The countdown is on- we need to raise $200,000- help us reach our goal by tomorrow. Donate Now

Lull in manufacturing drives merger in trucking

Sally Herships Apr 10, 2017
HTML EMBED:
COPY

Lull in manufacturing drives merger in trucking

Sally Herships Apr 10, 2017
HTML EMBED:
COPY

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.

Click the audio player above to hear the full story.

There’s a lot happening in the world.  Through it all, Marketplace is here for you. 

You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible. 

Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.