Knight-Swift (KNX) Acquires Daseke (DSKE) in All-Stock Deal Valued at $1.4 Billion

Knight-Swift Transportation (KNX) has acquired Daseke (DSKE) in an all-stock transaction valued at approximately $1.4 billion, effective January 21, 2026. The move consolidates two major players in the U.S. flatbed and specialized freight sectors, enhancing Knight-Swift’s reach in niche trucking markets. Under the agreement, Daseke shareholders will receive 0.38 shares of KNX stock for each DSKE share owned, representing a premium of about 12% based on the 30-day volume-weighted average price. The deal is expected to generate $75 million in annual synergies within three years, primarily through fleet optimization and administrative cost reductions. Daseke will operate as a subsidiary under Knight-Swift, retaining its brand and management team headquartered in Addison, Texas. The combined company now operates over 28,000 tractors and 70,000 trailers across North America. Shares of KNX fell 1.8% in after-hours trading, while DSKE surged 9.2% ahead of the close.