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.

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Swift, Knight enter merger agreement

In 2016, Swift reported just over $4 billion in revenue, and Knight reported $1.1 billion in revenue. The merger is expected to close in the third quarter of this year, subject to regulatory approvals and closing conditions.

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Mack, Volvo to merge, keep brands separate

Mack Trucks and Volvo Trucks North America will merge Nov. 1 into a single organization called North American Trucks.

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