For the second time this year, a truckload-centric transportation company has acquired a less-than-truckload carrier.
Canadian TL and logistics outfit TFI International (NYSE: TFII) announced the $800 billion acquisition of UPS Freight (NYSE: UPS) in January. Last week, the biggest TL carrier in the nation, Knight-Swift Transportation, inked a $1.35 billion deal for regional LTL carrier AAA Cooper Transportation.
What’s so intriguing about the LTL space that warrants the significant investment...
https://www.freightwaves.com/news/knight-swift-deal-shows-the-value-in-owning-an-ltl