Knight-Swift Transn Hldgs Inc Stock Price, News & Analysis

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 SEC, and the earnings report will be accessible on the Company’s website. Investors are cautioned that the earnings release might include forward-looking statements that carry inherent risks and uncertainties. For more information on these risks, refer to the Company’s previous quarterly and annual reports.

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.

Knight-Swift Transportation Holdings expects to release its 2021 second quarter earnings on July 21, 2021, before market open. A Form 8-K will be filed with the SEC and the earnings release will be accessible on the Company’s website. Investors are advised to refer to the risk factors in the Company’s Annual Report for potential uncertainties affecting future results.