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Swift Transportation became public again on December 16, 2010, trading on the New York Stock Exchange (NYSE). [19] The company offered 73,300,000 shares at $11.00 per share, raising almost $766 million, with the proceeds used for debt reduction.
In 2017, Knight Transportation merged with Swift Transportation [4] and Knight-Swift Transportation Holdings Inc. was formed to serve as the parent company for both carriers. In 2019, Knight-Swift settled a $100 million class-action lawsuit alleging the company failed to classify 20,000 owner-operator drivers as employees.
Knight-Swift got unhorsed this year, but Barclays thinks its stock could bounce.
Stock name Symbol Country of origin ... Swift Energy Co. SFY: US Swift Transportation: SWFT: US SWS Group, Inc. SWS: US Symetra: SYA: US Symmetry Medical Inc. SMA: US
Knight-Swift (KNX) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.
The 10-second takeaway For the quarter ended Sep. 30 (Q3), Swift Transportation missed slightly on revenues and met expectations on earnings Swift Transportation Increases Sales but Misses Revenue ...
Swift Transportation (NYS: SWFT) reported earnings on Jan. 25. Here are the numbers you need to know. The 10-second takeawayFor the quarter ended Dec. 31 (Q4), Swift Transportation met ...
By the turn of the century, Swift was a billion dollar company. [10] In 2017, Swift and Knight Transportation merged to become known as Knight-Swift. Knight-Swift Transportation is the seventh largest trucking company in the world with $7.5 billion in annual revenue providing hauling and logistics services in the U.S., Canada, and Mexico. [11] [12]