Knight-Swift

Knight-Swift Transportation Holdings Inc. (referred to as Knight-Swift) is a publicly traded, American, truckload motor shipping carrier based in Phoenix, Arizona. It is the largest trucking company in the United States.[2]

Knight-Swift Transportation Holdings Inc.
TypePublic
NYSE: KNX
S&P 400 component
IndustryMotor transportation-trucking
FoundedKnight Transportation:
1990 (1990)

Swift Transportation:
1966 (1966)

Knight & Swift Merger:
September 8, 2017 (2017-09-08)
HeadquartersPhoenix, 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)
ProductsTruckload shipping
Revenue US$ 2.43 billion (2017)
US$ 200.63 million (2017)
US$ 485.43 million (2017)
Total assets US$ 7.68 billion (2017)
Total equity US$ 5.24 billion (2017)
Number of employees
~25,400 (2017)
SubsidiariesSwift Transportation
WebsiteKnightTrans.com
Footnotes / references
[1]

History

Knight Transportation 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.[3] In 2017, Knight Transportation merged with Swift Transportation.[4]

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.[3]

Business

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. "It's Official and Knight-Swift is the Largest Trucking Company in the US". careersingear.com. 2018-09-27. Retrieved 2018-11-27.
  3. 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
  4. "Truckers Swift and Knight Combine in a Deal Valued Over $5B". 10 April 2017. Retrieved 10 April 2017.
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