Knight-Swift Transportation Holdings Inc.

Knight-Swift Transportation Holdings Inc. is a North American freight transportation company built around truckload, less-than-truckload, logistics, and intermodal services. It moves general commodities across the U.S. and Mexico using company-owned equipment, independent contractors, third-party carriers, and rail partners, with growth driven by both acquisitions and organic expansion.

13,4 %

0,9 %

+0,8 %

0.86

0.86

— Knight-Swift Transportation Holdings Inc.
%
Truckload50% Irregular route, dedicated, refrigerated, expedited, flatbed, and cross-border truckload freight.
LTL20% Less-than-truckload shipments moved through the company's terminal network and service centers.
Logistics8% Brokerage and managed transportation services using third-party carrier capacity.
Intermodal5% Rail-linked container transportation and related drayage services.
All Other Segments17% Smaller operating activities and ancillary freight-related businesses not in reportable segments.

The company serves large shippers that need recurring, time-sensitive freight capacity across broad U.S...

  • Retail and e-commerceprimary

    Buys truckload, LTL, and intermodal capacity for store replenishment and distribution-center flows.

  • Food and beverageprimary

    Uses refrigerated and general freight services for recurring, time-sensitive shipments.

  • Consumer products and paperprimary

    Ships high-volume freight that benefits from network scale and consistent service.

  • Manufacturing and automotivesecondary

    Buys truckload and dedicated services to support plant-to-plant and supplier flows.

  • Transportation and logistics intermediariessecondary

    Uses logistics and brokerage services to source capacity when owned fleets are constrained.

Knight-Swift operates a nationwide network of terminals and business units in the United States and Mexico, and its...

  • •Primary operations are in the United States and Mexico
  • •Cross-border freight is an important part of the truckload mix
  • •Terminal and service-center network supports national coverage
  • •Mexico exposure ties results to border throughput and trade flows
  • •North American freight cycles drive utilization and pricing

The company is focused on combining organic growth with acquisitions to expand service breadth, terminal density, and...

01
Acquire and integrate freight businessesmedium-term

Acquisitions have been a core growth lever for adding terminals, equipment, and customers.

02
Modernize and refresh the fleetshort-term

New tractors and trailers support service quality, utilization, and cost control.

03
Expand LTL and network densitymedium-term

LTL growth diversifies the business away from pure truckload cycles and improves customer stickiness.

04
Improve technology-enabled operating efficiencymedium-term

Routing, tracking, and capacity matching improve asset utilization and customer service.

Knight-Swift is exposed to freight demand swings, pricing pressure, and macroeconomic weakness because most contracts...

high

Freight market cyclicality

Revenue and margins depend on shipper demand, capacity, and pricing conditions that move with the economy.

Scope
Truckload and logistics pricing
Materiality
high
high

Customer volume variability

Typical contracts do not guarantee shipment volumes, so revenue can fluctuate with customer shipping patterns.

Scope
Spot and contract freight
Materiality
high
high

Cybersecurity and data privacy

Operational systems hold shipment, driver, and customer data that could be disrupted or stolen.

Scope
Dispatch, tracking, and customer portals
Materiality
medium
high

Acquisition and goodwill impairment

Growth through acquisitions creates intangible assets that may need impairment if performance weakens.

Scope
Purchased trucking and logistics businesses
Materiality
high
medium

Labor and contractor availability

The business depends on drivers, independent contractors, and non-driver employees to move freight.

Scope
Driver recruitment and retention
Materiality
high
Fuel surcharge presentation
Truckload and LTL reported revenue
Goodwill and intangible assets
Operating income and balance sheet carrying values
Depreciation of tractors and trailers
Operating expenses and capex planning
Claims and insurance reserves
Operating expenses and contingent liabilities

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: 28/04/2026