Knight-Swift Acquires 3PL UTXL In $22.5M Deal
The nation''s largest truckload carrier, Knight-Swift Transportation (NYSE: KNX ) announced Tuesday the acquisition of Kansas City, Missouri-based third-party logistics provider UTXL in a $22.5 million transaction. As a licensed broker for more than 20 years, UTXL specializes in full truckload, multi-stop, expedited and less-than-truckload shipments throughout North America. The company generated more than $100 million in revenue during 2020 with a low-90% operating ratio, according to the press release. UTXL describes its financial profile as "lean, profitable, debt-free and self-financed" on its website. The deal is meaningful to Knight-Swift''s logistics unit, which reported $376 million in revenue Full story available on Benzinga.com
Knight-Swift Acquires 3PL UTXL In $22.5M Deal
The nation''s largest truckload carrier, Knight-Swift Transportation (NYSE: KNX ) announced Tuesday the acquisition of Kansas City, Missouri-based third-party logistics provider UTXL in a $22.5 million transaction. As a licensed broker for more than 20 years, UTXL specializes in full truckload, multi-stop, expedited and less-than-truckload shipments throughout North America. The company generated more than $100 million in revenue during 2020 with a low-90% operating ratio, according to the press release. UTXL describes its financial profile as "lean, profitable, debt-free and self-financed" on its website. The deal is meaningful to Knight-Swift''s logistics unit, which reported $376 million in revenue Full story available on Benzinga.com