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.
As a nonprofit news organization, our future depends on listeners like you who believe in the power of public service journalism.
Your investment in Marketplace helps us remain paywall-free and ensures everyone has access to trustworthy, unbiased news and information, regardless of their ability to pay.
Donate today — in any amount — to become a Marketplace Investor. Now more than ever, your commitment makes a difference.