Knight-Swift Transportation Holdings Inc
For the period ended Dec 31, 2024. Filed Feb 20, 2025.
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FY2024 · Filed Feb 20, 2025
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Related Party Transactions
Note 22 —Related Party Transactions
The following table presents Knight-Swift's transactions with companies controlled by and/or affiliated with its related parties:
| 2024 | 2023 | 2022 | ||||
|---|---|---|---|---|---|---|
| Provided by Knight-Swift | Received by Knight-Swift | Provided by Knight-Swift | Received by Knight-Swift | Provided by Knight-Swift | Received by Knight-Swift | |
| (In thousands) | ||||||
| Facility and Equipment Leases | 1,008 | 624 | 529 | 158 | — | 284 |
| Other Services | — | 34 | 27 | 410 | 94 | 35 |
Receivables and payables pertaining to related party transactions were:
| December 31, 2024 | December 31, 2023 | |||
|---|---|---|---|---|
| Receivable | Payable | Receivable | Payable | |
| (In thousands) | ||||
| Certain affiliates 1 | — | 136 | 23 | 37 |
1"Certain affiliates" includes entities that are associated with various board members and executives and require approval by the Audit Committee of the Board prior to completing transactions. Transactions with these entities generally include facility and equipment leases, equipment sales, and other services.
Aircraft Purchase — During the year ended December 31, 2023, the Company purchased an airplane for $6.0 million from related parties.
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