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Raw inputs
Equipment
Foundry
Chip design
Software
AI demand
—
Company details
Market cap
$10.4B
P/E (fwd)
28×
Div yield
1.25%
EPS (2024)
$0.73
Operating ratio
~97%
Rev. growth
+1%
Revenue
$7.5B
Fleet
~26k tractors
In plain English
Knight-Swift is North America's largest full-truckload carrier — a ~26,000-tractor fleet that hauls freight for shippers across the continent under the Knight, Swift and U.S. Xpress brands. Formed by the 2017 merger of Knight Transportation and Swift, it has since bolted on a national less-than-truckload (LTL) network through a string of acquisitions, and rounds out its offering with brokerage, intermodal and insurance. It is a scale-and-cost operator in a deeply cyclical business: FY2024 revenue was $7.4B but net margin was thin (~2%) as a prolonged freight recession squeezed rates.
In simple terms
What Knight-Swift Transportation Holdings Inc. really sells
Knight-Swift is North America's largest full-truckload carrier — a ~26,000-tractor fleet that hauls freight for shippers across the continent under the Knight, Swift and U.S. Xpress brands. Formed by the 2017 merger of Knight Transportation and Swift, it has since bolted on a national less-than-truckload (LTL) network through a string of acquisitions, and rounds out its offering with brokerage, intermodal and insurance. It is a scale-and-cost operator in a deeply cyclical business: FY2024 revenue was $7.4B but net margin was thin (~2%) as a prolonged freight recession squeezed rates.
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