USX:KNX - Knight-Swift Transportation Holdings Inc Knight Transportation Inc
Sector: Industrials, Industry: Trucking
Next Earnings: 18 Apr 2024
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USD 55.02    +1.42 (+2.65%)

28 Mar 2024


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General

CEO: Mr. Kevin P. Knight

IPO: 1994-10-25

Headquarters: US

Employees: 28,100

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Description

Knight-Swift is the largest truckload, or TL, carrier in the U.S., with a diversified transportation offering. Pro forma for the U.S. Xpress deal, about 82% of revenue derives from Knight’s asset-based trucking business, with full-truckload (for-hire dry van, refrigerated, and dedicated contract) making up 69% and LTL at 13%. Truck brokerage and other asset-light logistics services make up 9% of revenue, with intermodal near 6%. Knight's intermodal operations use the Class-I railroads for the underlying movement of its shipping containers and also include drayage (regional trucking services to and from inland intermodal ramps/terminals). The remainder of revenue reflects services offered to shippers and third-party truckers including equipment maintenance and leasing.

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