BRIEF-Knight-Swift Transportation Agrees To Acquire U.S. Xpress Enterprises For $6.15 Per Share

Knight-Swift Transportation Holdings Inc: * KNIGHT-SWIFT TRANSPORTATION AGREES TO ACQUIRE U.S. XPRESS ENTERPRISES FOR $6.15 PER SHARE

* KNIGHT-SWIFT TRANSPORTATION HOLDINGS INC - PROPOSED DEAL FOR ENTERPRISE VALUE OF APPROXIMATELY $808 MILLION * KNIGHT-SWIFT TRANSPORTATION - DEAL EXPECTED TO BE ACCRETIVE TO ADJUSTED EARNINGS PER SHARE STARTING IN 2024

* KNIGHT-SWIFT TRANSPORTATION - TARGETING HIGH-80S ADJUSTED OPERATING RATIO BY CALENDAR 2026 FOR CONSOL U.S. XPRESS BUSINESS UNIT * KNIGHT-SWIFT TRANSPORTATION - THROUGH CLOSING, U.S. XPRESS WILL CONTINUE TO BE LED BY ITS CURRENT SENIOR MANAGEMENT

* KNIGHT-SWIFT TRANSPORTATION - AT DEAL CLOSE, MAX FULLER, ERIC FULLER, ERIC PETERSON TO TRANSITION OUT OF EXECUTIVE OFFICER ROLES AT U.S. XPRESS * KNIGHT-SWIFT TRANSPORTATION - JOSH SMITH WILL JOIN U.S. XPRESS AS CFO AFTER DEAL CLOSE Source text for Eikon: Further company coverage: