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) announced on February 1, 2021, the acquisition of a majority stake in Eleos, a software provider based in Greenville, SC. Eleos offers a programmable mobile driver workflow platform that enhances communication between trucking fleets and drivers, boosting profits and satisfaction. Knight-Swift CEO, Dave Jackson, emphasized the platform's valuable contribution to safety and productivity. Eleos CEO, Kevin Survance, expressed trust in Knight-Swift’s leadership, indicating the partnership will strengthen Eleos's position in the transportation industry.
Knight-Swift Transportation Holdings announced that its executives will participate in two upcoming virtual transportation conferences. The Stifel Virtual Transportation & Logistics Conference is scheduled for February 9-10, 2021, and the Barclays Virtual Industrial Select Conference will take place on February 16-17, 2021. Knight-Swift is a leading provider of truckload transportation and logistics services across North America, utilizing a vast fleet and extensive network.
Knight-Swift Transportation Holdings (NYSE:KNX) has released its earnings report for Q4 2020, highlighting its position as North America's largest truckload transportation company. The release is accessible via the investor relations website and will be filed with the SEC on Form 8-K. Key insights about revenue, profit margins, and operational performance will likely impact investor sentiment in the upcoming trading sessions.
On January 8, 2021, Swift Transportation (NYSE: KNX) launched a wrapped truck to honor Truckers Against Trafficking (TAT), showcasing their long-term partnership. The Freightliner Cascadia truck features TAT's logo and a call to action. Swift's Chief Administrative Officer expressed appreciation for TAT's work in combating human trafficking, highlighting Swift's commitment to driver education on the subject. Thousands of drivers have received TAT training through Swift, reinforcing the company's role in raising awareness about human trafficking in the trucking industry.
Knight-Swift Transportation Holdings Inc. (NYSE: KNX) will release its Q4 2020 earnings on January 27, 2021, before market opening. The earnings report will be filed with the SEC via Form 8-K, accessible on the Company’s website and the SEC's website. Investors are advised that the earnings release may include forward-looking statements that carry inherent risks and uncertainties. For details on potential risks impacting future operations, refer to Knight-Swift’s Quarterly Report and Annual Report.
Knight-Swift Transportation Holdings Inc. (NYSE: KNX) has declared a quarterly cash dividend of $0.08 per share, payable to stockholders of record on December 4, 2020, with payment expected on December 28, 2020. This dividend announcement is part of the company's ongoing cash dividend policy, subject to board approval each quarter based on financial performance. Knight-Swift operates North America's largest tractor fleet and provides a variety of truckload transportation and logistics services across the United States and Mexico.
Knight-Swift Transportation Holdings Inc. (NYSE:KNX), North America's largest truckload transportation company, released its earnings report for Q3 2020, covering the period ending September 30, 2020. The earnings release is accessible on their investor relations website and will be submitted to the SEC via Form 8-K. With a solid industry position, the report is anticipated to highlight key financial metrics that may impact investor sentiment.
Knight-Swift Transportation Holdings Inc. (NYSE: KNX) will announce its third quarter earnings for 2020 on October 21, 2020, before market opening. The earnings will be filed via Form 8-K with the SEC and accessible on the Company’s website. This release may feature forward-looking statements that include risks and uncertainties affecting future performance. Investors are advised to refer to the risk factors detailed in prior reports for a comprehensive overview of potential impacts on operating results.