Knight-Swift Transportation Holdings Inc.

Knight-Swift Transportation Holdings Inc. (Ticker: KNX) is the undisputed heavyweight champion of the North American trucking industry. Formed from the 2017 mega-merger of two industry giants, Knight Transportation and Swift Transportation, this company operates a colossal fleet of trucks and trailers. Its business is the lifeblood of the economy, moving goods for a vast array of customers, from small businesses to the world's largest retailers. While often seen as just a “trucking company,” Knight-Swift is a diversified transportation solutions provider. It operates across several key segments: Truckload, where it hauls full trailers for single customers; Logistics, where it acts as a non-asset-based broker connecting shippers with carriers; Intermodal, which combines truck and rail for long-haul efficiency; and a growing Less-Than-Truckload (LTL) division, which consolidates smaller shipments. For the value investing practitioner, Knight-Swift represents a fascinating case study in scale, operational efficiency, and navigating a notoriously cyclical industry. ===== A Behemoth