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Knight-Swift acquires AAA Cooper, enters LTL market
| 题名： | Knight-Swift acquires AAA Cooper, enters LTL market |
| 正文语种： | eng |
| 作者： | Jeff Berman |
| 摘要： | PHOENIX-BASED NATIONAL TRUCKLOAD CARRIER Knight-Swift Transportation announced that it has thrown its hat into the less-than-truck-load (LTL) arena, acquiring Dothan, Ala.-based LTL carrier AAA Cooper Transportation and its affiliated entity AAA Cooper for $1.35 billion.Established in 1950, AAA Cooper's operations are comprised of LTL, dedicated, and other services. It has roughly 70 service centers, with a terminal door count of more than 3,400. As for assets, the company has approximately 3,000 tractors and 7,000 trailers. And on the personnel front, it has roughly 4,800 non-unionized employees.AAA Cooper's full-year, 2021 forecast is pegged at revenue of $740 million, EBITDA at $140 million, and $80 million in operating income."In seeking our first LTL partner, we had three main requirements," said Knight-Swift CEO Dave Jackson. "The scale for entry with significant market share; the profitability and management depth to operate independently, and provide a platform for compelling growth opportunities; and a world class culture. We were excited to have identified AAA Cooper as a partner that meets all three requirements, and I couldn't be happier to finally find the right time for both of us to create a partnership." |
| 出版年： | 2021 |
| 期刊名称： | Logistics Management |
| 卷： | 60 |
| 期： | 8 |
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