• DATVF.VWU
    1.714
    0.122
    7.7%
  • DATVF.PHLCHI
    0.960
    0.036
    3.9%
  • DATVF.VNU
    1.542
    0.074
    5%
  • DATVF.LAXDAL
    1.648
    -0.009
    -0.5%
  • DATVF.VEU
    1.637
    0.100
    6.5%
  • DATVF.SEALAX
    1.274
    0.127
    11.1%
  • DATVF.CHIATL
    2.076
    0.072
    3.6%
  • DATVF.ATLPHL
    1.875
    0.192
    11.4%
  • DATVF.DALLAX
    0.901
    0.008
    0.9%
  • DATVF.LAXSEA
    2.155
    0.118
    5.8%
  • DATVF.VSU
    1.275
    0.000
    0%
  • ITVI.USA
    7,407.780
    -277.470
    -3.6%
  • OTRI.USA
    7.380
    -0.340
    -4.4%
  • OTVI.USA
    7,394.280
    -271.790
    -3.5%
  • TLT.USA
    2.710
    -0.250
    -8.4%
  • WAIT.USA
    158.000
    8.000
    5.3%
  • DATVF.VWU
    1.714
    0.122
    7.7%
  • DATVF.PHLCHI
    0.960
    0.036
    3.9%
  • DATVF.VNU
    1.542
    0.074
    5%
  • DATVF.LAXDAL
    1.648
    -0.009
    -0.5%
  • DATVF.VEU
    1.637
    0.100
    6.5%
  • DATVF.SEALAX
    1.274
    0.127
    11.1%
  • DATVF.CHIATL
    2.076
    0.072
    3.6%
  • DATVF.ATLPHL
    1.875
    0.192
    11.4%
  • DATVF.DALLAX
    0.901
    0.008
    0.9%
  • DATVF.LAXSEA
    2.155
    0.118
    5.8%
  • DATVF.VSU
    1.275
    0.000
    0%
  • ITVI.USA
    7,407.780
    -277.470
    -3.6%
  • OTRI.USA
    7.380
    -0.340
    -4.4%
  • OTVI.USA
    7,394.280
    -271.790
    -3.5%
  • TLT.USA
    2.710
    -0.250
    -8.4%
  • WAIT.USA
    158.000
    8.000
    5.3%
EconomicsNews

Knight, Swift to merge, create largest truckload carrier in U.S.

 Under terms of the announced merger, both Swift Transportation and Knight Transportation will continue to operate as separate brands.
Under terms of the announced merger, both Swift Transportation and Knight Transportation will continue to operate as separate brands.

In a stock swap valued at $6 billion, truckload operators Knight Transportation and Swift Transportation have agreed to a merger. The new company, Knight-Swift Transportation Holdings, will have approximately 23,000 tractors, 77,000 trailers, 28,000 employees and control approximately 5% of the nation’s truckload market.

Swift is the No. 2 truckload carrier in the Transport Topics Top 100 in terms of revenue with $4.2 billion in 2016. Swift shareholders will receive 0.72 shares of Knight-Swift stock through a reverse stock split while Knight shareholders will receive one share of the combined company based on Knight’s $30.65 closing price on April 7, 2017.


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Brian Straight

Brian Straight covers general transportation news and leads the editorial team as Managing Editor. A journalism graduate of the University of Rhode Island, he has covered everything from a presidential election, to professional sports and Little League baseball, and for more than 10 years has covered trucking and logistics. Before joining FreightWaves, he was previously responsible for the editorial quality and production of Fleet Owner magazine and fleetowner.com. Brian lives in Connecticut with his wife and two kids and spends his time coaching his son’s baseball team, golfing with his daughter, and pursuing his never-ending quest to become a professional bowler.
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