Knight Transportation Inc
(NYSE: KNX)
17.03
+0.24
+1.43%
+0.24
+1.43%
MORE ON KNX
COMPANY INFORMATION
| Exchange: | New York Stock Exchange |
| Stock: | Knight Transportation, Inc. |
| Industry: | Trucking |
| Employees: | 5,176 |
DESCRIPTION
| Knight Transportation, Inc., was incorporated in 1989. The company is a provider of multiple truckload transportation services, which generally involve the movement of full trailer or container loads of freight from origin to destination for a single customer. The Company’s services include dry van truckload, temperature-controlled truckload, dedicated truckload services, drayage, intermodal, and truckload freight brokerage services. Through its multiple service offerings and transportation modes, it are able to transport, or arrange for the transportation of, general commodities for customers throughout the United States and parts of Canada and Mexico. The Company has five operating segments comprised of three asset-based operating segments (dry van truckload, temperature-controlled truckload, and port services) and two non-asset-based operating segments (brokerage and intermodal services). As of December 31, 2012, it operated 3,627 company-owned tractors with an average age of 1.9 years. It also had under contract 507 tractors owned and operated by independent contractors. Its trailer fleet consisted of 9,564 53-foot long trailers with an average age of 5.5 years and includes 1,092 temperature-controlled trailers. All of its tractors are equipped with a satellite-based tracking and communication system to communicate with its drivers, to obtain load position updates, to manage its fleets, and to provide its customers with freight visibility. The majority of its trailers are equipped with VeriWise trailer-tracking technology that allows it to more effectively manage its trailers. It has automated many of its back-office functions, and it continues to invest in technology where it allows it to better serve its customers and improve efficiency. The Company competes mainly with other regional short-to-medium haul truckload carriers, logistics providers, and national carriers. Knight Transportation’s operations are regulated and licensed by various government agencies. The Company's drivers and independent contractors also must comply with the safety and fitness regulations of the United States Department of Transportation, including those relating to drug and alcohol testing and hours-of-service. |
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