Trucking News

Knight-Swift moves to buy US Xpress

Knight-Swift Transportation Holdings and U.S. Xpress Enterprises plan to merge in a deal worth approximately $808 million, including debt and equity.

Knight-Swift Transportation Holdings and U.S. Xpress Enterprises plan to merge in a deal worth approximately $808 million, including debt and equity. The deal would add one of the largest and most well-known brands in the industry and increase the revenue base by nearly 30% for Knight-Swift.

The deal also requires the approval of U.S. Xpress shareholders, who own about 58% of the company. The CEO and President of Knight-Swift, Eric Fuller, and the CEO and President of U.S. Xpress, Eric Peterson, will transition out of their roles along with other family members. The deal is expected to close in late Q2 or early Q3.

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9
Comments
Eva Johnson / Customer Support
Eva Johnson / Customer Support
04.12.2023

Knight-Swift Transportation Holdings and U.S. Xpress Enterprises have announced a major mutually beneficial transaction with a total value of as much as $ 808 million. This solution will combine their capital, as well as all existing debt obligations of the companies. Why would such a solution be needed?

Combining the two companies will help them increase revenue by 30-35% in total, as well as raise the payback of Knight-Swift and make one more recognizable brand. Adherents of both companies can form a more massive purchasing capital.

So far, the decision has not been made definitively, and a decision is expected from the American shareholders of Xpress. It is also reported that CEO Eric Fuller (Knight-Shift) and CEO Eric Peterson (U.S.Xpress) will no longer hold their positions. The confirmation of the transaction itself and the signing of all final documents are expected in the 2nd or 3rd quarter of this year.

The main points after the signing of the deal can be noted: the growth of Knight-Swift's revenue base, the adjustment of the operating coefficient by 2026, as well as the adjustment of the return on investment. Also, with the help of additional rewards for Xpress shareholders and by reducing Knight-Swift's cash flows, it will be possible to achieve a competent asset allocation by the time the deal is signed.

The main points after the signing of the deal can be noted: the growth of Knight-Swift's revenue base, the adjustment of the operating coefficient by 2026, as well as the adjustment of the return on investment. Also, with the help of additional rewards for Xpress shareholders and by reducing Knight-Swift's cash flows, it will be possible to achieve a competent asset allocation by the time the deal is signed.
Strickland
Strickland
03.24.2023
+ Maybe it will create more competition and better rates for us drivers in the long run.
Milo
Milo
03.23.2023
I’m worried that this merger will lead to more consolidation and less choice for us drivers. Knight-Swift already has a huge market share and they might use their power to squeeze out smaller carriers or lower our wages. I hope the regulators will look into this deal carefully.
Leroy
Leroy
03.23.2023
I’m curious about how this merger will impact the self-driving truck industry. I know Knight-Swift has been testing autonomous trucks with Embark Technology. Will they continue to do that with U.S. Xpress? How will that affect our jobs and safety on the road?
Rory
Rory
03.23.2023
Knight will eventually control all of us
Mulder
Mulder
03.22.2023
I feel sorry for you guys at Usexpress.
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Recruiting Agency Commercial
Survey: Majority of Americans back more trucking facilities … just not near their residences

Most Americans support more truck parking, but not near their homes. Many Americans are unaware of the truck parking shortage and its impacts on safety and productivity. Americans value truck drivers and their service, but underestimate how many hours they can drive in a day. The survey calls for more public awareness and government funding to address the truck parking issue.

Your thoughts ladies and Gentlemen

8
Comments
Lepe
Lepe
02.28.2024
It’s a tough one
Aidan
Aidan
09.20.2023
Maybe if folks understood how this affects their goods getting delivered, they’d think different
Mari
Mari
06.13.2023
I get it, nobody wants a big rig idling by their window.
Addie
Addie
03.23.2023
I’m glad that people appreciate our service, but they need to understand that we can’t just park anywhere.
Alastair Glover
Alastair Glover
03.22.2023
It’s frustrating that people support more truck parking, but not near their homes. They don’t realize that we deliver the goods they need every day. We deserve respect and dignity, not NIMBYism.
Josef
Josef
03.22.2023
+ And we care about public opinion why?
Fred
Fred
03.22.2023
Alot of open land away from houses.
Denzel
Denzel
03.21.2023
We need safe and accessible parking spaces to rest and avoid accidents.
Magnus
Magnus
03.21.2023
The parking shortage is a nightmare for us. Sometimes I have to drive for hours to find a spot, or park illegally and risk getting fined. The government should invest more in building and maintaining truck stops and rest areas.
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Commercial
Safety Coalition urges DOT to make changes after hazardous materials spill

A group of truck safety advocates wrote a letter to Transportation Secretary Pete Buttigieg urging him to take steps to prevent hazmat crashes and save lives. The letter called for automatic emergency braking on all commercial motor vehicles, hours-of-service rule reform, and opposition to anti-safety trucking legislation.

