Total Transportation of Mississippi is owned by Knight-Swift Transportation Holdings Inc. (NYSE: KNX), the largest full-truckload carrier in the United States. The Richland, Mississippi carrier joined the Knight-Swift network on July 1, 2023, when Knight-Swift closed its roughly $808 million acquisition of U.S. Xpress Enterprises, Inc., the Chattanooga-based company that had held Total Transportation as a subsidiary.1Knight-Swift Transportation. Knight-Swift Transportation Closes Acquisition of U.S. Xpress Enterprises and Provides Update on Market Conditions
How the Ownership Changed Hands
Total Transportation spent years as a subsidiary of U.S. Xpress, a publicly traded carrier. That arrangement ended with a merger agreement signed on March 20, 2023. Knight-Swift agreed to buy all outstanding U.S. Xpress shares at $6.15 per share, totaling about $324 million in equity, and to assume approximately $484 million in outstanding debt and finance leases. The combined enterprise value came to roughly $808 million, excluding transaction costs and $336 million in operating lease liabilities carved out of that figure.2Knight-Swift Transportation. Knight-Swift Transportation Agrees to Acquire U.S. Xpress Enterprises for $6.15 Per Share
The deal was structured as a reverse triangular merger: a Knight-Swift subsidiary merged into U.S. Xpress, with U.S. Xpress surviving as an indirect wholly owned subsidiary of Knight-Swift.3U.S. Securities and Exchange Commission. US Xpress Enterprises, Inc. – Form 8-K Because of that structure, every entity U.S. Xpress owned, including Total Transportation of Mississippi, transferred into the Knight-Swift corporate family automatically when the deal closed on July 1, 2023.
Who Knight-Swift Is
Knight-Swift operates a network of more than 26,000 trucks and 95,000 trailers through multiple subsidiary brands.4Knight-Swift Transportation. Knight Transportation Equipment – Trucks, Trailers, and Technology The parent company reported total revenue of approximately $7.47 billion for its most recent fiscal year and trades on the New York Stock Exchange under the ticker KNX, with a market capitalization around $10 billion. That scale gives subsidiaries like Total Transportation access to centralized procurement for equipment, fuel, and parts at prices a mid-sized carrier could not negotiate alone.
What Changed for Total Transportation
Total Transportation operates as a wholly owned subsidiary, with Knight-Swift holding 100% of the ownership interest through the U.S. Xpress chain. Even so, the company kept its own branding, fleet identity, and separate legal existence. It still operates under its own USDOT number (434467) and motor carrier authority (MC-239097), and it recruits drivers under its own name.5Federal Motor Carrier Safety Administration. SAFER Web – Company Snapshot – Total Transportation of Mississippi LLC
The separate legal entity creates a liability boundary for Knight-Swift and preserves the brand identity and customer relationships Total Transportation built over more than three decades. Where the parent company’s influence shows up is behind the scenes: centralized procurement for tires and parts, advanced routing and logistics software, and benefits packages that draw on the buying power of a 26,000-truck network.
When the acquisition was announced, President and CEO Craig Savell told employees that Total Transportation would keep its separate operations and would not lay off workers as a result of the deal.6Trucking Dive. US Xpress Subsidiary Will Remain Separate Following Knight-Swift Deal
Who Runs the Company Day to Day
The carrier is headquartered at 125 Riverview Drive in Richland, Mississippi, outside Jackson. It began with three used trucks and grew over more than 30 years into a national truckload carrier specializing in long-haul freight.5Federal Motor Carrier Safety Administration. SAFER Web – Company Snapshot – Total Transportation of Mississippi LLC
Craig Savell serves as President and CEO. His responsibilities include setting the carrier’s long-term market position and directing all senior management.7Total Transportation of Mississippi. Bio Page – Craig Savell Savell is also a past chairman of the Mississippi Trucking Association.8Mississippi Trucking Association. 2025-2026 MTA Board of Directors The Richland leadership team handles dispatch, driver relations, and fleet maintenance, while Knight-Swift’s Phoenix headquarters sets broader financial targets and the compliance framework. Mississippi executives retain significant autonomy over regional strategy and customer relationships.