Knight-Swift

Knight-Swift Transportation Holdings Inc.
Public
Traded as NYSE: KNX
S&P 400 component
Industry Motor transportation-trucking
Founded

Knight Transportation:
1990 (1990)
Swift Transportation:
1966 (1966)

Knight & Swift Merger:
September 8, 2017 (2017-09-08)
Headquarters Phoenix, Arizona, U.S.
Key people
 Kevin P. Knight
(executive chairman)
Gary J. Knight
(executive vice chairman)
David A. Jackson
(president & CEO)
Adam W. Miller
(CFO)
Products Truckload shipping
Revenue Increase US$ 2.43 billion (2017)
Increase US$ 200.63 million (2017)
Increase US$ 485.43 million (2017)
Total assets Increase US$ 7.68 billion (2017)
Total equity Increase US$ 5.24 billion (2017)
Number of employees
 ~25,400 (2017)
Subsidiaries Swift Transportation
Website KnightTrans.com
Footnotes / references
[1]

Knight-Swift Transportation Holdings Inc. is a publicly traded, American, truckload motor shipping carrier based in Phoenix, Arizona. It was founded in 1990 by four cousins: brothers, Randy and Gary Knight and brothers Kevin and Keith Knight. The four cousins worked for Swift Transportation, also based in Phoenix, and Randy was even a part-owner in Swift when Jerry Moyes bought out his interest. The Moyes family and the Knight family both were raised in Plain City, Utah, before moving to Phoenix in the late 1960s.[2] In 2017, Knight Transportation merged with Swift Transportation.[3]

About

Knight began transporting general commodities from Phoenix, Arizona, to Los Angeles, California. Starting with just a handful of trucks and one service center in Phoenix, Arizona, the company now runs a fleet of over 4,000 tractors and more than 8,700 trailers (dry, refrigerated, and brokerage). Revenues have grown from over 13 million in 1991 to over $866 million in 2011, with operating ratios at or near 80% year after year. They have grown from a few associates to more than 4,000, and from a family-owned business to a publicly held company trading on the New York Stock Exchange (KNX) in 1994.[2] Knight engages in the transportation of general commodities in the United States. It provides asset-based dry van truckload and temperature controlled truckload carrier services primarily to short to medium lengths of haul. The company also offers non-asset-based brokerage services. As of September 24, 2007, the company operates 27 regional dry van service centers, 6 regional temperature controlled service centers, 12 brokerage service centers, and 13 truck and trailer sales locations.

References

  1. ↑ "US SEC: Form 10-K Knight-Swift Transportation Holdings Inc". U.S. Securities and Exchange Commission. Retrieved March 2, 2018.
  2. 1 2 Harris, Craig. - "Knight's Profits On a Roll - Valley-Based Trucking Firm Again Makes 'Forbes' List". - Arizona Republic. - October 30, 2004. - Retrieved: 2008-07-30
  3. ↑ "Truckers Swift and Knight Combine in a Deal Valued Over $5B". 10 April 2017. Retrieved 10 April 2017.
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