Two of the largest asset based carriers are merging and will become the largest truck-load carrier in the country under Knight-Swift Transportation Holdings, Inc. The $6 billion deal will combine ownership, however the plan is to keep the trucking operations separate at this time. They will operate a combined fleet of 23,000 tractors, 77,000 trailers, and 28,000 employees. With a combined revenue of $5.1 billion this will allow them to reinvest in the companies through purchasing technology, insurance, and equipment, which is vital for growth.
Industry analysts suspect the time is right for more consolidations in the trucking industry such as this one. Creating larger companies will enable companies to use drivers and equipment more efficiently, which will boost profits which will enable them to reinvest in the business.