Press Release Archives - Swiftline https://almasinvestments.com/category/news/press-release/ Tue, 24 Sep 2024 09:35:28 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.1 We launches prepay fuel option for carriers https://almasinvestments.com/we-launches-prepay-fuel-option-for-carriers/ Tue, 24 Sep 2024 09:35:28 +0000 https://swiftline.vamtam.com/?p=4175 Swift Line, a leading provider of less-than-truckload (LTL) freight transportation in North America, announced today that the United States Bankruptcy Court for the District of Delaware has approved its bid to acquire 28 service center locations previously operated by Yellow Corporation. The acquisition includes purchasing 26 service centers, with Swift Line assuming existing leases for...

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Swift Line, a leading provider of less-than-truckload (LTL) freight transportation in North America, announced today that the United States Bankruptcy Court for the District of Delaware has approved its bid to acquire 28 service center locations previously operated by Yellow Corporation. The acquisition includes purchasing 26 service centers, with Swift Line assuming existing leases for the remaining two. The transaction is expected to close by the end of 2023.

Maron Jackson, Swift Line’s Chief Executive Officer, commented, “This acquisition presents a rare opportunity to significantly expand our capacity in key freight markets, create more jobs, and enhance customer service. We are eager to integrate these prime locations into our network to improve efficiency and drive growth over the next decade.”

National network

This acquisition will strengthen Swift Line’s national network with strategically located real estate in high-growth markets, including Atlanta, Brooklyn, Columbus, Greensboro, Houston, Indianapolis, Las Vegas, Minneapolis, Nashville, Portland, and Central Pennsylvania.

Wachtell, Lipton, Rosen & Katz are serving as legal counsel to Swift Line for the transaction.

About Swift Line

Swift Line, Inc. is one of North America’s largest providers of asset-based LTL transportation. Leveraging proprietary technology, XPO optimizes the movement of goods across its extensive network. Together with its operations in Europe, the company serves approximately 50,000 customers through 563 locations and employs 38,000 people. Headquartered in Greenwich, Connecticut, Swift Line is committed to delivering efficient freight solutions. For more information, visit xpo.com and follow Swift Line on social media platforms like Facebook, X, LinkedIn, Instagram, and YouTube.

Forward-looking Statements

This press release contains forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934. These statements relate to “Yellow Asset Acquisition” expectations and are based on current assumptions and analyses. Forward-looking terms such as “anticipate,” “estimate,” “expect,” and similar expressions indicate such statements. These statements are subject to various risks and uncertainties, including factors outlined in Swift Line’s filings with the Securities and Exchange Commission (SEC) and risks related to the ongoing Yellow bankruptcy proceedings and the integration of the acquired assets.

"We are eager to integrate these prime locations into our network to improve efficiency and drive growth over the next decade."

Tweet

Swift Line cautions that actual results may differ materially from those projected in forward-looking statements owing to factors like economic conditions, regulatory challenges, labor shortages, fuel price fluctuations, and other risks. Swift Line assumes no obligation to update forward-looking statements except as law requires.

The post We launches prepay fuel option for carriers appeared first on Swiftline.

]]> SwiftLine earns 2023 Top Software & tech award https://almasinvestments.com/swiftline-earns-2023-top-software-tech-award/ Tue, 24 Sep 2024 09:34:49 +0000 https://swiftline.vamtam.com/?p=4172 Swift Line, a leading provider of less-than-truckload (LTL) freight transportation in North America, announced today that the United States Bankruptcy Court for the District of Delaware has approved its bid to acquire 28 service center locations previously operated by Yellow Corporation. The acquisition includes purchasing 26 service centers, with Swift Line assuming existing leases for...

The post SwiftLine earns 2023 Top Software & tech award appeared first on Swiftline.

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Swift Line, a leading provider of less-than-truckload (LTL) freight transportation in North America, announced today that the United States Bankruptcy Court for the District of Delaware has approved its bid to acquire 28 service center locations previously operated by Yellow Corporation. The acquisition includes purchasing 26 service centers, with Swift Line assuming existing leases for the remaining two. The transaction is expected to close by the end of 2023.

