Knight-Swift Transportation Holdings Inc.: management transactions · United States · SEC (Form 4)

About Knight-Swift Transportation Holdings Inc.

Knight-Swift Transportation Holdings Inc. (NYSE: KNX) is one of the largest U.S.-listed transportation and logistics companies in the United States, headquartered in Phoenix, Arizona. The company was created in 2017 through the merger of Knight Transportation and Swift Transportation, but its operating heritage reaches back much further: Knight Transportation was founded in 1990, while Swift grew into a major North American truckload carrier over the decades. For international investors, KNX represents a scaled freight platform with a long operating history, a broad service footprint, and a business model shaped by industry consolidation. Knight-Swift’s core business is built around truckload transportation, supported by multiple complementary service lines. The company operates full-truckload networks across dry van, flatbed, refrigerated and specialized freight categories. In addition to asset-based trucking, it runs logistics operations that are more asset-light and help match freight demand with carrier capacity. The group also participates in intermodal transportation and related services, allowing it to offer a more integrated transportation solution across parts of the North American supply chain. This mix of asset-based and brokerage/logistics capabilities gives the company broader reach than a pure truckload operator. From a competitive standpoint, Knight-Swift is positioned as a national-scale carrier with meaningful density, terminal coverage and customer relationships. Its scale matters in a fragmented industry where operating leverage, service reliability, network optimization and disciplined capital allocation can drive relative performance. The company’s geographic presence is concentrated in the United States, but it also serves Mexico and cross-border North American lanes, which broadens its market exposure and strengthens its role in freight flows tied to manufacturing, retail and industrial supply chains. Recent company developments have reinforced the diversification strategy. Knight-Swift has pursued growth through acquisitions, including U.S. Xpress in 2023 and other transportation/logistics additions such as LTL-related expansion. Its 2025 annual report emphasizes network expansion, customer relationship depth, and service breadth as key strategic priorities. The company also highlighted continued investment in its operating platform and the benefits of combining truckload, logistics and intermodal capabilities. Like other cyclical transport names, KNX remains exposed to freight demand, industrial activity, fuel costs and broader U.S. economic conditions. Overall, Knight-Swift is best viewed as a scaled, diversified freight platform rather than a single-service carrier. Its listing on the NYSE in the United States, its national footprint, and its ongoing acquisition-led expansion make it a core reference name in North American transportation and logistics.