Knight Transportation, Inc. provides multiple full truckload transportation and logistics services, which generally involve the movement of full trailer or container loads of freight from origin to destination for a single customer. Through its multiple service offerings, capabilities, and transportation modes, the company transports, or arranges for the transportation of, general commodities for its diversified customer base throughout the contiguous United States and parts of Canada and Mexico using equipment, information technology, and qualified driving associates and non-driver employees. The company invests considerable resources toward developing a range of solutions for its customers across multiple service offerings and transportation modes. In 2013, the company operated an average of 3,537 company-owned tractors with an average age of 1.9 years. The company also had under contract 452 tractors owned and operated by independent contractors as of December 31, 2013. The company also operated an average of 9,406 trailers in 2013. Segments The company’s segments include Asset-Based and Non-Asset-Based. Asset-Based This segment consists of three operating units, including dry van truckload; temperature-controlled truckload; and drayage services. The company provides dry van truckload services. The company operates its major modern company-owned tractor fleet and uses independent contractors to provide various Asset-Based solutions, including multiple stop pick-ups and deliveries, dedicated equipment and personnel, on-time expedited pick-ups and deliveries, specialized driver training, and other truckload services. Non-Asset-Based This segment consists of two primary operating units freight brokerage services (Brokerage) and rail intermodal. The company also provides logistics, freight management and other non-trucking services to its customers through its Non-Asset-Based business. The company’s Knight Brokerage, LLC, develops contractual relationships with various third-party capacity providers who provide their equipment and services to transport customer freight. Its Non-Asset-Based offerings meet its customers’ transportation needs by providing a range of shipping alternatives from its network of third-party capacity providers and its rail partners. Brokerage had transportation services contracts with approximately 14,800 carriers as of December 31, 2013. Strategy The company’s Asset-Based operating strategy is to gain truckload market share by utilizing its services, relationships, and service center network, and to improve asset productivity through enhanced technology and market knowledge. Its Non-Asset-Based operating strategy is to match quality capacity with the shipping needs of its customers through the capacity provided by its network of third-party carriers and its rail providers. Growth Strategy: The company’s growth strategy is focused on various major areas, such as expanding existing service centers, improving asset productivity, strengthening its customer relationships, diversifying its service offerings, and acquiring and growing opportunistically. Seasonality Operating expenses generally increase, and the tractor productivity of the company’s fleet, independent contractors, and third-party carriers decreases, in the winter months because of decreased fuel efficiency, increased cold weather-related equipment maintenance and repairs, and increased insurance claims and costs attributed to higher accident frequency from harsh weather. During this period, the profitability of the company’s Asset-Based operations is generally lower than during other parts of the year (year ended December 31, 2013). Regulation The company’s operations are regulated and licensed by various government agencies, including the United States Department of Transportation, U.S. Environmental Protection Agency, and the U.S. Department of Homeland Security. These and other federal and state agencies also regulate the company’s equipment, operations, drivers, and third-party capacity providers. History Knight Transportation, Inc. was founded in 1989.
knight transportation inc (KNX:New York)
20002 North 19th Avenue
Phoenix, AZ 85027
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