Maron Jackson, Swift Line’s Chief Executive Officer, commented, “This acquisition presents a rare opportunity to significantly expand our capacity in key freight markets, create more jobs, and enhance customer service. We are eager to integrate these prime locations into our network to improve efficiency and drive growth over the next decade.”

National network

This acquisition will strengthen Swift Line’s national network with strategically located real estate in high-growth markets, including Atlanta, Brooklyn, Columbus, Greensboro, Houston, Indianapolis, Las Vegas, Minneapolis, Nashville, Portland, and Central Pennsylvania.

Wachtell, Lipton, Rosen & Katz are serving as legal counsel to Swift Line for the transaction.

About Swift Line

Swift Line, Inc. is one of North America’s largest providers of asset-based LTL transportation. Leveraging proprietary technology, XPO optimizes the movement of goods across its extensive network. Together with its operations in Europe, the company serves approximately 50,000 customers through 563 locations and employs 38,000 people. Headquartered in Greenwich, Connecticut, Swift Line is committed to delivering efficient freight solutions. For more information, visit xpo.com and follow Swift Line on social media platforms like Facebook, X, LinkedIn, Instagram, and YouTube.

Forward-looking Statements

This press release contains forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934. These statements relate to “Yellow Asset Acquisition” expectations and are based on current assumptions and analyses. Forward-looking terms such as “anticipate,” “estimate,” “expect,” and similar expressions indicate such statements. These statements are subject to various risks and uncertainties, including factors outlined in Swift Line’s filings with the Securities and Exchange Commission (SEC) and risks related to the ongoing Yellow bankruptcy proceedings and the integration of the acquired assets.

"We are eager to integrate these prime locations into our network to improve efficiency and drive growth over the next decade."

Tweet

Swift Line cautions that actual results may differ materially from those projected in forward-looking statements owing to factors like economic conditions, regulatory challenges, labor shortages, fuel price fluctuations, and other risks. Swift Line assumes no obligation to update forward-looking statements except as law requires.

The post SwiftLine earns 2023 Top Software & tech award appeared first on Swiftline.

]]> Swift to acquire coyote logistics from UPS https://almasinvestments.com/swift-to-acquire-coyote-logistics-from-ups/ Tue, 24 Sep 2024 09:33:49 +0000 https://swiftline.vamtam.com/?p=4169 Swift Line, a leading provider of less-than-truckload (LTL) freight transportation in North America, announced today that the United States Bankruptcy Court for the District of Delaware has approved its bid to acquire 28 service center locations previously operated by Yellow Corporation. The acquisition includes purchasing 26 service centers, with Swift Line assuming existing leases for...

The post Swift to acquire coyote logistics from UPS appeared first on Swiftline.

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Swift Line, a leading provider of less-than-truckload (LTL) freight transportation in North America, announced today that the United States Bankruptcy Court for the District of Delaware has approved its bid to acquire 28 service center locations previously operated by Yellow Corporation. The acquisition includes purchasing 26 service centers, with Swift Line assuming existing leases for the remaining two. The transaction is expected to close by the end of 2023.

Maron Jackson, Swift Line’s Chief Executive Officer, commented, “This acquisition presents a rare opportunity to significantly expand our capacity in key freight markets, create more jobs, and enhance customer service. We are eager to integrate these prime locations into our network to improve efficiency and drive growth over the next decade.”

National network

This acquisition will strengthen Swift Line’s national network with strategically located real estate in high-growth markets, including Atlanta, Brooklyn, Columbus, Greensboro, Houston, Indianapolis, Las Vegas, Minneapolis, Nashville, Portland, and Central Pennsylvania.

Wachtell, Lipton, Rosen & Katz are serving as legal counsel to Swift Line for the transaction.

