WASHINGTON (dpa-AFX) - TRANSTEX announced the acquisition of FleetAero assets from Knight-Swift Transportation Holdings (KNX). The transaction was structured as an asset purchase. The agreement also establishes a long-term partnership between the companies focused on advancing fleet performance, accelerating technology validation, and driving continuous innovation aligned with fuel-efficiency and emissions-reduction objectives.
Dave Williams, Senior Vice President of Equipment and Governmental Relations at Knight-Swift, said: 'Fleet efficiency is a core priority for Knight-Swift. TRANSTEX has consistently demonstrated its ability to deliver solutions that perform in demanding, real-world conditions. We believe this long-term partnership will support continued innovation and drive measurable operational and environmental benefits across our fleet.'
In pre-market trading on NYSE, Knight-Swift shares are up 0.02% percent to $51.94.
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