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Knight-Swift Transportation Holdings Inc. - KNX STOCK NEWS

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.

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Knight-Swift Transportation Holdings (NYSE: KNX) will release its Q2 2024 earnings after market close on July 24, 2024. A live conference call with analysts and investors is scheduled for the same day at 4:30 p.m. EDT to discuss the earnings, operational results, and other matters. Accompanying slides will be available on the company's website just before the call. The earnings release and related documents, including the Form 8-K, will be accessible on the company's and SEC's websites. The public can participate in the call by dialing +1 (800) 717-1738 (Conference ID: 10669). An audio replay will be available on the company's website for at least seven days following the call.

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Knight-Swift Transportation Holdings Inc. (NYSE: KNX) has announced a quarterly cash dividend of $0.16 per share of common stock. The dividend is payable to stockholders of record on June 10, 2024, and is expected to be paid on June 24, 2024. Knight-Swift is a major freight transportation company in North America, offering truckload transportation, logistics services, and LTL services.

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Knight-Swift Transportation Holdings Inc. (KNX) has announced its earnings for the first quarter of 2024. The company, a major player in North America's freight transportation sector, shared the results for the quarter ended March 31, 2024. The earnings release can be accessed on the Knight-Swift investor relations website and will be filed with the SEC on a Form 8-K. A conference call is scheduled to discuss the quarterly results further. Details about the call, including the dial-in number and presentation slides, are available on the company's investor relations website.
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Knight-Swift Transportation Holdings Inc. updates its first and second-quarter earnings guidance for 2024, with Adjusted EPS for Q1 expected to range from $0.11 to $0.12 due to challenges in the full truckload industry and weather disruptions. The company anticipates Adjusted EPS for Q2 to range from $0.26 to $0.30, reflecting ongoing market challenges and operational performance across various segments.
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Knight-Swift Transportation Holdings Inc. executives to participate in Bank of America Securities Transportation Conference on May 16, 2024.
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Knight-Swift Transportation Holdings Inc. (KNX) is set to release its 2024 first-quarter earnings on April 24, 2024. The company will host a live conference call to discuss the results and other matters. Investors can access the presentation and earnings release on the company's website and SEC website.
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Knight-Swift Transportation Holdings, Inc. (NYSE: KNX) announces the promotion of Adam Miller to Chief Executive Officer and Andrew Hess to Chief Financial Officer. David Jackson steps down after a successful tenure. Executive Chairman, Kevin P. Knight, praises Miller's experience and leadership qualities, highlighting Hess's readiness for the CFO role.
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Knight-Swift Transportation Holdings Inc. (NYSE: KNX) has announced a 14% increase in its quarterly cash dividend, now at $0.16 per share of common stock. The company has raised its dividend five times in the past five years, totaling a 167% overall increase. The dividend is payable to stockholders of record on March 8, 2024, and is expected to be paid on March 25, 2024. Knight-Swift is a leading freight transportation company in North America, providing truckload transportation, logistics, and LTL services.
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Knight-Swift Transportation Holdings Inc. (KNX) has released its earnings for the quarter ended December 31, 2023, available on their investor relations website. The company will hold a conference call to discuss the results, with slides available for download. President and CEO David A. Jackson and CFO Adam W. Miller can be contacted for further information.
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Knight-Swift Transportation Holdings Inc. (NYSE: KNX) expects to release its 2023 fourth quarter earnings after market close on Wednesday, January 24, 2024. Additionally, Knight-Swift will host a live conference call with analysts and investors on the same day at 4:30 p.m. EST to discuss the earnings release and other matters. The presentation slides and earnings release will be available on the Company’s website and the SEC website. The public can listen to the conference telephonically and an audio replay will be posted on the Company’s website.
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FAQ

What services does Knight-Swift Transportation Holdings offer?

Knight-Swift offers truckload transportation, logistics, intermodal, equipment leasing, maintenance, and driver training services.

Where does Knight-Swift operate?

Knight-Swift operates throughout the United States and Mexico.

How many tractors and trailers does Knight-Swift operate?

The company operates 18,877 tractors and 58,315 trailers.

What is Knight-Swift's primary revenue source?

Approximately 82% of Knight-Swift's revenue comes from its asset-based trucking business.

What are Knight-Swift's intermodal services?

Knight-Swift's intermodal services include using Class-I railroads for container transport and offering regional trucking services.

Does Knight-Swift offer any non-transportation services?

Yes, Knight-Swift provides repair and maintenance, warranty, insurance, equipment leasing, and driver training services.

What percentage of revenue does logistics and intermodal services contribute?

Logistics services contribute 9% and intermodal services about 6% of Knight-Swift's revenue.

Is Knight-Swift the largest truckload carrier in the US?

Yes, Knight-Swift is the largest truckload carrier in the United States.

What is Knight-Swift's recent acquisition?

Knight-Swift recently acquired US Xpress, bolstering its trucking segment.

What support services does Knight-Swift provide to third-party truckers?

Knight-Swift offers equipment maintenance, leasing, and other supportive services to shippers and third-party truckers.

Knight-Swift Transportation Holdings Inc.

NYSE:KNX

KNX Rankings

KNX Stock Data

8.06B
161.61M
3.14%
94.99%
3.36%
General Freight Trucking, Long-Distance, Truckload
Transportation and Warehousing
Link
United States of America
PHOENIX