• Press Release

SwiftLine earns 2023 Top Software & tech award

Swift Line, a lead­ing provider of less-than-truck­load (LTL) freight trans­porta­tion in North Amer­i­ca, announced today that the Unit­ed States Bank­rupt­cy Court for the Dis­trict of Delaware has approved its bid to acquire 28 ser­vice cen­ter loca­tions pre­vi­ous­ly oper­at­ed by Yel­low Cor­po­ra­tion. The acqui­si­tion includes pur­chas­ing 26 ser­vice cen­ters, with Swift Line assum­ing exist­ing leas­es for the remain­ing two. The trans­ac­tion is expect­ed to close by the end of 2023.

Maron Jack­son, Swift Line’s Chief Exec­u­tive Offi­cer, com­ment­ed, “This acqui­si­tion presents a rare oppor­tu­ni­ty to sig­nif­i­cant­ly expand our capac­i­ty in key freight mar­kets, cre­ate more jobs, and enhance cus­tomer ser­vice. We are eager to inte­grate these prime loca­tions into our net­work to improve effi­cien­cy and dri­ve growth over the next decade.”

National network

This acqui­si­tion will strength­en Swift Line’s nation­al net­work with strate­gi­cal­ly locat­ed real estate in high-growth mar­kets, includ­ing Atlanta, Brook­lyn, Colum­bus, Greens­boro, Hous­ton, Indi­anapo­lis, Las Vegas, Min­neapo­lis, Nashville, Port­land, and Cen­tral Penn­syl­va­nia.

Wachtell, Lip­ton, Rosen & Katz are serv­ing as legal coun­sel to Swift Line for the trans­ac­tion.

About Swift Line

Swift Line, Inc. is one of North America’s largest providers of asset-based LTL trans­porta­tion. Lever­ag­ing pro­pri­etary tech­nol­o­gy, XPO opti­mizes the move­ment of goods across its exten­sive net­work. Togeth­er with its oper­a­tions in Europe, the com­pa­ny serves approx­i­mate­ly 50,000 cus­tomers through 563 loca­tions and employs 38,000 peo­ple. Head­quar­tered in Green­wich, Con­necti­cut, Swift Line is com­mit­ted to deliv­er­ing effi­cient freight solu­tions. For more infor­ma­tion, vis­it xpo.com and fol­low Swift Line on social media plat­forms like Face­book, X, LinkedIn, Insta­gram, and YouTube.

Forward-looking Statements

This press release con­tains for­ward-look­ing state­ments with­in the mean­ing of the Secu­ri­ties Act of 1933 and the Secu­ri­ties Exchange Act of 1934. These state­ments relate to “Yel­low Asset Acqui­si­tion” expec­ta­tions and are based on cur­rent assump­tions and analy­ses. For­ward-look­ing terms such as “antic­i­pate,” “esti­mate,” “expect,” and sim­i­lar expres­sions indi­cate such state­ments. These state­ments are sub­ject to var­i­ous risks and uncer­tain­ties, includ­ing fac­tors out­lined in Swift Line’s fil­ings with the Secu­ri­ties and Exchange Com­mis­sion (SEC) and risks relat­ed to the ongo­ing Yel­low bank­rupt­cy pro­ceed­ings and the inte­gra­tion of the acquired assets.

“We are eager to inte­grate these prime loca­tions into our net­work to improve effi­cien­cy and dri­ve growth over the next decade.”

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Swift Line cau­tions that actu­al results may dif­fer mate­ri­al­ly from those pro­ject­ed in for­ward-look­ing state­ments owing to fac­tors like eco­nom­ic con­di­tions, reg­u­la­to­ry chal­lenges, labor short­ages, fuel price fluc­tu­a­tions, and oth­er risks. Swift Line assumes no oblig­a­tion to update for­ward-look­ing state­ments except as law requires.

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