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Knight-Swift Transportation has completed its previously announced acquisition of the Chattanooga-based U.S. Xpress Enterprises, which company officials said this week should lead to improved profits for the combined company in the future.
Shareholders of U.S. Xpress last week approved the carrier's acquisition by Knight-Swift Transportation. Also: Teamsters ratify new five-year contract with ABF Freight, averting a strike; Colorado fuel haulers get temporary HOS waiver.
Move boosts strategy to expand nationwide LTL network even as Knight-Swift warns investors that freight recession will hurt its Q2 earnings.
Knight-Swift provided a second-quarter earnings warning on Wednesday while also confirming the closing of the U.S. Xpress acquisition. The post Knight-Swift lowers Q2 expectations, closes on U.S. Xpress deal appeared first on FreightWaves.
With artistic flourish, painter Eric Eddy put the finishing touches to a large mural that now graces a large wall facing the Washington Street parking lot in downtown Camden. The mural has been a long time in the making since the idea was first...