Truckload was Knight-Swift Transportation Holdings’s largest segment in fiscal 2025, bringing in $4.87B of $7.47B (65%).
| Segment | FY 2011 | FY 2012 | FY 2013 | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Truckload | $4.53B | $4.70B | $5.03B | $4.87B | |||||||||||
| Trucking | — | — | — | — | |||||||||||
| Ltl | $1.07B | $1.08B | $1.24B | $1.48B | |||||||||||
| Knight Trucking | — | — | — | — | |||||||||||
| Dedicated | — | — | — | — | |||||||||||
| Logistics | $920.71M | $582.25M | $570.00M | $570.29M | |||||||||||
| Swift Refrigerated | — | — | — | — | |||||||||||
| Crs Refrigerated | — | — | — | — | |||||||||||
| Intermodal | $485.79M | $410.55M | $387.23M | $364.91M | |||||||||||
| Non-Reportable Segment | — | — | — | — | |||||||||||
| Nonreportable Segments | — | — | — | — | |||||||||||
| Segment Reporting, Reconciling Item, Corporate Nonsegment | $516.74M | $462.06M | $266.50M | $287.47M | |||||||||||
| Corporate, Non-Segment | — | — | — | — | |||||||||||
| Knight Logistics | — | — | — | — | |||||||||||
| Intersegment Eliminations | -$95.32M | -$94.20M | -$84.14M | -$96.53M | |||||||||||
| Total | $7.43B | $7.14B | $7.41B | $7.47B |
Knight-Swift Transportation Holdings brought in $7.47B from its six segments in fiscal 2025, the year ended December 31, 2025. That was up 0.8% from $7.41B in fiscal 2024. Truckload was the largest at $4.87B (65.1%), ahead of Ltl at $1.48B (19.8%) and Logistics at $570.29M (7.6%). The other two segments brought in $652.38M combined.
Compared with fiscal 2024, Ltl grew fastest, up 19.7% to $1.48B, while Intermodal fell the most, down 5.8% to $364.91M. From fiscal 2022 to 2025, combined revenue from these segments grew from $7.43B to $7.47B, a compound annual growth rate of 0.2%. Truckload's share of the total rose from 61.0% to 65.1%.
The total is net of Intersegment Eliminations, which took $96.53M off revenue in fiscal 2025.
Revenue, Excluding Truckload & Ltl Fuel Surcharge was Knight-Swift Transportation Holdings’s largest revenue line in fiscal 2025, bringing in $6.69B of $7.47B (90%).
| Insurance Product Line | FY 2010 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue, Excluding Truckload & Ltl Fuel Surcharge | $6.51B | $6.31B | $6.61B | $6.69B | |||||||
| Revenue, Excluding Trucking Fuel Surcharge | — | — | — | — | |||||||
| Truckload | — | — | — | — | |||||||
| Revenue, Excluding Fuel Surcharge | — | — | — | — | |||||||
| Truckload & Ltl Fuel Surcharge | $920.42M | $833.60M | $798.12M | $777.61M | |||||||
| Dedicated | — | — | — | — | |||||||
| Trucking Fuel Surcharge Revenue | — | — | — | — | |||||||
| Intermodal | — | — | — | — | |||||||
| Nonreportable Segments | — | — | — | — | |||||||
| Fuel Surcharge Revenue | — | — | — | — | |||||||
| Intersegment Eliminations | — | — | — | — | |||||||
| Total | $7.43B | $7.14B | $7.41B | $7.47B |
Knight-Swift Transportation Holdings brought in $7.47B from its two revenue lines in fiscal 2025, the year ended December 31, 2025. That was up 0.8% from $7.41B in fiscal 2024. Revenue, Excluding Truckload & Ltl Fuel Surcharge was the largest at $6.69B (89.6%), ahead of Truckload & Ltl Fuel Surcharge at $777.61M (10.4%).
Compared with fiscal 2024, Revenue, Excluding Truckload & Ltl Fuel Surcharge grew 1.2% to $6.69B, while Truckload & Ltl Fuel Surcharge fell 2.6% to $777.61M. From fiscal 2022 to 2025, combined revenue from these revenue lines grew from $7.43B to $7.47B, a compound annual growth rate of 0.2%. Revenue, Excluding Truckload & Ltl Fuel Surcharge's share of the total rose from 87.6% to 89.6%.
Guarantor Subsidiaries was Knight-Swift Transportation Holdings’s largest revenue line in fiscal 2011, bringing in $3.72B of $3.78B (98%).
| Legal Entity | FY 2009 | FY 2010 | FY 2011 |
|---|---|---|---|
| Guarantor Subsidiaries | $2.53B | $2.88B | $3.72B |
| Non-Guarantor Subsidiaries | $89.84M | $155.30M | $138.09M |
| Eliminations For Consolidation | -$49.99M | -$107.02M | -$79.81M |
| Total | $2.57B | $2.93B | $3.78B |
Knight-Swift Transportation Holdings brought in $3.78B from its three revenue lines in fiscal 2011, the year ended December 31, 2011. That was up 29.0% from $2.93B in fiscal 2010. Guarantor Subsidiaries was the largest at $3.72B (98.5%), ahead of Non-Guarantor Subsidiaries at $138.09M (3.7%).
Compared with fiscal 2010, Guarantor Subsidiaries grew 29.1% to $3.72B, while Non-Guarantor Subsidiaries fell 11.1% to $138.09M. From fiscal 2009 to 2011, combined revenue from these revenue lines grew from $2.57B to $3.78B, a compound annual growth rate of 21.2%. Guarantor Subsidiaries' share held steady at about 98.5%.
The total is net of Eliminations For Consolidation, which took $79.81M off revenue in fiscal 2011.
Knight-Swift Transportation Holdings (KNX) reports its revenue by segment, by insurance product line and by legal entity. In fiscal 2025, Truckload was its largest segment, bringing in $4.87B (65.1% of the total), followed by Ltl at $1.48B (19.8%).
Truckload was Knight-Swift Transportation Holdings' largest segment in fiscal 2025, bringing in $4.87B, or 65.1% of the $7.47B total across its six segments.
Revenue, Excluding Truckload & Ltl Fuel Surcharge was Knight-Swift Transportation Holdings' largest revenue line in fiscal 2025, bringing in $6.69B, or 89.6% of the $7.47B total across its two revenue lines.
Among Knight-Swift Transportation Holdings' segments that make up at least 2% of revenue, Ltl grew fastest in fiscal 2025, up 19.7% from $1.24B to $1.48B.
Every figure comes from Knight-Swift Transportation Holdings' annual financial filings, as reported. Each line keeps the name Knight-Swift Transportation Holdings gives it, and years follow its fiscal calendar.
Knight-Swift Transportation Holdings' revenue by segment goes back to fiscal 2011, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.