Knight/swift purchase another ltl company for $150million.

Discussion in 'Truckers News' started by drvrtech77, Dec 8, 2021.

  1. drvrtech77

    drvrtech77 Road Train Member

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    Knight-Swift Transportation (CCJ Top 250, No. 4) on Monday announced the acquisition of RAC MME Holdings and its subsidiaries, which includes Midwest Motor Express (No. 197) and Midnite Express (collectively MME), for $150 million.

    Founded more than 100 years ago, MME provides less-than-truckload, full truckload and specialized and international logistics transportation services in the upper midwestern and great northwestern regions of the U.S., and ACT Research Vice President and Senior Analyst Tim Denoyer said its regional footprint complements Phoenix, Arizona-based Knight-Swift's southeastern and midwestern LTL presence alongside its AAA Cooper Transportation (ACT) brand, which together cover more than half of the United States.

    EDCB3360-E289-4B9A-B147-5D08E05009DB.jpeg

    Knight-Swift spends $150M to grow its LTL network
     
    idriveaholden, Chinatown and clausland Thank this.
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  3. ClassicXL86

    ClassicXL86 Bobtail Member

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  4. Radman

    Radman Road Train Member

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    What’s funny is out in my neck of the woods. They run a lot of Wyoming including Casper, Billings, and Salt Lake City with Rocky Mountain doubles. Imagine if all the old hands leave and they get replaced with Swifts trucking model. They might not change the business and everyone stays put. But big companies do what they want to do. Yellow destroyed Reddaway compared to where it was before but atleast yellow was another LTL company.
     
    JonJon78 Thanks this.
  5. Ikamob01

    Ikamob01 Bobtail Member

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    That's Monopoly!
     
  6. LtlAnonymous

    LtlAnonymous Road Train Member

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    Take note. They're trying to prove that idiots can do LTL so they can pay people like idiots.

    They've been trying that with reefer work for many years now.
     
    JonJon78 Thanks this.
  7. JonJon78

    JonJon78 Road Train Member

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    Isn't UPS hiring with one year experience now? Seems almost all companies have completely lowered hiring standards to basically nothing....
     
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  8. LtlAnonymous

    LtlAnonymous Road Train Member

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    It's a brave new world.
     
    JonJon78 Thanks this.
  9. Laroah

    Laroah Bobtail Member

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    when i started truck driving school they said I’d have a hard time finding a local job that paid well right out of school. Go get a few years experience first. Didn’t even try local, went otr with a mega carrier And found a local LTL job a couple years later. Even at the low pay that company paid (by comparison to most ltl) i was still doubling my otr income. Quickly learned after i started that most drivers there were forklift operators first. Basically forklift drivers training forklift drivers to drive trucks. Seems theyd always rather hire from within before posting public openings. So there’s always a sort rift between driver trained drivers and the guys that didn’t have the best training. Bad driving habits, inconsiderate driving etc etc. But i knew the ltl companies required 2 years at the time i was looking for local. Then as long as you graduated an accredited school. Then one year. Now they’ll send you to a training terminal to get a cdl. Or you could just join as a dock worker, not hard to do even with little or no experience. Pickup and delivery guy will train you to drive around town a few weeks and you’re suddenly qualified to haul triples grossing 105k with a million different kinds of messed up hazmat.
    Anyways, yeah. Hiring standards have lowered dramatically in recent years.
     
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