All-stock swap will create a holding company that will allow Knight and Swift to operate under common ownership and share best practices, while maintaining distinct brands and operations.
TL carriers Knight Transportation and Swift Transportation Co. are planning to merge via an all-stock transaction, with the combined company to be named Knight-Swift Transportation Holdings Inc. and its joint stock trading under the ticker “KNX.”
The motor carriers said in a joint statement that the holding company structure will enable the Knight and Swift to operate under common ownership and share best practices, while maintaining distinct brands and operations.