Switzer-Carty Tentatively Approved to Acquire Agnes Motor Carrier Fleet
Published Date: 8/26/2026
Notice
Summary
On July 27, 2026, Switzer-Carty Transportation US, Inc. (SCT- US), a noncarrier, together with its shareholders (collectively, Applicants), none of which are federally regulated carriers, filed an application to acquire control of Agnes Corporation (Agnes), a noncarrier that serves as a holding company for several interstate passenger motor carriers. Agnes is owned and controlled by eight individuals (collectively, Sellers). The Board is tentatively approving and authorizing the transaction. If no opposing comments are timely filed, this notice will be the final Board action.
Analyzed Economic Effects
4 provisions identified: 3 benefits, 1 costs, 0 mixed.
School Bus Service Continuity Promised
Applicants say Agnes' subsidiaries serve about ten school districts and schools/universities in Minnesota and one school district in Iowa, operate about 330 school buses out of a 375-vehicle fleet, and employ about 410 drivers. They state the current school bus and related services will continue under the same names for the foreseeable future.
Employees Expected to Keep Jobs and Benefits
Applicants state Agnes and its subsidiaries currently employ about 410 drivers and that they do not expect a measurable reduction in force or changes to compensation levels or benefits after the acquisition. Key Agnes management personnel are expected to remain employed.
Board Tentatively Approves Acquisition
The Surface Transportation Board has tentatively approved Switzer-Carty Transportation US, Inc.'s acquisition of Agnes Corporation. If no opposing comments are filed by October 13, 2026, this notice will take effect on October 14, 2026 and become the final Board action.
Acquisition Will Increase Fixed Charges
Applicants concede the transaction will increase fixed charges in the form of higher interest expenses because funds will be borrowed to finance the acquisition. They state they do not expect that higher fixed charges will affect the provision of transportation to the public.
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