The letter was motivated by a recent train derailment in Ohio that spilled hazardous chemicals and revealed dangerous deficiencies in the rail and truck transportation of hazardous materials.

7
Comments
Fred
Fred
05.14.2024
We’re not just hauling cargo, we’re carrying lives 💪
Ayden
Ayden
08.23.2023
Safety ain’t just a word
Gordon
Gordon
08.10.2023
Long hours on the road without a break is asking for trouble. Reform’s gotta come, and it’s gotta come quick
Eddie
Eddie
03.22.2023
Stupid
Levi
Levi
03.21.2023
Automatic emergency braking could save lives and prevent costly damages. I also think that hours-of-service rules should be more flexible and realistic for truck drivers.
Grayson
Grayson
03.21.2023
More regulation oooo regulate truckers harder oooo harder harder
Seamus
Seamus
03.20.2023
+ I agree with the Truck Safety Coalition that we need more safety measures to prevent hazmat crashes.
Pascal
Pascal
03.20.2023
I think the Truck Safety Coalition is overreacting to one incident and trying to impose unnecessary regulations on the trucking industry. Automatic emergency braking could cause more problems than it solves, especially in bad weather or traffic conditions. Hours-of-service rules are already strict enough and limit our productivity and income. Anti-safety trucking legislation is a myth.
Addie
Addie
03.20.2023
Fatigue is actually a very small factor in truck accidents. 80% caused by another vehicle, mostly cars
Barney
Barney
03.19.2023
I have mixed feelings. On one hand, I support their efforts to improve safety and reduce hazmat crashes. On the other hand, I worry that some of their proposals could have negative impacts on truck drivers’ rights and livelihoods.
Denzel
Denzel
03.19.2023
There’s been a train wreck so let’s punish trucker’s because of it. How many truck accidents are caused by cars?
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Orpik Inc Truck Driver Leads generation Commercial
$1 million worth of marijuana found on a tractor-trailer

Border patrol officers seized over $1 million worth of marijuana found on a tractor-trailer crossing the border from Mexico recently.

The tractor-trailer was loaded with a shipment of uncoated paperboard and was referred for secondary inspection at the World Trade Bridge in Laredo, Texas. The officers discovered 454 pounds of alleged marijuana with a street value of $1,015,992 and CBP seized the narcotics.

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Comments
Josef
Josef
03.09.2024
That’s a whole lotta ‘paper’
Haroon
Haroon
12.06.2023
Guess someone misunderstood when they said the trucking industry was ‘growing.
Orlando
Orlando
10.29.2023
Well, that’s one way to go green
Seamus
Seamus
03.21.2023
Can I have it back. Please
Benito
Benito
03.20.2023
+ This is why drug testing is important for truck drivers. They should not risk their own safety and others’ by using illegal substances or carrying them across the border
Xander
Xander
03.19.2023
This is unfair to truck drivers who are just doing their job and don’t know what’s in their cargo.
Keanu
Keanu
03.19.2023
This is a result of the border restrictions due to COVID-19. The smugglers are taking advantage of the reduced traffic and inspections to move more drugs through commercial trucks.
Barney
Barney
03.19.2023
Why do never see all these drugs and pot being destroyed by law in forcement?
Marni
Marni
03.18.2023
People still move marijuana? Texas has to be the dumbest state on the border of mexico. Tax revenue for marijuana could be through the roof.
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Orpik Group marketing company for your business Commercial
Tanker crash

Gasoline tanker truck flipped on I-5 near Lacey in the rain. One of the tankers ruptured and leaked its fuel. The other was intact and its contents were being moved to another truck. The truck driver and a passenger suffered minor injuries and were taken to a hospital.

Only one lane of I-5 was open for most of the day. Authorities advised travelers to stay away from the area, which is about 5 miles west of Olympia.

