![]() ![]() Fortunately, after several rounds of consolidation, this is starting to change. M&A is a way to eliminate these troublemakers but low barriers to entry mean that new ones emerge on a steady basis. Survival at the expense of bottom line has been the defining paradigm for most mid-sized carriers. ![]() Too many operators are out there on the roads, competing for any business they can get regardless of profitability - especially in the less-than-truckload segment. Because it is still too fragmented, the U.S. But shipments come of all sizes, and not all customers are as prodigal as Wal Mart's - Knight-Swift's largest customer, accounting for 15% of revenue. ![]()
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