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TRUCKING INDUSTRY NEWS * USA
* Western Express and Smithway expect August closing for acquisition
Nashville,Tenn. and Fort Dodge,IO,USA -The Trucker -30 July 2007: -- Western Express Inc. and Smithway Motor Xpress Corp., truckload carriers that haul diversified freight nationwide, said July 27 a plan for Western to acquire Smithway is expected to close in August... The acquisition terms have been approved by both companies’ boards of directors and by Smithway’s stockholders, according to a joint news release. The deal is now subject only to other customary closing conditions described in the acquisition agreement...
* Sector Glance: Trucking
NewYork,NY,USA -Associated Press/Forbes -30 July 2007: -- Shares of trucking companies closed mostly higher Monday after a JPMorgan analyst upgraded Knight Transportation and broader markets rebounded after last week's drop... Analyst Thomas R. Wadewitz upgraded Knight Transportation to "Overweight" from "Neutral," citing its superior growth record compared with the overall sector, and its potential to continue outperforming its peers... Wadewitz noted that declining truckload supply and market tightening could prove beneficial for Knight...
Labels: trucking industry USA
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