Swift Jumps Into LTL

Topic 30452 | Page 1

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Banks's Comment
member avatar

Swift purchased AAA Cooper for 1.35 Billion.

"The deal adds nearly 3,000 tractors and 7,000 trailers to Knight-Swift’s fleet, and is expected to add $780 million in 2021 revenue."

Article here.
Bird-One's Comment
member avatar

Yeah I actually posted this also yesterday. Interesting times in the ltl world.

LTL:

Less Than Truckload

Refers to carriers that make a lot of smaller pickups and deliveries for multiple customers as opposed to hauling one big load of freight for one customer. This type of hauling is normally done by companies with terminals scattered throughout the country where freight is sorted before being moved on to its destination.

LTL carriers include:

  • FedEx Freight
  • Con-way
  • YRC Freight
  • UPS
  • Old Dominion
  • Estes
  • Yellow-Roadway
  • ABF Freight
  • R+L Carrier
Anne A. (and sometimes To's Comment
member avatar

Swift purchased AAA Cooper for 1.35 Billion.

"The deal adds nearly 3,000 tractors and 7,000 trailers to Knight-Swift’s fleet, and is expected to add $780 million in 2021 revenue."

Article here.

Very interesting, Banks! TYSM!!!! (Hey, DaveW. You're slipping, hahaha! J/K...)

For those 'non' WSJ members of TT, here's another link :

LTL arena/AAA CT acquisition

News to me~!!!!

~ Anne ~

LTL:

Less Than Truckload

Refers to carriers that make a lot of smaller pickups and deliveries for multiple customers as opposed to hauling one big load of freight for one customer. This type of hauling is normally done by companies with terminals scattered throughout the country where freight is sorted before being moved on to its destination.

LTL carriers include:

  • FedEx Freight
  • Con-way
  • YRC Freight
  • UPS
  • Old Dominion
  • Estes
  • Yellow-Roadway
  • ABF Freight
  • R+L Carrier

HOS:

Hours Of Service

HOS refers to the logbook hours of service regulations.
Auggie69's Comment
member avatar

Swift purchased AAA Cooper for 1.35 Billion.

"The deal adds nearly 3,000 tractors and 7,000 trailers to Knight-Swift’s fleet, and is expected to add $780 million in 2021 revenue."

Article here.

There ya go! Go work for Swift! ;)
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