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 announced a new $350 million stock repurchase plan, replacing the previous $250 million initiative. Since its inception, approximately $207.2 million has been spent on repurchasing shares, with $42.8 million remaining in the terminated plan. The company also declared a quarterly cash dividend of $0.12 per share, payable on June 27, 2022, to shareholders of record by June 10, 2022. The repurchase timing will depend on market conditions and company performance.
Knight-Swift Transportation Holdings Inc. (NYSE:KNX) released its earnings report for the quarter ending March 31, 2022. The company's results will be discussed in a conference call at 4:30 PM EDT today. Investors can access the report and supporting slides on the Knight-Swift investor relations website. More details can be found in the SEC filing on Form 8-K. This indicates the company's ongoing commitment to transparency and communication with shareholders.
Knight-Swift Transportation Holdings Inc. (NYSE: KNX) has updated the timing for its first quarter 2022 earnings release, now scheduled for after market close on April 20, 2022. Following the release, management will hold a conference call at 4:30 p.m. EDT to discuss the results and operations. The earnings release will be accessible on their website, and a Form 8-K will be filed with the SEC. The company cautions that the earnings report may contain forward-looking statements with associated risks and uncertainties.
Knight-Swift Transportation Holdings Inc. (NYSE: KNX) plans to release its first quarter 2022 earnings on April 20, 2022, prior to market opening. The earnings announcement will be submitted via a Form 8-K to the
Knight-Swift Transportation Holdings Inc. (NYSE: KNX) announced participation at two upcoming transportation conferences. Adam Miller, CFO, and Brad Stewart, EVP of Finance, will attend Citi’s 2022 Global Industrials, Technology, and Mobility Conference on February 23, 2022, at the Ritz Carlton in Miami, FL. They will also attend the Barclays Industrial Select Conference on February 24, 2022, at the Loews Miami Beach Hotel. As one of North America's largest freight transportation companies, Knight-Swift provides diverse truckload and logistics services across the U.S. and Mexico.
Knight-Swift Transportation Holdings Inc. (NYSE: KNX) has declared a quarterly cash dividend of $0.12 per share, reflecting a $0.02 increase from the previous $0.10 dividend. This decision is in line with the company's cash dividend policy, subject to Board review based on financial performance. The dividend is payable to stockholders on March 28, 2022, with a record date of March 4, 2022. Knight-Swift operates North America's largest tractor fleet and provides diversified freight transportation and logistics services.
Knight-Swift Transportation Holdings Inc. (NYSE: KNX) announced that President and CEO David Jackson and CFO Adam Miller will participate in the Stifel Virtual Transportation & Logistics Conference on February 8, 2022.
As one of North America's leading freight transportation companies, Knight-Swift provides diverse truckload and logistics services across the U.S. and Mexico. The company operates the largest tractor fleet in the U.S. and collaborates with third-party providers to enhance service offerings.
Knight-Swift Transportation Holdings Inc. (NYSE:KNX) announced its earnings for the quarter ending December 31, 2021. The detailed earnings release is available on their investor relations website and will also be filed with the SEC on Form 8-K. As one of North America's largest and diversified freight transportation companies, Knight-Swift continues to strengthen its market position. Investors can access more information through their official channels.
Knight-Swift Transportation Holdings Inc. (NYSE: KNX) plans to announce its fourth quarter earnings for 2021 on January 26, 2022, before the market opens. The earnings report will be filed via a Form 8-K with the SEC and will be accessible on the Knight-Swift investor website. Investors are cautioned that the earnings release may include forward-looking statements that entail risks and uncertainties. For more details on potential risks, stakeholders are advised to refer to Knight-Swift's past quarterly reports and annual forms.
On December 6, 2021, Knight-Swift Transportation Holdings (NYSE: KNX) announced the acquisition of 100% of RAC MME Holdings and its subsidiaries, including Midwest Motor Express and Midnite Express. The $150 million cash deal is expected to enhance Knight-Swift's national less-than-truckload (LTL) network, generating approximately $137 million in revenue and $27 million in Adjusted EBITDA for MME in 2021. The acquisition aims to drive revenue and cost synergies while maintaining MME's brand identity.
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