Welcome to our dedicated page for Knight-Swift Transn Hldgs news (Ticker: KNX), a resource for investors and traders seeking the latest updates and insights on Knight-Swift Transn Hldgs stock.
Knight-Swift Transportation Holdings (KNX) delivers essential freight solutions through its full truckload, logistics, and intermodal services across North America. This dedicated news hub provides investors and industry professionals with centralized access to KNX's official communications and market developments.
Track critical updates including quarterly earnings disclosures, strategic partnerships, fleet expansions, and leadership changes. Our curated collection features press releases covering operational milestones across KNX's trucking divisions, logistics innovations, and intermodal network enhancements.
Key content categories include:
- Financial performance reports
- Service expansion announcements
- Equipment acquisition updates
- Industry recognition and awards
- Operational efficiency initiatives
Bookmark this page for streamlined monitoring of KNX's evolving position in the transportation sector. Combine regular visits with our real-time alerts to maintain informed perspectives on one of North America's largest asset-based carriers.
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.
Knight-Swift Transportation Holdings Inc. (NYSE: KNX) has implemented significant pay increases for drivers and Independent Contractors, effective April 2021. Over-the-road company drivers now earn above $0.50 per mile, with some regions exceeding $0.60. Training students saw pay hikes of 40% and can earn over $60,000 annually. Independent Contractors will receive a contract rate increase of $0.03 to $0.05 per mile. Knight-Swift also invested over $250 million in facility enhancements and $500 million annually in new tractors, aiming to improve drivers' overall experience.
Knight-Swift Transportation Holdings Inc. (NYSE: KNX) will report its Q1 2021 earnings on April 21, 2021, before market opening via a Form 8-K filed with the SEC. The earnings release will be accessible on the Company’s website and through the SEC's site. Investors are advised that the earnings release may include forward-looking statements with inherent risks and uncertainties. Details on potential impacts can be found in Part I, Item 1A., Risk Factors, of Knight-Swift’s Annual Report on Form 10-K for the year ending December 31, 2020.
Knight-Swift Transportation Holdings Inc. (NYSE: KNX) announced a quarterly cash dividend of $0.08 per share, payable to shareholders of record on March 5, 2021, with payment expected on March 26, 2021. This dividend is part of the Company's cash dividend policy approved by its board of directors, contingent on the Company's financial performance. Knight-Swift operates North America's largest tractor fleet, providing diverse truckload transportation and logistics services across the United States and Mexico.
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