Knight-Swift CEO says CDL crackdown could fuel lasting trucking recovery
Knight-Swift CEO Adam Miller said more restrictive broker-carrier relationships could reshape competition in trucking by favoring established fleets with stronger safety and compliance records
JACKSONVILLE, Florida — Knight-Swift Transportation has reduced its approved brokerage carrier pool by approximately 70% over the past two years as the trucking giant tightens carrier vetting standards amid growing concerns over cargo theft, highway safety and potential broker liability.
CEO Adam Miller disclosed the reduction Tuesday during his keynote address at the second annual WEX OTR Summit in Jacksonville, Florida, saying the company has become increasingly selective about which motor carriers it allows to transport freight through its brokerage operations.
“We’re down 70% from maybe two years ago,” Miller told attendees. “Because we really vetted the type of carrier that we want.”
Miller’s remarks come as Knight-Swift reports improving truckload market conditions despite relatively weak freight demand.
This story was originally published by FreightWaves. Read the full story at FreightWaves →
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