Knight just bought Abilene Motor Express, the company I drive for. And I have one question...
Discussion in 'Truckers News' started by ExtremeUnction, Mar 16, 2018.
Page 1 of 8
-
Socal Xpress, Highway_Executive, Toomanybikes and 4 others Thank this.
-
Trucking Jobs in 30 seconds
Every month 400 people find a job with the help of TruckersReport.
-
Lol Sword fights at 5oclock!
mjd4277, Gunner75, MACK E-6 and 1 other person Thank this. -
Last edited: Mar 16, 2018
-
-
While yucking it up at the iron skillet. LolGrubby and Aamcotrans Thank this. -
No more 72 mph Abilene trucks. Hair follicle drug test is next.
austinmike, buddyd157, runningman0661 and 2 others Thank this. -
I wonder what @JohnBoy is thinking.
-
Bye APU’s...
-
I’m thinking how happy I am that I’ve contributed every year for the last 39 years into a retirement account I started back in 1979.
zenaddler, whoopNride, Highway_Executive and 8 others Thank this. -
Knight-Swift buys Abilene Motor Express, adding ~$100M in annual revenue
Mar. 16, 2018 6:05 PM ET|About: Knight-Swift Transportation... (KNX)|By: Carl Surran, SA News Editor
Knight-Swift Transportation (NYSE:KNX) says it has agreed to acquire Virginia-based Abilene Motor Express for an undisclosed sum, its first deal since the completion of Knight's merger with Swift last September.
Abilene brings KNX a business that includes 400 trucks, an estimated $100M in annual revenue and an operating ratio "in the low 90s," according to an SEC filing.
Analysts at KeyBanc say the buy should add an estimated $0.02-$0.03/share to KNX earnings and signals that the company potentially is in the market “for additional tuck-in acquisitions."
Trucking Jobs in 30 seconds
Every month 400 people find a job with the help of TruckersReport.
Page 1 of 8