Swift Transportation, a subsidiary of Knight-Swift Transportation Holdings Inc., Originated and is based in Phoenix, Arizona, and operates a tractor fleet of approximately 15,000 units driven by company and owner-operator drivers. Find Owner Operator Jobs . We’ve converted some our fleet to propane-fueled vans, and now run our trips on clean-burning propane, making us the “green” choice for all your transportation in the Worcester and Boston areas. The region’s transportation infrastructure ‐ consisting of highways, railroads, port, airport and public transit systems ‐ is unique for a mid‐sized city. Are … Combined, the four Knight family members had more than 80 years of experience in the trucking industry when they started Knight Transportation. Randy Knight's departure was prompted by his perception that his professional progression at Swift Transportation was limited. 3.1 ★ 436 Reviews. Visit our website today! With a national network of regional terminals in place, Knight Transportation promised to figure prominently in the trucking industry's future. With their previous work experience at Swift Transportation and … We have a program and individuals to support your career path of owning your business, Parts and fuel discounts with the stability of consistent freight. Between 1991 and 1996, the company's revenue increased at an annual compound rate of 43 percent, a growth rate eclipsed by its increases in profits. After completing high school, Randy, Gary, Keith, and Kevin joined a trucking company named Swift Transportation Co., a firm that factored as a major player in the industry during Knight Transportation's celebrated rise. The four cousins worked for Swift Transportation, also based in Phoenix, and Randy was even a part-owner in Swift when Jerry Moyes bought out his interest. Randy Knight was forced to wait for his destiny, however. The Knight family's objective from the outset, however, was to make Knight Transportation one of the leading companies in the industry, a goal to be achieved only if the company expanded beyond its core markets. The four cousins worked for Swift Transportation, also based in Phoenix, and Randy was even a part-owner in Swift when Jerry Moyes bought out his interest. Carl and his two sons moved to Phoenix and founded the company that later became Swift. Ronald would continue to hold shares in Swift while Randy would become a co-founder of Knight Transportation . "I know that we would run separate if we were in the market for an acquisition. Corporate Knights Inc. includes the sustainable business magazine Corporate Knights and a research division that produces rankings and financial product ratings based on corporate sustainability performance. Adam Miller joined Knight Transportation in September 2002. Lowe's Home Improvement. Join Mergr to view all 121 acquisitions of transportation companies in 2014, including 28 acquisitions by private equity firms, and 93 by strategics. Family owned and operated, Stevens Transport has been leading the temperature-controlled sector in premium service and innovations since 1980. Swift shareholders will own 54 percent of the shares in the new entity. In 2013, Corporate Knights was named “Magazine of the Year” by Canada’s National Magazine Awards Foundation. "People often underestimate (Moyes') business savvy and his access to top-notch advisors. Knight Transportation, from its conception to its widely hailed success as one of the fastest-growing corporations in the United States, was led, and majority-owned, by four members of the Knight family. Swift Transportation. Who Owns The PA Turnpike? The eldest member of the founding Knight Transportation contingent, Randy Knight was bound by a five-year noncompete agreement he signed with Swift Transportation. The F.L.A.G. It is expected to close sometime in the third quarter. 1,372 were here. This truckload carrier merger is the largest in history and trades under the ticker “KNX”. By the end of 1996, when sales totaled $77.5 million, the company relied on 158 trucks that were owned and operated by independent contractors. 2 Knight Transportation reviews in Idaho Falls, ID. Wright Transportation delivers both transportation and logistical services with a dedicated professional staff. for the most part. Knight Transportation is currently looking for Owner Operators who work hard, drive safe, and want an opportunity to achieve success! "We will see more consolidation because it is in the economic self-interest of every truckload carrier to gain the benefits of scale," Benjamin Gordon, who heads BG Strategic Advisors LLC, a Palm Beach, Fla., transport and logistics mergers-and-acquisitions firm said in an e-mail. 896 reviews from Knight Transportation employees about Knight Transportation culture, salaries, benefits, work-life balance, management, job security, and more. "Whether you operate 7,000 trucks or 20,000 trucks, it's probably not going to make much of a difference," he said. On the acquisition front, the company completed its first major deal, purchasing Action Delivery Service Inc. and its affiliated company, Action Warehouse Services Inc. Based in Corsicana, Texas, Action operated as a privately held carrier serving customers in Texas and the south-central United States. He was not a member of the Moyes