About Swift Line

Swift Line, Inc. is one of North America’s largest providers of asset-based LTL transportation. Leveraging proprietary technology, XPO optimizes the movement of goods across its extensive network. Together with its operations in Europe, the company serves approximately 50,000 customers through 563 locations and employs 38,000 people. Headquartered in Greenwich, Connecticut, Swift Line is committed to delivering efficient freight solutions. For more information, visit xpo.com and follow Swift Line on social media platforms like Facebook, X, LinkedIn, Instagram, and YouTube.

Forward-looking Statements

This press release contains forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934. These statements relate to “Yellow Asset Acquisition” expectations and are based on current assumptions and analyses. Forward-looking terms such as “anticipate,” “estimate,” “expect,” and similar expressions indicate such statements. These statements are subject to various risks and uncertainties, including factors outlined in Swift Line’s filings with the Securities and Exchange Commission (SEC) and risks related to the ongoing Yellow bankruptcy proceedings and the integration of the acquired assets.

"We are eager to integrate these prime locations into our network to improve efficiency and drive growth over the next decade."

Tweet

Swift Line cautions that actual results may differ materially from those projected in forward-looking statements owing to factors like economic conditions, regulatory challenges, labor shortages, fuel price fluctuations, and other risks. Swift Line assumes no obligation to update forward-looking statements except as law requires.

The post Swift to acquire coyote logistics from UPS appeared first on Swiftline.

]]> Truckers against trafficking https://almasinvestments.com/truckers-against-trafficking/ Mon, 23 Sep 2024 11:54:00 +0000 https://swiftline.vamtam.com/?p=6880 Swift Line, a leading provider of less-than-truckload (LTL) freight transportation in North America, announced today that the United States Bankruptcy Court for the District of Delaware has approved its bid to acquire 28 service center locations previously operated by Yellow Corporation. The acquisition includes purchasing 26 service centers, with Swift Line assuming existing leases for...

The post Truckers against trafficking appeared first on Swiftline.

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Swift Line, a leading provider of less-than-truckload (LTL) freight transportation in North America, announced today that the United States Bankruptcy Court for the District of Delaware has approved its bid to acquire 28 service center locations previously operated by Yellow Corporation. The acquisition includes purchasing 26 service centers, with Swift Line assuming existing leases for the remaining two. The transaction is expected to close by the end of 2023.

Maron Jackson, Swift Line’s Chief Executive Officer, commented, “This acquisition presents a rare opportunity to significantly expand our capacity in key freight markets, create more jobs, and enhance customer service. We are eager to integrate these prime locations into our network to improve efficiency and drive growth over the next decade.”

National network

This acquisition will strengthen Swift Line’s national network with strategically located real estate in high-growth markets, including Atlanta, Brooklyn, Columbus, Greensboro, Houston, Indianapolis, Las Vegas, Minneapolis, Nashville, Portland, and Central Pennsylvania.

Wachtell, Lipton, Rosen & Katz are serving as legal counsel to Swift Line for the transaction.

About Swift Line

Swift Line, Inc. is one of North America’s largest providers of asset-based LTL transportation. Leveraging proprietary technology, XPO optimizes the movement of goods across its extensive network. Together with its operations in Europe, the company serves approximately 50,000 customers through 563 locations and employs 38,000 people. Headquartered in Greenwich, Connecticut, Swift Line is committed to delivering efficient freight solutions. For more information, visit xpo.com and follow Swift Line on social media platforms like Facebook, X, LinkedIn, Instagram, and YouTube.

Forward-looking Statements

This press release contains forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934. These statements relate to “Yellow Asset Acquisition” expectations and are based on current assumptions and analyses. Forward-looking terms such as “anticipate,” “estimate,” “expect,” and similar expressions indicate such statements. These statements are subject to various risks and uncertainties, including factors outlined in Swift Line’s filings with the Securities and Exchange Commission (SEC) and risks related to the ongoing Yellow bankruptcy proceedings and the integration of the acquired assets.

