Knight Transportation, a wholly owned subsidiary of Knight-Swift Holdings, has acquired all of the assets of Abilene Motor Express and related entities, according to a Securities and Exchange Commission filing.
Abilene Motor Express is a Richmond, Virginia-based carrier with nearly 400 trucks that operates throughout the U.S. and Canada. The SEC filing states that it brings in approximately $100 million in annual revenues.
The company serves the long-haul, over-the-road truckload market and offers regional operations, dedicated contract carriage, and sole/single source transporting services in dry and temperature controlled applications. Knight-Swift said in a securities filing that the business has an operating ratio in the low 90s."
This is the first acquisition for the company since Knight and Swift merged in 2017, bringing together two of trucking’s largest players. The combined company operates around 23,000 tractors and 77,000 trailers.