v3.25.2
Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Total revenue $ 1,861,940 $ 1,846,654 $ 3,686,302 $ 3,669,121
Operating expenses:        
Salaries, wages, and benefits 754,582 [1] 691,878 [1] 1,476,241 [2] 1,384,785 [2]
Fuel 203,566 [1] 222,573 [1] 410,812 [2] 457,162 [2]
Operations and maintenance 139,970 [1] 138,251 [1] 272,342 [2] 272,884 [2]
Insurance and claims 85,281 [1] 105,438 [1] 177,506 [2] 227,884 [2]
Operating taxes and licenses 34,525 30,374 68,891 61,703
Communications 7,381 8,264 14,764 15,797
Depreciation and amortization of property and equipment 176,538 [1] 178,850 [1] 354,017 [2] 360,715 [2]
Amortization of intangibles 19,246 18,544 38,492 37,087
Rental expense 43,196 43,930 86,062 86,926
Purchased transportation 265,722 [1] 286,768 [1] 543,016 [2] 564,025 [2]
Impairments 10,584 5,877 10,612 9,859
Miscellaneous operating expenses 48,733 52,447 94,268 106,279
Total operating expenses 1,789,324 1,783,194 3,547,023 3,585,106
Operating income 72,616 63,460 139,279 84,015
Other (expenses) income:        
Interest income 3,036 3,817 6,070 8,839
Interest expense (40,878) (40,482) (81,081) (81,718)
Other income, net 13,150 4,888 24,188 13,880
Total other expenses, net (24,692) (31,777) (50,823) (58,999)
Income before income taxes 47,924 31,683 88,456 25,016
Income tax expense 13,993 11,790 24,296 8,116
Net income 33,931 19,893 64,160 16,900
Net loss attributable to noncontrolling interest 312 407 722 765
Net income attributable to Knight-Swift 34,243 20,300 64,882 17,665
Other comprehensive (loss) income (109) 41 354 3
Comprehensive income $ 34,134 $ 20,341 $ 65,236 $ 17,668
Earnings per share:        
Basic (in dollars per share) $ 0.21 $ 0.13 $ 0.40 $ 0.11
Diluted (in dollars per share) 0.21 0.13 0.40 0.11
Dividends declared per share: (in dollars per share) $ 0.18 $ 0.16 $ 0.36 $ 0.32
Weighted average shares outstanding:        
Basic (in shares) 162,131 161,689 162,052 161,598
Diluted (in shares) 162,541 162,111 162,497 162,089
Revenue, excluding truckload and LTL fuel surcharge        
Total revenue $ 1,672,201 $ 1,641,701 $ 3,305,164 $ 3,254,515
Truckload and LTL fuel surcharge        
Total revenue $ 189,739 $ 204,953 $ 381,138 $ 414,606
[1] The significant expense categories and amounts align with the segment-level information that is regularly provided to the chief operating decision maker.
[2] The significant expense categories and amounts align with the segment-level information that is regularly provided to the chief operating decision maker.