A load of publicly held trucking fleets released first quarter 2018 earnings – Forward Air, Knight-Swift, Landstar, Covenant, Echo Global, and Heartland – with all but one reporting better numbers than the same time a year ago.
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.
Truckload carrier Knight-Swift Transportation Tuesday reported the biggest gain in earnings seen so far this earnings season, while third-party logistics provider C.H Robinson Worldwide reported a more modest increase in profits.
Executive Editor David Cullen says if any two companies were made for each other, Knight Transportation and Swift Transportation were. After plowing through the transcript of the conference call held for analysts to disclose the impending birth of a new trucking behemoth — Knight-Swift Transportation Holdings Inc. — he explains why in his Passing Zone blog.