Knight-Swift Transportation Holdings is headquartered in Phoenix, Arizona and trades on the NYSE under KNX. Its brands include Knight, Swift, U.S. Xpress, AAA Cooper, Midwest Motor Express and Abilene Motor Express (now being folded into Swift). It employed about 37,100 people at the end of 2025, including roughly 26,200 company drivers.
Knight-Swift is paid by shippers to move freight. Truckload: asset-based one-way and dedicated hauling with company tractors and trailers under the Knight, Swift, U.S. Xpress and other brands; revenue is driven by rate per mile, loaded miles and fleet utilization. LTL: AAA Cooper and Midwest Motor Express combine smaller shipments through a terminal network and charge by weight and distance (revenue per hundredweight). Logistics: a non-asset brokerage that books third-party carriers and keeps the spread between shipper rate and carrier cost. Intermodal: containers moved by rail with Knight-Swift handling drayage. Fuel surcharges pass much of the diesel cost back to customers.