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Exhibit 99.1 KNIGHT TRANSPORTATION October 20 , 2021 Phoenix , Arizona SWIFT TRANSPORTATION Knight - Swift Transportation Holdings Inc. Reports Third Quarter 2021 Revenue and Earnings Knight - Swift Transportation Holdings Inc. ( NYSE : KNX ) ( " Knight - Swift " or " the Company " ) , one of the largest and most diversified freight transportation companies , operating the largest full truckload fleet in North America , today reported third quarter 2021 net income attributable to Knight - Swift of $ 206.2 million and Adjusted Net Income Attributable to Knight - Swift of $ 217.1 million . GAAP earnings per diluted share for the third quarter of 2021 were $ 1.23 , compared to $ 0.71 for the third quarter of 2020. The Adjusted EPS was $ 1.30 for the third quarter of 2021 , compared to $ 0.79 for the third quarter of 2020 . Key Financial Highlights Each reportable segment grew revenue while improving margins , leading to consolidated revenue growth of 32.8 % , excluding truckload fuel surcharge , and an improvement of 63.2 % in consolidated operating income to $ 270.1 million in the third quarter of 2021 , as compared to the same quarter last year . Net Income Attributable to Knight- Swift increased by 68.9 % to $ 206.2 million . • • • Truckload -77.8 % Adjusted Operating Ratio within our Truckload segment , a 350 basis point improvement as compared to the same quarter last year Logistics 87.6 % Adjusted Operating Ratio within our Logistics segment , a 980 basis point improvement , supported by a 130.0 % increase in Logistics revenue , excluding intersegment transactions , as load counts grew by 60.7 % , while revenue per load increased 43.1 % . - Intermodal 91.5 % Adjusted Operating Ratio within our Intermodal segment , an 820 basis point improvement , supported by 14.1 % year - over - year revenue growth Less - than - Truckload ( " LTL " ) - 87.5 % Adjusted Operating Ratio , which represents the results of AAA Cooper Transportation ( " ACT " ) . See discussion under " Recent Acquisition " below . On an annualized basis , the LTL segment represents approximately 12 % of revenue within the four reportable segments . Total revenue Revenue , excluding truckload fuel surcharge Operating income Adjusted Operating Income 2 Net income attributable to Knight - Swift Adjusted Net Income Attributable to Knight - Swift 2 Earnings per diluted share Adjusted EPS 2 Quarter Ended September 30 , 1 2021 2020 $ Change ( Dollars in thousands , except per share data ) 1,642,445 $ 1,210,406 35.7 % $ 1,510,572 $ 1,137,313 32.8 % $ 270,087 $ 165,461 63.2 % $ 283,108 $ 183,094 54.6 % $ 206,178 $ 122,058 68.9 % $ 217,080 $ 134,618 61.3 % $ 1.23 $ 0.71 73.2 % $ 1.30 $ 0.79 64.6 % 1 For information regarding comparability of the reported results due to acquisitions , refer to footnote 1 of the Condensed Consolidated Statements of Comprehensive Income in the schedules following this release . 2 See GAAP to non - GAAP reconciliation in the schedules following this release .