Swift enters ltl world

Yeah,sure did.
Pretty amazing stuff.

 

Better start ordering Xmas presents early this year. It might show up by 12/24

 

Hell, they can't do any worse than most of the LTL companies are doing this year.

 

If they at least have a pallet jack on board that'll put them a few pegs higher than a lot of the LTL carriers I've had to deal with lately.

 

If they needed to borrow the money to make the deal if makes you wonder if some bank down the road is in for a world of hurt.

 

LTL is a rough neighborhood. Two established carriers are in trouble. Amazon not only pulled their business - costing several LTL carriers > 30% of their revenue - they’re now renting out their additional capacity 8 months out of the year and competing directly in the LTL marketplace.

This acquisition is an odd choice for Swift/Knight. A national carrier buying a regional LTL carrier? A national carrier that churns through trainee drivers paying them about half what they’ll make the year after they quit entering into an industry that depends on consistent, reliable drivers who chose their runs based on seniority? Echoes of UPS acquiring Overnite (How hard can it be?). I predict a fire sale in about 5 years as Knight/Swift tries to stop the burning sensation in their cash flows.

 

@Kstrong86