Newsfeeds - Spark Newswire

6 minute read

More LTL Carriers May Follow AAA Cooper To The Altar, Consultant Says

July 19, 10:35 AM

Five or 10 years ago, a truckload carrier would have looked askance at acquiring an LTL carrier. Truckload carriers were comfortable shipping directly from the shipper to the consignee at a minimal fixed cost, a model that runs counter to the multistop terminal networks of LTL carriers.

AMZN

1 minute read

Drilling Deep: How Will LTL And Truckload Coexist After Knight-Swift Deal?

By FreightWaves

July 16, 10:45 AM

It's not just a big deal in terms of dollars. The acquisition of LTL carrier AAA Cooper by Knight-Swift (NYSE: KNX) is radical in that it joins an LTL carrier with a truckload carrier, one of the biggest.

KNX

3 minute read

Hot Freight Opinions: Reaction To Knight’s LTL Move

By FreightWaves

July 8, 12:06 PM

Earlier this week, Knight-Swift Transportation officially stepped into the LTL arena by acquiring AAA Cooper Transportation for $1.35 billion. The ramifications of the deal are potentially far-reaching — not only for the two companies but for the industry as a whole. We asked FreightWaves experts to provide us their HFOs (Hot Freight Opinions) on the deal.

KNX

2 minute read

A Look Into Knight-Swift’s Debt

By Benzinga Insights

July 7, 5:19 AM

Over the past three months, shares of Knight-Swift (NYSE:KNX) moved lower by nan%. Before we understand the importance of debt, let us look at how much debt Knight-Swift has.

KNX

1 minute read

Keybanc Maintains Overweight on Knight-Swift, Raises Price Target to $60

By Benzinga Newsdesk

July 7, 4:41 AM

Keybanc analyst Todd Fowler maintains Knight-Swift (NYSE:KNX) with a Overweight and raises the price target from $58 to $60.

KNX

2 minute read

Autonomous Truck Company Embark Eyes $5.2B SPAC Merger To Go Public: WSJ

By Anusuya Lahiri

June 23, 9:57 AM

The self-driving truck startup, Embark Trucks Inc, is planning to go public via the special-purpose acquisition company (SPAC)…

AMZN

1 minute read

Ground Transport, Rail Stocks Quiet Following Earlier Report ‘Elon Musk’s Boring Co. Pitches Double-Wide Tunnels – Co. wants to transport freight, not just people’

By Benzinga Newsdesk

June 18, 9:46 AM

https://www.bloomberg.com/news/articles/2021-06-18/elon-musk-s-boring-co-pitches-double-wide-tunnels

CHRW

3 minute read

Uncategorized

Headline Beat For Knight-Swift; 2021 To See Mid-Teen Jump In Contract Rates

By FreightWaves

April 21, 11:55 AM

The nation's largest truckload carrier, Knight-Swift Transportation (NYSE: KNX), posted a better-than-expected first-quarter Wednesday. The Phoenix-based company reported adjusted earnings per share of 83 cents, 13 cents ahead of consensus and 39 cents better than the year-ago quarter.

KNX