"We are eager to integrate these prime locations into our network to improve efficiency and drive growth over the next decade."

Tweet

Swift Line cautions that actual results may differ materially from those projected in forward-looking statements owing to factors like economic conditions, regulatory challenges, labor shortages, fuel price fluctuations, and other risks. Swift Line assumes no obligation to update forward-looking statements except as law requires.

The post Truckers against trafficking appeared first on Swiftline.

]]> Swift Line launches In-house, over-the-road operation https://almasinvestments.com/swift-line-launches-in-house-over-the-road-operation/ Mon, 23 Sep 2024 11:52:00 +0000 https://swiftline.vamtam.com/?p=6875 Swift Line, a leading provider of less-than-truckload (LTL) freight transportation in North America, announced today that the United States Bankruptcy Court for the District of Delaware has approved its bid to acquire 28 service center locations previously operated by Yellow Corporation. The acquisition includes purchasing 26 service centers, with Swift Line assuming existing leases for...

The post Swift Line launches In-house, over-the-road operation appeared first on Swiftline.

]]>

Swift Line, a leading provider of less-than-truckload (LTL) freight transportation in North America, announced today that the United States Bankruptcy Court for the District of Delaware has approved its bid to acquire 28 service center locations previously operated by Yellow Corporation. The acquisition includes purchasing 26 service centers, with Swift Line assuming existing leases for the remaining two. The transaction is expected to close by the end of 2023.

Maron Jackson, Swift Line’s Chief Executive Officer, commented, “This acquisition presents a rare opportunity to significantly expand our capacity in key freight markets, create more jobs, and enhance customer service. We are eager to integrate these prime locations into our network to improve efficiency and drive growth over the next decade.”

National network

This acquisition will strengthen Swift Line’s national network with strategically located real estate in high-growth markets, including Atlanta, Brooklyn, Columbus, Greensboro, Houston, Indianapolis, Las Vegas, Minneapolis, Nashville, Portland, and Central Pennsylvania.

Wachtell, Lipton, Rosen & Katz are serving as legal counsel to Swift Line for the transaction.

About Swift Line

Swift Line, Inc. is one of North America’s largest providers of asset-based LTL transportation. Leveraging proprietary technology, XPO optimizes the movement of goods across its extensive network. Together with its operations in Europe, the company serves approximately 50,000 customers through 563 locations and employs 38,000 people. Headquartered in Greenwich, Connecticut, Swift Line is committed to delivering efficient freight solutions. For more information, visit xpo.com and follow Swift Line on social media platforms like Facebook, X, LinkedIn, Instagram, and YouTube.

Forward-looking Statements

This press release contains forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934. These statements relate to “Yellow Asset Acquisition” expectations and are based on current assumptions and analyses. Forward-looking terms such as “anticipate,” “estimate,” “expect,” and similar expressions indicate such statements. These statements are subject to various risks and uncertainties, including factors outlined in Swift Line’s filings with the Securities and Exchange Commission (SEC) and risks related to the ongoing Yellow bankruptcy proceedings and the integration of the acquired assets.

"We are eager to integrate these prime locations into our network to improve efficiency and drive growth over the next decade."

Tweet

Swift Line cautions that actual results may differ materially from those projected in forward-looking statements owing to factors like economic conditions, regulatory challenges, labor shortages, fuel price fluctuations, and other risks. Swift Line assumes no obligation to update forward-looking statements except as law requires.

The post Swift Line launches In-house, over-the-road operation appeared first on Swiftline.

]]> Recognized as a 2024 VETS Indexes 4 star employer https://almasinvestments.com/recognized-as-a-2024-vets-indexes-4-star-employer/ Mon, 23 Sep 2024 11:51:00 +0000 https://swiftline.vamtam.com/?p=6872 Swift Line, a leading provider of less-than-truckload (LTL) freight transportation in North America, announced today that the United States Bankruptcy Court for the District of Delaware has approved its bid to acquire 28 service center locations previously operated by Yellow Corporation. The acquisition includes purchasing 26 service centers, with Swift Line assuming existing leases for...