family, which, according to his thinking, barred his advancement beyond the position of vice-president. Knight Transportation buys Abilene Motor Express Ari Ashe, Senior Editor | Mar 16, 2018 2:36PM EDT. The allegiance of the company's drivers, which had been remarkably strong before the implementation of the program, became legendary throughout the industry after stock options were granted as perquisites for driving a Knight Transportation truck. Speaking at the NASSTRAC annual shippers conference in Orlando today, Fuller said the deal, in and of itself, may not reshape the industry landscape. In 2003, the company posted $35.5 million in net income, nearly three times the total recorded five years earlier. Paid CDL training is an alternative to private truck driver training schools, for those of you who are thinking about getting your CDL license but are put off by the high cost of tuition at the private CDL schools.. After all, it always feels a little crazy to have to pay a boatload of money just to make money. Sheriff Ron Hickman told reporters at the scene of the shooting at Knight Transportation, that the co-worker who was killed appeared to be a supervisor.He did not release the names of those killed Knight Transportation is currently looking for Owner Operators who work hard, drive safe, and want an opportunity to achieve success! During the same five-year period, Knight Transportation's earnings grew at an annual compound rate of 61 percent. Benefits and Pay Packages; Company Drivers; Veteran Program; Corporate. We care about our environment and we are doing our part to make the world more sustainable for future generations. Looking ahead, Randy Knight wanted to expand into Nevada, Utah, Colorado, New Mexico, Texas, and the Pacific Northwest. Knight Transportation's stability offers you flexible routes nationwide, regional, or dedicated, with 24/7 support, 24 terminals, and 17 shops. Find Your New Trucking Job. The company's success during its first three years in operation was based on its development of markets in Arizona and California. Compare. Randy Knight acted as swiftly as he could after he left the Moyes-run company. This story was updated at 10:13 a.m. Click to view open truck driver jobs near you. He incorporated Knight Transportation in 1989, an event that served as a prelude to the actual operation of the company as a commercial enterprise. He was appointed CFO of the Knight-Swift parent company and President of Swift Transportation in November of 2020. Conquest Vehicle Inc's flagship vehicle, the KNIGHT XV defines the future of the ultra-luxurious, handcrafted fully armored SUV. Adam Miller joined Knight Transportation in September 2002. Knight Transportation was founded in 1990 by four cousins: brothers, Randy and Gary Knight and brothers Kevin and Keith Knight. "Face it," an analyst remarked in a March 26, 2001 interview with Investor's Business Daily, "these are asset-intensive businesses, so the key to success or failure is asset utilization. The combined company will have about 28,000 employees. ABCO Transportation was founded in 1993 as a trucking company specializing in the transportation of floral stock and other highly perishable products, as well as the more routine non-hazardous items. Jerry Moyes became president, chairman, and CEO that same year, and when Carl died in 1985, Jerry bought out the other two partners, his brother Ronald and Randy Knight. I took Knights from Worcester (40 miles west of Boston) to Logan Airport for only $45. Customer Rate Request; New Carrier Request; Apply Now; Kold Trans is now hiring truck drivers. At 46, Stocking was part of the next generation of trucking CEOs that is ready take over from their aging founders. Drivers were eager to work for the family-owned and -managed firm, enabling the company to record impressive financial growth during its first years in operation. Navajo Express operates a fleet of about 900 tractors and 1,750 trailers from terminals in Arizona, California, Colorado, Tennessee, and Washington state, and it offers service elsewhere in the 48 contiguous states via partnerships with other carriers. In 2017, Knight Transportation merged with Swift Transportation. Moyes' continued involvement with the new entity reflects the companies' long, interlocking history. The company, by this point, ranked as the fastest growing and most profitable publicly traded trucking firm in the country. Through its Navajo Express unit, Navajo Shippers provides temperature-controlled freight transportation, mainly in the western US. Knight Transportation Inc owns a number of intellectual property rights that include trademarks and patents. Explore our one-of-a-kind company culture here! The transaction is the largest trucking deal ever, doubling Greenwich, Conn.