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.
February 5, 2020Knight-Swift
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
John Sommers II for Transport Topics
Swift Logistics to Close Pennsylvania Warehouse
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.
October 30, 2019
Business
A Knight Transportation truck on Interstate 65 in Sellersburg, Ind. (John Sommers II for Transport Topics)
Knight-Swift’s Q3 Net Income Down 29.5% to $74.6 Million
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.
October 23, 2019
Business
A Knight truck and a Swift truck. (John Sommers II for Transport Topics)
Knight-Swift 2Q Earnings, Revenue Decline
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
John Sommers II for Transport Topics
Knight-Swift Transportation Holdings Settles Owner-Operator Lawsuit for $100 Million
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.
March 18, 2019
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, 2018Pages
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