Knight-Swift

Business

Knight-Swift Sees Profit, Revenue Fall for Q4, Year

Knight-Swift Transportation John Sommers II for Transport Topics

Knight-Swift Transportation Holdings Inc. saw earnings and revenue fall in the fourth quarter as it faced greater competition and an oversupply of truckload capacity in its key market.

Jerry Hirsch | Contributing Writer
February 5, 2020
Business

Knight-Swift Slashes Q4 Earnings Per Share Forecast

Knight-Swift Transportation Holdings Inc. has cut its expectations for fourth-quarter adjusted earnings per share to 50 cents to 52 cents compared with the previously announced expectation of 62 cents to 65 cents.

December 20, 2019
Business, Logistics, Top 100, TCA

Swift Logistics to Close Pennsylvania Warehouse

Knight and Swift trucks John Sommers II for Transport Topics

Swift Logistics will close its warehouse in Springettsbury Township, Pa., on Dec. 31, and 56 employees will be laid off.

Daniel Urie | Pennlive.com
October 30, 2019
Business

Knight-Swift’s Q3 Net Income Down 29.5% to $74.6 Million

A Knight Transportation truck A Knight Transportation truck on Interstate 65 in Sellersburg, Ind. (John Sommers II for Transport Topics)

Knight-Swift Transportation Holdings Inc. officials reported $74.6 million in net income for the quarter ended Sept. 30, a decrease of 29.5% from $105.9 million in the same period a year before, according to an Oct. 23 earnings news release.

Jim Stinson | Staff Reporter
October 23, 2019
Business

Knight-Swift 2Q Earnings, Revenue Decline

Knight-Swift A Knight truck and a Swift truck. (John Sommers II for Transport Topics)

Knight-Swift Transportation Holdings, North America’s largest truckload transportation company, reported second-quarter declines in net income and revenue amid 2019’s softer freight environment.

July 24, 2019
Business, Logistics

Knight-Swift Transportation Holdings Settles Owner-Operator Lawsuit for $100 Million

Swift truck on highway John Sommers II for Transport Topics

Knight-Swift Transportation Holdings Inc. has agreed to pay a $100 million settlement to an estimated 20,000 owner-operator truck drivers who alleged in a federal class-action lawsuit filed in 2009 that they were misclassified as independent contractors and not paid the legally required minimum hourly wage.

Eric Miller | Senior Reporter
March 18, 2019
Business, Logistics, Top 100

Knight-Swift Transportation Holdings Reports Profit Gains in 4Q

Knight and Swift trucks John Sommers II for Transport Topics

Knight-Swift Transportation Holdings reported higher profits and revenue in the fourth quarter of 2018 with improvement noted across all of its business units.

Daniel P. Bearth | Senior Staff Writer
January 29, 2019
Business, Logistics, Top 100

Knight-Swift Says 3Q Results Reflect ‘Progress’ in All Segments

Knight and Swift trucks John Sommers II for Transport Topics

Knight-Swift Transportation Holdings beat analysts’ profit projections in the third quarter as cost-cutting measures implemented after the acquisition of Swift Transportation in September 2017 compensated for slower-than-expected growth in revenue.

Daniel P. Bearth | Staff Writer
October 24, 2018
Business, Logistics

Knight-Swift Shares Tumble Most in Four Years Amid Driver Shortage

John Sommers II for Transport Topics

Knight-Swift Transportation Holdings Inc. lost almost a fifth of its market value July 26, marking the biggest drop in four years, after sales fell because of a lack of drivers.

Thomas Black | Bloomberg News
July 26, 2018
Business, Equipment, Logistics

Knight-Swift Sees Steady Revenue Rise as Merger Efforts Continue

Knight Transportation and Swift Transportation cabs Knight Transportation completed its acquisition of Swift Transportation last September. (TT File Photo)

Knight-Swift Transportation Holdings reported greater second-quarter revenue and improved income across most of its divisions as it continued the coordination of the two firms after their merger last September.

Burney Simpson | Staff Reporter
July 25, 2018

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