AAA Cooper Transportation

Taking LTL pricing to a new dimension

A Purloator driver making a less-than-truckload delivery

For years, Tony Bauer, an Australian transport executive, has pitched an invention that he said accurately captures LTL shipment dimensions using a mobile tape measure device and supporting software. The product, called CubeTape, allows shippers to walk around the freight, scan its dimensions, weight, reference number and photos. The data would then be uploaded into a predesignated platform before the shipment is picked up. 

With precise data elements in hand, a detailed bill of lading can be...

https://www.freightwaves.com/news/taking-ltl-pricing-to-a-new-dimension

Knight-Swift sees big Q4, expects hypergrowth to moderate in 2022

Growth rates to moderate in 2022

Knight-Swift Transportation saw financial results improve across all four of its segments during the fourth quarter. Most notable may be the sub-75% adjusted operating ratio it recorded in its truckload segment. Significantly higher rates and gains on equipment sales were the drivers.

Knight-Swift (NYSE: KNX) reported a big headline earnings beat Wednesday. Adjusted earnings per share for the fourth quarter were $1.61, well ahead of the $1.43 consensus estimate and more than 70% higher...

https://www.freightwaves.com/news/knight-swift-sees-big-q4-expects-hypergrowth-to-moderate-in-2022

Las operaciones más transformadoras de 2021 en el sector del transporte por carretera

Some carriers made noncore additions to the lineup in 2021

El flujo de transacciones fue intenso en la industria del transporte por carretera durante 2021. La mayoría de los actores en el espacio han visto múltiples trimestres de ganancias y flujos de efectivo récord. Ya sea buscando un lugar para poner el nuevo efectivo a trabajar, la adición de los conductores y el equipo en un mercado de capacidad limitada o atornillar en un nuevo modo de la oferta de transporte, muchos transportistas estaban investigando activamente ofertas y la compra de activos.

He...

https://www.freightwaves.com/news/las-operaciones-mas-transformadoras-de-2021-en-el-sector-del-transporte-por-carretera

2021’s most transformational deals in trucking

Some carriers made noncore additions to the lineup in 2021

Deal flow was heavy in the trucking industry during 2021. Most players in the space have seen multiple quarters of record earnings and cash flows. Whether it was looking for a place to put newfound cash to work, adding drivers and equipment in a capacity-constrained market or bolting on a new mode to the transportation offering, many carriers were actively vetting deals and buying assets.

Here’s a recap of a few of the most transformational deals in trucking during 2021.

Knight-Swift goes all in...

https://www.freightwaves.com/news/2021s-most-transformational-deals-in-trucking

Knight-Swift crushes Q3 expectations; all segments’ revenue, margins up

Knight-Swift's big Q3 to be followed by a step higher in Q4

Knight-Swift Transportation posted a big third-quarter result Wednesday before the market opened, beating analysts’ forecasts handily and raising its full-year 2021 guidance.

The stock was up 5.8% by midday on the news compared to the S&P 500, which was up 0.4%.

Adjusted earnings per share of $1.30 significantly outpaced consensus of $1.07, the year-ago period of 79 cents and the second quarter’s 98 cents. Of note, increased gains on equipment sales contributed to the outperformance.

Table:...

https://www.freightwaves.com/news/knight-swift-crushes-q3-expectations-all-segments-revenue-margins-up

More LTL carriers may follow AAA Cooper to the altar, consultant says

Five or 10 years ago, a truckload carrier would have looked askance at acquiring an LTL carrier. Truckload carriers were comfortable shipping directly from the shipper to the consignee at a minimal fixed cost, a model that runs counter to the multistop terminal networks of LTL carriers. The truckload-LTL relationship was mostly confined to truckload carriers handling shipments of overflow LTL freight weighing more than 8,000 pounds if LTL capacity was too tight to meet the demand. 

However,...

https://www.freightwaves.com/news/more-ltl-carriers-may-follow-aaa-cooper-to-the-altar-consultant-says

Drilling Deep: How will LTL and truckload coexist after Knight-Swift deal?

It’s not just a big deal in terms of dollars. The acquisition of LTL carrier AAA Cooper by Knight-Swift (NYSE: KNX) is radical in that it joins an LTL carrier with a truckload carrier, one of the biggest.

The two businesses are very different. How will they integrate? On this week’s Drilling Deep podcast, FreightWaves’ JP Hampstead talks about the road ahead for this most unusual and groundbreaking of transactions.

Also on the podcast this week, host John Kingston talks about the latest forecast...

https://www.freightwaves.com/news/drilling-deep-how-will-ltl-and-truckload-coexist-after-knight-swift-deal

Knight-Swift deal shows the value in owning an LTL

Trucking's latest mega deal mixes modes

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

Hot Freight Opinions: Reaction to Knight’s LTL move

Earlier this week, Knight-Swift Transportation officially stepped into the LTL arena by acquiring AAA Cooper Transportation for $1.35 billion. The ramifications of the deal are potentially far-reaching — not only for the two companies but for the industry as a whole.

We asked FreightWaves experts to provide us their HFOs (Hot Freight Opinions) on the deal.

Craig Fuller, founder and CEO

The KNX management team has one of the best track records of integrating large, transformative deals into their...

https://www.freightwaves.com/news/hot-freight-opinions-reaction-to-knights-ltl-move

Trucking M&A deals getting bigger; Knight-Swift takes on LTL

Investment dollars continue to roll into LTL market

Big truckload M&A deals are starting to roll in for the publicly traded carriers. After months of management teams saying they would look to deploy their strengthening balance sheets on accretive acquisitions, the fruit is finally shaking loose from the tree.

Less than a week after Werner Enterprises (NASDAQ: WERN) announced it had acquired a couple of regional carriers in a $142 million deal with ECM Transport, the nation’s largest TL carrier Knight-Swift Transportation (NYSE: KNX) made a big...

https://www.freightwaves.com/news/trucking-m-knight-swift-takes-on-ltl

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