The largest truckload carrier in the U.S. is using its deep pockets to get even bigger. Knight-Swift Transportation is picking up rival U.S. Xpress in an $808 million deal that adds thousands of trucks and some $2.2 billion in annual operating revenue, along with the task of repairing a business that lagged behind many of its peers during the pandemic-driven boom in freight demand. The WSJ’s Colin Kellaher reports Knight-Swift will pay $6.15 a share for the operator, a fourfold premium on the closing share price on Monday. But the price is only 13% ahead of the 52-week high reached last April. Like other truckers, U.S. Xpress has seen demand stumble since the second half of last year. That has opened a door for Knight-Swift to extend an aggressive acquisition strategy that had been focused on diversifying its business. The diversification effort is taking a back seat for now while Knight-Swift’s core truckload business simply gets bigger.

• Freight forwarder DSV is buying two Arizona-based logistics operators to boost its semiconductor business. (Dow Jones Newswires)
• Trucker ABF Freight will pay $535,000 to settle charges its facilities violated clean-water regulations. (TBP)

European gateways are preparing for a major change next year in how companies operating at ports guard against cyberattacks. European Union regulations for transportation and other critical infrastructure are set to take effect next year. The WSJ’s Catherine Stupp reports the rules will require that firms operating at big ports use basic security measures and report hacks to authorities, the first such demands for many companies that provide services to crucial sectors. The concern over digital attacks has grown since Russia’s invasion of Ukraine. One expert says the rules could simplify oversight for ports because it can be difficult to nudge port-based companies, such as storage providers for oil and goods, terminal operators or logistics firms, to voluntarily adopt cybersecurity protections. The Port of Rotterdam says only a handful of companies come under its cybersecurity jurisdiction, but the number will jump to around 200 when the updated rules take effect.

• U.S. marine terminal operator Enstructure expanded its Gulf Coast business with the acquisition of Richardson Companies. (Splash 247)

Sales of previously-owned homes in the U.S. rose 14.5% from January to February but were off 22.6% from last year. (WSJ)

Corporate bankruptcy filings are up sharply this year, with many filers citing persistent price pressures. (WSJ)

Nike’s quarterly sales jumped 14% as the sportswear supplier worked through its inventory glut. (WSJ)

Chinese authorities say they haven’t determined a cause of the crash of a China Eastern Airlines passenger jet a year ago. (WSJ)

Japanese chip manufacturing equipment maker Tokyo Electron is building a $167 million plant in northeast Japan. (Nikkei Asia)

CMA CGM is considering entering the car-carrier market. (The Loadstar)

Major tanker owners say they don’t plan to order new vessels amid uncertainty over regulations. (Lloyd’s List)

Shell says maritime operators will need about 10,000 hydrogen carriers by 2040 to help meet global climate goals. (TradeWinds)

Canadian Pacific Railway struck a tentative contract agreement with Teamsters-represented maintenance workers. (Railway Age)

European food delivery group Just Eat Takeaway is laying off 1,700 couriers in the U.K. (Financial Times)

Analysts say Lululemon appears to be getting its inventory levels​ under control. (Dow Jones Newswires)

Several Raising Cane’s fast-food chain restaurants in Texas closed temporarily after a supplier suspended deliveries. (San Antonio Express-News)

Paul Page is editor of WSJ Logistics Report. Reach him at paul.page@wsj.com.

Follow the WSJ Logistics Report team: @PaulPage, @bylizyoung and @pdberger. Follow the WSJ Logistics Report on Twitter at @WSJLogistics.