Welcome to our dedicated page for Knight-Swift Transportation Holdings news (Ticker: KNX), a resource for investors and traders seeking the latest updates and insights on Knight-Swift Transportation Holdings stock.
Knight-Swift Transportation Holdings Inc., with its subsidiaries, provides comprehensive truckload transportation services across the United States and Mexico. The company operates through three primary segments: Trucking, Logistics, and Intermodal. Within its trucking division, Knight-Swift offers a variety of services including irregular route, dedicated, refrigerated, flatbed, expedited, dry van, drayage, and cross-border transportation of diverse products and materials.
In the logistics sector, the company offers brokerage, freight management, and non-trucking services, leveraging its expertise to provide efficient solutions. The intermodal segment utilizes Class-I railroads for transporting shipping containers, supplementing regional trucking services to and from inland intermodal ramps and terminals. This integrated approach ensures a seamless and efficient logistics chain.
Supporting its core transportation functions, Knight-Swift provides maintenance and repair shop services, warranty and insurance solutions, equipment leasing, and trailer parts manufacturing. The company also runs a driving academy to ensure a steady stream of qualified drivers. Knight-Swift's fleet strength is notable, operating 18,877 tractors, including 16,432 company-owned and 2,445 independent contractor tractors, and 58,315 trailers.
Knight-Swift is the largest truckload carrier in the US, known for its diversified transport offerings. Following the acquisition of US Xpress, around 82% of the company's revenue comes from its asset-based trucking enterprise, with full-truckload services accounting for 69% and less-than-truckload (LTL) for 13%. Truck brokerage and other asset-light logistics services contribute 9%, while intermodal services make up about 6% of the revenue. The company also extends various services to shippers and third-party truckers, including equipment maintenance and leasing.
Recent developments, strategic acquisitions, and ongoing projects reflect Knight-Swift's commitment to growth and operational excellence, making it a significant player in the transportation industry.
Knight-Swift Transportation Holdings (NYSE: KNX) will release its Q2 2024 earnings after market close on July 24, 2024. A live conference call with analysts and investors is scheduled for the same day at 4:30 p.m. EDT to discuss the earnings, operational results, and other matters. Accompanying slides will be available on the company's website just before the call. The earnings release and related documents, including the Form 8-K, will be accessible on the company's and SEC's websites. The public can participate in the call by dialing +1 (800) 717-1738 (Conference ID: 10669). An audio replay will be available on the company's website for at least seven days following the call.
Knight-Swift Transportation Holdings Inc. (NYSE: KNX) has announced a quarterly cash dividend of $0.16 per share of common stock. The dividend is payable to stockholders of record on June 10, 2024, and is expected to be paid on June 24, 2024. Knight-Swift is a major freight transportation company in North America, offering truckload transportation, logistics services, and LTL services.
FAQ
What is the current stock price of Knight-Swift Transportation Holdings (KNX)?
What is the market cap of Knight-Swift Transportation Holdings (KNX)?
What services does Knight-Swift Transportation Holdings offer?
Where does Knight-Swift operate?
How many tractors and trailers does Knight-Swift operate?
What is Knight-Swift's primary revenue source?
What are Knight-Swift's intermodal services?
Does Knight-Swift offer any non-transportation services?
What percentage of revenue does logistics and intermodal services contribute?
Is Knight-Swift the largest truckload carrier in the US?
What is Knight-Swift's recent acquisition?
What support services does Knight-Swift provide to third-party truckers?
