Knight-Swift Transportation Holdings Inc. reported revenue of $ 1.223 million in the first quarter of 2021, an increase of 8.7% compared to the same period in 2020.

Today considered the largest trucking company in North America, this company posted a net income for the first quarter of 2021 attributable to Knight-Swift of $ 129.8 million.

Additionally, Knight-Swift Transportation is a transportation solutions provider, based in Phoenix, Arizona.

The company offers multiple freight, intermodal and logistics services using a nationwide network of business units and terminals in the United States and Mexico to serve customers throughout North America.

In addition to its truck loading services, Knight-Swift contracts with third-party capacity providers to provide a wide range of truck loading services to its clients while creating driving jobs for its driving associates and business opportunities for independent contractors.

Knight-Swift

The company’s consolidated revenue, excluding the truck fuel surcharge, grew 10.3% during the first quarter of 2021, as a result of revenue growth in all its reportable segments.

At the same time, Knight-Swift Transportation generated a consolidated adjusted net income attributable to Knight-Swift of $ 139.4 million, representing an increase of 83.0% year-on-year.

In particular, the trucking segment overcame inclement weather and driver hiring challenges during the quarter and improved average revenue per tractor by 7.7%, resulting in a 470 basis point improvement in the operating ratio adjusted to 81.8 % in the first quarter of 2021 from 86.5% in the first quarter of 2020.

On the other hand, the logistics segment increased revenues by more than 50% and operating revenues more than doubled year over year.

Despite weather and service disruptions during the first quarter of 2021, its Intermodal segment achieved year-over-year improvements in operating results, and we anticipate continued improvement in the coming quarters.

Transport

The truck segment includes rough-road, dedicated, refrigerated, accelerated, flatbed and cross-border operations across all of its brands, with 13,130 rough-road tractors and 5,094 dedicated road tractors.

During 2020, Knight-Swift Transportation covered 1.5 billion miles charged for carriers throughout North America, contributing to a consolidated total revenue of $ 4.7 billion and a consolidated operating income of $ 564.4 million.