KNIGHT / SWIFT JUST BROUGHT U.S. XPRESS

Discussion in 'Other News' started by Wave000, Mar 21, 2023.

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  1. Wave000

    Wave000 Light Load Member

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    Just got the email.
     
    Wave000, Mar 21, 2023
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  2. Opus

    Opus Road Train Member

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    No more BS
     
    Opus, Mar 21, 2023
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  3. bryan21384

    bryan21384 Road Train Member

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    Pretty big bombshell there. 800 million dollar purchase there. Knight-Swift gets even larger. Wow.
     
    bryan21384, Mar 21, 2023
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  4. drvrtech77

    drvrtech77 Road Train Member

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    At some point, I would think somebody will start looking at antitrust concerns because they seem to be buying Everybody under the sun up here lately.
     
    drvrtech77, Mar 21, 2023
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  5. bryan21384

    bryan21384 Road Train Member

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    Well.....there was a report that US Xpress has some debt so maybe that factored into their decision to sell. I'll never know. It ain't just Swift though. Heartland Express is buying a lot of companies too. It's been so many transactions since 2020 its crazy.
     
    bryan21384, Mar 21, 2023
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    Flat Earth Trucker, bzinger and drvrtech77 Thank this.
  6. drvrtech77

    drvrtech77 Road Train Member

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    Theyre saying with knight Swift that they will have nearly 26,000 tractors and nearly 90,000 trailers…
     
    drvrtech77, Mar 21, 2023
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    Flat Earth Trucker Thanks this.
  7. bryan21384

    bryan21384 Road Train Member

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    Goodness man.....that's a lot of firepower there....
     
    bryan21384, Mar 21, 2023
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    Flat Earth Trucker Thanks this.
  8. mjd4277

    mjd4277 Road Train Member

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    Swift ALREADY had about 25,000 tractors long before they bought US Xpress.
    To those drivers I’d say “beware”-we’ve seen how large mergers like this go before. And drivers are usually the first ones to get the shaft!!
     
    mjd4277, Mar 21, 2023
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  9. cdavis188

    cdavis188 Road Train Member

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    This seems like some corporations are trying to monopolize the industry
     
    cdavis188, Mar 21, 2023
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  10. Long FLD

    Long FLD Road Train Member

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    How can it be a monopoly when it’s still a small percentage of the total trucks on the road? Even at 30k total trucks what is that? Maybe 2-3% of the total trucks?
     
    Long FLD, Mar 21, 2023
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