8
Comments
Alastair Glover
Alastair Glover
03.27.2024
Wishing a speedy recovery
Declan
Declan
12.29.2023
Hope those folks are back on their feet soon. It’s a reminder for all of us to take it slow
Tamsin
Tamsin
06.04.2023
A spill like that can turn a highway into a slip 'n slide
Aidan
Aidan
03.18.2023
This is why I avoid tankers like the plague. Too much risk and liability for me
Magnus
Magnus
03.17.2023
Another example of why tanker drivers need more training and experience. You can’t just haul hazardous materials without knowing how to handle them safely.
Addie
Addie
03.17.2023
I agree, they should have better drainage and maintenance on that highway.
Daniels
Daniels
03.16.2023
+ Glad to hear that the driver and passenger are okay
Josef
Josef
03.16.2023
That’s a scary situation to be in. I hope they recover soon and get back on the road.
Fred
Fred
03.16.2023
What a mess! I hate driving on I-5 when it rains. It’s always slippery and congested.
Barney
Barney
03.15.2023
Poor guy, he must have been terrified when he saw his truck flip over. I wonder what caused it? Was it mechanical failure, driver error, or something else? I hope they investigate thoroughly and find out what went wrong.
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Recruiting Agency Commercial
Fire destroys TA Express

A fire destroyed a TA Express in northern Oregon on March 7. No one was hurt, but the cause is unknown. The TA Express had several restaurants and amenities for truck drivers. Drivers are advised to use another TA store in Troutdale, Oregon.

9
Comments
Duke
Duke
05.10.2024
Good thing we truckers know how to reroute
Fergus
Fergus
02.14.2024
That’s rough news
Denzel
Denzel
10.21.2023
Glad no one’s toast
Grayson
Grayson
03.17.2023
It was garbage anyways
Fred
Fred
03.16.2023
Wow, that’s scary. I wonder what caused the fire. Maybe it was an electrical issue or something
Aidan
Aidan
03.16.2023
No big deal for me. I never stopped there anyway. They were too expensive and crowded for my taste. I prefer smaller truck stops with more character.
Daniels
Daniels
03.15.2023
+ I’m glad no one was hurt, but that’s a shame.
Josef
Josef
03.15.2023
That’s terrible news. I hope they can rebuild soon.
Magnus
Magnus
03.15.2023
That sucks for the drivers who used that TA Express. They’ll have to go to Troutdale or somewhere else now. That’s a long way to drive without a break
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Commercial
Louisiana's Driver of the Year

The Louisiana Motor Transport Association (LMTA) Foundation recently announced its trucker of the year award winner, and honored a safety professional of the year as well.

The Louisiana Motor Transport Association (LMTA) Foundation recently announced its trucker of the year award winner, and honored a safety professional of the year as well.

  • Nelson Landry with South Louisiana Community College is the 2023 Louisiana Truck Driver of the Year.
  • Kenny Stocks of The R Group II is the 2023 Louisiana Safety Professional of the Year.

Landry serves as the lead examiner, he received his commercial license in 1992. He has worked with SLCC turning his time and talents over to teaching the next generation of drivers, significantly impacting the incoming workforce for the trucking industry, according to the LMTA Foundation.

Stocks holds over 30 years of safety and compliance experience within the trucking history and 14 years of military service in the United States Marine Corps.

Read more...

10
Comments
Tamsin
Tamsin
04.29.2024
Well-deserved!
Orlando
Orlando
04.10.2024
Keeping it safe for all
Daniels
Daniels
10.24.2023
Big congrats to Nelson Landry! That’s some real dedication
Fleur
Fleur
03.22.2023
Congratulations to Nelson Landry and Kenny Stocks for their well-deserved awards. They are both great examples of professionalism and dedication in the trucking industry. I’m proud to be a part of this community.
Levi
Levi
03.15.2023
Nelson Landry is a great instructor and mentor who has trained many successful drivers.
Krueger
Krueger
03.14.2023
I’m impressed by Nelson Landry and Kenny Stocks. They are both examples of what trucking is all about
Keanu
Keanu
03.14.2023
I don’t know much about Nelson Landry and Kenny Stocks, but I respect them for their achievements.
Seamus
Seamus
03.13.2023
Kenny Stocks has a lot of background and credentials in safety and compliance.
Pascal
Pascal
03.12.2023
+ They are both deserving of these awards for their dedication and excellence in the trucking industry.
Barney
Barney
03.12.2023
I’m very happy for Nelson Landry and Kenny Stocks.
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NewJob4You Ads Commercial
Tom Love, he was 85

Tom Love, who, along with his wife and business partner, Judy, founded a family-owned and -operated network of more than 600, passed away at the age of 85 in his hometown of Oklahoma City. Tom Love was a man of conviction who never wavered from the principles of honesty and integrity in the 59 years he spent developing the company he started with his wife, Judy,” said Shane Wharton, president of Love`s. In many respects, he was an ordinary person who built an extraordinary business alongside his wife Judy and his family, who he loved deeply.

