Knight-Swift Transportation (NYSE: KNX) announced Monday further expansion into the less-than-truckload market. The carrier acquired RAC MME Holdings, parent of LTL carrier Midwest Motor Express and truckload carrier Midnite Express, for $150 million in cash.
Bismarck, North Dakota -based Midwest Motor Express was founded in 1918 and operates 33 terminals (800 doors) throughout the Upper Midwest and Northwest. Through carrier partners like Pitt Ohio, Saia (NASDAQ: SAIA) and Southeastern Freight...
https://www.freightwaves.com/news/knight-swift-builds-out-ltl-network-with-150m-acquisition-of-mme