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Story continues Infrastructure Stock Boom to Sweep AmericaĪ massive push to rebuild the crumbling U.S. Shares of USA Truck, ArcBest and Landstar have rallied more than 84%, 100% and 37% in a year’s time, respectively. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Some better-ranked stocks in the Transportation - Truck industry are USA Truck USAK, ArcBest Corporation ARCB and Landstar System LSTR, each carrying a Zacks Rank #2 (Buy). Knight-Swift carries a Zacks Rank #3 (Hold). Last month, the company acquired Kansas City, MO-based third-party logistics company UTXL, Inc for approximately $22.5 million. The transaction, consisting of $1.3 billion in cash, $10 million in Knight-Swift shares and approximately $40 million in assumed debt, was funded by a new $1.2-billion term loan and Knight-Swift’s existing liquidity.Īt a time when freight demand is steadily improving, Knight-Swift’s successive acquisitions to widen its network are encouraging. Besides continuing to serve as the CEO of AAA Cooper, Reid Dove has been appointed to Knight-Swift’s board. Knight-Swift has stated that AAA Cooper will continue to operate independently. price | KnightSwift Transportation Holdings Inc.
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