Lull in manufacturing drives merger in trucking
The latest merger of two corporate giants, worth a combined $5.1 billion, is far from New York City. Instead, it’s the joining of two major trucking companies, Swift and Knight. The new company, Knight-Swift, will be based in Phoenix, where both companies have their headquarters. The trucking industry faces challenges, like flat demand from manufacturers, increased costs to meet emissions standards and new tracking systems to enforce legal limits on daily driving hours. This merger helps both companies access a bigger pool of drivers and trucks around the country and in Mexico.
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