# Knight-Swift Transportation Holdings Inc.

Summary updated: 2026-10-02T13:07:15.936101Z
Canonical: https://finbar.com/research/companies/knight-swift-transportation-holdings-inc

## Overview

Knight-Swift Transportation Holdings Inc. is a North American freight transportation and logistics company. Its principal businesses are Truckload, less-than-truckload (LTL), Logistics, and Intermodal, with services including dry van, refrigerated, dedicated, brokerage, cross-border, and intermodal transportation. The company operates a nationwide network of business units and terminals in the United States and Mexico, serving customers across North America. [1](https://app.finbar.com/go?id=P28317350)[2](https://app.finbar.com/go?id=P112636353)[3](https://app.finbar.com/go?id=P117606360)[4](https://app.finbar.com/go?id=T11798473)

For the year ended December 31, 2025, Knight-Swift reported revenue of approximately $7.47 billion. The company’s About page describes its workforce as approximately 24,000. [5](https://app.finbar.com/go?id=T4984631)[6](https://knight-swift.com/about/)

Knight-Swift was formed in 2017 through the merger of Knight Transportation and Swift Transportation; Swift traces its history to 1966. The company describes its objective as pursuing industry-leading margins and growth while providing safe, high-quality, cost-effective transportation solutions. [7](https://app.finbar.com/go?id=T4642933)[8](https://app.finbar.com/go?id=T9388766)[1](https://app.finbar.com/go?id=P28317350)
[1](https://app.finbar.com/go?id=P28317350)[2](https://app.finbar.com/go?id=P112636353)[3](https://app.finbar.com/go?id=P117606360)[4](https://app.finbar.com/go?id=T11798473)[5](https://app.finbar.com/go?id=T4984631)[6](https://knight-swift.com/about/)[7](https://app.finbar.com/go?id=T4642933)[8](https://app.finbar.com/go?id=T9388766)[6](https://knight-swift.com/about/)

## Products & services

Knight-Swift’s truckload services move full-trailer shipments directly from origin to destination. Offerings include dry van, refrigerated, drayage, dedicated, expedited and cross-border truckload services; the company also lists flatbed, heavy haul, port and Canada-related services. [9](https://app.finbar.com/go?id=P50825858)[10](https://app.finbar.com/go?id=T12176020)[11](https://knight-swift.com/services/)[12](https://www.knighttrans.com/) In the second quarter of 2026, truckload generated approximately 64.3% of consolidated revenue. [13](https://app.finbar.com/go?id=T16522049)

Its less-than-truckload (LTL) service combines shipments from multiple customers and routes them through service centers for sorting and consolidation. The network is designed to provide regional transit speeds with nationwide coverage; in Q2 2026, reported average length of haul was 701 miles and average shipment weight was 1,060 pounds. [14](https://app.finbar.com/go?id=P21295174)[3](https://app.finbar.com/go?id=P117606360)[15](https://app.finbar.com/go?id=T16522065) LTL accounted for approximately 20.0% of consolidated revenue in that quarter. [13](https://app.finbar.com/go?id=T16522049)

Logistics services match customer freight needs with third-party trucking and rail capacity, including brokerage and freight-management services. Intermodal services use rail-carrier agreements for longer-haul movements and include power-only transportation using Knight-Swift’s trailers. [9](https://app.finbar.com/go?id=P50825858)[10](https://app.finbar.com/go?id=T12176020) Logistics represented approximately 6.7% and intermodal approximately 5.4% of consolidated revenue in Q2 2026. [13](https://app.finbar.com/go?id=T16522049) These approximate shares are calculated from reported segment revenue and consolidated revenue; the company reports segment revenue, rather than these percentages. [13](https://app.finbar.com/go?id=T16522049)
[9](https://app.finbar.com/go?id=P50825858)[10](https://app.finbar.com/go?id=T12176020)[14](https://app.finbar.com/go?id=P21295174)[3](https://app.finbar.com/go?id=P117606360)[15](https://app.finbar.com/go?id=T16522065)[13](https://app.finbar.com/go?id=T16522049)[13](https://app.finbar.com/go?id=T16522049)[11](https://knight-swift.com/services/)[12](https://www.knighttrans.com/)

## Geographic presence

Knight-Swift describes its truckload and logistics service reach as spanning the United States, Mexico, and Canada; its company materials identify a nationwide network of business units and terminals in the United States and Mexico. [6](https://knight-swift.com/about/)[16](https://investor.knight-swift.com/news/news-details/2025/Knight-Swift-Transportation-Holdings-Inc--Endorses-Union-Pacific--Norfolk-Southern-Merger/default.aspx) Its LTL operation reported approximately 180 facilities and a door count of about 6,900 in 2026Q2, and uses partner carriers to provide national customer coverage beyond its direct network. [17](https://app.finbar.com/go?id=P144386294) In FY2025, it reported adding 59 LTL service centers organically and described its aim as completing coverage of the 48 contiguous states. [3](https://app.finbar.com/go?id=P117606360)

