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Tag: knight
Overdrive Extra
Faces of the Road: 45 years a team, with two independents
“Moss doesn’t grow on a rolling stone.” Longtime specialized independent team owner-ops Kay and Ken Wagner don’t exactly divulge the secrets to remaining married while running as a team for forty five years, yet their history speaks for itself in this latest “Faces of the Road” installment.
October 15, 2019
Business
New fleet conglomerate Knight-Swift sees slim earnings in third quarter due to merger costs
Dave Jackson, president and CEO of the new company, said the decline was due to $12.3 million in expenditures related to “legal and professional fees related to the merger with Swift.” In sum, the company reported more than half a billion in revenue in the third quarter.
November 9, 2017
Business
Knight, Swift merger to close any day after stockholders approve deal
Shareholders for Knight Transportation and Swift Transportation, two of the country’s largest trucking fleets on course for a merger this year, have approved the deal made between the two companies. The merger is expected to close Sept. 8.
September 8, 2017
Business
Major carriers’ revenue, income continue to slip in 2017
The stats are also in line with owner-operator income for the first half of the year. Like owner-operators, publicly traded large fleets reported higher fuel costs than the same period the year prior, despite cheaper diesel prices.
August 23, 2017
Business
Knight-Swift merger cleared by FTC
The FTC has granted approval to the merger of two of the country’s largest truckload carriers, Knight Transportation and Swift Transportation. The merger, which will create a truckload giant made up of about 30,000 power units, was announced last month, with the deal expected to close sometime this summer.
May 3, 2017
Business
Analyst: Swift-Knight merger will have little effect on driver force, operations
The merger of two of the continent’s largest and most prominent trucking companies, Swift Transportation and Knight Transportation, won’t impact the jobs of the nearly 30,000 combined drivers employed by the two companies, a transportation financial analyst told Overdrive last week.
April 19, 2017
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