Knight-Swift endorses Union Pacific-Norfolk Southern deal

[Norfolk Southern sign on diesel locomotive]
sshepard

Knight-Swift Transportation (NYSE:KNX [https://seekingalpha.com/symbol/KNX]) said it supports Union Pacific's (NYSE:UNP [https://seekingalpha.com/symbol/UNP]) planned $75 billion acquisition of rival Norfolk Southern (NYSE:NSC [https://seekingalpha.com/symbol/NSC]).

“This is a significant breakthrough in U.S. freight transportation," Adam Miller, CEO of Knight-Swift said in a statement [https://seekingalpha.com/pr/20218305-knight-swift-transportation-holdings-inc-endorses-union-pacific-norfolk-southern-merger]on Tuesday. "By knitting together a coast-to-coast rail network, Union Pacific and Norfolk Southern are creating new efficiencies that will benefit everyone – from logistics providers like us, to our customers, to the end consumers."

Miller added that "ultimately, Knight-Swift expects the merger will bolster U.S. supply chain resilience and competitiveness by maximizing the efficient use of both trucks and trains."

MORE ON KNIGHT-SWIFT TRANSPORTATION HOLDINGS INC., NORFOLK SOUTHERN, ETC.

* How To Play The Union Pacific-Norfolk Southern Arbitrage [https://seekingalpha.com/article/4818669-how-to-play-the-union-pacific-norfolk-southern-arbitrage]
* Norfolk Southern: Less Compelling Than Treasuries [https://seekingalpha.com/article/4812222-norfolk-southern-less-compelling-than-treasuries]
* Union Pacific: Norfolk Purchase Brings Long-Term Benefits, Near-Term Uncertainty [https://seekingalpha.com/article/4806050-union-pacific-norfolk-purchase-long-term-benefits-near-term-uncertainty]
* Trump fires board member of regulator evaluating rail merger - WSJ (update) [https://seekingalpha.com/news/4490042-trump-fires-board-member-of-regulator-evaluating-rail-merger---wsj]
* U.S. railroads go off the rails in race to compete with Canadian rivals [https://seekingalpha.com/news/4489171-us-railroads-go-off-the-rails-in-race-to-compete-with-canadian-rivals]