-based XPO Logistics Inc.'s $3 billion purchase of trucking and logistics firm Con-way Inc. in 2015. Major truckload carriers Swift Transportation and Knight Transportation … Choose Wright and get on the road to quality and success. Phoenix trucking giants Knight and Swift announced Monday they will merge to form a shipping venture with $5 billion in annual revenue. On April 10, 2017, the North American trucking sector woke up to the ringing of merger bells. The deal, completed Friday, is the first for Phoenix-based Knight-Swift since Knight Transportation purchased Swift Transportation in September, creating the nation’s biggest full truckload carrier. Source: International Directory of Company Histories, Vol.64. Brothers Kevin and Keith Knight and along their cousins Randy and Gary Knight, who also moved to Phoenix and worked for Swift, then founded Knight Transportation. Knight Transportation Employee Reviews about "good equipment" Updated Jan 12, 2021. Google has many special features to help you find exactly what you're looking for. Abilene Motor Express, based in Richmond, Virginia, operates about 450 trucks with most of its business in the dry van and refrigerated space. They intended to use their experience to make the company one of the major competitors in the industry. The central figures in the family-run business that drew excited praise from the business press were brothers Randy Knight and Gary Knight and their cousins, also brothers, Keith Knight and Kevin Knight. Find the latest Institutional Holdings data for Knight-Swift Transportation Holdings Inc. (KNX) at Nasdaq.com. By the end of its first week in business, Knight Transportation had hauled 15 loads. Prime inc. is a freight transport and logistics trucking company driven by the best truck drivers in North America. This didn't sit well with Moyes, Larkin said. Home | Echo Global Logistics, Inc. (NASDAQ: ECHO) is a leading provider of technology-enabled transportation and supply chain management services. That tops the biggest week they ever had in the past, which was in June of 2018, by about 42% and is – brace yourself – 174% higher on a year over year basis.RELATED RESOURCES: Driving Associates. The physical expansion aided by the company's IPO in late 1994 began to chart its progress as Forbes and other onlookers took note of its success. Freight Market UpdateCode Red Webinars:... Knight looks ready to go hostile on acquisition of USA Truck, Knight Transportation proposes to buy USA Truck for $242 million in cash, debt assumption, Coming together for road safety: interview with Joshua Girard, Freight rate spikes shaking up the C-suite, IBM survey says digitalization trends will sweep trucking industry by 2030, Truck driver hiring pool tightens to lowest point in three years, ACT says, Truckers enjoy “close to the best ever” freight market, FTR says, Gartner survey signals increased investment in resilience over the next two years, Conveyor company fought time and weather to open new factory, As DAT Board Hits Historic High, Supply Chains Start to Buckle, Using innovation to manage peak seasonal demand, Warehouse Management System Project Toolkit, Solving Talent Management Challenges Now and In the Future. These allow it exclusivity over its products and competitors cannot copy or reverse engineer them. The company completed its IPO in October 1994, enabling it to develop ambitious expansion plans. The new board will be comprised of all current Knight directors and four current Swift directors. 1-888-456-4448. In February 2004, the company established a regional hub in Las Vegas, Nevada, with plans calling for the opening of two additional terminals by the end of the year. Swift, with about 18,000 tractors, is the nation's largest trucking company based on fleet size. Knight Transportation has acquired dry van truckload carrier Barr-Nunn Transportation, based in Des Moines, Iowa. Last week the DAT Load Board had over 10 million loads posted on it. The Knight-Swift deal, which has been approved by both boards, is still subject to shareholders' approvals. Skip to content. Finally, we can read about how these great companies came about with Company Histories.. The bigger question, according to Fuller, is whether the merger whets the public markets' appetite for more consolidation among big truckload carriers in a $600 billion segment that remains highly fragmented. Randy Knight left Swift Transportation in 1985 and started a company named Total Warehousing Inc., but his entrepreneurial talents would find their greatest expression with the formation of Knight Transportation. CFRA analyst Jim Corridore, in a recent report, had an earnings estimate for Knight-Swift this year of $2.27 per share, and $2.66 next year. Knight's company, Phoenix-based Knight Transportation Inc., made history today by merging with hometown rival Swift Transportation Co. in a $6 billion all-stock deal that creates the nation's biggest truckload company. In addition to these vehicles, the company was supported by trucks owned by its drivers, who contracted with Knight Transportation as independent contractors. Knight said in a statement that certain unidentified shareholders have already voiced support for the deal. With him at the inception of the company were Gary Knight, appointed Knight Transportation's president, Kevin Knight, named chief executive officer, and Keith Knight, an executive vice-president who managed the company's sales operation in Los Angeles. Knight Transportation Inc is a brand that has been in the market for years, and people are aware of it. Maude Knight then married Chester R. England. Knight Transportation is praised for the loyalty of its drivers and its efficient operation. Copyright (c) 2019 Company-Histories.com. In February 1996, the company opened a terminal in Katy, Texas, which was followed two months later by the establishment of a terminal in Indianapolis, Indiana, its first terminal east of the Mississippi River. Find out the direct holders, institutional holders and mutual fund holders for Knight-Swift Transportation Hol (KNX). Typically, annual driver turnover in the trucking industry neared 100 percent, but at Knight Transportation the turnover rate averaged 50 percent. Knight-Swift Transportation Holdings Inc. KNX -1.83% said Friday it is acquiring Richmond, Va.