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Knight Transportation acquisition could be significant, says RW Baird

Baird believes the Knight Transportation (KNX) acquisition proposal of USA Truck (USAK) could be significant citing both the potential accretion and the consolidation potential in the trucking industry.. The firm believes the industry could be near an inflection point as expectations for improved pricing fundamentals in 2014 would be an important catalyst for the group. Shares of Knight are Neutral rated.