v3.25.1
Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Total revenue $ 1,824,362 $ 1,822,467
Operating expenses:    
Salaries, wages, and benefits [1] 721,659 692,907
Fuel [1] 207,246 234,589
Operations and maintenance [1] 132,372 134,633
Insurance and claims [1] 92,225 122,446
Operating taxes and licenses 34,366 31,329
Communications 7,383 7,533
Depreciation and amortization of property and equipment [1] 177,479 181,865
Amortization of intangibles 19,246 18,543
Rental expense 42,866 42,996
Purchased transportation [1] 277,294 277,257
Impairments 28 3,982
Miscellaneous operating expenses 45,535 53,832
Total operating expenses 1,757,699 1,801,912
Operating income 66,663 20,555
Other (expenses) income:    
Interest income 3,034 5,022
Interest expense (40,203) (41,236)
Other income (expense), net 11,038 8,992
Total other expenses, net (26,131) (27,222)
Income (loss) before income taxes 40,532 (6,667)
Income tax expense (benefit) 10,303 (3,674)
Net income (loss) 30,229 (2,993)
Net loss attributable to noncontrolling interest 410 358
Net income (loss) attributable to Knight-Swift 30,639 (2,635)
Other comprehensive income (loss) 463 (38)
Comprehensive income (loss) $ 31,102 $ (2,673)
Earnings (loss) per share:    
Basic (in dollars per share) $ 0.19 $ (0.02)
Diluted (in dollars per share) 0.19 (0.02)
Dividends declared per share: (in dollars per share) $ 0.18 $ 0.16
Weighted average shares outstanding:    
Basic (in shares) 161,974 161,511
Diluted (in shares) 162,457 162,086
Revenue, excluding truckload and LTL fuel surcharge    
Total revenue $ 1,632,963 $ 1,612,814
Truckload and LTL fuel surcharge    
Total revenue $ 191,399 $ 209,653
[1] The significant expense categories and amounts align with the segment-level information that is regularly provided to the chief operating decision maker.