-based Abilene Motor Express for an undisclosed sum, … 's missions bring them far enough away from F.L.A.G. Knight Transportation has acquired dry van truckload carrier Barr-Nunn Transportation, based in Des Moines, Iowa. It was a great deal and the van was outside waiting about 10 min before scheduled pick-up time. Print. To facilitate the company's maturation into a national force, the Knights took the company public in 1994, filing with Securities and Exchange Commission for a $22 million initial public offering (IPO) of stock. Knight Transportation buys Abilene Motor Express Ari Ashe, Senior Editor | Mar 16, 2018 2:36PM EDT. The company operates regional terminals that serve as hubs for freight routes within 750 miles of the facility. The company was able to recruit drivers by paying them well and by offering what few other trucking employers offered their drivers: frequent opportunities to spend time with family. Under Kevin Knight's stewardship, the company struck again on the acquisition front in 2000, purchasing the trucking operation of Gulfport, Mississippi-based John Fayard Fast Freight Inc., which operated as Fastway Systems. The company initiated a stock-option program concurrent with its conversion to public ownership, which made Knight Transportation one of only two trucking companies in the country to offer its drivers stock options. Big carriers continue to get bigger: Knight Transportation has acquired Barr-Nunn, and the additional 550-truck fleet grows Knight’s truckload capacity by 14 percent in the deal. When it comes to the business of shipping, CSX can move you in the right direction. Knight will also become president of the Swift operating entities. Fuller lauded Knight and Swift for deciding to operate independently. On April 10, 2017, the North American trucking sector woke up to the ringing of merger bells. (The industry average for all types of trucking firms was one night every two to three weeks.) "It is tough to marry companies in this industry, especially two companies that are this big," he said. The Moyes family and the Knight family both were raised in Plain City, Utah, before moving to Phoenix in the late 1960s. Knight's company, Phoenix-based Knight Transportation Inc., made history today by merging with hometown rival Swift Transportation Co. in a $6 billion all-stock deal that creates the nation's biggest truckload company. Delete Response Cancel. Your response will be removed from the review – this cannot be undone. Skip to content. Knight Transportation, from its conception to its widely hailed success as one of the fastest-growing corporations in the United States, was led, and majority-owned, by four members of the Knight family. Randy Knight, who figured as the impetus for Knight Transportation's formation, rose to the rank of vice-president at Swift Transportation, spending 16 years at the company before leaving in 1985. 3.4 ★ 24,212 Reviews. During the first years of the 21st century, Knight Transportation focused on increasing its physical presence. Interested in a New Job? Knight Transportation's geographic reach was extended by establishing regional terminals that served as hubs to support the company's expanding fleet of trucks and trailers. Knight Transportation was founded in 1990 by four cousins: brothers, Kevin and Keith Knight and brothers Randy and Gary Knight. The company hauls general commodities, including consumer goods, packaged foods, paper products, and beverage containers, as well as import and export products. 71 reviews of Knight's Airport Limo Service "I agree with jg. He was appointed CFO of the Knight-Swift parent company and President of Swift Transportation in November of 2020. The deal has been blessed by Jerry Moyes, who started Swift in 1966 and is its controlling shareholder, in addition to cousins Kevin and Gary Knight who … The company began contracting with owner-operators in 1994, when it initiated its independent contractor program. Knight Transportation, Swift Transportation, Barr-Nunn and Abilene Motor Express (KNX) announced updates to safety guidelines for curbing the spread of coronavirus (COVID-19), maintaining driver safety, and delivering critical supplies to store shelves. But in a filing with the Securities & Exchange Commission, the company said that its wholly-owned subsidiary Knight Transportation, … CALL US. However, economies of scale at the corporate level should generate pre-tax savings of $15 million in the second half of the year, and a combined $250 million in 2018 and 2019, Knight Transportation said in a statement. If Moyes felt betrayed by Stocking, "the game was over," he said. Welcome to Knightrider bus service. 1-888-456-4448 Find Your New Trucking Job. