摘要: |
Knight-Swift's acquisition of U.S. Xpress is a done deal. Knight-Swift, the largest player in the truckload market, said last month that the transaction to acquire Chattanooga, Tenn.-based U.S. Xpress is now official. The deal is valued at $808 million, including assumption of $484 million of debt. "We're grateful for the efforts of so many who worked diligently to bring about such a significant transaction in the truckload industry," said Knight-Swift CEO Dave Jackson. "Against the current backdrop of a particularly difficult business environment, the chance to add one of the largest brands in our industry-with significant opportunity to improve earnings, gain customers and reach more professional drivers-is a compelling part of our plan to drive higher highs and higher lows across successive truckload freight cycles," he added. |