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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.
Swift Transportation is a Phoenix, Arizona-based American truckload motor shipping carrier, part of Knight-Swift. With over 23,000 trucks, it is the largest common carrier in the United States. [ 2 ] In 2017, Swift merged with Knight Transportation , also of Phoenix.
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]
Knight-Swift (KNX) is being aided by efficient cost-control measures and enhanced safety procedures. Meanwhile, the company's freight conditions are still weak on a year-over-year basis.
Knight-Swift Transportation Holdings Inc. (KNX) completed the acquisition of AAA Cooper Transportation for an enterprise value of $1.35 billion and will firmly position KNX in the less-than ...
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