Knight-Swift Transportation Holdings Inc
For the period ended Dec 31, 2023. Filed Feb 22, 2024.
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FY2023 · Filed Feb 22, 2024
KNX$61.45+5.2%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Glossary of Terms
Table of Contents
| GLOSSARY OF TERMS | |
|---|---|
| The following glossary provides definitions for certain acronyms and terms used in this Annual Report on Form 10-K. These acronyms and terms are specific to our company, commonly used in our industry, or are otherwise frequently used throughout our document. | |
| Term | Definition |
| Knight-Swift/the Company/Management/We/Us/Our | Unless otherwise indicated or the context otherwise requires, these terms represent Knight-Swift Transportation Holdings Inc. and its subsidiaries. |
| 2012 ESPP | Employee Stock Purchase Plan, effective beginning in 2012, amended and restated in 2018 |
| 2014 Stock Plan | The Company's second amended and restated 2014 Omnibus Incentive Plan |
| 2017 Merger | The September 8, 2017 merger of Knight and Swift, pursuant to which we became Knight-Swift Transportation Holdings Inc. |
| 2021 Debt Agreement | The Company's unsecured credit agreement, entered into on September 3, 2021, consisting of the 2021 Revolver and 2021 Term Loans, which are defined below |
| 2021 Prudential Notes | The unsecured Second Amended and Restated Note Purchase and Private Shelf Agreement, entered into on September 3, 2021, maturing October 2023 through January 2028 |
| 2021 Revolver | Revolving line of credit under the 2021 Debt Agreement, maturing on September 3, 2026 |
| 2021 Term Loans | The Company's term loans under the 2021 Debt Agreement, collectively consisting of the 2021 Term Loan A-1, 2021 Term Loan A-2 and 2021 Term Loan A-3 |
| 2021 Term Loan A-1 | The Company's term loan under the 2021 Debt Agreement, which matured on December 3, 2022 |
| 2021 Term Loan A-2 | The Company's term loan under the 2021 Debt Agreement, maturing on September 3, 2024 |
| 2021 Term Loan A-3 | The Company's term loan under the 2021 Debt Agreement, maturing on September 3, 2026 |
| 2023 Term Loan | The Company's term loan entered into on June 22, 2023, maturing on September 3, 2026 |
| 2022 RSA | Sixth Amendment to the Amended and Restated Receivables Sales Agreement, entered into on October 3, 2022 by Swift Receivables Company II, LLC with unrelated financial entities |
| 2023 RSA | Seventh Amendment to the Amended and Restated Receivables Sales Agreement, entered into on October 23, 2023 by Swift Receivables Company II, LLC with unrelated financial entities |
| ACT | AAA Cooper Transportation, and its affiliated entity |
| ACT Acquisition | The Company's acquisition of 100% of the securities of ACT on July 5, 2021 |
| ASC | Accounting Standards Codification Topic (or subtopic) |
| ASU | Accounting Standards Update |
| Board | Knight-Swift's Board of Directors |
| BSBY | Bloomberg Short-Term Bank Yield Index |
| COVID-19 | Viral strain of a coronavirus which led the World Health Organization to declare a global pandemic in March 2020 |
| C-TPAT | Customs-Trade Partnership Against Terrorism |
| CSA | Compliance Safety Accountability |
| DOT | United States Department of Transportation |
| ELD | Electronic Logging Device |
| Eleos | Eleos Technologies, LLC |
| Embark | Embark Technology Inc. and its related entities |
| EPA | United States Environmental Protection Agency |
| EPS | Earnings Per Share |
| FASB | United States Financial Accounting Standards Board |
| FLSA | United States Fair Labor Standards Act |
| FMCSA | United States Federal Motor Carrier Safety Administration |
| GAAP | United States Generally Accepted Accounting Principles |
Table of Contents
| GLOSSARY OF TERMS | |
|---|---|
| The following glossary provides definitions for certain acronyms and terms used in this Annual Report on Form 10-K. These acronyms and terms are specific to our company, commonly used in our industry, or are otherwise frequently used throughout our document. | |
| Term | Definition |
| GDP | Gross Domestic Product |
| Knight | Unless otherwise indicated or the context otherwise requires, this term represents Knight Transportation, Inc. and its subsidiaries. |
| LTL | Less-than-truckload |
| Mohave | Mohave Transportation Insurance Company, a wholly-owned captive insurance subsidiary |
| MME | MME, Inc. and its subsidiary, Midwest Motor Express, Inc. |
| NASDAQ | National Association of Securities Dealers Automated Quotations |
| NLRB | United States National Labor Relations Board |
| NYSE | New York Stock Exchange |
| Red Rock | Red Rock Risk Retention Group, Inc., a wholly-owned captive insurance subsidiary |
| RSU | Restricted Stock Unit |
| SEC | United States Securities and Exchange Commission |
| SOFR | Secured overnight financing rate as administered by the Federal Reserve Bank of New York |
| SPA | Stock Purchase Agreement |
| Swift | Unless otherwise indicated or the context otherwise requires, this term represents Swift Transportation Company and its subsidiaries. |
| U.S. Xpress | U.S. Xpress Enterprises, Inc. and its subsidiaries |
| U.S. Xpress Acquisition | The Company's acquisition of 100% of the securities of U.S. Xpress on July 1, 2023 |
| UTXL | UTXL Enterprises, Inc. |
| US | The United States of America |
| Warehousing Co. | Warehousing company, acquired by the Company on January 1, 2020 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.