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Introduction Knight Transportation – Industry Giant

Knight Transportation, Incorporated is a truck-loading carrier that offers integrated freight transportation along with a multitude of services to their North American customers by associating them with their network of service centers and branches spreading throughout the United States. Knight Transportation aims to meet the needs of its customers and drivers with personal attention and excellent service and beyond while maintaining to strive as one of North Americas largest trucking companies in the industry.

Knight Transportation, also known as Knight – Swift Trucking Company offers a wealth of information about the company, its news, careers, as well as tracking your load on their company website https://www.KnightTrans.com. The company headquarters is located in the same city and state the company was founded in, Phoenix, Arizona. Their company stock symbol KNX represents its specific financial documents that is publicly traded on the New York Stock Exchange (NYSE) platform. In 2018, along with their merger with Swift Transportation, their annual revenue was $5.344B, a 120.33% increase from 2017. After such an enthusiastic year, Knight-Swift Transportation Holdings has been on a steady decline for the last two years.

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After growing up in Plain City, Utah and moving to Phoenix, Arizona in 1960s, in 1990 four cousins who worked for Swift Transportation owned by the Moyes family, brothers Randy and Gary Knight and brothers Kevin and Keith Knight started their own trucking company called Knight Transportation. The cousins wanted to have more of a focus on safety with their driving employees as well as the service for their consumers, while maintaining their advantage of being the lowest cost carrier with first-in-class equipment. They started out only transporting from Phoenix, AZ to Los Angeles, CA. As their company grew over the years, on September 8, 2017, Knight Transportation merged with Swift Transportation. Both trucking companies agreed to a merger in an all-stock contract that would give both companies a combined operational value of $6 billion. Naming the company Knight – Swift Transportation, it will have $5 billion in yearly revenues. The company will keep its headquarters in their currently based hometown of Phoenix, Arizona with 23,000 tractors, 77,000 trailers, and employing 28,000.

Being an industry giant like Knight – Swift Transportation, who meets the in order to be traded on the NYSE, they meet the qualifications that it takes to appear on the listing. The SIC code, which stands for Standard Industrial Classification, is a four-digit number that is used to classify the company’s industry area and type. Knight Transportation, Inc operates primarily in SIC code 4213 for trucking, except local and NAICS code 484121 for general freight trucking and long-distance truckload. Knight Transportation is an average-sized business with a moderate revenue and is well-established within its industry. While holding their position steadily, there are a vast number of competitors within the trucking transportation industry. Knight’s everyday competitors include those such as: 1) J.B. Hunt Transport, Inc. Founded in 1961, this Fortune 500 company specializes in large and small freight shipping to its diverse group of customers throughout the continental United States, Canada and Mexico. 2) Schneider. Schneider is a provider of trucking, intermodal and logistics services that was founded in 1935. 3) Expeditors (Expeditors International of Washington). Expeditors which was founded in 1979, is a logistics and freight forwarding company. 4) Landstar System. Starting in 1988, Landstar System provides integrated transportation management solutions internationally. 5) World Cargo Logistics. In 2000, World Cargo Logistics emerged with a goal of providing the most reliable service-conscious, cost effective with expedited transporting to their customers within the transport industry.

Providing truckload services that include delivering general commodity items via dry van truckload and temperature-controlled truckload, Knight also provides drayage services between ocean ports, rail ramps, and shipping docks. Along with the other services, Knight does rail intermodal services and truckload freight brokerage services. By offering these types of services to their customers, it caused a network expansion which allowed them to be able to transport or arrange for the transportation for their customers. The company transports to some of the most respected companies in America. Having many customers in apparel, footwear and accessories industry, auto and truck manufacturers industry, furniture and fixtures industry, food processing industry, transport and logistics industry, internet, mail order, and online shops industry, department and discount retail industry, home improvement industry, specialty retail industry, and technology retail industry. Their customers are able to access their services nationwide throughout the United States.

A specific service that is produced and sold by Knight Transportation is truckload transportation or delivering services with a full trailer or container loads of freight. Being one of the country’s largest company-owned tractor fleets, as well as having access to multiple fleets of third-party equipment providers, Knight uses their nationwide network of service centers to fill up to capacity levels and incorporate a wide range of solutions to truckload shippers. Knight’s demographics stem from 35 regional operational centers, located mainly within the western, midwestern, and southern United States, loading and transporting cargos of consumer goods, food and beverages, and paper products.

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Introduction Knight Transportation - Industry Giant
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Knight Transportation, Incorporated is a truck-loading carrier that offers integrated freight transportation along with a multitude of services to their North American customers by associating them with their network of service centers and branches spreading throughout the United States. Knight Transportation aims to meet the needs of its customers and drivers with personal attention and excellent service and beyond while maintaining to strive as one of North Americas largest trucking companies
2022-03-21 13:10:33
Introduction Knight Transportation - Industry Giant
$ 13.900 2018-12-31
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