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

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.

On June 1, 2021, Knight-Swift Transportation (NYSE: KNX) acquired 100% of UTXL, a Kansas City-based third-party logistics company, for approximately $22.5 million. UTXL reported over $100 million in operating revenue last year, with an operating ratio in the low-90s. The deal includes an escrow portion for indemnification, working capital adjustments, and potential deferred payments. Knight-Swift aims to enhance its service offerings through UTXL's customer-specific solutions and plans to support its brand while leveraging technology for operational synergies.

Knight-Swift Transportation Holdings (NYSE: KNX) announced that key executives, including David Jackson, President and CEO, and Adam Miller, CFO, will participate in the KeyBanc Capital Markets Industrials and Basic Materials Virtual Conference from June 1-3, 2021. Knight-Swift is a leader in truckload transportation and logistics, operating the largest tractor fleet in the U.S. and providing diverse truckload services across North America. This participation reflects their commitment to engaging with investors and stakeholders.

Knight-Swift Transportation Holdings Inc. (NYSE:KNX) has released its earnings for Q1 2021, showing its continued dominance in North America’s truckload transportation sector. The earnings report is available on the company's investor relations website and will also be submitted to the SEC as a Form 8-K. Details regarding revenue, net income, and operational metrics were not disclosed in the press release.

Knight-Swift Transportation Holdings Inc. (NYSE: KNX) has declared a quarterly cash dividend of $0.10 per share, up by $0.02 from the previous $0.08. This dividend reflects the company's financial stability and is based on a policy approved by the board. The dividend will be payable to stockholders of record on June 4, 2021, with an expected payment date of June 28, 2021. Knight-Swift operates the largest tractor fleet in North America and offers extensive transportation and logistics services.