Knight-Swift affiliate AAA Cooper buys former FedEx truck terminal in Phoenix for $30 million

Transaction centers on West Sherman Street industrial terminal

Knight-Swift Transportation Holdings’ less-than-truckload affiliate, AAA Cooper Transportation, has acquired a former FedEx facility in Phoenix for $30 million, expanding the buyer’s local real estate footprint in one of the metro’s core logistics corridors.

The deal closed on February 18, 2026, and involves an industrial terminal property located at 7160 W. Sherman St. The seller was EQT Real Estate, which previously acquired the site from FedEx in 2021 for $24.1 million.

What is known about the facility

Property materials for the address describe a truck-terminal configuration with extensive dock capacity and a large yard area. The site is positioned for regional distribution activity given its location in the western portion of Phoenix and proximity to major highway connections serving the I-10 corridor.

• Address: 7160 W. Sherman St., Phoenix, Arizona
• Purchase price: $30 million
• Buyer: AAA Cooper Transportation (affiliate of Knight-Swift Transportation Holdings)
• Seller: EQT Real Estate
• Prior sale: acquired from FedEx in 2021 for $24.1 million

Why the acquisition matters for operations

For trucking and less-than-truckload networks, terminal locations typically serve as points where freight is consolidated, sorted, and routed to downstream markets. A facility purpose-built for cross-dock activity—characterized by a high count of dock doors and truck circulation space—can support linehaul movements, local pickup-and-delivery operations, and time-sensitive routing.

While the companies have not disclosed operational changes tied to the purchase, the property’s configuration indicates it is suited to high-throughput freight handling, which is central to LTL terminal economics. Acquiring, rather than leasing, such a site can also reduce long-term location risk in supply-constrained industrial submarkets.

Market context: industrial property remains strategically scarce

Phoenix has remained a major Southwestern distribution hub, supported by population growth, interstate access, and proximity to Southern California markets. In that environment, truck terminals and yard-heavy logistics properties tend to be less common than conventional warehouse buildings because they require larger parcels, specialized paving, and favorable zoning—factors that can limit new supply in infill areas.

The transaction highlights continued competition for specialized logistics real estate in the Phoenix metro, where functional terminal sites can be difficult to replace once absorbed by operators.

Company profile and next watch points

Knight-Swift is headquartered in Phoenix and operates as a publicly traded transportation company with trucking and logistics businesses. AAA Cooper operates in the less-than-truckload segment and has been integrated into Knight-Swift’s broader network since its acquisition.

Key items to monitor following the purchase include any permitting activity for site upgrades, changes in staffing or dispatch operations at the address, and whether the facility is positioned as a regional consolidation point or primarily as a local service terminal.