The post Recognized as a 2024 VETS Indexes 4 star employer appeared first on Swiftline.

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Swift Line, a leading provider of less-than-truckload (LTL) freight transportation in North America, announced today that the United States Bankruptcy Court for the District of Delaware has approved its bid to acquire 28 service center locations previously operated by Yellow Corporation. The acquisition includes purchasing 26 service centers, with Swift Line assuming existing leases for the remaining two. The transaction is expected to close by the end of 2023.

Maron Jackson, Swift Line’s Chief Executive Officer, commented, “This acquisition presents a rare opportunity to significantly expand our capacity in key freight markets, create more jobs, and enhance customer service. We are eager to integrate these prime locations into our network to improve efficiency and drive growth over the next decade.”

National network

This acquisition will strengthen Swift Line’s national network with strategically located real estate in high-growth markets, including Atlanta, Brooklyn, Columbus, Greensboro, Houston, Indianapolis, Las Vegas, Minneapolis, Nashville, Portland, and Central Pennsylvania.

Wachtell, Lipton, Rosen & Katz are serving as legal counsel to Swift Line for the transaction.

About Swift Line

Swift Line, Inc. is one of North America’s largest providers of asset-based LTL transportation. Leveraging proprietary technology, XPO optimizes the movement of goods across its extensive network. Together with its operations in Europe, the company serves approximately 50,000 customers through 563 locations and employs 38,000 people. Headquartered in Greenwich, Connecticut, Swift Line is committed to delivering efficient freight solutions. For more information, visit xpo.com and follow Swift Line on social media platforms like Facebook, X, LinkedIn, Instagram, and YouTube.

Forward-looking Statements

This press release contains forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934. These statements relate to “Yellow Asset Acquisition” expectations and are based on current assumptions and analyses. Forward-looking terms such as “anticipate,” “estimate,” “expect,” and similar expressions indicate such statements. These statements are subject to various risks and uncertainties, including factors outlined in Swift Line’s filings with the Securities and Exchange Commission (SEC) and risks related to the ongoing Yellow bankruptcy proceedings and the integration of the acquired assets.

"We are eager to integrate these prime locations into our network to improve efficiency and drive growth over the next decade."

Tweet

Swift Line cautions that actual results may differ materially from those projected in forward-looking statements owing to factors like economic conditions, regulatory challenges, labor shortages, fuel price fluctuations, and other risks. Swift Line assumes no obligation to update forward-looking statements except as law requires.

The post Recognized as a 2024 VETS Indexes 4 star employer appeared first on Swiftline.

]]> SW reports fourth quarter 2023 results https://almasinvestments.com/sw-reports-fourth-quarter-2023-results/ Mon, 23 Sep 2024 11:50:00 +0000 https://swiftline.vamtam.com/?p=6869 Swift Line, a leading provider of less-than-truckload (LTL) freight transportation in North America, announced today that the United States Bankruptcy Court for the District of Delaware has approved its bid to acquire 28 service center locations previously operated by Yellow Corporation. The acquisition includes purchasing 26 service centers, with Swift Line assuming existing leases for...

The post SW reports fourth quarter 2023 results appeared first on Swiftline.

]]>

Swift Line, a leading provider of less-than-truckload (LTL) freight transportation in North America, announced today that the United States Bankruptcy Court for the District of Delaware has approved its bid to acquire 28 service center locations previously operated by Yellow Corporation. The acquisition includes purchasing 26 service centers, with Swift Line assuming existing leases for the remaining two. The transaction is expected to close by the end of 2023.

Maron Jackson, Swift Line’s Chief Executive Officer, commented, “This acquisition presents a rare opportunity to significantly expand our capacity in key freight markets, create more jobs, and enhance customer service. We are eager to integrate these prime locations into our network to improve efficiency and drive growth over the next decade.”

