Midwest Motor Express Archives - Maritime Shipping News

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

26 January 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

23 December 2021

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

23 December 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

Check Call: Good customers gone bad

8 December 2021

Hot Take

Good customers gone bad. Anyone who has onboarded a customer knows that there are a bunch of hidden little issues that just happen to come up through the course of onboarding. Even the best-laid plans sometimes have to be thrown out the window when it comes to actually starting to ship. The customer you sign can quickly become something else entirely a couple months down the road.

How do you know when customers have reached the expiration date and it’s time for...

https://www.freightwaves.com/news/check-call-good-customers-gone-bad

Knight-Swift builds out LTL network with $150M acquisition of MME

6 December 2021

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