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Comments
Daniels
Daniels
02.03.2024
85 years of a journey well-traveled
Declan
Declan
11.31.2023
Hats off to a highway legend.
Tamsin
Tamsin
10.23.2023
Ride on, Tom Love. You paved highways of opportunity for many of us.
James R.
James R.
03.20.2023
I’m saddened to hear about the passing of Tom Love. He was a visionary leader who created a successful business that serves millions of customers and employees. I always enjoyed stopping at Love’s for fuel, food, and friendly service. My condolences to his family and friends.
Aidan
Aidan
03.14.2023
I’m shocked and saddened by Tom Love’s death.
Josef
Josef
03.12.2023
+ I’m very sorry to hear about Tom Love’s passing.
Eddie
Eddie
03.12.2023
don’t know much about Tom Love, but I appreciate what he did for us truck drivers.
Magnus
Magnus
03.11.2023
My condolences to his family and employees
Fred
Fred
03.10.2023
He was a visionary leader who created a great company that serves millions of truck drivers and travelers every day.
Addie
Addie
03.10.2023
I always enjoyed stopping at Love’s for fuel, food and friendly service.
Grayson
Grayson
03.10.2023
He was a legend in the trucking industry who built an empire from a single gas station. He understood the needs and challenges of truck drivers and provided them with quality products and amenities at affordable prices.
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Warehouse Service Commercial
Alastair Glover
Arizona enforcement effort

During the special enforcement detail “Operation Southern Shield”, the Arizona Department of Pulice Safety`s Commercial Vehicle Enforcement Task Force and partners completed 693 inspections and recorded 2,238 driver-vehicle examination report violations.

Throughout the operation, CVETF personnel placed special emphasis on violations involving reckless driving, failure to use a turn signal or improper signaling, failure to yield the right of way, and improper lane changes, according to a statement from the ADPS.

8
Comments
Ayden
Ayden
05.07.2024
With all them violations, sounds like some folks forgot the basics of trucking
Orlando
Orlando
09.21.2023
More like Operation ‘Gotcha!’
Daniels
Daniels
06.20.2023
With that many inspections, reckon they could spot a fly turning without a signal! 🤣
Joe
Joe
03.19.2023
I always try to drive safely and professionally, and I don’t mind being inspected if it means catching the bad apples who give us a bad name.
Magnus
Magnus
03.11.2023
Speeding is not the only cause of accidents, and sometimes we have to speed up to avoid hazards or meet deadlines
Alastair Glover
Alastair Glover
03.10.2023
It could affect my income and productivity if I get pulled over or fined for speeding. I hope they are reasonable
Addie
Addie
03.09.2023
I always follow the speed limit and other traffic rules, so I have nothing to worry about
Fred
Fred
03.08.2023
+ I think it’s a good initiative to reduce crashes and improve safety on the highways.
Denzel
Denzel
03.08.2023
I feel like it’s unfair and discriminatory to target commercial vehicles more than other vehicles.
Aidan
Aidan
03.08.2023
I don’t care about this operation. I have a radar detector and a CB radio, so I can avoid getting caught by the cops.
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Commercial
Anti-lock brakes and load securement

The CVSA will conduct a 72-hour inspection of commercial vehicles and drivers in North America from May 16-18. The inspection will focus on brake systems and cargo securement, which are important for preventing crashes and hazards.

6
Comments
Magnus
Magnus
03.16.2023
I hate these inspections. They are a waste of time and money. They only target truck drivers and ignore other drivers who cause more problems on the road. They also don’t take into account the different types of cargo and equipment that we haul.
Marni
Marni
03.05.2023
Won't be any timpe hoppers triple axel pass
Levi
Levi
03.04.2023
Lol they don’t care about our safety or our livelihood
Krueger
Krueger
03.04.2023
I think this is a mixed bag. On one hand, I understand the need for these inspections and the benefits they bring to the industry and the public. On the other hand, I’m concerned about the inconsistency and subjectivity of some inspectors and their criteria.
Strickland
Strickland
03.03.2023
Load securment? That's great start cracking the seals on box trailers 1st
Barney
Barney
03.02.2023
These inspections are just a way for the CVSA to make money and harass us.
Iestyn
Iestyn
03.02.2023
That’s half the trucks going down the road with the abs light on ! They should make lots of money.
Fred
Fred
03.01.2023
+ I think this is a good reminder to check my vehicle and my documents before hitting the road.
Addie
Addie
03.01.2023
I appreciate the CVSA for conducting these inspections and enforcing the standards
Iqra
Iqra
03.01.2023
this is a hassle and a waste of time. I don’t need an inspector to tell me how to do my job or how to maintain my vehicle. I know my truck better than anyone else.
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Parking spots Commercial
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