National network

This acquisition will strengthen Swift Line’s national network with strategically located real estate in high-growth markets, including Atlanta, Brooklyn, Columbus, Greensboro, Houston, Indianapolis, Las Vegas, Minneapolis, Nashville, Portland, and Central Pennsylvania.

Wachtell, Lipton, Rosen & Katz are serving as legal counsel to Swift Line for the transaction.

About Swift Line

Swift Line, Inc. is one of North America’s largest providers of asset-based LTL transportation. Leveraging proprietary technology, XPO optimizes the movement of goods across its extensive network. Together with its operations in Europe, the company serves approximately 50,000 customers through 563 locations and employs 38,000 people. Headquartered in Greenwich, Connecticut, Swift Line is committed to delivering efficient freight solutions. For more information, visit xpo.com and follow Swift Line on social media platforms like Facebook, X, LinkedIn, Instagram, and YouTube.

Forward-looking Statements

This press release contains forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934. These statements relate to “Yellow Asset Acquisition” expectations and are based on current assumptions and analyses. Forward-looking terms such as “anticipate,” “estimate,” “expect,” and similar expressions indicate such statements. These statements are subject to various risks and uncertainties, including factors outlined in Swift Line’s filings with the Securities and Exchange Commission (SEC) and risks related to the ongoing Yellow bankruptcy proceedings and the integration of the acquired assets.

"We are eager to integrate these prime locations into our network to improve efficiency and drive growth over the next decade."

Tweet

Swift Line cautions that actual results may differ materially from those projected in forward-looking statements owing to factors like economic conditions, regulatory challenges, labor shortages, fuel price fluctuations, and other risks. Swift Line assumes no obligation to update forward-looking statements except as law requires.

The post SW reports fourth quarter 2023 results appeared first on Swiftline.

]]> Benefits of trucking service https://almasinvestments.com/benefits-of-trucking-service/ Mon, 23 Sep 2024 11:49:00 +0000 https://swiftline.vamtam.com/?p=6866 Swift Line, a leading provider of less-than-truckload (LTL) freight transportation in North America, announced today that the United States Bankruptcy Court for the District of Delaware has approved its bid to acquire 28 service center locations previously operated by Yellow Corporation. The acquisition includes purchasing 26 service centers, with Swift Line assuming existing leases for...

The post Benefits of trucking service appeared first on Swiftline.

]]>

Swift Line, a leading provider of less-than-truckload (LTL) freight transportation in North America, announced today that the United States Bankruptcy Court for the District of Delaware has approved its bid to acquire 28 service center locations previously operated by Yellow Corporation. The acquisition includes purchasing 26 service centers, with Swift Line assuming existing leases for the remaining two. The transaction is expected to close by the end of 2023.

Maron Jackson, Swift Line’s Chief Executive Officer, commented, “This acquisition presents a rare opportunity to significantly expand our capacity in key freight markets, create more jobs, and enhance customer service. We are eager to integrate these prime locations into our network to improve efficiency and drive growth over the next decade.”

National network

This acquisition will strengthen Swift Line’s national network with strategically located real estate in high-growth markets, including Atlanta, Brooklyn, Columbus, Greensboro, Houston, Indianapolis, Las Vegas, Minneapolis, Nashville, Portland, and Central Pennsylvania.

Wachtell, Lipton, Rosen & Katz are serving as legal counsel to Swift Line for the transaction.

About Swift Line

Swift Line, Inc. is one of North America’s largest providers of asset-based LTL transportation. Leveraging proprietary technology, XPO optimizes the movement of goods across its extensive network. Together with its operations in Europe, the company serves approximately 50,000 customers through 563 locations and employs 38,000 people. Headquartered in Greenwich, Connecticut, Swift Line is committed to delivering efficient freight solutions. For more information, visit xpo.com and follow Swift Line on social media platforms like Facebook, X, LinkedIn, Instagram, and YouTube.

