Knight-Swift to Acquire U.S. Xpress

One of the largest asset-based truckload fleets in North America, Knight-Swift Transportation, announced plans to acquire U.S. Xpress for approximately $808 million. The acquisition is expected to be complete late in the second quarter or early third quarter of 2023.

Knight-Swift’s acqusition of U.S. Xpress is expected to add:

• approximately $2.2 billion in total operating revenue (including $1.8 billion in truckload revenue)
• 7,200 tractors
• 14,400 trailers

“The opportunity to add one of the largest and most well-known brands in our industry, with significant opportunity to improve earnings, gain customers and reach more professional drivers, was very compelling to us,” Knight-Swift CEO Dave Jackson said in a press release.