Knight-Swift Purchases US Xpress

Https://www.freightwaves.com/news/all-signs-point-to-closing-of-knight-swift-acquisition-of-us-xpress

Knight-Swift is taking over the industry... Wonder who's next?

The sale isn't complete yet. I just hauled a usx trailer after making sure I had authorization in writing. It went out the window though and they reversed the decision. I had to go drop the usx trailer at a swift yard after I unloaded as the consignee was a school building that can't take trailers. I asked my TM why the reversed course, she replied that it's not finalized yet.

I understood it was based on the article. The opening line is

The Knight-Swift acquisition of truckload carrier U.S. Xpress has closed

The writer of the article gave their opinion of the deal as final. They basically tell us they are speculating based on SEC filings from U.S. Express. KNX (Knight/Swift) have not filed necessary filings with the SEC yet. That will happen soon if everything goes as it should.

As in most dramatic productions... "It ain't over until the fat lady sings."

I'll trust the knight drivers over a freightwaves writer anyday. Thanks for the correction.

Ironically the deal finalized today. Usx has some nice trailers. We'll see if I can grab one of their empties.

Hard to beat the midnight express trailers though. They were cared for nicely and many are air ride. Rare to find in the wild though.

Especially with freight still somewhat slow, I've been wondering if we'll have access to their loads. I doubt it though based on our other acquisitions, although I've seen one dedicated load from abilene express but it was kind of a weird setup.

Knight-Swift is taking over the industry... Wonder who's next?

I'd look for them to purchase a couple of LTL companies. When they bought AAA Cooper they wanted to establish a decent foot print in the LTL market. The opportunity to purchase U.S. Express kind of sidelined their current strategy. It was a deal they didn't want to miss, so they acted on it.

I assume they are still looking into some LTL strategic moves. That would enable them to jump right in with terminals in places where needed to have a nice footprint in the LTL commodities markets.

Some may think it strange to be getting into LTL during a slump in LTL business, but that's how opportunity is captured sometimes. Short sighted investors often miss the things that patient capitalism sees as powerful long term strategies.

Yellow Freight next....?

OMG! I hope not.

From what I’ve seen the past few days yellow will probably be available!!

Now matter what happens with them it will be a biggie in the LTL world. They hold 9% of that market acvording to reports.