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.
March 18, 2019Knight-Swift
Business, Logistics
John Sommers II for Transport Topics
Knight-Swift Transportation Holdings Settles Owner-Operator Lawsuit for $100 Million
John Sommers II for Transport Topics
Business, Logistics, Top 100
John Sommers II for Transport Topics
Knight-Swift Transportation Holdings Reports Profit Gains in 4Q
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.
January 29, 2019
Business, Logistics, Top 100
John Sommers II for Transport Topics
Knight-Swift Says 3Q Results Reflect ‘Progress’ in All Segments
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.
October 24, 2018
Business, Logistics
John Sommers II for Transport Topics
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.
July 26, 2018
Business, Equipment, Logistics
Knight Transportation completed its acquisition of Swift Transportation last September. (TT File Photo)
Knight-Swift Sees Steady Revenue Rise as Merger Efforts Continue
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.
July 25, 2018
Business, Top 100
John Sommers II for Transport Topics
Knight-Swift Reports ‘Progress’ With Merger, Sees Challenges in Getting Enough Drivers
John Sommers II for Transport Topics
The holding company for Knight Transportation and Swift Transportation reported results for the first quarter of 2018 that reflect “progress” in achieving cost savings for the combined enterprise but also difficulty in finding enough drivers to meet increasing demand for service.
April 25, 2018
Business
Strong 4Q Results for the New Knight-Swift
Knight-Swift Transportation reported results for its first full quarter as a single firm Jan. 30 since Knight and Swift closed on their $6 billion merger in September to become one of the largest full truckload carriers.
January 30, 2018