Knight Transportation, Inc. was incorporated in 1989. The Company provides multiple full truckload transportation and logistics services, which generally involve the movement of full trailer or container loads of freight from origin to destination for a single customer. The Company has two reportable segments, Asset-Based and Non-Asset-Based. Its Asset-Based segment is comprised of three operating units: dry van truckload, temperature-controlled truckload, and drayage services. The Company operates its modern company-owned tractor fleet and use independent contractors to provide various Asset-Based solutions, including multiple stop pick-ups and deliveries, dedicated equipment and personnel, on-time expedited pick-ups and deliveries, specialized driver training, and other truckload services. Its Non-Asset-Based segment consists of two main operating units: freight brokerage services and rail intermodal. It also provides logistics, freight management and other non-trucking services to its customers through its Non-Asset-Based business. Brokerage had transportation services contracts with approximately 14,800 carriers as of December 31, 2013. The Company competes with other truckload carriers and logistics companies, as well as railroads and airfreight providers. Its Asset-Based segment competes with other motor carriers for the services of drivers, independent contractors, and management employees. Its Non-Asset-Based segment competes with other logistics companies for the services of third-party capacity providers and management employees. The Company's operations are regulated and licensed by various government agencies, including the DOT, EPA, and the U.S. Department of Homeland Security.
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