Forward-looking Statements

This press release contains forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934. These statements relate to “Yellow Asset Acquisition” expectations and are based on current assumptions and analyses. Forward-looking terms such as “anticipate,” “estimate,” “expect,” and similar expressions indicate such statements. These statements are subject to various risks and uncertainties, including factors outlined in Swift Line’s filings with the Securities and Exchange Commission (SEC) and risks related to the ongoing Yellow bankruptcy proceedings and the integration of the acquired assets.

"We are eager to integrate these prime locations into our network to improve efficiency and drive growth over the next decade."

Tweet

Swift Line cautions that actual results may differ materially from those projected in forward-looking statements owing to factors like economic conditions, regulatory challenges, labor shortages, fuel price fluctuations, and other risks. Swift Line assumes no obligation to update forward-looking statements except as law requires.

The post Benefits of trucking service appeared first on Swiftline.

]]> Used truck sales prices are up and new trailer backlogs continue https://almasinvestments.com/used-truck-sales-prices-are-up-and-new-trailer-backlogs-continue/ Mon, 23 Sep 2024 11:48:00 +0000 https://swiftline.vamtam.com/?p=6863 Swift Line, a leading provider of less-than-truckload (LTL) freight transportation in North America, announced today that the United States Bankruptcy Court for the District of Delaware has approved its bid to acquire 28 service center locations previously operated by Yellow Corporation. The acquisition includes purchasing 26 service centers, with Swift Line assuming existing leases for...

The post Used truck sales prices are up and new trailer backlogs continue appeared first on Swiftline.

]]>

Swift Line, a leading provider of less-than-truckload (LTL) freight transportation in North America, announced today that the United States Bankruptcy Court for the District of Delaware has approved its bid to acquire 28 service center locations previously operated by Yellow Corporation. The acquisition includes purchasing 26 service centers, with Swift Line assuming existing leases for the remaining two. The transaction is expected to close by the end of 2023.

Maron Jackson, Swift Line’s Chief Executive Officer, commented, “This acquisition presents a rare opportunity to significantly expand our capacity in key freight markets, create more jobs, and enhance customer service. We are eager to integrate these prime locations into our network to improve efficiency and drive growth over the next decade.”

National network

This acquisition will strengthen Swift Line’s national network with strategically located real estate in high-growth markets, including Atlanta, Brooklyn, Columbus, Greensboro, Houston, Indianapolis, Las Vegas, Minneapolis, Nashville, Portland, and Central Pennsylvania.

Wachtell, Lipton, Rosen & Katz are serving as legal counsel to Swift Line for the transaction.

About Swift Line

Swift Line, Inc. is one of North America’s largest providers of asset-based LTL transportation. Leveraging proprietary technology, XPO optimizes the movement of goods across its extensive network. Together with its operations in Europe, the company serves approximately 50,000 customers through 563 locations and employs 38,000 people. Headquartered in Greenwich, Connecticut, Swift Line is committed to delivering efficient freight solutions. For more information, visit xpo.com and follow Swift Line on social media platforms like Facebook, X, LinkedIn, Instagram, and YouTube.

Forward-looking Statements

This press release contains forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934. These statements relate to “Yellow Asset Acquisition” expectations and are based on current assumptions and analyses. Forward-looking terms such as “anticipate,” “estimate,” “expect,” and similar expressions indicate such statements. These statements are subject to various risks and uncertainties, including factors outlined in Swift Line’s filings with the Securities and Exchange Commission (SEC) and risks related to the ongoing Yellow bankruptcy proceedings and the integration of the acquired assets.

"We are eager to integrate these prime locations into our network to improve efficiency and drive growth over the next decade."

Tweet

Swift Line cautions that actual results may differ materially from those projected in forward-looking statements owing to factors like economic conditions, regulatory challenges, labor shortages, fuel price fluctuations, and other risks. Swift Line assumes no obligation to update forward-looking statements except as law requires.

The post Used truck sales prices are up and new trailer backlogs continue appeared first on Swiftline.

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