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In 2017, Knight Transportation merged with Swift Transportation [4] and Knight-Swift Transportation Holdings Inc. was formed to serve as the parent company for both carriers. In 2019, Knight-Swift settled a $100 million class-action lawsuit alleging the company failed to classify 20,000 owner-operator drivers as employees.
The acquisition of LTL carrier AAA Cooper by Knight-Swift (NYSE: KNX) is radical in that it joins an LTL carrier with a truckload carrier, one of the biggest. The two businesses are very different.
Swift Transportation is a Phoenix, Arizona-based American truckload motor shipping carrier, part of Knight-Swift. With over 23,000 trucks, it is the largest common carrier in the United States. [ 2 ] In 2017, Swift merged with Knight Transportation , also of Phoenix.
The growth of digital freight matching is exploding, and logistics providers are jumping on board. The latest is Knight-Swift Transportation (NYSE: KNX). The logistics giant has reached a deal ...
According to Knight-Swift, a major driver for the purchase was increased demand for LTL freight in the ecommerce and retail verticals in the late 2010s and early 2020s. [1] Knight-Swift is the parent of truckload carriers Knight Transportation and Swift Transportation as well as several other subsidiaries in the truckload and intermodal markets.
Two weeks after receiving long-term financing, Celadon Group (OTCPink: CGIP) named Richard Stocking, the former chief executive officer of Swift Transportation, as the head of its trucking unit.
By the turn of the century, Swift was a billion dollar company. [10] In 2017, Swift and Knight Transportation merged to become known as Knight-Swift. Knight-Swift Transportation is the seventh largest trucking company in the world with $7.5 billion in annual revenue providing hauling and logistics services in the U.S., Canada, and Mexico. [11] [12]
Federal regulators have granted Knight-Swift Transportation (NYSE: KNX) a conditional exemption allowing the truckload giant to avoid what it has asserted are costly redundant medical record ...