Knight-Swift Acquires UTXL, Inc.

Knight-Swift Acquires U.S. Xpress Enterprises for ~$808M

July 1, 2023

Transportation

Knight-Swift Transportation Holdings agreed to acquire U.S. Xpress Enterprises for a total enterprise value of approximately $808 million, paying $6.15 per share; the transaction was approved by shareholders and closed on July 1, 2023. U.S. Xpress will continue to operate as a separate brand, with the Fuller family rolling over a portion of their equity into an approximately 10% interest in a new Knight-Swift subsidiary holding the business.

Knight-Swift Acquires Dependable Highway Express LTL Business

July 30, 2024

Transportation

Knight-Swift Transportation Holdings has acquired the less-than-truckload (LTL) operations of Los Angeles-based Dependable Highway Express from Dependable Supply Chain Services. The deal expands Knight-Swift's West Coast and Southwest LTL footprint—adding terminals and doors to its AAA Cooper division—to support the company's goal of building a nationwide LTL network.

Knight-Swift Acquires AAA Cooper Transportation

July 5, 2021

Transportation

Knight-Swift Transportation Holdings Inc. acquired 100% of Dothan, Alabama-based AAA Cooper Transportation, a leading less-than-truckload (LTL) carrier. The $1.35 billion transaction (including assumed debt) is intended to provide Knight-Swift an LTL growth platform and is expected to be immediately accretive to adjusted EPS while preserving AAA Cooper's independent operations and leadership.

Bluestem Equity Acquires United Vision Logistics

December 28, 2022

Transportation

Bluestem Equity Ltd. completed the acquisition of Lafayette, Louisiana-based United Vision Logistics (UVL), a land transportation and logistics provider offering heavy haul, long haul, and expedited services across the United States and Canada. UVL — which operates out of Lafayette and Houston and maintains a network of over 100 facilities and a large fleet of owner-operators and partnered carriers — will continue operating under its existing leadership as Bluestem partners to grow the business.

RXO Acquires Coyote Logistics from UPS for $1.025 Billion

September 16, 2024

Logistics & Distribution

RXO (NYSE: RXO) has completed the acquisition of Coyote Logistics from UPS for $1.025 billion, making RXO the third-largest provider of brokered transportation in North America. The deal expands RXO's customer base, carrier network and market scale while integrating Coyote's people and technology into RXO's asset-light, tech-enabled brokerage platform.

Knight-Swift Acquires RAC MME Holdings (Midwest Motor Express / Midnite Express)

December 6, 2021

Trucking & Fleet

Knight-Swift Transportation Holdings, Inc. acquired 100% of RAC MME Holdings, LLC — the parent of Midwest Motor Express and Midnite Express — for $150 million in cash. The acquisition expands Knight-Swift's less-than-truckload (LTL) footprint across roughly 15 states in the upper midwestern and great northwestern United States; MME reported approximately $137 million of 2021 revenue and ~800 employees.