Knight-Swift Merger: A Landmark Moment in the Trucking Industry

When did Knight merge Swift? 2017 In 2017, Knight Transportation merged with Swift Transportation and Knight-Swift Transportation Holdings Inc. was formed to serve as the parent company for both carriers. In 2019, Knight-Swift settled a $100 million class-action lawsuit alleging the company failed to classify 20,000 owner-operator drivers as employees. Read more on en.wikipedia.org When … Read more

Amazon’s Acquisition of Whole Foods

Does Amazon own Whole Foods? It’s Finally Clear Why Amazon Bought Whole Foods. In 2017, Amazon entered the grocery business by tossing Whole Foods in its shopping cart. Amazon spent more than $13 billion to buy this 40-year-old supermarket chain known for its organic merchandise and, at times, its sky-high prices. Read more on slate.com … Read more

Who Just Bought UPS?

Who just bought UPS? TFI International Inc. What Happened and When. Just two months after buying DLS Worldwide, TFI International Inc., a Canadian transportation and logistics company, announced their plans to buy UPS Freight for $800 million. The deal was announced in late January 2021 and officially completed on April 30th. Read more on blog.eniture.com … Read more

Can Nonprofits be Acquired?

Can nonprofits be acquired? If the acquisition involves two nonprofit entities, it may not be necessary for the acquiring nonprofit to pay fair market value (or anything) for the assets. Instead, the transaction can be structured as a gift of assets from the selling nonprofit to the acquiring nonprofit. Read more on www.americanbar.org Nonprofit organizations … Read more