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Knight-Swift's AAA Cooper acquisition 'transformational'


The addition of AAA Cooper to Knight-Swift’s portfolio will make LTL the company’s second-largest segment.
The trucking industry saw a handful of mergers and buyouts in the first six months of the year. 
Among the more notable moves was when 
CCJ Top 250 No. 1 carrier UPS announced in January the sale of its UPS Freight business to TFI International (No. 8) for $800 million. In May, CSX Corp. acquired Quality Carriers from Quality Distribution (No. 34), and Hirschbach Motor Lines (No. 64) acquired Eagan, Minnesota-based Lessors, Inc., a nearly 300-truck reefer fleet last month. 
CCJ Symposium: Time to Transform
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Carrier failures mounted in '20, but so did new entrant carriers


Feb 16, 2021
Lack of load availability last spring and the cheap rates on the loads that were available were the prime contributing factor in the spike in carrier failures last year, said Donald Broughton, principal and managing partner of Broughton Capital.
Of little surprise, the number of failures by trucking companies in 2020 jumped compared to years prior as the economic effects of the COVID-19 pandemic and associated shutdown orders converged on fleets’ operations and per-mile spot market rates plunged, according to transportation-focused economic analysis firm Broughton Capital, which tracks annual motor carrier failures using debt and default data. 
“What happened is simple in late March and early April, we had rates plunge to levels below what the variable costs to operate a trucking company are,” said Donald Broughton, principal and managing partner of Broughton Capital. “Rates fell below the cash costs of operation across all modes. Secondly, ....

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