US trucking market recovery stays in reverse gear further into the year
The long-awaited recovery of the US trucking market is showing all the qualities of an ...
Knight-Swift, the largest player in the US truckload industry, is set to consolidate its lead in the market with a takeover of US Xpress.
US Xpress ranked seventh in the truckload hierarchy last year, has agreed to a deal involving about $808m.
It is the biggest takeover in US trucking for years, and follows TFI International’s acquisition of UPS Freight for $800m, although that was in the less-than-truckload (LTL) sector, and last summer’s DB SChenker takeover of USA Truck for $435m.
According to ...
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