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing, We use cookies to provide you with a better experience. ", Copyright ©2021. Driver Referral; Dry Van; Refrigerated; Port and Rail ; Dedicated. This will replace the current featured review for targeted profile. In July 1999, Randy Knight retired as chairman of the board. The companies will conduct their daily operations independently and will maintain separate brands, moves designed to avoid the difficult process of integrating and re-branding two such large firms. Knight-Swift appears not to have released a prepared statement on the acquisition. If you have your own truck, run with us under Knight's authority. The company's expansion in the late 1990s was fueled by opening additional regional terminals and by taking advantage of a new mode of expansion--acquiring other trucking companies. Menu. Every trucking operator claimed to strive for efficient operation, but the Knights made good on their claim, excelling at managing the movement of freight. Kevin Knight, 60, who was Knight's CEO from 1993 to 2014 and has been its executive chairman since January 2015, will become executive chairman of Knight-Swift Transportation Holdings Inc., as the company will be known. We have a program and individuals to support your career path of owning your business, Parts and fuel discounts with the stability of consistent freight. ET, Oct. 2, 2015. All brands share best practices while continuing to operate separately within Knight-Swift Transportation Holdings Inc. Swift’s terminal network has grown to over forty full-service facilities in the continental United States and Mexico combined. Knight Transportation was founded in 1990 by four cousins: brothers, Randy and Gary Knight and brothers Kevin and Keith Knight. When he left in 1985, the clock started ticking toward the end of his noncompete agreement, when he was legally able to start his own trucking enterprise. Angelina 2 weeks ago Tips Leave a comment 18 Views Designated as the USA’s first superhighway, the PA Turnpike was opened to motorists in 1940. Aside from the financial advantages of becoming a publicly traded company, Knight Transportation also strengthened its bond with its drivers through the IPO. The company maintains terminals in Phoenix, Arizona; Salt Lake City, Utah; Portland, Oregon; Denver, Colorado; Kansas City, Kansas; Katy, Texas; Indianapolis, Indiana; Charlotte, North Carolina; Gulfport, Mississippi; Memphis, Tennessee; Atlanta, Georgia; and Las Vegas, Nevada. In fact, you don't even have to be located on railroad track for us to help you. A free inside look at company reviews and salaries posted anonymously by employees. Principal Competitors: Heartland Express, Inc.; Schneider National, Inc.; Swift Transportation Co., Inc. Knight Transportation truck drivers get improved benefits, newer equipment, and higher safety. The company maintained a fleet of 50 tractors and 130 trailers, registering $5.6 million in revenue in 1998. In 1991, its first full year in operation, Knight Transportation generated $13.4 million in revenue. and a mobile Headquarters for Devon Miles to relay information to Michael when Michael's and K.I.T.T. 98,466 likes. The four Knight family members gradually expanded their business during the early 1990s. Knight-Swift Buys Trucker Abilene Motor Express Purchase brings 400 trucks and signals the U.S. leader in truckload transport may be back in the market for more acquisitions Call a recruiter today! Thanks to the company's ability to neatly choreograph the complex web of routes that sustained its operations, its drivers typically spent three nights a week at home, while drivers for other short-haul trucking concerns typically spent two nights a week at home or less. Join the Wright Team. Home; Jobs; Recruiting. Additionally, Knight Transportation provides a stable freight network with a large customer base so you have flexible home time for your lifestyle. In 1918 the company began to use motorised vehicles and ‘A’ licenses were granted for three trucks on inauguration of the Road Traffic Act in 1933. As the company prepared for the future, there were few observers who doubted the ability of the Knight family to continue its record of success. Note that, compared to Swift Transportation, Knight Transportation is a relatively small company in every respect. 3.3 ★ 1,002 Reviews. Plus, he values loyalty highly," according to Larkin. Knight Transportation pressed ahead with its growth plans as the company entered a new decade with a change in leadership. Recognizing the need for a high quality of ground transportation service, Knight Rider Bus Service evolved in 1992 with the committed vision of delivering the highest quality of ground transportation service in Guyana. The $112.4 million acquisition is the latest in a series of buyouts by large trucking companies, including Heartland Express, Swift Transportation, Celadon Trucking and Roadrunner Transportation. In 1998, after generating $99.4 million in revenue the previous year, Knight Transportation eclipsed a financial milestone, recording $125 million in revenue, the same year it eclipsed another milestone by employing more than 1,000 workers for the first time in its history. On July 19, 1990, Knight Transportation officially became operational, hauling its first three loads from Phoenix, Arizona, to Los Angeles and back.