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The trucking company took on the name Estes Express Lines in 1937 and a year later opened branch terminals in Norfolk and Richmond, Virginia. After outgrowing its original offices and moving to a larger location in Chase City in 1941, the company purchased operating rights for several routes on the Northern Neck of Virginia in 1943. This made ...
It is the fourth largest trucking company in the United States. [2] The company's primary subsidiaries are truckload carriers Knight Transportation, Swift Transportation, Midnite Express and, since July 2021, less than truckload (LTL) carrier AAA Cooper. In January 2022, the company expanded its LTL footprint with the acquisition of Midwest ...
Swift Transportation became public again on December 16, 2010, trading on the New York Stock Exchange (NYSE). [19] The company offered 73,300,000 shares at $11.00 per share, raising almost $766 million, with the proceeds used for debt reduction. The offering represented 54.9% of the company, valuing the company at $1.86 billion.
By the turn of the century, Swift was a billion dollar company. [10] In 2017, Swift and Knight Transportation merged to become known as Knight-Swift. Knight-Swift Transportation is the seventh largest trucking company in the world with $7.5 billion in annual revenue providing hauling and logistics services in the U.S., Canada, and Mexico. [11] [12]
The combined company operated 1,200 trucks, 3,400 trailers, and 63 service centers, and about 3,000 employees in eastern Canada and 19 northern US states. Cabano had been Canada's fourth largest trucking company but this deal meant it surpassed Reimer Express and TNT Canada to become the second largest after CP Express. [12]
A new container shipping services company called US Lines LLC (Not related to the original company in any way) was established in Santa Ana, California in 2003 by CMA CGM. However, the company announced on December 6, 2016, that US Lines would be phased out and re-branded as ANL. [19]