighttime relief for individuals who suffer from Sleep Apnea.

APU:

Auxiliary Power Unit

On tractor trailers, and APU is a small diesel engine that powers a heat and air conditioning unit while charging the truck's main batteries at the same time. This allows the driver to remain comfortable in the cab and have access to electric power without running the main truck engine.

Having an APU helps save money in fuel costs and saves wear and tear on the main engine, though they tend to be expensive to install and maintain. Therefore only a very small percentage of the trucks on the road today come equipped with an APU.

APU's:

Auxiliary Power Unit

On tractor trailers, and APU is a small diesel engine that powers a heat and air conditioning unit while charging the truck's main batteries at the same time. This allows the driver to remain comfortable in the cab and have access to electric power without running the main truck engine.

Having an APU helps save money in fuel costs and saves wear and tear on the main engine, though they tend to be expensive to install and maintain. Therefore only a very small percentage of the trucks on the road today come equipped with an APU.

I wonder when a trucking company gets so large it becomes counter productive. My last few deliveries, there were no empty trailers and I needed to speak with dispatch and each time, it was a different person. It's like the company gets so large it becomes to much for the support staff.

This merger is creating a holding company structure called Knight -Swift. The two subsidiaries; Swift and Knight will continue to operate as independent entities, same brand, with no asset sharing.

For the driver; business as usual.

I wonder when a trucking company gets so large it becomes counter productive. My last few deliveries, there were no empty trailers and I needed to speak with dispatch and each time, it was a different person. It's like the company gets so large it becomes to much for the support staff.

Which company are you talking about?

It seems logical that a larger company would have more trailers. But maybe they all have freight in them. Last year, I delivered to a Walmart DC in South Carolina. My DM said "There's no empty trailers in South Carolina!"

I had to wait overnight, and picked up the (empty) trailer I had brought into the state!