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
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Item 2. Properties
| ITEM 2. | PROPERTIES |
|---|
Our Knight and Swift headquarters are both located in Phoenix, Arizona. Including Knight's former headquarters location, which was re-purposed as a regional operations facility, our headquarters cover approximately 200 acres, consisting of about 300,000 square feet of office space, 150,000 square feet of repair and maintenance facilities, a twenty thousand square-foot driving associates' center and restaurant, an eight thousand square-foot recruiting and training center, a six thousand square-foot warehouse, a 300-space parking structure, as well as two truck wash and fueling facilities. Our U.S. Xpress headquarters located in Chattanooga, Tennessee, covers approximately 29.4 acres of land consisting of about 100,000 square feet of office space. Our ACT headquarters located in Dothan, Alabama, covers approximately 20 acres of land consisting of about 57,474 square feet of office space, a 2,364 square foot supply warehouse, 37,248 square feet of repair and maintenance facilities, 8,274 square feet of parts warehousing, and a 15,110 square foot loading dock.
We have over 250 locations in the US and Mexico, including our headquarters, terminals, driving academies, and certain other locations, which are included in the table below. Our terminals may include customer service, marketing, fuel, and/or repair facilities. Given the fluidity of our operations, and to promote operational efficiency, our terminal properties are used by each of our Truckload, LTL, Logistics, Intermodal, and All Other Segments. We also own or lease parcels of vacant land, drop yards, and space for temporary trailer storage for ourselves and other carriers, as well as several non-operating facilities, which are excluded from the table below. As of December 31, 2023, our aggregate monthly rent for all leased properties was approximately $4.5 million with varying terms expiring through December 2039. We believe that substantially all of our property is in good condition and our facilities have sufficient capacity to meet our current needs.
The following listing shows our logos with our corresponding company descriptions, as the logos are used to depict brand representation by location in the accompanying table:
| Logo | Brand | Reportable Segment(s) |
|---|---|---|
| Knight | Truckload, Logistics | |
| Swift | Truckload, Logistics, Intermodal | |
| U.S. Xpress | Truckload, Logistics | |
| ACT | LTL | |
| MME | LTL | |
| Barr-Nunn Transportation LLC | Truckload | |
| Abilene Motor Express, LLC | Truckload |
| Owned/Leased | |||
|---|---|---|---|
| Location · Brand · Owned · Leased · Total | |||
| Alabama | 7 | 2 | 9 |
| Arizona | 6 | 6 | 12 |
| Arkansas | 5 | 1 | 6 |
| California | 9 | 6 | 15 |
| Colorado | 2 | 1 | 3 |
| Florida | 15 | 4 | 19 |
| Georgia | 12 | 7 | 19 |
| Idaho | 2 | 2 | 4 |
| Illinois | 6 | 4 | 10 |
| Indiana | 7 | 2 | 9 |
| Iowa | 3 | 3 | 6 |
| Kansas | 3 | 1 | 4 |
| Kentucky | 2 | 1 | 3 |
| Louisiana | 6 | 6 | |
| Mexico | 5 | 4 | 9 |
| Michigan | 2 | 2 | |
| Minnesota | 1 | 2 | 3 |
| Mississippi | 7 | 1 | 8 |
| Missouri | 4 | 1 | 5 |
| Montana | 2 | 4 | 6 |
| Nebraska | 2 | 2 | |
| Nevada | 5 | 1 | 6 |
| New Jersey | 1 | 1 | |
| New Mexico | 1 | 1 | |
| New York | 2 | 1 | 3 |
| North Carolina | 10 | 2 | 12 |
| North Dakota | 1 | 8 | 9 |
| Ohio | 5 | 5 | |
| Oklahoma | 4 | 1 | 5 |
| Oregon | 2 | 1 | 3 |
| Pennsylvania | 3 | 2 | 5 |
| South Carolina | 7 | 5 | 12 |
| South Dakota | 4 | 4 | |
| Tennessee | 13 | 1 | 14 |
| Texas | 23 | 14 | 37 |
| Utah | 3 | 3 | |
| Virginia | 2 | 2 | |
| Washington | 2 | 2 | 4 |
| West Virginia | 1 | 1 | |
| Wisconsin | 1 | 4 | 5 |
| Wyoming | 1 | 5 | 6 |
| Total Properties | 193 | 105 | 298 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.