The company identifies Phoenix, Arizona, as its corporate headquarters; its report also lists U.S. Xpress headquarters in Chattanooga, Tennessee, and ACT headquarters in Dothan, Alabama. [18](https://app.finbar.com/go?id=P81846442)[19](https://app.finbar.com/go?id=P144385898) Knight-Swift reported 37,100 full-time employees in FY2025 but did not provide a geographic breakdown of employees. [20](https://app.finbar.com/go?id=P44211775) Its FY2025 and 2026Q2 reports do not disclose revenue by country or region; revenue is presented by operating segment. [21](https://app.finbar.com/go?id=P10343451)[22](https://app.finbar.com/go?id=P61513891)
[17](https://app.finbar.com/go?id=P144386294)[3](https://app.finbar.com/go?id=P117606360)[18](https://app.finbar.com/go?id=P81846442)[19](https://app.finbar.com/go?id=P144385898)[20](https://app.finbar.com/go?id=P44211775)[21](https://app.finbar.com/go?id=P10343451)[22](https://app.finbar.com/go?id=P61513891)[6](https://knight-swift.com/about/)[16](https://investor.knight-swift.com/news/news-details/2025/Knight-Swift-Transportation-Holdings-Inc--Endorses-Union-Pacific--Norfolk-Southern-Merger/default.aspx)

## Business segments

Knight-Swift reports four reportable segments: Truckload, LTL, Logistics, and Intermodal. Truckload provides full-truckload transportation; LTL provides less-than-truckload service through a super-regional network; Logistics includes brokerage and specialized logistics solutions; and Intermodal transports freight by rail using company containers and equipment, with drayage between railheads and customer locations. [3](https://app.finbar.com/go?id=P117606360)[23](https://app.finbar.com/go?id=P20414990)[24](https://app.finbar.com/go?id=P48872920)

For the year ended December 31, 2025, approximate shares of consolidated revenue were Truckload 65.2% ($4,865.0 million), LTL 19.8% ($1,478.5 million), Logistics 7.6% ($570.3 million), and Intermodal 4.9% ($364.9 million), based on total revenue of $7,469.7 million. [25](https://app.finbar.com/go?id=T3721855) The segment tables also include All Other Segments, which generated $287.5 million (about 3.8% of revenue), and intersegment eliminations; these are not additional named reportable segments. [19](https://app.finbar.com/go?id=P144385898)[25](https://app.finbar.com/go?id=T3721855)
[3](https://app.finbar.com/go?id=P117606360)[23](https://app.finbar.com/go?id=P20414990)[24](https://app.finbar.com/go?id=P48872920)[25](https://app.finbar.com/go?id=T3721855)[25](https://app.finbar.com/go?id=T3721855)[25](https://app.finbar.com/go?id=T3721855)[25](https://app.finbar.com/go?id=T3721855)[25](https://app.finbar.com/go?id=T3721855)[25](https://app.finbar.com/go?id=T3721855)[19](https://app.finbar.com/go?id=P144385898)

## Company history

Swift Transportation was founded by Jerry Moyes in 1966. Knight Transportation was established in 1990 by cousins Kevin, Keith, Randy, and Gary Knight. [26](https://investor.knight-swift.com/news/news-details/2016/The-American-Dream-is-Realized-and-Revered-on-50th-Anniversary-of-Swift-Transportation/default.aspx) [27](https://www.knighttrans.com/about-us/)

The two carriers announced an all-stock combination in April 2017, and the merger closed on September 8, creating Knight-Swift Transportation Holdings while retaining the Knight and Swift operating brands. [28](https://investor.knight-swift.com/news/news-details/2017/Knight-Transportation-and-Swift-Transportation-Announce-All-Stock-Transaction-with-a-Combined-Enterprise-Value-of-6-Billion/default.aspx) [29](https://investor.knight-swift.com/news/news-details/2017/Knight-Transportation-Inc.-and-Swift-Transportation-Company-Merge-to-Create-North-Americas-Premier-Truckload-Transportation-Company/default.aspx) The company expanded through acquisitions, including Abilene Motor Express in 2018 and less-than-truckload carriers AAA Cooper Transportation and Midwest Motor Express in 2021. [30](https://www.sec.gov/Archives/edgar/data/1492691/000100888618000018/form8k.htm) [31](https://investor.knight-swift.com/news/news-details/2021/Knight-Swift-Transportation-Adds-Less-Than-Truckload-Growth-Platform-Through-Acquisition-of-AAA-Cooper/default.aspx) [32](https://investor.knight-swift.com/news/news-details/2021/Knight-Swift-Expands-Its-Less-Than-Truckload-Footprint-in-15-States-Through-the-Acquisition-of-Midwest-Motor-Express/default.aspx)

