Knight-Swift Acquires AAA Cooper Transportation

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 UTXL, Inc.

June 1, 2021

Logistics & Distribution

Knight-Swift Transportation Holdings Inc. acquired 100% of UTXL, Inc., a Kansas City-based third-party logistics and truckload brokerage firm, for approximately $22.5 million. The deal expands Knight-Swift’s logistics and brokerage capabilities while preserving UTXL’s brand and independent operations and includes customary working capital adjustments and escrowed/deferred consideration.

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 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.

Watco Logistics Acquires Colossal Transport Solutions

September 2, 2025

Logistics & Distribution

Watco Logistics has acquired Colossal Transport Solutions, a Spring, Texas-based specialist in over-dimensional and heavy-haul project cargo. The acquisition (closed Sept. 2, 2025) expands Watco's multimodal project cargo and heavy-lift capabilities; Colossal has about 24 employees and financial terms were not disclosed.

Schneider National Acquires Cowan Systems, LLC

November 25, 2024

Logistics & Distribution

Schneider National, Inc. agreed to acquire Cowan Systems, LLC and affiliated entities for approximately $390 million in cash, plus separate real estate purchases of about $31 million. The Baltimore-based dedicated contract carrier — which operates roughly 1,800 trucks and 7,500 trailers across 40+ Eastern and Mid‑Atlantic locations — will become a wholly owned subsidiary to expand Schneider's Dedicated capacity and capabilities.