Swift

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.

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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.

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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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1,300 truckers could see payout in Central Refrigerated classification case

This summer, 1,300 Central Refrigerated Service truckers anticipate a damages determination by the arbitrator who concluded they had been misclassified as independent contractors by the carrier, who’s owned by Swift Transportation.

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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.

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Lawsuit encompassing up to 80,000 truckers to proceed after state Supreme Court ruling

A ruling by the Arizona Supreme Court allows the 80,000-member class to pursue allegations that the carrier shorted them wages by paying for shortest distance miles rather than actual miles driven.

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Court ruling could allow Swift owner-operators to receive back pay, more

About 5,000 of Swift’s 19,000 drivers are owner-operators, but only five owner-operators are involved in the lawsuit explicitly.

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Swift boss Jerry Moyes retiring

Swift Transportation’s Jerry Moyes, founder and CEO of the country’s largest truckload carrier, will retire at the end of 2016, the company announced this week. Moyes founded Swift with a single truck 50 years ago. Swift’s fleet now has more than 20,000 trucks.

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Another Swift trucker brings lawsuit claiming maintenance negligence by carrier caused severe injuries

A former Swift Transportation driver has filed a lawsuit against the mega-fleet seeking payment for medical expenses and lost wages she claims were caused by negligent maintenance practices by Swift.

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Swift settles with owner-op following $2.6M court order

Swift, the country’s largest truckload carrier, this week settled a 2013-brought lawsuit with one of the company’s former owner-operators, ending its bid to fight the litigation in which the fleet was recently ordered to pay $2.6 million in court.

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