Knight-Swift completed its acquisition of U.S. Xpress in July 2023 and acquired the LTL division of Dependable Highway Express in July 2024. [33](https://investor.knight-swift.com/news/news-details/2023/Knight-Swift-Transportation-Closes-Acquisition-of-U.S.-Xpress-Enterprises-and-Provides-Update-on-Market-Conditions/default.aspx) [34](https://investor.knight-swift.com/news/news-details/2024/Knight-Swift-Transportation-Acquires-Regional-LTL-Carrier-Dependable-Highway-Express/) Adam Miller became CEO in February 2024, succeeding David Jackson; in June 2026, co-founder and Executive Chairman Kevin Knight announced his retirement. [35](https://investor.knight-swift.com/news/news-details/2024/Knight-Swift-Transportation-Announces-CEO-Transition-and-New-CFO/default.aspx) [36](https://investor.knight-swift.com/news/news-details/2026/Knight-Swift-Transportation-Holdings-Inc--Announces-Retirement-of-Kevin-Knight/default.aspx)
[26](https://investor.knight-swift.com/news/news-details/2016/The-American-Dream-is-Realized-and-Revered-on-50th-Anniversary-of-Swift-Transportation/default.aspx)[27](https://www.knighttrans.com/about-us/)[28](https://investor.knight-swift.com/news/news-details/2017/Knight-Transportation-and-Swift-Transportation-Announce-All-Stock-Transaction-with-a-Combined-Enterprise-Value-of-6-Billion/default.aspx)[29](https://investor.knight-swift.com/news/news-details/2017/Knight-Transportation-Inc.-and-Swift-Transportation-Company-Merge-to-Create-North-Americas-Premier-Truckload-Transportation-Company/default.aspx)[30](https://www.sec.gov/Archives/edgar/data/1492691/000100888618000018/form8k.htm)[31](https://investor.knight-swift.com/news/news-details/2021/Knight-Swift-Transportation-Adds-Less-Than-Truckload-Growth-Platform-Through-Acquisition-of-AAA-Cooper/default.aspx)[32](https://investor.knight-swift.com/news/news-details/2021/Knight-Swift-Expands-Its-Less-Than-Truckload-Footprint-in-15-States-Through-the-Acquisition-of-Midwest-Motor-Express/default.aspx)[33](https://investor.knight-swift.com/news/news-details/2023/Knight-Swift-Transportation-Closes-Acquisition-of-U.S.-Xpress-Enterprises-and-Provides-Update-on-Market-Conditions/default.aspx)[34](https://investor.knight-swift.com/news/news-details/2024/Knight-Swift-Transportation-Acquires-Regional-LTL-Carrier-Dependable-Highway-Express/)[35](https://investor.knight-swift.com/news/news-details/2024/Knight-Swift-Transportation-Announces-CEO-Transition-and-New-CFO/default.aspx)[36](https://investor.knight-swift.com/news/news-details/2026/Knight-Swift-Transportation-Holdings-Inc--Announces-Retirement-of-Kevin-Knight/default.aspx)

## Sources

1. [Knight-Swift Transportation Holdings Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P28317350)
2. [Knight-Swift Transportation Holdings Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P112636353)
3. [Knight-Swift Transportation Holdings Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P117606360)
4. [Knight-Swift Transportation Holdings Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=T11798473)
5. [Knight-Swift Transportation Holdings Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=T4984631)
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7. [Knight-Swift Transportation Holdings Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=T4642933)
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9. [Knight-Swift Transportation Holdings Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P50825858)
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17. [Knight-Swift Transportation Holdings Inc. — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=P144386294)
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19. [Knight-Swift Transportation Holdings Inc. — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=P144385898)
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32. [investor.knight-swift.com](https://investor.knight-swift.com/news/news-details/2021/Knight-Swift-Expands-Its-Less-Than-Truckload-Footprint-in-15-States-Through-the-Acquisition-of-Midwest-Motor-Express/default.aspx)
33. [investor.knight-swift.com](https://investor.knight-swift.com/news/news-details/2023/Knight-Swift-Transportation-Closes-Acquisition-of-U.S.-Xpress-Enterprises-and-Provides-Update-on-Market-Conditions/default.aspx)
34. [investor.knight-swift.com](https://investor.knight-swift.com/news/news-details/2024/Knight-Swift-Transportation-Acquires-Regional-LTL-Carrier-Dependable-Highway-Express/)
35. [investor.knight-swift.com](https://investor.knight-swift.com/news/news-details/2024/Knight-Swift-Transportation-Announces-CEO-Transition-and-New-CFO/default.aspx)
36. [investor.knight-swift.com](https://investor.knight-swift.com/news/news-details/2026/Knight-Swift-Transportation-Holdings-Inc--Announces-Retirement-of-Kevin-Knight/default.aspx)

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