Knight-Swift acquires Dependable Highway Express LTL division; ~$122M revenue, ~10% margin

Knight-Swift Transportation Holdings Inc.

Acquired non-union regional LTL division of Dependable Highway Express, effective July 30, 2024.
Expected to be immediately accretive to EPS; LTL terminal/door count up ~10%, US population coverage to ~70%.
DHE generated ~$122M revenue and ~10% operating margin in past twelve months; terms not disclosed.
DHE will operate as separate brand under AAA Cooper; Joe Finney named President.
Adds key Southwest markets (CA, AZ, NV); connects with AAA Cooper and MME for coast-to-coast service.

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