Phoenix-based trucking companies Swift Transportation and Knight Transportation are set to merge in a $5bn deal that will create the industry's largest full-truckload trucking firm. Following the merger, the combined companies will trade as Knight-Swift Transportation Holdings, with existing facilities and operations continuing. In a statement, the companies said the deal, expected to complete in Q3 2019, could lead to $265m of savings. The agreement is subject to shareholder and anti-trust approval.
Phoenix-based trucking companies Swift Transportation and Knight Transportation are set to merge in a $5bn deal that will create the industry's largest full-truckload trucking firm. Following the merger, the combined companies will trade as Knight-Swift Transportation Holdings, with existing facilities and operations continuing. In a statement, the companies said the deal, expected to complete in Q3 2017, could lead to $265m of savings. The agreement is subject to shareholder and anti-trust approval.