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 Inc. (NYSE: KNX) has announced that its President and CEO, David Jackson, along with CFO Adam Miller and EVP of Finance Brad Stewart, will attend the Stephens Annual Investment Conference on December 1, 2021, in Nashville, TN. Knight-Swift is one of North America's largest freight transportation companies, offering truckload and logistics services, including LTL services initiated in July 2021. The announcement emphasizes the company's expansive operations across the U.S. and Mexico, utilizing a vast tractor fleet and independent contractor collaborations.
Knight-Swift Transportation Holdings Inc. (NYSE: KNX) announced the appointment of Louis Hobson to its Board of Directors, effective immediately. Hobson will serve until the 2022 annual meeting, also joining the Audit Committee and Nominating and Corporate Governance Committee. He brings extensive experience from Chubb and National Flood Services. Additionally, the Board declared a quarterly cash dividend of $0.10 per share, payable to stockholders on December 27, 2021, with a record date of December 3, 2021. Future dividends depend on the Company’s financial performance.
Knight-Swift Transportation Holdings (NYSE:KNX) has released its earnings report for the quarter ending September 30, 2021. The report is accessible on their investor relations website and will be submitted to the SEC via Form 8-K. This earnings release provides key financial data and insights into the performance of North America’s largest truckload transportation company.
Knight-Swift Transportation Holdings (NYSE: KNX) expands its fleet management capabilities by selecting Zonar as its preferred provider, deploying solutions across 17,000 trucks by Q4 2021. Zonar, known for its innovation and safety commitment, integrates with Eleos Technologies to enhance driver experience through streamlined workflows and advanced features. This partnership reinforces Knight-Swift's focus on safety and operational efficiency, leveraging Zonar's technology which has been in use since Knight's pre-merger days.
AAA Cooper Transportation, a subsidiary of Knight-Swift Transportation Holdings (NYSE: KNX), will open a new LTL service center in St. Louis, MO this fall. This expansion will enhance service capacity across a 15-state network, reaching 80% of the Illinois market. The new facility follows recent investments in Dallas and Indianapolis and represents the first expansion since the acquisition of AAA Cooper in July 2021. St. Louis is a key location due to its significant inland port operations and railroad hub services.
Knight-Swift Transportation Holdings Inc. (NYSE: KNX) will release its 2021 third quarter earnings on October 20, 2021, before market open. A Form 8-K will be filed with the
Knight-Swift Transportation Holdings (NYSE:KNX) has launched Iron Truck Services to provide cost-effective solutions for transportation carriers. This new initiative offers essential services such as insurance, equipment maintenance, fuel purchasing, and truck sales and rentals. By leveraging the scale of Knight-Swift, Iron Truck Services aims to reduce operational costs for small carriers. The offerings include Iron Insurance, a free Fuel Program, Iron Maintenance, and Truck Sales & Rentals, designed to make wholesale prices accessible to all trucking businesses.
Knight-Swift Transportation Holdings (NYSE: KNX) has declared a quarterly cash dividend of $0.10 per share, payable on September 27, 2021 to stockholders of record as of September 3, 2021. This dividend is part of a policy approved by the board, with future dividends dependent on financial performance assessments. Knight-Swift is a leading diversified freight transportation company, leveraging a nationwide network to provide various logistics services. However, future dividends are not guaranteed and depend on management's assessment of cash flow, legal compliance, and other factors.
Knight-Swift Transportation Holdings (NYSE:KNX) has released its earnings report for Q2 2021, covering the period ended June 30. The report is accessible via the company’s investor relations website and will be submitted to the SEC on Form 8-K. As North America’s largest truckload transportation company, Knight-Swift continues to lead the industry with its extensive service offerings.
Knight-Swift Transportation (NYSE: KNX) announced the acquisition of AAA Cooper Transportation for $1.35 billion, comprising $1.3 billion in cash, $10 million in Knight-Swift shares, and $40 million in assumed debt. The acquisition is expected to be immediately accretive to Knight-Swift’s Adjusted EPS and positions it as a significant player in the less-than-truckload (LTL) sector. AAA Cooper, generating approximately $780 million in revenue and $140 million in EBITDA for 2021, will continue operating independently under its brand while leveraging synergies with Knight-Swift.
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