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) has announced that its President and CEO, David Jackson, along with Treasurer and Senior VP of Investor Relations, Brad Stewart, will participate in the upcoming Bank of America Transportation, Airlines, and Industrials Conference on May 18, 2023. The event will be held at the Bank of America Conference Center in Boston, MA.
Knight-Swift is recognized as one of North America's largest freight transportation companies, offering a variety of truckload and logistics services, and operates the country’s largest tractor fleet. The company maintains a vast network of terminals across the United States and Mexico, serving diverse customer needs in the transportation industry.
Knight-Swift Transportation Holdings Inc. (NYSE: KNX) has announced its earnings for the first quarter ended March 31, 2023. The detailed results are accessible on the company's investor relations website and will be filed with the SEC on Form 8-K. A conference call to discuss the results is scheduled for 4:30 PM EDT today, with a dial-in number provided. Presentation slides will be available for download prior to the call. The company is recognized as one of North America's largest and most diversified freight transportation entities.
Knight-Swift Transportation Holdings Inc. (NYSE: KNX) is scheduled to release its Q1 2023 earnings on April 20, 2023, after market close. A conference call for analysts and investors will be held the same day at 4:30 p.m. EDT, discussing the earnings release and operational results. The earnings release and accompanying slides will be accessible on the Company’s website. Investors are advised to review the Risk Factors in the company's Annual Report for potential uncertainties surrounding future results. A replay of the conference call will also be available for seven days post-event.
Knight-Swift Transportation Holdings (NYSE: KNX) has announced its plan to acquire U.S. Xpress Enterprises (NYSE: USX) for approximately $808 million. The acquisition, unanimously approved by both companies' boards, aims to boost Knight-Swift's revenue by nearly 30%. U.S. Xpress shareholders will receive a 310% premium over the stock's closing price from March 20, 2023. Knight-Swift expects to enhance operational efficiencies and achieve a high-80s adjusted operating ratio by 2026. The deal is anticipated to close in late Q2 or early Q3 2023, subject to customary conditions and regulatory approvals.
Knight-Swift Transportation Holdings Inc. (NYSE: KNX) has appointed Jessica Powell to its Board of Directors, effective immediately, with her term subject to annual election. Ms. Powell, currently Associate General Counsel at California Closet Company, brings extensive expertise in legal and regulatory matters to her new role.
Additionally, the Board has declared a quarterly cash dividend of $0.14 per share, marking a $0.02 increase from the previous $0.12. The dividend is payable to stockholders on March 27, 2023, for those on record by March 3, 2023.
Knight-Swift Transportation Holdings Inc. (NYSE: KNX) announced the participation of key executives in several upcoming transportation conferences. The events include:
- Stifel Transportation & Logistics Conference on February 7, 2023, in Amelia Island, FL.
- Citi’s Global Industrial Tech and Mobility Conference on February 21, 2023, in Miami, FL.
- Barclays Industrial Select Conference on February 22, 2023, in Miami Beach, FL.
This highlights Knight-Swift's ongoing commitment to engaging with industry stakeholders and presenting their business strategies.
Knight-Swift Transportation Holdings Inc. (NYSE:KNX) has announced its earnings for the quarter ended December 31, 2022. The detailed report is accessible on the company's investor relations website and will be filed with the SEC on Form 8-K. A conference call is scheduled for 4:30 PM EST today to discuss the earnings results, with the dial-in number provided for attendees. Accompanying presentation slides will also be available for download prior to the call.
Knight-Swift Transportation Holdings (NYSE: KNX) announced a change in the timing for its fourth quarter 2022 earnings release, now scheduled for January 26, 2023, after market close. The Company will conduct a live conference call on the same day at 4:30 p.m. EST for analysts and investors to discuss the results and operations. Interested participants can join the call by dialing +1 (888) 886-7786 (Conference ID: 75606529). The earnings release and accompanying presentation will be available on the Company’s website and via SEC's website. As noted, the earnings report may contain forward-looking statements with inherent risks.
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?
