ID 38547467 © Nexusplexus |

Paying a hefty 310% premium, Knight-Swift (KNX) yesterday announced a sizeable truckload deal that bears the hallmarks of a counter-cyclical effort aimed at delivering earnings accretion post-peak cycle in the sector stateside. Over time.

Starting from next year – 2023 earnings power dwindles at best (look up, click to expand) – the buyer will make the best of its new combination with US Xpress Enterprises (USX), which will be taken over via a transaction mostly financed by cash, with a small equity ...

Subscription required for Premium stories

In order to view the entire article please login with a valid subscription below or register an account and subscribe to Premium
Premium subscriber
New Premium subscriber REGISTER

Comment on this article

You must be logged in to post a comment.